Invest, Trade and Save in Singapore, Syfe

Syfe

Invest, Trade and Save in Singapore

Syfe is an investment platform offering Managed Portfolios, Brokerage services, and Cash Management solutions to help people build wealth for a better future.

Thematic (Sector/Industry)

<ul>
<li>Singapore’s Hospitality REITs’ (S-REITs) demand prospects are largely hinged on tourist arrivals, which have been on a steady revival towards pre-pandemic levels. With hotel room supply growth moderating in the near term, occupancy has been on the rise.</li>
<li>Higher occupancy has helped moderate the impact of softer average daily rates (ADR) and helped the sector move beyond the pandemic period stress. Changi T5 and cruise/port upgrades will raise inbound capacity long-term—a positive for room demand once fully operational.</li>
<li>Singapore’s MICE pipeline (new arena, MICE hub studies) supports durable demand for premium rooms. For instance, big concerts, the F1, World Aquatics, and trade shows have helped materially lift RevPAR. However, this results in demand being lumpy over the period, resulting in peaks. </li>
</ul>


Singapore’s Hospitality REITs’ (S-REITs) demand prospects are largely hinged on tourist arrivals, which have been on a steady revival towards pre-pandemic levels. With hotel room supply growth moderating in the near term, occupancy has been on the rise.
Higher occupancy has helped moderate the impact of softer average daily rates (ADR) and helped the sector move beyond the pandemic period stress. Changi T5 and cruise/port upgrades will raise inbound capacity long-term—a positive for room demand once fully operational.
Singapore’s MICE pipeline (new arena, MICE hub studies) supports durable demand for premium rooms. For instance, big concerts, the F1, World Aquatics, and trade shows have helped materially lift RevPAR. However, this results in demand being lumpy over the period, resulting in peaks. 


Singapore’s Hospitality REITs: Sector Outlook Is Positive, With Travel Source Market Recovery

Research from SooChow CSSD Capital Markets (Asia), SCCM Asia Research

SCCM Asia Research

Research from SooChow CSSD Capital Markets (Asia)

Headquartered in Singapore, SooChow CSSD Capital Markets (Asia) is an investment bank focusing on emerging growth companies across Asia, providing a full suite of investment banking services, including corporate finance, mergers and acquisitions advisory, equity capital markets, institutional equities sales and trading and equities research.

SooChow CSSD Capital Markets (Asia)

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<li>
<a href="https://www.smartkarma.com/entities/manulife-us-reit" target="_blank" data-smartkarma-citation="entities:567" rel="noopener">Manulife US REIT (MUST) (MUST SP)</a> 1H22 DPU -3.3% YoY; Cyclical downturn incoming, hotelisation trend emerging</li>
<li>
<a href="https://www.smartkarma.com/entities/prime-us-reit" target="_blank" data-smartkarma-citation="entities:28144" rel="noopener">Prime US REIT (PRIME SP)</a> 1H22 DPU +5.7% YoY; Operation metrics holding up well (for now) amidst recession</li>
<li>
<a href="https://www.smartkarma.com/entities/ara-us-hospitality-trust" target="_blank" data-smartkarma-citation="entities:28048" rel="noopener">ARA US Hospitality Trust (ARAUS SP)</a> 1H22 DPU of US$1.43c declared; A significant recovery in occupancies and RevPAR</li>
</ul>



Manulife US REIT (MUST) (MUST SP) 1H22 DPU -3.3% YoY; Cyclical downturn incoming, hotelisation trend emerging

Prime US REIT (PRIME SP) 1H22 DPU +5.7% YoY; Operation metrics holding up well (for now) amidst recession

ARA US Hospitality Trust (ARAUS SP) 1H22 DPU of US$1.43c declared; A significant recovery in occupancies and RevPAR


ASEAN Builder's Scoop (4Aug22) - MUST Hotelisation Trend Emerging

<ul><li><a href="https://www.smartkarma.com/entities/capitaland-investment-ltd-si" target="_blank" data-smartkarma-citation="entities:33774" rel="noopener">CapitaLand Investment (CLI SP)</a>’s Ascott acquires Oakwood Worldwide; Boosting recurring fee income streams and AUM</li><li><a href="https://www.smartkarma.com/entities/aims-amp-capital-industrial" target="_blank" data-smartkarma-citation="entities:933" rel="noopener">AIMS APAC REIT (AAREIT SP)</a> regulatory approvals for acquisition of 315 Alexandra Road not obtained by target date</li><li>NTUC Income divests 16 Collyer Quay to China’s Bright Ruby for S$3,617psf; YTD office deals are just ~9% shy of total 2021</li></ul>

CapitaLand Investment (CLI SP)’s Ascott acquires Oakwood Worldwide; Boosting recurring fee income streams and AUMAIMS APAC REIT (AAREIT SP) regulatory approvals for acquisition of 315 Alexandra Road not obtained by target dateNTUC Income divests 16 Collyer Quay to China’s Bright Ruby for S$3,617psf; YTD office deals are just ~9% shy of total 2021

