Core Insights - International Endeavors Corporation, operating under the brand name "ModuLink," focuses on property development using modular integrated construction technology, along with proprietary atmospheric water generation and IoT property management systems [1][7]. Company Developments - On March 28, 2025, the company entered into a Share Exchange Agreement to acquire 100% of ModuLink Investment Limited by issuing 2,356,712,066 shares of common stock, completing the transaction on May 1, 2025 [4]. - The U.S. Securities and Exchange Commission approved the company's Form 10 registration statement on September 29, 2025, enhancing transparency and credibility, which is expected to boost investor confidence and growth opportunities [5]. - On October 20, 2025, the company filed an application to change its corporate name to "ModuLink Inc.," aligning its corporate identity with its core operating business and emphasizing a commitment to innovation and shareholder value [6]. Upcoming Events - CEO William Fu will present live at the AI & Technology Conference on October 28, 2025, allowing real-time interaction with investors [1][2].

订立合资事项可使本集团拓展其物业开发业务。透过合资事项架构，本集团可有效分散开发风险，并利 用其他合资股东的互补资源、经验及专长，提升项目执行效率及长期回报。 LHN(01730)发布公告，本公司的间接全资附属公司WPS(TPY)Pte.Ltd.(WPSTPY)已与Macritchie Developments Pte.Ltd.(MAC)、KSH Blazar Pte.Ltd.(KSHB)、CP-Tagore Pte.Ltd.(CP)、Soon Hock Fortune Pte.Ltd.(SHF)、Petrus Capital Holdings Pte.Ltd.(PCH)、Tay Lian Xie Tarol(TAY)、Chin Hong Oon(CHO) (WPSTPY、MAC、KSHB、CP、SHF、PCH、TAY及CHO各称"合资股东"，统称"合资股东")及 Thomson Gem Pte.Ltd.(合资公司)订立一份日期为2025年10月22日的合资协议(协议)，合资公司将配发及 发行新股份，而合资股东将认购合资公司的新股份(合资事项)。除MAC为本集团的现有合资伙伴外， KSHB、CP、SHF、PC ...

The Crown Estate, the property company that generates income for King Charles III, has bought a site in Oxfordshire as part of a life sciences development project worth as much as $6 billion once complete https://t.co/TmQn3pMVq3 ...

Summary of Key Points from the Conference Call Industry Overview - **China's Economic Conditions**: The report highlights the current economic conditions in China, focusing on various sectors including real estate, trade, and fiscal policies. Core Insights and Arguments - **Property Sales Decline**: Property sales in 30 major cities dropped significantly to -25% YoY in the first 18 days of October from a growth of 7% YoY in September, indicating a substantial slowdown due to a high base effect from previous policy stimulus [2][17] - **Weakening Auto Sales**: Auto retail sales fell to -8% YoY in the first 12 days of October, down from 6% YoY in September, reflecting a decline in consumer demand [2][13] - **Port Activity**: Port cargo throughput growth moderated to 2% YoY in early October from 7% YoY in September, suggesting a slowdown in trade activities [2][18] - **Container Freight Index**: The China Container Freight Index (CCFI) decreased by -4% WoW, averaging a -31% YoY decline, indicating challenges in shipping and logistics [2][16] - **CPI and PPI Trends**: September's Consumer Price Index (CPI) showed a slight improvement to -0.3% YoY from -0.4% YoY, while the Producer Price Index (PPI) narrowed its decline to -2.3% YoY from -2.9% YoY, reflecting mixed inflationary pressures [3][27] - **Total Social Financing (TSF)**: TSF growth edged down to 8.7% YoY, with new RMB loans recorded at RMB 1.29 trillion, which was softer than expected and about RMB 300 billion below the previous year [4][20] - **Trade Growth**: China's export growth accelerated to 8.3% YoY in September, up from 4.4% YoY, with imports also surprising positively at 7.4% YoY, marking the strongest growth since April 2024 [6][30] Additional Important Insights - **Fiscal Conditions**: General fiscal revenue growth improved to 2.6% YoY in September, with tax revenue increasing significantly, while local land sales revenue showed a narrowing decline [7][24] - **US-China Trade Relations**: There are signs of de-escalation in US-China trade tensions, with discussions for a new round of trade talks anticipated, which could impact future tariffs and trade policies [8] - **Upcoming Economic Data**: Expectations for upcoming economic data include a narrower YoY decline in property sales and continued deep declines in property investment, alongside a moderated GDP growth forecast of 4.7% YoY for Q3 [9] This summary encapsulates the critical insights from the conference call, providing a comprehensive overview of the current economic landscape in China and its implications for various sectors.

