Weekly Newsletter - 27 Feb 2022
28 Feb, 2022
Category: Newsletter
Tags: Newsletter
New owner for London landmark building, Toyota Financial now owns Singapore largest second hand car market platform
Here's what we have for the week
New owner for London landmark building, Toyota Financial now owns Singapore largest second hand car market platform
Significant Event
- Toyota
Financial Services is acquiring sgCarMart from Singapore Press Holdings
for SGD 150 million. The company commands a 70% market share for
Singapore's second-hand car market.
- Gamuda
Bhd, Malaysia's largest construction company had won an SGD 467 million
contract to build part of Singapore’s 29km Cross Island Line Phase 1.
Real Estate Industry
- Axis
Reits is adding another property located at i-Park, Kulai to its
portfolio.
- LHN
Ltd, the parking space operator is acquiring a new property located at
River Valley Road to be operated as a Co-living space.
- CDL
Hospitality Reit acquired Hotel Brooklyn located in Manchester, UK for GBP
22.8 million.
- Singtel
will be redeveloping its Comcentre headquarters on Orchard Road.
- Ho Bee
Land is acquiring Lime Street in London, popularly known as "The
Scalpel" for GBP 718 million.
Users can get access to all the major transactions of offices, lands, and
factories via this tool.
Cash Call/ Debt restructuring
- AirAsia
X is raising RM 116 million via rights issue @ RM 0.28 per share and
RM50 million via a share subscription from new investors.
- Mega Sun
City Holdings is planning to raise RM5.36 million through a private
placement of up to 56.7 million new shares or 10% of its total issued
shares.
Company Expansion Plan
- Berjaya
Food is planning to invest RM300mil over the next three years for store
expansion, including 16 new Starbucks stores.
- Axiata Group
had earmarked a higher capital expenditure of RM7.1bil this year mainly to
expand its mobile operation in Indonesia and Bangladesh.
Users can filter the companies' activities via industry or nature of activities
via using our tool for Malaysia companies and Singapore companies via the link.
Daily Insights
- The cultural division line of Europe clearly shows why
Ukraine is destined to be fragmented.
- Besides
being the Grain basket of Europe, Ukraine is also a major ore production country.
- How the hedge funds are placing their trade to benefit
from the Russia Ukraine conflict.
- The agenda of Wallstreet has been achieved.
News we are reading
- Russian
Ukraine conflict
- Singapore
won't displace Hong Kong as a financial center. Singapore has the upper
hand when it comes to attracting regional wealth, but HK has a clear
advantage on trading volume, IPO size, and friendliness to foreigners. (Washington Post)
Trades we are monitoring
- Short
unprofitable tech stocks
_______________________________________________________________
What we are thinking
美国没有为乌克兰而出击,这对俄罗斯来说将是巨大的地缘政治胜利,对美国来说将是巨大的耻辱。
这将标志着美国在东欧及其他地区的势力衰落,就像英国丢失苏伊士运河标志着大英帝国在中东及其他地方的终结一样。其影响将远远超出这些损失。比如,苏伊士运河事件标志着英镑作为世界储备货币的终结。
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