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cwz

cwz

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2022-06-15

Hope stock market doesn't react too violently

Stock Futures Rise Ahead of Fed Rate Decision

2022-06-23

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Nike to Fully Exit Russia, Will Scale Down in Coming Months

2022-06-18

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Sorry, the original content has been removed

2022-06-15

Thoughts on this, anyone?

Frasers Hospitality Trust Is Being Taken Private: 5 Things Investors Need to Know

2023-06-15

Let's go! 🔥🔥🔥🔥🔥

2023-06-15

Great ariticle, would you like to share it?

@TigerEvents:Light up your investing with Tiger, play and win prizes worth up to USD 999

2023-04-07

Hope to win some free stock

2023-04-07

Great ariticle, would you like to share it?

@TigerEvents:【Game】Easter Egg Hunting with Tiger, Win Disney Shares and USD 120 Voucher

2022-12-22

Hello everyone!

2022-11-29

Great ariticle, would you like to share it?

@TigerEvents:Join Tiger's Football Season, share the prizes worth up to US$200,000

Go to Tiger App to see more news

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Our priority is to ensure we are fully supporting our employees while we responsibly scale down our operations over the coming months,&#34; the firm said in an emailed statement.</p><p>For Nike, which gets less than 1% of its revenue from Ukraine and Russia combined, the move is largely symbolic rather than material to its results.</p><p>The company has a history of taking a stand on social and political issues, from supporting American football quarterback Colin Kaepernick in his decision to kneel during the national anthem as a protest against racism, to dropping Brazilian soccer star Neymar last year because he refused to cooperate in an investigation into sexual assault allegations.</p><p>Russian media reported in May that Nike had not renewed agreements with its largest franchisee in Russia, Inventive Retail Group (IRG), which operates 37 Nike-branded stores in Russia through its subsidiary Up And Run.</p><p>Shares in Nike were up nearly 1% in premarket U.S. trading.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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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\">\nNike to Fully Exit Russia, Will Scale Down in Coming Months\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-06-23 20:10</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>PARIS/COPENHAGEN/LONDON, June 23 (Reuters) - U.S. sportswear maker Nike is making a full exit from Russia, three months after suspending its operations there, the company said in an emailed statement Thursday.</p><p>Nike said on March 3 it would temporarily suspend operations at all its Nike-owned and -operated stores in Russia in response to Moscow&#39;s actions in Ukraine, adding that those still open were operated by independent partners.</p><p>On Thursday, it joined other major Western brands, like McDonald&#39;s and Google, in confirming it will leave the country completely.</p><p>Foreign companies seeking to exit Russia over the war in Ukraine face the prospect of new laws being passed in the coming weeks allowing Moscow to seize assets and impose criminal penalties. That has encouraged some businesses to accelerate their departure.</p><p>&#34;NIKE has made the decision to leave the Russian marketplace. Our priority is to ensure we are fully supporting our employees while we responsibly scale down our operations over the coming months,&#34; the firm said in an emailed statement.</p><p>For Nike, which gets less than 1% of its revenue from Ukraine and Russia combined, the move is largely symbolic rather than material to its results.</p><p>The company has a history of taking a stand on social and political issues, from supporting American football quarterback Colin Kaepernick in his decision to kneel during the national anthem as a protest against racism, to dropping Brazilian soccer star Neymar last year because he refused to cooperate in an investigation into sexual assault allegations.</p><p>Russian media reported in May that Nike had not renewed agreements with its largest franchisee in Russia, Inventive Retail Group (IRG), which operates 37 Nike-branded stores in Russia through its subsidiary Up And Run.</p><p>Shares in Nike were up nearly 1% in premarket U.S. trading.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NKE":"耐克"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1134105323","content_text":"PARIS/COPENHAGEN/LONDON, June 23 (Reuters) - U.S. sportswear maker Nike is making a full exit from Russia, three months after suspending its operations there, the company said in an emailed statement Thursday.Nike said on March 3 it would temporarily suspend operations at all its Nike-owned and -operated stores in Russia in response to Moscow's actions in Ukraine, adding that those still open were operated by independent partners.On Thursday, it joined other major Western brands, like McDonald's and Google, in confirming it will leave the country completely.Foreign companies seeking to exit Russia over the war in Ukraine face the prospect of new laws being passed in the coming weeks allowing Moscow to seize assets and impose criminal penalties. That has encouraged some businesses to accelerate their departure.\"NIKE has made the decision to leave the Russian marketplace. Our priority is to ensure we are fully supporting our employees while we responsibly scale down our operations over the coming months,\" the firm said in an emailed statement.For Nike, which gets less than 1% of its revenue from Ukraine and Russia combined, the move is largely symbolic rather than material to its results.The company has a history of taking a stand on social and political issues, from supporting American football quarterback Colin Kaepernick in his decision to kneel during the national anthem as a protest against racism, to dropping Brazilian soccer star Neymar last year because he refused to cooperate in an investigation into sexual assault allegations.Russian media reported in May that Nike had not renewed agreements with its largest franchisee in Russia, Inventive Retail Group (IRG), which operates 37 Nike-branded stores in Russia through its subsidiary Up And Run.Shares in Nike were up nearly 1% in premarket U.S. trading.","news_type":1,"symbols_score_info":{"NKE":0.9}},"isVote":1,"tweetType":1,"viewCount":2160,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9057890653,"gmtCreate":1655486333572,"gmtModify":1676535649428,"author":{"id":"3582705330645740","authorId":"3582705330645740","name":"cwz","avatar":"https://static.tigerbbs.com/b7be4aec5a7e5cab13ac4d2f5ab89a64","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582705330645740","idStr":"3582705330645740"},"themes":[],"htmlText":".","listText":".","text":".","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9057890653","repostId":"2244114821","repostType":4,"isVote":1,"tweetType":1,"viewCount":2034,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9054195477,"gmtCreate":1655349843499,"gmtModify":1676535620737,"author":{"id":"3582705330645740","authorId":"3582705330645740","name":"cwz","avatar":"https://static.tigerbbs.com/b7be4aec5a7e5cab13ac4d2f5ab89a64","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582705330645740","idStr":"3582705330645740"},"themes":[],"htmlText":"Nice!","listText":"Nice!","text":"Nice!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9054195477","repostId":"2243692027","repostType":4,"repost":{"id":"2243692027","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1655349167,"share":"https://ttm.financial/m/news/2243692027?lang=en_US&edition=fundamental","pubTime":"2022-06-16 11:12","market":"us","language":"en","title":"Asian Shares up after Fed Lifts Rates to Tame Inflation","url":"https://stock-news.laohu8.com/highlight/detail?id=2243692027","media":"Reuters","summary":"Asian stocks rose on Thursday, while longer-dated U.S. government bond yields fell and the dollar wa","content":"<html><head></head><body><p>Asian stocks rose on Thursday, while longer-dated U.S. government bond yields fell and the dollar was down from two-decade highs after the U.S. Federal Reserve delivered an aggressive rate hike and cut its growth projections.</p><p>The U.S. central bank on Wednesday approved its biggest interest rate hike since 1994, lifting the target federal funds rate by 75 basis points to a range of between 1.5% and 1.75%. Fed officials also see further steady rises this year, targeting a federal funds rate of 3.4% by year-end.</p><p>The move, which had been fully priced in by markets, followed data on Friday showing a sharper-than-expected rise in U.S. inflation in May, as well as a University of Michigan survey showing consumers&#39; five-year inflation expectations jumping sharply to their highest since June 2008.</p><p>In a news conference following the Fed&#39;s latest two-day policy meeting, Fed Chair Jerome Powell said that the survey was &#34;quite eye-catching&#34;.</p><p>&#34;(Inflation expectations) are starting to look like they&#39;re too high. That I think is <a href=\"https://laohu8.com/S/AONE.U\">one</a> reason why Powell wanted to do a 75 ... And I think they will also go again in July,&#34; said Joseph Capurso, head of international economics at <a href=\"https://laohu8.com/S/CBAUF\">Commonwealth Bank of Australia</a>.</p><p>&#34;They&#39;ve got to get inflation down. They&#39;re so far behind the curve it&#39;s not funny.&#34;</p><p>Investors appeared to take comfort from the view that the U.S. economy will benefit in the long run if prices are brought under control in the short term. Fed projections showed economic growth slowing to a below-trend rate of 1.7%, and policymakers expect to cut interest rates in 2024.</p><p>MSCI&#39;s broadest index of Asia-Pacific shares outside Japan tracked a higher close on Wall Street, adding 0.40% in the morning session. Seoul&#39;s KOSPI  added 1.24%, while Australian shares    rose 0.49% and Chinese blue-chips added 0.12%.</p><p>In Tokyo, the Nikkei was up 1.70%.</p><p>Overnight, the Dow Jones Industrial Average    ended the session by jumping 1%. The S&amp;P 500    leapt 1.46%, and the Nasdaq Composite    climbed 2.5%.</p><p>The dollar, which retreated from a 20-year peak after the Fed meeting, regained some footing in the Asian session.</p><p>&#34;It looked like a classic case of &#39;buy the rumour, sell the fact&#39; as the dollar sold off and Wall Street rallied,&#34; said Matt Simpson, senior market analyst at CityIndex. &#34;(But) given the trajectory for Fed hikes ... we very much doubt the top is in place for the U.S. dollar.&#34;</p><p>The global dollar index   , which tracks the greenback against a basket of six peers, was last up 0.24% at 105.05 as the dollar jumped nearly 0.6% against the yen to 134.61.</p><p>The euro edged down about 0.1% to $1.0434.</p><p>Reflecting expectations for more Fed tightening, the yield on U.S. two-year Treasury notes, which are sensitive to traders&#39; expectations of Fed fund rates, rose to 3.3060% from a close of 3.2790% on Wednesday.</p><p>The U.S. 10-year yield  was lower at 3.3696% from a close of 3.3950%.