acquisitions

Broker's Calls

DBS upgrades ARA Logos to 'buy' amid abating downside risks, steepening yield curves

SINGAPORE (June 16): DBS Group Research has upgraded ARA Logos Logistics Trust (ALLT) to a “buy” from the previous “hold” with a target price of 70 cents, representing a 32% upside for the stock. 

Investing ideas

SPH REIT becomes latest casualty of analyst downgrades as Covid-19 risks persist

SINGAPORE (Apr 2): Despite a fairly strong set of 2QFY2020 results, SPH REIT held back on distributions to unitholders in anticipation of near-term challenges brought about by the Covid-19 outbreak

M&A

China Hongxing ditches shoes for gold and copper as it attempts RTO with MMIH

SINGAPORE (Nov 25): Suspended for about eight years, and counting, China Hongxing Sports is a counter that its long-suffering minority shareholders have most likely written off.

Equity raising

Mapletree Logistics Trust launches private placement to raise $250 mil for acquisition of 7 properties

SINGAPORE (Oct 22): The manager of Mapletree Logistics Trust (MLT) has announced a proposed private placement to raise gross proceeds of around $250.0 million to help fund the trust’s proposed acqu

M&A

Mapletree Industrial Trust and Mapletree Investments to acquire US$1.4 bil data centre portfolio in North America

SINGAPORE (Sept 16): Mapletree Industrial Trust (MIT) and Mapletree Investments have formed a joint venture to acquire a US$1.4 billion ($1.9 billion) data centre portfolio in North Ameri

Investing ideas

Frasers Centrepoint Trust poised for re-rating as it enters next phase of growth

SINGAPORE (Sept 3): Units in Frasers Centrepoint Trust (FCT) have already surged more than 26% so far this year.

Investing ideas

ISOTeam poised to ride strategic acquisitions to stay out of the red

SINGAPORE (Aug 30): ISOTeam ended FY19 on a high, as it reversed out of the red on the back of higher revenue.

Singapore’s beloved REITs could see more growth on possible rule change

(Aug 2): Investors in Singapore’s much-loved real estate investment trusts (REITS) may soon have another reason to cheer, as the central bank considers looser debt rules that could spur more acquis

M&A

HC Surgical expands GP headcount by acquiring 25% stake in The Ming Clinic operator

SINGAPORE (May 31): HC Surgical Specialists, the Catalist-listed medical services provider, is acquiring a 25% stake in Medistar Services for $480,000 from three general practitioners (GPs), namely

M&A

Manulife US REIT acquires Virginia asset for US$122 mil; proposes US$94 mil private placement to fund deal

SINGAPORE (April 29): Manulife US REIT has agreed to acquire a freehold 11-storey Class ‘A’ office asset at the Washington Metropolitan area in Fairfax, Virginia, for a consideration of US$122 mill

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