Singapore and emerging market real estate

Royston Foo

Thematic (Sector/Industry)

<p>Developers’ hunger for land has reached another new peak as a consortium comprising <a href="https://www.smartkarma.com/entities/57" target="_blank" data-smartkarma-citation="entities:57:1">City Developments Ltd (CIT SP)</a>  and TID submitted a new record price for an Executive Condominium site at Sumang Walk in Punggol.</p><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/045/846/original/Sumang%20Walk%20Site%20Details.jpg?1519824469" class="editor-image img-responsive" data-smartkarma-image-id="45846"></figure><div class="content-caption">Details of Sumang Walk EC Site</div><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/045/847/original/Location%20of%20site.jpg?1519824509" class="editor-image img-responsive" data-smartkarma-image-id="45847"></figure><div class="content-caption">Location of Sumang Walk Site</div><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/045/848/original/Tenderes.jpg?1519824535" class="editor-image img-responsive" data-smartkarma-image-id="45848"></figure><div class="content-caption">Details of Tenderers</div><p>Below is a summary of the tender bids for the Sumang Walk EC site:</p><ul><li>A consortium comprising City Developments and TID (JV between Hong Leong and Mitsui Fudosan) submitted the highest tender price of S$509.37 mil…</li></ul>

Developers’ hunger for land has reached another new peak as a consortium comprising City Developments Ltd (CIT SP)  and TID submitted a new record price for an Executive Condominium site at Sumang Walk in Punggol.Details of Sumang Walk EC SiteLocation of Sumang Walk SiteDetails of TenderersBelow is a summary of the tender bids for the Sumang Walk EC site:A consortium comprising City Developments and TID (JV between Hong Leong and Mitsui Fudosan) submitted the highest tender price of S$509.37 mil…

Singapore Residential Property – Record Land Price Achieved for an Executive Condominium Site

Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>I tally 23- mostly firm, mostly Asia-Pac - arb transactions currently being discussed and analysed on Smartkarma. Those arbs metrics and upcoming events are detailed below.</li>
<li>Two new deal was discussed on Smartkarma this week: <strong><a href="https://www.smartkarma.com/entities/regis-resources-ltd" target="_blank" data-smartkarma-citation="entities:20106:1" rel="noopener">Regis Resources (RRL AU)</a></strong> / <strong><a href="https://www.smartkarma.com/entities/vault-minerals-ltd" target="_blank" data-smartkarma-citation="entities:46317:1" rel="noopener">Vault Minerals Ltd (VAU AU)</a></strong>'s merger, and <strong><a href="https://www.smartkarma.com/entities/atlantic-lithium-ltd" target="_blank" data-smartkarma-citation="entities:40322:1" rel="noopener">Atlantic Lithium (A11 AU)</a></strong>'s Scheme.</li>
<li>Key updates/news also took place on: <strong><a href="https://www.smartkarma.com/entities/healius-ltd-6d4d947d-ad32-4aea-b2d8-265f5768b55e" target="_blank" data-smartkarma-citation="entities:14208:1" rel="noopener">Healius (HLS AU)</a></strong>, <strong><a href="https://www.smartkarma.com/entities/atlas-arteria-ltd" target="_blank" data-smartkarma-citation="entities:14430:1" rel="noopener">Atlas Arteria (ALX AU)</a></strong>, <strong><a href="https://www.smartkarma.com/entities/humm-group" target="_blank" data-smartkarma-citation="entities:35366:1" rel="noopener">Humm Group (HUM AU)</a></strong>, <strong><a href="https://www.smartkarma.com/entities/guocoland-malaysia-bhd" target="_blank" data-smartkarma-citation="entities:16496:1" rel="noopener">Guocoland Malaysia (GUOL MK)</a></strong>, and <strong><a href="https://www.smartkarma.com/entities/china-shengmu-organic-milk" target="_blank" data-smartkarma-citation="entities:12714:1" rel="noopener">China Shengmu Organic Milk (1432 HK)</a></strong>.</li>
</ul>