</p><p>In commodity markets, oil prices rebounded after falling more than 2% following the Fed decision. Brent crude    was last up 1% to $119.68 per barrel and U.S. crude    added 1.1% to $116.58.</p><p>Gold was slightly lower as the dollar firmed. Spot gold last traded at $1,830.19, down 0.17% on the day.</p></body></html>","collect":0,"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>Asian Shares up after Fed Lifts Rates to Tame Inflation</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\">\nAsian Shares up after Fed Lifts Rates to Tame Inflation\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-06-16 11:12</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Asian stocks rose on Thursday, while longer-dated U.S. government bond yields fell and the dollar was down from two-decade highs after the U.S. Federal Reserve delivered an aggressive rate hike and cut its growth projections.</p><p>The U.S. central bank on Wednesday approved its biggest interest rate hike since 1994, lifting the target federal funds rate by 75 basis points to a range of between 1.5% and 1.75%. Fed officials also see further steady rises this year, targeting a federal funds rate of 3.4% by year-end.</p><p>The move, which had been fully priced in by markets, followed data on Friday showing a sharper-than-expected rise in U.S. inflation in May, as well as a University of Michigan survey showing consumers&#39; five-year inflation expectations jumping sharply to their highest since June 2008.</p><p>In a news conference following the Fed&#39;s latest two-day policy meeting, Fed Chair Jerome Powell said that the survey was &#34;quite eye-catching&#34;.</p><p>&#34;(Inflation expectations) are starting to look like they&#39;re too high. That I think is <a href=\"https://laohu8.com/S/AONE.U\">one</a> reason why Powell wanted to do a 75 ... And I think they will also go again in July,&#34; said Joseph Capurso, head of international economics at <a href=\"https://laohu8.com/S/CBAUF\">Commonwealth Bank of Australia</a>.</p><p>&#34;They&#39;ve got to get inflation down. They&#39;re so far behind the curve it&#39;s not funny.&#34;</p><p>Investors appeared to take comfort from the view that the U.S. economy will benefit in the long run if prices are brought under control in the short term. Fed projections showed economic growth slowing to a below-trend rate of 1.7%, and policymakers expect to cut interest rates in 2024.</p><p>MSCI&#39;s broadest index of Asia-Pacific shares outside Japan tracked a higher close on Wall Street, adding 0.40% in the morning session. Seoul&#39;s KOSPI  added 1.24%, while Australian shares    rose 0.49% and Chinese blue-chips added 0.12%.</p><p>In Tokyo, the Nikkei was up 1.70%.</p><p>Overnight, the Dow Jones Industrial Average    ended the session by jumping 1%. The S&amp;P 500    leapt 1.46%, and the Nasdaq Composite    climbed 2.5%.</p><p>The dollar, which retreated from a 20-year peak after the Fed meeting, regained some footing in the Asian session.</p><p>&#34;It looked like a classic case of &#39;buy the rumour, sell the fact&#39; as the dollar sold off and Wall Street rallied,&#34; said Matt Simpson, senior market analyst at CityIndex. &#34;(But) given the trajectory for Fed hikes ... we very much doubt the top is in place for the U.S. dollar.&#34;</p><p>The global dollar index   , which tracks the greenback against a basket of six peers, was last up 0.24% at 105.05 as the dollar jumped nearly 0.6% against the yen to 134.61.</p><p>The euro edged down about 0.1% to $1.0434.</p><p>Reflecting expectations for more Fed tightening, the yield on U.S. two-year Treasury notes, which are sensitive to traders&#39; expectations of Fed fund rates, rose to 3.3060% from a close of 3.2790% on Wednesday.</p><p>The U.S. 10-year yield  was lower at 3.3696% from a close of 3.3950%.</p><p>In commodity markets, oil prices rebounded after falling more than 2% following the Fed decision. Brent crude    was last up 1% to $119.68 per barrel and U.S. crude    added 1.1% to $116.58.</p><p>Gold was slightly lower as the dollar firmed. Spot gold last traded at $1,830.19, down 0.17% on the day.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"159934":"黄金ETF","518880":"黄金ETF","FXE":"欧元做多ETF-CurrencyShares","QID":"两倍做空纳斯达克指数ETF-ProShares","DDG":"ProShares做空石油与天然气ETF","DUST":"二倍做空黄金矿业指数ETF-Direxion","EUO":"欧元ETF-ProShares两倍做空","SCO":"二倍做空彭博原油指数ETF","DWT":"三倍做空原油ETN","FXY":"日元ETF-CurrencyShares","YCS":"日元ETF-ProShares两倍做空","USO":"美国原油ETF","PSQ":"做空纳斯达克100指数ETF-ProShares","GLD":"黄金ETF-SPDR","IAU":"黄金信托ETF-iShares","DXD":"两倍做空道琼30指数ETF-ProShares","DJX":"1/100道琼斯","DUG":"二倍做空石油与天然气ETF(ProShares)","TQQQ":"纳指三倍做多ETF",".IXIC":"NASDAQ Composite","QQQ":"纳指100ETF","DDM":"2倍做多道指ETF-ProShares",".SPX":"S&P 500 Index","FXB":"英镑ETF-CurrencyShares","NUGT":"二倍做多黄金矿业指数ETF-Direxion","SDOW":"三倍做空道指30ETF-ProShares","QLD":"2倍做多纳斯达克100指数ETF-ProShares","DOG":"道指ETF-ProShares做空","GDX":"黄金矿业ETF-VanEck","UDOW":"三倍做多道指30ETF-ProShares",".DJI":"道琼斯","SQQQ":"纳指三倍做空ETF","UCO":"二倍做多彭博原油ETF"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2243692027","content_text":"Asian stocks rose on Thursday, while longer-dated U.S. government bond yields fell and the dollar was down from two-decade highs after the U.S. Federal Reserve delivered an aggressive rate hike and cut its growth projections.The U.S. central bank on Wednesday approved its biggest interest rate hike since 1994, lifting the target federal funds rate by 75 basis points to a range of between 1.5% and 1.75%. Fed officials also see further steady rises this year, targeting a federal funds rate of 3.4% by year-end.The move, which had been fully priced in by markets, followed data on Friday showing a sharper-than-expected rise in U.S. inflation in May, as well as a University of Michigan survey showing consumers' five-year inflation expectations jumping sharply to their highest since June 2008.In a news conference following the Fed's latest two-day policy meeting, Fed Chair Jerome Powell said that the survey was \"quite eye-catching\".\"(Inflation expectations) are starting to look like they're too high. That I think is one reason why Powell wanted to do a 75 ... And I think they will also go again in July,\" said Joseph Capurso, head of international economics at Commonwealth Bank of Australia.\"They've got to get inflation down. They're so far behind the curve it's not funny.\"Investors appeared to take comfort from the view that the U.S. economy will benefit in the long run if prices are brought under control in the short term. Fed projections showed economic growth slowing to a below-trend rate of 1.7%, and policymakers expect to cut interest rates in 2024.MSCI's broadest index of Asia-Pacific shares outside Japan tracked a higher close on Wall Street, adding 0.40% in the morning session. Seoul's KOSPI  added 1.24%, while Australian shares    rose 0.49% and Chinese blue-chips added 0.12%.In Tokyo, the Nikkei was up 1.70%.Overnight, the Dow Jones Industrial Average    ended the session by jumping 1%. The S&P 500    leapt 1.46%, and the Nasdaq Composite    climbed 2.5%.The dollar, which retreated from a 20-year peak after the Fed meeting, regained some footing in the Asian session.\"It looked like a classic case of 'buy the rumour, sell the fact' as the dollar sold off and Wall Street rallied,\" said Matt Simpson, senior market analyst at CityIndex. \"(But) given the trajectory for Fed hikes ... we very much doubt the top is in place for the U.S. dollar.\"The global dollar index   , which tracks the greenback against a basket of six peers, was last up 0.24% at 105.05 as the dollar jumped nearly 0.6% against the yen to 134.61.The euro edged down about 0.1% to $1.0434.Reflecting expectations for more Fed tightening, the yield on U.S. two-year Treasury notes, which are sensitive to traders' expectations of Fed fund rates, rose to 3.3060% from a close of 3.2790% on Wednesday.The U.S. 10-year yield  was lower at 3.3696% from a close of 3.3950%.In commodity markets, oil prices rebounded after falling more than 2% following the Fed decision. Brent crude    was last up 1% to $119.68 per barrel and U.S. crude    added 1.1% to $116.58.Gold was slightly lower as the dollar firmed. Spot gold last traded at $1,830.19, down 0.17% on the day.","news_type":1,"symbols_score_info":{"159934":0.6,"518880":0.6,".SPX":0.9,"MNQmain":0.6,"GLD":0.6,"USO":0.6,"DDG":0.6,"CLmain":0.9,"UCO":0.6,"YCS":0.6,"DOG":0.6,"MEURmain":0.6,"BZmain":0.6,"GCmain":0.9,"QQQ":0.6,"SCO":0.6,"IAU":0.6,"EURmain":0.9,".IXIC":0.9,"SQQQ":0.6,"DWT":0.6,"QID":0.6,"GBPmain":0.9,"SDOW":0.6,"UDOW":0.6,"MGCmain":0.9,"DXD":0.6,"MGBPmain":0.6,"DUG":0.6,"DUST":0.6,"FXE":0.6,"QLD":0.6,".DJI":0.9,"SGUmain":0.6,"DDM":0.6,"FXB":0.6,"JPYmain":0.9,"SGCmain":0.6,"NUGT":0.6,"PSQ":0.6,"GDX":0.6,"NQmain":0.6,"QMmain":0.9,"FXY":0.6,"DJX":0.6,"TQQQ":0.6,"EUO":0.6}},"isVote":1,"tweetType":1,"viewCount":2621,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9055516336,"gmtCreate":1655290507325,"gmtModify":1676535605342,"author":{"id":"3582705330645740","authorId":"3582705330645740","name":"cwz","avatar":"https://static.tigerbbs.com/b7be4aec5a7e5cab13ac4d2f5ab89a64","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582705330645740","idStr":"3582705330645740"},"themes":[],"htmlText":"Let's win something!","listText":"Let's win something!","text":"Let's win something!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9055516336","repostId":"9022524674","repostType":1,"repost":{"id":9022524674,"gmtCreate":1653552819200,"gmtModify":1676535303082,"author":{"id":"3527667667103859","authorId":"3527667667103859","name":"TigerEvents","avatar":"https://community-static.tradeup.com/news/c266ef25181ace18bec1262357bbe1a8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3527667667103859","idStr":"3527667667103859"},"themes":[],"title":"Time Travel with Tiger, Join the Memorabilia Adventure Now!!!","htmlText":"\n \n \n  Happy Birthday to TIGER!!! This year, we have prepared a time machine to go on an adventure with you. Come and find surprising gifts as we stroll down memory lane!There are so many wonderful little stories in our Tiger Quest. Collect as many coins as you can in the game, these will be your basic points of this game. Apart from one mini-game mission for SG/AU/NZ, the games will be open every week, and there are endless treasures waiting for you to discover. Points can be redeemed for multiple rewards, and you can win a share of up to USD 200,000 worth of prizes! Want to win extra points? Check out these mini-games, try them, stay with us and be PAWSITIVE!Remember to collect the cards and spell out \"T.I.G.E.R\" during your journey for a chance to receive the limited edition 8th Anniversary Gi\n \n","listText":"Happy Birthday to TIGER!!! This year, we have prepared a time machine to go on an adventure with you. Come and find surprising gifts as we stroll down memory lane!There are so many wonderful little stories in our Tiger Quest. Collect as many coins as you can in the game, these will be your basic points of this game. Apart from one mini-game mission for SG/AU/NZ, the games will be open every week, and there are endless treasures waiting for you to discover. Points can be redeemed for multiple rewards, and you can win a share of up to USD 200,000 worth of prizes! Want to win extra points? Check out these mini-games, try them, stay with us and be PAWSITIVE!Remember to collect the cards and spell out \"T.I.G.E.R\" during