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


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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