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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
August 30, 2019
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
August 27, 2019
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
May 23, 2019
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.
April 30, 2019
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.
March 08, 2019
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.
January 31, 2019
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.
January 11, 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
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.
March 28, 2018
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.
February 28, 2018