|
Latest Posts By Joelton
- Supreme
|
|
| 19-Mar-2020 09:56 |
Amcorp Global
/
TEE LAND
|
|
|
Tee Land' s offeror plans to restore free float WED, MAR 18, 2020 - 10:18 AM MAINBOARD-LISTED Tee Land on Tuesday disclosed that it has lost its free float. This means the Singapore Exchange may suspend trading of the developer' s shares at the close of the offer on March 20, 5.30pm. As at 5pm on Tuesday, the number of shares owned, controlled or agreed to be acquired by offeror  Amcorp Group stood at 91.06 per cent. Amcorp plans to restore the free float, so as to lift the trading suspension and keep Tee Land listed. This is by undertaking or supporting any action which ensures at least 10 per cent of the total number of shares - excluding treasury shares - are held by at least 500 shareholders who are members of the public. However, there is no assurance that timely and appropriate actions can be taken as these are dependent on prevailing market conditions at the relevant time, Tee Land said in a regulatory update. In a separate announcement, Tee Land said it will hold an extraordinary general meeting on April 9 for its shareholders to vote on the proposed disposal of Tee Industrial to Tee International and the proposed name change to Amcorp Global Limited. Tee Land shares closed flat at 17.8 Singapore cents on Tuesday. https://www.businesstimes.com.sg/companies-markets/tee-lands-offeror-plans-to-restore-free-float |
| Good Post Bad Post | |
| 19-Mar-2020 09:49 |
DBS
/
DBS
|
|
|
Broker' s take: DBS recommends accumulating S-Reits following sell-off WED, MAR 18, 2020 - 11:50 AM DBS Group Research  said in a report on Wednesday it recommends accumulating certain Singapore real estate investment trusts (S-Reits) following over-selling of the sector by investors.  " The mix of fund redemptions and unwinding of leveraged positions have resulted in the indiscriminate selling of Singapore real estate investment trusts (S-Reits)," said DBS. The research team singled out  CapitaLand Mall Trust,  Frasers Centrepoint Trust, Suntec Reit, Keppel Reit, Lendlease Global Reit, Mapletree Industrial Trust and Ascendas Reit for their quality assets and attractive value relative to growth. These Reits were all trading in the green as at 11.25am on Wednesday. Once the dust settles on the Covid-19 outbreak, DBS believes investors will refocus back on attractive yield spreads of more than 5 per cent and lower for longer 10-year bond rates that will lend support to higher share prices in the medium term.   https://www.businesstimes.com.sg/companies-markets/brokers-take-dbs-recommends-accumulating-s-reits-following-sell-off |
| Good Post Bad Post | |
| 19-Mar-2020 09:46 |
SingTel
/
Singtel Bullish???
|
|
|
Fitch expects reduced visibility on Singtel' s free cash flow FITCH Ratings on Wednesday said Singtel' s weaker-than-expected growth prospects and potential for higher capital expenditure for the 5G standalone network in Singapore are likely to reduce visibility on the group' s free cash flow. This comes after the agency  had in February downgraded Singtel' s  long-term foreign- and local-currency issuer default ratings (IDR) and foreign-currency senior unsecured rating to A from A+. Fitch expects that the telco' s leverage - defined as FFO (funds from operations) adjusted net leverage - is likely to rise to around 2.5 times in the financial year ended March 2021 (FY21) and FY22, within the agency' s downgrade trigger of 2.7 times.  Its projections exclude any sales of non-core assets, given the uncertainties associated with the timing and transaction value.  In a report on Wednesday, Fitch forecasted " low single digits" revenue growth for Singtel in FY21 and FY22, at constant currency, in light of " intense" competition in Singapore and Australia and cautious business sentiment affecting corporate spending.  That being said, the agency believes that 5G investments will ultimately strengthen competitiveness, noting that Singtel is " well-positioned" to win one of the two 5G standalone network licences up for grabs in Singapore. Results are expected to be announced by the  Infocomm Media Development Authority by mid-2020.  https://www.businesstimes.com.sg/companies-markets/fitch-expects-reduced-visibility-on-singtels-free-cash-flow |
| Good Post Bad Post | |
| 18-Mar-2020 09:57 |
UOB
/
UOB
|
|
|
