AXA Tower

The proposed acquisition is said to allow Chip Eng Seng to acquire a meaningful stake in a prime real estate site in the CBD

Despite the macro uncertainty, CGS-CIMB reckons HRnetGroup is well-positioned to benefit from job creation.

Analysts at DBS Group Research say the partnership marks a win not just for Perennial, but also Alibaba Singapore and the broader local office market.

SINGAPORE (May 9): DBS Vickers Securities is maintaining its “buy” call on BreadTalk Group while lower its target price on the counter from $2.05 to $1.98 after factoring in higher interest costs from increased borrowings due to the group’s ongoing

SINGAPORE (Aug 3): DBS is maintaining its “buy” call on Breadtalk Group with a target price of $2.04 as it continues to deliver earnings growth, driven by the recovery of its Foodcourt segment.

SINGAPORE (Aug 1): DBS Group Research says the consortium including Perennial Real Estate Holdings, BreadTalk Group, and Wilmar CEO Kuok Khoon Hong could realise a net gain of at least $398 million in the potential en bloc sale of AXA Tower.

SINGAPORE (July 31): A consortium of investors led by Perennial Real Estate Holdings announced Monday it is considering the en bloc sale of AXA Tower at no less than $1.65 billion.

SINGAPORE (June 9): DBS Vickers Securities is reiterating its “buy” recommendation on BreadTalk Group with a higher target price estimate of $1.92 on the belief that the group’s earnings will continue to turn around and deliver growth.

SINGAPORE (Feb 8): Perennial Real Estate Holdings, the integrated real estate and healthcare company, reported 37.8% lower earnings of $25.6 million in 4Q16.

SINGAPORE (Nov 10): DBS is maintaining a “buy” call on Perennial Real Estate with a target price of $1.32, excited over the developer’s medium- to long-term plans in Singapore and China, the company’s biggest markets.