Shanghai

Broker's Calls

Only time will tell if Singapore’s healthcare players can expand successfully

SINGAPORE (April 20): OCBC Investment Research is remaining “neutral” on Singapore’s healthcare sector on the observation that China remains an attractive choice for growth among local private healthcare companies despite challenges abound.

Results

Jumbo’s FY16 earnings rise 46.3% to $15.5 mil

SINGAPORE (Nov 25): Jumbo, the F&B group, announced FY16 earnings rose 46.3% to $15.5 million from $10.6 million a year ago due to higher gross profit and share of results of associates.

CapitaLand’s Ascott expands presence in China with 8 new serviced residences

SINGAPORE (Nov 10): CapitaLand today announced its wholly-owned serviced residence business unit, The Ascott Limited, will be expanding its presence in China after inking contracts to manage eight new serviced residents in China’s cities of Beijing, Cho

Results

Ho Bee Land posts a 32% rise in 3Q earnings to $27 mil on sales from Australia

SINGAPORE (Nov 10): Ho Bee Land reported a 31.8% increase in 3Q16 earnings to $26.7 million from a year ago.

Results

Mapletree Greater China Commercial Trust’s 1H DPU rises 3.2% to 3.61 cents

SINGAPORE (Oct 27): Mapletree Greater China Commercial Trust (MGCCT) has announced a Distribution Per Unit (DPU) of 3.61 cents for the 1H ended Sept, 3.2% higher than a year ago.

Century Link investment a feather in ARA’s cap

SINGAPORE (Oct 27): ARA Asset Management on Wednesday closed its Harmony VI fund which will be used to invest up to RMB 20 billion ($4.1 billion) in Century Link, a brand new integrated commercial development in Shanghai, in what is being touted as “ARA
Energy

Freepoint pushes Into Asia energy and metals as rivals pull back

NEW YORK (Oct 11): Freepoint Commodities LLC is planning a push into Asia, seeking to hire metals and energy traders from Singapore to Shanghai as it moves into the gap left by rival trading houses and the retreat of big banks.

Keppel Land China acquiring new mall in Shanghai for $102 mil

SINGAPORE (Sept 29): Keppel Land China is acquiring a new mall in Jiading District, Shanghai, for about $102 million.

Broker's Calls

Raffles Medical’s plans ‘steadily taking shape’ but cost pressures may weigh on profitability

SINGAPORE (Sept 29): Daiwa Capital Markets is keeping its “hold” rating on Raffles Medical Group RMG) at an unchanged target price of $1.57 as the group continues its press ahead with its expansion plans.

Watch out Singapore, Hong Kong: Shanghai top pick to become next financial hub

(Sept 28): Shanghai ranks as the top pick among the world’s cities expected to become significant global financial centres in the next few years, according to a survey of finance professionals.
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