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)

Thematic (Sector/Industry)

<ul><li><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> 1Q22 Business Updates – Robust reversions led by US and AUS portfolio</li><li><a href="https://www.smartkarma.com/entities/lendlease-global-commercial-reit" target="_blank" data-smartkarma-citation="entities:28292" rel="noopener">Lendlease Global Commercial REIT (LREIT SP)</a> 3Q22 Business Updates – A new chapter post successful JEM acquisition fund raising</li><li>ESR-REIT begins to trade today as a merged entity <a href="https://www.smartkarma.com/entities/esr-reit" target="_blank" data-smartkarma-citation="entities:10934" rel="noopener">ESR-REIT (EREIT SP)</a> ESR-LOGOS REIT </li></ul>

Ascendas Real Estate Investment Trust (AREIT SP) 1Q22 Business Updates – Robust reversions led by US and AUS portfolioLendlease Global Commercial REIT (LREIT SP) 3Q22 Business Updates – A new chapter post successful JEM acquisition fund raisingESR-REIT begins to trade today as a merged entity ESR-REIT (EREIT SP) ESR-LOGOS REIT 

ASEAN Builder's Scoop (5May22) - AREIT Robust Reversions Led by US, AUS; LREIT

<ul><li><a href="https://www.smartkarma.com/entities/mapletree-commercial-trust" target="_blank" data-smartkarma-citation="entities:106" rel="noopener">Mapletree Commercial Trust (MCT SP)</a> FY22 DPU +0.4% YoY; Losing growth momentum as reversions flatten</li><li><a href="https://www.smartkarma.com/entities/keppel-reit" target="_blank" data-smartkarma-citation="entities:192" rel="noopener">Keppel REIT (KREIT SP)</a> 1Q22 Business Updates – Riding on higher signing rents</li><li><a href="https://www.smartkarma.com/entities/sabana-industrial-real-estate-investment-trust" target="_blank" data-smartkarma-citation="entities:911" rel="noopener">Sabana Industrial REIT (SSREIT SP)</a> 1Q22 Business Updates – Steady as she goes; Second major AEI plan underway  </li></ul>

Mapletree Commercial Trust (MCT SP) FY22 DPU +0.4% YoY; Losing growth momentum as reversions flattenKeppel REIT (KREIT SP) 1Q22 Business Updates – Riding on higher signing rentsSabana Industrial REIT (SSREIT SP) 1Q22 Business Updates – Steady as she goes; Second major AEI plan underway  

ASEAN Builder's Scoop (21Apr22) - MCT Losing Growth Momentum

<ul><li><a href="https://www.smartkarma.com/entities/lhn-ltd" target="_blank" data-smartkarma-citation="entities:27234" rel="noopener">LHN Ltd (LHN SP)</a> opens 2 new hotels under Co-living Coliwoo brand in Katong; On track to open 3 more by end-2022</li><li>SC Capital Partners launches pan-Asian Data Centre platform, SC Zeus Data Centers</li><li>PropertyGuru FY21 revenue rose 22.7% YoY; Targets FY22 revenue to grow a further +44% YoY</li></ul>

LHN Ltd (LHN SP) opens 2 new hotels under Co-living Coliwoo brand in Katong; On track to open 3 more by end-2022SC Capital Partners launches pan-Asian Data Centre platform, SC Zeus Data CentersPropertyGuru FY21 revenue rose 22.7% YoY; Targets FY22 revenue to grow a further +44% YoY

ASEAN Builder's Scoop (2Mar22) - LHN Opens 2 Co-Living Hotels in Katong Area

<ul><li>SCCM | <a href="https://www.smartkarma.com/entities/lhn-ltd" target="_blank" data-smartkarma-citation="entities:27234" rel="noopener">LHN Ltd (LHN SP)</a> – In-line FY21 results; Co-living to drive growth (BUY; TP SGD0.47/share)</li><li><a href="https://www.smartkarma.com/entities/oxley-holdings-ltd" target="_blank" data-smartkarma-citation="entities:1097" rel="noopener">Oxley Holdings (OHL SP)</a> sets aside up to A$14.3m for troubled Australian units</li><li>Sales for luxury home reaches new record high - Sales volumes of high-end housing have climbed to a new record. </li></ul>

SCCM | LHN Ltd (LHN SP) – In-line FY21 results; Co-living to drive growth (BUY; TP SGD0.47/share)Oxley Holdings (OHL SP) sets aside up to A$14.3m for troubled Australian unitsSales for luxury home reaches new record high - Sales volumes of high-end housing have climbed to a new record. 

ASEAN Builder's Scoop (9Dec21) - LHN Co-Living to Drive Growth (BUY)

<ul><li><a href="https://www.smartkarma.com/entities/lhn-ltd" target="_blank" data-smartkarma-citation="entities:27234" rel="noopener">LHN Ltd (LHN SP)</a> acquires right-of-use Mount Elizabeth property; Further expansion of its Space Optimisation segment</li><li><a href="https://www.smartkarma.com/entities/keppel-reit" target="_blank" data-smartkarma-citation="entities:192" rel="noopener">Keppel REIT (KREIT SP)</a> acquires a freehold Grade-A office building under development in North Sydney; DPU accretive by +3.0%</li><li>Supply chain issues bolstering demand for warehousing during holiday season</li></ul>

LHN Ltd (LHN SP) acquires right-of-use Mount Elizabeth property; Further expansion of its Space Optimisation segmentKeppel REIT (KREIT SP) acquires a freehold Grade-A office building under development in North Sydney; DPU accretive by +3.0%Supply chain issues bolstering demand for warehousing during holiday season

ASEAN Builder's Scoop (30Nov21) - LHN Adds Mount Elizabeth Prop into Co-Living Portfolio

Singapore

LHN is a real estate management services group that specializes in space optimization, property development, facilities management, and energy businesses. The company transforms under-utilized properties into productive spaces, including co-living residences under its Coliwoo brand, and provides integrated facilities management and renewable energy solutions. LHN Group was established in 1991 and is headquartered in Singapore.

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LHN (LHN SP)

ASEAN Builder's Scoop (5May22) - AREIT Robust Reversions Led by US, AUS; LREIT

Merged EREIT starts trading today; LHN 1H22 +ve profit guidance; MEG raises capex for Bacolod townships; MREIT boosted by acquisitions

SCCM Asia Research

ASEAN Builder's Scoop (21Apr22) - MCT Losing Growth Momentum

KREIT riding on higher signing rents; SSREIT second major AEI plan underway; LHN seeks clear indentity with logistics spinoff; FILRT occupancy to...

SCCM Asia Research

ASEAN Builder's Scoop (2Mar22) - LHN Opens 2 Co-Living Hotels in Katong Area

SC Cap Partners launches DC platform; ALI FY21 earnings boosted by property dev't; ORI looks to spin off 3 subs in 2022-24; SPSB plans MYR4bn new...

SCCM Asia Research

ASEAN Builder's Scoop (9Dec21) - LHN Co-Living to Drive Growth (BUY)

LHN Co-Living to drive growth (BUY); OHL sets provision for troubled Pindan Group; Luxury home reaches new record high; Cyberjaya smart city in the...

SCCM Asia Research

ASEAN Builder's Scoop (30Nov21) - LHN Adds Mount Elizabeth Prop into Co-Living Portfolio

LHN adds Mount Elizabeth prop into Co-living portfolio; KREIT buys Sydney office development; MUST enters high-growth cities; Warehouses in high...

SCCM Asia Research

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