News

StarHub issues $200m perpetual securities

It is under the $2b multicurrency debt issuance programme.

Guess where the sweet spot in SREITs is

The tech and telecom sectors drive the demand for space here.

China Vanke to join consortium bidding for GLP

It is China's second biggest housebuilder by sales.

Daily Markets Briefing: STI down 0.02%

Investors are likely to remain wary today.

Banking giants dominate top brands in Singapore

DBS retains the top spot as the most valuable brand.

Is the manufacturing rally coming to an end?

DBS' Singapore economists are saying so.

Why M1 remains attractive for bidders

Its return on capital is one of the highest.

Could redevelopment deals spur recovery in housing market?

Four deals have already been struck this year. Bloomberg Markets reported that after slowing to a trickle the past three years as housing prices fell, four redevelopment deals -- where a group of owners band together to sell entire apartment blocks at a hefty premium -- have been struck already this year, with a combined value of $1.5b (US$1.1b). The process, also known as “en-bloc” sales, allows developers to knock down and rebuild in a city where new residential land sales are tightly controlled by the government. The renewed hunger for land comes as home sales climb after some property restrictions were eased in March. A residential plot last month fetched a record price in a government land sale, with a Chinese consortium bidding $1b. In the biggest en-bloc sale this year, Eunosville, a complex of 10 residential blocks with 330 apartments, sold to Hongkong Land Holdings Ltd.’s MCL Land for $765.8m Read the rest of the story here.  

Shophouses opposite Bugis Junction up for grabs

The site is zoned for commercial and residential use.

Why a reduced stake in China JV is a positive for SATS

It is reducing its stakes in Jilin JVCo to 21%. SATS is lowering its stakes in Jilin Zhong Xin Cheng Food (Jilin JVCo) from 35% to 21% as another investor joins the group and Charoen Pokphand Group (CP) and comes in to pump assets into the Chinese joint venture. According to OCBC Investment Research, whilst SATS’s effective stake is reduced, having two strong strategic partners on board is certainly positive over the longer-term. "Singbridge is experienced in investing into China, and has an ongoing project with the Jilin City Government to develop a sustainable model food zone in Jilin tailored for quality and safe food production in China and the region. CP, on the other hand, has a vertically integrated feed to farm to food operation business with extensive distribution network providing safe food to consumers," it said. The brokerage firm tagged SATS's expertise in operating efficient central kitchens as another positive. "We believe the three partners will be able to tap on each other’s expertise to grow the Jilin JVCo sustainably, providing safe food, which is likely to be in high demand given growing focus and awareness on safe food supply," OCBC Investment Research said.  

Wilmar's outlook still bright despite looming hiccups

Its planned listing on China could unlock new streams of growth.