Research from SooChow CSSD Capital Markets (Asia), SCCM Asia Research

SCCM Asia Research

Research from SooChow CSSD Capital Markets (Asia)

Headquartered in Singapore, SooChow CSSD Capital Markets (Asia) is an investment bank focusing on emerging growth companies across Asia, providing a full suite of investment banking services, including corporate finance, mergers and acquisitions advisory, equity capital markets, institutional equities sales and trading and equities research.

SooChow CSSD Capital Markets (Asia)

Thematic (Sector/Industry)

<ul><li><a href="https://www.smartkarma.com/entities/guocoland-ltd" target="_blank" data-smartkarma-citation="entities:17467" rel="noopener">GuocoLand (GUOL SP)</a> previews Lentor Modern on 2Sep22 with starting price at S$1,880psf</li><li>Two 99-year leasehold residential sites in Bukit Timah Link and Hillview Rise released on market; Expect healthy interests from developers</li><li>Price gap between new suburban condos and million-dollar HDB flats widens to 53.6% vs 1.3% in 2019</li></ul>

GuocoLand (GUOL SP) previews Lentor Modern on 2Sep22 with starting price at S$1,880psfTwo 99-year leasehold residential sites in Bukit Timah Link and Hillview Rise released on market; Expect healthy interests from developersPrice gap between new suburban condos and million-dollar HDB flats widens to 53.6% vs 1.3% in 2019

ASEAN Builder's Scoop (1Sep22) - GUOL Previews Lentor Modern at S$1,880psf

<ul><li><a href="https://www.smartkarma.com/entities/wing-tai-holdings-ltd" target="_blank" data-smartkarma-citation="entities:19015" rel="noopener">Wing Tai Holdings (WINGT SP)</a> FY22 net profit rose 222% YoY; Declared S$6c total dividends</li><li><a href="https://www.smartkarma.com/entities/frasers-property-ltd" target="_blank" data-smartkarma-citation="entities:1670" rel="noopener">Frasers Property Ltd (FPL SP)</a> to launch Sky Eden@Bedok with indicative pricing from S$1,937psf</li><li>Prime freehold resale homes on market at cheaper or equal to new OCR leasehold prices</li></ul>

Wing Tai Holdings (WINGT SP) FY22 net profit rose 222% YoY; Declared S$6c total dividendsFrasers Property Ltd (FPL SP) to launch Sky Eden@Bedok with indicative pricing from S$1,937psfPrime freehold resale homes on market at cheaper or equal to new OCR leasehold prices

ASEAN Builder's Scoop (26Aug22) - WINGT FY22 Earnings Rose 222%, Declared S$6c Total Divvy

<ul><li><a href="https://www.smartkarma.com/entities/wing-tai-holdings-ltd" target="_blank" data-smartkarma-citation="entities:19015" rel="noopener">Wing Tai Holdings (WINGT SP)</a> wins tender for Lakeside apartments collective sale</li><li>SingLand gets URA provisional nod to redevelop Clifford Centre</li><li>More Singapore property developers expect prices of new launches to go up</li></ul>

Wing Tai Holdings (WINGT SP) wins tender for Lakeside apartments collective saleSingLand gets URA provisional nod to redevelop Clifford CentreMore Singapore property developers expect prices of new launches to go up

ASEAN Builder's Scoop (26May22) - WINGT Won Tender for Lakeside Apartments

<ul><li>CapitaLand Development invests in 2 prime residential sites in Wuhan and Chengdu for CNY3.5bn</li><li><a href="https://www.smartkarma.com/entities/chip-eng-seng-corp-ltd" target="_blank" data-smartkarma-citation="entities:6441" rel="noopener">Chip Eng Seng Corp (CHIP SP)</a> plans to acquire minority interest in property at 8 Shenton Way</li><li><a href="https://www.smartkarma.com/entities/ara-logos-logistics-trust" target="_blank" data-smartkarma-citation="entities:937" rel="noopener">ARA LOGOS (ALLT SP)</a> to receive writ of summons amounting to S$8m</li></ul>

CapitaLand Development invests in 2 prime residential sites in Wuhan and Chengdu for CNY3.5bnChip Eng Seng Corp (CHIP SP) plans to acquire minority interest in property at 8 Shenton WayARA LOGOS (ALLT SP) to receive writ of summons amounting to S$8m

ASEAN Builder's Scoop (5Apr22) - Capitaland Development Invests CNY3.5bn in CHN

<ul>
<li>KKR acquires Twenty Anson from AEW for ~ S$600m (S$2,900psf)</li>
<li>Indian travelers return leads to ~18% MoM rise in visitor arrivals; Feb22 RevPAR rose 18% MoM  </li>
<li>Asia Pacific hotel investments recovers 46%, hitting US$12.1bn in FY21</li>
</ul>


KKR acquires Twenty Anson from AEW for ~ S$600m (S$2,900psf)
Indian travelers return leads to ~18% MoM rise in visitor arrivals; Feb22 RevPAR rose 18% MoM  
Asia Pacific hotel investments recovers 46%, hitting US$12.1bn in FY21


ASEAN Builder's Scoop (1Apr22) - KKR Buys Twenty Anson for ~S$2,900psf

Singapore

Wing Tai Holdings Limited is an investment holding company whose subsidiaries invest in and develop properties, manufacture woven labels, and trade garments and architectural products and accessories.  The Company also provides management services and operates restaurants.

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Wing Tai Holdings (WINGT SP)

ASEAN Builder's Scoop (1Sep22) - GUOL Previews Lentor Modern at S$1,880psf

Two GLS sites on market, expect healthy interest; New suburbs condo-S$1+m HDB price widens to ~54%; DILD 1H22 net loss widens; No recovery in Phils...

SCCM Asia Research

ASEAN Builder's Scoop (26Aug22) - WINGT FY22 Earnings Rose 222%, Declared S$6c Total Divvy

FPL launching Sky Eden@Bedok from S$1,937psf onwards; Prime freehold resale/new OCR leasehold prices narrow; ASRI 1H22 earnings returns to black

SCCM Asia Research

ASEAN Builder's Scoop (26May22) - WINGT Won Tender for Lakeside Apartments

URA approved the redevelopment of Clifford Centre; SG developers expect higher prices for new launches; MPL develops land in Johor; BSP hints a...

SCCM Asia Research

ASEAN Builder's Scoop (5Apr22) - Capitaland Development Invests CNY3.5bn in CHN

CHIP to acquire a min stake in 8 Shenton Way; ALLT receives S$8m writ of summons; WINGT divests Penang property for MYR17.5m; MSGB to launch...

SCCM Asia Research

ASEAN Builder's Scoop (1Apr22) - KKR Buys Twenty Anson for ~S$2,900psf

Feb22 arrivals and RevPAR rose 18% MoM; Resort destinations to recover faster vs urban; DMW FY21 core income rose 44% YoY

SCCM Asia Research

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