PRE-MARKET SINGAPORE STOCK NEWS: Hotel Properties Limited (HPL SP) expects FY net loss due to elevated finance costs from increased borrowing and mark-to-market investment losses
Hotel Properties Limited (HPL SP) expecting a full-year net loss highlights significant stress from rising finance costs and losses on investments.
PRE-MARKET HONG KONG STOCKS NEWS: Meituan (3690 HK) prelim. FY25 (CNY) net loss 23.3bln-24.3bln (exp. loss 22.2bln), mainland China is closed for more than a week, while Hong Kong markets will only be open for the morning session
Japanese Economy Minister Kiuchi expects employment and income gains, as well as policy measures to support a gradual recovery
PRE-MARKET SINGAPORE STOCK NEWS: Hotel Properties Limited (HPL SP) expects FY net loss due to elevated finance costs from increased borrowing and mark-to-market investment losses
Singaporean Electronic Exports YoY (Jan) Y/Y 56.1% (Prev. 24.9%)
Singaporean Non-Oil Exports YoY (Jan) Y/Y 9.30% vs. Exp. 13.5% (Prev. 6.10%, Rev. From 6.1%)
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Hotel Properties Limited (HPL SP) - Co. sees FY net loss due to elevated finance costs from increased borrowing and mark-to-market investment losses. (Straits Times)
Lendlease Global Commercial Real Estate Investment Trust (JYEU SP) - Co. H1 (SGD) DPU rose 3.1% Y/Y to 1.85 Singapore cents. (Business Times)
Thai Beverage (THBEV SP) - Co. Q1 (THB) EBITDA rose 1.8% Y/Y to 16.7bln, rev. fell 6% Y/Y to 86.7bln. (Business Times)
This news signals potential headwinds not just for HPL but may also impact sentiment in the broader sector, especially related to leveraged positions amidst tightening financial conditions. Keep an eye on how this plays into investor sentiment for the hospitality and real estate sectors in Asia.
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