ST Engineering wins electronics contracts worth $650 mil in 2Q

Keppel Singmarine to build $100 mil worth of dredgers

In times like this, still being able to win contract.
Come I clap for you. *Clap clap*

Raffles Medical plans to spend S$1b to expand in Asia

SPH REIT 3Q DPU up 0.7% to 1.36 cents

SPH REIT reports DPU in 3Q16 increased 0.7% to 1.36 cents on the back of higher rental income achieved from Paragon.

One of thing I like about SPH REIT is its Good management. Although SPH REIT has only 2 properties under its portfolio, the management has since been trying hard on AEI to free up space to build more shops for rental. Below are examples.

“The Asset Enhancement Initiative involving the decanting of Air Handling Units at Paragon are progressing well and we have secured tenancies for all the newly created units ahead of its opening end of this year,” says Susan Leng, CEO of SPH REIT Management.

“We have received strong demand from retailers for the reconfiguration of Basement 1 at The Clementi Mall,” she adds. “The revamped food cluster will be a refreshing destination for our shoppers.”

really hope SPH REIT will acquire Seletar Mall from its sponsor this year. had been saying this in their outlook presentation for many quarters. *disappointed

Keppel’s offshore and marine unit secures projects worth $120m

Keppel Offshore & Marine’s wholly owned subsidiary Keppel Shipyard has secured four contracts worth a total of about $120 million from repeat customers, says Keppel Corp in a aftermarket filing on Thursday.

it all started with a vision

and today Keppel Shipyard @Tuas

Viva Industrial Trust Initiate with BUY by OCBC

Reference from OCBC Investment Research

Viva Industrial Trust (VIT) is a Singapore-focused REIT which primarily invests in business parks and industrial real estate assets. The combined market valuation of VIT’s portfolio is S$1.2b, including its latest acquisition of 30 Pioneer Road in April, with the majority in business park assets (58.1%).

Looking ahead, we project VIT’s distributable income to increase by 27.0% in FY16 and 6.2% in FY17. DPU is expected to decrease 1.2% to 6.916 S-cents in FY16, before increasing 6.9% to 7.392 S-cents in FY17.

We value VIT using the dividend discount model (DDM) and derive a fair value estimate of S$0.75 (cost of equity: 9.0%; terminal growth rate: 0%). Based on yesterday’s closing price of S$0.705, VIT is currently trading at a forward FY16F DPU yield of 9.8% and a FY17F yield of 10.5%.

Maybank & Daiwa Rating for Sheng Siong Group

Maybank is keeping its “buy” call for Sheng Siong Group,
with a target price of $1.12 

While Daiwa is sticking with its “outperform” rating 

with a target price of 97 cents.

dont need say much, just follow the above pic.
Thumbs up! haha

DBS Group Research has started coverage of Manulife US real estate investment trust (REIT) with a buy recommendation and a target price of 91 cents.

Source from DBS Group Research 

DBS Group Research has started coverage of Manulife US real estate investment trust (REIT) with a buy recommendation and a target price of 91 cents.

According to lead analyst Mervin Song, the REIT provides investors with the opportunity to invest freehold properties in US. Manulife’s initial portfolio includes three Class A or Trophy buildings, namely Figueroa in Los Angeles, Michelson in Orange County, and Peachtree in Atlanta.