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M&A
SIA to subscribe for majority shareholding in SATS-DFASS joint venture company
SINGAPORE (Mar 8): Airport gateway and food solutions provider SATS says Singapore Airlines (SIA) has agreed to subscribe for a 70% stake in inflight sales concessionaire DFASS SATS.
March 08, 2018
Results
BHG Retail REIT posts 0.8% higher 4Q DPU of 1.32 cents
SINGAPORE (Feb 23): The manager of BHG Retail REIT has declared a 4Q distribution per unit (DPU) of 1.32 cents, up 0.8% from its DPU of 1.31 cents in 4Q16.
February 23, 2018
Broker's Calls
Sheng Siong on track for an even more bountiful FY18
SINGAPORE (Feb 23): DBS and OCBC are maintaining their “buy” calls on Sheng Siong following the supermarket operator’s release of its latest 4Q results, which brings FY17 earnings to a total of $69.8 million, up 11.4% from $62.7 million in FY16.
February 23, 2018
Broker's Calls
Dairy Farm to ride on regional consumer sentiment uptick this year: RHB
SINGAPORE (Feb 19): RHB is maintaining “overweight” on Singapore’s consumer staples sector while highlighting Dairy Farm as its preferred “buy” pick with an unchanged target price of US$9.53 ($12.50) on expectations of consumption to pick up acr
February 19, 2018
Broker's Calls
This F&B stock remains a sumptuous 'buy', says Phillip Capital
SINGAPORE (Feb 15): Phillip Capital is maintaining its “buy” call on Old Chang Kee with a following the group’s release of its 9M18 results, which came in at 78% of the research house’s full year expectations.
February 15, 2018
Results
Courts Asia posts 28.7% decline in 3Q earnings of $3.5 mil on lower profit margin
SINGAPORE (Feb 13): Courts Asia, the electrical, furnishing and consumer electronics retailer, announced earnings of $3.5 million for the third quarter of FY17, down 28.7% from its net profit of $4.9 million a year ago on lower gross profit margin and hig
February 13, 2018
Results
Epicentre sinks into the red in 1H18 on lower revenue
SINGAPORE (Feb 12): Epicentre Holdings, the retailer of Apple products though its EpiCentre chain of stores, has reported a loss of $2.1 million for 1H18 compared to its profit of $0.4 million a year ago on lower revenue.
February 12, 2018
New business opportunities abound for retailers as industry landscape transforms, says Deloitte
SINGAPORE (Jan 24): It is a transformative time in retail with consumers in the driver’s seat, according to Deloitte Global.
January 24, 2018
Broker's Calls
SPH REIT to ride on expected retail uptick in FY18, say analysts
SINGAPORE (Jan 8): CIMB is reiterating its “hold” call on SPH REIT with an unchanged target price of $1.06, after the trust’s 1Q18 distribution per unit (DPU) came in within expectations at 23.8% of the research house’s forecast with a total retur
January 08, 2018
CapitaLand divests stakes in companies holding 20 retail assets for $75 mil gain
SINGAPORE (Jan 5): CapitaLand has agreed to divest its share of interest in a group of companies that hold an agreed value of RMB8.37 billion ($1.7 billion) through 20 retail assets in China, each with an average gross floor area (GFA) of about 40,000 sqm
January 05, 2018