Daily Debrief: What happened today
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Cuscaden raises SPH bid to S$2.36 all cash, or S$2.40 in cash and SPH Reit units
The consortium comprising Hotel Properties (HPL), businessman Ong Beng Seng, and two Temasek-linked entities, CLA and Mapletree, has raised its offer for Singapore Press Holdings (SPH), days after rival offeror Keppel raised its bid too.
Reits may not be best vehicles to hold prime Singapore office assets
Perhaps Reits in the Republic should consider divesting more prime Singapore office assets, given valuations are relatively low in some cases and trusts trade below book value in other instances.
Temasek proposes 5-year Singapore dollar bonds of up to S$350m
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Temasek on Monday (Nov 15) said it is proposing to offer new 5-year bonds through its wholly-owned subsidiary Temasek Financial (IV).
ST Engineering bags international smart city projects, defence contract
Singapore Technologies Engineering (ST Engineering) ST Engineering: S63 +1.81% on Monday (Nov 15) said it has secured a smart city project in Kaohsiung City, Taiwan for S$445 million.
New private home sales in Singapore rise 9% in October
New private home sales inched upwards by 9 per cent in October, countering the dip in the previous month. Developers in Singapore sold 909 new private homes last month, against the 834 sold in September.
Corporate earnings
The STI today
Singapore stocks kick off week in the black, STI up 0.4% Local shares began the week on a more upbeat note following a positive handover from Wall Street indices last week.
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