acquisition

Property

Frasers Logistics Trust buys portfolio of 21 properties in Germany, Holland from sponsor for $515 mil

SINGAPORE (Apr 20): Frasers Logistics & Industrial Trust (FLT) is buying a portfolio of 21 properties in Germany and the Netherlands for $515.4 million from its sponsor.

Broker's Calls

EC World REIT started at 'buy' as prime beneficiary of Hangzhou logistics boom

SINGAPORE (Apr 16): Soochow CSSD Capital Markets is starting coverage of EC World REIT at “buy” with a price target of 88 cents on the belief that the trust is well-positioned to benefit from China’s growing e-commerce market, to which its currently

Broker's Calls

Why RHB is nothing but positive on Manulife US REIT's latest acquisitions

SINGAPORE (Apr 16): RHB is maintaining its “buy” on Manulife US REIT but raising its target to US$1 from 98 US cents to factor in 1-2% higher FY18-20 DPU forecasts on contributions from its latest acquisitions.

Broker's Calls

Has the market priced in SPH REIT's full acquisition potential?

SINGAPORE (Apr 9): CIMB, Maybank Kim Eng and OCBC are reiterating their “hold” calls on SPH REIT with unchanged target prices and a lower fair value of $1.06, $1 and $1.02, respectively.

M&A

TPG-led consortium said to near deal for India’s No. 2 listed hospital chain

MUMBAI (Mar 26): A consortium led by TPG is nearing an agreement to gain control of Fortis Healthcare Ltd., India’s second-largest private hospital chain by market value, people with knowledge of the matter said.

Startups, Entrepreneurs, Digital economy

KPMG acquires Singapore mobile app developer Rainmaker Labs

SINGAPORE (Mar 21): KMPG says it has acquired the Singapore and Vietnam businesses of Rainmaker Labs, a Singapore-headquartered enterprise mobile application (app) developer and consultancy.

Broker's Calls

GuocoLand gets welcome exposure to prime district 9 from acquisition of Pacific Mansion

SINGAPORE (Mar 20): Maybank and CIMB are maintaining their "buy” calls on GuocoLand following news of the developer’s joint en bloc acquisition of Pacific Mansion for a total of $980 million.

Tech

Uber said to have reached in-principle agreement to sell Southeast Asia business to Grab

SINGAPORE (Mar 13): The battle between ride-hailing giants Grab and Uber Technologies for market share in Southeast Asia could draw to a close.

Kim Heng O&M acquires new AHTS vessel for $0.7 mil

SINGAPORE (Mar 1): Kim Heng Offshore & Marine, the integrated offshore & marine (O&M) value chain services provider, says it has purchased a 6,000BHP anchor handling tug/supply (AHTS) vessel for about $0.7 million.

M&A

AEM Holdings acquires machine vision solutions provider for $1.5 mil

SINGAPORE (Feb 22): AEM Holdings is fully acquiring IRIS Solution, a Singapore-incorporated advanced machine vision solutions provider, for $1.5 million.
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