Posts by Mark Darwin
As M&A volumes pick up steam, more companies eager to take on debt and risk
A NEW wave of multibillion-dollar merger and acquisition (M&A) deals suggests that corporations are once again comfortable with taking on debt and, more significantly for investors, taking on risk as well. Research and accounting firm EY recently estimated that US corporate M&A volumes will rise 20 per cent this year, from 2023 levels. This also means…
Read MoreUS dollar gains slightly on safe-haven bids after Biden ends re-election campaign
THE greenback was slightly higher on Monday (Jul 22), capturing some safe-haven flows, as investors digested US President Joe Biden’s decision to end his re-election campaign, which is expected to intensify volatility in the currency market. Investors also looked to next week’s crucial monetary policy meetings at the Federal Reserve, which could signal when the…
Read MoreRyanair quarterly profit plummets as customers baulk at higher fares
The airline is struggling to sell its higher-priced tickets after removing lower-priced fares for last-minute orders LOW-COST carrier Ryanair’s profits slumped by almost half in the three months to the end of June, after ticket prices plunged 15 per cent from the same period last year as consumers baulked at paying inflated prices for last-minute…
Read MoreFitch rates Astrea 8 Class A-1 bonds ‘A+sf’, Class A-2 ‘Asf’
About US$573 million from the amount raised has been used to partially repay existing loans FITCH Ratings has assigned final ratings of “A+sf” and “Asf” to Astrea 8 Class A-1 and Class A-2 private equity (PE) bonds, respectively. The ratings were announced on Monday (Jul 22) by Azalea Investment Management, which launched the latest batch…
Read MoreLVMH’s L Catterton buys outlet malls stake in £1.5 billion deal
L CATTERTON, the private equity firm backed by French luxury fashion house LVMH Moet Hennessy Louis Vuitton, has agreed to buy Hammerson Plc’s stake in outlet mall landlord Value Retail in a deal representing an enterprise value of £1.5 billion (S$2.6 billion). The transaction includes interests in nine luxury retail properties outside major European cities,…
Read MoreBrokers’ take: RHB raises ST Engineering target on upbeat dividend, profit growth
This comes after the group increases its commercial aerospace capabilities with new contracts RHB Research has lifted its target price on ST Engineering by 11.1 per cent to S$5 from S$4.50. On Monday (Jul 22), analyst Shekhar Jaiswal maintained his “buy” call on the counter as he believes that the group’s profit is able to…
Read MoreCapitaLand India Trust completes 6.8 billion rupees acquisition of Navi Mumbai office building
CAPITALAND India Trust (Clint) has completed the acquisition of an office building located in Navi Mumbai, India for 6.8 billion rupees (S$110 million). This increases Clint’s total completed floor area by about 4 per cent to about 21.8 million square feet (sq ft), the manager said on Monday (Jul 22). The acquired information technology non-special…
Read MoreCapitaLand India Trust completes 6.8-billion-rupee acquisition of Navi Mumbai office building
CAPITALAND India Trust (Clint) has completed the acquisition of an office building located in Navi Mumbai, India for 6.8 billion rupees (S$110 million). This increases Clint’s total completed floor area by about 4 per cent to about 21.8 million square feet (sq ft), the manager said on Monday (Jul 22). The acquired information technology non-special-economic-zone…
Read MoreStocks to watch: Clint, Bukit Sembawang, OUE, Keppel Pacific Oak US Reit
THE following companies saw new developments that may affect trading of their securities on Monday (Jul 22): CapitaLand India Trust (Clint): The trust on Monday said it has completed its acquisition of an office building in Navi Mumbai, India, for about 6.8 billion rupees (S$110 million). The acquisition brings Clint’s entire portfolio to about 21.8…
Read MoreSmaller boutique managers winning private capital with localised knowledge
They also offer advantages such as greater flexibility and good exposure to particular sectors BETTER value, local networks and specialised knowledge. These are some of the reasons smaller private markets might outperform even as the industry favours larger managers. “It’s not really about the size of the manager; it’s about the skills of the manager,”…
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