Australia

Singtel’s Optus acquires high-band 5G spectrum for A$226 mil - THE EDGE SINGAPORE

TELECOMMUNICATIONS

Singtel’s Optus acquires high-band 5G spectrum for A$226 mil

Singapore Telecommunications' subsidiary Optus has successfully acquired licenses for a spectrum band that will support its 5G network for A$226.2 million ($232.33 million).

With assets Down Under in demand, MLT plans up  to $1 billion in acquisitions despite missing out - THE EDGE SINGAPORE

REITs

With assets Down Under in demand, MLT plans up to $1 billion in acquisitions despite missing out

Logistics assets in Australia continue to be in demand.

'Buy' Parkway Life REIT to ride upside on once-in-15 years opportunity: DBS - THE EDGE SINGAPORE

Broker's Calls

'Buy' Parkway Life REIT to ride upside on once-in-15 years opportunity: DBS

DBS Group Research analysts Rachel Tan and Derek Tan believe that the potential upcoming renewal of Parkway Life REIT’s (PLife REIT) Singapore hospitals master lease gives investors a rar

Frasers Property obtains A$300 mil sustainability-linked loan in Australia - THE EDGE SINGAPORE

Sustainability

Frasers Property obtains A$300 mil sustainability-linked loan in Australia

Frasers Property’s subsidiaries Frasers Property AHL (FPAHL) and Frasers Property Industrial Australia (FPIA) have jointly secured an A$300 million syndicated sustainability linked loan (

ST Engineering enters Australian rail market with Queensland contract win - THE EDGE SINGAPORE

Contracts

ST Engineering enters Australian rail market with Queensland contract win

Singapore Technologies Engineering (ST Engineering) 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.

UOB Kay Hian upgrades CSE Global to 'buy' on rising oil prices, attractive yield - THE EDGE SINGAPORE

Broker's Calls

UOB Kay Hian upgrades CSE Global to 'buy' on rising oil prices, attractive yield

Rising oil prices and attractive dividend yield underpin UOB Kay Hian Research’s positive view for CSE Global, with analyst John Cheong upgrading the counter to ‘buy’ with a higher target

Covid-19

New Zealand and Australia to open quarantine-free travel corridor on April 19

New Zealand has agreed to open a quarantine-free travel corridor with Australia in a major boost for its ailing tourism industry.

OCBC raises Shangri-La Asia fair value to HK$9.74 on anticipated recovery - THE EDGE SINGAPORE

Broker's Calls

OCBC raises Shangri-La Asia fair value to HK$9.74 on anticipated recovery

 

Hotel operator Shangri-La Asia’s FY20 results came in below expectations of OCBC’s analyst Chu Peng, due to higher operating expenses and a weak operating environment.

Stamford Land mulls divestment of hospitality properties to go asset light - THE EDGE SINGAPORE

Property

Stamford Land mulls divestment of hospitality properties to go asset light

Stamford Land Corporation plans to adopt an asset light strategy by divesting part of its hotel portfolio, while keeping the hotel management business.

KGI upgrades CSE Global to 'outperform' on infrastructure prospects and recovery in O&G - THE EDGE SINGAPORE

Broker's Calls

KGI upgrades CSE Global to 'outperform' on infrastructure prospects and recovery in O&G

KGI Securities analyst Joel Ng has upgraded CSE Global from ‘neutral’ to ‘outperform’ with a higher target price of 61 cents from 52 cents previously. 

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