acquisition

PhillipCapital upgrades Ascendas REIT to 'buy' on MQX4 acquisition - THE EDGE SINGAPORE

Broker's Calls

PhillipCapital upgrades Ascendas REIT to 'buy' on MQX4 acquisition

The upgrade comes as Ong adjusts her forecasts to reflect the REIT’s acquisition of MQX4.
Singtel subsidiary Optus acquires Australia mobile virtual network operator for $240 mil - THE EDGE SINGAPORE

Telecommunications

Singtel subsidiary Optus acquires Australia mobile virtual network operator for $240 mil

Amaysim is the largest mobile virtual network operator (MVNO) in Australia and fourth largest mobile provider in the country.
Mary Chia to acquire 80% of Monsoon Hairdressing for $3.05 million - THE EDGE SINGAPORE

M&A

Mary Chia to acquire 80% of Monsoon Hairdressing for $3.05 million

To help pay for the acquisition, an investor Michael Marcus Liew will subscribe $800,000 worth of new Mary Chia Holdings shares
Q&M subsidiary serves arbitration notice to majority shareholder of subsidiary - THE EDGE SINGAPORE

Company in the news

Q&M subsidiary serves arbitration notice to majority shareholder of subsidiary

Shares in Q&M closed 1.5 cents higher or 3.2% up, at 48.5 cents on Oct 22.
Three cheers to ThaiBev for higher returns - THE EDGE SINGAPORE

Broker's Calls

Three cheers to ThaiBev for higher returns

Three cheers to ThaiBev for higher returns
Maintain 'add' on Elite Commercial REIT after it completes first milestone acquisition: CGS-CIMB - THE EDGE SINGAPORE

Broker's Calls

Maintain 'add' on Elite Commercial REIT after it completes first milestone acquisition: CGS-CIMB

CGS-CIMB have maintained their “add” call on Elite Commercial REIT after its acquisition of 58 additional commercial properties.
Oei Hong Leong drops suit against Raffles Education - THE EDGE SINGAPORE

Company in the news

Oei Hong Leong drops suit against Raffles Education

Raffles Education said that it has consented to the discontinuance, which has been accepted and approved by the High Court.
Analysts see Suntec REIT's London acquisition as positive, though higher gearing could drag near-term share price performance - THE EDGE SINGAPORE

Broker's Calls

Analysts see Suntec REIT's London acquisition as positive, though higher gearing could drag near-term share price performance

Analysts from CGS-CIMB, DBS, OCBC and UOB Kay Hian have given "buy" calls on the counter.

REITs

Frasers Centrepoint Trust announces transformational transaction, catapulting it to the big league

On Sept 3, the manager of Frasers Centrepoint Trust announced it plans to acquire the 63.1% PGIM Asia Retail Fund (ARF) held by Frasers Property (FPL). FCT's manager also announced the proposed sale of Bedok Point.
Keppel Land China expands further in the Yangtze River Delta region with a residential site in Taicang City, Jiangsu Province, China

M&A

Keppel acquires 49% stake in Jiangsu residential site for $97 mil

Keppel says that as at end-December, the adjusted net tangible asset value of the property, based on its value attributable to the share sales, stood at RMB498 million.
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