UOB sees higher credit costs, OCBC expects muted revenue following Malaysia' s lockdown
UOB, which has the largest Asean exposure of the three local banks, is expecting a greater impact on its credit costs than initially thought of, as the global novel coronavirus outbreak has caused several countries to go into lockdown mode. In response to queries from The... https://www.businesstimes.com.sg/companies-markets/uob-sees-higher-credit-costs-ocbc-expects-muted-revenue-following-malaysias |
| Good Post Bad Post | |
| 18-Mar-2020 09:52 |
SIA
/
SIA
|
|
|
SIA cuts more flights, to run at half its original capacity amid virus falloutSINGAPORE Airlines (SIA) on Tuesday announced a fresh round of flight cuts as the airline industry takes a further beating from new travel restrictions amid the virus fallout. The latest suspensions mean that the carrier will operate at only half the capacity that had... https://www.businesstimes.com.sg/companies-markets/sia-cuts-more-flights-to-run-at-half-its-original-capacity-amid-virus-fallout |
| Good Post Bad Post | |
| 18-Mar-2020 09:48 |
Ezion
/
ezion views
|
|
|
Will Ezion' s last-ditch rescue attempt with Yinson survive the oil onslaught? AS FEBRUARY came to a close, embattled Ezion Holdings issued some good news to long-suffering shareholders: its do-or-die rescue deal by white knight Yinson Holdings was back on the table. The agreement with Yinson had lapsed last October as one of Ezion' s creditor banks did not receive... https://www.businesstimes.com.sg/companies-markets/will-ezions-last-ditch-rescue-attempt-with-yinson-survive-the-oil-onslaught |
| Good Post Bad Post | |
| 18-Mar-2020 09:45 |
Assurance HC
/
Revez expanding capabilities despite virus outbrea
|
|
|
Revez expanding capabilities despite virus outbreakSingapore AS SOME businesses scramble to scale back their operations amid the Covid-19 outbreak, technology solutions provider Revez Corp hopes to buck the trend by developing new capabilities in the field of industrial automation. Revez, pronounced as " rev" , specialises in... https://www.businesstimes.com.sg/companies-markets/revez-expanding-capabilities-despite-virus-outbreak |
| Good Post Bad Post | |
| 18-Mar-2020 09:42 |
SGX
/
SGX
|
|
|
CoVid-19 SGX to prioritise keeping markets ' available and accessible' even as Philippines shutters exchange amid Covid-19 panic Stanislaus Jude Chan  17/03/2020, 3:42pm SINGAPORE (Mar 17): While the Philippine Stock Exchange has suspended trading from Tuesday amid the Covid-19 pandemic, the Singapore Exchange (SGX) says it is committed to keeping its markets open. The Philippines shut down its equity, currency and bond markets after Manila expanded a month-long lockdown of the capital region to contain the coronavirus outbreak. The country is the first to halt trading, after Philippine equities tumbled more than 30% this year &ndash among the biggest declines in Asia. While controversial and extremely rare, the move is not without precedent. Following the 9/11 terrorist attacks in 2001, America&rsquo s stock market closed for almost a week. In 2015, Greece shut its stock market for about five weeks amid a government-debt crisis. Hong Kong had also halted trading in the wake of the Black Monday crash in 1987. The Philippines' move has prompted speculation that other countries may follow suit to stem plunging stock prices, on the back of heightened fears of a global recession. Investors in Singapore, however, have little reason to worry at this point that financial markets here will be shutting down. &ldquo Our priority is to ensure that our securities and derivatives markets are always available and accessible,&rdquo says an SGX spokesperson in response to questions from  The Edge Singapore. &ldquo We are committed to ensuring that our trading, risk management and clearing capabilities are robust, especially in these volatile times.&rdquo &ldquo We have taken a holistic approach to maintain a safe working environment and strengthen resiliency,&rdquo the spokesperson adds. Even as shutting down of the stock exchange might be seen as an extreme measure, some market experts have voiced their support for the move in the Philippines. &ldquo Think of it as a circuit breaker on steroids,&rdquo says Justin Tang, head of Asian research at United First Partners in Singapore. &ldquo The suspension will hurt those who rely on trading for an income but will provide time for participants to calm down and evaluate the situation rationally.