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CWT
Debt and defaults
What are the lessons from the Hyflux haircut?
(Dec 20): In the 1970s, long-haired visitors to Singapore were required to cut their hair on arrival as unkempt locks were linked to hippie culture.
December 20, 2019
Broker's Calls
CacheLog kept at 'buy' by RHB as bumper 2Q19 awaits
SINGAPORE (June 17): RHB Research is maintaining Cache Logistics Trust at “buy” with a higher target price of $0.83, representing 8% upside with 8% yield.
June 17, 2019
HNA unit's lenders seize assets as payment deadline missed
(Apr 23): Lenders to HNA Group Co.’s CWT International seized control of assets in Singapore, China and the US after the unit failed to repay amounts due on its credit facility.
April 23, 2019
Broker's Calls
MapletreeLog and Cache kept on 'hold' by OCBC in wake of CWT International default
SINGAPORE (Apr 18): OCBC is downgrading Mapletree Logistics Trust to ‘hold’ given there could be uncertainties over its longer-term outlook in the wake of the news that CWT International had defaulted on its loans.
April 18, 2019
Update
AA REIT, CacheLog and MapletreeLog say no default on rents so far by tenant CWT
SINGAPORE (Apr 17): The managers of AIMS APAC REIT (AA REIT), Cache Logistics Trust (Cache) and Mapletree Logistics (MLT) announced separately on Tuesday night that CWT has so far not defaulted on its rental payments under their respective lease agreement
April 17, 2019
Broker's Calls
MapletreeLog consolidates its stronghold in Singapore
SINGAPORE (Oct 9): OCBC Investment Research continues to rate Mapletree Logistics Trust (MLT) a “buy” with a target price of $1.37.
October 09, 2018
HNA explores sale of newly acquired CWT logistics unit
HONG KONG (Sept 19): China's HNA Group is in talks with banks to find a buyer for its CWT logistics unit, nine months after it acquired the Singaporean business in a US$1 billion ($1.4 billion) deal, several people familiar with the matter told Reut
September 19, 2018
M&A
Singapore made up 73.5% of 2017 M&A transport deal activity in Southeast Asia
SINGAPORE (Jan 31): The Southeast Asian transportation sector saw its hottest-ever year in 2017, with deal value up by more than sevenfold at US$25.2 billion ($33 mil) across 25 deals when compared to that of the previous year (US$3.5 billion, 32 deals).
January 31, 2018
M&A
GLP & Grab among highest contributors to Southeast Asia M&A deals in 3Q
SINGAPORE (Oct 24): Q3 was a quarter of top deals for Southeast Asia, spiking 81.8% on-year to US$26.7 billion ($36.3 billion) across 97 deals, according to Mergermarket’s latest Southeast Asia M&A trend report Q1-Q3 2017.
October 24, 2017
Stocks To Watch
Stocks to watch: Singapore’s manufacturing growth, Roxy-Pacific, YuuZoo, Frasers Centrepoint, CWT
SINGAPORE (Oct 3): Here are some stocks that could move the market this Tuesday morning:
October 03, 2017