MARKET UPDATES :
- OLAM International’s five-year S$400 million bond issue got strong demand from private bank clients, said DBS Bank on Wednesday.The issue by the Temasek Holdings’ subsidiary received orders exceeding S$1.7 billion, from 102 accounts and was priced at 4.25 per cent.
- THE Singapore Exchange (SGX) continues to maintain a niche position in Southeast Asia’s initial public offer (IPO) market, with its traditional strength in real estate investment trusts (REITs) and mineral, oil and gas (MOG) listings,
- DORMITORY operator Centurion Corporation is proposing to buy £77 million (S$164.5 million) worth of UK student accommodation assets in Manchester and Liverpool with a total of 1,906 beds. The properties comprise Manchester Student Village, Manchester Student Village South and The Grafton in Manchester, and Cathedral Campus in Liverpool,
STOCK RECOMMENDATION :
- BUY HONGKONG LAND ABOVE 6.750 TG 6.810, 6.880, 6.980 SL 6.650