IPO

IPO

Singapore said to plan slew of incentives to lure Aramco IPO

SINGAPORE (Feb 6): Singapore is considering a range of measures to lure a listing from energy giant Saudi Arabian Oil Co., according to people familiar with the matter, as global exchanges compete for a slice of what could be the world’s largest-ever in

IPO

Dasin Retail Trust to raise $121 mil from IPO; shares offered at 80 cents each

SINGAPORE (Jan 15): Dasin Retail Trust Management, the trustee-manager of Dasin Retail Trust, has registered its final IPO prospectus with the Monetary Authority of Singapore on Friday.

Update

ISDN raises number of offer shares in public tranche to 20 mil on ‘robust’ demand

SINGAPORE (Jan 11): ISDN Holdings had to increase the number of public shares on offer to 20 million from the initial 4 million to meet “robust” demand.

Malaysia

KFC is returning to Bursa Malaysia

(Jan 4): Fundraising from Malaysian initial public offerings is poised to rebound from the lowest in 16 years, led by a planned relisting of the local KFC operator, as receding uncertainty and commodity price gains help rekindle demand for riskier assets.

Results

HC Surgical posts 92% fall in half-year earnings on higher expenses

SINGAPORE (Jan 3): HC Surgical Specialists have reported earnings of $104,000 for 1H17, a 91.8% decrease from the earnings of $1.27 million in 1H16.
IPO

IPO outlook ‘much better’ in 2017 despite global uncertainty

SINGAPORE (Dec 15): Despite a surge of activity in 4Q, 2016 has been a forgettable year for the IPO market.

Acromec acquires 60% stake in Golden Harvest Engineering

SINGAPORE (Nov 23): Engineering service provider, Acromec, has acquired a 60% stake in Golden Harvest Engineering for $1.86 million, its first acquisition since listing on the Singapore Exchange’s Catalist Board in April.

Results

Declout reports 3Q losses of $3.3 mil on Procurri IPO costs

SINGAPORE (Nov 10): Declout reported a $3.3 million loss for 3Q16 driven mainly by Procurri’s listing expenses of $2.2 million. Excluding the one-time Procurri expenses, 3Q16 losses would be at $1.1 million due to operating losses from subsidiaries. 

Broker's Calls

3 reasons why you should take a closer look at this REIT

SINGAPORE (Nov 3): DBS Group Research is maintaining its “buy” rating for Frasers Logistics and Industrial Trust with a target price of $1.10 for its relatively high yield, long leases and strong sponsor.
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