Category: Market Updates

Sembcorp Secures $50.9M Settlement Amid Legal Resolution

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October 3, 2024

Report Date and Broker Date: 3 October 2024 Broker: Maybank Research Pte Ltd Settlement UpdateSembcorp’s wholly-owned subsidiary, Sembcorp Cogen, has accepted an offer to settle a claim involving Lim Oon Kuin and two other...

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Market UpdatesSingapore SGX stocks

CapitaLand Ascott Trust Expands Portfolio with Strategic lyf Funan Acquisition, Boosting Growth Prospects

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October 3, 2024

Date of ReportOctober 3, 2024 Broker NameMaybank Research Pte Ltd Overview CapitaLand Ascott Trust (CLAS) is a Singapore-based real estate investment trust (REIT) that focuses on income-producing hospitality properties and real estate-related assets. CLAS...

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Market UpdatesSingapore SGX stocks

Revitalized Growth: Mapletree Industrial Trust’s Strategic Acquisition Spurs Upgraded Outlook

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October 3, 2024

Date: October 2, 2024Broker: Maybank Research Pte Ltd Company Overview Mapletree Industrial Trust (MINT SP) is the third-largest industrial sector S-REIT (Singapore Real Estate Investment Trust), managing a portfolio of 141 properties with an...

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Market Updates

Samsung Electronics Faces Global Workforce Reductions Amid Intensifying Competition

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October 3, 2024

Date of Report: October 3, 2024Broker Name: Lim & Tan Securities Pte Ltd Workforce Reductions in Southeast Asia, Australia, and New Zealand Samsung Electronics has initiated layoffs across Southeast Asia, Australia, and New Zealand,...

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Market UpdatesSingapore SGX stocks

Lendlease REIT Reports Strong FY2024 Performance Amid Strategic Lease Restructuring

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October 3, 2024

Date of Report: October 3, 2024Broker Name: Lim & Tan Securities Pte Ltd Financial Performance in FY2024 Lendlease REIT reported a 7.8% year-on-year (YoY) increase in gross revenue for FY2024, totaling S$220.9 million. This...

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Market UpdatesSingapore SGX stocks

Mapletree Industrial Trust: Expanding Footprint with Strategic Growth in Japan

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October 3, 2024

Date of Report: October 3, 2024Broker: CGS International Company Overview Mapletree Industrial Trust (MIT) is a Singapore-based real estate investment trust (REIT) that focuses on the development, acquisition, and management of industrial and data...

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Market UpdatesSingapore SGX stocks

ST Engineering: Poised for Growth with Defense and MRO Tailwinds

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October 3, 2024

Date of Report: October 3, 2024Broker: CGS International Company Overview ST Engineering is a Singapore-based company specializing in the aerospace, electronics, land systems, and marine sectors. It is known for its capabilities in providing...

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Hong Kong stocksMarket Updates

New World Development Co Ltd: A Strategic Buy with Strong Growth Potential

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October 3, 2024

Date of Report: October 3, 2024Broker: CGS International Company Overview New World Development Co Ltd (Stock Code: 17) is a prominent Hong Kong-based conglomerate engaged in property development, infrastructure, and service businesses. The company...

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Hong Kong stocksMarket Updates

China Resources Beer Holdings Co Ltd: A Technical Buy with Strong Upside Potential

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October 3, 2024

Date of Report: October 3, 2024Broker: CGS International Company Overview China Resources Beer Holdings Co Ltd (Stock Code: 291) is a Hong Kong-listed company primarily engaged in the production and distribution of beer. The...

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Hong Kong stocksMarket UpdatesSingapore SGX stocks

Hongkong Land Holdings Ltd: Early Stage of a Promising Uptrend

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October 3, 2024

Date of Report: October 3, 2024Broker: CGS International Company Overview Hongkong Land Holdings Ltd operates as a property investment, development, and management company. The company focuses on owning and managing prime office and luxury...

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