In The Edge Singapore

Is SATS overpaying for AirAsia partnership?
SINGAPORE (Nov 3): Airport services provider SATS has teamed up with budget carrier group AirAsia to offer ground services at the new Terminal 4 at Changi Airport. At the same time, SATS will take a minority stake in AirAsia’s ground handling operations in Malaysia. This gives SATS access to AirAsia’s ground handling operations at 15 airports in Malaysia, particularly key ones in Kuala ...
Rail Pain
(Oct 30): Desmond Kuek, CEO of SMRT Corp, worked hard last year to persuade shareholders of the company to accept an offer from Temasek Holdings to take the company private via a scheme of arrangement. SMRT’s business, he said, needed a restructuring that was best done away from the glare of the public market. “The privatisation allows an environment where this can be focused on much more ...
Has SMRT gone off the rails?
SINGAPORE (Oct 27): Desmond Kuek, CEO of SMRT Corp, worked hard last year to persuade shareholders of the company to accept an offer from Temasek Holdings to take the company private via a scheme of arrangement. SMRT’s business, he said, needed a restructuring that was best done away from the glare of the public market. Almost exactly one year on, a host of statistics suggest that ...
SUTL eyes global expansion of marina business
SINGAPORE (Oct 20): Arthur Tay, the CEO and executive director of marina developer and operator SUTL Enterprise, wants to have string of ONE°15 marinas lining major coastal cities of the world. “We want to create a necklace of pearls to connect the ONE°15 brand,” he says. Earlier this month, SUTL announced that it had secured its second management contract in China, this time for an ...
Here's where former IPO king Peter Choo thinks Singapore is headed
SINGAPORE (Oct 6): The future is getting harder to forecast in the face of digital disruption, but things are looking up. When the first issue of The Edge Singapore rolled off the printing presses in March 2002, Marina Bay Sands did not exist, there were no real estate investment trusts (REITs) and the Straits Times Index was about half its current level. To mark the publication of our ...
Are you ready for the next property boom?
SINGAPORE (Sept 29): It seems like only yesterday that property developers were complaining about punitive property cooling measures and struggling to get unsold units off their books. But according to some analysts, the local property market has actually been steadily recovering for more than a year. “In the eyes of agents and marketing consultants, prices in the high-end segment had ...
Why you need to add these currencies to your portfolio now
SINGAPORE (Sept 22): The US Federal Reserve announced on Sept 20 that it would start reducing the size of its US$4.5 trillion ($6.1 trillion) balance sheet next month. It also stuck with its forecast to raise the federal funds rate again this year, citing healthy growth. Following the announcement, Bloomberg’s US dollar index gained 0.5%. And a few market watchers are now betting on a ...
Singapore banks brace for another wave of bad loans from O&M
SINGAPORE (Aug 25): Singapore’s three biggest local banks – DBS Group Holdings, Oversea-Chinese Banking Corp, and United Overseas Bank – have been among the best-performing stocks in the Straits Times Index over the past year. Now, the prospect of higher provisions for non-performing loans (NPLs) could weigh heavily on these counters. During a results briefing on Aug 4, DBS CEO Piyush ...
UMS seeks to stay as solid yield play
SINGAPORE (May 5): UMS Holdings’ diversification into the water and chemical engineering solutions business is not likely to affect its dividend policy, says executive chairman and CEO Andy Luong. In the past five years, the company had consistently paid out between 75% and 114% of its earnings. Over that period, its dividend yield had not dipped below 5%, earning UMS a reputation as a solid ...
Keong Hong’s revenue fell in FY16, will its yields fall too?
SINGAPORE (Feb 3): For FY16, Keong Hong Holdings declared a final dividend of 3 cents per share, on top of its interim dividend of 0.5 cents. That was one cent lower than its total dividend payout in FY15 and represented a yield of 8.1%, based on Keong Hong’s closing price of 43 cents on Jan 31. The building contractor turned developer has been paying out dividends since its initial public ...