SG Morning Highlights: S-Reits - shelter from the storm in H1 2022

Good morning mooers! Here are things you need to know about today's Singapore:

●Singapore shares opened higher on Monday; STI up 0.36%

●S-Reits - shelter from the storm in H1 2022

●Stocks & REITs to watch: CLI, Aims Apac Reit, Union Gas, Creative, Kim Heng

●Latest share buy back transactions

-moomoo News SG

Market Trend

Singapore shares opened higher on Monday. The FTSE Singapore Sea Index (.STI.SG) $ rose 0.36 per cent to 3,106.66 as at 9.09 am.

Advancers / Decliners is 84 to 44, with 50.84 million securities worth S$120.05 million changing hands.

Breaking News

S-Reits - shelter from the storm in H1 2022

The iEdge S-Reit Index held resilient for the first half of 2022, generating flat total returns compared to the FTSE EPRA Nareit Developed Index (a benchmark for global Reits) which declined 18 per cent.During the period, the S-Reits and property trusts sector in Singapore saw S$359 million of net institutional outflows and S$447 million of net retail inflows.Hospitality was the best performing sub-segment in H1 2022. The 5 hospitality trusts averaged 17 per cent total returns and garnered S$62 million of net institutional inflows.

Stocks & REITs to Watch

$CapitaLandInvest(9CI.SG)$ : Capitailand Investment (CLI) on Monday (Jul 4) announced its wholly-owned lodging business unit The Ascott is acquiring serviced apartment provider Oakwood Worldwide from Mapletree Investments.While the purchase consideration was not disclosed, CLI estimates the transaction will add some 81 properties and about 15,000 units to Ascott's global portfolio.About 8,500 of Oakwood's operational units are expected to immediately contribute to Ascott's recurring fee income streams upon the acquisition's slated completion in Q3 2022.

$AIMS APAC Reit(O5RU.SG)$ : AIMS Apac Reit's manager announced on Monday (Jul 4) in a bourse filing that its plan to acquire the property along 315 Alexandra Road — Sime Darby Business Centre — has fallen through.Both the purchaser and vendor will not be going through with the deal as “renegotiation of the principal terms and conditions of the acquisition were not concluded”, said the real estate investment trust’s (Reit) manager, hence necessary regulatory approvals were not obtained by the target date of Jul 1.

$Union Gas(1F2.SG)$ :Union Gas Holdings has agreed to further extend the maturity date for S$1 million worth of convertible bonds issued by ADERA AI, as the latter is in the process of undergoing a public offering and listing on “certain stock exchanges”.In a bourse filing late on Friday (Jul 1), Union Gas said the maturity date of the bond has been further extended by 3 months to Sept 30, 2022, but did not indicate which exchange ADERA AI is seeking to list on.

$Creative(C76.SG)$ : Creative announced Friday (Jul 1) that it expects its revenue for the second half ended June to fall below target to around US$27 million.The company said H2 FY2022 revenue was negatively impacted by the "uncertain economic conditions resulting from unexpected global events".

$Kim Heng(5G2.SG)$ : Offshoremarine services contractor Kim Heng announced on Friday (Jul 1) that wholly owned subsidiary Adira Renewables has entered into a non-binding memorandum of understanding (MOU) involving offshore windfarm cable laying installation projects.Under the MOU, the Kim Heng unit will cooperate with Crowley Wind Services on the installation projects across the east coast of the US.

Latest Share Buy Back Transactions