&rdquo &ldquo There is rampant fear at the moment as evidenced by the unprecedented volatility. The enemy is ourselves in that we are really reacting to a loss of control over the situation given that no one really knows how far this can go &ndash just as it was on 9/11,&rdquo he adds. Meanwhile, Jonathan Ravelas, a strategist at BDO Unibank in the Philippines, believes it is a &ldquo smart move&rdquo . &ldquo The market is already in hysteria. Sometimes taking a step back allows investors to rethink their position and digest the flood of information out there. This is a health crisis we are facing and it seems the market reaction has been too exaggerated,&rdquo he says. However, Ramon Monzon, the Philippine Stock Exchange&rsquo s chief executive officer, describes the closure of the capital market as &ldquo an oversight&rdquo by the government. &ldquo If we were given the chance to articulate our position we would have requested that we don&rsquo t be included in the closure,&rdquo Monzon says. &ldquo Even if the market drops it is better to be open and have that transparency.&rdquo https://www.theedgesingapore.com/news/covid-19/sgx-prioritise-keeping-markets-available-and-accessible-even-philippines-shutters |
| Good Post Bad Post | |
| 18-Mar-2020 09:33 |
SIA
/
SIA
|
|
|
SIA, hit by virus fallout, cuts more flights, runs at half its original capacity TUE, MAR 17, 2020 - 7:07 PM - 
UPDATED TUE, MAR 17, 2020 - 8:14 PM
SINGAPORE Airlines (SIA) on Tuesday announced a fresh round of flight cuts as travel restrictions continue to surface amid the global Covid-19 pandemic.  The latest suspensions mean that the carrier will operate at only half the capacity that had been originally scheduled up to end-April, said the carrier in a statement. SIA is  expecting to make further cuts to its capacity given the growing scale of the border controls globally and its " deepening impact" on air travel.  SIA chief executive Goh Choon Phong said: &ldquo We have lost a large amount of our traffic in a very short time, and it will not be viable for us to maintain our current network. Make no mistake &ndash we expect the pace of this deterioration to accelerate. The SIA Group must be prepared for a prolonged period of difficulty."   The group further said it is actively taking steps to build up its liquidity, and will also " consult the unions once again" as it " urgently takes steps" to further cut costs. In an internal note to staff seen by  The Business Times, Mr Goh said " more hard decisions and sacrifices will be needed" as the crisis continues to worsen.  https://www.businesstimes.com.sg/companies-markets/sia-hit-by-virus-fallout-cuts-more-flights-runs-at-half-its-original-capacity |
| Good Post Bad Post | |
| 18-Mar-2020 09:30 |
Banyan Tree
/
Banyan Tree - A takeover target?
|
|
|
Banyan Tree in JV to manage 17 Htoo hotels, resorts in Myanmar TUE, MAR 17, 2020 - 9:59 AM HOSPITALITY group Banyan Tree Holdings has formed a 50-50 joint venture (JV) with Myanmar Treasure Hotel & Resort Group (Htoo Hospitality) to initially manage 17 of the latter' s hotel properties. Htoo Hospitality is the hospitality division of Myanmar business tycoon U Tay Za' s Htoo Group of Companies. It currently owns 15 hotels and resorts, with two in the pipeline. This includes brands like Aureum Palace Hotels & Resorts, Myanmar Treasure Resorts and Malikha Lodge. Projects under development include Kandawygi Palace Hotel in Yangon and a new destination resort in the Mergui Archipelago. The joint venture will create opportunities for Banyan Tree to enter related strategic sectors in Myanmar. It also comes as the group identifies growth opportunities in Myanmar' s hotel management sector, according to a regulatory update on Monday. Htoo Group of Companies is a holding company with diversified businesses in trading, construction, aviation and hospitality, to name a few. The JV agreement was entered into by Banyan Tree' s wholly-owned subsidiary Banyan Tree Hotels and Resorts Pte Ltd on March 16. Incorporated in Singapore, the JV company will have an issued and paid-up share capital of S$100,000, with each party contributing an equal amount. Banyan Tree' s capital contribution will be funded by internal resources and is not expected to have any material impact on the group' s consolidated net tangible asset and consolidated earnings per share for the financial year ending Dec 31, 2020. The JV company will incorporate a subsidiary in Myanmar - which will carry out the hotel management business in Myanmar. The JV company will also operate Htoo Hospitality' s hospitality school in Yangon called Hotel & Tourism Training Centre.   Banyan Tree' s shares closed flat at S$0.30 on Monday. https://www.businesstimes.com.sg/companies-markets/banyan-tree-in-jv-to-manage-17-htoo-hotels-resorts-in-myanmar |
