DBS raises SGX target price to S$9.60, maintains 'buy' call

DBS Group Research has raised its target price for the Singapore Exchange (SGX) to S$9.60, up from S$8.90 previously, while maintaining its "buy" call on the stock.

Broker's take: DBS raises SGX's target price on index firm acquisition

DBS Group Research has maintained its "buy" call on the Singapore Exchange (SGX) while raising its target price to S$9.60, up from S$8.90 previously.

Singapore stocks muted ahead of Chinese New Year; STI opens 0.02% higher

SINGAPORE shares were little changed on Friday morning, after the Republic confirmed its first case of the Wuhan virus overnight.

Sabana Reit posts Q4 DPU of 0.77 S cent

SABANA Shari'ah Compliant Industrial Real Estate Investment Trust (Sabana Reit) on Thursday evening posted a fourth-quarter distribution per unit (DPU) of 0.77 Singapore cent for the three months ended Dec 31, up 8.5 per cent from 0.71 cent a year ago.

Allied Tech CEO, CFO to assist in CAD probe

ALLIED Technologies' chief executive officer Clement Leow Wee Kia and chief financial officer Ong Lizhen will be "providing assistance" to the Commercial Affairs Department (CAD) on an investigation, the company said on Wednesday night.

Frasers Property buying London office buildings for £135m

A SUBSIDIARY of Frasers Property is acquiring the entire stake in Bedfont Lakes which holds the freehold interest in a business park comprising three office buildings in London.

Top Glove unit proposes RM3b perp sukuk programme

MALAYSIA-BASED glove manufacturer Top Glove on Thursday said its subsidiary, TG Excellence Berhad, has lodged a RM3 billion (S$1 billion) perpetual sukuk programme with the Securities Commission Malaysia.

Frasers Property buying London business park for £135m

REAL estate group Frasers Property on Thursday said it is acquiring Lakeshore, Bedfont Lakes business park in London for £135 million (S$238 million).

Allied Tech CEO, CFO to assist in CAD probe

ALLIED Technologies' chief executive officer Clement Leow Wee Kia and chief financial officer Ong Lizhen will be "providing assistance" to the Commercial Affairs Department on an investigation, the company said on Wednesday night.

REITS CONSOLIDATION

CCT, CMT unveil plan for Reit juggernaut in S$8.27b merger

TWO CapitaLand S-Reits (Singapore real estate investment trust) are joining the sector's consolidation trend with a deal that if successful will propel the emergent entity to be Singapore's biggest Reit and Asia-Pacific third largest.

Parkway Life Reit Q4 DPU rises 1.8%, boosted by newly acquired properties

PARKWAY Life Real Estate Investment Trust (PLife Reit) on Wednesday posted a 1.8 per cent rise in distribution per unit (DPU) to 3.34 Singapore cents for the fourth quarter ended Dec 31, up from 3.28 Singapore cents a year earlier.

Amoy Street, Bukit Pasoh conservation shophouses up for sale

A 999-year leasehold shophouse in Amoy Street has been launched for sale with a guide price of at least S$9 million, while another freehold shophouse in Bukit Pasoh has been launched for sale at an indicative price of S$15 million.

CMT, CCT in proposed merger to form third largest Reit in Asia-Pacific

THE Singapore real estate investment trusts (S-Reits) sector is witnessing yet another proposed consolidation, with CapitaLand Commercial Trust (CCT) and CapitaLand Mall Trust (CMT) on Wednesday announcing a proposed merger via a S$8.27 billion cash and stock deal.

Parkway Life Reit Q4 DPU rises 2% to 3.34 S cents

PARKWAY Life Real Estate Investment Trust (PLife Reit) on Wednesday posted a 2 per cent rise in distribution per unit (DPU) to 3.34 Singapore cents for the fourth quarter ended Dec 31, 2019, up from 3.28 Singapore cents a year ago. 

Design retailer Naiise apologises for payment delays after brands exit

YEARS of repeated late payments have led to several brands removing some or all of their products from multi-label lifestyle and design retailer Naiise’s shelves in Singapore and Malaysia.

ComfortDelGro gets A$25m green loan to buy hybrid buses in Australia

COMFORTDELGRO'S Australian subsidiary has secured a A$25 million (S$23.1 million) green loan from OCBC Bank to finance its hybrid bus fleet in Victoria, both companies announced in a joint statement on Tuesday.

Keong Hong, Hyundai to build new sports, recreation centre for S$306.6m

KEONG Hong Holdings' wholly-owned subsidiary and Hyundai Engineering & Construction Singapore Branch will develop a new sports and recreation centre.

HRnetGroup incorporates manpower services JV in Indonesia

HRNETGROUP has incorporated a joint venture (JV) for its business in Indonesia, the mainboard-listed recruitment firm said on Monday. 

SPH to issue S$500m 3.2% senior unsecured notes due 2030

SINGAPORE Press Holdings (SPH) will be issuing S$500 million senior unsecured notes at par, under its S$1 billion multi-currency debt issuance programme.

Stocks to watch: CapitaLand, Frasers Commercial Trust, SPH, China Everbright, China Haida

THE following companies saw new developments that may affect trading of their shares on Thursday:

SPH to issue S$500m 3.2% senior unsecured notes due 2030

SINGAPORE Press Holdings (SPH) will issue S$500 million senior unsecured notes at par, under its S$1 billion multi-currency debt programme.

Competition watchdog seeks public feedback on Sembcorp, Veolia deal

THE Competition and Consumer Commission of Singapore (CCCS) is inviting public feedback on SembWaste's proposed acquisition of Veolia ES Singapore (VESS), it said in a media statement on Wednesday. 

City Developments to issue S$200m of 5-year senior notes

CITY Developments Limited (CDL) will sell new S$200 million senior notes at par, under its S$5 billion medium-term note programme.

Broker's take: DBS sees Fu Yu 'moulding for growth', initiates coverage with 'buy'

DBS Group Research has initiated coverage on precision plastic components maker Fu Yu Corporation with a "buy" call and a target price of S$0.35.

Stocks to watch: Singtel, TEE Intl, Mapletree Industrial Trust, OUE, Golden Energy, JEP

THE following companies saw new developments that may affect trading of their shares on Wednesday.