DBS upgraded to Buy by OCBC after stock’s recent correction
OCBC upgraded DBS to Buy after the stock’s recent drop, and pointed to reasons concerns over potential interest rate cuts may be overdone.
June 2019
Singapore stocks to watch Wednesday: Fund manager survey, Sembcorp, SGX, CapitaLand, Hyflux
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 to build solar energy system to power Changi Exhibition Centre
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 sells 49 percent stake in UAE-based MCRE for S$101 million
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 licensed three futures-based indexes to Taiwan ETF provider Yuanta SITC
SGX said Tuesday it is licensing three futures-based indexes based on the MSCI Emerging Markets futures to Taiwan ETF provider Yuanta SITC.
Singapore share buybacks Tuesday: OCBC, Olam, Boustead Singapore, Stamford Land
These are Singapore companies which announced share buybacks Tuesday, 18 June 2019: OCBC, Olam International, Boustead Singapore and Stamford Land.
Keppel Infrastructure Trust plans S$100 million perpetual security issu
Keppel Infrastructure Trust proposed Tuesday issuing a second tranche of S$100 million 4.75 percent subordinated perpetual securities.
Fund managers turn most bearish since financial crisis, June BofA-ML survey finds
Global fund managers are at their most pessimistic since the Global Financial Crisis amid trade war concerns, the BofA-ML survey for June found.
ARA US Hospitality Trust started at Buy by UOB KayHian
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.
UPDATE: Singapore stocks to watch Tuesday: SIA, Sembcorp, Singtel, ESR-REIT, property, Keppel-KBS US REIT
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 sets price for private placement at bottom of range
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 May group passenger carriage rose 8 percent
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.
Singapore share buybacks Monday: OCBC, Olam, Jardine Strategic, Stamford Land, Boustead Singapore
These are Singapore companies which announced share buybacks on Monday, 17 June 2019: OCBC, Olam, Stamford Land, Jardine Strategic and Boustead Singapore.
Singapore new private home sales pick up in May amid ‘price-sensitive’ demand
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 to inject fresh equity into India renewables business
Sembcorp Industries said Monday it plans to subscribe to additional shares in its India energy arm, SEIL, to support the renewable energy business’ growth.
Singtel-tied Airtel Africa sets price range for LSE IPO to raise more than S$1 billion
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.
Maybank KE: Singapore banks’ share buybacks signal value is emerging
Singapore banks have increased their share buybacks even as their stocks have dropped, signaling emerging value, Maybank KimEng said Friday.
MindChamps PreSchool to acquire all of Buangkok school for around S$3 million
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 bid for Global Cord Blood ‘strongly positive,’ analyst says
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 plans asset enhancement and expansion at two properties
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 launches equity fundraising to raise up to around S$150 million
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 enters joint venture with PTC to acquire Pandan Road property
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.
UPDATE: Singapore stocks to watch Monday: Indofood Agri, SGX, Ascendas India Trust, BreadTalk, Hyflux
These are Singapore companies which may be in focus on Monday, 17 June 2019: Indofood Agri, SGX, Ascendas India Trust and BreadTalk.
Has Singapore’s residential property hit the goldilocks zone?
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 receives new non-binding offer for potential investment
Hyflux said late Friday it has received another non-binding letter of intent for a potential investment, with preliminary due diligence underway.