| Good Post Bad Post | |
| 18-Mar-2020 09:24 |
Sasseur Reit
/
Sasseur REIT Latest News
|
|
|
Sasseur Reit' s China malls reopen to higher sales Singapore SASSEUR Real Estate Investment Trust' s (Sasseur Reit) manager on Tuesday reported " encouraging" first-day reopening sales at its outlet malls, which have reopened since they were shuttered amid the coronavirus outbreak. The four malls in China took in sales totalling 11.5... https://www.businesstimes.com.sg/companies-markets/sasseur-reits-china-malls-reopen-to-higher-sales |
| Good Post Bad Post | |
| 18-Mar-2020 09:10 |
Alset
/
Singapore-eDev
|
|
|
Catalist-listed SeD claims its two compounds can block Covid-19 infection TUE, MAR 17, 2020 - 9:38 PM CATALIST-LISTED Singapore eDevelopment (SeD) on Tuesday said that its US subsidiary, Impact BioMedical, has tested two compounds that can successfully inhibit the infection by the Covid-19 virus. Results from Impact BioMedical' s recent molecular-docking studies indicate that compounds ' Linebacker' and ' Equivir' are able to block three integral viral mechanisms for Sars-CoV-2 (the virus behind Covid-19) replication and infection, said SeD.  The three mechanisms are: the viral spike interaction point, helicase and protease.  Equivir and Linebacker are currently undergoing accelerated testing against Sars-CoV-2, and data is expected to confirm their efficacy based on previous work against other coronaviruses such as Sars (severe acute respiratory syndrome)  and Mers (Middle East respiratory coronavirus), said SeD. This latest research is part of a programme conducted by Impact BioMedical' s scientific research partner, GRDG Sciences.  Recent studies have found that  Angiotensin converting enzyme 2 (ACE2) could be the host receptor for Sars-Cov-2. However, it is " problematic" to inhibit ACE2 as it is required to regulate the cardiovascular system, said SeD.  Daryl Thompson, director of scientific initiatives at GRDG, added: " ACE2 is essential for maintaining the health of the pulmonary system and may not be a straightforward target for inhibition. Instead, we are utilising Linebacker and Equivir therapeutics as molecular probes to identify methods to make the ACE2 resistant and less accessible to coronavirus infection."   Chan Heng Fai, SeD executive chairman and executive director, noted that the group is looking to provide " meaningful  solutions to the current pandemic soonest" .  That being said, shareholders and potential investors of SeD should note that there is " no certainty or assurance" , as at Tuesday, that Equivir will be licensed or close to monetisation, said the group.  Shares of SeD fell 0.1 Singapore cent - or 3.5 per cent - to close trading at 2.8 cents on Tuesday.  https://www.businesstimes.com.sg/companies-markets/catalist-listed-sed-claims-its-two-compounds-can-block-covid-19-infection |
| Good Post Bad Post | |
| 18-Mar-2020 09:03 |
Sasseur Reit
/
Sasseur REIT Latest News
|
|
|
Sasseur Reit sees ' encouraging' reopening sales at China mallsSasseur Real Estate Investment Trust (Sasseur Reit) has recorded " encouraging" first-day reopening sales at its Chinese outlet malls since they were shuttered amid the coronavirus outbreak. The four malls brought in sales totalling 11.5 million yuan (S$2.3 million) on their respective reopening dates, a 129 per cent increase from the corresponding dates a year ago. The Kunming property was reopened last Wednesday, followed by the Hefei outlet last Friday and the Chongqing and Bishan ones on Sunday. While there will be an impact on the Reit' s sales performance for the first quarter due to the closures, its sponsor - Sasseur Cayman Holding - will ensure that the Reit continues to receive the fixed component of the resultant rent according to the entrustment management agreement. The Reit will also receive the variable component of the resultant rent, which is pegged to actual sales, Mr Ang said. The Sasseur group has also rolled out marketing and promotional events to celebrate the malls' reopening. Sasseur Reit units closed down 1.6 per cent to 60 cents yesterday. https://www.straitstimes.com/business/companies-markets/sasseur-reit-sees-encouraging-reopening-sales-at-china-malls |
