|Bid||9.17 x 0|
|Ask||9.18 x 0|
|Day's range||8.71 - 9.19|
|52-week range||6.11 - 11.51|
|Beta (5Y monthly)||1.29|
|PE ratio (TTM)||15.75|
|Earnings date||14 Aug 2020 - 15 Aug 2020|
|Forward dividend & yield||0.08 (0.91%)|
|Ex-dividend date||03 Jul 2020|
|1y target est||11.48|
* Lack of detail about trade talk progress weighs on sentiment * Malaysian palm oil exports to meet EU standards by 2021 * Singapore falls to near 3-week low, Jardine Matheson down By Arundhati Dutta Nov 19 (Reuters) - Most Southeast Asian stock markets fell on Tuesday as lack of significant progress in U.S.-China trade talks kept investors on the edge, while Malaysia slipped after the government announced new food safety standards for its vital palm oil industry. "The trade-talks are starting to look more like an iceberg, and not a lighthouse," Jeffrey Halley, senior market analyst for Asia Pacific at OANDA said in a note. The closer markets were getting to the looming Dec. 15 deadline, when a new set of U.S. tariffs on Chinese imports will kick in if a deal is not met, the more lonely equity markets are starting to look, he added.
* Philippines closes at 4-week low, down 0.7% * Singapore exports shrink for eight straight month in October * Thailand expands at slowest quarterly pace in a year in Q3 By Arundhati Dutta Nov 18 (Reuters) - Singapore and Thailand markets rose on Monday on hopes of stimulus measures following weak data from both countries, while other regions were mixed amid lack of concrete evidence on the progress in Sino-U.S. trade talks. Data on Monday showed Singapore's exports shrank for the eighth straight month in October, with the country's important electronic shipments steeply falling amid the trade dispute. "Instead of a short-term stimulus package, the government will more likely roll out a robust fiscal budget early next year." The index advanced 0.5%, with shipbuilder Yangzijiang Shipbuilding (Holdings) rising 8% and real estate operator City Developments Ltd adding 2.5%.
* Investors watch for signs of thaw in the U.S.-China trade war * Indonesia set to snap eight sessions of gains * Singapore marks worst session in two weeks By Sameer Manekar Oct 23 (Reuters) - Southeast Asian stock markets dropped on Wednesday, with the Philippines leading declines, on prolonged U.S.-China trade spat and as investors locked in profits following a recent rally. Investors are also closely watching for signs of a thaw in the U.S.-China trade war, which has cast a shadow over financial markets and global economic growth. An exclusive Reuters report that one of the U.S. advisers to U.S. President Donald Trump on trade talks with China will leave government could introduce some uncertainty about future trade talks.
* Markets had hoped Beijing would provide further monetary support * Indonesia rises ahead of cenbank policy meet on Oct 24 * Malaysia set to decline for a third consecutive session By Sameer Manekar Oct 21 (Reuters) - Most Southeast Asian stock markets dipped on Monday as China, the region's biggest trading partner, unexpectedly kept its benchmark lending rate unchanged, trimming hopes of further stimulus measures from the world's second-largest economy. The decision to keep the benchmark lending rate steady came just days after China reported its third-quarter gross domestic product growth cooling to a nearly 30-year low. "Market is getting in the frame of mind here that the People's Bank of China is not going to come riding in to the rescue," said Stephen Innes, market strategist at AxiTrader.
SINGAPORE (Oct 18): Credit Suisse is resuming coverage of City Developments with an ‘outperform” call and a target price of $11.60. While CDL is the developer with the largest residential land bank locally, Credit Suisse believes it has successfully de-risked its residential exposure. Although Singapore’s tepid residential outlook of late has capped CDL’s re-rating potential, there is growing evidence of a sustainable recovery and that should drive a re-rating of the stock.
Foreigners are once again pouring money into Singapore's high-end property market despite hefty levies introduced last year. Some of the Chinese investors are apparently buying into these luxury homes in the city state as a safety bet against the U.S.-China trade war.
City Developments Ltd (CDL) will hold an exclusive private preview of the 188-unit Haus on Handy this Saturday, June 29. The project is located on Handy Road, within a two-minute walk of the Plaza Singapura shopping mall, which is linked to the Dhoby Ghaut MRT interchange station for the North-South, North-East and Circle Lines. The 188-unit Haus on Handy has two residential blocks of 9- and 12-storeys (Credit: CDL).
** Salesforce.com Inc agreed to buy big data firm Tableau Software Inc for $15.3 billion, adding muscle in its fight with Microsoft Corp for a bigger share of the market that helps businesses target customers with tools to analyze and visualize data. ** Dallas Cowboys owner Jerry Jones strengthened his company Comstock Resources Inc's grip on one of the largest natural gas basins in the United States with a $1.1 billion deal to buy privately held Covey Park. ** Swiss drugmaker Roche's $4.3 billion takeover of U.S. gene therapy specialist Spark Therapeutics has been pushed back again, possibly beyond the first half, as regulators continue to scrutinize the deal for its effect on competition.
Millennium & Copthorne Hotels Plc has agreed to be acquired by majority owner City Developments Ltd (CDL) in a deal that values the British company at 2.23 billion pounds ($2.84 billion), the companies said on Friday. Shares of M&C surged 35% to the top of the FTSE midcap index and were near the offer price of 685 pence per share. The Singapore-listed real estate firm owns a 65.2% stake in M&C, according to Eikon data from Refinitiv.
UPDATED: City Developments (CDL) has launched another takeover bid for Millennium & Copthorne Hotels (M&C). The latest move comes after CDL built up a 65.2% stake in M&C. CDL says the offer price will remain at the pre-conditional final cash offer price of 685 pence ($11.89) per share offer for the remaining 34.8% of M&C not already owned by CDL.