Singapore Developers' ROEs Set to Rise on Margin Expansion -- Market Talk

Dow Jones

Mar 26, 2025

0749 GMT - Singapore developers' returns on equity are poised to rise on tailwinds, including margin expansion, DBS Group Research's Derek Tan says in a research report. Property development margins are expected to widen in the coming quarters, driven by robust sales and easing interest costs, exceeding initial expectations, the analyst says. Strong sales from recent property launches suggest developers could possibly enjoy lower overall funding requirements, the analyst says. With the Singapore Overnight Rate Average lower by 1 percentage point on-year, developers' financing costs could be lower than underwriting assumptions. DBS' top pick among developers is UOL Group, with a buy rating and a target price of S$8.40. UOL Group's shares are 0.7% higher at S$5.84. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

March 26, 2025 03:49 ET (07:49 GMT)

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Property development margins are expected to widen in the coming quarters, driven by robust sales and easing interest costs, exceeding initial expectations, the analyst says. Strong sales from recent property launches suggest developers could possibly enjoy lower overall funding requirements, the analyst says. With the Singapore Overnight Rate Average lower by 1 percentage point on-year, developers' financing costs could be lower than underwriting assumptions. DBS' top pick among developers is UOL Group, with a buy rating and a target price of S$8.40. UOL Group's shares are 0.7% higher at S$5.84. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 26, 2025 03:49 ET (07:49 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore Developers' ROEs Set to Rise on Margin Expansion -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore Developers' ROEs Set to Rise on Margin Expansion -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-03-26 15:49</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0749 GMT - Singapore developers' returns on equity are poised to rise on tailwinds, including margin expansion, DBS Group Research's Derek Tan says in a research report. Property development margins are expected to widen in the coming quarters, driven by robust sales and easing interest costs, exceeding initial expectations, the analyst says. Strong sales from recent property launches suggest developers could possibly enjoy lower overall funding requirements, the analyst says. With the Singapore Overnight Rate Average lower by 1 percentage point on-year, developers' financing costs could be lower than underwriting assumptions. DBS' top pick among developers is UOL Group, with a buy rating and a target price of S$8.40. UOL Group's shares are 0.7% higher at S$5.84. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 26, 2025 03:49 ET (07:49 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE0031814969.USD","symbol_name":"FSSA ASEAN ALL CAP FUND \"I\" (USD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2522819267","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2522819267","pubTimestamp":1742975340,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0749 GMT - Singapore developers' returns on equity are poised to rise on tailwinds, including margin expansion, DBS Group Research's Derek Tan says in a research report. Property development margins are expected to widen in the coming quarters, driven by robust sales and easing interest costs, exceeding initial expectations, the analyst says. Strong sales from recent property launches suggest developers could possibly enjoy lower overall funding requirements, the analyst says. With the Singapore Overnight Rate Average lower by 1 percentage point on-year, developers' financing costs could be lower than underwriting assumptions. DBS' top pick among developers is UOL Group, with a buy rating and a target price of S$8.40. UOL Group's shares are 0.7% higher at S$5.84. 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Property development margins are expected to widen in the coming quarters, driven by robust sales and easing interest costs, exceeding initial expectations, the analyst says. Strong sales from recent property launches suggest developers could possibly enjoy lower overall funding requirements, the analyst says. With the Singapore Overnight Rate Average lower by 1 percentage point on-year, developers' financing costs could be lower than underwriting assumptions. DBS' top pick among developers is UOL Group, with a buy rating and a target price of S$8.40. UOL Group's shares are 0.7% higher at S$5.84. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 26, 2025 03:49 ET (07:49 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}