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rental
Uber said to be under CPIB probe over majority-owned Lion City Rentals
SINGAPORE (Oct 2): Market talk has it that Uber Technologies is under investigation by Singapore’s Corrupt Practices Investigation Bureau (CPIB) over the ride-hailing firm's majority-owned car rental company, Lion City Rentals (LCR).
October 02, 2017
Property
Straits Trading acquires Tokyo residential property for $5.4 mil
SINGAPORE (Sept 29): Straits Trading Company is acquiring a freehold six-storey rental residential apartment in Tokyo, Japan, for about $5.4 million which is to be funded by internal resources and bank borrowings.
September 29, 2017
Broker's Calls
Fresh-faced Viva Industrial Trust could see even brighter prospects this year
SINGAPORE (July 18): RHB Research continues to rate Viva Industrial Trust (VIT) at “buy” with a 97-cent target price following the trust’s completion of its asset enhancement initiative (AEI) at Viva Business Park (VBP).
July 18, 2017
Are Singapore’s millennials overly optimistic about their future?
SINGAPORE (March 2): Eight out of 10 millennial investors in Singapore are optimistic about their retirement prospects on the belief they will be able to maintain, if not improve, their current lifestyle after they retire.
March 02, 2017
Renting out a room just got harder with Planning Act Amendment
SINGAPORE (Feb 7): Leasing your apartment or room out on a short-term basis through homestay networking services such as Airbnb may very soon be ruled as illegal under Singapore law.
February 07, 2017
Results
United Engineers’ 3Q earnings up 10% to $11.6 million from continuing operations
SINGAPORE (Nov 11): United Engineers reported a 10% on-year rise in 3Q16 earnings to $11.6 million from continuing operations after the disposal of Multi-Fineline Electronix and its subsidiaries, driven by the surge in other income.
November 11, 2016
Results
Second Chance Properties’ 4Q earnings plunge 90.2% to $0.2 mil
SINGAPORE (Oct 25): Second Chance Properties posted earnings of $0.2 million for the 4Q16 ended August, plunging 90.2% from $2.1 million in the same period a year ago on lower revenue.
October 25, 2016
Broker's Calls
Raffles Medical has more room for growth
SINGAPORE (Oct 17): After posting 5% earnings growth in 2QFY16, RHB Research Cai is still maintaining its “buy” rating on the stock with a target price of $1.70 as it believes the group has more room to grow.
October 17, 2016