China Everbright Water H1 profit drops 3.8% as construction service revenue falls

MAINBOARD-LISTED China Everbright Water posted a 3.8 per cent drop in net profit to HK$404.5 million (S$71.7 million) for the six months ended June 30, 2020, from HK$420.5 million a year ago.

Hatten Land to assign Malacca mixed-use project's IP rights to Tayrona for US$60m

HATTEN Land has proposed to assign its intellectual property (IP) rights in the Harbour City integrated development in Malacca, Malaysia to Tayrona Capital for US$60 million.

GuocoLand appoints new group chief financial officer

PROPERTY developer GuocoLand has appointed Sim Chee Wah as its new group chief financial officer (CFO), effective Tuesday.

Ascendas Reit sets up S$7b euro medium-term securities programme

THE trustee of Ascendas Real Estate Investment Trust (Ascendas Reit) on Tuesday established a S$7 billion euro medium-term securities programme, the Reit manager said on Wednesday.

Singapore's refining sector showing some recovery in July: Refinitiv

SINGAPORE'S refining sector has finally shown some recovery in July, as the Republic's three refineries hit full operable capacity for the first time since February 2020 at 1.315 million barrels per day.

AA Reit proposes buying Bulim Street logistics facility for S$129.6m

THE trustee of AIMS Apac Reit (AA Reit) on Aug 7 entered into a put and call option agreement with Titan (Wenya) to acquire a ramp-up logistics warehouse at 7 Bulim Street for a purchase price of about S$129.6 million.

Jeffrey Ong hit with 4 more charges involving S$11.7m linked to Allied Tech

JEFFREY Ong, the former managing partner of law firm JLC Advisors, was charged in the State Courts on Tuesday with four additional counts of criminal breach of trust as an attorney.

Singapore's condo resale volume nearly doubles in July: SRX

PENT-UP demand and a surge in HDB upgraders entering the market nearly doubled the resale volume of non-landed private homes in Singapore in July; 978 units were resold, up from the 496 units resold in June 2020.

Two shophouses in CBD, three in Jalan Besar up for sale

TWO shophouses located in the central business district (CBD) and three adjoining shophouses in Jalan Besar have been put up for sale by tender, marketing agents PropNex and Edmund Tie said separately on Tuesday.

Singapore's refining sector shows some recovery in July: Refinitiv

SINGAPORE'S refining sector has finally shown some recovery in July, as the Republic's three refineries hit full operable capacity for the first time since February 2020 at 1.315 million barrels per day.

Singapore condo resale volume nearly doubles in July: SRX

PENT-UP demand and a surge in HDB upgraders entering the market nearly doubled the resale volume of non-landed private homes in Singapore in July; 978 units were resold, up from the 496 units resold in June 2020.

Jeffrey Ong hit with 4 more charges involving S$11.7m linked to Allied Tech

JEFFREY Ong, the former managing partner of law firm JLC Advisors, was charged in the State Courts on Tuesday with four additional counts of criminal breach of trust as an attorney. 

Perennial, Qingjian Realty sell 190 units at Forett At Bukit Timah condo

PROPERTY developers Qingjian Realty (South Pacific) Group and Perennial Real Estate Holdings have sold 30 per cent or 190 units of their 633-unit Forett At Bukit Timah condo...

AIMS Apac Reit proposes to buy Bulim Street logistics facility for S$129.6m

THE trustee of AIMS Apac Reit (AA Reit) on Aug 7 entered into a put and call option agreement with Titan (Wenya) to acquire a ramp-up logistics warehouse at 7 Bulim Street for a purchase price of about S$129.6 million.

Prime US Reit posts H1 DPU of 3.52 US cents, up 5.1% from forecast

PRIME US Reit's distribution per unit (DPU) stood at 3.52 US cents for its first half ended June 30, 2020, 5.1 per cent higher than its initial public offering (IPO) forecast of 3.35 cents.

HOT STOCKS

Genting Singapore falls after posting losses, cutting dividend

SHARES of Genting Singapore tumbled 4.9 per cent on Friday, after the resort operator on Thursday posted its worst quarterly performance since Resort World Sentosa's (RWS) opening in 2010.

Broker's take: KGI downgrades ARA H-Trust to 'neutral' on slower recovery

KGI Securities has downgraded ARA US Hospitality Trust (ARA H-Trust) to "neutral" with a lowered target price of US$0.40 from US$0.67.

Hot stock: Genting Singapore falls 4.9% after posting S$163.3m Q2 loss

SHARES of Genting Singapore tumbled 4.9 per cent on Friday, after the resort operator on Thursday posted its worst quarterly performance since Resort World Sentosa's (RWS) opening in 2010.

AIMS Apac Reit proposes issue of S$125m in perpetual securities at 5.65%

THE trustee of AIMS Apac Reit has priced S$125 million of perpetual securities at 5.65 per cent, as part of the real estate investment trust's (Reit) S$750 million multicurrency debt issuance programme.

Prime US Reit posts H1 DPU of 3.52 US cents, 5.1% above forecast

PRIME US Reit's distribution per unit (DPU) stood at 3.52 US cents for its first half ended June 30, 2020, 5.1 per cent higher than its initial public offering (IPO) forecast of 3.35 cents.

BROKER'S TAKE

Singapore property plays 'too cheap to ignore' amid attractive valuations: DBS

DBS Group Research on Thursday called Singapore's property developers "too cheap to ignore", citing attractive valuations.

Temasek unit Dornier MedTech launches urology community platform

MEDICAL device company Dornier MedTech is launching UroX, a community that seeks to connect talents, technologies and funding to solve critical problems in the field of urology.

Broker's take: DBS upgrades Hutchison Port Holdings Trust to 'buy' on attractive dividend yield

DBS Group Research has upgraded Hutchison Port Holdings Trust (HPH Trust) to "buy" from "hold", as its current dividend yield of 11.3 per cent is seen as an attractive level for entry.

Broker's take: DBS says Singapore property plays 'too cheap to ignore' amid attractive valuations

DBS Group Research on Thursday called Singapore's property developers "too cheap to ignore", citing attractive valuations.

Alibaba Pictures plans to delist from SGX on Dec 4

DUAL-LISTED Alibaba Pictures Group on Wednesday said it plans to delist from the Singapore Exchange's mainboard on Dec 4, 2020.