ARA Asset Management (ARAM.SI) said on Monday it plans to launch a real estate investment trust in Singapore that will comply with sharia, or Islamic, principles.
Posts Tagged ‘singapores’
Singapore’s stock rally can last 6-8 more months, says CIMB
December 7th, 2009 |
No Comments
Singapore stock market’s post-recession rally still has 6–8 months to go, judging from historical performance, says CIMB.
And the investment bank has chosen property, commodities, conglomerates as favourite sectors heading into 2010. Top stock picks include Golden Agri-Resources (E5H.SG), Noble Group (N21.SG), Sembcorp Industries (U96.SG), UOB (U11.SG), CapitaMalls Asia (JS8.SG).
Singapore’s Tiger Airways taps banks for IPO
December 3rd, 2009 |
No Comments
Singapore budget carrier Tiger Airways, 49-percent owned by Singapore Airlines (SIAL.SI) and other investors including Temasek (TEM.UL), has tapped three banks for an initial public offering expected in January, sources said on Thursday.
The IPO will finance the 50 Airbus A320s that Tiger has ordered, two sources familiar with the deal said.
Singapore’s rich optimistic on property prices, survey finds
December 3rd, 2009 |
No Comments
Singapore’s rich are among the most optimistic of global investors on real estate, expecting the value of their property holdings to rise in the next two years, according to a survey.
Fifty-three percent of Singapore investors forecast prices to increase, more than the 49% of respondents globally, the survey by Barclays Wealth and the Economist Intelligence Unit found. The survey of 2,000 people with investable assets of more than US$800,000 ($1.1 million) was taken in August and September.