SINGAPORE (July 10): Property stocks Bukit Sembawang, Oxley and GuocoLand have had their recommendations downgraded by Maybank Kim Eng in light of new measures to cool the property market and keep price increases in line with economic fundamentals. Even though Bukit Sembawang continues to trade at a...

SINGAPORE (July 9): Maybank Kim Eng is downgrading its property sector weighting to “neutral” from “overweight” on the belief that the overhang on Singapore’s growth outlook and risk of further cooling measures will weigh heavily on the residential sector’s performance through 2H18. The ...

SINGAPORE (June 20): Maybank Kim Eng is remaining positive on Singapore’s property sector on expectations of the recent home-price rally to continue, with buying opportunities arising from the current share price weakness among developers. In a Monday report, analyst Derrick Heng notes that specul...

THE following companies saw new developments that may affect trading of their shares on Friday:

PROPERTY developer Bukit Sembawang Estates reported a substantial increase in quarterly net income on Thursday, as it recognised higher profits from its development projects.

PROPERTY developer Bukit Sembawang Estates reported a substantial increase in quarterly net income on Thursday, as it recognised higher profits from its development projects.

The consortium outbid eight other renowned property developers including GuocoLand, Bukit Sembawang Estates, Shun Tak Holdings, and Wing Tai Holdings. The post New World Development-led consortium snaps up Singapore site for record $307m appeared first on DealStreetAsia.