Returns of top 20 stocks dropped 3.8% YTD

12 Mar 2020 - Singapore Business Review
Stocks were hit by the 30% fall in crude oil price. The average total returns of the local bourse’s 20 most traded stocks is at -3.8% in 2020 YTD, according to an SGX report. This came after the 30% plunge in oil price, which resulted in the 4.3% fall of the Straits Times Index (STI). Yangzijiang Shipbuilding ...
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FLT, FCOT unitholders vote overwhelmingly in favour of merger to create $5.7 bil behemoth

11 Mar 2020 - The Edge Markets
SINGAPORE (Mar 11): The unitholders of both Frasers Logistics Trust (FLT) and Frasers Commercial Trust (FCOT) have approved the proposed merger of the two entities for a price tag of $1.54 billion. The total consideration for the proposed merger comprises $138.1 million in cash and some 1,128.1 million ...
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Stocks to watch: Keppel DC Reit, BHG Retail Reit, Nam Cheong, Chasen, Dyna-Mac

11 Mar 2020 - The Business Times
THE following companies saw new developments that may affect trading of their securities on Wednesday: Keppel DC Reit: KGI Securities has reduced its call on Keppel DC Reit to "neutral", but raised its target price on the counter to S$2.19. "While the data centre industry remains an attractive investment ...
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FCOT to waive brokerage fees for odd lots

26 Feb 2020 - Singapore Business Review
The odd lots are part of the trust scheme in its proposed merger with FLT. Frasers Commercial Trust (FCOT), through its manager Frasers Commercial Asset Management, has announced that it will set a brokerage fee arrangement for the trading of odd lots in the trust scheme in its proposed merger with Frasers ...
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Financial advisors greenlight FLT and FCOT merger

14 Feb 2020 - Singapore Business Review
FLT’s advisors found the merger to be on normal commercial terms. The independent financial advisors (IFA) of Frasers Commercial Trust (FCOT) and Frasers Logistics & Industrial Trust (FLT) have recommended FLT’s unitholders to vote in favour of the two REITs’ merger, according to SGX filings. Based on ...
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Stocks to watch: ThaiBev, Frasers Property, Sembcorp, SPH, FLT, F&N, CRCT

7 Feb 2020 - The Business Times
THE following companies saw new developments that may affect trading of their securities on Friday: Thai Beverage Public Company (ThaiBev): Liquor producer Red Bull Distillery (1988) Co and two other subsidiaries of ThaiBev have together acquired Sub Permpoon 8 Co - which operates property rental and ...
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More REIT mergers lie ahead as growth prospects dry up

6 Dec 2019 - Singapore Business Review
Frasers is one of the recent casualties after the merger of its logistics and commercial trusts. The consolidation amongst real estate investment trusts (REITs), especially between firms with the same sponsor, are expected to continue given a limited potential for organic growth and the benefits in having ...
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S-Reits face limited risk of big price correction: Credit Suisse

2 Dec 2019 - The Business Times
THE risk that Singapore real estate investment trusts (S-Reits) face significant price corrections in the coming year are limited as long as global borrowing rates stay low, Credit Suisse said at an investment outlook for 2020 on Monday. Strategists at the Swiss wealth manager noted unit prices for S-Reits ...
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Stocks to watch: FLT, FCOT, China Everbright, IHH Healthcare, Keppel Reit, Uni-Asia, Casa

2 Dec 2019 - The Business Times
THE following companies saw new developments that may affect trading of their shares on Monday: Frasers Logistics & Industrial Trust (FLT) and Frasers Commercial Trust (FCOT): A S$1.54 billion merger between between (FLT) and FCOT has been proposed by the managers of both real estate investment trusts ...
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FLT and FCOT propose merger for $1.54b

2 Dec 2019 - Singapore Business Review
They also plan to fully acquire Farnborough Business Park in the UK. Frasers Logistics & Industrial Trust (FLT) and Frasers Commercial Trust (FCOT) have proposed to merge into an enlarged REIT for a total consideration of $1.54b, the companies announced in an SGX filing. This comprises of $138.1m in ...
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