your journey for a chance to receive the limited edition 8th Anniversary Gi","text":"Happy Birthday to TIGER!!! This year, we have prepared a time machine to go on an adventure with you. Come and find surprising gifts as we stroll down memory lane!There are so many wonderful little stories in our Tiger Quest. Collect as many coins as you can in the game, these will be your basic points of this game. Apart from one mini-game mission for SG/AU/NZ, the games will be open every week, and there are endless treasures waiting for you to discover. Points can be redeemed for multiple rewards, and you can win a share of up to USD 200,000 worth of prizes! Want to win extra points? Check out these mini-games, try them, stay with us and be PAWSITIVE!Remember to collect the cards and spell out \"T.I.G.E.R\" during your journey for a chance to receive the limited edition 8th Anniversary Gi","images":[],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9022524674","isVote":1,"tweetType":2,"object":{"id":"97af7069aa6440eab7c85601f72b41b1","tweetId":"9022524674","videoUrl":"https://1254107296.vod2.myqcloud.com/73ba5544vodgzp1254107296/5836ee3f387702302012189230/1IRQdazMc4YA.mp4","poster":"https://community-static.tradeup.com/news/f2462b20b2a9a2483ae56cbb54dcb2a7"},"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":2348,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9055518972,"gmtCreate":1655290388596,"gmtModify":1676535605311,"author":{"id":"3582705330645740","authorId":"3582705330645740","name":"cwz","avatar":"https://static.tigerbbs.com/b7be4aec5a7e5cab13ac4d2f5ab89a64","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582705330645740","idStr":"3582705330645740"},"themes":[],"htmlText":"Hope stock market doesn't react too violently","listText":"Hope stock market doesn't react too violently","text":"Hope stock market doesn't react too violently","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9055518972","repostId":"1126621978","repostType":4,"repost":{"id":"1126621978","kind":"news","pubTimestamp":1655288125,"share":"https://ttm.financial/m/news/1126621978?lang=en_US&edition=fundamental","pubTime":"2022-06-15 18:15","market":"us","language":"en","title":"Stock Futures Rise Ahead of Fed Rate Decision","url":"https://stock-news.laohu8.com/highlight/detail?id=1126621978","media":"the wall street journal","summary":"Stock futures rose ahead of the Federal Reserve’s decision on interest rates, while European markets","content":"<html><head></head><body><p>Stock futures rose ahead of the Federal Reserve’s decision on interest rates, while European markets advanced after the European Central Bank called a meeting to address bond-market disruption.</p><p>Futures for the S&amp;P 500 added 0.57% Wednesday, pointing to gains for the broad index at the open. The S&amp;P 500 fell into a bear market—a decline of more than 20% from its January peak—this week as mounting expectations that the Fed would raise rates faster than previously signaled sent a shudder through markets.</p><p>The Federal Reserve will lay out details of its latest effort to quell inflation through tighter monetary policy at 2 p.m. ET. Investors expect a0.75-percentage-point increaseto the Fed’s target rate, which would be the biggest since 1994. The central bank had previously guided for a 0.5-percentage-point increase, but rate expectations shifted higher after data showed inflation running at its fastest pace in more than four decades.</p><p>Technology stocks were poised to open higher. Futures for the Nasdaq-100 added 0.72% and contracts for the Dow Jones Industrial Average gained 0.47%.</p><p><img src=\"https://static.tigerbbs.com/18daf2bcf679321602a7aa4de2cec6e1\" tg-width=\"435\" tg-height=\"177\" width=\"100%\" height=\"auto\"/></p><p>U.S. government bonds steadied after sliding in recent weeks in a selloff that has pushed yields to their highest levels in more than a decade. The yield on 10-year Treasurys slipped to 3.398% from 3.482% Tuesday.</p><p>European stocks and peripheral government bonds in the eurozone rallied after the ECB said it would hold anad hoc meetingWednesday to discuss turbulence in theregion’s bond markets. Investors have dumped southern European government debt of late after the ECB set out plans to wind down its bond-buying program and raise rates to tame inflation.</p><p>The Stoxx Europe 600 rose 1.1%, led by shares of banks and insurers. Shares of Italian banks, which own a substantial chunk of government bonds, had suffered as the debt fell in price. Intesa Sanpaolo and UniCredit were among the best performers in the European market Wednesday.</p><p>The euro gained 0.7% to trade at $1.0483. The dollar, meanwhile, fell 0.6% against the WSJ Dollar Index, which tracks the currency against a basket of its peers.</p><p>“It’s a question of whether there’s something definitive today, or more an explanation of what to do in the future,” said Dorian Carrell, a funder manager at Schroders, of the ECB meeting. The ECB’s response to bond-market disruption is critical to global markets in part because it will influence the dollar, he said.</p><p><img src=\"https://static.tigerbbs.com/2c854c5654ac866234481e9655fbbca9\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"/>The S&amp;P 500 sank further into bear territory on Tuesday.PHOTO:MICHAEL NAGLE/ZUMA PRESS</p><p>Cryptocurrencies kept tumbling. Bitcoin fell 8.4% to $20,155, putting the digital currency on track for a ninth straight daily loss. Ethereum slid 14%, extending arout in cryptocurrenciesthat has taken a toll on companies including Coinbase Global, which is laying off almost a fifth of its staff, and Celsius Network, a crypto lender now examining restructuring options. Coinbase shares skidded 6.8% in premarket trading.</p><p>Behind the selloff in crypto, and the recent turbulence in traditional financial markets, is the Fed’s likely change of gears in efforts to douse decadeshigh inflation. For years after the 2008-9 financial crisis, stocks, bonds and more speculative assets climbed as central banks pinned borrowing costs at low levels to goose inflation and economic growth.</p><p>The pandemic, whose economic effects central banks and governments combated with unprecedented financial stimulus, turbocharged that upward trend. Rampant inflation has prompted the Fed and many of its counterparts to unwind easy-money policies, and the assets that had benefited most from them are suffering.</p><p>Mr. Carrell said guidance the Fed gives about the direction of interest rates Wednesday is more important for markets than the size of the rate increase. Uncertainty about interest rates has been driving volatility in stock and credit markets, he said.</p><p>In commodities, Brent-crude futures fell 1.1% to $119.86 a barrel. The International Energy Agency said it expects global demand for oil to rise above prepandemic levels next year, driven by growth in China as it emerges from stop-start lockdowns.</p></body></html>","collect":0,"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>Stock Futures Rise Ahead of Fed Rate Decision</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\">\nStock Futures Rise Ahead of Fed Rate Decision\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-15 18:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wsj.com/articles/global-stocks-markets-dow-update-06-15-2022-11655278404><strong>the wall street journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Stock futures rose ahead of the Federal Reserve’s decision on interest rates, while European markets advanced after the European Central Bank called a meeting to address bond-market disruption.Futures...</p>\n\n<a href=\"https://www.wsj.com/articles/global-stocks-markets-dow-update-06-15-2022-11655278404\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.wsj.com/articles/global-stocks-markets-dow-update-06-15-2022-11655278404","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1126621978","content_text":"Stock futures rose ahead of the Federal Reserve’s decision on interest rates, while European markets advanced after the European Central Bank called a meeting to address bond-market disruption.Futures for the S&P 500 added 0.57% Wednesday, pointing to gains for the broad index at the open. The S&P 500 fell into a bear market—a decline of more than 20% from its January peak—this week as mounting expectations that the Fed would raise rates faster than previously signaled sent a shudder through markets.The Federal Reserve will lay out details of its latest effort to quell inflation through tighter monetary policy at 2 p.m. ET. Investors expect a0.75-percentage-point increaseto the Fed’s target rate, which would be the biggest since 1994. The central bank had previously guided for a 0.5-percentage-point increase, but rate expectations shifted higher after data showed inflation running at its fastest pace in more than four decades.Technology stocks were poised to open higher. Futures for the Nasdaq-100 added 0.72% and contracts for the Dow Jones Industrial Average gained 0.47%.U.S. government bonds steadied after sliding in recent weeks in a selloff that has pushed yields to their highest levels in more than a decade. The yield on 10-year Treasurys slipped to 3.398% from 3.482% Tuesday.European stocks and peripheral government bonds in the eurozone rallied after the ECB said it would hold anad hoc meetingWednesday to discuss turbulence in theregion’s bond markets. Investors have dumped southern European government debt of late after the ECB set out plans to wind down its bond-buying program and raise rates to tame inflation.The Stoxx Europe 600 rose 1.1%, led by shares of banks and insurers. Shares of Italian banks, which own a substantial chunk of government bonds, had suffered as the debt fell in price. Intesa Sanpaolo and UniCredit were among the best performers in the European market Wednesday.The euro gained 0.7% to trade at $1.0483. The dollar, meanwhile, fell 0.6% against the WSJ Dollar Index, which tracks the currency against a basket of its peers.“It’s a question of whether there’s something definitive today, or more an explanation of what to do in the future,” said Dorian Carrell, a funder manager at Schroders, of the ECB meeting. The ECB’s response to bond-market disruption is critical to global markets in part because it will influence the dollar, he said.The S&P 500 sank further into bear territory on Tuesday.PHOTO:MICHAEL NAGLE/ZUMA PRESSCryptocurrencies kept tumbling. Bitcoin fell 8.4% to $20,155, putting the digital currency on track for a ninth straight daily loss. Ethereum slid 14%, extending arout in cryptocurrenciesthat has taken a toll on companies including Coinbase Global, which is laying off almost a fifth of its staff, and Celsius Network, a crypto lender now examining restructuring options. Coinbase shares skidded 6.8% in premarket trading.Behind the selloff in crypto, and the recent turbulence in traditional financial markets, is the Fed’s likely change of gears in efforts to douse decadeshigh inflation. For years after the 2008-9 financial crisis, stocks, bonds and more speculative assets climbed as central banks pinned borrowing costs at low levels to goose inflation and economic growth.The pandemic, whose economic effects central banks and governments combated with unprecedented financial stimulus, turbocharged that upward trend. Rampant inflation has prompted the Fed and many of its counterparts to unwind easy-money policies, and the assets that had benefited most from them are suffering.Mr. Carrell said guidance the Fed gives about the direction of interest rates Wednesday is more important for markets than the size of the rate increase. Uncertainty about interest rates has been driving volatility in stock and credit markets, he said.In commodities, Brent-crude futures fell 1.1% to $119.86 a barrel. The International Energy Agency said it expects global demand for oil to rise above prepandemic levels next year, driven by growth in China as it emerges from stop-start lockdowns.","news_type":1,"symbols_score_info":{"YMmain":0.9,"NQmain":0.9,"ESmain":0.9}},"isVote":1,"tweetType":1,"viewCount":556,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9055511249,"gmtCreate":1655290330181,"gmtModify":1676535605303,"author":{"id":"3582705330645740","authorId":"3582705330645740","name":"cwz","avatar":"https://static.tigerbbs.com/b7be4aec5a7e5cab13ac4d2f5ab89a64","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582705330645740","idStr":"3582705330645740"},"themes":[],"htmlText":"Thoughts on this, anyone?","listText":"Thoughts on this, anyone?","text":"Thoughts on this, anyone?