acquisitions

ComfortDelGro buys buses and depots in Queensland, Australia for $17.5 mil - THE EDGE SINGAPORE

M&A

ComfortDelGro buys buses and depots in Queensland, Australia for $17.5 mil

CDG is acquiring the business assets of Young’s Bus Services, including 42 buses and two depots.
Suntec REIT divests Suntec City office strata units for $197 mil; acquires The Minster Building in London for $667.2 mil - THE EDGE SINGAPORE

REITs

Suntec REIT divests Suntec City office strata units for $197 mil; acquires The Minster Building in London for $667.2 mil

The London acquisition is said to be accretive to the REIT’s distribution per unit (DPU) and net asset value (NAV).
ESR-REIT eyes acquisitions overseas, AEIs at home - THE EDGE SINGAPORE

ESR-REIT eyes acquisitions overseas, AEIs at home

ESR-REIT plans acquisitions overseas supported by sponsor ESR Cayman, organic growth through AEIs at home
OCBC acquires remaining 51% stake in Horizon Asset Management for RM2.6 mil - THE EDGE SINGAPORE

M&A

OCBC acquires remaining 51% stake in Horizon Asset Management for RM2.6 mil

Horizon, following the acquisition, is now a wholly-owned subsidiary of OCBC Bank through KIM Limited.
REIT that offers price stability, stable DPU in a volatile year - THE EDGE SINGAPORE

Stocks To Watch

Mapletree Logistics Trust: REIT that offers price stability, stable DPU in a volatile year

Mapletree Logistics Trust's $1 billion of acquisitions made in 2020 are likely to boost net property income in 2021.
Keppel DC REIT’s DPU surges 20.5% in FY2020, manager plans to continue with acquisitions  - THE EDGE SINGAPORE

REITs

Keppel DC REIT’s DPU surges 20.5% in FY2020, manager plans to continue with acquisitions

Keppel DC REIT plans to continue growth path after DPU surged 20.5% in FY2020 to 9.17 cents. At current prices yield is 3.17%
Xero prices zero coupon US$700 mil convertible notes due 2025 - THE EDGE SINGAPORE

Funds

Xero prices zero coupon US$700 mil convertible notes due 2025

The settlement of the offering is expected on Dec 2, 2020.
Revez Corp acquires PGK Digital Networks for $4 mil, calls it a 'significant boost' to the mediatech landscape - THE EDGE SINGAPORE

M&A

Revez Corp acquires PGK Digital Networks for $4 mil, calls it a 'significant boost' to the mediatech landscape

The move is “strategically aligned” with Revez’s business vision for a full value-chain digitalisation for clients and partners.
PhillipCapital raises target price on Keppel DC REIT pending its acquisition deals - THE EDGE SINGAPORE

Broker's Calls

PhillipCapital raises target price on Keppel DC REIT pending its acquisition deals

Among its peers, PhillipCapital analyst Natalie Ong prefers Ascendas REIT instead.

REITs

REITs raise more than $3.7 bil in follow-on capital raising and perps

REITs are bankers' best friends, raising $3.7 billion this year through equity fund raisings and perpetual securities
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