acquisitions

SINGAPORE (Oct 10): DBS Vickers Securities is reiterating its “buy” call on Manulife US REIT after a recent site visit to the office REIT’s US properties, with a higher target price of 93 US cents ($1.28) from 91 US cents previously.

SINGAPORE (Oct 10): CIMB is reiterating its “add” call on property developer UOL Group with a higher target price of $7.97 from $7.96 previously, after factoring in the group’s latest property purchases.

SINGAPORE (Sept 14): NRA Capital continues to keep its “overweight” rating on property management services group LHN Limited, with a higher fair value of 28.5 cents on higher 3Q earnings.

SINGAPORE (Sept 14): Daiwa says the imminent rights issue of Frasers Hospitality Trust (FHT), albeit dilutive, could help to improve its free float and valuations.

SINGAPORE (Sept 13): RHB is initiating coverage of Viva Industrial Trust (VIT) at “buy” with a target price of 85 cents, noting a strong tenant profile; high exposure to the business park segment; and higher projections of earnings contributions from

SINGAPORE (Aug 8): Singapore Medical Group (SMG) has proposed to fully acquire its 38.1% owned associated company, Lifescan Imaging, an imaging and radiology firm, for a consideration sum of $8.5 million.

SINGAPORE (July 27): NRA Capital is maintaining its “overweight” rating on LHN at a fair value of 22.5 cents on the company’s recent announcement of acquiring a 50% stake in Golden Mile Tower’s carpark at 6001 Beach Road.

SINGAPORE (July 15): CIMB Research is maintaining its “add” call on First REIT with a higher target price of $1.38 from $1.33 previously, after its 2Q16 results came in line with the research house’s expectations.

SINGAPORE (July 5): Religare’s head of Asean real-estate research, Tata Goeyardi, has expressed surprise at Mapletree Commercial Trust’s (MCT’s) acquisition of Mapletree Business City’s (Phase 1) office and business park components for a purchase