Sign in to continue:

Thursday, April 2nd, 2026

CAREIT Secures Approval for Westlite Ubi Expansion: 540 New Beds and 1.5% FY28 DPU Accretion Expected 1

Broker Name: DBS
Excerpt from DBS report

Report Summary

  • CAREIT has received approval to develop an additional 6-storey block at Westlite Ubi, increasing bed capacity by 540 (from 1650 to 2190).
  • Development work starts in 2Q26, taking 1.5 years, with costs estimated at SGD27-32m and funded internally, raising gearing by a manageable +1.8ppt.
  • Expected full-year accretion to FY28 DPU is +1.5% on completion, highlighting management’s strong execution and making CAREIT a top sector pick with a target price of SGD1.30.
above is an excerpt from a report by DBS. Clients of DBS can be the first to access the full report from the DBS website: https://www.dbs.com.sg

Singapore Market Update: Institutional Fund Flows, Top Stock Picks, and Corporate News – July 2025

Lim & Tan Securities 16 July 2025 Singapore Market Insights:...

Market Pulse: Global Stocks React to US Tariffs as Singapore’s STI Rises 1.4%

Comprehensive Analysis of Key Companies – OCBC Investment Re...

JD.com 4Q25 Preview: Slowed Retail Growth, Resilient Food Delivery, and Strong Capital Returns Outlook 1

Broker Name: DBS Date of Report: Inferred to be early 2025 (...

   Ad