Debt and defaults

What are the lessons from the Hyflux haircut?

(Dec 20): In the 1970s, long-haired visitors to Singapore were required to cut their hair on arrival as unkempt locks were linked to hippie culture.

Broker's Calls

CacheLog kept at 'buy' by RHB as bumper 2Q19 awaits

SINGAPORE (June 17): RHB Research is maintaining Cache Logistics Trust at “buy” with a higher target price of $0.83, representing 8% upside with 8% yield.

HNA unit's lenders seize assets as payment deadline missed

(Apr 23): Lenders to HNA Group Co.’s CWT International seized control of assets in Singapore, China and the US after the unit failed to repay amounts due on its credit facility.

Broker's Calls

MapletreeLog and Cache kept on 'hold' by OCBC in wake of CWT International default

SINGAPORE (Apr 18): OCBC is downgrading Mapletree Logistics Trust to ‘hold’ given there could be uncertainties over its longer-term outlook in the wake of the news that CWT International had defaul


AA REIT, CacheLog and MapletreeLog say no default on rents so far by tenant CWT

SINGAPORE (Apr 17): The managers of AIMS APAC REIT (AA REIT), Cache Logistics Trust (Cache) and Mapletree Logistics (MLT) announced separately on Tuesday night that CWT has so far not defaulted on

Broker's Calls

MapletreeLog consolidates its stronghold in Singapore

SINGAPORE (Oct 9): OCBC Investment Research continues to rate Mapletree Logistics Trust (MLT) a “buy” with a target price of $1.37.

HNA explores sale of newly acquired CWT logistics unit

HONG KONG (Sept 19): China's HNA Group is in talks with banks to find a buyer for its CWT logistics unit, nine months after it acquired the Singaporean business in a US$1 billion  ($1.4 billion) de


Singapore made up 73.5% of 2017 M&A transport deal activity in Southeast Asia

SINGAPORE (Jan 31): The Southeast Asian transportation sector saw its hottest-ever year in 2017, with deal value up by more than sevenfold at US$25.2 billion ($33 mil) across 25 deals when compared


GLP & Grab among highest contributors to Southeast Asia M&A deals in 3Q

SINGAPORE (Oct 24): Q3 was a quarter of top deals for Southeast Asia, spiking 81.8% on-year to US$26.7 billion ($36.3 billion) across 97 deals, according to Mergermarket’s latest Southeast Asia

Stocks To Watch

Stocks to watch: Singapore’s manufacturing growth, Roxy-Pacific, YuuZoo, Frasers Centrepoint, CWT

SINGAPORE (Oct 3): Here are some stocks that could move the market this Tuesday morning: