SPH Real Estate Investment Trust (REIT) has the lowest gearing level of 25.7% among the 27 Singapore-listed REITs and six stapled trusts in the March quarter, a Singapore Exchange survey shows.
Mapletree Industrial Trust, Frasers Centrepoint Trust, CapitaLand Retail China and BHG Retail REIT all have gearing levels of below 30%.
UOB Kay Hian is keeping its “buy” call on ST Engineering with a $3.50 target price. The research house cites the “leadership” role the engineering service provider. The recent trial contract win for amphibious combat vehicles from the US Marines could further pave the way for more orders, boosting growth, it says. UOB also notes the company's capabilities in data analytics and cybersecurity which should eventually drive earnings growth compared with other industrials.
UOB Kay Hian has maintained its “buy” recommendation for Raffles Medical Group with an unchanged target price of $1.70. Here are the 5 reasons UOB Kay Hian believes Raffles Medical is “setting the stage for long-term growth”:
1) Priming for the big launch through acquisitions
2) Shanghai hospital project on track
3) Ensuring quality through group practice model
4) Continued growth at home market
5) Staff costs to remain elevated but not surprising
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