| Good Post Bad Post | |
| 17-Mar-2020 09:55 |
SIA
/
SIA
|
|
|
SIA slides following govt travel directiveTUE, MAR 17, 2020 - 5:50 AMSingapore SHARES of Singapore Airlines (SIA) fell S$0.46 or 6.4 per cent to close at S$6.74 on Monday, after the government announced new measures to reduce the spread of Covid-19. From 11.59pm on Monday, all travellers entering Singapore with recent travel history to Asean... https://www.businesstimes.com.sg/companies-markets/sia-slides-following-govt-travel-directive   |
| Good Post Bad Post | |
| 17-Mar-2020 09:51 |
SIA
/
SIA
|
|
|
Plunging oil prices add to headwinds for SIA TUE, MAR 17, 2020 - 5:50 AM AS COUNTRIES tighten their borders, travellers hunker down and oil prices tumble, Singapore Airlines (SIA) is flying into something of a perfect storm. While cheaper fuel normally spells relief, depressed oil prices represents a double whammy for the airline group, which has already been... https://www.businesstimes.com.sg/companies-markets/plunging-oil-prices-add-to-headwinds-for-sia |
| Good Post Bad Post | |
| 17-Mar-2020 09:46 |
Wee Hur
/
Wee Hur
|
|
|
Wee Hur eyes acquisition of Canberra property at purchase price of $25 mil Stanislaus Jude Chan  16/03/2020, 5:56pm SINGAPORE (Mar 16): Construction company Wee Hur is acquiring a plot of land at Moore Street in Canberra, Australia, for a total purchase consideration of A$29 million ($25.3 million). Wholly-owned subsidiary Wee Hur (Buranda 2) (WHB2) has entered into a call option nomination deed with option holder Moore Canberra Property Pty Ltd ATF Moore Canberra Property Unit Trust in relation to the proposed acquisition. Under a call option with the seller in August 2018, the option holder has the right to purchase the 1,400 sqm property for A$20 million. Pursuant to the deed, Wee Hur will also pay a further A$9 million for the option holder to nominate WHB2 to exercise the option and enter into the contract for the sale and purchase of the property. The full purchase consideration will be paid in cash and funded by internal resources. The group says the proposed acquisition is in line with its strategy to venture into Australian-focused purpose-built student accommodation with the aim of collecting passive recurring rental income. Located off-campus and some 150 metres away from The Australian National University, the title to the property is held under a crown lease for a term of 99 years, expiring on Aug 30, 2078. It is customary in the Australian Capital Territory for crown leases to be renewed on expiry, the company says in a regulatory filing on Monday. Wee Hur says the proposed acquisition is not expected to have a material impact on its earnings per share and net tangible assets per share for the current financial year ending December 2020. Shares in Wee Hur closed half a cent lower, or down 2.6%, at 18.5 cents on Monday, before the announcement. https://www.theedgesingapore.com/news/property/wee-hur-eyes-acquisition-canberra-property-purchase-price-25-mil |
| Good Post Bad Post | |
| 17-Mar-2020 09:33 |
Ho Bee Land
/
Ho Bee Land- next potential privatisation Hobby
|
|
|
Ho Bee Land wins S$223.6m tender for biomedical sciences facility at one-northMON, MAR 16, 2020 - 8:43 PMMAINBOARD-LISTED Ho Bee Land' s subsidiary, HB Universal, has been awarded  the concept and price tender to build, own and operate Biopolis Phase 6 at one-north by JTC Corporation, said Ho Bee in a statement on Monday. Ho Bee' s S$223.6 million tender to JTC was the winning bid among four submissions. The tender closed on Dec 4, 2019.  Biopolis Phase 6 will be the latest development in the Biopolis precinct, to be completed in 2022. The  12-storey mixed-used facility will add another 35,000 square metres (sq m) of business park space for biomedical sciences (BMS) research and supporting activities, and 6,000 sq m for office and retail use, said Ho Bee, adding that the new building  will be home to a community of researchers and entrepreneurs.  