Frasers Logistics & Commercial Trust (FLCT) has acquired a freehold logistics property at West Road, Hooton Park Airfield, Ellesmere Port in Cheshire, North West England in the UK from leading UK developer, Stoford Properties.The property was acquired by FLCT Ellesmere Trustee 1 Limited and FLCT...

A look at Singapore-based CSE Global’s web page and the first impression one might get is that its fortunes are tied to the oil and gas industry. But that is not the full picture, counters group managing director and CEO Lim Boon Kheng in an interview with The Edge Singapore.For some years, the sy...

UOB Kay Hian (UOBKH) has reinitiated coverage on ST Engineering (STE) with a “buy” call and a target price of S$4.60 on the belief that STE’s defence and public security portfolio is set to grow along with Singapore’s defence spending. 

UOB Kay Hian has re-initiated coverage on Singapore Technologies Engineering (ST Engineering) with a “buy” recommendation and a target price of $4.60.“Our target price implies 23.5x FY2023 P/E, or 1.3 standard deviation above its historical average. This is plausible as ST Engineering’s stro...

In an anecdotal example of how air travel has resumed, CGS-CIMB’s Lim Siew Khee was bumped off a recent flight back from Europe because of over-booking.“There were also pockets of delays in short-haul flights due to shortage of ground-handling staff in airports, affirming the trend of robust rec...

DBS Group Research analyst Jason Sum has downgraded his recommendation on SATS to “hold” from “buy” after the group saw red again in the 4QFY2022 ended March.Sum has also lowered his target price to $4.50 from $4.90 previously as the food solutions and gateway services provider is likely to ...

MAYBANK Securities on Tuesday (May 31) initiated coverage on ST Engineering (ST Engg) with a “buy” call and a target price of S$4.75. 

CGS-CIMB Research analysts Lock Mun Yee, Lim Siew Khee, as well as the Singapore research team are advocating investors stay defensive in the near-term.“We expect the market to remain volatile with increased external risks,” the analysts write in their strategy note dated May 26.With this, the a...

RHB Group Research Shekhar Jaiswal has kept a “buy” rating on ST Engineering with a target price of $4.80.For 1QFY2022 ended March, ST Engineering reported in-line revenue of $2 billion, some 13% higher y-o-y, with all segments - commercial aerospace (CA), urban solutions & satcoms (USS) and...

RHB Group Research analyst Shekhar Jaiswal reiterates a barbell portfolio strategy recommendation with a mix of growth and defensive Singapore equities for 2QFY2022 amid the country’s reopening of international borders and the domestic economy.Although the reopening as well as the government’s a...