Singapore Stock Market News

Ascott Residence Trust - Australian inroads

StockFanatic
Publish date: Sun, 26 Oct 2014, 06:28 PM
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Welcome to Stockfanatic Singapore stock market and regional market news. This is a platform to share Singapore stock market and regional news to investors / man in the street. Investors can also look forward to analyst reports and brokers recommendations. Stockfanatic's Singapore stock market and regional news blog, home of investors one stop news station.
• Acquires three Quest-operated serviced residences in Greater Sydney for A$83m (S$93m)

• 0.2-0.3% increase to FY15-16F DPU, acquisition funded by recent issue of perpetual securities

• Strategic partnership between Quest and ART's sponsor provides additional acquisition pipeline

Maintain BUY, TP revised to S$1.40
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