UOB KAYHIAN | OCBC |
CapitaLand Commercial Trust (CCT SP) Acquisition Of Asia Square Tower 2
The proposed acquisition of Asia Square Tower 2 will extend CCT’s footprint into the New Downtown and cement its position as the go-to landlord. While the acquisition is dilutive in the near term, it is expected to be yield-accretive in the future. The transacted price is attractive, with significant revaluation gain potential. Maintain BUY and target price of S$1.90.
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Mapletree Logistics Trust: Subscribe to the
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PHILLIP SECURITIES | |
Micro-Mechanics (Holdings) Ltd High margin, High ROE consumables business SINGAPORE | TECHNOLOGY | INITIATION
A 60%-margin, 30%-ROE consumables business with a 15-year earnings CAGR of 20% Expect strong earnings momentum from current surge in semiconductor industry sales Initiate coverage with a BUY rating and SGD2.00 target price, implying a 35% upside plus dividends.
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