Special Situations, Content Strategist, Smartkarma

Crispin Francis

Special Situations, Content Strategist

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

Equity Bottom-Up

Bukit Sembawang Estates / Equity Bottom-Up

<p>SGX-listed real estate companies seem to be in exodus mode. In 1Q 2017, we have already seen <a href="https://www.smartkarma.com/entities/14581" target="_blank" data-smartkarma-citation="entities:14581:1">Global Premium Hotels Ltd (GPHL SP)</a> and <a href="https://www.smartkarma.com/entities/562" target="_blank" data-smartkarma-citation="entities:562:1">International Healthway Corporation Ltd (IHC SP)</a> receive takeover offers. Furthermore, <a href="https://www.smartkarma.com/entities/2894" target="_blank" data-smartkarma-citation="entities:2894:1">Global Logistic Properties Ltd (GLP SP)</a>, <a href="https://www.smartkarma.com/entities/15566" target="_blank" data-smartkarma-citation="entities:15566:1">United Engineers Ltd (UEM SP)</a> and <a href="https://www.smartkarma.com/entities/618" target="_blank" data-smartkarma-citation="entities:618:1">CWT Ltd (CWT SP)</a> are potential candidates to leave the SGX by the end of 2017. </p><p>Most recently, <a href="https://www.smartkarma.com/entities/17987" target="_blank" data-smartkarma-citation="entities:17987:1">Bukit Sembawang Estates Ltd (BS SP)</a> has been highlighted as a suitable takeover target. In this insight, we take a look at Bukit Sembawang's assets and examine what a strategic player might pay for the company's land bank.</p>

SGX-listed real estate companies seem to be in exodus mode. In 1Q 2017, we have already seen Global Premium Hotels Ltd (GPHL SP) and International Healthway Corporation Ltd (IHC SP) receive takeover offers. Furthermore, Global Logistic Properties Ltd (GLP SP), United Engineers Ltd (UEM SP) and CWT Ltd (CWT SP) are potential candidates to leave the SGX by the end of 2017. Most recently, Bukit Sembawang Estates Ltd (BS SP) has been highlighted as a suitable takeover target. In this insight, we take a look at Bukit Sembawang's assets and examine what a strategic player might pay for the company's land bank.

Bukit Sembawang - Sitting on Valuable Land; How Much Could It Be Worth?