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9055511249","repostId":"1140203840","repostType":4,"repost":{"id":"1140203840","kind":"news","pubTimestamp":1655289988,"share":"https://ttm.financial/m/news/1140203840?lang=en_US&edition=fundamental","pubTime":"2022-06-15 18:46","market":"sg","language":"en","title":"Frasers Hospitality Trust Is Being Taken Private: 5 Things Investors Need to Know","url":"https://stock-news.laohu8.com/highlight/detail?id=1140203840","media":"The Smart Investor","summary":"The hospitality trust has looked at various ways of realising value for unitholders before proposing","content":"<html><head></head><body><p>The hospitality trust has looked at various ways of realising value for unitholders before proposing this route.</p><p><img src=\"https://static.tigerbbs.com/fb03abf5450a93fccc3d1212c6e9fb8a\" tg-width=\"800\" tg-height=\"533\" width=\"100%\" height=\"auto\"/></p><p>Over the last several years, several REITs have delisted either through mergers or having been taken private.</p><p>These moves have reduced the REITs available for investors as consolidation takes place within the REIT space.</p><p>Last year,<b>ESR-REIT</b>(SGX: J91U) and ARA Logos Logistics Trust went through a S$1.4 billion merger to increase its exposure to new economy assets.</p><p>Earlier this year, <b>Mapletree Commercial Trust</b> (SGX: N2IU) and <b>Mapletree North Asia Commercial Trust</b> (SGX: RW0U) announced a S$4.2 billion merger to form Mapletree Pan-Asian Commercial Trust or MPACT.</p><p>Apart from these two REITs, Soilbuild Business Space REIT was taken private more than a year ago at S$0.53806 per unit.</p><p>The latest REIT to announce that it plans to go private is <b>Frasers Hospitality Trust</b> (SGX: ACV), or FHT.</p><p>Here are five aspects of the transaction that investors should know about.</p><p><b>1. A premium to net asset value</b></p><p>A wholly-owned subsidiary of <b>Frasers Property Limited</b> (SGX: TQ5), or FPL, is offering to privatise FHT through a trust scheme of arrangement.</p><p>The scheme consideration is S$0.70 per unit and represents a slight premium over the trust’s net asset value (NAV) per stapled security of S$0.6534 as of 31 March 2022.</p><p>The price offered is also a 22.8% premium to FHT’s last traded price of S$0.57 as of 7 April and a significant 43.8% premium to the 12-month volume-weighted average price of S$0.487.</p><p>In addition, the consideration of S$0.70 is also higher than the consensus analyst target price of S$0.60 by two brokerages.</p><p>Seen in this light, FHT’s offer from FPL represents a decent opportunity for unitholders to monetise their investment.</p><p><b>2. Tough to grow DPS and NAV</b></p><p>The decision to privatise FHT was not taken lightly and came after a detailed strategic review was conducted in April 2022.</p><p>The trust has attempted to grow its distribution per stapled security (DPS) and NAV since its IPO in July 2014 but has not been successful.</p><p>FHT undertook three acquisitions in total – one in 2015 and two in 2016, and also conducted asset enhancement initiatives (AEI) worth S$61.3 million since IPO.</p><p>The result was that the hospitality trust’s portfolio valuation has increased by 35% since its IPO, but both DPS and NAV have been on a downtrend.</p><p>From its first full fiscal year in fiscal 2016 (FY2016) till FY2021, DPS has been on a steady decline from S$0.054 to S$0.01, in large part due to the COVID-19 pandemic.</p><p>NAV has also been on a sustained downtrend from S$0.83 at IPO to S$0.648 as of FY2021.</p><p>The main culprit was due to the strengthening of the Singapore dollar against FHT’s operating currencies such as the Australian dollar, British pound, Japanese yen, Malaysian ringgit and the Euro.</p><p><b>3. An uncertain recovery for the hotel sector</b></p><p>Despite the reopening of borders and a surge in the number of travellers, the operating metrics for FHT’s assets remain significantly below pre-pandemic levels.</p><p>The revenue per available room (RevPAR) for its various markets remains at depressed levels for the first half of fiscal 2022 (1H2022) compared with FY2019.</p><p>Australia and Malaysia’s RevPAR are down more than 70% while Singapore’s is nearly half of its pre-pandemic level.</p><p>Coupled with rising inflation and an impending sharp rise in interest rates, FHT will have to contend with higher operating and borrowing costs, further delaying its recovery.</p><p><b>4. A vicious cycle</b></p><p>FHT has been caught between a rock and a hard place for some time.</p><p>It has been the second smallest hospitality trust listed on the Singapore stock exchange in terms of asset size and is ranked #32 among other REITs and business trusts in terms of free-float capitalisation.</p><p>Its small size prevents it from being included in the FTSE EPRA NAREIT Index, thereby limiting large funds from investing in it.</p><p>Liquidity is thus poor for the trust, leading to a lower institutional following.</p><p>The REIT’s pre-COVID average distribution yield has hovered around 7.2%, making it tough for the trust to make yield-accretive acquisitions.</p><p>The inability of FHT to attract greater fund flows and its lack of inclusion in a reputable REIT index means that it has no chance for improved valuations, resulting in a vicious cycle.</p><p><b>5. A decent total return</b></p><p>A stapled security unitholder who subscribed for FHT’s IPO and also subscribed for its rights issue on 9 September 2016 will have an average cost of S$0.813 for his units.</p><p>Along with distributions received over the years of S$0.297 plus the scheme consideration of S$0.70 per unit, the total the unitholder will receive is S$0.997, giving a 22.7% return since FHT’s IPO.</p><p>However, when calculated in terms of per annum returns, FHT provides a total return of merely 2.6% since its listing in July 2014.</p></body></html>","source":"lsy1602567310727","collect":0,"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>Frasers Hospitality Trust Is Being Taken Private: 5 Things Investors Need to Know</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; 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}\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\">\nFrasers Hospitality Trust Is Being Taken Private: 5 Things Investors Need to Know\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-15 18:46 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thesmartinvestor.com.sg/frasers-hospitality-trust-is-being-taken-private-5-things-investors-need-to-know/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The hospitality trust has looked at various ways of realising value for unitholders before proposing this route.Over the last several years, several REITs have delisted either through mergers or ...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/frasers-hospitality-trust-is-being-taken-private-5-things-investors-need-to-know/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TQ5.SI":"星狮地产有限公司"},"source_url":"https://thesmartinvestor.com.sg/frasers-hospitality-trust-is-being-taken-private-5-things-investors-need-to-know/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140203840","content_text":"The hospitality trust has looked at various ways of realising value for unitholders before proposing this route.Over the last several years, several REITs have delisted either through mergers or having been taken private.These moves have reduced the REITs available for investors as consolidation takes place within the REIT space.Last year,ESR-REIT(SGX: J91U) and ARA Logos Logistics Trust went through a S$1.4 billion merger to increase its exposure to new economy assets.Earlier this year, Mapletree Commercial Trust (SGX: N2IU) and Mapletree North Asia Commercial Trust (SGX: RW0U) announced a S$4.2 billion merger to form Mapletree Pan-Asian Commercial Trust or MPACT.Apart from these two REITs, Soilbuild Business Space REIT was taken private more than a year ago at S$0.53806 per unit.The latest REIT to announce that it plans to go private is Frasers Hospitality Trust (SGX: ACV), or FHT.Here are five aspects of the transaction that investors should know about.1. A premium to net asset valueA wholly-owned subsidiary of Frasers Property Limited (SGX: TQ5), or FPL, is offering to privatise FHT through a trust scheme of arrangement.The scheme consideration is S$0.70 per unit and represents a slight premium over the trust’s net asset value (NAV) per stapled security of S$0.6534 as of 31 March 2022.The price offered is also a 22.8% premium to FHT’s last traded price of S$0.57 as of 7 April and a significant 43.8% premium to the 12-month volume-weighted average price of S$0.487.In addition, the consideration of S$0.70 is also higher than the consensus analyst target price of S$0.60 by two brokerages.Seen in this light, FHT’s offer from FPL represents a decent opportunity for unitholders to monetise their investment.2. Tough to grow DPS and NAVThe decision to privatise FHT was not taken lightly and came after a detailed strategic review was conducted in April 2022.The trust has attempted to grow its distribution per stapled security (DPS) and NAV since its IPO in July 2014 but has not been successful.FHT undertook three acquisitions in total – one in 2015 and two in 2016, and also conducted asset enhancement initiatives (AEI) worth S$61.3 million since IPO.The result was that the hospitality trust’s portfolio valuation has increased by 35% since its IPO, but both DPS and NAV have been on a downtrend.From its first full fiscal year in fiscal 2016 (FY2016) till FY2021, DPS has been on a steady decline from S$0.054 to S$0.01, in large part due to the COVID-19 pandemic.NAV has also been on a sustained downtrend from S$0.83 at IPO to S$0.648 as of FY2021.The main culprit was due to the strengthening of the Singapore dollar against FHT’s operating currencies such as the Australian dollar, British pound, Japanese yen, Malaysian ringgit and the Euro.3. An uncertain recovery for the hotel sectorDespite the reopening of borders and a surge