Topic of Interest: #RHB (133 Articles Found)

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Starhill Global REIT a laggard play, but still a ‘buy’: RHB

RHB Group Research is keeping its “buy” recommendation on Starhill Global REIT (SGREIT) as the stock is the cheapest retail/office S-REIT. Analyst Vijay Natarajan believes that despite a challenging retail sector outlook weighing down, its portfolio negatives are…

Property developers, real estate agencies to see better earnings, dividends in 2021: RHB

As the fundamentals of the property market continue to improve, property developers and real estate agencies should enjoy an improvement in their bottom lines this year, according to RHB Securities. The brokerage notes that new home sales has…

Suntec Reit top pick for RHB on attractive valuations, earnings recovery

RHB on Wed said Suntec Reit remains its preferred pick in the office/retail Reit space due to its attractive valuation and earnings recovery from its recently completed and acquired assets. RHB analyst Vijay Natarajan expects DPU to rebound…

RHB ‘overweight’ on Singapore property sector

Shares of Singapore-listed real estate developers are trading at deep discounts to their book values and RNAV, offering “good value” at current levels. That is according to RHB analyst Vijay Natarajan, who kept his “overweight” rating on the…

RHB to divest off its Singapore stock brokerage business

RHB Investment Bank Berhad (RHBIB), the wholly-owned subsidiary of RHB Banking Group, has entered into a conditional share purchase agreement with Phillip Securities for the disposal of its stockbroking businesses in RHB Securities Singapore (RHBSS), the group announced.…

S-Reits’ valuations close to long-term mean, but analysts still see value in sector

S-Reits have rebounded 38 per cent from their Mar lows and are now trading closer to their long-term mean valuation, according to a research report by RHB, which maintained an “overweight” rating on the sector. Investor interest is…

Analysts cautiously optimistic about CDL Hospitality Trusts’ strong fundamentals

While the hotel industry has been hit by a slowdown in travel arising from the Covid-19 pandemic, strong fundamentals and pent up demand has seen analysts express cautious optimism that CDL Hospitality Trusts (CDREIT) will successfully weather the…

AREIT defensive but unattractive valuation

RHB Group Research is keeping its “neutral” call on Ascendas REIT (AREIT). In a Mon report, analyst Vijay Natarajan says, “AREIT’s diversified portfolio of 200 industrial assets across three different geographies is expected to stay resilient despite recessionary…

Diversified tenant base, supportive sponsor to help ESR-REIT tide over market sell-off

ESR REIT has been a victim of the global REIT sell-off, with its share price plunging some 56% since the beginning of the Covid-19 outbreak on Jan 24. Although S-REITs have only shed some 30% in comparison, analysts…

Cache Logistics Trust to get a boost in operational capabilities, growth potential

Near-term uncertainties are aplenty for the logistics sector, but analysts are choosing to remain optimistic about the longer-term potential in certain stocks. RHB Group Research has identified Cache Logistics Trust as one such counter that investors should take…

5G not likely to be a game changer for Singapore telcos, says RHB

While fifth generation wireless technology for digital cellular networks, or 5G, has been the buzzword in the telecommunications industry, RHB Group Research believes it is not likely to be a game changer for Singapore telcos. “While Singapore will…

ESR REIT kept at ‘buy’ as industrial sector shows signs of bottoming out

RHB Group Research is bullish on ESR REIT, as Singapore’s industrial sector shows signs of bottoming out. After seven straight months of decline, Singapore’s PMI, which is used as an indication of manufacturing sentiment, recorded a marginal expansion…

Suntec REIT top commercial sector pick; poised for turnaround in 2020, says RHB

2019 had not been kind to Suntec REIT. But RHB Group Research believes 2020 could well be a turnaround year for the REIT. “Suntec REIT was a laggard in 2019 – we believe the market was focusing on…

Centurion Corp maintains steady course with accommodation business: RHB

RHB Group Research is maintaining its “neutral” call on Centurion Corp on the back of its purpose built workers accommodation (PBWA) performance. “The increasing awareness of the need for improved living conditions of foreign workers has led to…

ISOTeam could pick up even more contract wins with upcoming General Election, says RHB

