new launch

Despite shelved IPO, WeWork still expanding in Singapore

SINGAPORE (Oct 10): WeWork, the provider of co-working spaces, on Thursday launched its new space at 9 Battery Road, in the heart of Singapore’s central business district (CBD).

WeWork 9 Battery Road occupies the prime commercial MYP Centre building and is the first location in Singapore to feature a mini-golf playzone.

The new launch comes despite a series of unfortunate events experienced by WeWork.

Small is beautiful for Roxy-Pacific

SINGAPORE (May 15): OCBC Investment Research is reiterating its “buy” rating on Roxy-Pacific with a fair value estimate of 60 cents.

This came on the back of the group announcing that its 1Q18 earnings have increased 19% to $7.0 million, compared to $5.91 million in 1Q17.

Revenue came in at $46.4 million, 29% lower than $65.4 million a year ago, mainly due to lower contribution from the Property Development and Property Investment segments, partially offset by higher revenue from Hotel Ownership segment.

Be informed of the stories that matter