in the number of travellers, the operating metrics for FHT’s assets remain significantly below pre-pandemic levels.The revenue per available room (RevPAR) for its various markets remains at depressed levels for the first half of fiscal 2022 (1H2022) compared with FY2019.Australia and Malaysia’s RevPAR are down more than 70% while Singapore’s is nearly half of its pre-pandemic level.Coupled with rising inflation and an impending sharp rise in interest rates, FHT will have to contend with higher operating and borrowing costs, further delaying its recovery.4. A vicious cycleFHT has been caught between a rock and a hard place for some time.It has been the second smallest hospitality trust listed on the Singapore stock exchange in terms of asset size and is ranked #32 among other REITs and business trusts in terms of free-float capitalisation.Its small size prevents it from being included in the FTSE EPRA NAREIT Index, thereby limiting large funds from investing in it.Liquidity is thus poor for the trust, leading to a lower institutional following.The REIT’s pre-COVID average distribution yield has hovered around 7.2%, making it tough for the trust to make yield-accretive acquisitions.The inability of FHT to attract greater fund flows and its lack of inclusion in a reputable REIT index means that it has no chance for improved valuations, resulting in a vicious cycle.5. A decent total returnA stapled security unitholder who subscribed for FHT’s IPO and also subscribed for its rights issue on 9 September 2016 will have an average cost of S$0.813 for his units.Along with distributions received over the years of S$0.297 plus the scheme consideration of S$0.70 per unit, the total the unitholder will receive is S$0.997, giving a 22.7% return since FHT’s IPO.However, when calculated in terms of per annum returns, FHT provides a total return of merely 2.6% since its listing in July 2014.","news_type":1,"symbols_score_info":{"TQ5.SI":0.9,"ACV.SI":0.9}},"isVote":1,"tweetType":1,"viewCount":837,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9099005639,"gmtCreate":1643275230382,"gmtModify":1676533794008,"author":{"id":"3582705330645740","authorId":"3582705330645740","name":"cwz","avatar":"https://static.tigerbbs.com/b7be4aec5a7e5cab13ac4d2f5ab89a64","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582705330645740","idStr":"3582705330645740"},"themes":[],"htmlText":"Wishing everyone well at the stock market today!","listText":"Wishing everyone well at the stock market today!","text":"Wishing everyone well at the stock market today!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9099005639","isVote":1,"tweetType":1,"viewCount":1020,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9099008106,"gmtCreate":1643275015778,"gmtModify":1676533793923,"author":{"id":"3582705330645740","authorId":"3582705330645740","name":"cwz","avatar":"https://static.tigerbbs.com/b7be4aec5a7e5cab13ac4d2f5ab89a64","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582705330645740","idStr":"3582705330645740"},"themes":[],"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9099008106","repostId":"9004448317","repostType":1,"repost":{"id":9004448317,"gmtCreate":1642676525258,"gmtModify":1676533734534,"author":{"id":"3527667667103859","authorId":"3527667667103859","name":"TigerEvents","avatar":"https://community-static.tradeup.com/news/c266ef25181ace18bec1262357bbe1a8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3527667667103859","idStr":"3527667667103859"},"themes":[],"title":"Join Tiger Ski Championship, Win a Bonus of Up to USD 2022","htmlText":"2022 is the Year of Tiger in Chinese lunar calendar, it’s also a special year for Tiger Brokers. To celebrate the special year, we want to invite you to join the ski game presented by Tiger Brokers specially, and it’s very easy and interesting game for users to play. Join the game and win a bonus of up to USD 2022 and limited-edition Tiger Toys Spring Festival and Winter Olympic are both on the way, open your Tiger Trade App and play the ski game with us, win golden medals as many as you can! You could have chance to try Lucky Draw when you win medals.The more medal you win, the bigger bonus you may win! Big Rewards are as follow: <a href=\"https://www.tigerbrokers.com.sg/activity/market/2022/happy-new-year/#/\" target=\"_blank\">Click to Join the Game</a>","listText":"2022 is the Year of Tiger in Chinese lunar calendar, it’s also a special year for Tiger Brokers. To celebrate the special year, we want to invite you to join the ski game presented by Tiger Brokers specially, and it’s very easy and interesting game for users to play. Join the game and win a bonus of up to USD 2022 and limited-edition Tiger Toys Spring Festival and Winter Olympic are both on the way, open your Tiger Trade App and play the ski game with us, win golden medals as many as you can! You could have chance to try Lucky Draw when you win medals.The more medal you win, the bigger bonus you may win! Big Rewards are as follow: <a href=\"https://www.tigerbrokers.com.sg/activity/market/2022/happy-new-year/#/\" target=\"_blank\">Click to Join the Game</a>","text":"2022 is the Year of Tiger in Chinese lunar calendar, it’s also a special year for Tiger Brokers. To celebrate the special year, we want to invite you to join the ski game presented by Tiger Brokers specially, and it’s very easy and interesting game for users to play. Join the game and win a bonus of up to USD 2022 and limited-edition Tiger Toys Spring Festival and Winter Olympic are both on the way, open your Tiger Trade App and play the ski game with us, win golden medals as many as you can! You could have chance to try Lucky Draw when you win medals.The more medal you win, the bigger bonus you may win! Big Rewards are as follow: Click to Join the Game","images":[{"img":"https://static.tigerbbs.com/a7b44fa056439fb4010fa55e163d27c3","width":"750","height":"1726"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9004448317","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":2,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":1085,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":106050580,"gmtCreate":1620079925940,"gmtModify":1704338176563,"author":{"id":"3582705330645740","authorId":"3582705330645740","name":"cwz","avatar":"https://static.tigerbbs.com/b7be4aec5a7e5cab13ac4d2f5ab89a64","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582705330645740","idStr":"3582705330645740"},"themes":[],"htmlText":"Up next?","listText":"Up next?","text":"Up next?","images":[{"img":"https://static.tigerbbs.com/7854b4b5e31b61972b87ff5a56036db3","width":"1080","height":"2806"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/106050580","isVote":1,"tweetType":1,"viewCount":919,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"hots":[{"id":9055518972,"gmtCreate":1655290388596,"gmtModify":1676535605311,"author":{"id":"3582705330645740","authorId":"3582705330645740","name":"cwz","avatar":"https://static.tigerbbs.com/b7be4aec5a7e5cab13ac4d2f5ab89a64","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582705330645740","authorIdStr":"3582705330645740"},"themes":[],"htmlText":"Hope stock market doesn't react too violently","listText":"Hope stock market doesn't react too violently","text":"Hope stock market doesn't react too violently","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9055518972","repostId":"1126621978","repostType":4,"repost":{"id":"1126621978","kind":"news","pubTimestamp":1655288125,"share":"https://ttm.financial/m/news/1126621978?lang=en_US&edition=fundamental","pubTime":"2022-06-15 18:15","market":"us","language":"en","title":"Stock Futures Rise Ahead of Fed Rate Decision","url":"https://stock-news.laohu8.com/highlight/detail?id=1126621978","media":"the wall street journal","summary":"Stock futures rose ahead of the Federal Reserve’s decision on interest rates, while European markets","content":"<html><head></head><body><p>Stock futures rose ahead of the Federal Reserve’s decision on interest rates, while European markets advanced after the European Central Bank called a meeting to address bond-market disruption.</p><p>Futures for the S&amp;P 500 added 0.57% Wednesday, pointing to gains for the broad index at the open. The S&amp;P 500 fell into a bear market—a decline of more than 20% from its January peak—this week as mounting expectations that the Fed would raise rates faster than previously signaled sent a shudder through markets.</p><p>The Federal Reserve will lay out details of its latest effort to quell inflation through tighter monetary policy at 2 p.m. ET. Investors expect a0.75-percentage-point increaseto the Fed’s target rate, which would be the biggest since 1994. The central bank had previously guided for a 0.5-percentage-point increase, but rate expectations shifted higher after data showed inflation running at its fastest pace in more than four decades.</p><p>Technology stocks were poised to open higher. Futures for the Nasdaq-100 added 0.72% and contracts for the Dow Jones Industrial Average gained 0.47%.</p><p><img src=\"https://static.tigerbbs.com/18daf2bcf679321602a7aa4de2cec6e1\" tg-width=\"435\" tg-height=\"177\" width=\"100%\" height=\"auto\"/></p><p>U.S. government bonds steadied after sliding in recent weeks in a selloff that has pushed yields to their highest levels in more than a decade. The yield on 10-year Treasurys slipped to 3.398% from 3.482% Tuesday.</p><p>European stocks and peripheral government bonds in the eurozone rallied after the ECB said it would hold anad hoc meetingWednesday to discuss turbulence in theregion’s bond markets. Investors have dumped southern European government debt of late after the ECB set out plans to wind down its bond-buying program and raise rates to tame inflation.</p><p>The Stoxx Europe 600 rose 1.1%, led by shares of banks and insurers. Shares of Italian banks, which own a substantial chunk of government bonds, had suffered as the debt fell in price. Intesa Sanpaolo and UniCredit were among the best performers in the European market Wednesday.</p><p>The euro gained 0.7% to trade at $1.0483. The dollar, meanwhile, fell 0.6% against the WSJ Dollar Index, which tracks the currency against a basket of its peers.</p><p>“It’s a question of whether there’s something definitive today, or more an explanation of what to do in the future,” said Dorian Carrell, a funder manager at Schroders, of the ECB meeting. The ECB’s response to bond-market disruption is critical to global markets in part because it will influence the dollar, he said.</p><p><img src=\"https://static.tigerbbs.com/2c854c5654ac866234481e9655fbbca9\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"/>The S&amp;P 500 sank further into bear territory on Tuesday.PHOTO:MICHAEL NAGLE/ZUMA PRESS</p><p>Cryptocurrencies kept tumbling. Bitcoin fell 8.4% to $20,155, putting the digital currency on track for a ninth straight daily loss. Ethereum slid 14%, extending arout in cryptocurrenciesthat has taken a toll on companies including Coinbase Global, which is laying off almost a fifth of its staff, and Celsius Network, a crypto lender now examining restructuring options. Coinbase shares skidded 6.8% in premarket trading.