In today’s briefing:
- REIT Watch – Healthcare S-Reits capture Japan opportunities with expanding footprint
- Wilmar, Wee Hur and TCA chairmen add to their stakes
REIT Watch – Healthcare S-Reits capture Japan opportunities with expanding footprint
- Healthcare S-REITs capture Japan opportunities with expanding footprint Both ParkwayLife Reit (37.1 per cent of its asset value) and First Reit (22.8 per cent of its assets under management) have significant exposure to Japan nursing homes and healthcare-related properties through recent acquisitions.
- First Reit now has 14 out of its 32 Asian healthcare assets in Japan nursing homes which are operated by five independent and experienced nursing home operators.
Wilmar, Wee Hur and TCA chairmen add to their stakes
- FOR the five trading sessions that spanned Dec 2 to 8, the Straits Times Index (STI) declined 7 per cent, with the Hang Seng Index gaining 3.7 per cent and the FTSE Bursa Malaysia KLCI slipping 1.6 per cent.
- Overall, institutions were net sellers of Singapore stocks for the five sessions ended Dec 8 with S$359 million of net outflow.
- A married deal on Dec 5 saw Wee Hur Holdings executive chairman and managing director Goh Yeow Lian acquire one million shares at 20 cents per share, increasing his total interest from 44.41 per cent to 44.52 per cent.
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