Brokers' take: OCBC downgrades HPH Trust to 'sell'; DBS maintains 'hold'
OCBC Investment Research has downgraded its call on Hutchison Port Holdings Trust (HPH Trust) from 'buy' to 'sell', on the back of an unexpected HK$12.3 million (S$2.1 million) non-cash impairment loss, while DBS Group Research has maintained its 'hold' rating on the counter, with a target price of US$0.26. Read more at The Business Times.
S'pore-HK air travel bubble starts May 26, 2 daily flights capped at 200 passengers each for first 2 weeks
Stocks to watch: Far East Hospitality Trust, Capital World, Perennial, Frasers Property, HPH TrustTHE following companies saw new developments that may affect trading of their shares on Wednesday: Read more at The Business Times.
HPH Trust posts Q4 net loss of HK$12.11b on recognition of impairment lossesTHE recognition of non-cash impairment losses of HK$12.29 billion (S$2.12 billion) in the fourth quarter heavily dampened results for Hutchison Port Holdings Trust (HPH Trust) for the three months ended Dec 31, 2018. Read more at The Business Times.
Broker's take: OCBC downgrades First Reit to 'sell' on concerns of valuation and sponsorOCBC Investment Research has downgraded First Reit from 'hold' to 'sell' as valuations are still not compelling, and concerns over the Reit's (real estate investment trust) main revenue contributor and sponsor remain. Read more at The Business Times.
Stocks to watch: Valuetronics, Mapletree Industrial Trust, Oxley, Vicom, F&NTHE following companies have seen new developments that may affect trading of their shares on Tuesday: Read more at The Business Times.
Far East Hospitality Trust DPS up 3.1% for Q4FAR East Hospitality Trust saw distribution per stapled security (DPS) rise 3.1 per cent to one Singapore cent for the fourth quarter ended Dec 31, 2018, from 0.97 Singapore cent a year ago, the trust manager announced on Wednesday morning. This came on the back of a 4.9 per cent rise in income available for distribution to S$19.1 million, from S$18.2 million for the year-ago period. Read more at The Business Times.
FSL Trust units take up to US$25m bridging loan from sponsor for tanker buysFIRST Ship Lease Trust (FSL Trust) on Friday said its sponsor and controlling unitholder FSL Holdings has agreed to extend a secured, interest-bearing bridging loan of up to US$25 million to partially finance the acquisition of two newbuild tankers. Read more at The Business Times.
Facebook's data gathering without users' consent hit by German anti-trust clampdownBONN (REUTERS) - Germany's antitrust watchdog ordered a crackdown on Facebook's data collection practices after ruling the world's largest social network abused its market dominance to gather information about users without their knowledge or consent.. Read more at straitstimes.com.
Facebook's data gathering hit by German anti-trust clampdownBONN: Germany's antitrust watchdog ordered a crackdown on Facebook's data collection practices after ruling the world's largest social network ...
Viswa Sadasivan warns: Every Singaporean will be loser if trust in government goes down the drainFormer Non-Constituency Member of Parliament (NMP) Viswa Sadasivan fired a timely red-hot Lunar New Year fire-cracker as he reminded that if public confidence and trust in the Government does down the drain, every Singaporean will be the loser. Nailed it. Wake up Ministers!!
Money FM podcast: The Hot Seat: Rebuilding trust on social mediaCharles Tidswell, vice-president JAPAC, Socialbakers shares what is considered a successful social media marketing campaign, and what companies can do to build trust among customers using social media. Read more at The Business Times.