development

Tianjin Zhong Xin Pharma posts 6% rise in FY20 earnings to $135.8 mil - THE EDGE SINGAPORE

Results

Tianjin Zhong Xin Pharma posts 6% rise in FY20 earnings to $135.8 mil

For the FY2020, the group has proposed a dividend of RMB232.1 million or RMB3.0 for every 10 shares in the capital of the group.

Sector Focus

Singapore has a shipping rival less than 30 kilometres away

SINGAPORE (Feb 1): Indonesia wants to re-position its Batam island as an alternative shipping and manufacturing hub to Singapore with a potential to draw US$60 billion ($80.8 billion) in new investment.

Broker's Calls

3 developers to 'add' as Singapore's property price momentum slows: CGS-CIMB

SINGAPORE (Oct 16): CGS-CIMB Research is maintaining its “neutral” stance on Singapore’s property sector post the release of recent Urban Redevelopment Authority (URA) data, which reflected higher September monthly home sales of 944 transactions, up

Property

CapitaLand acquires 32ha mixed use development site in Chongqing for $459 mil

SINGAPORE (June 27): CapitaLand is acquiring a 100% stake in Chongqing Zhonghua Real Estate for RMB2.2 billion ($459 million) via the group’s wholly-owned subsidiary, Chongqing Kai Tai Industry Development.

Property

Chip Eng Seng to acquire 60% stake in Ho Chi Minh City mixed development for $26.3 mil

SINGAPORE (Jan 2): Chip Eng Seng’s subsidiary in Vietnam, Viet Investment Link Joint Stock (VietLink) is acquiring a 60% stake in a Vietnam development known as Soai Kinh Lam Apartment – Commerce Center, in District 5 of Ho Chi Minh City, for US$19.7

Broker's Calls

Amber Park project may sell for up to $2,400 psf when launched: OCBC

SINGAPORE (Oct 9): OCBC Investment Research is maintaining its “buy” call on City Developments Limited (CDL) while raising its fair value estimate to $12.90 from $12.39 previously after factoring in its recent site acquisition as well as firmer reside

Property

Keppel Land makes $60 mil acquisition of prime Jakarta site to develop residential building

SINGAPORE (Sept 19): Keppel Land is acquiring a prime site in Jakarta, Indonesia, for IDR586 billion ($60 million) from Bank Central Asia via its wholly-owned subsidiary, PT Sukses Manis Tangguh.

Property

Lian Beng awarded $162 mil contract to construct Martin Place condo

SINGAPORE (Sept 15): Lian Beng Construction (1988), a wholly-owned subsidiary of Lian Beng Group, has been awarded a contract worth approximately $162 million to construct a condominium housing development at Martin Place.

Broker's Calls

CapitaLand not a proxy to an impending home price rebound, says Maybank

SINGAPORE (Aug 3): Maybank Kim Eng Research is keeping its “hold” call on CapitaLand with an unchanged price target of $3.75 after the real estate group this morning posted its set of financial results for 2Q17, which was overall in line with the rese

Redevelopment works commence on former CPF building at 79 Robinson Road

SINGAPORE (March 3): Ascendas-Singbridge, the urban and business space solutions provider, today jointly hosted an official groundbreaking ceremony for 79 Robinson Road with its joint venture partners, Mitsui and Tokyo Tatemono.
×