RHB Group Research says the upcoming GE could potentially open up more project wins for building maintenance and estate upgrading services provider ISOTeam. The brokerage says it expects the GE to be held next year. “We believe there…

Developers lose pricing power after en bloc fever

With muted price growth expectations for residential properties in 2019, no near-term catalysts for developers with large local market exposure are expected, according to a report by RHB Research. With more than 50 projects in the launch pipeline,…

Steep rents set to boost office REITs only by H2 2019

The steady pick-up in Grade A office rents in the past few months is expected to lend a boost to Singapore’s office REIT sector and boost the overall performance of S-REITs although the impact may be delayed into…

RHB overweight on SREITs despite interest rates worry

RHB is reiterating its “overweight” rating on SREITs, as it believes that selective SREITs still offer value for investors, despite lingering concerns over rising interest rates. In a Tues report, analyst Vijay Natarajan says, “While we do not…

New launches, healthy take-up rates to sustain residential developers in near-term: RHB

RHB Research is maintaining “neutral” on the real estate sector with a flattish price outlook for 2H18, and expectations that primary transactions will decline 10% y-o-y in 2018 with no near-term catalysts for players with larger exposure to…

Singapore property sector outlook stays intact despite cooling measures: Savills

Singapore’s current property market is not in bubble territory and neither is expected to crash in response to the latest cooling measures, says Savills. In fact, revised pricing outlook for the primary residential market is still positive and…

RHB remains ‘neutral’ on Singapore property sector on expected slower volumes

RHB is remaining “neutral” on the Singapore property sector on muted growth in property price in the coming months, impacted by the recent cooling measures. In a Thurs report, analyst Vijay Natarajan says, “We expect sales volumes to…

Party’s over for Singapore’s residential real estate sector

RHB is downgrading its sector “overweight” on Singapore real estate to “neutral” on expectations of transaction volumes for 2018 to fall by 10% from the 10-15% rise previously, and for prices to stay flattish over 2H18-2019. In a…

CDL may cut unit prices by 5-10%: RHB

City Developments Limited (CDL) is expected to be negatively affected by the government’s latest property cooling measures given its market position, according to RHB Invest analyst Vijay Natarajan. For instance, the Singapore-listed property developer has among the biggest…

Ascott serviced residences could bolster CapitaLand’s income by 50%

CapitaLand seeks refuge from its fast-growing serviced residence, new malls and management contracts, as well as its fund management wing to fare well despite the impending backlash of the property curbs, RHB analyst Vijay Natarajan said. Natarajan mentioned…

Hotel arm could buoy CityDev amidst property curb

City Development (CDL) could get a boost from its hotel segment amidst the impending impact of the property curbs on its property portfolio in Singapore, RHB analyst Vijay Natarajan said. “The outlook for Millennium & Copthorne Hotels (M&C),…

Singapore’s Royal Group raises first Islamic financing from RHB

Royal Group has raised its first sharia-compliant financing from RHB Bank for a S$300 million property, helping widen the range of Islamic finance deals in SEA’s main financial hub. The deal is one of the largest Islamic finance…

Singapore property prices could rebound by as much as 20% by 2019, says RHB

RHB Research sees a promising outlook for Singapore real estate in the near-term, with property prices expected to rise by as much as 20% by 2019, even as the longer-term sustainability seems uncertain. “Overall, property prices should rebound…

Home price hikes loom amidst improvement in housing affordability: RHB

Singapore’s price-to-income ratio, a “good’ parameter to judge the current affordability of homes, has improved has shown positive development since 2010, RHB Research said in a report. This particularly reflects the continued improvement of household income, which has…

S-REITs more resilient despite concerns over rising interest rates: RHB

RHB Research is maintaining its “overweight” on S-REITs despite market worries over higher interest rates, preferring the hospitality and industrial sub-sectors which are poised to tap into demand growth. Key to the improving market outlook for S-REITs is…

CapitaLand Commercial Trust loses 85% of Bugis Village’s value

CapitaLand Commercial Trust (CCT) will only receive $6.6m upon the return of Bugis Village to the State, and according to RHB Research, it should expect write-downs as this is significantly lower than that the latest valuation of $44m.…

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