Changi Airport

REITs

Retail rumble is much ado about nothing, has limited impact on retail REITs

Diversified portfolio, tenant base protect REITs So far, the locally focused retail REITs appear unaffected by Giant’s possible exit from the local market. For instance, CMT has about 2,800 leases and around 30% of these are renewed each year. Th

M&A

Singapore's duty-free operator DFS exiting as Korean rivals bid

(Aug 27): Hotel Lotte Co and Hotel Shilla Co, South Korea’s two largest duty-free companies, are among bidders for the rights to take over the liquor and tobacco business at Singapore’s Changi Airport, after longtime operator DFS Group unexpectedly di

Broker's Calls

SATS well supported by decent dividend yield, strong growth prospects: DBS

SINGAPORE (May 23): DBS Vickers Securities is remaining positive on SATS with a “buy” call and target price of $5.44, on the belief that Changi Airport and regional aviation growth will continue to drive the gateway services provider’s long-term ear

Deals, joint ventures & alliances

Singapore Airlines, SATS extend partnership with new five-year contract commitment

SINGAPORE (April 30): Singapore Airlines (SIA) and SATS Ltd have agreed to renew a suite of aviation services contracts for the next five years as part of their bid to strengthen Singapore’s overall competitiveness as a hub.

Singapore economy

Singapore to lure air, sea traffic with infrastructure push

(Mar 8): Singapore is transforming its infrastructure to fend off competition from the seas to the skies.

Disruption and Digitalisation

Lufthansa Innovation Hub opens in Singapore

SINGAPORE (Jan 31): Lufthansa Group, the German aviation group, has launched the first foreign office of its digitalisation and innovation unit – Lufthansa Innovation Hub (LIH) – in Singapore.

Broker's Calls

OCBC downgrades SATS back to 'hold' due to limited near-term upside

SINGAPORE (Jan 11): OCBC Investment Research is downgrading SATS back to “hold” while raising its fair value to $5.34 from $5.23 previously, after updating its cost of equity (COE) assumptions to factor in its latest share price rally.

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

Aviation & Engineering

SIA puts new Boeing 787-10 on Osaka route; first 20 planes to feature new beds and backrests

SINGAPORE (Mar 28): Singapore Airlines (SIA) will be flying its first Boeing 787-10 to Osaka, Japan, starting from May this year.

Aviation & Engineering

SilkAir launches first direct flights from Singapore to Broome, Western Australia

SINGAPORE (Feb 28): SilkAir, the regional wing of Singapore Airlines, has launched its first direct flights from Singapore to Broome, Western Australia.
×