Keppel DC REIT downgraded by KGI as catalysts appear priced in
KGI downgraded Keppel DC REIT to Neutral from Outperform, saying near-term catalysts for the REIT look priced in.
Telecommunications
Keppel DC REIT downgraded by CGS-CIMB on high valuations
CGS-CIMB downgraded Keppel DC REIT to Hold from Add, saying the positive industry fundamentals and potential catalysts are fully priced in.
Keppel DC REIT’s 2Q19 net property income rose 14 percent
Keppel DC REIT reported second quarter net property income rose 13.6 percent on-year to S$43.26 million, getting a boost from the two acquisitions in 2018.
Singapore share buybacks Friday: Venture, Olam, Straits Trading, Global Palm
These are Singapore companies which announced share buybacks on Friday, 12 July 2019: Venture, Olam, Straits Trading and Global Palm Resources.
UPDATE: Singapore stocks to watch Monday: ThaiBev, Singtel, CapitaLand, Frasers Hospitality, Sunpower
These are Singapore companies which may be in focus on Monday, 8 July 2019: ThaiBev, Singtel, CapitaLand, Frasers Hospitality Trust and Sunpower.
Huawei director says business not impacted by geopolitical events
Huawei may be under fire from U.S. trade restrictions, but so far, Konesh Kochhal, a director at the company, said the carrier business wasn’t affected.
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.
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.
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.
Venture upgraded to Buy by Maybank KE after trade war spurred selloff
Maybank KimEng upgraded Venture to Buy from Hold, saying the around 18 percent drop in its share price since late April has created an entry point.
Singtel-tied Airtel Africa aims to raise US$750 million in London IPO
Airtel Africa plans to proceed with an IPO on the London Stock Exchange, aiming to raise US$750 million, Bharti Airtel said Tuesday.
Keppel invests 14 million euros in data center operator Etix
Keppel Data Centres invested around 14 million euros (S$21.50 million or US$15.65 million) in data center developer and operator Etix Group’s series C funding, taking…
Singtel: Completed subscription to Bharti Airtel rights shares
Singtel completed its subscription to 170.10 million new shares of Bharti Airtel under its rights issue, the Singapore telco said Wednesday.
Airtel Africa announces plan to seek IPO on London Stock Exchange
Airtel Africa plans to seek a potential IPO on the London Stock Exchange, India’s Bharti Airtel said in a letter to the Indian stock exchanges Tuesday.
Daiwa starts Venture at Outperform on R&D efforts
Daiwa started coverage of Venture at Outperform with a S$17.90 target price, pointing to its transition toward integrating R&D services.
Singapore share buybacks Thursday: Singtel, OCBC, Kimly, Straits Trading, China Sunsine
These are Singapore companies which announced share buybacks on Thursday, 16 May 2019: Singtel, OCBC, Kimly, Straits Trading and China Sunsine.
Singtel reports nearly flat fiscal 4Q net profit on weak Australian dollar
Singtel reported Wednesday its fiscal 4Q net profit rose 0.4 percent on-year to S$773 million the Australian dollar’s decline.
NetLink NBN Trust reports fiscal 4Q net profit rose 31 percent, topping IPO forecast
NetLink NBN Trust reported Monday its fiscal 4Q net profit rose 30.9 percent on-year to S$20.02 million, beating projections from its IPO prospectus.
CSE Global reports 1Q19 net profit rose slightly on higher infrastructure project revenue
CSE Global reported Monday its 1Q19 net profit rose 0.5% on-year to S$5.73 million amid increased infrastructure project revenue with higher gross margins.
UOB KH: Venture won’t benefit from FDA’s IQOS approval until 2020
Any benefit to Venture from the U.S. FDA approval of the IQOS heated tobacco device likely won’t show up at the bottom line until 2020, UOB KayHian said.
Maybank KE downgrades Venture despite earnings beating forecast
Maybank KimEng downgraded Venture to Hold from Buy in a note on Friday, pointing to the cautious outlook the company provided with its earnings.
Venture reports 1Q19 net profit rose nearly 9 percent on technology-segment growth
Venture reported Thursday its 1Q19 net profit rose 8.6 percent on-year to S$90.9 million on broad-based growth in its technology portfolio.
UPDATE: Singapore stocks to watch Monday: Keppel, CCT, CapitaLand, Accordia Golf, Hyflux
These are Singapore companies which may be in focus on Monday, 22 April 2019: Keppel, CCT, CapitaLand, Accordia Golf Trust and JUMBO.
UPDATE: Singapore stocks to watch Wednesday: MLT, SPH, Hi-P, Keppel-KBS US REIT, Cache Logistics
These are Singapore companies likely to be in focus on Wednesday, 16 April 2019: MLT, SPH, Hi-P, Keppel-KBS US REIT and Cache Logistics Trust.
UPDATE: Singapore stocks to watch Monday: UIC, OUE, Yangzijiang, Keppel, Ezion, ST Engineering, Heeton
These are Singapore companies likely to be in focus on Monday, 15 April 2019: UIC, OUE, Yangzijiang, Keppel, Ezion and Yongnam.