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OIR Weekly S-REITS Tracker (09 December 2024)
BOJ Deputy Governor Himino to deliver speech Jan. 14
https://www.channelnewsasia.com/business/boj-deputy-governor-himino-deliver-speech-jan-14-4795506
[PREMIUM CONTENT] OCBC keeps 'hold' on Bumitama Agri but with a higher fair value of 91.5 cents
Read: https://link.theedgesingapore.com/EoE8yvmPH9UdwJ8E9
Download our app: edgesg.link/appdl
S-REITs Recap - Week 49
🪙Loan Facilities obtained by Keppel Pacific Oak US REIT (KORE)
🪙Sasseur REIT Enters Into Supplementary Sponsor Loan Agreement
🪙Digital Core REIT Continues Share Buy-Back
🪙Suntec REIT - Mandatory Conditional Cash offer by United Overseas Bank Limited and DBS Bank Ltd., for and on behalf of Aelios Pte. Ltd.
🪙IREIT Global Sets Up Green Financing Framework To Further Advance Its Sustainability Commitments And Priorities
🪙Singapore REITs Outlook: What's ahead for 2025 on Jan 8, 2025 at SGX Auditorium jointly organised by SGX Academy and REITsavvy (Early Bird Registration!)
See detail announcements here:
https://reitsavvy.com/insights/s-reits-week49-2024
#reitsavvy #reitnews #reit
S-REITs Recap - Week 48
🪙Elite UK REIT Enters Into Contract To Divest Hilden House, Warrington
🪙Mapletree Logistics Trust Divests Two Properties in Japan
🪙Digital Core REIT - Responses to Unit holders on Relevant Questions raised on 4 December 2024 EGM
🪙IREIT Global Secures A 20-Year Hospitality Lease Contract With UK's Largest Hotel Chain, Premier Inn, In Berlin Campus To Operate 270 Rooms
https://reitsavvy.com/insights/s-reits-week48-2024
#reitsavvy #reitnews #reit
Unlock Tax Savings with the Supplementary Retirement Scheme (SRS) in Singapore
https://growbeansprout.com/srs-supplementary-retirement-scheme-tax-savings
SGX's November SDAV up 51% y-o-y to $1.44 billion
Read: https://link.theedgesingapore.com/sVdabPNWYgdxu9sp9
Follow us on: @theedgesg
Jack Ma pushes AI drive in rare speech since Ant crackdown
https://www.straitstimes.com/business/companies-markets/jack-ma-pushes-ai-drive-in-rare-speech-since-ant-crackdown
Bank of Japan could hike rates as early as next week: Capital Economics
https://www.cnbc.com/video/2024/12/09/boj-could-hike-rates-as-early-as-next-week-capital-economics.html
United Hampshire US REIT: What You Need to Know about the Necessity Retail REIT
https://www.thesingaporeaninvestor.sg/2024/11/18/united-hampshire-us-reit-what-you-need-to-know-about-the-necessity-retail-reit/?utm_source=rss&utm_medium=rss&utm_campaign=united-hampshire-us-reit-what-you-need-to-know-about-the-necessity-retail-reit
Rebound in resident employment as Singapore labour market expands in Q3
https://www.channelnewsasia.com/singapore/mom-labour-market-third-quarter-singapore-resident-employment-jobs-growth-4795171
Oiltek is a tech-driven vegetable and edible oil process engineering company strategically positioned to benefit from rising palm oil production in Indonesia and Malaysia, the world’s top two producers. Government mandates for higher biodiesel blending largely fuel this growth, driving increased production demand and Oiltek addresses this need with its patented technologies and innovative solutions throughout the supply chain
A significant growth driver for Oiltek is the production of SAF, which is gaining momentum as the world works toward achieving net-zero emissions by 2050. With its advanced capabilities, Oiltek is well-equipped to capitalize on this trend, positioning SAF production as its next key
growth engine.
We value Oiltek at S$1.21 by pegging it to a 17.8x FY25 P/E multiple (25% discount to Oiltek’s Malaysian counterparts). The 25% discount is to account for differences in market dynamics, where Malaysian agricultural players generally enjoy higher valuations in their domestic market.