Abu Dhabi’s largest property developer generates $354 million from selling properties in three planned buildings at its Yas Living project https://t.co/pqs5juSdgM ...

Group 1: US-China Trade Tensions - Concerns over a revived trade war between the US and China have led to significant declines in global markets, with Korean stocks (KOSPI) dropping over 2% and Chinese equities also tumbling [2][8] - US President Donald Trump's hints at new tariffs on China have reignited fears of escalating trade disputes, contributing to market volatility [2][8] Group 2: Gold and Silver Market Response - Gold prices surged to an all-time high, exceeding US$4,000 per ounce, marking an eighth consecutive weekly gain as investors sought safe-haven assets amid geopolitical uncertainties [3][8] - Spot silver rose 2.2% to US$50.21 per ounce, supported by supply deficit concerns and increasing industrial demand [3] Group 3: Corporate Developments - Tesla has introduced lower-priced Model Y variants in Europe, reducing prices by up to 10,000 euros in some markets to enhance competitiveness against European and Chinese EV brands [9][8] - China Vanke's chairman, Xin Jie, resigned amid liquidity challenges, with Huang Liping elected as the new chairman [10] - Taiwan's semiconductor industry is not expected to be significantly impacted by China's expanded rare-earth export controls, as the restricted elements are not essential for chip manufacturing [11] Group 4: Geopolitical Developments - UK Prime Minister Keir Starmer attended the Sharm El Sheikh Peace Summit to finalize a US-brokered peace agreement aimed at ending the Gaza conflict, which includes a potential hostage exchange [5][8] - President Trump warned Russia about the potential provision of long-range Tomahawk missiles to Ukraine if the conflict does not resolve soon, raising geopolitical tensions [6]

Core Viewpoint - Sustained high interest rates have negatively impacted property developers, but with expectations of lower rates, opportunities for recovery and growth are emerging for key players in the sector [1][16]. CapitaLand Investment (CLI) - CLI operates with a fee-driven model, providing a defensive option for real estate exposure, with recurring fee income increasing by 5% YoY to S$572 million, accounting for over 50% of total revenue [2][5]. - Assets under Management grew by 17% YoY to S$117 billion, with a resilient lodging platform showing a 5% YoY increase in Revenue per Available Unit (RevPar) to S$88 [3]. - CLI's capital recycling reached S$584 million year-to-date as of 13 August 2025, and new acquisitions include properties in Australia and a data center in Singapore [4]. City Developments Limited (CDL) - CDL reported a 54% increase in volume and a 90% increase in sales value YoY for its Singapore residential segment, with 903 units sold [6]. - Despite a 24% YoY decline in revenue to S$1.04 billion, the company maintains a solid take-up rate with around 740 unsold units from a pipeline of approximately 2,260 units [7][8]. - CDL's hotel operations, contributing 43.5% of revenue, reported a 0.5% YoY increase in RevPAR to S$155.6, driven by a 1.7% increase in average room rate [9]. UOL Group (UOL) - UOL's residential segment showed strong momentum with new launches achieving high sell-through rates, such as Parktown Residence at 92% [13][14]. - The company reported high occupancy levels in office and retail segments at 96.6% and 97.3%, respectively, while hotel performance improved with average RevPAR increasing by 9.1% YoY to S$180.30 [14]. - UOL has a low net gearing ratio of 0.25 times and an interest coverage ratio of seven times, indicating a balanced debt profile with 69% of debt being fixed-rate [15]. Sector Outlook - Falling interest rates are expected to improve margins for property developers, enhancing affordability and driving residential demand [16]. - The hospitality segment is poised for recovery due to tourism rebound and reduced refinancing costs, while commercial properties and fund management platforms are likely to benefit from improved valuations and increased capital flows [17]. Investment Opportunities - CLI offers a defensive investment with earnings resilience through its capital-light model and expanding lodging platform [18]. - CDL presents a more cyclical investment opportunity with potential upside from hotel recovery and residential sales momentum [18]. - UOL provides a balanced approach with a diversified portfolio across residential, commercial, and hospitality assets, combining stability with growth potential [19].

