Singapore
GXS’ acquisition of Validus’ Singapore business a sign of market validation
[SINGAPORE] The recent acquisition of small and medium enterprise (SME) lender Validus’ Singapore business is a sign of market consolidation and validation in South-east Asia.
To recap, GXS Bank acquired...
Singapore shares climb on Friday; STI gains 0.2%
Singtel is one of the most traded counters after announcing it had sold part of its stake in Bharti Airtel[SINGAPORE] Local stocks rose on Friday (May 16), a day...
More attractive land prices for Singapore tenders ahead, says Citi, giving its top developer pick
[SINGAPORE] More attractive land prices could be on the horizon for eight upcoming government tenders from May to September this year, in support of developers’ land replenishment exercises, said...
Genting Singapore shares are undervalued despite drop in earnings, Morningstar says
[SINGAPORE] Genting Singapore’s shares are undervalued despite its recent weak earnings, says Morningstar. Morningstar’s senior equity analyst, Jennifer Song, has a fair value estimate of S$0.96 for Genting Singapore...
Genting Singapore shares are undervalued despite drop in earnings, Morningstar says
[SINGAPORE] Genting Singapore’s shares are undervalued despite its recent weak earnings, but the new attractions being lined up could drive earnings growth, analysts said. Morningstar’s senior equity analyst, Jennifer...
Mapletree Industrial Trust divests three Singapore industrial assets for S$535.3 million
[SINGAPORE] Mapletree Industrial Trust (MIT) divested three of its Singapore industrial properties to Brookfield Asset Management for S$535.3 million, the real estate investment trust’s (Reit) manager announced on Friday...