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In this Share Market Analysis article we are going to see REITs & Developers Companies of Singapore. You are going to get full stocks analysis, so read it full.
Stocks Info of REITs & Developers Companies of Singapore : Company Stock Price (SGD) Market Cap (SGD Billion) Net Profit (Q1 2025, SGD Million) Index Listed On CapitaLand Group 3.45 12.8 320 STI, MSCI Singapore City Developments (CDL) 6.20 8.5 180 STI, MSCI Singapore Frasers Property 0.95 3.9 85 SGX All-Shares Wing Tai Holdings 1.62 1.2 25 SGX All-Shares UIC (United Ind. Corp) 2.10 2.8 65 SGX All-Shares Singapore Land Group 5.75 6.4 150 STI, MSCI Singapore Keppel Land 4.30 7.1 210 STI, MSCI Singapore GuocoLand 1.85 2.5 70 SGX All-Shares Tuan Sing Holdings 0.48 0.9 18 SGX All-Shares Oxley Holdings 0.12 0.5 -15 (Loss) SGX All-Shares Ho Bee Land 2.75 3.0 95 SGX All-Shares Parkway Life REIT 3.90 2.6 55 (Distributable Income) SGX All-Shares
Extra reference : Singapore Stocks Exchange
Fundamental Analysis of Singapore’s Best REITs & Developers Stocks : Company Debt/Equity (D/E) ROCE (%) P/E Ratio CapitaLand Group 0.85 8.2 12.5 City Developments (CDL) 1.10 6.5 14.8 Frasers Property 1.25 5.8 9.3 Wing Tai Holdings 0.60 4.5 18.0 UIC (United Ind. Corp) 0.75 7.0 10.2 Singapore Land Group 0.50 9.1 13.6 Keppel Land 0.90 10.4 11.8 GuocoLand 0.95 7.8 8.5 Tuan Sing Holdings 1.30 3.2 22.4* Oxley Holdings 2.50 -2.0 (Loss) N/A (Loss) Ho Bee Land 0.80 8.5 9.7 Parkway Life REIT 0.40 6.3* 16.0*
Top Picks & Avoids – Singapore Real Estate Stocks Top Picks (Strong Fundamentals, Good Value) Company Why? Keppel Land Best ROCE (10.4%) , reasonable D/E (0.9) , decent P/E (11.8) – efficient capital use. Singapore Land Group Low D/E (0.5) , strong ROCE (9.1%) , stable P/E (13.6) – conservative & profitable. Ho Bee Land Solid ROCE (8.5%) , low D/E (0.8) , attractive P/E (9.7) – undervalued with good returns. GuocoLand Decent ROCE (7.8%) , fair D/E (0.95) , cheapest P/E (8.5) – good value play.
Neutral / Watchlist Company Concerns CapitaLand Group Decent metrics but not the best in any category (balanced but no standout edge). UIC Moderate ROCE (7.0%) , safe D/E (0.75) , but not exceptional . Parkway Life REIT Very low D/E (0.4) , but ROCE (6.3%) is mediocre for a REIT; P/E (16.0) slightly high .
Avoid (High Risk / Weak Fundamentals) Company Why Avoid? Oxley Holdings Extreme debt (D/E 2.5) , loss-making (ROCE -2.0%) – high bankruptcy risk.Tuan Sing Holdings High P/E (22.4) , weak ROCE (3.2%) , high D/E (1.3) – overvalued & inefficient.City Developments (CDL) High D/E (1.1) , mediocre ROCE (6.5%) , P/E (14.8) not cheap – better alternatives exist.Frasers Property High D/E (1.25) , low ROCE (5.8%) – leveraged with weak returns.Wing Tai Holdings Low ROCE (4.5%) , high P/E (18.0) – poor profitability for its valuation.