Core Insights - The article emphasizes the stability and reliability of dividends from Singapore's blue-chip companies, highlighting the appeal of consistent cash returns amidst market volatility [1][2] Company Summaries Hongkong Land (SGX: H02) - Hongkong Land reported a strong recovery in 1H2025, achieving an underlying profit of US$297 million, a significant turnaround from a US$7 million loss in the previous year [3] - Excluding non-cash provisions, underlying profit increased by 11% YoY to US$320 million, driven by residential completions in Singapore and reduced provisions in China [4] - The company declared an interim dividend of US$0.06 per share, maintaining the same level as the prior year, reflecting confidence in its financial health [5] Jardine Matheson (SGX: J36) - Jardine Matheson experienced a 1% YoY decline in revenue to US$17.1 billion, primarily due to weak auto sales in Indonesia, but underlying profit attributable surged by 45% to US$798 million [7] - The profit increase was supported by strong performances from DFI Retail and Jardine Pacific, alongside an 11% gain from Hongkong Land's residential completions [8] - The company maintained its interim dividend at US$0.60 per share, with a robust financial position evidenced by a reduction in net debt to US$9.7 billion [9] Singapore Exchange (SGX: S63) - Singapore Exchange reported record revenue of S$1.3 billion for FY2025, an 11.7% increase YoY, with growth across all business segments [11] - Free cash flow surged by 40.3% to S$773.6 million, indicating improved operational efficiency [12] - The company proposed a final quarterly dividend of S$0.105, raising the total for FY2025 to S$0.375 per share, an 8.7% increase from the previous year [13]

Summary of the Conference Call on China Property Industry Industry Overview - The conference call focuses on the **China Property** industry, particularly the outlook for the fourth quarter of 2025 and the performance of State-Owned Enterprises (SOEs) versus Private-Owned Enterprises (POEs) in the sector [2][4][10]. Key Points and Arguments 1. **Muted Nationwide Policy**: - The expectation is that meaningful nationwide housing stimulus will remain muted in 4Q 2025 due to several factors: - Recent home price declines have been steady but less severe compared to the period before the 2024 housing stimulus [4][10]. - No new risk points have emerged from weakened property sales [4]. - The property sector's role in driving GDP growth has diminished [4]. - Housing is unlikely to be a focus in the upcoming Fourth Plenary Session [4]. 2. **Weak Physical Market Anticipated**: - The market has priced in deeper year-on-year declines in property sales for 4Q based on: - High-frequency data indicating wider year-on-year declines [5]. - Continued deterioration in secondary listing prices and volumes [5]. - Marginal easing in tier 1 cities [5]. - An escalating base effect due to easing measures in September of the previous year [5]. - Any better-than-expected performance from individual developers could be seen as an upside surprise [5]. 3. **Stock Recommendations**: - The call suggests accumulating positions in quality SOEs, particularly **CR Land** and **C&D**, which are expected to outperform due to their strong sales potential amid margin recovery [6][10][11]. - Caution is advised regarding POEs, as their older and depleting landbanks may negatively impact sales and earnings [6]. 4. **Long-term and Tactical Stock Ideas**: - **CR Land (1109.HK)**: Expected business transformation and potential upward revisions on mall rentals [11]. - **C&D (1908.HK)**: Anticipated strong launches of high-margin projects leading to a projected earnings CAGR of over 15% from 2024 to 2027 [11]. - Tactical plays include **COLI (0688.HK)**, **Jinmao (0817.HK)**, and **Yuexiu**, which are seen as fundamental beneficiaries due to their below-peer price-to-book ratios [11][12]. 5. **Consumption Beneficiary**: - **CR Mixc (1209.HK)** is highlighted for its positive same-store sales growth and improving cash collection, which enhances dividend visibility [12]. Additional Important Insights - The overall sentiment indicates a cautious outlook for the property market, with expectations of continued challenges in the near term [4][5]. - The call emphasizes the importance of selecting quality SOEs for potential investment, given the anticipated market pull-back [6][10]. - Analysts express a belief that the current environment may present a good entry point for investors looking for quality assets in the property sector [2][6]. This summary encapsulates the key insights and recommendations from the conference call regarding the China Property industry, focusing on the anticipated market conditions and stock performance outlook for the fourth quarter of 2025.

Core Viewpoint - Hong Kong property developer New World Development has secured a term loan facility of up to HK$5.9 billion (approximately $758.62 million) from Deutsche Bank [1] Group 1: Company Information - New World Development is a property developer based in Hong Kong [1] - The company has successfully obtained a significant loan facility to support its operations [1] Group 2: Financial Details - The term loan facility amounts to HK$5.9 billion, which is equivalent to $758.62 million [1]