property development

SINGAPORE (Oct 18): City Developments Limited (CDL) announced that its special purpose company, Iconique Tokutei Mokuteki Kaisha has signed an agreement with Mitsui Fudosan Residential for a 20% stake in a prime residential development in Tokyo.

SINGAPORE (Oct 13): DBS Research is maintaining a target price of $2.75 on United Engineers (UE) on news that OCBC and Great Eastern is mulling a sale of their collective 32% stake in the engineering developer, which will trigger a mandatory general offer

SINGAPORE (Oct 4): China International Holdings is selling its entire stake in loss-making Tianjin Xinzhong Property Development Co. for RMB 460 million ($94.4 million) to Beijing Hongkunweiye Property Development Co.

SINGAPORE (Oct 4): NRA Capital is maintaining TEE Land’s “overweight” call with fair value of 33.5 cents after its acquisition of a Pasir Panjang property.

SINGAPORE (Sept 21): Sysma Holdings posted a 35.7% earnings decline to $1.7 million for FY16 on lower margins. A year ago earnings came in at $2.6 million.

SINGAPORE (Aug 23): NRA Capital has an "overweight" rating for TEE Land with a fair value of 32.5 cents, after the group’s FY2016 earnings came in above the brokerage’s forecasts.

SINGAPORE (Aug 4): Property group OUE swung back into the black with 2Q earnings of $25.7 million from a loss of $16.3 million a year ago.

SINGAPORE (Aug 1): OKP Holdings, the infrastructure and civil engineering company, posted a 6.6% growth in 1H earnings ended June of $4.3 million from $4.1 million a year ago on lower costs of work.