Daily BriefsSingapore

Daily Brief Singapore: First REIT, Ho Bee Land Ltd, SGX Rubber Future TSR20, Yanlord Land and more

In today’s briefing:

  • REIT Watch – Healthcare S-REITs outperform broader S-REIT market and sub-segments year to date
  • Directors in Developers & Maritime Stocks Elevating Interests
  • Indian Tire Majors Launch ‘iSPEED’ To Empower 2 Lakh Rubber Smallholders
  • Lucror Analytics – Morning Views Asia


REIT Watch – Healthcare S-REITs outperform broader S-REIT market and sub-segments year to date

By Geoff Howie

  • Healthcare S-REITs achieved a 6.2% average total return in 2025, with S$17.6 million net institutional inflows year-to-date.
  • ParkwayLife REIT’s 1Q25 gross revenue rose 7.3% to S$39.0 million, with a 9.1% increase in distributable income.
  • First REIT’s 1Q25 rental income declined 2.8% to S$25.4 million, with a 40.7% gearing ratio and no refinancing until May 2026.

Directors in Developers & Maritime Stocks Elevating Interests

By Geoff Howie

  • Institutions were net sellers of Singapore stocks from May 9 to May 15, with a net outflow of S$55 million.
  • Director transactions included acquisitions by executives in companies like Ho Bee Land, Wing Tai Holdings, and Federal International (2000).
  • Marco Polo Marine’s revenue for 1HFY25 was S$52.7 million, with a gross margin improvement to 41.3 per cent.

Indian Tire Majors Launch ‘iSPEED’ To Empower 2 Lakh Rubber Smallholders

By Vinod Nedumudy

  • US$16.9 mn initiative to enhance productivity and quality in Northeast  
  • Stress on sheet-making infrastructure to fetch better price for farmers  
  • INROAD creates over 136,000 new smallholders in the Northeast  

Lucror Analytics – Morning Views Asia

By Leonard Law, CFA

  • In today’s Morning Views publication we comment on developments of the following high yield issuers: Yanlord Land
  • On Friday, Moody’s downgraded the US sovereign rating to Aa1 (stable) from Aaa (negative). The downgrade reflects the increase in US government debt and interest payment ratios for more than a decade to levels significantly higher than similarly rated sovereigns, according to the agency.
  • Moody’s does not believe that current fiscal proposals under consideration will lead to material multi-year reductions in spending and deficits.

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