AXA Tower

Chip Eng Seng to acquire minority interest in 8 Shenton Way for $2.13 mil - THE EDGE SINGAPORE


Chip Eng Seng to acquire minority interest in 8 Shenton Way for $2.13 mil

The proposed acquisition is said to allow Chip Eng Seng to acquire a meaningful stake in a prime real estate site in the CBD

Broker's Calls

Tencent, ByteDance, Alibaba expansion here could bode well for HRnetGroup: CGS-CIMB

Despite the macro uncertainty, CGS-CIMB reckons HRnetGroup is well-positioned to benefit from job creation.

Broker's Calls

Perennial poised to thrive on divestment of AXA Tower despite bleak economic outlook: DBS

Analysts at DBS Group Research say the partnership marks a win not just for Perennial, but also Alibaba Singapore and the broader local office market.

Broker's Calls

BreadTalk's growth to be driven by margin expansion even with rising interest costs, says DBS

SINGAPORE (May 9): DBS Vickers Securities is maintaining its “buy” call on BreadTalk Group while lower its target price on the counter from $2.05 to $1.98 after factoring in higher interest costs from increased borrowings due to the group’s ongoing

Broker's Calls

Breadtalk kept at ‘buy’ on earnings growth, recovery of Foodcourt segment

SINGAPORE (Aug 3): DBS is maintaining its “buy” call on Breadtalk Group with a target price of $2.04 as it continues to deliver earnings growth, driven by the recovery of its Foodcourt segment.

Broker's Calls

Consortium including Perennial, BreadTalk could net gain of $398 mil in potential AXA Tower sale

SINGAPORE (Aug 1): DBS Group Research says the consortium including Perennial Real Estate Holdings, BreadTalk Group, and Wilmar CEO Kuok Khoon Hong could realise a net gain of at least $398 million in the potential en bloc sale of AXA Tower.

Perennial-led consortium mulls en bloc sale of AXA Tower for $1.65 bil

SINGAPORE (July 31): A consortium of investors led by Perennial Real Estate Holdings announced Monday it is considering the en bloc sale of AXA Tower at no less than $1.65 billion.

Broker's Calls

Sale of AXA Towers, CHIJMES would be icing on the cake for BreadTalk’s share price

SINGAPORE (June 9): DBS Vickers Securities is reiterating its “buy” recommendation on BreadTalk Group with a higher target price estimate of $1.92 on the belief that the group’s earnings will continue to turn around and deliver growth.


Perennial Real Estate reports lower 4Q and full-year earnings

SINGAPORE (Feb 8): Perennial Real Estate Holdings, the integrated real estate and healthcare company, reported 37.8% lower earnings of $25.6 million in 4Q16.

Broker's Calls

Think long when you think Perennial Real Estate

SINGAPORE (Nov 10): DBS is maintaining a “buy” call on Perennial Real Estate with a target price of $1.32, excited over the developer’s medium- to long-term plans in Singapore and China, the company’s biggest markets.