I tally 23- mostly firm, mostly Asia-Pac - arb transactions currently being discussed and analysed on Smartkarma. Those arbs metrics and upcoming events are detailed below.
Two new deal was discussed on Smartkarma this week: Regis Resources (RRL AU) / Vault Minerals Ltd (VAU AU)'s merger, and Atlantic Lithium (A11 AU)'s Scheme.
Key updates/news also took place on: Healius (HLS AU), Atlas Arteria (ALX AU), Humm Group (HUM AU), Guocoland Malaysia (GUOL MK), and China Shengmu Organic Milk (1432 HK).


Asia-Pac M&A Weekly Wrap: Regis/Vault, Atlantic Lithium, Atlas Arteria, Humm, China Shengmu

IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

IPOs and Catalysts/Events

Uncompromised, Independent, Conflict-Free Research

Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

<ul>
<li>A weekly summary of key developments across ECM and Event-Driven names tracked by us across Hong Kong, Australia, New Zealand, Singapore, Japan, Indonesia, Malaysia, Thailand, Korea, India and Chinese ADRs.</li>
<li>ECM developments: <em><strong><a href="https://www.smartkarma.com/entities/metis-techbio-co-ltd" target="_blank" data-smartkarma-citation="entities:48022:1" rel="noopener">Metis TechBio (MTB HK)</a></strong></em> has launched an HKEx IPO to raise US$270 million.</li>
<li>Event-Driven developments: <strong><em><a href="https://www.smartkarma.com/entities/kakaku-com-inc" target="_blank" data-smartkarma-citation="entities:7408:1" rel="noopener">Kakaku.com Inc (2371 JP)</a>, <a href="https://www.smartkarma.com/entities/atlantic-lithium-ltd" target="_blank" data-smartkarma-citation="entities:40322:1" rel="noopener">Atlantic Lithium (A11 AU)</a>, <a href="https://www.smartkarma.com/entities/atlas-arteria-ltd" target="_blank" data-smartkarma-citation="entities:14430:1" rel="noopener">Atlas Arteria (ALX AU)</a>, <a href="https://www.smartkarma.com/entities/european-lithium-ltd" target="_blank" data-smartkarma-citation="entities:10716:1" rel="noopener">European Lithium (EUR AU)</a>, <a href="https://www.smartkarma.com/entities/vault-minerals-ltd" target="_blank" data-smartkarma-citation="entities:46317:1" rel="noopener">Vault Minerals Ltd (VAU AU)</a>, <a href="https://www.smartkarma.com/entities/china-shengmu-organic-milk-ltd" target="_blank" data-smartkarma-citation="entities:12714:1" rel="noopener">China Shengmu Organic Milk (1432 HK)</a>.</em></strong>
</li>
</ul>


A weekly summary of key developments across ECM and Event-Driven names tracked by us across Hong Kong, Australia, New Zealand, Singapore, Japan, Indonesia, Malaysia, Thailand, Korea, India and Chinese ADRs.
ECM developments: Metis TechBio (MTB HK) has launched an HKEx IPO to raise US$270 million.
Event-Driven developments: Kakaku.com Inc (2371 JP), Atlantic Lithium (A11 AU), Atlas Arteria (ALX AU), European Lithium (EUR AU), Vault Minerals Ltd (VAU AU), China Shengmu Organic Milk (1432 HK).