ASEAN Builder's Scoop (4Jul22) - Ascott Buys Oakwood, Boosting Fee Income

<ul><li><a href="https://www.smartkarma.com/entities/capitaland-integrated-commercial-trust" target="_blank" data-smartkarma-citation="entities:105" rel="noopener">Capitaland Integrated Commercial Trust (CICT SP)</a> 1Q22 Business Updates – Improving retail metrics + robust office reversions = top pick</li><li><a href="https://www.smartkarma.com/entities/ara-us-hospitality-trust" target="_blank" data-smartkarma-citation="entities:28048" rel="noopener">ARA US Hospitality Trust (ARAUS SP)</a> 1Q22 Business Updates – Recovery story intact though gearing reaches ~45%</li><li><a href="https://www.smartkarma.com/entities/lippo-malls-indonesia-retail-trust" target="_blank" data-smartkarma-citation="entities:10946" rel="noopener">Lippo Malls Indonesia Retail Trust (LMRT SP)</a> 1Q22 DPU +12.5% YoY; Looking brighter with reversions turning positive</li></ul>

Capitaland Integrated Commercial Trust (CICT SP) 1Q22 Business Updates – Improving retail metrics + robust office reversions = top pickARA US Hospitality Trust (ARAUS SP) 1Q22 Business Updates – Recovery story intact though gearing reaches ~45%Lippo Malls Indonesia Retail Trust (LMRT SP) 1Q22 DPU +12.5% YoY; Looking brighter with reversions turning positive

ASEAN Builder's Scoop (4May22) - CICT Improving Retail + Robust Office Metrics;

<ul><li><a href="https://www.smartkarma.com/entities/ec-world-reit" target="_blank" data-smartkarma-citation="entities:22842" rel="noopener">EC World Reit (ECWREIT SP)</a> 4Q21 DPU +7.7% YoY; Driven largely by absence of DI retention and strengthening RMB</li><li><a href="https://www.smartkarma.com/entities/ara-us-hospitality-trust" target="_blank" data-smartkarma-citation="entities:28048" rel="noopener">ARA US Hospitality Trust (ARAUS SP)</a> 2H21 DPU of US$0.36c declared; Road to recovery continues</li><li><a href="https://www.smartkarma.com/entities/united-hampshire-us-reit" target="_blank" data-smartkarma-citation="entities:28874" rel="noopener">United Hampshire US REIT (UHU SP)</a> 2H21 DPU +0.7% YoY; Portfolio valuation rose 3.7% YoY, divesting of 2 Self Storage properties</li></ul>

EC World Reit (ECWREIT SP) 4Q21 DPU +7.7% YoY; Driven largely by absence of DI retention and strengthening RMBARA US Hospitality Trust (ARAUS SP) 2H21 DPU of US$0.36c declared; Road to recovery continuesUnited Hampshire US REIT (UHU SP) 2H21 DPU +0.7% YoY; Portfolio valuation rose 3.7% YoY, divesting of 2 Self Storage properties

ASEAN Builder's Scoop (24Feb22) - ECWREIT Driven by Absence of DI Retention

Singapore

Acrophyte Hospitality Trust is a hospitality stapled group that invests in income-producing real estate assets, primarily upscale select-service hotels, located in the United States. Its portfolio includes properties franchised under brands like Hyatt Place and Hyatt House. The trust was incorporated on August 29, 2018, and is headquartered in Singapore.

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Acrophyte Hospitality Trust (ARAUS SP)

Singapore’s Hospitality REITs: Sector Outlook Is Positive, With Travel Source Market Recovery

Singapore’s Hospitality REITs’ (S-REITs) demand prospects are largely hinged on tourist arrivals, which have been on a steady revival towards...

Syfe

ASEAN Builder's Scoop (4Aug22) - MUST Hotelisation Trend Emerging

PRIME operations holding up well for now; ARAUS significant recovery in RevPAR; Ascott first lyf brand in Tokyo; CBD office rents up 0.4% QoQ in...

SCCM Asia Research

ASEAN Builder's Scoop (4Jul22) - Ascott Buys Oakwood, Boosting Fee Income

AAREIT may relinquish Alexandra Rd acq; 16 Collyer Quay sold for S$3,617psf; Cuscaden owns ~62% of SPHREIT; ARAUS divests 4 Hyatt Place; FLI starts...

SCCM Asia Research

ASEAN Builder's Scoop (4May22) - CICT Improving Retail + Robust Office Metrics;

ARAUS high gearing despite recovery story intact; LMRT reversions turning positive; ALLHC focuses on cold storage and others; BKK condo mrkt...

SCCM Asia Research

ASEAN Builder's Scoop (24Feb22) - ECWREIT Driven by Absence of DI Retention

ARAUS back to declaring dividend; UHU portfolio valuation rising; LHN another Co-living expansion; RGE buys Tangling SC; HOBEE buys London office;...

SCCM Asia Research

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