MARKET UPDATES & STOCK RECOMMENDATION
In Singapore rental rates are expected to grow at c.5% pa as there is strong demand for retail space.
Australia’s Federal Treasurer has conditionally approved a foreign investment application from State Grid Corporation of China (State Grid) to acquire 19.9
per cent of SP AusNet and 60 per cent of SPI (Australia) Assets Pty Limited and SPI (Australia) Trust (trading as Jemena), according to a release from the Singapore Exchange-listed SP AusNet. State Grid Corporation of China will acquire the 19.9% stake in SP AusNet from Singapore Power International Pte Ltd.
CTPartners said in a release that IT spending in the Asia Pacific region is forecast to reach US$767 billion in 2014, a 5.5 percent increase from 2013, as new opportunities arise from the digital world.
In an announcement to the Singapore Exchange, the Board of Directors of Hisaka Holdings Ltd. Announced that it has entered into a conditional sale and purchase
agreeement (SPA) for the proposed acquisition by the company of the entire issued and paid-up share capital of Regal International Holdings Pte. Ltd.
DBS GROUP HOLDING
BUY DBS GROUP HOLDING ABOVE 16.780 TG 16.860,
16.960, 17.080 SL 16.680
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