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The latest update is out from Ascott Residence ( (SG:HMN) ).
CapitaLand Ascott Trust Management Limited, managing CapitaLand Ascott Real Estate Investment Trust and CapitaLand Ascott Business Trust, announced the pricing of S$260 million 4.20% subordinated perpetual securities under its S$2 billion multicurrency debt issuance programme. This financial move is expected to enhance the company’s capital structure and provide flexibility for future growth, potentially impacting its market positioning and offering opportunities for stakeholders.
The most recent analyst rating on (SG:HMN) stock is a Buy with a S$1.13 price target. To see the full list of analyst forecasts on Ascott Residence stock, see the SG:HMN Stock Forecast page.
More about Ascott Residence
Ascott Residence is involved in the real estate industry, primarily focusing on managing real estate investment trusts and business trusts. Their market focus is on managing properties under the CapitaLand Ascott brand, which is a part of CapitaLand Investment Limited, a leading global real estate investment manager headquartered in Singapore.
Average Trading Volume: 5,801,081
Technical Sentiment Signal: Sell
Current Market Cap: S$3.26B
For an in-depth examination of HMN stock, go to TipRanks’ Stock Analysis page.