With an increasing number of BMS startups and demand for semi or fully-furnished laboratories, 2,000 sq m of the business park space will be set aside for fitted-out  laboratory spaces to address a current market gap for mature BMS startups that have graduated from incubator or accelerator spaces, said Ho Bee.  The laboratory will be fitted out with lab benches, waste drainage and exhaust provisions, which help to reduce startups&rsquo upfront expenditure costs and speed up their time to market.  To add, the co-location of mature startups with multinational corporations, local enterprises and research institutes will provide a " conducive and collaborative" environment for research partnerships, while improving their market access and success rate in the longer term, said Ho Bee. The  Buona Vista  activity  node, next to  Buona Vista  MRT interchange, will be integrated with the new facility, and transformed into a new community space for the public.  Ho Bee has commissioned architecture design firm, Skidmore Owings & Merill, as the lead design architect. It has partnered local architect firm DCA Architects to  conceptualise the landmark building.  The new building is  designed to achieve the Green Mark Platinum Award standard set by the Building and Construction Authority. It will enjoy optimum energy efficiency while providing ample access to daylight and views of the surrounding community, said Ho Bee.  Nicholas Chua, deputy chief executive of Ho Bee, said: &ldquo We are very pleased to have won the tender for this site. The intent of the development is to spearhead the creation of a new generation of labs that help foster research and discovery. " This is timely as the government hopes to incubate more biotech startups in Singapore as part of its drive to transform Singapore into the BMS hub of Asia." Ho Bee shares closed down 16 Singapore cents - or 7.62 per cent - to S$1.94 on Monday.  https://www.businesstimes.com.sg/companies-markets/ho-bee-land-wins-s2236m-tender-for-biomedical-sciences-facility-at-one-north   |
| Good Post Bad Post | |
| 17-Mar-2020 09:29 |
Starburst
/
Star
|
|
|
Starburst bags S$40.9m contract for firearms training facility in SE AsiaMON, MAR 16, 2020 - 9:39 PMCATALIST-LISTED Starburst  Holdings said on Monday that its subsidiary, Starburst Engineering, has  clinched a  S$40.9 million contract to build a firearms training facility in South-east Asia.  This is the group' s largest contract win to date. Starburst Engineering will design, supply, deliver and install range specialist and associated works for the new facility, scheduled to be completed by February 2022, said the group in a statement.  The contract will be carried out over two years, and is expected to have a positive impact on net tangible assets and earnings per share of the group for the financial year ending Dec 31, 2020, said Starburst.  Edward Lim, executive chairman of Starburst, said: " This contract marks an exciting start for us in 2020, and serves to further validate our capabilities and reputation as a top-tier provider of in-house integrated solutions in the regional defence sector." Demand for military equipment and facilities is on the rise, as governments across the globe double down on military modernisation amid increasing global security concerns.  In 2019, global defence spending rose by approximately 4 per cent from 2018 &ndash the highest year-on-year growth in years, according to data from the  International Institute for Strategic Studies.  While Starburst " remains sanguine" on opportunities within the region, the group is " cautiously optimistic of future projects" amid the ongoing Covid-19 pandemic, said Jonathan Yap, managing director of Starburst.  Starburst shares closed trading at S$0.385 on Monday, down one Singapore cent or 2.53 per cent.  https://www.businesstimes.com.sg/companies-markets/starburst-bags-s409m-contract-for-firearms-training-facility-in-se-asia |
| Good Post Bad Post | |
| 17-Mar-2020 09:26 |
YZJ Shipbldg SGD
/
The Only Shipbuilding Blue Chip in SGX!
|
|
|
Yangzijiang Shipbuilding inks US$1.15b deal
|
| Good Post Bad Post | |
| 16-Mar-2020 10:17 |
Clearbridge
/
SARS RELATED PLAYS..
|
|
|
Biolidics to raise S$3.1m from share placement for expansion
The Catalist-listed company will issue about 17.9 million new ordinary shares at 17.5 Singapore cents each. |
| Good Post Bad Post | |
| First < Newer   14581-14600 of 14616 Older> Last |