</p><p>Behind the selloff in crypto, and the recent turbulence in traditional financial markets, is the Fed’s likely change of gears in efforts to douse decadeshigh inflation. For years after the 2008-9 financial crisis, stocks, bonds and more speculative assets climbed as central banks pinned borrowing costs at low levels to goose inflation and economic growth.</p><p>The pandemic, whose economic effects central banks and governments combated with unprecedented financial stimulus, turbocharged that upward trend. Rampant inflation has prompted the Fed and many of its counterparts to unwind easy-money policies, and the assets that had benefited most from them are suffering.</p><p>Mr. Carrell said guidance the Fed gives about the direction of interest rates Wednesday is more important for markets than the size of the rate increase. Uncertainty about interest rates has been driving volatility in stock and credit markets, he said.</p><p>In commodities, Brent-crude futures fell 1.1% to $119.86 a barrel. The International Energy Agency said it expects global demand for oil to rise above prepandemic levels next year, driven by growth in China as it emerges from stop-start lockdowns.</p></body></html>","collect":0,"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>Stock Futures Rise Ahead of Fed Rate Decision</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\">\nStock Futures Rise Ahead of Fed Rate Decision\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-15 18:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wsj.com/articles/global-stocks-markets-dow-update-06-15-2022-11655278404><strong>the wall street journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Stock futures rose ahead of the Federal Reserve’s decision on interest rates, while European markets advanced after the European Central Bank called a meeting to address bond-market disruption.Futures...</p>\n\n<a href=\"https://www.wsj.com/articles/global-stocks-markets-dow-update-06-15-2022-11655278404\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.wsj.com/articles/global-stocks-markets-dow-update-06-15-2022-11655278404","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1126621978","content_text":"Stock futures rose ahead of the Federal Reserve’s decision on interest rates, while European markets advanced after the European Central Bank called a meeting to address bond-market disruption.Futures for the S&P 500 added 0.57% Wednesday, pointing to gains for the broad index at the open. The S&P 500 fell into a bear market—a decline of more than 20% from its January peak—this week as mounting expectations that the Fed would raise rates faster than previously signaled sent a shudder through markets.The Federal Reserve will lay out details of its latest effort to quell inflation through tighter monetary policy at 2 p.m. ET. Investors expect a0.75-percentage-point increaseto the Fed’s target rate, which would be the biggest since 1994. The central bank had previously guided for a 0.5-percentage-point increase, but rate expectations shifted higher after data showed inflation running at its fastest pace in more than four decades.Technology stocks were poised to open higher. Futures for the Nasdaq-100 added 0.72% and contracts for the Dow Jones Industrial Average gained 0.47%.U.S. government bonds steadied after sliding in recent weeks in a selloff that has pushed yields to their highest levels in more than a decade. The yield on 10-year Treasurys slipped to 3.398% from 3.482% Tuesday.European stocks and peripheral government bonds in the eurozone rallied after the ECB said it would hold anad hoc meetingWednesday to discuss turbulence in theregion’s bond markets. Investors have dumped southern European government debt of late after the ECB set out plans to wind down its bond-buying program and raise rates to tame inflation.The Stoxx Europe 600 rose 1.1%, led by shares of banks and insurers. Shares of Italian banks, which own a substantial chunk of government bonds, had suffered as the debt fell in price. Intesa Sanpaolo and UniCredit were among the best performers in the European market Wednesday.The euro gained 0.7% to trade at $1.0483. The dollar, meanwhile, fell 0.6% against the WSJ Dollar Index, which tracks the currency against a basket of its peers.“It’s a question of whether there’s something definitive today, or more an explanation of what to do in the future,” said Dorian Carrell, a funder manager at Schroders, of the ECB meeting. The ECB’s response to bond-market disruption is critical to global markets in part because it will influence the dollar, he said.The S&P 500 sank further into bear territory on Tuesday.PHOTO:MICHAEL NAGLE/ZUMA PRESSCryptocurrencies kept tumbling. Bitcoin fell 8.4% to $20,155, putting the digital currency on track for a ninth straight daily loss. Ethereum slid 14%, extending arout in cryptocurrenciesthat has taken a toll on companies including Coinbase Global, which is laying off almost a fifth of its staff, and Celsius Network, a crypto lender now examining restructuring options. Coinbase shares skidded 6.8% in premarket trading.Behind the selloff in crypto, and the recent turbulence in traditional financial markets, is the Fed’s likely change of gears in efforts to douse decadeshigh inflation. For years after the 2008-9 financial crisis, stocks, bonds and more speculative assets climbed as central banks pinned borrowing costs at low levels to goose inflation and economic growth.The pandemic, whose economic effects central banks and governments combated with unprecedented financial stimulus, turbocharged that upward trend. Rampant inflation has prompted the Fed and many of its counterparts to unwind easy-money policies, and the assets that had benefited most from them are suffering.Mr. Carrell said guidance the Fed gives about the direction of interest rates Wednesday is more important for markets than the size of the rate increase. Uncertainty about interest rates has been driving volatility in stock and credit markets, he said.In commodities, Brent-crude futures fell 1.1% to $119.86 a barrel. The International Energy Agency said it expects global demand for oil to rise above prepandemic levels next year, driven by growth in China as it emerges from stop-start lockdowns.","news_type":1,"symbols_score_info":{"YMmain":0.9,"NQmain":0.9,"ESmain":0.9}},"isVote":1,"tweetType":1,"viewCount":556,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9041049450,"gmtCreate":1655987289670,"gmtModify":1676535745411,"author":{"id":"3582705330645740","authorId":"3582705330645740","name":"cwz","avatar":"https://static.tigerbbs.com/b7be4aec5a7e5cab13ac4d2f5ab89a64","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582705330645740","authorIdStr":"3582705330645740"},"themes":[],"htmlText":".","listText":".","text":".","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9041049450","repostId":"1134105323","repostType":4,"repost":{"id":"1134105323","kind":"news","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1655986216,"share":"https://ttm.financial/m/news/1134105323?lang=en_US&edition=fundamental","pubTime":"2022-06-23 20:10","market":"us","language":"en","title":"Nike to Fully Exit Russia, Will Scale Down in Coming Months","url":"https://stock-news.laohu8.com/highlight/detail?id=1134105323","media":"Reuters","summary":"PARIS/COPENHAGEN/LONDON, June 23 (Reuters) - U.S. sportswear maker Nike is making a full exit from R","content":"<html><head></head><body><p>PARIS/COPENHAGEN/LONDON, June 23 (Reuters) - U.S. sportswear maker Nike is making a full exit from Russia, three months after suspending its operations there, the company said in an emailed statement Thursday.</p><p>Nike said on March 3 it would temporarily suspend operations at all its Nike-owned and -operated stores in Russia in response to Moscow&#39;s actions in Ukraine, adding that those still open were operated by independent partners.</p><p>On Thursday, it joined other major Western brands, like McDonald&#39;s and Google, in confirming it will leave the country completely.</p><p>Foreign companies seeking to exit Russia over the war in Ukraine face the prospect of new laws being passed in the coming weeks allowing Moscow to seize assets and impose criminal penalties. That has encouraged some businesses to accelerate their departure.</p><p>&#34;NIKE has made the decision to leave the Russian marketplace. Our priority is to ensure we are fully supporting our employees while we responsibly scale down our operations over the coming months,&#34; the firm said in an emailed statement.</p><p>For Nike, which gets less than 1% of its revenue from Ukraine and Russia combined, the move is largely symbolic rather than material to its results.</p><p>The company has a history of taking a stand on social and political issues, from supporting American football quarterback Colin Kaepernick in his decision to kneel during the national anthem as a protest against racism, to dropping Brazilian soccer star Neymar last year because he refused to cooperate in an investigation into sexual assault allegations.</p><p>Russian media reported in May that Nike had not renewed agreements with its largest franchisee in Russia, Inventive Retail Group (IRG), which operates 37 Nike-branded stores in Russia through its subsidiary Up And Run.</p><p>Shares in Nike were up nearly 1% in premarket U.S. trading.</p></body></html>","collect":0,"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>Nike to Fully Exit Russia, Will Scale Down in Coming Months</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\">\nNike to Fully Exit Russia, Will Scale Down in Coming Months\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-06-23 20:10</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>PARIS/COPENHAGEN/LONDON, June 23 (Reuters) - U.S. sportswear maker Nike is making a full exit from Russia, three months after suspending its operations there, the company said in an emailed statement Thursday.</p><p>Nike said on March 3 it would temporarily suspend operations at all its Nike-owned and -operated stores in Russia in response to Moscow&#39;s actions in Ukraine, adding that those still open were operated by independent partners.</p><p>On Thursday, it joined other major Western brands, like McDonald&#39;s and Google, in confirming it will leave the country completely.</p><p>Foreign companies seeking to exit Russia over the war in Ukraine face the prospect of new laws being passed in the coming weeks allowing Moscow to seize assets and impose criminal penalties. That has encouraged some businesses to accelerate their departure.</p><p>&#34;NIKE has made the decision to leave the Russian marketplace. Our priority is to ensure we are fully supporting our employees while we responsibly scale down our operations over the coming months,&#34; the firm said in an emailed statement.</p><p>For Nike, which gets less than 1% of its revenue from Ukraine and Russia combined, the move is largely symbolic rather than material to its results.</p><p>The company has a history of taking a stand on social and political issues, from supporting American football quarterback Colin Kaepernick in his decision to kneel during the national anthem as a protest against racism, to dropping Brazilian soccer star Neymar last year because he refused to cooperate in an investigation into sexual assault allegations.</p><p>Russian media reported in May that Nike had not renewed agreements with its largest franchisee in Russia, Inventive Retail Group (IRG), which operates 37 Nike-branded stores in Russia through its subsidiary Up And Run.