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Australia
Telecommunications
Singtel’s Optus acquires high-band 5G spectrum for A$226 mil
The new licenses in the 26GHz spectrum band will support Optus' 5G network in Australia.
April 23, 2021
REITs
With assets Down Under in demand, MLT plans up to $1 billion in acquisitions despite missing out
Logistics assets in Australia are much in demand given the competition for the portfolio acquired by ESR and GIC
April 23, 2021
Broker's Calls
'Buy' Parkway Life REIT to ride upside on once-in-15 years opportunity: DBS
The renewal of the master lease for its Singapore hospitals could deliver possible DPU upside of 7% - 23%, says DBS.
April 21, 2021
Sustainability
Frasers Property obtains A$300 mil sustainability-linked loan in Australia
The loan marks Frasers Property’s fifteenth green and sustainability-linked financing.
April 19, 2021
Contracts
ST Engineering enters Australian rail market with Queensland contract win
The company has won a contract to supply platform screen doors for Queensland’s Cross River Rail.
April 16, 2021
Broker's Calls
UOB Kay Hian upgrades CSE Global to 'buy' on rising oil prices, attractive yield
UOB Kay Hian expects CSE to maintain FY21 DPS at 2.75 cents, translating to an "above average" yield of 5.1%.
April 09, 2021
Covid-19
New Zealand and Australia to open quarantine-free travel corridor on April 19
The travel bubble will restore unrestricted, two-way travel between the two neighbours for the first time since Covid-19.
April 06, 2021
Broker's Calls
OCBC raises Shangri-La Asia fair value to HK$9.74 on anticipated recovery
Recovery already seen in 2HFY2020 in mainland China
March 30, 2021
Property
Stamford Land mulls divestment of hospitality properties to go asset light
As at Sept 30 2020, its NAV was 65 cents per share, its share price closed at 39 cents on March 26.
March 27, 2021
Broker's Calls
KGI upgrades CSE Global to 'outperform' on infrastructure prospects and recovery in O&G
KGI has upgraded CSE with a higher target price of 61 cents from 52 cents previously.
March 18, 2021