SINGAPORE: The search for reliable stocks that can weather the stock market’s ups and downs can feel overwhelming, particularly for those new to investing.
Fee income soared by 23%, reaching S$1 billion, boosting the bank’s total income to S$5.6 billion, up by 13% from the previous year. In the first half of fiscal 2024, its revenue saw a modest uptick of 3.6% year-on-year, reaching S$592.2 million, while adjusted net profit surged by 6.2% to hit S$251.4 million.
Additionally, the recent inclusion of five new Singapore Depository Receipts further expands the horizons for investors seeking exposure to the Thai stock market.Frasers Centrepoint Trust stands out in the retail sector with its nine retail malls and office building portfolio. As of 31 March 2024, the REIT’s assets under management amounted to approximately S$7.1 billion.Gross revenue declined by 7.2% year on year to S$172.2 million.
Rental reversion stayed positive at 7.5% for the first half of fiscal year 2024. Additionally, there were year-on-year improvements in shopper traffic and tenant sales during the second quarter of fiscal year 2024.CapitaLand Ascendas REIT, or CLAR, is a veteran of Singapore’s industrial real estate scene. With a portfolio encompassing 227 industrial properties, CLAR commands an impressive asset under management figure of S$16.9 billion.
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Source: IndependentSG - 🏆 9. / 63 Read more »