May 21, 2012 -- Updated April 14, 2011 15:33 HKT
Singapore Stocks Preview, Keppel Land, Capitaland
Singapore is rapidly becoming an economic powerhouse, and everyone should have exposure to the Singapore Dollar and core assets of the Country.
Shayne Heffernan Best Buys are Keppel Land and Capitaland
Keppel Land Limited is a holding, management and investment company. The principal activities of its subsidiary companies consist of property investment and development, fund management and property related services. As an office developer in Singapore, Keppel Land contributes to defining and refining the city’s skyline with landmark developments, such as Ocean Financial Centre and Marina Bay Financial Centre in the Central Business District.
Keppel Land is also Asia’s premier home developer with waterfront homes at Keppel Bay and Marina Bay. In September 2009, it acquired Keppel Tianjin Eco-City Investments Pte. Ltd. (55% interest), which wholly owns Success View Enterprises Limited and Keppel Tianjin Eco-City Holdings Pte. Ltd. In December 2009, it acquired its second township site in Shenyang, China.
CapitaLand Limited is a real estate company. The Company is engaged in investment holding, real estate development, investment in real estate financial products and real estate assets, investment advisory and management services, as well as management of serviced residences. The Company’s real estate and hospitality portfolio, which includes homes, offices, shopping malls, serviced residences and mixed developments, spans more than 110 cities in over 20 countries. The subsidiaries and associates of CapitaLand include Australand, CapitaMall Trust, CapitaCommercial Trust, Ascott Residence Trust and CapitaRetail China Trust
K-Reit Asia said on Thursday first quarter distribution per unit (DPU) rose 35 per cent from a year ago, helped by contributions from recently acquired properties.
The DPU for the three months ended March 31 was 1.79 Singapore cents, up from 1.33 Singapore cents in the year-earlier period.
K-Reit said its net property income for the quarter rose 7.6 per cent to $14.9 million, as contributions from recently acquired properties offset the loss of income from two divested Singapore office buildings.
At the end of the first quarter, K-Reit had an asset size of about $3.5 billion, comprising four commercial properties in Singapore and two in Australia.
K-Reit is managed by Keppel Land , Singapore’s third largest developer.
Perennial China Retail Trust is relaunching its Singapore IPO and is looking to raise up to S$840 million ($669 million) through the sale of 1.1 billion units
In Singapore yesterday the Straits Times Index at ,158.92, down 0.41 per cent, or 13.16 points .
About 1.2 billion shares exchanged hands.
Losers beat gainers 278 to 182.
Shayne Heffernan
For More Information Contact
Chutinush Taksinapinunt (ANISTA)
Business Development Director
Heffernan Capital Management
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