acquisitions

Further acquisition deals, Paragon to serve as key re-rating catalysts for SPH REIT
SINGAPORE (Jan 7): OCBC Investment Research and Maybank Kim Eng are maintaining their “hold” calls on SPH REIT with an unchanged fair value estimate and price target of 99 cents and $1.02, respectively. This comes after the REIT’s 1Q19 earnings results came in line with both research houses’ estimates, with DPU coming in flat y-o-y at 1.34 cents due to the retention of a lower $1.3 ...
Artivision seeks extension of long stop date for reverse takeover of e-payment solutions firm
SINGAPORE (Jan 2): Artivision Technologies has signalled a delay in its plans to acquire a 100% stake in e-payment solutions provider Mobile Credit Payment (MC Payment), as the group is now in discussions to extend the long stop date of its acquisition, which was originally due on Dec 31, 2018. To recap, Artivision first announced in Nov 2017 that the group intended to transform itself into an ...
KKR invests in Singapore energy-saving firm in first impact bet
SINGAPORE (Dec 13): KKR & Co. is buying a stake of as much as $45 million in Barghest Building Performance, a Singapore provider of energy saving solutions, in the private equity firm’s first impact investment globally. It’s investing as part of a Series B fundraising for BBP, which helps companies throughout Asia reduce electricity consumption. The company plans to use the funds to ...
Procurri acquires remaining 49% stake in Rockland JV for US$22 mil
SINGAPORE (Nov 19): Procurri Corporation is acquiring the remaining 49% stake it does not already own in US joint venture (JV) company, Rockland Congruity, for US$22 million ($30.2 million). The consideration is to be paid in two tranches, with US$12 million due upon completion of the purchase, and another US$10 million in Jan 2020. Procurri intends to fund the acquisition using internal ...
Keppel Infrastructure Trust emerges preferred bidder for Blackstone's Ixom: AFR
SINGAPORE (Oct 30): Keppel Infrastructure Trust (KIT) is reportedly named the official preferred bidder for IXOM, Blackstone’s Australian chemicals business formerly owned by multinational corporation Orica. According to the Australian Financial Review, a recent JPMorgan auction sealed the deal, which is expected to rack up some A$1 billion ($1 billion). Potential buyers at the auction ...
More could be in store for Mapletree Commercial Trust after a strong 2Q, say analysts
SINGAPORE (Oct 29): DBS Vickers Securities and Maybank Kim Eng are maintaining their respective “buy” and “hold” calls on Mapletree Commercial Trust (MCT) with target prices of $1.80 and $1.60, post the latest release of MCT’s results for 2Q19. In a report on Monday, DBS analyst Mervin Song says he sees the consensus target price of $1.66, which implies a price-to-book (P/.B) value ...
Continued overseas expansion to fuel a stronger 2H for MindChamps: RHB
SINGAPORE (Oct 17): RHB Research is maintaining its “buy” call on MindChamps Preschool with an unchanged target price of 94 cents based on a blended valuation methodology comprising a target EV/EBITDA of 18 times, in line with the peer average, and DCF. In a Tuesday report, analyst Juliana Cai reiterates her positive expectations of the company’s impending release of its 2H results, as ...
Datapulse announces diversification plans with intended acquisition of hotel in Seoul
SINGAPORE (Oct 4): Datapulse Technology is seeking to acquire a hotel located near the Myeongdong district in Seoul, Korea, as part of its plans to expand the company’s core business from optical disc manufacturing to include hotel and hospitality investments.   In an Oct 3 filing to the SGX, Datapulse announced having signed signed a letter of intent (LoI) for the acquisition with an ...
Thakral Corp acquires $66 mil worth of hotel & office properties in Osaka
SINGAPORE (Oct 1): Thakral Corporation says it has acquired a hotel and two office properties in Osaka, Japan, valued at JPY5.46 billion ($66 million) in total. The group’s move comes as part of its overall strategy to broaden its asset & earnings base in order to capitalise on Japan’s strong economic fundamentals and tourism boom, according to Thakral in a press release on ...
Analysts see myriad opportunities in CapitaLand's US portfolio acquisition
SINGAPORE (Sept 19): CGS-CIMB Securities and DBS Vickers Securities are maintaining their “add” and “buy” calls on CapitaLand with the respective target prices of $3.55 and $3.62. This follows news of the group’s foray into the US multifamily property segment with its recent billion-dollar acquisition, which both research houses are positive on. In a Wednesday report, CGS-CIMB ...