[PREMIUM CONTENT] Lim & Tan initiates coverage on Oiltek with 'buy' call and $1.21 target price
Read: https://link.theedgesingapore.com/t5MB7fLDvy3ZwhBU6
Download our app: edgesg.link/appdl
China's Nov exports likely grew 8.5% as factories shift stocks overseas: Reuters poll
https://www.channelnewsasia.com/business/chinas-nov-exports-likely-grew-85-factories-shift-stocks-overseas-reuters-poll-4795186
Boutique bank Raine to shut HK base, offers staff Singapore move
https://www.straitstimes.com/business/banking/boutique-bank-raine-to-shut-hk-base-offers-staff-singapore-move
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Oiltek International - Good Times Ahead (Lim&Tan)
Equinor completes Nigeria, Azerbaijan asset sales of up to $2 billion
https://www.channelnewsasia.com/business/equinor-completes-nigeria-azerbaijan-asset-sales-up-2-billion-4795491
[PREMIUM CONTENT] UltraGreen.ai's Sajwan aims to light up the healthcare market with 'matcha powder'
Read: https://link.theedgesingapore.com/MBETdhRW8xNJC8oK7
Download our app: edgesg.link/appdl
Japan's Kioxia prices IPO in middle of range, raising $800 million
https://www.channelnewsasia.com/business/japans-kioxia-prices-ipo-middle-range-raising-800-million-4795456
Kioxia prices IPO at 1,455 yen per share
https://www.channelnewsasia.com/business/kioxia-prices-ipo-1455-yen-share-4795456
Singapore REITs Monthly Update (October 12th, 2024)
https://mystocksinvesting.com/singapore-reits/singapore-reits-monthly-update-october-12th-2024/
Logistics Focused REITs Comparison @ 8 December 2024
https://www.reit-tirement.com/2024/12/logistics-focused-reits-comparison-8.html
Chinese premier warns world financial leaders of 'deglobalisation' risks
https://www.channelnewsasia.com/east-asia/chinese-premier-warns-world-financial-leaders-deglobalisation-risks-4795401
Key Highlights from EC World REIT’s Q3 and 9M FY2024 Results
https://www.thesingaporeaninvestor.sg/2024/11/12/key-highlights-from-ec-world-reits-q3-and-9m-fy2024-results/?utm_source=rss&utm_medium=rss&utm_campaign=key-highlights-from-ec-world-reits-q3-and-9m-fy2024-results
3 Singapore REITs that Invest Solely in European Properties
https://www.thesingaporeaninvestor.sg/2024/11/26/3-singapore-reits-that-invest-solely-in-european-properties/?utm_source=rss&utm_medium=rss&utm_campaign=3-singapore-reits-that-invest-solely-in-european-properties
The Business Times (Youtube)
Lens on Daily: Headline News Monday, December 9, 2024
Syrian rebels have seized Damascus, US President-elect Trump comments on Federal Reserve leadership, and South Korea faces political turmoil. In Asia, Indonesia's opposition wins Jakarta's gubernatorial race. Locally, Singapore's East-West Line progresses on track work.
Synopsis: A round up of global headlines to start your day by The Business Times.
Written by: Howie Lim / Claressa Monteiro (claremb@sph.com.sg (mailto:claremb@sph.com.sg) )
Recording engineer: Joann Chai Pei Chieh
Produced and edited by: Claressa Monteiro
Produced by: BT Podcasts, The Business Times, SPH Media
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Bursa Malaysia Midday Recap: Markets in the Red
The FBM KLCI index managed to hold above the 1600 level despite majority of its constituents falling into the red. Losses in YTL stocks and PCHEM further weighed down the index. Market sentiment remained weak, with more laggards than gainers. In other news, Crescendo announced the disposal of five vacant land plots in Johor Bahru for RM120.1 million to Data Cloud Innovation Sdn Bhd for developing data centers in Johor. Key event to watch this week are the US CPI and PPI.
Amid the market weakness, the plantation sector stood out as the lead gainer. SDG (Target Price: MYR 5.41) may be a potential trading opportunity as our analysts reaffirmed a buy rating. For more details, check out the full report on your Maybank Trade MY app today.
Trade Your Way Forward. Simple, Smart and Seamlessly
#Middayrecap
Money and Me: Finding attractive S-REITs in a rate cutting environment
https://mystocksinvesting.com/monthly-market-update/money-and-me-finding-attractive-s-reits-in-a-rate-cutting-environment/
HSBC appoints Annie Lim as global private banking (GPB) desk head for Singapore
Read: https://link.theedgesingapore.com/eeRh1zefCqsJC98SA
Follow us on: @theedgesg
Money and Me: Data Centered S-REITs; here is what you need to know
https://mystocksinvesting.com/monthly-market-update/money-and-me-data-centered-s-reits-here-is-what-you-need-to-know/