BofA Securities

Manufacturing recovery to help lift Singapore’s 2024 GDP but humps aplenty - THE EDGE SINGAPORE

Singapore economy

Manufacturing recovery to help lift Singapore’s 2024 GDP but humps aplenty

Based on the advanced estimates released by the MTI on Jan 2, Singapore’s 4Q2023 GDP grew by 2.8% y-o-y and 1.7% q-o-q.
BofA downgrades ESR Cayman to 'neutral' following ARA Asset Management acquisition - THE EDGE SINGAPORE

Broker's Calls

BofA downgrades ESR Cayman to 'neutral' following ARA Asset Management acquisition

The brokerage has also lowered its target price estimate to HK$26.50 ($4.63) from HK$31 previously.
Lonza to divest specialty ingredients business to Bain Capital and Cinven for $6.2 bil - THE EDGE SINGAPORE

M&A

Lonza to divest specialty ingredients business to Bain Capital and Cinven for $6.2 bil

The transaction is expected to close in 2H2021.
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