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Singapore Airlines (NEUTRAL; Target Price: S$10.50)

We leave our target price and estimates unchanged and maintain our

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First REIT (HOLD; Target Price: S$1.20)

First REIT (FREIT) reported its 2Q13 results which were within our

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Courts Asia (BUY; Target Price: S$1.49)

In the past, Courts had operations in Indonesia, Thailand, Singapore and

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Ascendas REIT (HOLD; Target Price: S$2.63)

Ascendas REIT (A-REIT) reported its 4QFY13 results. NPI came in at

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Cache Logistics Trust (HOLD; Target Price: S$1.24)

3Q12 revenue at S$19.1 million was 27 per cent of

ListCos

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Treasury China Trust Books 19.7 Per cent Rise in Net Property Income

Treasury China Trust Limited (TCT)

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Biosensors International Group (BUY; Target Price: S$1.57)

Since our post FY13 results report, BIG’s share price has