Asia Real Estate News Tracker, Asia Real Estate Tracker

Asia Real Estate Tracker

Asia Real Estate News Tracker

Tracking developments across Asia's regional real estate markets

Thematic (Sector/Industry)

<ul><li>Brookfield has acquired an 11-hectare former Ford site in Melbourne for an industrial estate development.</li><li>Blackstone has appointed Levine and Cutaia as co-heads of real estate following Meghji's departure.</li><li>Centurion plans to acquire a $53 million worker dormitory in Johor, boosting its capacity in Malaysia by 22%.</li></ul>

Brookfield has acquired an 11-hectare former Ford site in Melbourne for an industrial estate development.Blackstone has appointed Levine and Cutaia as co-heads of real estate following Meghji's departure.Centurion plans to acquire a $53 million worker dormitory in Johor, boosting its capacity in Malaysia by 22%.

Asia Real Estate Tracker (10-Sep-2026): Brookfield acquires 11-hectare Melbourne industrial site.

Singapore Market Roundup, Singapore Market Roundup

Singapore Market Roundup

<ul><li>UOB Kay Hian raises Digital Core REIT TP to 99 US cents, highlighting positive developments in the company.</li><li>UOB Kay Hian maintains 'buy' rating on SingPost, stating that divestments are progressing as planned.</li><li>DBS notes that despite a soft Singapore retail sector, premium groceries have long-term potential for growth. UOB Kay Hian also reveals top Malaysian stock picks in property, construction, and energy sectors.</li></ul>

UOB Kay Hian raises Digital Core REIT TP to 99 US cents, highlighting positive developments in the company.UOB Kay Hian maintains 'buy' rating on SingPost, stating that divestments are progressing as planned.DBS notes that despite a soft Singapore retail sector, premium groceries have long-term potential for growth. UOB Kay Hian also reveals top Malaysian stock picks in property, construction, and energy sectors.

Singapore Market Roundup (09-Jan-2025): UOB Kay Hian raises Digital Core REIT TP to 99 US cents.

<ul><li>Despite softness in Singapore retail, DBS remains optimistic about premium groceries, focusing on that market.</li><li>UOB Kay Hian's top Malaysian stock picks include JS-SEZ, benefiting from property, construction, and energy sectors.</li><li>DBS raises ratings for PropNex &amp; APAC Realty to 'buy', citing a strong new launch pipeline in 2025, and sold SingPost shares.</li></ul>

Despite softness in Singapore retail, DBS remains optimistic about premium groceries, focusing on that market.UOB Kay Hian's top Malaysian stock picks include JS-SEZ, benefiting from property, construction, and energy sectors.DBS raises ratings for PropNex &amp; APAC Realty to 'buy', citing a strong new launch pipeline in 2025, and sold SingPost shares.

Singapore Market Roundup (08-Jan-2025): DBS cautious on SG retail, bullish on premium groceries.

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

SCCM Asia Research

Research from SooChow CSSD Capital Markets (Asia)

<h2>Singapore</h2><p>SREITs results in a glance (see detailed spreadsheet and calendar attached)</p><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/236/273/original/image_54776601321634694560432.png?1634694565" class="editor-image img-responsive" data-smartkarma-image-id="236273"></figure><ul><li><h3></h3><a href="https://www.smartkarma.com/entities/ascendas-real-estate-investment-trust" target="_blank" data-smartkarma-citation="entities:39" rel="noopener">Ascendas Real Estate Investment Trust (AREIT SP)</a> 3Q21 Business Updates; Robust reversions while on virtuous cycle of inorganic growth (BUY; TP S$3.55/unit)</li><li>3Q21 revenue, NPI and DPU were undisclosed. AREIT has completed the development of the Grab Headquarters, with a total development cost of S$184.6m. Divestment of two Australian logistics properties has also been completed at a price of S$104.5m (AUD101.6m)</li></ul>

SingaporeSREITs results in a glance (see detailed spreadsheet and calendar attached)Ascendas Real Estate Investment Trust (AREIT SP) 3Q21 Business Updates; Robust reversions while on virtuous cycle of inorganic growth (BUY; TP S$3.55/unit)3Q21 revenue, NPI and DPU were undisclosed. AREIT has completed the development of the Grab Headquarters, with a total development cost of S$184.6m. Divestment of two Australian logistics properties has also been completed at a price of S$104.5m (AUD101.6m)

External broker reports(aggregated public sources), Public Investment Bank Bhd

Public Investment Bank Bhd

External broker reports(aggregated public sources)

Public Investment Bank Berhad provides investment banking services. The Company offers corporate finance, banking, securities financing, capital market, treasury, and advisory services.

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>Gamuda 3QFY23 core net profit advanced 54.1% QoQ, supported by its engineering &amp; construction division predominantly.</li><li>Its core division registered &gt;100% growth QoQ due to progressive billings from its Australia and Taiwan on-going construction projects.</li><li>We deem 3QFY23 core net profit as broadly in-line with ours and street estimates, accounting for 71.5% and 76.4% respectively. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Gamuda 3QFY23 core net profit advanced 54.1% QoQ, supported by its engineering &amp; construction division predominantly.Its core division registered &gt;100% growth QoQ due to progressive billings from its Australia and Taiwan on-going construction projects.We deem 3QFY23 core net profit as broadly in-line with ours and street estimates, accounting for 71.5% and 76.4% respectively. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Gamuda Berhad  - Within Expectations, PSI Takes Off

Malaysia

Gamuda Berhad is an investment holding and civil engineering construction company. Through its subsidiaries, the Company provides earthwork construction, manufactures and supplies road surfacing materials, and operates quarry and road laying projects. Gamuda also has operation in hiring and rental of plant and machinery, develops properties, and manufactures and sells paper.

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Gamuda Bhd (GAM MK)

Asia Real Estate Tracker (10-Sep-2026): Brookfield acquires 11-hectare Melbourne industrial site.

Brookfield acquires a former Ford site in Melbourne for an industrial estate, while Blackstone promotes Levine and Cutaia; Centurion buys a $53M...

Asia Real Estate Tracker

Singapore Market Roundup (09-Jan-2025): UOB Kay Hian raises Digital Core REIT TP to 99 US cents.

UOB Kay Hian raises Digital Core REIT TP, maintains 'buy' on SingPost, highlights potential in premium groceries; DBS notes soft retail sector and...

Singapore Market Roundup

Singapore Market Roundup (08-Jan-2025): DBS cautious on SG retail, bullish on premium groceries.

DBS remains optimistic about premium groceries despite softness in Singapore retail, UOB Kay Hian recommends JS-SEZ for property, construction, and...

Singapore Market Roundup

ASEAN Builder's Scoop (20Oct21)

AREIT robust reversions, on virtuous growth cycle; IWG opens 16th Co-working centre; Ann Siang House pivots to rental business; SWB revised FY21...

SCCM Asia Research

Gamuda Berhad - Within Expectations, PSI Takes Off

Gamuda 3QFY23 core net profit advanced 54.1% QoQ, supported by its engineering & construction division predominantly.

Public Investment Bank Bhd

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