Property developer Roxy-Pacific Holdings has been on the radar of SAC Capital, following an offer it received on Sep 20 to delist. The pre-conditional voluntary general offer was made by TKL & Family for all the issued ordinary shares in the company. The offeror is also the bid vehicle for a con...

It was reported by EdgeProp.sg that International Plaza has been put up for collective sale with a price tag of $2.7 billion. Of course, at first glance, the initial beneficiary is likely to be Fuji Xerox Towers, owned by City Developments (CDL), which is being torn down. Even without the benefit of...

Investors have often wondered why seemingly undervalued stocks never seem to get off the ground. Hongkong Land is a prime example of this. Why can’t the stock price narrow the discount between its price and its net asset value (NAV)? In March this year, CapitaLand’s management gave the market a...

A t $1.11, Yanlord Land Group is at a one-year low. During the Covid-19 sell down in March last year, Yanlord fell to as low as 91 cents. At its current level, Yanlord is trading at a fraction of its net asset value (NAV) at 0.33 times. Even allowing for its assets being mainly in China (except for ...

The Straits Times Index has been hit by the sell-in- May- and-go-away trend. It appears, however, that after falling almost 145 points week-on-week, the index may actually find support shortly, at the confluence of a support area at 3,050 and its 100-day moving average at 3,040. The original breakou...

THE following companies saw new developments that may affect trading of their securities on Tuesday:

PROPERTY Group Hong Fok Corporation, whose shares have spiked on a bullish commentary in The Straits Times (ST), on Monday evening said that contrary to what was written in the article, there was no current intention by the board to explore or undertake any privatisation or delisting.

SHARES of property developer Hong Fok Corporation rose 24.7 per cent or S$0.175 to S$0.885 on Thursday, with 26.7 million shares changing hands.

SHARES of property developer Hong Fok Corporation rose as much as 26.1 per cent or 18.5 Singapore cents to reach an intraday high of 89.5 cents as at 4pm on Thursday, from their close at 71 cents on Wednesday. At that point, 22.1 million shares had changed hands.

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