Daily BriefsSingapore

Daily Brief Singapore: CDL Hospitality Trusts, Raffles Medical Group and more

In today’s briefing:

  • REIT Watch – Mixed 1H 2025 performance, but Hospitality S-REITs push ahead with portfolio reconstitution and diversification
  • iFAST Books S$50M Net Institutional Inflow 5 Five sessions


REIT Watch – Mixed 1H 2025 performance, but Hospitality S-REITs push ahead with portfolio reconstitution and diversification

By Geoff Howie

  • CapitaLand Ascott Trust’s 1H 2025 revenue rose 3% to S$398.5 million, with gross profit up 6% to S$182.5 million.
  • Far East Hospitality Trust’s 1H 2025 gross revenue declined 4.2% to S$51.6 million, with NPI falling 7.7% to S$45.6 million.
  • CDL Hospitality Trusts’ NPI fell 11.9% to S$58.6 million, with total distribution after retention declining 20.2% to S$25.1 million.

iFAST Books S$50M Net Institutional Inflow 5 Five sessions

By Geoff Howie

  • Institutions were net sellers of Singapore stocks with a S$351 million outflow, reversing the prior S$334 million inflow.
  • iFAST Corporation saw S$50.3 million net institutional inflow, reversing its year-to-date outflow to S$42.9 million inflow.
  • Raffles Medical and Keppel led share buybacks, with Raffles purchasing 3.3 million shares and Keppel announcing a S$500 million program.

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