Chip Eng Seng (OVERWEIGHT; Target Price: S$0.49) Management foresight and experience led to changes in Chip Eng Seng’s (CES) land acquisition strategy towards amassing commercial land for development for investment and steering away from acquiring land for residential property development for sale. Besides Singapore, CES is also actively sourcing...
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by Ernie B. Calucag SGX-listed developer Sim Lian Group has launched a new executive condominium project in Tampines Central 7. The Tampines Trilliant is a 670-unit project located on site of an approximately 236,805 square feet. The 12-block development features three-bedroom, three plus utility, four-bedroom units and penthouses. Home...
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Source: Reuters The bubble may have burst in the Bordeaux market, but new Asian collectors are seeking diversity and in some cases even choosing second growth Bordeaux for value, said Robert Sleigh, head of Sotheby’s Asian wine department. Global economic uncertainty has hit the Asian wine market, with demand...
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Aztech Group (Not Rated) Aztech first proposed to diversify out of the electronics business, where it was doing fairly well between 2006 and 2008 with an earnings base of S$15-20 million. In 2009, it ventured into the marine transport and supply of construction materials business after buying a fleet...
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Click Here to View Photo Gallery The name “Cassia” certainly does not resonate with a Chinese restaurant. You may think that it is either a Western or fusion restaurant. Cassia is actually a high-end fine dining Chinese restaurant located at the six-star luxurious Capella Singapore in Sentosa. Perhaps a...
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Source: Reuters Starwood Hotels & Resorts, said it will open about 20 additional hotels in India by 2015, as it scales up presence in Asia’s third-largest economy. International hotel companies like Starwood and Marriott International Inc are keen to tap into the opportunity that an emerging middle class in...
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Boustead Singapore (BUY; Target Price: S$1.32) On 21 January 2012, Boustead Singapore entered into a proposed subscription agreement to purchase 50 million new shares in OM Holdings Limited (OMH), an ASX-listed company engaged in manganese mining operations in Australia, China and Singapore. Boustead sees a strengthening of the relationship...
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Source: Reuters The pieces unveiled by Switzerland’s luxury watchmakers at the Geneva watch fair harked back to bygone eras with classic shapes, roman numerals and a good dash of gold to lend a sheen to troubled economic and political times. “The high-end watch industry has a duty to make...
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by Ernie B. Calucag Watertown, Singapore’s first integrated waterfront residential and retail development, was unveiled to the public on Tuesday. Nestled at the heart of the new Punggol Central and along the banks of the Punggol Waterway, the 992-unit development comprises suites, SOHO apartments, sky patios, and residences. It...
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Ascendas REIT (HOLD; Target Price: S$2.14) A-REIT’s operational performance in 3Q12 was in line with expectations. 9MFY12 earnings formed 76 per cent of our forecasts. Portfolio occupancy remained steady at 95.6 per cent, with a slight sequential dip after the consolidation of recently acquired Corporation Place (79.6 per cent...
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