| Latest Forum Topics / Singapore Land |
 Post Reply
|
|
Positive outlook for office sector
|
|
|
derekchong
Veteran |
05-Oct-2006 13:54
|
|
x 0
x 1 Alert Admin |
Singland already up $0.40 cents, it is cheaper to buy UIC. |
| Useful To Me Not Useful To Me | |
|
Nostradamus
Supreme |
05-Oct-2006 12:24
|
|
x 0
x 0 Alert Admin |
DBSV has upgraded its call to "buy" from "hold" and raised its target price to $8.85 from $6.03 on the view that the office landlord will benefit from tight office space supply and rising rents. "We are seeing the highest office rental growth in a decade, and CBD office occupancy is getting tighter at 2.7% (vacancy rates)," DBS said in a client note. "Singland is well positioned to ride on the strong fundamentals in the office sector, with positive rental reversions over the next few years," it added. The brokerage also upgraded its revised net asset value estimates for the firm to $7.69 from $6.03 previously, due to a revaluation of Singapore Land's investment property portfolio and the upward adjustment of development profits and revaluation of its hotel portfolio. |
| Useful To Me Not Useful To Me | |
|
|
|
|
Nostradamus
Supreme |
21-Sep-2006 19:21
|
|
x 1
x 0 Alert Admin |
CIMB-GK says it has raised its target price to $8.51 because it thinks the office landlord will benefit from rising demand for office space and rising rents. "Singapore Land remains a key proxy to the bullish office sector," CIMB-GK said in a note to clients. Prime office rents in the Raffles Place central business district here rose 34% in the nine months of this year and could surpass their 1996 peak by 2009 or earlier, the brokerage said, citing estimates by Colliers International. "While we observe Singapore rentals to have caught up with other regional cities like Beijing and Tokyo, we believe rents are still competitive and see further upside going forward," CIMB-GK said. Rents have been rising in the central business district because of the tight supply of office space. CIMB-GK estimates that in the next 4-5 years there will be demand for 5. 2-6.5m square feet of new office space, but that the supply will be less than 4m square feet. Redevelopment of old office buildings in the central business district would mean further tightening of supply, it said. |
| Useful To Me Not Useful To Me | |
|
Nostradamus
Supreme |
14-Sep-2006 18:33
|
|
x 1
x 0 Alert Admin |
UBS has raised its target price to $8.10 in view of the positive outlook for the office sector given limited supply up to 2009 and strong demand. "We believe rents will continue to rise given the office sector outlook," UBS said in a note. UBS upgraded its forecast for Singapore Land's end-2007 revised net asset value to $8.10 to take into account rising office rents. "Further value could be unlocked from Singapore Land's very sizeable office portfolio if management injects the buildings into a REIT vehicle," it added. |
| Useful To Me Not Useful To Me | |