Right Timing

Sabana REIT receives boost from NTP+, moving averages, as STI remains in corrective mode

Sabana Shariah Compliant Industrial REIT’s new NTP+ Mall which was highlighted in this week’s publication was a pleasant surprise.

Contracts

SIIC Environment signs projects involving a total investment of RMB750 mil

Mainboard-listed SIIC Environment Holdings has signed projects in Jiaxing City in the Zhejiang Province comprised of the 80,000 tonnes Wastewater Treatment Plant (WWTP) project, 30,000 tonnes Recla

Broker's Calls

DBS downgrades SIA to 'fully valued' as share price runs ahead of fundamentals

DBS Group Research has downgraded Singapore Airlines (SIA) to “fully valued” with a target price of $3.60 that’s based on 0.9 times FY2022 price-to-book (P/BV).

Banking & finance

Citi to exit retail banking in 13 markets across Asia and Europe

Citigroup Inc. plans to exit retail banking in 13 markets across Asia and the Europe, Middle East and Africa region.

China Construction Bank to list maiden RMB2 billion transition bond on SGX - THE EDGE SINGAPORE

IPO

China Construction Bank to list maiden RMB2 billion transition bond on SGX

A RMB2 billion ($0.41 billion) 2-year senior transition bond from the China Construction Bank (CCB) is set to be listed on the Singapore and Hong Kong stock exchanges on April 22.

Contracts

ST Engineering enters Australian rail market with Queensland contract win

Singapore Technologies Engineering (ST Engineerin) has won a contract to provide 96 sets of platform screen doors (PSD) for all four new underground stations on Queensland’s Cross River Rail.

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