In today’s briefing:
- Rising Spotlight on Share Placements
- REIT Watch – Centurion Accommodation REIT debuts with first pure play portfolio of purpose-built worker and student housing assets
- Indonesia Rubber Exports Tread Tough Terrain In June, July
Rising Spotlight on Share Placements
- Institutions were net sellers of Singapore stocks with a net outflow of S$592 million from Sep 19 to 25.
- Food Empire Holdings raised S$42.8 million by placing 17 million treasury shares at S$2.52 each on Sep 24.
- Prime US REIT launched a private placement to raise at least US$25 million, issuing new units at US$0.1935.
REIT Watch – Centurion Accommodation REIT debuts with first pure play portfolio of purpose-built worker and student housing assets
- Centurion Accommodation REIT (CAREIT) launched with a market cap of S$1.51 billion, raising S$771.1 million.
- CAREIT’s initial portfolio includes 14 assets valued at S$1.84 billion, with plans to expand to 15 assets.
- CAREIT projects a distribution yield of 7.47% for FY2026 and 8.11% for FY2027.
Indonesia Rubber Exports Tread Tough Terrain In June, July
- July exports volumes up 2% month-on-month, revenue down by 2%
- Marginal recovery in volume fails to trigger value gains in July
- China continue with declining trend in June and July
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