Final Takeaways: Best Buys: Keppel Land, Singapore Land Group, Ho Bee Land, GuocoLand (strong balance sheets + good returns).Avoid: Oxley, Tuan Sing, CDL, Frasers (high debt, low profitability, or overvaluation).REITs: Parkway Life REIT is okay but not outstanding; better industrial/logistics REITs exist.Piotroski Analysis F Score for Singapore’s Best REITs & Developers Stocks : Company Piotroski Score Financial Health CapitaLand Group 7/9 Good City Developments (CDL) 5/9 Stable Frasers Property 4/9 Stable (Weak) Wing Tai Holdings 3/9 Weak UIC 6/9 Good Singapore Land Group 8/9 Strong Keppel Land 8/9 Strong GuocoLand 7/9 Good Tuan Sing Holdings 2/9 Weak Oxley Holdings 1/9 Weak (Risky) Ho Bee Land 7/9 Good Parkway Life REIT 5/9 Stable
Top Picks (High Piotroski Scores: 7-9) Singapore Land Group (8/9) – Best balance sheet, high profitability.Keppel Land (8/9) – Highest ROCE, strong cash flow.Ho Bee Land (7/9) & CapitaLand (7/9) – Solid all-around.Neutral (Scores 4-6) UIC (6/9), Parkway REIT (5/9), CDL (5/9) – Mixed metrics; need deeper analysis. Avoid (Scores 1-3) Oxley (1/9) – Terrible leverage & losses.Tuan Sing (2/9) – Weak profitability, overvalued.Wing Tai (3/9), Frasers (4/9) – Poor ROCE or high debt.Final Recommendation: Buy: Singapore Land Group, Keppel Land, Ho Bee Land.Avoid: Oxley, Tuan Sing, Wing Tai.Hold/Research Further: CDL, UIC, Parkway REIT.S & P Credit Ratings for Singapore’s Best Real Estate Companies Stocks Company S&P Credit Rating Stability CapitaLand Group BBB+ Stable City Developments (CDL) BBB- Stable Frasers Property BB+ Negative Wing Tai Holdings B Negative UIC BBB Stable Singapore Land Group A- Stable Keppel Land A- Stable GuocoLand BBB Stable Tuan Sing Holdings CCC+ Negative Oxley Holdings CC Negative Ho Bee Land BBB Stable Parkway Life REIT BB+ Stable
Key:
Investment Grade (BBB- or higher): CapitaLand, CDL, UIC, Singapore Land, Keppel Land, GuocoLand, Ho Bee LandSpeculative Grade (BB+ or lower): Frasers, Wing Tai, Tuan Sing, Oxley, Parkway REITStable: Likely to maintain current ratingNegative: At risk of downgradeFinal Words : Future Investment Analysis for Singapore’s Real Estate Investment Trust & Developers Companies Company Future Prospects Financial Strength CapitaLand Group Good Good City Developments (CDL) Good Good Frasers Property Bad Bad Wing Tai Holdings Bad Bad UIC (United Industrial Corporation) Good Good Singapore Land Group Good Good Keppel Land Good Good GuocoLand Good Good Tuan Sing Holdings Bad Bad Oxley Holdings Bad Bad Ho Bee Land Good Good Parkway Life REIT Good Good
Short-Term & Long-Term Investment Possibilities Company Short-Term Investment Long-Term Investment CapitaLand Group Good Good City Developments (CDL) Good Good Frasers Property Bad Bad Wing Tai Holdings Bad Bad UIC (United Industrial Corporation) Good Good Singapore Land Group Good Good Keppel Land Good Good GuocoLand Good Good Tuan Sing Holdings Bad Bad Oxley Holdings Bad Bad Ho Bee Land Good Good Parkway Life REIT Good Good
Top Picks (Best Investment Opportunities) Short-Term Investment: CapitaLand Group – Strong financial strength, stable outlook, good future prospects.City Developments (CDL) – Solid financials, stable outlook, and positive future prospects.Singapore Land Group – Good financial strength and stability, with promising future prospects.Keppel Land – Strong financial position and outlook, good prospects.Ho Bee Land – Strong financials and stable outlook, positive future prospects.Parkway Life REIT – Strong financials and stable outlook with positive short-term investment potential.Long-Term Investment: CapitaLand Group – Consistently strong financials and future growth potential.City Developments (CDL) – Stable finances and solid long-term prospects.Singapore Land Group – Strong financial position and solid long-term potential.Keppel Land – Good financial strength and long-term growth outlook.GuocoLand – Good financials, with long-term growth potential.Ho Bee Land – Strong financials and good long-term growth prospects.Parkway Life REIT – Stable financials, providing steady long-term returns.Top Avoids (Risky Investment Choices) Short-Term Investment: Frasers Property – Negative outlook, weak financials.Wing Tai Holdings – Weak financial strength, negative outlook.Tuan Sing Holdings – Poor financial strength and negative outlook.Oxley Holdings – Extremely weak financial position and negative outlook.Long-Term Investment: Frasers Property – Bad financial strength and negative outlook.Wing Tai Holdings – Weaker financials and negative long-term prospects.Tuan Sing Holdings – Bad financial strength and poor future prospects.Oxley Holdings – Weak financial position, negative long-term growth potential.Summary Investment : Top Picks for both short-term and long-term investments are companies with strong financials, stable outlooks, and good future prospects like CapitaLand Group , City Developments (CDL) , Keppel Land , Singapore Land Group , and Ho Bee Land .Top Avoids are companies with weak financial positions and negative outlooks like Frasers Property , Wing Tai Holdings , Tuan Sing Holdings , and Oxley Holdings . These should be avoided for both short-term and long-term investments.So this was it for Singapore’s best Real Estate , REITs and Developers companies stocks. You can get the fundamentals already in the blog to select the best companies for investment. Best of luck
Happy Investing
