UOB

This after the Purchasing Manager’s Index showed higher input prices in April 2022.

Domestic retail environment to be supported by further border reopening.

UOB posted the biggest decline at 30%.

Reopening borders and hotel contracts will improve distribution yield.   The distribution yield of Far East Hospitality Trust (FEHT), a real estate investment trust, could improve by 5.7% in 2023, triggered by rapid opening of international borders last month as well as redeployed hotel contracts, investment banking firm, UOB KayHian, said.   In its report, UOB KayHian bared that there are three hotels under government contracts that were redeployed, which will serve business and leisure travellers in the first quarter of 2022 (Q1 2022).   UOB KayHian also reported hotel stability from fixed rents and an unchanged hotel revenue at $14.3m.   However, occupancy for hotels went down 8.2 percentage points, on a yearly basis, to 67.7% in Q1 2022 which stemmed from the ending of government contracts of three hotels, which will be used for isolation purposes. These hotels are Village Hotel Albert Court, Quincy Hotel and Elizabeth Hotel.   To date, FEHT has only three out of its nine hotels on government contracts whilst the remaining three government contracts were extended by two to three months until the middle of 2022.

This is for the Intelligent Mortgage Calculators which is the first of its kind in Malaysia.

Loan fees grew, but credit card and wealth fees recorded declines.

Jardine Cycle & Carriage was at the helm for the second day in a row.

Air traffic data of Changi Airport exceeded the firm’s forecasts.

In Q1, the sector posted an above-estimate growth of 7.1%.

Inflation further accelerated to 5.4% in March.

Genting Singapore had the most growth.

But core businesses are expected to show resilience.

Widespread lockdowns and the Russia-Ukraine war will impact Singapore’s trade exposure.

Keppel DC Reit landed the top spot of the index.

City Developments Ltd logged the most growth at the index. 

The US yield curve—an indicator of recession—has been inverted since 1 April.