The Daily Edge

Croesus Retail Trust acquires One’s Mall in Tokyo for $132.5 mil

The manager of Croesus Retail Trust said it has entered into a purchase and sale agreement to buy One’s Mall for JPY11 billion ($132.5 million). The consideration represents a 5.2% discount to the independent valuation of JPY11.6 billion.

Blumont says company was not sponsor of employment pass for Soh Chee Wen

Blumont Group has clarified in a statement to the SGX that the company is not and has not been the sponsor for any employment pass for Soh Chee Wen. Blumont was referring to the two articles titled “Hunting for the truth” which appeared in the editions of The Edge Singapore and The Edge Malaysia respectively for the week of Sept 1 to 7 2014.

DBS Bank announces two senior management appointments

DBS Bank today announced two senior management appointments. John Laurens, an industry veteran with over 30 years of banking experience, will join DBS on 10 November as Head of Global Transaction Services (GTS). Laurens will be taking over the reins from Tom McCabe, who after 18 years in Asia, will be relocating back to the US to head up the DBS franchise there.

GIC, Blue Water Energy and Blackstone invest US$500 mil in Siccar Point Energy

Siccar Point Energy, the new exploration, development and production company focused on the North Sea, announced on Sunday that Singapore's sovereign fund GIC and affiliates of Blue Water Energy and Blackstone Energy Partners have agreed to lead an initial investment of up to US$500 million ($624.5 million) in the company.

Sep 1: CapitaLand, Global Yellow Pages, Jasper Investments

The Straits Times Index (STI) on Friday ended -3.13 points lower or -0.09% to 3327.09, taking the year-to-date performance to +5.12%. The top active stocks were OCBC Bank (+0.91%), STATS ChipPAC (+13.64%), ThaiBev (+3.65%), SingTel (-0.51%) and DBS (-0.22%). Here are some stocks and factors that could move the market today:

Global Yellow Pages acquires Wendy’s Supa Sundaes franchise for A$10 mil

Jasper Investments announces breach of payment obligation

CapitaLand appoints new CEOs for CapitaMalls Asia and CapitaLand China

EUR/USD Performance Charts as at 12:00p.m. Singapore time, 1/09/2014

Olam annual core earnings flat, revamp fails to give much of a lift

Aug 29: Olam, Wing Tai, ASL Marine, STATS ChipPAC, Straco

Olam 4Q net profit drops 43.9% to $31.8 mil

IPS Securex wins $4.5 mil contract from HDB for alarm systems

AusGroup posts 4Q earnings of $2.6 mil on improved operating performance

ASL Marine Holdings posts unexpected $3 mil loss for 4Q

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Weekend Comment Aug 29: Hospitality trusts to get a boost from higher 2H tourist arrivals, says CIMB

TOURIST ARRIVALS IN Singapore may have shown a drop in the first half this year, but hospitality REITs remain a good sector to invest in, according to CIMB analysts in a recent report. Visitors from Mainland China, one of the fastest growing sources of travellers to the city state, fell 29.8% in...

Manu Bhaskaran: Rising deflationary risks for Singapore?

Manu Bhaskaran: Rising deflationary risks for Singapore?

ALTHOUGH A SLOWER pace of decline in exports in July has raised hopes that the economy might bottom out soon, the overall economic news flow has been disappointing. GDP growth slowed to 2.4% y-o-y in the second quarter,the slowest since the beginning of last year and halving from 4.8% in the first quarter....

Daryl Guppy: Shanghai Index pattern breakout

IN RECENT MONTHS, there have been significant developments beneath the froth of bubble of China GDP figures and hot and cold PMI (Purchasing Managers’ Index) results. In a broad sense, the Chinese economy continues relatively smoothly. Growth has slowed to around the levels indicated by the government...

Weekend Comment Aug 22: Searching for yield among Singapore REITs

IN A SINGAPORE market where the recent earnings season has generally disappointed, there are few places to hide, says CIMB Research. The firm contends that only a few outstanding themes stand out for investors. They are looking for specific catalysts that move stock prices; stocks with deep value; or...

Daryl Guppy: Shanghai Index momentum stalls

The Shanghai Free Trade Zone (FTZ) is a Chinese contradiction. Critics charge that the zone has gone nowhere since its flashy announcement just a year ago. Others argue that significant progress has been made. At the time of the announcement, it was hinted that big reforms would quickly follow....

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Manu Bhaskaran: Complacency on US interest rates may reverse abruptly as recovery broadens

Daryl Guppy: Shanghai Index momentum consolidation

Weekend Comment Aug 8: Wilmar wilts as business challenges persist

Lim Yin Foong: London properties offer high capital growth, but poor rental yields

Daryl Guppy: Shanghai Index breakout pattern continues

Weekend Comment Aug 1: Osim: To uInfinity and beyond

Manu Bhaskaran: Are we in for greater financial turbulence?

Daryl Guppy: Shanghai Index breakout pattern continues

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