Brokers' take: Analysts like ComfortDelGro, cite green shoots in Singapore

TRANSPORT behemoth ComfortDelGro (CDG) is a "buy", given that it is seeing recovery in Singapore and other key markets as the Covid-19 situation remains under control, market observers say.

Sasseur Reit Q3 DPU rises 7.6% to 1.764 S cents

SASSEUR Real Estate Investment Trust (Sasseur Reit), which owns outlet malls in China, posted a 7.6 per cent rise in its distribution per unit (DPU) to 1.764 Singapore cents for the third quarter ended Sept 30, 2020, from 1.64 cents a year ago.

Singapore shares dip tracking Wall Street retreat; STI down 0.6% at open

SINGAPORE stocks began trading in negative territory on Friday, tracking Wall Street losses overnight as worries over a rise in Covid-19 cases in the US took the shine off optimism over a potential vaccine.

Stocks to watch: SIA, SATS, ComfortDelGro, Golden Agri, OUE C-Reit, Metro, UMS

THE following companies saw new developments that may affect trading of their shares on Friday:

SingPost prices S$250m fixed-rate notes due 2030 at 2.53%

SINGPOST Group Treasury will issue S$250 million in 10-year fixed-rate notes guaranteed by postal service provider Singapore Post (SingPost).

Suburban malls doing better than those in central region; FCT among top picks: OCBC

SUBURBAN malls are outperforming those located elsewhere even as online shopping gains in popularity, OCBC says.

Expedia Singapore website operator stops false claims on promotions

BEX Travel Asia, the operator of the Expedia Singapore website, has ceased its false claims and undertaken to stop further unfair practices in relation to the validity periods of its promotions.

OCBC says Singapore online sales boom doesn't spell demise of physical stores

OCBC is of the view that while online sales will continue to grow in Singapore, this does not mean the end of the road for brick-and-mortar stores, with suburban malls outperforming those located elsewhere.

Expedia Singapore website operator stops making false claims on promotions

BEX Travel Asia, the operator of the Expedia Singapore website, has ceased its false claims and undertaken to not engage in any further unfair practices in relation to the validity periods of its promotions.

Asian Pay TV posts Q3 DPU of 0.25 S cent

MAINBOARD-LISTED Asian Pay Television Trust (APTT) has declared an ordinary interim distribution per unit (DPU) of 0.25 Singapore cent for the third quarter ended Sept 30, down 16.7 per cent from its DPU of 0.3 cent in the year-ago period.

SingPost sets up S$1b debt programme; Halcyon Agri prices US$200m perps

POSTAL service provider Singapore Post (SingPost) on Wednesday said its wholly-owned subsidiary SingPost Group Treasury has established a S$1 billion multicurrency debt issuance programme.

OFFICE PLAYS

ARA buys Seoul office tower; DBS, UOB grant S$385.8m green loan for 5One Central

ARA Asset Management has purchased Parc1 Tower II - an office building in Seoul - for over one trillion Korean won (S$1.21 billion), in a deal slated to be the largest single asset transaction in Korea this year, ARA said in a press statement on Tuesday.

ARA buys Seoul office tower; DBS, UOB grant S$385.8m green loan for former Manulife Centre

ARA Asset Management has purchased Parc1 Tower II - an office building in Seoul - for over one trillion Korean won (S$1.21 billion), in a deal slated to be the largest single asset transaction in Korea this year, ARA said in a press statement on Tuesday.

Stocks to watch: Ascendas Reit, Sembmarine, Keppel, Valuetronics, Frasers Property

THE following companies saw new developments that may affect trading of their shares on Wednesday:

Frasers Property full-year profit tumbles 66.4% on Covid-19 hit

REAL estate developer and manager Frasers Property has posted a 66.4 per cent drop in net profit to S$188.1 million for the full year ended Sept 30, 2020 from S$560.3 million a year ago.

Cromwell E-Reit posts indicative Q3 DPU of 0.882 euro cent

CROMWELL European Real Estate Investment Trust's (Cromwell E-Reit) manager has reported an indicative distribution per unit (DPU) of 0.882 euro cent for the third quarter of this year, up 5.8 per cent quarter on quarter (q-o-q). In its business update on Tuesday, the Reit manager did not provide...

Singaporeans expect travel resumption by H2 2021 but remain cautious amid Covid-19: poll

WHILE Singaporeans are among the most optimistic in the region about when international travel will return, they are also among the most cautious when it comes to whether they would actually begin travelling.

Cromwell E-Reit posts indicative Q3 DPU of 0.882 euro cent

CROMWELL European Real Estate Investment Trust's (Cromwell E-Reit) indicative distribution per unit (DPU) rose 5.8 per cent quarter on quarter to 0.882 euro cent for the three months ended Sept 30.

Far East Orchard sinks into the red with S$6.3m nine-month loss

MAINBOARD-LISTED hotel operator and property developer Far East Orchard has sunk into the red with a net loss of S$6.3 million for the nine months ended Sept 30, compared with a net profit of S$5.4 million a year ago.

HOT STOCK

Aspen shares surge 15% after announcing placement

SHARES in Catalist-listed Aspen (Group) Holdings rallied 15.1 per cent or four Singapore cents to S$0.305 by the closing bell on Monday, after it announced a proposed placement to raise up to S$23.8 million.

S$35m grant to help smaller financial institutions adopt digital solutions

THE Monetary Authority of Singapore (MAS) on Monday announced the launch of a S$35 million Productivity Solutions Grant (PSG) to help smaller financial institutions adopt digital solutions for "more streamlined data reporting" to the regulator.

Aspen proposes placement to raise up to S$23.8m as firm eyes mainboard transfer

CATALIST-LISTED Malaysian property developer and soon-to-be glove maker Aspen (Group) Holdings is proposing to place up to 100 million new shares in the company - at an issue price of 23.8 Singapore cents apiece - to raise up to S$23.8 million, it announced on Monday.

S$35m grant to help smaller financial institutions adopt digital solutions

THE Monetary Authority of Singapore (MAS) on Monday announced the launch of a S$35 million Productivity Solutions Grant (PSG) to help smaller financial institutions adopt digital solutions for "more streamlined data reporting" to the regulator.

Singapore stocks rally on Biden's election win; STI up 1.3% at open

SINGAPORE shares started strong on Monday, on the back of news over the weekend that Democrat challenger Joe Biden had captured the US presidency as voters rebuffed Republican incumbent Donald Trump's leadership.