Listed on the Singapore Exchange on 12 December 2014, Keppel DC REIT (SGX:AJBU) is Asia’s first pure-play data centre REIT. As the name suggests, it invests in properties used for data centre purposes. On top of that, it also invest in real estate and assets necessary to support the digital economy. Currently, its portfolio comprises 23 data centres strategically located in key data centre hubs in 13 cities in 9 countries across Asia Pacific and Europe. One concern surrounding Keppel DC REIT at the moment is tenant default at its Guangdong Data Centre, to which it has made loss allowances for ..read more

ESCO Technologies Inc. (NYSE:ESE) is a US-listed company that specialises in providing advanced technology solutions for the defence, aerospace, space, wireless, consumer electronics, healthcare, automotive, electric utility, and renewable energy industries. Image Source: ESCO Technologies’ Official Website – https://www.escotechnologies.com As you can see from the screenshot of the company’s website above, it reports its revenue under 3 business segments (I try to explain what each business segment do as layman as I can): (i) Aerospace & Defence (or A&D for short) – with 7 facilitie ..read more

Formed in 1932 from the merger of 3 local banks, Oversea-Chinese Banking Corporation Limited (SGX:O39), or OCBC for short, is the longest established bank in Singapore. It is also the 2nd largest financial services group in Southeast Asia by assets. The Singapore bank is one of the world’s most highly-rated banks, where it was given a credit rating of Aa1 by Moody’s and AA- by both Fitch and S&P. OCBC’s key markets are in Singapore, Malaysia, Indonesia, as well as in Greater China, where it offers a broad array of commercial banking, specialist financial and wealth management services, ra ..read more

Do you know? CapitaLand Integrated Commercial Trust (SGX:C38U) is the first and largest REIT listed on the Singapore Exchange with a market capitalisation of S$13.7 billion as at 31 December 2023. The REIT was first listed as CapitaLand Mall Trust back in July 2002, where it was just a pure-play retail mall REIT, before its merger with CapitaLand Commercial Trust, which invests in office properties in Singapore and Germany. Subsequently, its name was changed to CapitaLand Integrated Commercial Trust, or CICT for short, in November 2020. Currently, CapitaLand Integrated Commercial Trust’s port ..read more

What is the first thing that comes to mind when I mention about Suntec REIT (SGX:T82U)? That’s right, it is the REIT’s namesake retail mall, office buildings, and convention centre. On top of that, the REIT also has the following properties in Singapore: One-third interest in One Raffles Quay, Marina Bay Financial Centre Towers 1 and 2, and the Marina Bay Link Mall. Outside of Singapore, the REIT has investments in commercial properties in Australia (177 Pacific Highway and 21 Harris Street in Sydney, 50.0% interest in Southgate Complex and 50.0% interest in Olderfleet, 477 Collins Street in ..read more

The proliferation of artificial intelligence/machine learning (often abbreviated as AI/ML) has brought about a boost in demand for data centre spaces. For Singaporean investors who like to tap onto this growing trend, there are 2 REITs that invest purely in data centres you can have a look at – one is Keppel DC REIT (SGX:AJBU) which I am invested in and my post today focuses on the REIT, and the other is Digital Core REIT (SGX:DCRU). Listed on the Singapore Exchange on 12 December 2014 as the first pure-play data centre REIT in Asia, it invests in a diversified portfolio of income-producing r ..read more

Operating through its head office in Singapore, and banking subsidiaries in China, Indonesia, Malaysia, Thailand, and Vietnam, United Overseas Bank Limited (SGX:U11), or UOB for short, has a global network of about 500 branches and offices in 19 countries and territories in Asia Pacific (194 in Thailand, 133 in Indonesia, 65 in Singapore, 58 in Malaysia, 20 in China, 7 in Vietnam, 2 in Brunei, Hong Kong, India, Japan, Myanmar, and Taiwan, and 1 in Australia, South Korea, and the Philippines), Europe (1 in France and in the United Kingdom), and North America (3 in Canada, and in the United Sta ..read more

Founded since 1963, CVS Health Corporation (NYSE:CVS) is one of the largest integrated pharmacy and health care service providers in the United States. It is also included in the S&P 500 Index since 16 March 2015 – so in a way, it is one of the ‘blue chip’ companies in the country. Photo by Melany @ tuinfosalud.com on Unsplash The company’s 3 primary businesses are as follows: (i) Health Care Benefits – it offers a broad range of traditional, voluntary, and customer-directed health insurance products and related services, serving more than 35 million people currently; (ii) Pharmacy Servi ..read more

What is the first thing that comes to mind when it comes to investing in China? For most, they will choose to stay out of it at this point in time, due to multiple headwinds that the country is facing – including the ongoing property crisis (where property giants like China Evergrande and Country Garden have fallen from grace and now deeply entrenched in a huge debt crisis), high levels of urban youth unemployment (where the percentage of those between 16 and 24 who are unemployed rose to 21% as at May 2023, up from 15.4% 2 years earlier, as reported by CNBC), local government debt woes (wher ..read more

EC World REIT (SGX:BWCU) is a e-commerce and port logistics REIT where all of its 6 properties are located in China. The REIT is caught in all sorts of trouble at the moment. Just a quick recap to get you up to speed: Trading of the REIT has been halted at the request of the management since 31 August 2023 (who cited “preserving value” as the reason). This comes after tenants failed to meet their lease obligations, leaving the REIT with cash flow issues and unable to make its interest payments. As at the time of writing, defaulted lease payments have yet to be recouped, as the Sponsor and th ..read more