</p><p>Shares in Nike were up nearly 1% in premarket U.S. trading.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NKE":"耐克"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1134105323","content_text":"PARIS/COPENHAGEN/LONDON, June 23 (Reuters) - U.S. sportswear maker Nike is making a full exit from Russia, three months after suspending its operations there, the company said in an emailed statement Thursday.Nike said on March 3 it would temporarily suspend operations at all its Nike-owned and -operated stores in Russia in response to Moscow's actions in Ukraine, adding that those still open were operated by independent partners.On Thursday, it joined other major Western brands, like McDonald's and Google, in confirming it will leave the country completely.Foreign companies seeking to exit Russia over the war in Ukraine face the prospect of new laws being passed in the coming weeks allowing Moscow to seize assets and impose criminal penalties. That has encouraged some businesses to accelerate their departure.\"NIKE has made the decision to leave the Russian marketplace. Our priority is to ensure we are fully supporting our employees while we responsibly scale down our operations over the coming months,\" the firm said in an emailed statement.For Nike, which gets less than 1% of its revenue from Ukraine and Russia combined, the move is largely symbolic rather than material to its results.The company has a history of taking a stand on social and political issues, from supporting American football quarterback Colin Kaepernick in his decision to kneel during the national anthem as a protest against racism, to dropping Brazilian soccer star Neymar last year because he refused to cooperate in an investigation into sexual assault allegations.Russian media reported in May that Nike had not renewed agreements with its largest franchisee in Russia, Inventive Retail Group (IRG), which operates 37 Nike-branded stores in Russia through its subsidiary Up And Run.Shares in Nike were up nearly 1% in premarket U.S. trading.","news_type":1,"symbols_score_info":{"NKE":0.9}},"isVote":1,"tweetType":1,"viewCount":2160,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9057890653,"gmtCreate":1655486333572,"gmtModify":1676535649428,"author":{"id":"3582705330645740","authorId":"3582705330645740","name":"cwz","avatar":"https://static.tigerbbs.com/b7be4aec5a7e5cab13ac4d2f5ab89a64","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582705330645740","authorIdStr":"3582705330645740"},"themes":[],"htmlText":".","listText":".","text":".","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9057890653","repostId":"2244114821","repostType":4,"isVote":1,"tweetType":1,"viewCount":2034,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9055511249,"gmtCreate":1655290330181,"gmtModify":1676535605303,"author":{"id":"3582705330645740","authorId":"3582705330645740","name":"cwz","avatar":"https://static.tigerbbs.com/b7be4aec5a7e5cab13ac4d2f5ab89a64","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582705330645740","authorIdStr":"3582705330645740"},"themes":[],"htmlText":"Thoughts on this, anyone?","listText":"Thoughts on this, anyone?","text":"Thoughts on this, anyone?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9055511249","repostId":"1140203840","repostType":4,"repost":{"id":"1140203840","kind":"news","pubTimestamp":1655289988,"share":"https://ttm.financial/m/news/1140203840?lang=en_US&edition=fundamental","pubTime":"2022-06-15 18:46","market":"sg","language":"en","title":"Frasers Hospitality Trust Is Being Taken Private: 5 Things Investors Need to Know","url":"https://stock-news.laohu8.com/highlight/detail?id=1140203840","media":"The Smart Investor","summary":"The hospitality trust has looked at various ways of realising value for unitholders before proposing","content":"<html><head></head><body><p>The hospitality trust has looked at various ways of realising value for unitholders before proposing this route.</p><p><img src=\"https://static.tigerbbs.com/fb03abf5450a93fccc3d1212c6e9fb8a\" tg-width=\"800\" tg-height=\"533\" width=\"100%\" height=\"auto\"/></p><p>Over the last several years, several REITs have delisted either through mergers or having been taken private.</p><p>These moves have reduced the REITs available for investors as consolidation takes place within the REIT space.</p><p>Last year,<b>ESR-REIT</b>(SGX: J91U) and ARA Logos Logistics Trust went through a S$1.4 billion merger to increase its exposure to new economy assets.</p><p>Earlier this year, <b>Mapletree Commercial Trust</b> (SGX: N2IU) and <b>Mapletree North Asia Commercial Trust</b> (SGX: RW0U) announced a S$4.2 billion merger to form Mapletree Pan-Asian Commercial Trust or MPACT.</p><p>Apart from these two REITs, Soilbuild Business Space REIT was taken private more than a year ago at S$0.53806 per unit.</p><p>The latest REIT to announce that it plans to go private is <b>Frasers Hospitality Trust</b> (SGX: ACV), or FHT.</p><p>Here are five aspects of the transaction that investors should know about.</p><p><b>1. A premium to net asset value</b></p><p>A wholly-owned subsidiary of <b>Frasers Property Limited</b> (SGX: TQ5), or FPL, is offering to privatise FHT through a trust scheme of arrangement.</p><p>The scheme consideration is S$0.70 per unit and represents a slight premium over the trust’s net asset value (NAV) per stapled security of S$0.6534 as of 31 March 2022.</p><p>The price offered is also a 22.8% premium to FHT’s last traded price of S$0.57 as of 7 April and a significant 43.8% premium to the 12-month volume-weighted average price of S$0.487.</p><p>In addition, the consideration of S$0.70 is also higher than the consensus analyst target price of S$0.60 by two brokerages.</p><p>Seen in this light, FHT’s offer from FPL represents a decent opportunity for unitholders to monetise their investment.</p><p><b>2. Tough to grow DPS and NAV</b></p><p>The decision to privatise FHT was not taken lightly and came after a detailed strategic review was conducted in April 2022.</p><p>The trust has attempted to grow its distribution per stapled security (DPS) and NAV since its IPO in July 2014 but has not been successful.</p><p>FHT undertook three acquisitions in total – one in 2015 and two in 2016, and also conducted asset enhancement initiatives (AEI) worth S$61.3 million since IPO.</p><p>The result was that the hospitality trust’s portfolio valuation has increased by 35% since its IPO, but both DPS and NAV have been on a downtrend.</p><p>From its first full fiscal year in fiscal 2016 (FY2016) till FY2021, DPS has been on a steady decline from S$0.054 to S$0.01, in large part due to the COVID-19 pandemic.</p><p>NAV has also been on a sustained downtrend from S$0.83 at IPO to S$0.648 as of FY2021.</p><p>The main culprit was due to the strengthening of the Singapore dollar against FHT’s operating currencies such as the Australian dollar, British pound, Japanese yen, Malaysian ringgit and the Euro.</p><p><b>3. An uncertain recovery for the hotel sector</b></p><p>Despite the reopening of borders and a surge in the number of travellers, the operating metrics for FHT’s assets remain significantly below pre-pandemic levels.</p><p>The revenue per available room (RevPAR) for its various markets remains at depressed levels for the first half of fiscal 2022 (1H2022) compared with FY2019.</p><p>Australia and Malaysia’s RevPAR are down more than 70% while Singapore’s is nearly half of its pre-pandemic level.</p><p>Coupled with rising inflation and an impending sharp rise in interest rates, FHT will have to contend with higher operating and borrowing costs, further delaying its recovery.</p><p><b>4. A vicious cycle</b></p><p>FHT has been caught between a rock and a hard place for some time.</p><p>It has been the second smallest hospitality trust listed on the Singapore stock exchange in terms of asset size and is ranked #32 among other REITs and business trusts in terms of free-float capitalisation.</p><p>Its small size prevents it from being included in the FTSE EPRA NAREIT Index, thereby limiting large funds from investing in it.</p><p>Liquidity is thus poor for the trust, leading to a lower institutional following.</p><p>The REIT’s pre-COVID average distribution yield has hovered around 7.2%, making it tough for the trust to make yield-accretive acquisitions.</p><p>The inability of FHT to attract greater fund flows and its lack of inclusion in a reputable REIT index means that it has no chance for improved valuations, resulting in a vicious cycle.</p><p><b>5. A decent total return</b></p><p>A stapled security unitholder who subscribed for FHT’s IPO and also subscribed for its rights issue on 9 September 2016 will have an average cost of S$0.813 for his units.</p><p>Along with distributions received over the years of S$0.297 plus the scheme consideration of S$0.70 per unit, the total the unitholder will receive is S$0.997, giving a 22.7% return since FHT’s IPO.</p><p>However, when calculated in terms of per annum returns, FHT provides a total return of merely 2.6% since its listing in July 2014.</p></body></html>","source":"lsy1602567310727","collect":0,"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>Frasers Hospitality Trust Is Being Taken Private: 5 Things Investors Need to Know</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\">\nFrasers Hospitality Trust Is Being Taken Private: 5 Things Investors Need to Know\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-15 18:46 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thesmartinvestor.com.sg/frasers-hospitality-trust-is-being-taken-private-5-things-investors-need-to-know/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The hospitality trust has looked at various ways of realising value for unitholders before proposing this route.Over the last several years, several REITs have delisted either through mergers or ...