The manager of Prime US REIT has entered into purchase agreements to acquire freehold office towers located in San Diego and Florida for a total consideration of US$245.5 million ($330.2 million). The manager also announced the launch of a private placement to raise gross proceeds of up to US$80 mil...

DBS Bank has, on June 23, announced the completion of its first export financing transaction referencing the USD Secured Overnight Financing Rate (SOFR) with Bunge, a global food and agri-business. The transaction is also a first in Singapore. The US$25 million ($33.6 million) transaction is priced ...

Analysts from DBS Group Research and UOB Kay Hian are maintaining their “buy” calls on Frasers Logistics & Commercial Trust (FLCT). FLCT invests in income-producing properties that are used mainly for logistics, commercial or office spaces or business park purposes. Its portfolio focuses pri...

The US Federal Reserve, which sharply increased its inflation forecasts for 2021 on June 16, appears to be more hawkish than initially expected by economists. The majority of the 13 members of the Federal Open Market Committee believe that the central bank will increase rates in 2023 and at least tw...

The team of analysts at DBS Group Research led by Ling Lee Keng have stated in a June 22 report that the chip shortage shows no signs of abating amid strong demand. The global chip shortage, which started in 2020 and first affected the automobile industry, has now extended to the entire tech industr...

Olam International has announced a fully underwritten three-for-20 rights issue at an issue price of $1.25 per share, which is expected to raise gross proceeds of $601.7 million. The company also announced its 1QFY2021 ended March business update, in which it reported a 13.1% y-o-y decline in earnin...

DBS Bank has launched the Fixed Income Execution (FIX) Marketplace, a digital platform where bond issuers can directly connect with investors. In a press release announcing the launch on June 22, DBS says the FIX Marketplace aims to make capital markets access more time and cost-efficient, while als...

As Singapore gradually relaxes the Covid-19 restrictions from June 14 onwards, cyclical names should experience a return to growth after an expected weak 2Q2021, according to RHB Group Research analyst Shekhar Jaiswal. “With 75% of the population expected to be fully vaccinated by October, a gradu...

DBS group research analysts Geraldine Wong and Derek Tan have maintained a “buy” call on Sasseur REIT with an increased target price of $1.10 from 89 cents previously. They “reiterate [their] ‘buy’ call with a higher discount cash flow (DCF)-based target price of $1.10 after increasing the...

Keppel DC REIT (KDC REIT), very much the flavour of 2020, has been somewhat sidelined since April this year. It has also drifted down to a 10-month low, despite 1QFY2021 distributions per unit (DPU) rising by 1.4% y-o-y. Excluding capex reserves that have been set aside, DPU would have risen by 18.1...