Ascendas Real Estate Investment Trust

Ascendas Real Estate Investment Trust is a business space and industrial real estate investment trust. Co.'s principal activity is to invest in a portfolio of properties and property related assets. Co.'s portfolio comprises the following segments: business and science parks, hi-tech industrial properties/data centres, light industrial properties/flatted factories, logistics and distribution centres, and warehouse retail facilities. As of Mar 31 2012, Co. had a portfolio of 101 properties in Singapore and one property in China that comprised a business park property in Beijing.
  • TickerA17U
  • ISINSG1M77906915
  • ExchangeSingapore Exchange
  • SectorReal Estate Investment Trusts
  • CountrySingapore
UOB
Jonathan Koh ...
  • Loke Pei Hao

REITs - S-REITs Bi-Weekly (1-15 Sep 20)

S-REITs gained 0.8% during 1-15 Sep 20. S-REITs embarking on yield-accretive acquisitions, such as CERT, FCT, KREIT and MINT, led the gainers. The COVID-19 pandemic has helped these S-REITs acquire properties at lower prices and higher NPI yields. Lower interest rates have also reduced their cost of debt. Maintain OVERWEIGHT on S-REITs. BUY retail REITs CT (Target: S$2.55) and FCT (Target: S$3.10), hospitality REIT FEHT (Target: S$0.58) and office REIT KREIT (Target: S$1.40).

UOB
Jacquelyn Yow Hui Li ...
  • Jonathan Koh
  • Leow Huey Chuen
  • Loke Pei Hao

Singapore Daily - Thursday, September 17, 2020

KEY HIGHLIGHTS Sector REITs: S-REITs Bi-weekly (1-15 Sep 20). AT A GLANCE Corporate Wilmar International (WIL SP/BUY/Target: S$5.35): YKA receives final registration approval for listing on the SZSE ChiNext board. TRADERS’ CORNER Far East Hospitality Trust (FEHT SP): Trading Buy ComfortDelGro Corp (CD SP): Trading Buy

Moody's assigns Baa2 rating to Ascendas REIT's proposed perpetual securities

Rating Action: Moody's assigns Baa2 rating to Ascendas REIT's proposed perpetual securities. Global Credit Research- 10 Sep 2020. Singapore, September 10, 2020-- Moody's Investors Service has assigned a Baa2 rating to the proposed SGD300 million subordinated unsecured perpetual securities to be issued by Ascendas Real Estate Investment Trust, under its existing euro medium-term securities program, which is rated A3 by Moody's.

UOB
Jonathan Koh ...
  • Loke Pei Hao

SG REITs - S-REITs bi-Weekly (16-31 Aug 20)

S-REITs gained marginally by 0.3% during 16-31 Aug 20. We saw many recovery plays, such as retail REITs (FCT, LREIT, MAGIC and CT) and hospitality REITs (FEHT and ARAUS), among the top gainers. Conversely, industrial REITs (FLT, MINT and AREIT) have lost some momentum. Maintain OVERWEIGHT on S-REITs. BUY retail REITs CT (Target: S$2.55) and FCT (Target: S$2.90), hospitality REIT FEHT (Target: S$0.58) and office REIT KREIT (Target: S$1.30).

Moody's assigns A3 to Ascendas REIT's euro medium term securities drawdown

Rating Action: Moody's assigns A3 to Ascendas REIT's euro medium term securities drawdown. Global Credit Research- 19 Aug 2020. Singapore, August 19, 2020-- Moody's Investors Service has assigned an A3 senior unsecured rating to the proposed SGD100 million notes issued by Ascendas Real Estate Investment Trust, under its existing euro medium term securities program, which is rated A3 by Moody's.

UOB
Jonathan Koh ...
  • Loke Pei Hao

REITs - S-REITs Bi-Weekly (1-15 Sep 20)

S-REITs gained 0.8% during 1-15 Sep 20. S-REITs embarking on yield-accretive acquisitions, such as CERT, FCT, KREIT and MINT, led the gainers. The COVID-19 pandemic has helped these S-REITs acquire properties at lower prices and higher NPI yields. Lower interest rates have also reduced their cost of debt. Maintain OVERWEIGHT on S-REITs. BUY retail REITs CT (Target: S$2.55) and FCT (Target: S$3.10), hospitality REIT FEHT (Target: S$0.58) and office REIT KREIT (Target: S$1.40).

UOB
Jacquelyn Yow Hui Li ...
  • Jonathan Koh
  • Leow Huey Chuen
  • Loke Pei Hao

Singapore Daily - Thursday, September 17, 2020

KEY HIGHLIGHTS Sector REITs: S-REITs Bi-weekly (1-15 Sep 20). AT A GLANCE Corporate Wilmar International (WIL SP/BUY/Target: S$5.35): YKA receives final registration approval for listing on the SZSE ChiNext board. TRADERS’ CORNER Far East Hospitality Trust (FEHT SP): Trading Buy ComfortDelGro Corp (CD SP): Trading Buy

UOB
Jonathan Koh ...
  • Loke Pei Hao

SG REITs - S-REITs bi-Weekly (16-31 Aug 20)

S-REITs gained marginally by 0.3% during 16-31 Aug 20. We saw many recovery plays, such as retail REITs (FCT, LREIT, MAGIC and CT) and hospitality REITs (FEHT and ARAUS), among the top gainers. Conversely, industrial REITs (FLT, MINT and AREIT) have lost some momentum. Maintain OVERWEIGHT on S-REITs. BUY retail REITs CT (Target: S$2.55) and FCT (Target: S$2.90), hospitality REIT FEHT (Target: S$0.58) and office REIT KREIT (Target: S$1.30).

