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Australia
Broker's Calls
OCBC raises confidence in Mapletree Logistics Trust on strong YTD performance, bright prospects
SINGAPORE (Mar 7): OCBC Investment Research is maintaining “buy” on Mapletree Logistics Trust (MLT) while raising its fair value estimate to $1.50 from $1.40 to assume lower cost of equity (COE).
March 07, 2019
Broker's Calls
Keppel REIT to benefit from lease renewals, Australia portfolio going forward: UOB
SINGAPORE (Mar 7): UOB Kay Hian is maintaining its “buy” call on Keppel REIT with a target price of $1.35 on expectations of the REIT to benefit from the full-year impact of leases, which were renewed in 2018, this year.
March 07, 2019
Property
Hatten Land announces Australia expansion plans with Melbourne land acquisition
SINGAPORE (Mar 6): Hatten Land intends to foray into the Australian real estate market by acquiring a land parcel in Southbank, Melbourne, from Australia’s Sundale Developments for a consideration of not more than A$15.8 million ($15.25 million).
March 06, 2019
Startups, Entrepreneurs, Digital economy
Co-living startup Hmlet forays into Australian market with Sydney expansion
SINGAPORE (Feb 26): Hmlet, a co-living rental startup based in Singapore, has announced its expansion to Australia with the March 2019 launch of two co-living properties in the inner city suburbs of Newtown and Marrickville in Sydney.
February 26, 2019
A dividend bonanza is set to hit investors in Australia
SYDNEY (Feb 4): Australian investors are set to receive a boost in dividend payouts this month as companies rush to avoid a looming overhaul of tax rules if there’s a change of government.
February 04, 2019
Contracts
Yongnam wins contracts worth over $73 mil in Australia and Singapore
SINGAPORE (Dec 27): Yongnam Holdings has secured contracts totalling to $73.4 million in value, including several specialist civil engineering contracts to supply steel struts and strutting components for Temporary Earth Retaining Systems used in infrastr
December 27, 2018
Broker's Calls
Frasers Commercial Trust lacks near-term catalysts despite positive developments, say analysts
SINGAPORE (Oct 22): CGS-CIMB Securities and RHB Research are maintaining their respective “hold” and “neutral” calls on Frasers Commercial Trust (FCOT), both with a $1.50 price target each.
October 22, 2018
Broker's Calls
Continued overseas expansion to fuel a stronger 2H for MindChamps: RHB
SINGAPORE (Oct 17): RHB Research is maintaining its “buy” call on MindChamps Preschool with an unchanged target price of 94 cents based on a blended valuation methodology comprising a target EV/EBITDA of 18 times, in line with the peer average, and DC
October 17, 2018
Broker's Calls
Plenty of room for Frasers Logistics to pursue more acquisitions, says OCBC
SINGAPORE (Sept 11): OCBC Investment Research is maintaining its “buy” call on Frasers Logistics & Industrial Trust (FLT) with a higher fair value of $1.19 compared to $1.18 previously, after incorporating the trust’s recent capital recycling transa
September 11, 2018
Property
Soilbuild REIT to enter Australia with acquisition of 2 properties for total $116.3 mil
SINGAPORE (Sept 9): Soilbuild Business Space REIT is making its entry Down Under with the proposed acquisition of two properties in Australia for a total of A$116.3 million ($116.3 million).
September 09, 2018