industrial

Industrial strategy — even if launched with the best intentions —always saps the vitality of private economic efforts.

OneApex may redevelop the property into halal food factory units for sale or rent, or sell the property for capital gains.

SINGAPORE (Dec 14): OCBC Investment Research is starting coverage on ESR-REIT at “buy” with a fair value estimate of 59 cents, following the recent completion of the REIT’s merger with Viva Industrial Trust (VIT) on Oct 15.

SINGAPORE (Feb 22): AEM Holdings is fully acquiring IRIS Solution, a Singapore-incorporated advanced machine vision solutions provider, for $1.5 million.

SINGAPORE (Dec 19): RHB Research is maintaining “overweight” on Singapore REITs (S-REITs) on expectations of selective REITs to continue remaining in favour in 2018, following what the research house sees as a stellar performance in 2017.

SINGAPORE (Dec 5): Hupsteel is redeveloping a Genting Lane freehold property it owns into an eight-storey industrial building, with elevated car parks with a gross floor area (GFA) of 5,259 sq m, for an estimated cost of $9.3 million which represents 5.9%

SINGAPORE (Sept 26): Moody’s Investor Service has downgraded its outlook on all of its ratings for Frasers Commercial Trust (FCOT) to “negative” from “stable”.

SINGAPORE (Aug 30): AIMS AMP Capital Industrial REIT (AA REIT) has received the Temporary Occupation Permit (TOP) for the redevelopment of land parcel units 8 & 10 Tuas Avenue 20, according to the manager of the REIT.  

SINGAPORE (July 27): Property developer Tuan Sing Holdings has reported earnings of $1.8 million for the second quarter ended June, a 64% decline from earnings of $5.1 million in the same period a year ago.

SINGAPORE (May 25): Integrated engineering solutions provider ISDN Holdings has entered into a strategic cooperation framework agreement with Comtec Solar Systems Group, a solar energy player listed on the Hong Kong Stock Exchange (HKSE).