UOB
Abdul Hadi Bin Abdul Manaf ...
  • Carol Dou Xiao Qin
  • Chong Lee Len
  • Jie Ying Chloe Tan
  • Jonathan Koh
  • Ken Lee
  • Kong Ho Meng
  • Kowit Pongwinyoo
  • Loke Pei Hao
  • Malaysia Research Team
  • Michael Cheung Ho Bun
  • Philip Wong
  • Raphon Prima
  • Robin Yuen
  • Sarat Ruangtaweep Ruangtaweep
  • Thunya Sutavepramochanon

Regional Morning Notes - Friday, July 24, 2020

GREATER CHINA Sector Automobile: Weekly: PV retail sales growth turned positive while wholesale shipment slowed. Maintain MARKET WEIGHT. Top picks: Weichai, Brilliance and Yongda. Healthcare: Smart generic drug R&D strategies benefit leading players in GPO tender. Results Sands China (1928 HK/BUY/HK$30.45/Target: HK$43.00): 2Q20: Limited help from latest border relaxation. INDONESIA Update XL Axiata (EXCL IJ/BUY/Rp2,820/Target: Rp3,270): Has experienced V-shaped recovery; expecting 16% and 10% yoy EBITDA growth in 2020 and 2021. MALAYSIA Results British American Tobacco (ROTH MK/BUY/RM10.38/...

UOB
Jonathan Koh ...
  • Loke Pei Hao

Ascendas REIT - 1H20: Heaven from COVID-19 storm

1H20 results were affected by rental waivers of S$9.6m, slight dip in occupancies at business park properties in Singapore and the US and narrower NPI margin. Contributions from 28 business parks properties in the US and two in Singapore acquired in Dec 19 kicked in. We like AREIT for its quality tenant base and geographical diversification. Maintain BUY with higher target price of S$3.65.

Moody's assigns Baa2 rating to Ascendas REIT's proposed perpetual securities

Rating Action: Moody's assigns Baa2 rating to Ascendas REIT's proposed perpetual securities. Global Credit Research- 10 Sep 2020. Singapore, September 10, 2020-- Moody's Investors Service has assigned a Baa2 rating to the proposed SGD300 million subordinated unsecured perpetual securities to be issued by Ascendas Real Estate Investment Trust, under its existing euro medium-term securities program, which is rated A3 by Moody's.

Moody's assigns A3 to Ascendas REIT's euro medium term securities drawdown

Rating Action: Moody's assigns A3 to Ascendas REIT's euro medium term securities drawdown. Global Credit Research- 19 Aug 2020. Singapore, August 19, 2020-- Moody's Investors Service has assigned an A3 senior unsecured rating to the proposed SGD100 million notes issued by Ascendas Real Estate Investment Trust, under its existing euro medium term securities program, which is rated A3 by Moody's.

Moody's announces completion of a periodic review of ratings of Ascendas Real Estate Investment Trust

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Ascendas Real Estate Investment Trust. Global Credit Research- 19 Aug 2020. Singapore, August 19, 2020-- Moody's Investors Service has completed a periodic review of the ratings of Ascendas Real Estate Investment Trust and other ratings that are associated with the same analytical unit.

Moody's assigns (P)A3 to Ascendas REIT's euro medium term securities program

Rating Action: Moody's assigns A3 to Ascendas REIT's euro medium term securities program. Global Credit Research- 12 Aug 2020. Singapore, August 12, 2020-- Moody's Investors Service has assigned a provisional A3 senior unsecured rating to the proposed SGD7 billion euro medium term securities program established by Ascendas Real Estate Investment Trust.

Ascendas Real Estate Investment Trust: Update following rating affirmation

Our credit view of Ascendas REIT, reflecting its established market position in Singapore, diversified asset portfolio and healthy credit metrics amid coronavirus-related disruptions.

ASCENDAS REAL ESTATE IT. receives a double requalification that leads to a downgrade to Neutral

ASCENDAS REAL ESTATE IT. (SG), a company active in the Real Estate Investment Trusts industry, sees its general evaluation downgraded to Neutral on account of a double requalification. The independent financial analyst theScreener just removed a fundamental star(s) for a 3 over 4-star rating. As such, market behaviour has also deteriorated and is evaluated as moderately risky. theScreener believes that the loss of a star(s) and the increased risk justifies the general evaluation downgrade, which passes to Neutral. As of the analysis date August 11, 2020, the closing price was SGD 3.42 and its ...

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the we...

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