27 October 2020

THE BUSINESS TIMES - Find latest business and financial news including analysis and opinion on top business stories, stock markets in Singapore, Asia-Pacific and global market news and more at The Business Times.

• MIT's DPU down 1.0% for Q2; rental reliefs to hit FY20/21 distributable income

  THE distribution per unit (DPU) of Mapletree Industrial Trust (MIT) fell to 3.10 Singapore cents for the second quarter ended Sept 30, from 3.13 cents a year ago.

• Four strata office units in Paya Lebar Square up for sale with S$23.5m guide price

  FOUR adjoining strata office units located on the ninth storey of Paya Lebar Square have been put up for sale with a guide price of S$23.5 million.

• JTC, URA launch land plots at Farrer Park, Sembawang, Tampines

  THE Urban Redevelopment Authority (URA) on Tuesday launched a residential with commercial site for tender, while JTC launched two industrial land plots - one via tender and another for application.

• Brokers' take: Ascendas Reit upgraded to 'add', analysts note strong fundamentals

  ANALYSTS like Ascendas Real Estate Investment Trust (A-Reit) for its robust balance sheet, diversified portfolio and tenant base, and its better portfolio occupancy achieved in the third quarter.

• Hot stock: Aspen shares surge 13.6% on plans to transfer to mainboard

  SHARES of Catalist-listed Aspen (Group) Holdings jumped 13.6 per cent after the Malaysian property developer and soon-to-be glove maker announced plans to transfer its listing to the Singapore Exchange's (SGX) mainboard.

• AIMS Apac Reit cuts Q2 DPU by 20% on lower net property income

  AIMS Apac Reit's distribution per unit (DPU) fell by 20 per cent to two Singapore cents for its second quarter ended Sept 30, from 2.5 cents a year ago.

• More hotels jumping on staycation wagon

  HOTELS shifting their focus to staycation packages are hoping that the year-end peak season and the gradual easing of restrictions would allow them to better ride through their biggest crisis in recent history.