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Ascendas-Singbridge (ASB)
Company in the news
Temasek the obvious winner from CapitaLand's restructuring
If CapitaLand's restructuring exercise goes through, not all shareholders will benefit equally.
April 01, 2021
REITs
Size matters: UOB Kay Hian stays buoyant on Singapore REITs sector amid flurry of M&As
SINGAPORE (Dec 9): Singapore’s real estate investment trusts (S-REITs) continue to excite market watchers, amid a flurry of mergers and acquisitions this year.
December 09, 2019
Property
CapitaLand to more than double AUM in India to $7 bil by 2024
SINGAPORE (Oct 1): Property group CapitaLand plans to grow its assets under management (AUM) in India to $7 billion by 2024 from $3.3 billion at present.
October 01, 2019
Investing ideas
Better second half expected of CapitaLand on higher residential sales and ASB M&A
SINGAPORE (Aug 21): CapitaLand, South-east Asia’s largest property group, is expected to have a better 2H19 now that assets under management have expanded to $129.1 billion after the acquisition of Ascendas-Singbridge (ASB).
August 21, 2019
Company in the news
CapitaLand’s divestments under spotlight after Ascendas-Singbridge acquisition
SINGAPORE (July 22): CapitaLand has announced total divestments of some $3.46 billion this year, exceeding its annual target of at least $3 billion. These include sales to third parties as well as the group’s real estate investment trusts (REITs) and fu
July 19, 2019
Investing ideas
New business structure enables CapitaLand to deploy capital more effectively
SINGAPORE (July 16): CapitaLand completed its merger with Ascendas-Singbridge (ASB) on June 30. The group acquired all the shares in two ASB subsidiaries from Temasek for $6 billion, to create the largest diversified property group in Asia.
July 16, 2019
Broker's Calls
CapitaLand's merger with Ascendas-Singbridge to herald new growth era: DBS
SINGAPORE (May 27): DBS Group Research believes CapitaLand’s (CAPL) merger with Ascendas-Singbridge (ASB) will herald a new era of growth for the property group.
May 27, 2019
In print this week
Ascendas Hospitality Trust rejigs portfolio to weather Aussie downdraft
SINGAPORE (Apr 29): Now that the shareholders have approved CapitaLand’s proposed merger with Ascendas-Singbridge, attention may turn to synergies and overlaps in the two companies. In particular, ASB’s hospitality arm, Ascendas Hospitality Trust (AHT
April 29, 2019
In print this week
CapitaLand dips its toes into new asset classes such as Jewel and multifamily housing as ASB merger is approved
SINGAPORE (Apr 22): Jewel Changi Airport — Singapore’s newest integrated development by CapitaLand and Changi Airport — is quite the talk of the town with its waterfall, jungle, shops, eateries and a YOTELAIR. It houses more than 2,000 trees and pal
April 22, 2019
Commentary
Why CapitaLand's purchase of Ascendas-Singbridge isn't fair to minorities, and what can be done about it
SINGAPORE (April 8): CapitaLand has made a convincing case for why its proposed acquisition of the Ascendas-Singbridge group from Temasek Holdings is in its long-term interest. But it hasn’t demonstrated that its minority investors are being treated fai
April 07, 2019