And here are 3 ways F&N can grow its profits.
From Yahoo!: The FTSE ST Real Estate Investment Trusts Index has climbed some 10% year-to-date amid a challenging macro-economic environment. But DBS Group Research says strong interests in Singapore REITs is expected to continue, even as the republic’s property market approaches a cyclical bottom. “We expect buying interest for S-REITs will continue in the immediate term, driven by high yield spread of 4.4%, and attractiveness from the continued strength of the Singapore dollar,” says DBS lead analyst Derek Tan in a Monday report. “Outperformance, in our view, will hinge on the S-REIT’s potential to post higher earnings growth – organically or through acquisitions,” he adds.
From PropertyGuru: Bidadari, once known for its cemetery grounds is in the process of being transformed into a new HDB town. It is expected to be fully completed by the end of this decade around 2019 or 2020. Since the first batch of 2,139 built-to-order (BTO) flats were launched in November 2015, the response was well received with over 259 applicants vying for 151 five-room HDB flats, and 399 applications for the 1,229 four-room flats on the first day of the sales launch in that year. Since the launch for the first batch of HDB flats in Bidadari, the subsequent sales launch in November 2016 has also attracted many potential buyers, including those who missed out on the first launch held in the previous year.
From Motley Fool Singapore: Fraser & Neave Holdings Bhd is listed on Bursa Malaysia, the stock exchange of Malaysia, and it is an important subsidiary of the Singapore-listed Fraser and Neave Limited. In the 12 months ended 30 September 2016, the former accounted for around three-quarters of the latter’s profit after tax. The Malaysian company, which is a major player in Malaysia’s beverages and dairy products market, has grown its net profit by a respectable 10.4% per year from its FY2006 (fiscal year ended 30 September 2006) to FY2016. But, can Fraser & Neave Holdings continue growing in the future? I think it can. And, here are the three different ways the company can do so.
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