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Global Markets
Gloom for retailers as Chinese tourists spend less on shopping
SHANGHAI (July 11): They’re still coming in droves -- but no longer buying in spades.
July 11, 2017
In this Amazon era, shopping-mall owners must spend to stay relevant
(July 6): The owner of the Newgate Mall plans to pour US$500,000 ($691,010) into overhauling the outdated food court in a bid to lure restaurateurs and hungry shoppers. Rent payments from eateries are never going to recoup the renovation costs, but for la
July 06, 2017
Broker's Calls
New China developments to boost CapitaLand’s earnings this year, and beyond
SINGAPORE (July 5): Maybank Kim Eng Research is maintaining its “hold” call on property developer CapitaLand at an unchanged target price of $3.75, while noting that valuations appear fair following its strong rally in the year to date.
July 05, 2017
IPO
shopper360 raises $11 mil through IPO placement, to commence trading on Friday
SINGAPORE (June 29): shopper360 on Wednesday completed its placement of 38 million shares, comprising 18 million new shares and 20 million vendor shares, for 29 cents per share to raise gross proceeds of approximately $11 million.
June 29, 2017
Unaffiliated Del Monte companies announce JVs following litigation settlement
SINGAPORE (June 28): Del Monte Pacific and the company of a similar name which it has long been in a legal tussle with, Fresh Del Monte Produce, have made peace and instead, joined forces to announce a series of new joint ventures (JVs) in retail and refr
June 28, 2017
Property
BBR Holdings to purchase Bukit Timah property for $101.5 mil
SINGAPORE (May 25): Construction and engineering group BBR Holdings has announced that its 62%-owned subsidiary, Alika Properties, today exercised its option to purchase a four-storey mixed-use development known as the Goh & Goh Building for a cash consid
May 25, 2017
In print this week
Does SingPost still have a growth story to tell?
SINGAPORE (May 19): On May 17, Singapore Post announced a deal with Southeast Asia’s largest online shopping platform Lazada Group.
May 19, 2017
Global Markets
Risky and complex US loan wagers are red hot in low-yield Asia
NEW YORK (May 19): Asia’s yield-hungry investors have a lot riding on the financial engineers of Wall Street.
May 19, 2017
Investing strategies
Arm yourself with these 5 Singapore REITs before heading into 2018
SINGAPORE (May 18): DBS Vickers recommends investors to remain “overweight” on the office and industrial Singapore REIT (S-REIT) sectors due to the prospects of an improving Singapore GDP, as well as the expected easing of supply pressures come 2018.
May 18, 2017
Global Markets
Western shoppers are fueling a revival for made-in-Asia goods
HONG KONG / NEW DELHI (May 9): Sanjay Janghala walks across a humming factory floor as 400 employees of Orient Craft Ltd. stitch together women’s blouses and embroidered dresses.
May 09, 2017