OCBC upgraded DBS to Buy after the stock’s recent drop, and pointed to reasons concerns over potential interest rate cuts may be overdone.
These are Singapore companies which may be in focus Wednesday, 19 June 2019: BofA-ML fund manager survey, Sembcorp Industries, SGX, CapitaLand and Hyflux.
Sembcorp Industries said Tuesday it entered a long-term deal with Experia Events for a 6.3 MW peak rooftop solar system on the Changi Exhibition Centre.
CapitaLand transferred its entire 49 percent stake in MCRE to Five Square Properties for around S$100.9 million, the property developer said Tuesday.
SGX said Tuesday it is licensing three futures-based indexes based on the MSCI Emerging Markets futures to Taiwan ETF provider Yuanta SITC.
These are Singapore companies which announced share buybacks Tuesday, 18 June 2019: OCBC, Olam International, Boustead Singapore and Stamford Land.
Keppel Infrastructure Trust proposed Tuesday issuing a second tranche of S$100 million 4.75 percent subordinated perpetual securities.
Global fund managers are at their most pessimistic since the Global Financial Crisis amid trade war concerns, the BofA-ML survey for June found.
UOB KayHian started ARA US Hospitality Trust at Buy with a target price of US$1.15, pointing to its higher-margin niche of upscale select-service hotels.
These are Singapore companies which may be in focus Tuesday, 18 June 2019: Singapore Airlines, Sembcorp Industries, Singtel, ESR-REIT and Singapore property.
ESR-REIT said Tuesday it set the price for its private placement at S$0.515, the bottom of the S$0.515 to S$0.525 range, after a book-building process.
Singapore Airlines group passenger carriage rose 8.0 percent on-year in May, faster than capacity growth of 6.8 percent, the carrier said Monday.
These are Singapore companies which announced share buybacks on Monday, 17 June 2019: OCBC, Olam, Stamford Land, Jardine Strategic and Boustead Singapore.
Singapore’s new private home sales bumped up 29.5 percent on-month to 952 in May, after developers launched more units, according to URA data Monday.
Sembcorp Industries said Monday it plans to subscribe to additional shares in its India energy arm, SEIL, to support the renewable energy business’ growth.
Airtel Africa set the price range Monday for its initial public offering (IPO) at 80 pence to 100 pence a share, the telco said in a filing to the LSE.
Singapore banks have increased their share buybacks even as their stocks have dropped, signaling emerging value, Maybank KimEng said Friday.
MindChamps PreSchool entered a deal to acquire all of MindChamps PreSchool @ Buangkok from Zhao ShuZhen for S$3.23M, the preschool operator said Monday.
Cordlife’s S$1.25B all-share bid for Global Cord Blood Corp. (GCB) is “strongly positive,” marking a “great leap” into the mainland China market, SCCM said.
ESR-REIT said Monday it plans S$45.7 million of asset enhancement initiatives (AEIs) for two existing properties, including plans to build a new facility.
ESR-REIT said Monday it launched an equity fundraising, including a private placement and a preferential offering, to raise up to around S$150 million.
ESR-REIT said Monday it entered a joint venture with Poh Tiong Choon Logistics (PTC) to acquire a property at 48 Pandan Road for S$225 million.
These are Singapore companies which may be in focus on Monday, 17 June 2019: Indofood Agri, SGX, Ascendas India Trust and BreadTalk.
Singapore’s residential property market took a hit last year from fresh cooling measures, but the outlook may have turned toward a Goldilocks scenario.
Hyflux said late Friday it has received another non-binding letter of intent for a potential investment, with preliminary due diligence underway.