Deon Loke
JOURNALIST
Valuation dips for financial service M&As in S-E Asia despite more deals and global surge in ‘megadeals’: EY
The fall in deal value signals a strategic move towards smaller acquisitions and minority investments
Mapletree Logistics Trust to acquire Mumbai warehouse for S$53.6 million
The move expands its reach in India beyond Pune and Delhi
HOT STOCK
Suntec Reit units close 4.3% higher after news of strategic review; units worth S$577 million traded
New sponsor Tang Organization is launching a review to boost portfolio performance and future distributions
BROKERS’ TAKE
DBS lifts China Aviation Oil target price to S$2.50 on arbitrage opportunities
Tightening availability and fragmenting regional markets may strengthen CAO’s commercial positioning
Over S$1 million in luxury watches seized during Iras raids for suspected GST fraud
The crackdown on alleged false refunds leads to the arrest of a 56-year-old female suspect