$CITY DEVELOPMENTS LIMITED(C09.SI)$$UOL GROUP LIMITED(U14.SI)$$FAR EAST HOSPITALITY TRUST(Q5T.SI)$Singapore hotel occupancy, RevPAR recover to pre-Covid-19 levels in Nov as international arrivals reach year-round high1. THE Singapore hotel sector has recorded its highest occupancy rates and revenue per available room (RevPAR) since the Covid-19 pandemic decimated the tourism industry.2. That's as the Republic welcomed 41,140 visitors in November, nearly double the 23,980 seen in the month before, the latest figures from the Singapore Tourism Board (STB) showed.3. November's tourist arrivals were up from 14,750 in the year-ago period, and also the highest seen in 202
$RAFFLES MEDICAL GROUP LTD(BSL.SI)$Raffles Hospital partners South Korea hospital to launch 'travel medicine pass'TRAVELLERS between Singapore and South Korea can now sign up for a "travel medicine pass" which gives them access to a comprehensive suite of medical services including pre-departure and on-arrival Covid-19 tests from Raffles Hospital and Myongji Hospital.The partnership between Raffles Hospital - a wholly owned subsidiary of Raffles Medical Group Raffles Medical: BSL -1.5% - and South Korea's Myongji Hospital was launched to "create a safe and seamless international travel experience", said Loo Choon Yong, executive chairman of Raffles Medical Group in a press statement on Monday (Dec 13).Pass holders will get to enjoy priority access
$PROPNEX LIMITED(OYY.SI)$PropNex’s 3Q21 earnings more than doubles to $14.4 mil1. Real estate agency PropNex has reported earnings of $14.4 million for the 3QFY2021 ended September, 2.1 times higher than the $6.76 million recorded the previous year.2. The higher earnings come on the back of higher revenue, which surged 98.8% y–o-y to $234.41 million for the 3Q. Revenue was mainly driven by higher commission income from agency services of around $67.5 million and from project marketing services of approximately $48.9 million, as a result of the recovering economy which lead to higher transactions completed.3. Nonetheless, the group is projecting a total of close to 13,000 private new homes (excluding executive condominiums) and over 18,000 private r
$DBS GROUP HOLDINGS LTD(D05.SI)$DBS reports 31% higher net profit of $1.70 bil in 3QFY21; declares quarterly dividend of 33 cents1. DBS Group Holdings has reported net profit of $1.70 billion for the 3QFY2021 ended September, 31% higher than net profit of $1.30 billion in the same period the year before.2. In a bourse filing on Nov 5, the bank also reported that total income during the quarter dipped 0.45% y-o-y to $3.56 billion, from the $3.58 billion in the 3QFY2020.3. For the 3QFY2021, DBS has declared a quarterly dividend of 33 cents per share, unchanged from the previous quarter, and higher than the 18 cents declared in the 3QFY2020.
$DELFI LIMITED(P34.SI)$Delfi positioning for growth beyond the pandemic: CGS-CIMBCGS-CIMB analyst Tay Wee Kuang has reiterated his “add” rating for Delfi with an unchanged target price of $1.02 following a recent non-deal roadshow meeting with the company.In a Sept 28 research note, Tay highlights that Delfi’s management shared its concerns on short-term uncertainties facing the company in light of the ongoing Covid-19 situation. Lower footfall at supermarkets and hypermarkets due to restrictions have resulted in lower chocolate confectionery sales.Delfi's recovery continues to be affected, as the Covid-19 situation in key operating markets like Indonesia and the Philippines remains uncertain following a resurgence of cases as well as low vaccinati
$RAFFLES MEDICAL GROUP LTD(BSL.SI)$Raffles Medical Crashed 10% in Two Days: Should Investors Buy the Dip?The integrated healthcare provider saw its share price plunge this week. Should investors bite?Raffles Medical Group (SGX: BSL), or RMG, witnessed a sharp turn in fortunes this year.The integrated healthcare provider, which owns and operates its flagship Raffles Hospital in North Bridge Road, reported a sparkling set of earnings for its fiscal 2021 first half (1H2021).Revenue surged by 42.4% year on year to S$343.8 million as the group supported the government in its COVID-19 vaccination and Polymerase Chain Reaction (PCR) swab test initiatives.Net profit more than doubled year on year to S$39.4 million.In contrast, 1H2020 saw a 5.4% year on yea
$CACHE LOGISTICS TRUST(K2LU.SI)$ESR-Reit, ARA Logos propose S$1.4b merger1. THE managers of ESR-Reit ESR-REIT: J91U 0% and ARA Logos Logistics Trust (ARA Logos) ARA LOGOS Log Tr: K2LU 0% have proposed a S$1.4 billion merger, where ESR-Reit will acquire all of ARA Logos' units in exchange for a combination of cash and new units.2. The proposed merger, which will result in the merged entity being named ESR-Logos Reit, will be effected by way of a trust scheme of arrangement. ARA Logos unitholders will receive a scheme consideration of S$0.95 per ARA Logos unit - comprising S$0.095 in cash and 1.6765 new ESR-Reit units, to be issued at S$0.51 apiece.3. For illustrative purposes, this means an ARA Logos unitholder will receive S$95 in cash and 1,676 u
$SINGTEL(Z74.SI)$Reliefs for telco sector in India a boon for Airtel, says Singtel CFO1. BHARTI Airtel, Singtel’s Singtel: Z74 +0.42% joint-venture company, will now be in a better cash flow position to take advantage of emerging trends such as 5G and the home broadband market in India, said the group's chief financial officer Arthur Lang on Thursday.2. This comes after the country's federal Cabinet approved a telecoms sector relief package on Wednesday. The package includes a redefinition of the adjusted gross revenue (AGR) to count only telecoms revenue, significantly reducing the amount of AGR payments from telcos to the government going forward.3. Still, Mr Lang called the news a "game-changer" and said that the move frees up a "tremendous" amo
$Lion-OCBC Sec HSTECH S$(HST.SI)$need to break out of falling wedge first then break out of inverse head n shoulders. this will signify the end of the downtrend.
$SINGTEL(Z74.SI)$Singtel : Finally turning aroundBUY Entry – 2.38 Target –2.60 Stop Loss – 2.28Singtel provides an extensive range of telecommunications and digital services to consumers and businesses across Asia, Australia, Africa and the US. It serves over 753 million mobile customers in 21 countries, including Singapore, Australia (via wholly-owned subsidiary Singtel Optus) and the emerging markets of India, Indonesia, the Philippines, Thailand and Africa. Five years of underperformance. Shares of Singtel have lost almost 50% from their 10-year peak of S$4.57 that they traded at in April 2015. The underperformance was due to the sequential underlying earnings decline over the past four years, mainly because of the drag from Bharti Airtel, its I