Shares & Derivatives
5 Things To Note From Ascendas REIT’s Latest Business Update
By The Smart Investor  •  November 3, 2020
In recent years, Singapore Exchange Limited (SGX: S68), or SGX, has struggled to attract IPOs, especially from exciting technology companies that are booming despite the COVID-19 pandemic. Hence, it is no surprise that the Straits Times Index (SGX: ^STI), which contains the 30 biggest listed companies in Singapore, is down around 24% year to date. More than half of the index weightage is from bank and real estate stocks, which have experienced a dismal 2020 thus far. Ascendas REIT (SGX: A17U) is the largest real estate investment trust (REIT) listed on the SGX, and forms 4.1% of the STI. The industrial REIT is trading at S$2.93 per unit as of this Monday, down about 20% from its 52-week high of S$3.65. As the REIT is one of the larger components of the STI, investors will be watching its performance closely over the next few months. Ascendas REIT recently published a business update for the quarter ended 30 September 2020, and here are five key points to note....
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By The Smart Investor
The Smart Investor is co-founded by David Kuo, Joanna Sng, and Chin Hui Leong. The company was formed in late 2019 from the ashes of the Motley Fool Singapore. The Smart Investor believes that everybody can learn how to invest, smartly. We aim to educate people on how to invest smartly by providing investing education, stock commentary and market coverage for Singapore and around the world.
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