In today’s briefing:
- Huationg Global CEO increases interest to 7.75%
- REIT Watch – S-REIT sector’s PB ratio is at almost 20% discount to its longer-term average
Huationg Global CEO increases interest to 7.75%
- Huationg Global CEO increases interest to 7.75% Olam Group bought back a total of three million shares at S$1.13 apiece over the four sessions.
- Ng also maintained a 68.7 per cent deemed interest in Huationg Global by virtue of his 25 per cent shareholding interest in Dandelion Capital, which is the immediate and ultimate holding company of Huationg.
REIT Watch – S-REIT sector’s PB ratio is at almost 20% discount to its longer-term average
- REIT Watch – S-Reit sector’s PB ratio is at almost 20% discount to its longer-term average Despite this, the S-REIT sector is now trading at a discount of close to 20 per cent compared to its longer-term average in terms of price-to-book ratio.
- This is indicated by the iEdge S-REIT Index currently trading at a price-to-book (PB) ratio of 0.87 times, against the index’s five-year average PB ratio of 1.04 times – which showed a discount of 16 per cent.
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