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/frasers-hospitality-trust-is-being-taken-private-5-things-investors-need-to-know/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TQ5.SI":"星狮地产有限公司"},"source_url":"https://thesmartinvestor.com.sg/frasers-hospitality-trust-is-being-taken-private-5-things-investors-need-to-know/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140203840","content_text":"The hospitality trust has looked at various ways of realising value for unitholders before proposing this route.Over the last several years, several REITs have delisted either through mergers or having been taken private.These moves have reduced the REITs available for investors as consolidation takes place within the REIT space.Last year,ESR-REIT(SGX: J91U) and ARA Logos Logistics Trust went through a S$1.4 billion merger to increase its exposure to new economy assets.Earlier this year, Mapletree Commercial Trust (SGX: N2IU) and Mapletree North Asia Commercial Trust (SGX: RW0U) announced a S$4.2 billion merger to form Mapletree Pan-Asian Commercial Trust or MPACT.Apart from these two REITs, Soilbuild Business Space REIT was taken private more than a year ago at S$0.53806 per unit.The latest REIT to announce that it plans to go private is Frasers Hospitality Trust (SGX: ACV), or FHT.Here are five aspects of the transaction that investors should know about.1. A premium to net asset valueA wholly-owned subsidiary of Frasers Property Limited (SGX: TQ5), or FPL, is offering to privatise FHT through a trust scheme of arrangement.The scheme consideration is S$0.70 per unit and represents a slight premium over the trust’s net asset value (NAV) per stapled security of S$0.6534 as of 31 March 2022.The price offered is also a 22.8% premium to FHT’s last traded price of S$0.57 as of 7 April and a significant 43.8% premium to the 12-month volume-weighted average price of S$0.487.In addition, the consideration of S$0.70 is also higher than the consensus analyst target price of S$0.60 by two brokerages.Seen in this light, FHT’s offer from FPL represents a decent opportunity for unitholders to monetise their investment.2. Tough to grow DPS and NAVThe decision to privatise FHT was not taken lightly and came after a detailed strategic review was conducted in April 2022.The trust has attempted to grow its distribution per stapled security (DPS) and NAV since its IPO in July 2014 but has not been successful.FHT undertook three acquisitions in total – one in 2015 and two in 2016, and also conducted asset enhancement initiatives (AEI) worth S$61.3 million since IPO.The result was that the hospitality trust’s portfolio valuation has increased by 35% since its IPO, but both DPS and NAV have been on a downtrend.From its first full fiscal year in fiscal 2016 (FY2016) till FY2021, DPS has been on a steady decline from S$0.054 to S$0.01, in large part due to the COVID-19 pandemic.NAV has also been on a sustained downtrend from S$0.83 at IPO to S$0.648 as of FY2021.The main culprit was due to the strengthening of the Singapore dollar against FHT’s operating currencies such as the Australian dollar, British pound, Japanese yen, Malaysian ringgit and the Euro.3. An uncertain recovery for the hotel sectorDespite the reopening of borders and a surge in the number of travellers, the operating metrics for FHT’s assets remain significantly below pre-pandemic levels.The revenue per available room (RevPAR) for its various markets remains at depressed levels for the first half of fiscal 2022 (1H2022) compared with FY2019.Australia and Malaysia’s RevPAR are down more than 70% while Singapore’s is nearly half of its pre-pandemic level.Coupled with rising inflation and an impending sharp rise in interest rates, FHT will have to contend with higher operating and borrowing costs, further delaying its recovery.4. A vicious cycleFHT has been caught between a rock and a hard place for some time.It has been the second smallest hospitality trust listed on the Singapore stock exchange in terms of asset size and is ranked #32 among other REITs and business trusts in terms of free-float capitalisation.Its small size prevents it from being included in the FTSE EPRA NAREIT Index, thereby limiting large funds from investing in it.Liquidity is thus poor for the trust, leading to a lower institutional following.The REIT’s pre-COVID average distribution yield has hovered around 7.2%, making it tough for the trust to make yield-accretive acquisitions.The inability of FHT to attract greater fund flows and its lack of inclusion in a reputable REIT index means that it has no chance for improved valuations, resulting in a vicious cycle.5. A decent total returnA stapled security unitholder who subscribed for FHT’s IPO and also subscribed for its rights issue on 9 September 2016 will have an average cost of S$0.813 for his units.Along with distributions received over the years of S$0.297 plus the scheme consideration of S$0.70 per unit, the total the unitholder will receive is S$0.997, giving a 22.7% return since FHT’s IPO.However, when calculated in terms of per annum returns, FHT provides a total return of merely 2.6% since its listing in July 2014.","news_type":1,"symbols_score_info":{"TQ5.SI":0.9,"ACV.SI":0.9}},"isVote":1,"tweetType":1,"viewCount":837,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":187429738619104,"gmtCreate":1686786837405,"gmtModify":1686786841019,"author":{"id":"3582705330645740","authorId":"3582705330645740","name":"cwz","avatar":"https://static.tigerbbs.com/b7be4aec5a7e5cab13ac4d2f5ab89a64","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582705330645740","authorIdStr":"3582705330645740"},"themes":[],"htmlText":"Let's&nbsp;go! 🔥🔥🔥🔥🔥","listText":"Let's&nbsp;go! 🔥🔥🔥🔥🔥","text":"Let's go! 🔥🔥🔥🔥🔥","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/187429738619104","isVote":1,"tweetType":1,"viewCount":2013,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":187429562679544,"gmtCreate":1686786796847,"gmtModify":1686786800718,"author":{"id":"3582705330645740","authorId":"3582705330645740","name":"cwz","avatar":"https://static.tigerbbs.com/b7be4aec5a7e5cab13ac4d2f5ab89a64","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582705330645740","authorIdStr":"3582705330645740"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/187429562679544","repostId":"9970552986","repostType":1,"repost":{"id":9970552986,"gmtCreate":1684749089245,"gmtModify":1686052573124,"author":{"id":"3527667667103859","authorId":"3527667667103859","name":"TigerEvents","avatar":"https://community-static.tradeup.com/news/c266ef25181ace18bec1262357bbe1a8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3527667667103859","authorIdStr":"3527667667103859"},"themes":[],"title":"Light up your investing with Tiger, play and win prizes worth up to USD 999","htmlText":"Join our exclusive \"Light up Your Investing\" campaign with Tiger!Participate in our game and win fantastic prizes worth up to USD 999*!Unveil the allure of various regions as you progress through exciting game levels.But wait, there's more! 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Let's fly to the moon together!Don't miss out on this egg-citing opportunity to win BIG! Join the game now and hop on your way to victory. 🥳🐣<a href=\"https://www.tigerbrokers.com.sg/activity/market/2023/easter/?adcode=20230316162207#/\" target=\"_blank\">Join our Easter campaign now</a>","text":"🐰🌷 Hop into the Easter spirit and join our \"Tiger's Egg Hunting\" game! 🎉Stand to win free Disney stocks and a USD 120 cash voucher!🎁🌟Our interactive Easter game is open to Tigers, and it's so easy to play! Simply jump and catch the egg, and you could be a lucky winner. 🐇That's not all. You can also invite your friends to join in the fun to earn more points. Plus, you can challenge your friends for a race up the leaderboard. Let's fly to the moon together!Don't miss out on this egg-citing opportunity to win BIG! Join the game now and hop on your way to victory. 🥳🐣Join our Easter campaign now","images":[{"img":"https://community-static.tradeup.com/news/c90a7371a3bcd1e6c552d2aa23f72c33","width":"1200","height":"630"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943960936","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":2029,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9922009717,"gmtCreate":1671639723740,"gmtModify":1676538568999,"author":{"id":"3582705330645740","authorId":"3582705330645740","name":"cwz","avatar":"https://static.tigerbbs.com/b7be4aec5a7e5cab13ac4d2f5ab89a64","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582705330645740","authorIdStr":"3582705330645740"},"themes":[],"htmlText":"Hello everyone!","listText":"Hello everyone!","text":"Hello everyone!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9922009717","isVote":1,"tweetType":1,"viewCount":2610,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9962323663,"gmtCreate":1669726394453,"gmtModify":1676538230002,"author":{"id":"3582705330645740","authorId":"3582705330645740","name":"cwz","avatar":"https://static.tigerbbs.com/b7be4aec5a7e5cab13ac4d2f5ab89a64","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582705330645740","authorIdStr":"3582705330645740"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9962323663","repostId":"9963969638","repostType":1,"repost":{"id":9963969638,"gmtCreate":1668567458425,"gmtModify":1677745765888,"author":{"id":"3527667667103859","authorId":"3527667667103859","name":"TigerEvents","avatar":"https://community-static.tradeup.com/news/c266ef25181ace18bec1262357bbe1a8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3527667667103859","authorIdStr":"3527667667103859"},"themes":[],"title":"Join Tiger's Football Season, share the prizes worth up to US$200,000","htmlText":"This year is the year of football, the Qatar World Cup, AFF championship, make the following days a big carnival for football fans all around the world!&nbsp;While you enjoy your football carnival, don't forget to join in Tiger's Football Season on Tiger Trade App, and share the prizes worth up to USD 200,000!Play the \"Perfect Goals\" game with us, and feel the score moment by only pressing the button.Keep completing the daily tasks and play the game, win more points to redeem stock vouchers worth up to USD 2,000 or AFF tickets, and the top prize - the free journey of watching the AFF finals!You can also predict a football match of the World Cup or AFF Championship, and cheer for your home team.Besides, you may obtain the Tiger Football Card by participating in the campaign every day.Goalke","listText":"This year is the year of football, the Qatar World Cup, AFF championship, make the following days a big carnival for football fans all around the world!&nbsp;While you enjoy your football carnival, don't forget to join in Tiger's Football Season on Tiger Trade App, and share the prizes worth up to USD 200,000!Play the \"Perfect Goals\" game with us, and feel the score moment by only pressing the button.Keep completing the daily tasks and play the game, win more points to redeem stock vouchers worth up to USD 2,000 or AFF tickets, and the top prize - the free journey of watching the AFF finals!You can also predict a football match of the World Cup or AFF Championship, and cheer for your home team.Besides, you may obtain the Tiger Football Card by participating in the campaign every day.Goalke","text":"This year is the year of football, the Qatar World Cup, AFF championship, make the following days a big carnival for football fans all around the world! While you enjoy your football carnival, don't forget to join in Tiger's Football Season on Tiger Trade App, and share the prizes worth up to USD 200,000!Play the \"Perfect Goals\" game with us, and feel the score moment by only pressing the button.Keep completing the daily tasks and play the game, win more points to redeem stock vouchers worth up to USD 2,000 or AFF tickets, and the top prize - the free journey of watching the AFF finals!You can also predict a football match of the World Cup or AFF Championship, and cheer for your home team.Besides, you may obtain the Tiger Football Card by participating in the campaign every day.Goalke","images":[{"img":"https://community-static.tradeup.com/news/e8c9b6ab16214df413c77708cf5957bf","width":"404","height":"707"},{"img":"https://community-static.tradeup.com/news/6f0ddb54cc9e55b9b9b59a0c9908bfb5","width":"358","height":"471"},{"img":"https://community-static.tradeup.com/news/d9cc4adf57a9972e62e94d321ecc6734","width":"402","height":"712"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9963969638","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":4,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":2117,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}