For Institutions
About
UOB Kay Hian forecasts that Singapore's construction sector will outperform due to strong demand, with annual construction demand averaging $30b to $40b. The sector is supported by public projects like the Deep Tunnel Sewerage System and new MRT lines. UOB has maintained an overweight call on the sector, citing improved valuations and strong orderbook positions. Key picks include Centurion, Reclaims Global, and Tiong Woon. Risks include labor shortages and cost inflation.
Jan 14 (Reuters) - Shanaya Ltd (SHAA.SI) :* ENTRY INTO BINDING TERM SHEET FOR THE PROPOSED ACQUISITION OF 60% OF HUP LEE LEONG ENVIRO PTE LTD* CONSIDERATION FOR ACQUISITION IS S$1.8 MILLION Further company coverage: (SHAA.SI)
Dec 1 (Reuters) - Reclaims Global Ltd (RECL.SI) :* PROPOSED ACQUISITION OF ALL SHARES OF A COMPANY OWNING A FREEHOLD COMMERCIAL PROPERTY IN SINGAPORE* PURCHASE CONSIDERATION OF S$38.8 MILLION Further company coverage: (RECL.SI)
Reclaims Global announced the acquisition of 100% equity in Lasidon Holdings for 38.8 million yuan, purchasing a commercial building located at 291 Shilonggang Road. The building is near the Hualagang Park subway station, has six floors and an underground parking lot, with a total area of 506.8 square meters. Reclaims Global plans to redevelop the building to improve efficiency and increase rentable space, expecting to benefit from capital appreciation and rental income
Nov 20 (Reuters) - Reclaims Global Ltd (RECL.SI) :* UNIT AWARDED CONTRACT IN CONSTRUCTION INDUSTRY AMOUNTING TO S$15.5 MILLION* CONTRACT FOR SUPPLY OF LABOUR AND MACHINERIES FOR EARTHWORKS AND DISPOSAL WORK Further company coverage: (RECL.SI)