valuation

Ascott Raffles Place divestment in line with market & legal practices, maintains REIT manager
SINGAPORE (Jan 22): The manager of Ascott Residence Trust (Ascott REIT) has filed a clarification letter to the Singapore Exchange (SGX) in response to a letter published in the forum of The Straits Times on Monday, which questioned the gap between the valuation and buyout amount of Ascott Raffles Place. To recap, Ascott Raffles Place is being sold to a private investor at a consideration of ...
Will Serial System's HK spinoff give it the valuation it seeks?
SINGAPORE (June 22): Electronic parts distributor Serial System is set to spin off its Hong Kong subsidiary, Serial Microelectronics (HK), in a listing on the Stock Exchange of Hong Kong.  The listing, which was approved at an extraordinary general meeting on April 6, will cut Serial System’s stake from 91% to 68.25%.  Serial System estimates that the subsidiary, which ...
China Sunsine — Price up 20.8% since we bought two weeks ago and we bought more
SINGAPORE (Feb 5): China Sunsine Chemical Holdings has been one of our portfolio’s top-performing stocks, gaining 20.8% since we bought it just two weeks ago, thanks in part to a growing number of brokers who have since started covering the company. This vindicates our top-down, bottom-up approach to finding undervalued stocks. The stock first appeared on our radar when we performed our ...
Xiaomi seeks valuation of at least US$50 bil in IPO
HONG KONG (Dec 5): Xiaomi Corp., the Chinese smartphone maker that was once the most valuable startup in the world, is in talks with investment banks about a possible initial public offering and seeking a valuation of at least US$50 billion ($67.4 billion), according to people familiar with the matter. The Beijing-based company is considering an offering as soon as next year with banks ...
Sabana REIT dismisses relevance of unitholder’s claim, will convene EGM ‘as soon as practicable’
SINGAPORE (Feb 20): The manager of Sabana Shari’ah Compliant Industrial REIT (Sabana REIT) is disputing the claims of Jerry Low Chin Yee, a unitholder who, among other accusations, is challenging the objectivity and independence of valuation reports conducted on behalf of the manager.    To recap, Low on Tuesday was reported to lodge a complaint against the property valuation ...
Starhill Global’s FY17 distributions to be impacted negatively
SINGAPORE (Feb 2): CIMB Research is reiterating its “hold” call on Starhill Global REIT while lowering its target price to 72 cents from 76 cents after the release of the REIT’s 2Q17 results, on expectations of ongoing redevelopment at Plaza Arcade in Perth as well as tenant transition at Renhe Spring Zongbei (RSZ) in China to affect FY17 distributions negatively. In a Wednesday report, ...
Google steals Apple’s No. 1 spot as world’s most valuable brand
SINGAPORE (Feb 2): Apple Inc. is no longer the most valuable brand in the world, according to the latest edition of the Brand Finance Global 500 report. Based on the valuation and strategy consultancy’s annual study on the world’s biggest brand names, Apple’s value has declined 27% from US$149 billion ($210.4 million) to US$107.1 billion over the past year – ending a consecutive ...
10 stock picks to guide you through a lacklustre 1H17
SINGAPORE (Nov 28): With the Singapore market being dragged down this year by events such as Brexit and the US presidential elections, OCBC Investment Research expects the lacklustre sentiment to continue at least into 1H17 as corporate earnings and economic outlook remain subdued. A full-blown recession is unlikely for Singapore’s economy, says OCBC analyst Carmen Lee in a Monday report. ...
Swiber subsidiary to sell vessel for US$10.25 mil to repay DBS
SINGAPORE (Nov 22): Swiber Atlantis, a wholly-owned subsidiary of Swiber Holdings, has signed a memorandum of agreement (MOA) for the sale of its vessel known as Sea Horizon to WAG SPV I, LLC for US$10.25 million ($14.6 million). Completion of the sale is scheduled to take place on Nov 22, in cash. The proceeds will be used to pay what Swiber owes under DBS Facilities as the vessel is ...
Six predictors of a potential M&A target
SINGAPORE (Sept 23): Predicting an M&A often rely on inside knowledge or leaks from within, however, factors such as leverage, size of company as well as profitability has been identified as significant in predicting an M&A, according to an Intralinks study. The enterprise content management provider analysed a global dataset of public and private companies with the minimum annual ...