Ascott Residence Trust’s 4Q14 DPU of 2.16 Scts (+13% y-o-y
on normalised basis), in line with expectations. Uplift in DPU
was driven by AEI’s and acquisitions. The solid growth outlook
is underpinned by full contribution from 2014 acquisitions.
Maintain BUY, TP revised lower to S$1.37 (Prev S$ 1.40), owing
to a slight reduction in our earnings forecasts.
Soilbuild Business Space REIT’s 4Q14 DPU of 1.585 Scts in line.
Gross revenues and net property income came in at 8.3% and
9.0% higher y-o-y at S$17.7m and S$14.9m respectively.
Performance was largely driven by acquistions of two industrial
properties in 4Q14, and positive rental reversions. Going
forward, rental renewal growth is expected to moderate;
acquisitions to complement growth. Maintain BUY, TP S$0.92.
4Q14 results for Suntec REIT in line. Suntec City Mall is 91.3%
leased on an enlarged basis; blended rent of S$12.27 is lower
than expected. Office leasing momentum is
The NCDEX Turmeric Apr futures is slipped by -0.37% in the last trading to close at 7536 level till Thursday closing at India's National Commodity & Derivatives Exchange (NCDEX).
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