United Engineers – Looking Beyond the Weak Earnings; Still a Potential Takeover Target
United Engineers (“UEL”) reported its 3Q18 financial results this evening. The weak set of results did not come as a surprise. The thesis...
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SPH REIT: Downgrade to Hold on Valuation Grounds. Re-Enter for Its Resilient Portfolio at $0.96/Unit
Distribution per unit (DPU) for FY18 showed resilience as it remained largely unchanged from the previous year at 5.54 cents (+0.2% y-o-y). Net...
371 Views
Singapore Property – Latest EC Tender Validates Upward Trend in Pricing and Developers’ Optimism
Housing & Development Board closed the tender for an Executive Condominium site at Anchorvale Crescent in SengKang (District 19). A total of 7...
484 Views
Singapore Property Weekly Recap (8th Sep to 14th Sep) – Billion Dollar Enbloc; Office Transactions
Top Singapore property news this week that you need to know:1) OUE Ltd (OUE SP) announced the sale of the office component of OUE Downtown to its...
467 Views
Singapore Property – Fewer Bids at GLS Provide Opportunity for Some Developers to Replenish Landbank
The Urban Redevelopment Authority and Housing Development Board closed tenders for the three sites at Dairy Farm Road, Jalan Jurong Kechil and...
474 Views