valuation

JP Morgan positive on acquisition but raises concern about Keppel DC REIT's $350 mil payout for land extension - THE EDGE SINGAPORE

REITs

JP Morgan positive on acquisition but raises concern about Keppel DC REIT's $350 mil payout for land extension

Despite accretions of 6.7% to 11.1% to DPU from KDC REIT's proposed DC acquisitions, JP Morgan thinks unitholders may question a $350 million upfront payment to the sellers for land lease extension

Financially Savvy

Katy Perry's US$225 million payday began in 1908

Thanks to the decades-long evolution of musical copyright, investors have concluded this is definitely a bet worth making

REITs

What’s that REIT really worth?

Valuations of REIT properties — not yields — come under closer scrutiny amid fiasco involving Eagle Hospitality Trust and Covid-19 fallout.

REITs

Industrial REITs could ride out Covid volatility

A large diversified tenant base, long weighted average lease expiries (WALEs), and manageable aggregate leverage levels — coupled with a degree of geographical diversifica-tion with assets that require limited human in-tervention — are likely to be th

Tech

SoftBank remakes itself with a US$41 bil bazooka

The deleveraging exercise was forced on Softbank which had piled up gross consolidated debts of nearly US$170 billion and net debts of over US$130 billion.

SGX Research Series: 10 in 10

Sasseur REIT poised to capitalise on long-term growth of China outlet business

The REIT is supported by its sponsor Sasseur Group. It also leverages the extensive networks of the sponsor’s strategic shareholders, namely L CattertonAsia and Ping An Real Estate.

Startups, Entrepreneurs, Digital economy

CEO of leading AI startup SenseTime says valuation has passed US$7.5 billion

(Sept 6): SenseTime Group’s valuation surpassed US$7.5 billion this year after securing investment from backers like SoftBank Group, yet the world’s largest AI startup said it’s in no hurry to go public.

Update

Ascott Raffles Place divestment in line with market & legal practices, maintains REIT manager

SINGAPORE (Jan 22): The manager of Ascott Residence Trust (Ascott REIT) has filed a clarification letter to the Singapore Exchange (SGX) in response to a letter published in the forum of The Straits Times on Monday, which questioned the gap between the va

In print this week

Will Serial System's HK spinoff give it the valuation it seeks?

SINGAPORE (June 22): Electronic parts distributor Serial System is set to spin off its Hong Kong subsidiary, Serial Microelectronics (HK), in a listing on the Stock Exchange of Hong Kong. 

China Sunsine — Price up 20.8% since we bought two weeks ago and we bought more

SINGAPORE (Feb 5): China Sunsine Chemical Holdings has been one of our portfolio’s top-performing stocks, gaining 20.8% since we bought it just two weeks ago, thanks in part to a growing number of brokers who have since started covering the company.
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