Hangzhou

How EC World REIT presents attractive opportunities beyond its high yield
SINGAPORE (Oct 24): RHB Research likes EC World REIT for its strategic market positioning and favourable logistics outlook, post a recent visit to the REIT’s assets in Hangzhou that mainly cater to the e-commerce, logistics and supply-chain segments. In an unrated report on Wednesday, analyst Vijay Natarajan highlights that the majority (80%) of EC World REIT’s tenants operate to service ...
Sapphire Corp secures $87.2 mil engineering & construction contract in Hangzhou
SINGAPORE (Sept 17): Sapphire Corporation has secured a contract valued at RMB 436 million ($87.2 million) for the engineering and construction of core infrastructure structures for an urban subway system in Hangzhou, China. The project involves the construction of a subway station and two intervals, including underground passenger pathways access in an urban environment. As the highlight ...
Yanlord acquires prime residential development site in Hangzhou for $600.5 mil
SINGAPORE (July 9): Yanlord Land Group announced that its wholly-owned subsidiary, Hangzhou Renyuan Property Development, has acquired a prime residential development site in Hangzhou, China for about RMB 2.94 billion ($600.5 million). The site has a gross floor area (GFA) of 154,500 sqm and was acquired through a public land auction. Located within the Zhijiang Resort Centre of Xihu ...
EC World REIT started at 'buy' as prime beneficiary of Hangzhou logistics boom
SINGAPORE (Apr 16): Soochow CSSD Capital Markets is starting coverage of EC World REIT at “buy” with a price target of 88 cents on the belief that the trust is well-positioned to benefit from China’s growing e-commerce market, to which its currently has about a 29% exposure. In an initiation report on Monday, analyst Tan Cheng Wee highlights the trust as a prime beneficiary of ...
CWG International buys Hangzhou land for $234 mil
SINGAPORE (Jan 15): CWG International continues to build up its land bank in China. Indirect subsidiary, Suzhou Chiway Jingcheng Real Estate Co., has put in the winning bid in an auction for the land use rights of a land parcel located in Yuhang District, Hangzhou city, Zhejiang province, China, The land parcel will be used for residential and commercial purposes, and comprises a site area ...
Alibaba prepares a grand retail experiment for Singles' Day
HONG KONG (Nov 9): Jack Ma beat Jeff Bezos into grocery stores. Now China’s richest man is again showing his rival the way by targeting 6 million mom-and-pop shops, the biggest test yet of a vision to reinvent physical retail. Ma’s Alibaba Group Holding Ltd. is prepping for Singles’ Day -- an annual Nov. 11 online shopping fiesta dwarfing Black Friday and Cyber ...
Best World posts 36.4% growth in 3Q earnings to $12.2 mil on lower expenses
SINGAPORE (Nov 8): Direct-seller Best World International has announced a 36.4% rise in earnings of $12.2 million for the three months ended Sept, up from $8.9 million a year ago on lower expenses. Revenue for 3Q17 came in 10.3% lower at $46.8 million compared to $52.2 million in the previous year, due to lower contribution from Taiwan and on the back of sustained export growth to ...
Alibaba to open research labs in Singapore and other countries with launch of DAMO Academy
SINGAPORE (Oct 11): Chinese e-commerce giant Alibaba Group Holding will be opening a research lab in Singapore as part of its newly-launched global technology research program, Alibaba DAMO Academy. The group expects to invest over US$15 billion ($20.4 billion) in research and development over the next three years through this new initiative. In a press release on Wednesday, Alibaba ...
New China developments to boost CapitaLand’s earnings this year, and beyond
SINGAPORE (July 5): Maybank Kim Eng Research is maintaining its “hold” call on property developer CapitaLand at an unchanged target price of $3.75, while noting that valuations appear fair following its strong rally in the year to date. This follows the research team’s recent visit to three newly-completed integrated developments, two shopping malls, and one office building owned by ...
Growth opportunities abound for Best World beyond China
SINGAPORE (May 22): DBS Vickers Securities continues to rate Best World International at “buy” with an adjusted target price of $1.65 after hosting the developer, manufacturer and distributor of skincare and wellness products’ non-deal roadshow (NDR) in Hong Kong over May 18-19 last week. In a Monday report, analyst Ling Lee Keng recalls that most funds at the roadshow were new to Best ...