Asia Ex-J Consumer/ Transport analyst

Valerie Law, CFA

Thematic (Sector/Industry)

In the recent release of The Committee On Future Economy (CFE) Report, the Singapore government brought up a few key trends that are affecting Singapore's economy, in particular: i) subdued global growth to continue in the next few years ii) rapid technological changes that can give way to new global value chains and production patterns  iii) Political uncertainties with the rising support for protectionism Below is the summary of seven key strategies presented by the Committee:1. Deepen and…

In the recent release of The Committee On Future Economy (CFE) Report, the Singapore government brought up a few key trends that are affecting Singapore's economy, in particular: i) subdued global growth to continue in the next few years ii) rapid technological changes that can give way to new global value chains and production patterns  iii) Political uncertainties with the rising support for protectionism  Below is the summary of seven key strategies presented by the Committee:1. Deepen and…

Singapore: Top Ten Words in CFE Report Highlight the Future of Education

Chairman, sgtradex

Tan Chin-Hwee

Chairman

<figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/019/992/original/Pisatest.jpg?1485928080" class="editor-image img-responsive" data-smartkarma-image-id="19992"></figure><div class="content-caption">By Theo Müller - Own work, <a href="https://commons.wikimedia.org/w/index.php?curid=837159" target="_blank">CC BY-SA 2.5</a>
</div>I was excited to read about Singapore's top ranking in the Pisa (<a href="https://en.wikipedia.org/wiki/Programme_for_International_Student_Assessment" target="_blank">Programme for International Student Assessment</a>) tests and the perfect score of our IB (International Baccalaureate) achievers.We should be proud of what we have achieved in such a short time as a country. Our position among the best today in educational terms is the result of the hard work and leadership of the Singapore Government and teachers. There are not many things from Singapore that…

By Theo Müller - Own work, CC BY-SA 2.5
I was excited to read about Singapore's top ranking in the Pisa (Programme for International Student Assessment) tests and the perfect score of our IB (International Baccalaureate) achievers.We should be proud of what we have achieved in such a short time as a country. Our position among the best today in educational terms is the result of the hard work and leadership of the Singapore Government and teachers. There are not many things from Singapore that…

Singapore's Education System Must Embrace the Frontier Beyond Academic Achievement

Freelance Research Analyst

Tay Hock Meng

Developers managed to sell 384 new units, excluding executive condominiums (ECs) in December 2015, compared to 759 units in November 2015, and 230 units in December 2014. Including ECs, developers sold a total of 508 new units in December 2015, compared to 945 new units in November 2015, and 406 new units in December 2014. The December 2015 results brings the total number of new private residential units sold by developers to around 7,460 to 7,490 in 2015, about 2% higher than 2014 (Comprehensive property sales results for 4Q and whole of 2015  is scheduled to be released by the government on January 22, 2016).

Developers managed to sell 384 new units, excluding executive condominiums (ECs) in December 2015, compared to 759 units in November 2015, and 230 units in December 2014. Including ECs, developers sold a total of 508 new units in December 2015, compared to 945 new units in November 2015, and 406 new units in December 2014. The December 2015 results brings the total number of new private residential units sold by developers to around 7,460 to 7,490 in 2015, about 2% higher than 2014 (Comprehensive property sales results for 4Q and whole of 2015  is scheduled to be released by the government on January 22, 2016). 

Global Special Situations

Charles Nave

Event-Driven

Shortly we will see the circular regarding Parkson Retail's acquisition of a 67% stake in PRA SP from Parkson Holdings Bhd &nbsp;(PKS MK).Before such time it's important to review how this transaction will look to&nbsp;long only holders of Parkson Retail and those looking at the arb.

Shortly we will see the circular regarding Parkson Retail's acquisition of a 67% stake in PRA SP from Parkson Holdings Bhd &nbsp;(PKS MK).Before such time it's important to review how this transaction will look to&nbsp;long only holders of Parkson Retail and those looking at the arb.

Parkson Retail (3368 HK):  Birth of a HoldCo

Parkson Holdings (PKS MK) have announced another corporate action / streamlining of their structure following the listing of Parkson Retail Asia's (PRA SP's) in late 2011.In a nutshell, we see PKS MK selling their 67% stake in PRA SP to their 53% owned Parkson Retail Group (3368 HK).&nbsp;I love the cleaner structure, however, am&nbsp;not entirely convinced they will put the cash to good use. &nbsp;I am also unconvinced that their unlisted operations will drive any meaningful return in the near future. &nbsp;Hence, would not expect any material uplift in the share price over the short-medium term.

Parkson Holdings (PKS MK) have announced another corporate action / streamlining of their structure following the listing of Parkson Retail Asia's (PRA SP's) in late 2011.In a nutshell, we see PKS MK selling their 67% stake in PRA SP to their 53% owned Parkson Retail Group (3368 HK).&nbsp;I love the cleaner structure, however, am&nbsp;not entirely convinced they will put the cash to good use. &nbsp;I am also unconvinced that their unlisted operations will drive any meaningful return in the near future. &nbsp;Hence, would not expect any material uplift in the share price over the short-medium term.

Parkson Holdings (PKS MK):  If Lion Group Roar and Nobody Hears it, Does it Make a Sound?

Singapore

Parkson Retail Asia Ltd. is a Southeast Asia-based department store operator with stores (including a supermarket) across Malaysia, Vietnam and Indonesia. The Stores offer a wide range of branded products.

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Parkson Retail Asia (PRA SP)

Singapore: Top Ten Words in CFE Report Highlight the Future of Education

In the recent release of The Committee On Future Economy (CFE) Report, the Singapore government brought up a few key trends that are affecting...

Valerie Law, CFA

Singapore's Education System Must Embrace the Frontier Beyond Academic Achievement

I was excited to read about Singapore's top ranking in the Pisa (Programme for International Student Assessment) tests and the perfect score of our...

Tan Chin-Hwee

Modest Rise in New Home Sales in 2015

Developers managed to sell 384 new units, excluding executive condominiums (ECs) in December 2015, compared to 759 units in November 2015, and 230...

Tay Hock Meng

Parkson Retail (3368 HK): Birth of a HoldCo

Shortly we will see the circular regarding Parkson Retail's acquisition of a 67% stake in PRA SP from Parkson Holdings Bhd (PKS MK).Before such...

Charles Nave

Parkson Holdings (PKS MK): If Lion Group Roar and Nobody Hears it, Does it Make a Sound?

Parkson Holdings (PKS MK) have announced another corporate action / streamlining of their structure following the listing of Parkson Retail Asia's...

Charles Nave

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