Weekly Deals Digest (10 May) - Kakaku, Atlantic Lithium, Atlas, European Lithium, Vault, Shengmu

<ul>
<li>Despite <strong><a href="https://www.smartkarma.com/entities/mitsubishi-pencil-co-ltd" target="_blank" data-smartkarma-citation="entities:3719:1" rel="noopener">Mitsubishi Pencil (7976 JP)</a></strong>'s shoicking governance, unless you are willing to fight it in court (and probably lose), the right thing to do here is buy on weakness.</li>
<li>Assuming <strong><a href="https://www.smartkarma.com/entities/china-resources-power-holdings-co-ltd" target="_blank" data-smartkarma-citation="entities:5385:1" rel="noopener">China Resources Power (836 HK)</a></strong>'s A-share listing of its renewable energy unit unfolds,  there remains material upside here. </li>
<li>Perhaps <strong><a href="https://www.smartkarma.com/entities/ck-hutchison-holdings-ltd" target="_blank" data-smartkarma-citation="entities:132:1" rel="noopener">CK Hutchison (1 HK)</a></strong> now views the (required) high forward spending on VodafoneThree to secure this "golden ticket" no longer makes commercial sense</li>
</ul>


Despite Mitsubishi Pencil (7976 JP)'s shoicking governance, unless you are willing to fight it in court (and probably lose), the right thing to do here is buy on weakness.
Assuming China Resources Power (836 HK)'s A-share listing of its renewable energy unit unfolds,  there remains material upside here. 
Perhaps CK Hutchison (1 HK) now views the (required) high forward spending on VodafoneThree to secure this "golden ticket" no longer makes commercial sense


Last Week In Event SPACE: Mitsubishi Pencil, China Resources Power, CK Hutchison, Guoco

<p>The Singapore Government just announced the Government Land Sales (GLS) Programme for the first half of 2018. Despite the recent collective sales fever and demand for development sites by developers, there was little reaction from the government in response to the situation. Just 6 confirmed list sites and 9 reserve list sites were announced for 1H 2018. These sites could yield about 8,045 new units and 63,960 sqm of commercial space.</p><p>Below is the list of confirmed and reserve List sites:</p><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/040/402/original/1H%202018%20GLS.png?1513140202" class="editor-image img-responsive" data-smartkarma-image-id="40402"></figure><div class="content-caption">First…</div>

The Singapore Government just announced the Government Land Sales (GLS) Programme for the first half of 2018. Despite the recent collective sales fever and demand for development sites by developers, there was little reaction from the government in response to the situation. Just 6 confirmed list sites and 9 reserve list sites were announced for 1H 2018. These sites could yield about 8,045 new units and 63,960 sqm of commercial space.Below is the list of confirmed and reserve List sites:First…

Singapore Residential Property - What To Expect from the 1H 2018 Government Land Sales Programme?

Singapore

GuocoLand is an investment holding company focused on property development, investment, and management across residential, commercial, retail, hospitality, and integrated properties. The company also rents properties, operates hotels, and provides related management and marketing services. Headquartered in Singapore, GuocoLand was incorporated in 1976.

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GuocoLand (GUOL SP)

Singapore Residential Property – Record Land Price Achieved for an Executive Condominium Site

Developers’ hunger for land has reached another new peak as a consortium comprising City Developments Ltd (CIT SP) and TID submitted a new record...

Royston Foo

Asia-Pac M&A Weekly Wrap: Regis/Vault, Atlantic Lithium, Atlas Arteria, Humm, China Shengmu

This insight provides a summary of gross/annualised spreads (on deals discussed on Smartkarma) across Asia-Pacific as at the last trading date, and...

David Blennerhassett

Weekly Deals Digest (10 May) - Kakaku, Atlantic Lithium, Atlas, European Lithium, Vault, Shengmu

A weekly summary of key developments across ECM and Event-Driven names tracked by us across Hong Kong, Australia, NZ, Singapore, Japan, Indonesia,...

Arun George

Last Week In Event SPACE: Mitsubishi Pencil, China Resources Power, CK Hutchison, Guoco

It’s Sunday! Pour yourself a coffee, grab a comfortable seat, and sift through a brief summary of insights on various events discussed during the...

David Blennerhassett

Singapore Residential Property - What To Expect from the 1H 2018 Government Land Sales Programme?

The Singapore Government just announced the Government Land Sales (GLS) Programme for the first half of 2018. Despite the recent collective sales...

Royston Foo

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