Markets & Investing
Prime US REIT’s distributable income drops 14.0% YoY to US$23.3m
Prime US REIT’s distributable income drops 14.0% YoY to US$23.3m
The REIT credited the drop to higher finance costs and lower occupancy.
CapitaLand Investment’s profit drops 6% YoY, hit by higher expenses
PATMI for the period was $331m.
Antler closes $72m Southeast Asia Fund II
Antler SEA Fund II plans to invest $27m in 45 startups.
Sovereign Wealth Fund acquires 49% stake in Ho Bee Land's SPV for $555m
The SPV holds the biomedical life-science development, Elementum.
Ho Bee Land posts $9.5m net profit, reversing last year's loss
The company credited its return to profitability to a revenue increase.
Lower costs boost CICT's NPI by 5.4% YoY to $582.4m in H1
Higher NPI boosted the trust's distributable income by 3.7% YoY.
CCCS greenlights Esteel’s partial stake acquisition in HG Metal
The competition watchdog sought public feedback from 13 June until 26 June.
Aevice Health bags US$7m in seed round led by Coronet Ventures
The company will use the funds to advance its operations in key markets.
APAC Realty's profit drops 19% YoY on lower new home sales
New home sales usually result in higher margins for the company.
Sasseur REIT income and DPU fall amidst rental income dip
DPU for the period dipped 5.1% YoY.
Cohen & Steers boosts stake in Digital Core REIT
It acquired 3.6 million shares.
Frasers Property's unrecognised revenue reaches $1.9b for 9M 2024
Its 9M unrecognised revenue is already close to FY2023 levels.
SGX sees 4.7% net profit growth with strong equity activity
Net profit for the period was $597.9m.
Investors favour smaller, early-stage fintech deals over large-scale
In H1 2024, Singapore saw 52 early-stage deals.
Adapting to the shifting paradigm of the fund ecosystem
In the current market environment marked by geopolitical tensions, slower economic growth, labour issues, inflation, fears of recession and higher...
Wing Tai Holdings warns of net loss in FY24
The group assured that its financial position is healthy.
ARA US Hospitality Trust hit by 4.4% YoY NPI drop on revenue shortfall
Its revenue slipped 2.4% YoY in H1 2024.
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Commentary
SG60: What the next 10 years have in store for Singapore’s investment landscape