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Selective landbank acquisition strategy. Management mentioned that the current landbank of about 4.5m sqf (65% in the mass market to mid-tier segments and 35% in the high-end segment) is quite healthy and that it would acquire more land only if the price is right. It believes the reserve price of S$844psf ppr is high for the Laguna Park collective sale site. CDL was recently …
Selective landbank acquisition strategy. Management mentioned that the current landbank of about 4.5m sqf (65% in the mass market to mid-tier segments and 35% in the high-end segment) is quite healthy and that it would acquire more land only if the price is right. It believes the reserve price of S$844psf ppr is high for the Laguna Park collective sale site. CDL was recently …
We initiate coverage on CDL Hospitality Trust (CDL HT) with a BUY recommendation and fair value of $1.72. CDL HT currently owns hospitality related properties in Singapore and New Zealand. We believe the Trust is poised to benefit from the economic recovery coupled with the government efforts to boost the local tourism industry.Tail-end of economic recession? Singapore …
We initiate coverage on CDL Hospitality Trust (CDL HT) with a BUY recommendation and fair value of $1.72. CDL HT currently owns hospitality related properties in Singapore and New Zealand. We believe the Trust is poised to benefit from the economic recovery coupled with the government efforts to boost the local tourism industry. Tail-end of economic recession? Singapore …
FRT will proceed with acquisition and rights issue: All resolutions for the proposed acquisition of the three properties and one-for-one rights issue were duly passed at the EGM held on 11 …
FRT will proceed with acquisition and rights issue: All resolutions for the proposed acquisition of the three properties and one-for-one rights issue were duly passed at the EGM held on 11 …
New launches in 2H09. City Developments (CDL) will be launching 396 units at the former Hong Leong Gardens site (Hundred Trees condominium) in the last week of September at indicative aver …
New launches in 2H09. City Developments (CDL) will be launching 396 units at the former Hong Leong Gardens site (Hundred Trees condominium) in the last week of September at indicative aver …
Ezra announced that it has secured new and renewal charter contracts worth US$152 mn for three Anchor Handling, Towing and Supply Vessels (AHTS). Under the agreements, the vessels will be …
Ezra announced that it has secured new and renewal charter contracts worth US$152 mn for three Anchor Handling, Towing and Supply Vessels (AHTS). Under the agreements, the vessels will be …
AHTS fleet with deepwater focus. CH Offshore (CHO) owns and operates eight small AHTS (12,000 bhp) as of end FY09 (FYE June). CHO will increase its fleet of large AHTS to seven by end FY10 …
AHTS fleet with deepwater focus. CH Offshore (CHO) owns and operates eight small AHTS (12,000 bhp) as of end FY09 (FYE June). CHO will increase its fleet of large AHTS to seven by end FY10 …
Physical integration a success. We visited Fraser Centrepoint Trust's Northpoint mall (NP) to assess the success of the S$38.6m asset works. The goal was two-fold: transfer GFA from the fourth level to higher yielding lower levels; and fully integrate the asset with new extension Northpoint 2 (NP2) to create one seamless retail mall. The physical integration has been very …
Physical integration a success. We visited Fraser Centrepoint Trust's Northpoint mall (NP) to assess the success of the S$38.6m asset works. The goal was two-fold: transfer GFA from the fourth level to higher yielding lower levels; and fully integrate the asset with new extension Northpoint 2 (NP2) to create one seamless retail mall. The physical integration has been very …
Rosy prospects at undemanding valuations. Evidence of a global economic recovery has enhanced investors' preference for cyclical stocks such as commodities. Most stocks have appreciated significantly on expectations of earnings recovery, leaving few with cheap valuations. Against this backdrop of weighing the twin objectives of valuations and outlook, we reiterate Noble Group …
Rosy prospects at undemanding valuations. Evidence of a global economic recovery has enhanced investors' preference for cyclical stocks such as commodities. Most stocks have appreciated significantly on expectations of earnings recovery, leaving few with cheap valuations. Against this backdrop of weighing the twin objectives of valuations and outlook, we reiterate Noble Group …
RMT reduces distribution policy from 46% to 13% for financial flexibility and declares DPU of 0.6 US cents. While fair price of S$0.76 is 30% above current price, we maintain HOLD in view …
RMT reduces distribution policy from 46% to 13% for financial flexibility and declares DPU of 0.6 US cents. While fair price of S$0.76 is 30% above current price, we maintain HOLD in view …
We have downgraded our rating for City Developments (CDL) to 4 (Underperform) from 3 (Hold) after the government announced, on 14 September, measures to ensure a ‘stable and sustainable’ p …




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