retail

SINGAPORE (Feb 19): Natural Cool Holdings, the air-conditioning and switchgear specialist, is venturing into the food and beverage (F&B) industry by acquiring the business and assets of Yummy YM and SFB Global for $0.98 million.

SINGAPORE (Feb 15): Challenger Technologies has concluded FY18 with $19.5 million in earnings, up 22% from $16 million in FY17 due to higher gross profit and lower operating expenses.

HONG KONG (Feb 4): China’s consumers have cut back on purchases of everything from Apple Inc.’s iPhones to Swiss watches as the trade war with the US hits the economy.

SINGAPORE (Jan 28): The manager of Fortune REIT has declared a distribution per unit of 51.28 HK cents (8.8 cents) for FY18, up 1% from 50.78 HK cents in FY17 due to revenue growth and lower expenses.

SINGAPORE (Jan 17): Western Union has partnered Travelex, an independent foreign exchange (forex) and remittance business, to co-locate its money transfer services within five worker dormitories at Simpang, Mandai, Choa Chu Kang, Penjuru and Jalan Papan.

HONG KONG (Jan 8): Singapore state investment firm Temasek Holdings is exploring options for its stake in global retailer A.S. Watson Group, including a partial sale, people with knowledge of the matter said.

SINGAPORE (Dec 31): Every year, we carefully curate the most sought-after items on the market. Audrey Simon, Michelle Zhu, Benjamin Cher, Sunita Sue Leng and Justin Harper highlight 2018’s favourites.

SINGAPORE (Jan 7): OCBC Investment Research and Maybank Kim Eng are maintaining their “hold” calls on SPH REIT with an unchanged fair value estimate and price target of 99 cents and $1.02, respectively.

SINGAPORE (Dec 11): DBS Group Research is maintaining its “buy” on Starhill Global REIT (SG REIT) with an unchanged target price of 75 cents, which reflects more conservative discount rate assumptions due to a less-optimistic outlook of the trust’s

SINGAPORE (Dec 7): DBS Vickers Securities reiterates its “buy” call on CapitaLand Mall Trust (CMT) with an adjusted target price of $2.44, which now reflects a higher proportion of equity used to finance its acquisition of Westgate mall.