CGS-CIMB initiates coverage on SBS Transit with 'add' call

22 Sep 2020 - The Business Times
Singapore CGS-CIMB has initiated coverage on SBS Transit with an "add" call and a target price of S$3.40, saying it is "time to hop on" the stock. The market has not priced in the bus and train operator's recovery scenario and potential catalysts, analysts Ong Khang Chuen and... To continue reading SUBSCRIBE ...
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ST Engineering posts 4% profit dip to $257.4m in H1

17 Aug 2020 - Singapore Business Review
Impairment of intangible assets, receivables, and fair value changes dragged it down. ST Engineering saw its profit attributable to shareholders dip 4% YoY to $257.4m in H1 from $269.3m in H1 2019, an announcement revealed. Group revenue over the same period rose 2% YoY to $3.57b from $3.51b. The group’s ...
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Singapore strata retail sales value slashed by half in H1 amidst COVID-19 woes

14 Aug 2020 - Singapore Business Review
The total transacted value dropped to S$67.4m in H2 2020 from S$135m in H2 2019. According to Knight Frank, the strata retail market slowed down significantly in the first half of 2020, as the total transacted strata retail sales value as well as the number of transactions were approximately half of ...
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Daily Briefing: Start-up QIQ aims to roll out shared electric microcars; Incomlend raises $27.47m series A led by Sequoia

12 Aug 2020 - Singapore Business Review
And over 6,000 of SIA Group's staff have taken no-pay leave since March. From ChannelNewsAsia: Singapore firm QIQ Global plans to launch microcars for hire last-mile journeys between commuters’ home and the MRT station, according to an announcement. The concept is similar to the shared electric vehicles ...
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3 commercial shophouses in district 1 & 2 launched for sale

23 Jul 2020 - Singapore Business Review
The shophouses are located in the popular, hipster areas of Ann Siang and Keong Siak. Knight Frank Singapore has been appointed by a trust company to offer a portfolio of 3 conservation shophouses for sale via expression of interest (EOI), for $30.5m, according to a press release. The properties can ...
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Three adjoining freehold conservation shophouses up for sale for $12m

20 Jul 2020 - Singapore Business Review
It has a combined site of approximately 4,318 sqft. Three adjoining freehold two-storey conservation shophouses located at 223, 225 and 227 Geylang Road are up for sale collectively for $12m, according to CBRE, which has been appointed as the exclusive marketing agent. After factoring in an estimated ...
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Yongnam JV secures $320.4m contract to build Jurong Region Line

20 Jul 2020 - Singapore Business Review
The firm will construct Toh Guan, Jurong Town Hall and Pandan Reservoir stations. Yongnam Holdings’s 40%-owned joint venture (JV) with Daewoo Engineering & Construction (Daewoo E&C) has clinched a $320.4m design and build contract for Jurong Region Line from the Land Transport Authority (LTA), an SGX ...
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Daily Briefing: Wavemaker closes its third SEA fund at $154.25m; Redeveloped Marina Bay floating platform to house new elements

16 Jul 2020 - Singapore Business Review
And shorter operating hours for Thomson-East Coast Line stations in stage 2 opening. From e27: VC firm Wavemaker Partners has closed its third Southeast Asia (SEA) fund at $154.25m (US$111m), exceeding its initial target of $138.96m (US$100m), according to an announcement. The backers of the new fund ...
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Daily Briefing: Parcel locker network to be rolled out early 2021; Transcelestial closes $13.38m series A funding

6 Jul 2020 - Singapore Business Review
And OSLabs shares acquired by India’s Affle for $3.98m. From ChannelNews Asia: The deployment of 1,000 parcel locker stations across Singapore under the Nationwide Parcel Locker Network is expected to be completed by end 2021, which is one year ahead of schedule, according to the Infocomm Media Development ...
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Meet Southeast Asia's game changers at SBR's Asian Business Case Studies Awards

2 Jul 2020 - Singapore Business Review
Use cases saw a telco working on Singapore’s Night Festival as well as Thailand’s leading procurement specialist. This year’s awards did not fail to deliver a fresh new batch of solutions that should certainly be on every company’s wishlist as enterprises re-evaluate and forge partner ecosystems to grapple ...
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