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.
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.
These are Singapore companies which may be in focus on Wednesday, 11 June 2019: Temasek, Sembcorp, Gallant, OUE, China Jinjiang Environment, OCBC and UOB.
Global toy giant Hasbro is expanding its deal with Kingsmen Creatives to build and operate family entertainment attractions across Asia Pacific.
Kingsmen Creatives said Thursday it expanded its licensing agreement with toy giant Hasbro to open NERF attractions to include the U.S. market.
Singapore isn’t expecting the trade tensions between the U.S. and China to be resolved anytime soon.
Cordlife said Tuesday it made a non-binding proposal to take over NYSE-listed Global Cord Blood in an all-share deal valued at more than S$1 billion.
These are Singapore stocks which may be in focus on Monday, 3 June 2019: Genting Singapore, ST Engineering, OUE, SPH and Perennial.
UOB expects to benefit from U.S.-Sino trade tensions, with companies set to diversify their supply chains into Southeast Asia, the bank said Wednesday.
More than a third of fund managers have taken out hedges to protect against a sharp market fall over the next three months, the May BofA-ML fund manager survey found.
These are Singapore companies which may be in focus on Monday, 10 May 2019: Thai Beverage, Hyflux, SGX, Singapore Airlnes and Accordia Golf Trust.
ARA US Hospitality Trust ended its first day of trade on SGX at US$0.88, flat with its offering price, after trading in a range of US$0.865 to US$0.88.
These are Singapore companies which may be in focus on Thursday, 9 May 2019: Dairy Farm, Hongkong Land, Halcyon Agri, Keppel and ValueMax.
These are Singapore companies which may be in focus on Friday, 3 May 2019: UOB, SembMarine, Frasers Property, ARA US Hospitality, OUEHT and Great Eastern.
ARA Asset Management said Thursday it registered to list ARA US Hospitality Trust on SGX in an offering expected to raise US$498 million.
Manulife US REIT said Tuesday it priced its private placement at US$0.824 per new unit, around the midpoint of its pricing range, after strong demand.
Manulife US REIT said Monday it launched a private placement of new units at US$0.811 to US$0.836 each to raise gross proceeds of around US$94M.
Manulife US REIT agreed to acquire office building Centrepointe Fairfax, Virginia, for US$122 million from Carr Properties, the REIT said Monday.
Manulife US REIT reported Thursday its 1Q19 net property income climbed 27.7% on-year to US$25.08M on the acquisition of two properties.
Global fund managers turned slightly less bearish in their economic outlook, spurring additions to their equity allocations, BofA-ML’s April survey found.
Keppel-KBS US REIT reported Tuesday that its first quarter net property income rose 23.7 percent on-year to US$18.19 million after the REIT’s acquisitions.
These are Singapore stocks which may be in focus on Tuesday, 16 April 2019: Singapore Airlines, Keppel DC REIT and Keppel infrastructure Trust.
ARA Asset Management proposed on Monday issuing S$100 million of 4.15 percent notes due 2024 under its S$1.5 billion multicurrency debt issuance program.