|Bid||2.9600 x 0|
|Ask||2.9700 x 0|
|Day's range||2.9500 - 2.9800|
|52-week range||2.4500 - 2.9900|
|Beta (3Y monthly)||0.70|
|PE ratio (TTM)||18.40|
|Earnings date||29 Apr 2019|
|Forward dividend & yield||0.01 (0.44%)|
|1y target est||2.79|
Ascendas Hospitality Trust and Ascott Residence Trust are being urged to join the wave of consolidation starting to sweep the industry.
Ride-hailing firm Grab has signed a deal with business park landlord Ascendas Real Estate Investment Trust for a new Singapore headquarters to accommodate the start-up's growing team under one roof. The S$181.2 million ($134.5 million) headquarters will be built by Ascendas REIT and will be ready by the fourth quarter of 2020. The building will house all Grab employees based in Singapore and consolidate its current offices.
Singapore's CapitaLand is forking out S$6 billion ($4.4 billion) to scoop up logistics and industrial assets from state investor Temasek, in a deal the developer said would create Asia's largest real estate investment manager. CapitaLand will buy the holding companies of the business of the Ascendas-Singbridge Group, which manages Ascendas Real Estate Investment Trust, Ascendas India Trust and Ascendas Hospitality Trust, for cash and stock.