In today’s briefing:
- Buyback Consideration Notches Higher; ISOTeam CEO Increases Stake
- REIT Watch – S-REITs with China retail assets log mixed 2024 performance; may benefit from consumption push
Buyback Consideration Notches Higher; ISOTeam CEO Increases Stake
- Institutions were net sellers of Singapore stocks with a net outflow of S$151 million from March 21-27.
- Venture Corporation bought back 203,000 shares at S$12.51, accelerating its Share Buyback Plan from February 21.
- ISOTeam’s 1HFY25 revenue increased 4.2% to S$65.3 million, with A&A contributing 46% of total revenue.
REIT Watch – S-REITs with China retail assets log mixed 2024 performance; may benefit from consumption push
- S-REITs with retail assets in China show mixed 2024 performance with stable occupancies but negative rental reversions amid cautious consumer sentiment.
- CapitaLand China Trust’s retail NPI increased 1.9% y-o-y in FY2024, with stable occupancy at 98.2% and negative rental reversion.
- Sasseur REIT’s portfolio occupancy reached 98.9% by end 2024, with double-digit sales growth during Lunar New Year 2025.
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