SG stocks Fri., 2 Dec. 2021: Cuscaden Peak, SPH, CityDev, LMIRT, Sembcorp, FLCT, CapitaLand Investment, Temasek, UOL, AEM, SIA Engineering, MLT and Spackman.
ARA LOGOS Logistics Trust
SG stake changes Thursday, 2 Dec. 2021: SPH REIT, ALOG, Venture, UOL and Wee Investments, AEM, Sabana REIT, Quarz, AREIT and Geo Energy.
SCCM boosted its forecasts for ESR-REIT on expectations of a “robust” 2022 and on the merger with ARA LOGOS Logistics Trust.
Singapore companies in focus Fri., 5 Nov. 2021: Temasek, SembMarine, CLI, ESR Cayman, ARA Asset, Venture, Raffles Education, Cromwell European REIT, Prime US REIT, OCBC and UOB.
Shareholders of ESR Cayman have approved the bid to acquire ARA Asset Management for US$5.2 billion, according to HKEx and SGX filings
Singapore companies in focus Tues., 26 Oct. 2021: Sembcorp, Gallant, Keppel DC REIT, Mapletree Logistics, ESR-REIT, ALOG and Sri Trang Agro.
ARA LOGOS Logistics Trust reported Tuesday its 3Q21 net property income increased 13.9% on-year, boosted by its Australian acquisitions.
ESR-REIT said Monday a key consideration in setting its bid for ARA LOGOS Logistics Trust was the 52-week historical highs of their units.
Singapore companies in focus Fri., 22 Oct. 2021: Raffles Education, Sabana REIT, Chip Eng Seng, CLI, AREIT, AEM, Temasek, ALOG and The Hour Glass.
Stocks in focus Monday, 18 October 2021: SIA, SGX, ESR-REIT, ALOG, Nanofilm, United Hampshire US REIT, Ntegrator, VCPlus, Azeus Systems, Kim Heng, Guoan, Clearbridge Health, Abundance, Jasper, Ezion, Goodland, AnnAik, and F J Benjamin.
UOB KH advised ARA LOGOS Logistics Trust, or ALOG, unitholders to accept ESR-REIT’s takeover bid, saying the merger is “value accretive.”
ESR-REIT’s bid to merge with ARA LOGOS Logistics Trust is “potentially transformative,” but faces some execution risks, Daiwa said Friday.