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.
Stocks
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.
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.
Ascendas India Trust to acquire BlueRidge 3 project
Ascendas India Trust said Friday it entered a deal to acquire BlueRidge 3, an IT/ITES special economic zone development located at Hinjewadi, Pune.
Singapore share buybacks Friday: Olam, Stamford Land, Boustead Singapore
These are Singapore companies which announced share buybacks on Friday, 14 June 2019: Olam, Stamford Land and Boustead Singapore.
BreadTalk launches first Wu Pao Chun Bakery outlet in Singapore
BreadTalk launched the first Wu Pao Chun Bakery outlet in Singapore, with a Capitol Singapore location, the bun maker said in a filing to SGX Friday.
Financial Adviser: Indofood Agri takeover bid ‘not fair but reasonable’
The S$0.3275 a share takeover bid for Indofood Agri is “not fair but reasonable,” the independent financial adviser for recommending directors has said.
Yanlord Land sells Suzhou Rendao Enterprise for around 9 million yuan
Yanlord Land sold its 100 percent interest in Suzhou Rendao Enterprise Management for 9.25 million yuan in cash, the China property developer said Friday.
UPDATE: Singapore stocks to watch Friday: Singtel, Frasers Property, FLT, CapitaLand, LMIRT, ESR
These are Singapore companies which may be in focus on Friday, 14 June 2019: Frasers Logistics Trust, CapitaLand, LMIR Trust, ESR and Chip Eng Seng.
Frasers Property Australia and ESR Australia acquire Melbourne site, obtain Nissan as tenant
Frasers Property and ESR Australia said Friday they acquired a 4.67 hectare site in Melbourne, and secured Nissan Motor Co. Australia as the anchor tenant.
Singtel Optus prices 500 million euro 10-year notes
Singtel Optus’ wholly owned subsidiary Optus Finance priced 500 million euro 0-year fixed-rate notes at 1.0 percent, Singtel said Friday.
Frasers Logistics Trust enters deal to divest 50 percent of Queensland property for A$134 million
Frasers Logistics & Industrial Trust said Thursday it entered a deal to divest 50% of a Queensland property to an entity managed by DWS for A$134.2M.
UPDATE: Singapore share buybacks Thursday: OCBC, Olam, Jardine Strategic, Boustead Singapore
These are Singapore companies which announced share buybacks on Thursday, 13 June 2019: OCBC, Olam, Jardine Strategic and Boustead Singapore.
LMIR Trust prices US$250 million five-year bond offering
LMIR Trust said Thursday it priced a US$250M five-year bond offering at 7.25%, in Asia’s first U.S. dollar high-yield bond issued by a REIT.
Maybank IB: Malaysia banks’ 1Q19 results ‘somber’ as net interest margins drop
Malaysia’s banks posted lackluster 1Q19 earnings with more misses than hits, as net interest margins fell and capital markets slowed, Maybank IB said.
RHB: Thai Beverage set to outperform other Singapore consumer plays
RHB tipped Thai Beverage as one of its top picks among Singapore’s listed consumer plays amid an upbeat outlook for Thailand’s beer consumption.
GIC and Polymer Connected tie up for Jakarta data center campus
Singapore state-owned investment company GIC said Thursday it tied up with data-center provider Polymer Connected to develop a Jakarta data center campus.
Hi-P International upgraded by Maybank KE, but trade war tempers outlook
Maybank KimEng upgraded contract manufacturer Hi-P to Hold from Sell, saying the negatives are priced in after the stock’s 22 percent drop since late April.
Oxley Holdings started at Buy by RHB on ‘major property sector bargain’
RHB started Oxley Holdings at Buy with a S$0.41 target price, calling it a “major property sector bargain” and “significantly undervalued.”
