In today’s briefing:
- REIT Watch – S-Reits among top gainers in STI for week starting Oct 9
- Morning Views Asia: Lippo Malls Indonesia Retail Trust, Tata Motors ADR
- Wing Tai Chair Cheng Wai Keung Continues Building Deemed Interest
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REIT Watch – S-Reits among top gainers in STI for week starting Oct 9
- REIT Watch – Performance of S-Reits within the STI On Thursday night (Oct 12), the US Consumer Price Index (CPI) came in slightly higher than markets had anticipated, leading to higher expectations that the Federal Reserve will likely implement one more interest rate hike before the year ends.
- The three S-Reits with the lowest gearing ratios are: Sasseur Reit (26.2 per cent), Frasers Logistics & Commercial Trust (28.6 per cent) and Paragon Reit (29.8 per cent).
Morning Views Asia: Lippo Malls Indonesia Retail Trust, Tata Motors ADR
Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.
Wing Tai Chair Cheng Wai Keung Continues Building Deemed Interest
- Wing Tai chairman Cheng Wai Keung continues building deemed interest Heavy lifting specialist Sin Heng Heavy Machinery also bought back 648,200 shares at an average price of S$0.49 per share.
- Wing Tai Holdings chairman and managing director Cheng Wai Keung continued to build his deemed interest in the company, through his spouse Helen Chow acquiring shares.