Mergers and acquisitions (M&As)

SINGAPORE (Dec 22): The manager of Ascendas REIT (A-REIT) is divesting 84 Genting Lane to corporate gifts firm Axxel Marketing for $16.68 million, which represents a 66.8% premium to the property’s original purchase price of $10 million.

SINGAPORE (Nov 14): RHB Research is maintaining its “buy” call on HRnetgroup at an  unchanged target price of $1.14 after the recruitment firm’s strong set of 3Q17 results, which reflected stronger flexible staffing in Singapore and its 88GLOW sche

SINGAPORE (Nov 10): RHB Research is maintaining its “buy” recommendation on HRnetgroup with a  target price of $1.14 while remaining positive on the group’s latest developments and prospects ahead.

SINGAPORE (Nov 8): RHB has downgraded its call on TalkMed Group to “neutral” from “buy” previously while raising its target price from 69 cents to 72 cents, which implies 29 times FY18F P/E.

SINGAPORE (Aug 21): RHB Research is maintaining its “buy” call on Avi-Tech Electronics with a higher target price of 59 cents from 52 cents previously on expectations of positive long-term growth.

SINGAPORE (July 24): RHB, Religare and OCBC have issued reports with differing views on Cache Logistics Trust after its manager last Friday reported a 9.5% fall in 2Q distribution per unit (DPU) to 1.8 cent, which is in line with all three research houses

SINGAPORE (June 15): The value on mergers and acquisitions (M&A) involving Singaporean companies have hit US$11.8 billion ($16.3 billion) as 2Q17 comes to a close, says Thomson Reuters in a review released on Thursday.

SINGAPORE (May 17): DBS Vickers Securities is maintaining its “buy” call on precision engineering group UMS Holdings, raising its target price on the stock to $1.07 from 73 cents previously after the group recorded its highest quarterly earnings in ov

SINGAPORE (Nov 9): Following the recent spate of privatisation, UOB Kay Hian is casting the spotlight on the merger and acquisition (M&A) investment theme.