In today’s briefing:
- iFAST Chief Lim Chung Chun Ups Shareholding
- REIT Watch – Retail S-REITs see lower cost of debt and positive rental reversions as retail sales improve
iFAST Chief Lim Chung Chun Ups Shareholding
- Institutions were net buyers of Singapore stocks with a S$33 million inflow, reversing a prior S$53 million outflow.
- United Overseas Bank led share buybacks with S$54.7 million total consideration, purchasing 500,000 shares at S$35.30 each.
- iFAST Corporation’s 1HFY25 profit before tax rose 32.7% to S$50.4 million, driven by iGB’s profitability.
REIT Watch – Retail S-REITs see lower cost of debt and positive rental reversions as retail sales improve
- CICT’s DPU rose 3.5% to 5.62 cents, with leverage and debt costs reduced to 37.9% and 3.4%.
- FCT’s committed occupancy reached 99.9%, with tenant sales up 4.4% and leverage increased to 40.4%.
- Suntec REIT’s Gross Revenue and NPI grew 3.3% and 5.6%, with DPU increasing 3.7% to 3.155 cents.
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