acquisitions

SINGAPORE (May 16): DBS Vickers is upgrading its call on Far East Hospitality Trust (FEHT) to “buy” from “hold”, raising its target price on the stock to 66 cents from 63 cents previously on expectations of a market recovery from 2018 onward.

SINGAPORE (May 5): Lum Chang Holdings has, through its subsidiary Lum Chang Auriga, exercised an option to purchase to buy 13 strata units and common areas in the freehold residential property, One Tree Hill Gardens, for a consideration of $65 million.

SINGAPORE (April 25): Singapore Press Holdings (SPH) today announced its acquisition of Orange Valley Healthcare (OV), the operator of nursing homes and ancillary services, for about $164 million from private equity firm KV Asia Capital.

SINGAPORE (April 17): Frasers Property International, the wholly-owned subsidiary of Frasers Centrepoint Limited (FCL), has entered into a conditional agreement to acquire an 86.56% stake in Geneba Properties N.V. for EUR 315.9 million ($471.6 million) f

SINGAPORE (April 3): Ascendas Fund Management, the manager of Ascendas REIT, today announced completion of the REIT’s acquisition of Stage 4, Power Park Estate in Melbourne, Australia, from Goodman Dandenong Trust for a purchase consideration of A$24.8

SINGAPORE (March 31): Maybank Kim Eng Research continues to rate StarHub at “sell” at an unchanged price target of $2.49, foreseeing turbulent times ahead for the local telco despite it announcing a game plan to manage recent changes in the industry.

SINGAPORE (March 24): RHB Research is confident that Fraser & Neave’s (F&N’s) recent move to increase its stake in Vietnam Dairy Products, otherwise known as Vinamilk, is to power the group’s earnings growth ahead. 

SINGAPORE (March 8): UOB Kay Hian has downgraded its call on Ascott Residence Trust (Ascott REIT) to “hold” from “buy” previously, following Tuesday’s announcement of its $442.7 million rights issue to acquire Ascott Orchard Singapore, Citadines

SINGAPORE (March 1): RHB is remaining “neutral” on CapitaLand while raising its target price to $3.60 from $3.15 previously, as it expects limited upside on the stock following the run-up in its share price, which has increased by about 20% in the yea

SINGAPORE (Feb 24): ABR Holdings, the company behind Swensen’s ice cream and Tip Top curry puffs is branching out into catering to seek growth.