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Xiaomi seeks valuation of at least US$50 bil in IPO
HONG KONG (Dec 5): Xiaomi Corp., the Chinese smartphone maker that was once the most valuable startup in the world, is in talks with investment banks about a possible initial public offering and seeking a valuation of at least US$50 billion ($67.4 billion
December 05, 2017
Sabana REIT dismisses relevance of unitholder’s claim, will convene EGM ‘as soon as practicable’
SINGAPORE (Feb 20): The manager of Sabana Shari’ah Compliant Industrial REIT (Sabana REIT) is disputing the claims of Jerry Low Chin Yee, a unitholder who, among other accusations, is challenging the objectivity and independence of valuation reports con
February 20, 2017
Broker's Calls
Starhill Global’s FY17 distributions to be impacted negatively
SINGAPORE (Feb 2): CIMB Research is reiterating its “hold” call on Starhill Global REIT while lowering its target price to 72 cents from 76 cents after the release of the REIT’s 2Q17 results, on expectations of ongoing redevelopment at Plaza Arcade
February 02, 2017
Google steals Apple’s No. 1 spot as world’s most valuable brand
SINGAPORE (Feb 2): Apple Inc. is no longer the most valuable brand in the world, according to the latest edition of the Brand Finance Global 500 report.
February 02, 2017
Broker's Calls
10 stock picks to guide you through a lacklustre 1H17
SINGAPORE (Nov 28): With the Singapore market being dragged down this year by events such as Brexit and the US presidential elections, OCBC Investment Research expects the lacklustre sentiment to continue at least into 1H17 as corporate earnings and econo
November 28, 2016
Swiber subsidiary to sell vessel for US$10.25 mil to repay DBS
SINGAPORE (Nov 22): Swiber Atlantis, a wholly-owned subsidiary of Swiber Holdings, has signed a memorandum of agreement (MOA) for the sale of its vessel known as Sea Horizon to WAG SPV I, LLC for US$10.25 million ($14.6 million).
November 22, 2016
Six predictors of a potential M&A target
SINGAPORE (Sept 23): Predicting an M&A often rely on inside knowledge or leaks from within, however, factors such as leverage, size of company as well as profitability has been identified as significant in predicting an M&A, according to an Intralinks stu
September 23, 2016
Broker's Calls
Advancer Global advances via acquisitions
SINGAPORE (Sept 16): Advancer Global, the provider of foreign domestic workers (FDW) as well as cleaning and stewarding services, has been actively growing its business through acquisitions since its listing in July.
September 16, 2016
Broker's Calls
Rights issue likely to boost free float, valuations for Frasers Hospitality Trust
SINGAPORE (Sept 14): Daiwa says the imminent rights issue of Frasers Hospitality Trust (FHT), albeit dilutive, could help to improve its free float and valuations.
September 14, 2016