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Brokers’ take: Analysts positive on Aims Apac Reit’s prospects; trim targets on lower earnings estimates
ANALYSTS are optimistic on Aims Apac real estate investment trust’s (AA Reit) growth, although its FY2024 distribution per unit (DPU) fell short of expectations. On Wednesday (May 8), both...
Yen’s fragility raises spectre of a new currency war in Asia
AS THE yen plumbs new lows, some investors are pondering an almost unthinkable scenario in a region busy bolstering falling exchange rates – a series of competitive devaluations that...
Asian junk bond sales are hottest in five years on India boom
ASIA’S high-yield US dollar bond sales this year have grown annually for the first time in five years, fuelled by Indian financial companies’ rush to access offshore investors.Regional sales...
Asia: Markets mixed as traders eye rate cuts
ASIAN traders fought to get a recent rally back on course on Thursday following a tepid lead from Wall Street but record performance in Europe highlighted optimism that central...
ARA H-Trust to sell 2 Hyatt House hotels for US$31 million
ARA US Hospitality Trust (ARA H-Trust) has proposed to sell two Hyatt House hotels to a New Jersey-based hotel management company, GHM Properties, for a total consideration of US$31 million,...
Hong Kong woos Saudi money in attempt to revive stock market
HONG Kong is turning to oil-rich Saudi Arabia for new funds to help offset a growing list of challenges facing its stock market. The Saudi Tadawul Group and Hong...
Oil ends slightly firmer after US crude stock draw, firmer dollar
OIL prices edged higher on Wednesday after data showed US crude stockpiles fell last week as refiners slowly ramped up output ahead of the summer driving season, while a...
US: Stocks mixed as earnings season winds down
WALL Street stocks moved in opposite directions on Wednesday, digesting another round of mixed earnings in a quarter that has seen solid but unspectacular corporate results.“I think that companies did a...
