GREATER CHINA Strategy China And Hong Kong Property & Hong Kong Landlord Tariffs curtail US rate cuts, thereby hindering the recovery of Hong Kong property and tourism; Maintain OVERWEIGHT on China property. INDONESIA Strategy Alpha Picks: Outperform In Mar 25 Remove BBNI, BBRI, ASII, JSMR and KLBF; add BBCA, ICBP, ERAA and BUKA. MALAYSIA Update Pekat Group (PEKAT MK/BUY/RM1.08/Target: RM1.45) Good earnings visibility over 2025...
The selloff driven by the US’ unprecedented and perplexing tariff plans has liberated many investors of profits this year. Given the fluidity of market conditions, we highlight a number of domestic-focused stocks such as CENT, CD, DFI, HLA, PANU, PROP, RFMD, SSG and SIE as well as Singapore-focused REITS such as CDLHT, FEHT, FCT, KREIT, LREIT and PREIT. In addition, the MAS’ equity market review should inject much needed liquidity in 2H25. We lower our STI target to 3,720 (previously 4,115).
LXP Industrial Trust to Report First Quarter 2025 Results and Host Conference Call May 1, 2025 WEST PALM BEACH, Fla., April 03, 2025 (GLOBE NEWSWIRE) -- LXP Industrial Trust (NYSE: LXP) (“LXP”), a real estate investment trust (REIT) focused on Class A warehouse and distribution real estate investments, today announced it will release its first quarter 2025 financial results the morning of Thursday, May 1, 2025. LXP will host its conference call and webcast that same day at 8:30 a.m., Eastern Time to discuss these results. Participants may access the call and webcast by the following: Con...
Highwoods to Release First Quarter 2025 Results Tuesday, April 29th Conference Call Wednesday, April 30th, at 11:00 A.M. RALEIGH, N.C., April 01, 2025 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) will release its first quarter 2025 results on Tuesday, April 29th, after the market closes. A conference call will be held the next day, Wednesday, April 30th at 11:00 A.M. Eastern time. For US/Canada callers, dial (833) 470-1428 and enter access code 704807. International callers should dial (404) 975-4839 and enter the same passcode. A live, listen-only webcast can be acce...
Highwoods Closes $138 Million Acquisition of Advance Auto Parts Tower in Raleigh 346,000 Square Feet, 100% Leased RALEIGH, N.C., March 18, 2025 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) has closed the acquisition of Advance Auto Parts Tower in the heart of Raleigh’s vibrant mixed-use North Hills Best Business District for a total investment of $138 million. This 346,000 square foot, 20-story, LEED-gold certified, Class AA office tower, which delivered in 2020, was 100% leased at December 31, 2024 with a weighted average lease term of 8.2 years. Advance Auto Parts Tower i...
LXP Industrial Trust Announces Quarterly Common Share Dividend WEST PALM BEACH, Fla., March 17, 2025 (GLOBE NEWSWIRE) -- LXP Industrial Trust (“LXP”) (NYSE: LXP), a real estate investment trust (REIT) focused on Class A warehouse and distribution investments, today announced that it declared a regular common share dividend for the quarter ending March 31, 2025 of $0.135 per common share payable on or about April 15, 2025 to common shareholders of record as of March 31, 2025. LXP also declared a cash dividend of $0.8125 per share of Series C Cumulative Convertible Preferred Stock for the ...
GREATER CHINA Strategy China And Hong Kong Property: Preview of property policies from two sessions; improvement in sentiment for Hong Kong's primary market. Sector Internet: Potential implications from implementation of social security insurances. Update Plover Bay Technologies (1523 HK/BUY/HK$5.22/Target: HK$7.71): Takeaways from luncheon: On the way to becoming a connectivity hub. INDONESIA Update Erajaya Swasembada (ERAA IJ/BUY/Rp390/Target: Rp480): Key brand might gradually mitigate regula...
FR reported FY24 core net profit of US$229m (+56% yoy) which met our expectations but exceeded the street’s, at 104%/113% of respective full-year forecasts. 4Q24 earnings rose 33% qoq, driven by higher ASPs, while production continued to grow on a yoy basis. Management anticipates continued nucleus FFB growth of 5% yoy in 2025. Maintain BUY with a higher target price of S$1.75.
KEY HIGHLIGHTS Strategy Alpha Picks: Adding RSTON, UMSH, SIE, CICT And Removing CVL, VMS, LREIT Our Alpha Picks portfolio underperformed the STI in Feb 25, falling 3.6% mom on a market cap-weighted basis. Adding RSTON, UMSH, SIE and CICT; removing CVL, VMS and LREIT. Sector REITs S-REITs monthly update (Feb 25). Results First Resources (FR SP/BUY/S$1.59/Target: S$1.75) FY24: Results in line with our expectations but exceeded the street’s, with full-year nucleus FFB growth of 6.4% ex...
Highwoods Agrees to Acquire Advance Auto Parts Tower in Raleigh 346,000 Square Feet,100% LeasedAdjacent to Highwoods-Owned CAPTRUST Tower in North HillsClosing Scheduled for Next 30 Days RALEIGH, N.C., March 03, 2025 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) today reported it has agreed to acquire Advance Auto Parts Tower, a 20-story, Class AA office tower located in the heart of Raleigh’s vibrant mixed-use North Hills Best Business District (BBD). This 346,000 square foot, LEED-gold certified tower, which delivered in 2020, was 100% leased at December 31, 2024 with a cur...
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