In today’s briefing:
- Kerala Rubber Farmers In Long Drawn Price Tussle With Tire Industry
- REIT Watch – Data Centre S-REITs report growth in latest results
- Marco Polo Marine CEO increases stake; ESR REIT buys back 5 million units
- Recent Market Highlights in the Real Estate Value Chain
- Accounting Quality Is an Indicator of Stock Performance
Kerala Rubber Farmers In Long Drawn Price Tussle With Tire Industry
- Smallholders keep inventories as tire makers make guarded purchases
- Wintering over, next season may start by March end
- Indian Government ups Budget allocation for Rubber Board
REIT Watch – Data Centre S-REITs report growth in latest results
- Keppel DC REIT’s FY2024 net property income rose 6.3% to S$260.3 million, with DPU increasing 0.7% to S$0.09451.
- Digital Core REIT’s FY2024 distributable income rose 10.9% to US$46.0 million, driven by robust cloud and AI demand.
- Mapletree Industrial Trust’s third-quarter FY2024 DPU increased 1.5%, with growth from Osaka Data Centre and Tokyo facility acquisition.
Marco Polo Marine CEO increases stake; ESR REIT buys back 5 million units
- Institutions were net buyers of Singapore stocks, with a net inflow of S$63 million from Feb 7 to Feb 13.
- Singapore Telecommunications saw a net institutional inflow of S$112 million, linked to a S$643 million green loan.
- Marco Polo Marine’s CEO increased his stake to 4.80% after acquiring 500,000 shares at S$0.054 each.
Recent Market Highlights in the Real Estate Value Chain
- Singapore’s real estate sector grew 3.5% YoY in 4Q24, with a 0.2% expansion for the year 2024.
- Hongkong Land aims to double profits and AUM to US$100 billion by 2035, focusing on ultra-premium properties.
- Tuan Sing, Wee Hur, LHN, PropNex, and Centurion Corporation saw significant ADT growth over the past seven weeks.
Accounting Quality Is an Indicator of Stock Performance
- Account manipulation activity always negatively impacts future earnings, and therefore stock returns.
- Research by Transparently.ai clearly indicates a strong link between accounting quality and stock performance
- Difference in future 12-month returns between decile for lowest accounting risk companies and that for highest risk is almost 30%
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