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SG Hospitality -
OCBC Investment 2017-03-28: Jan RevPAR declines for Economy to Upscale tiers.

According to the Singapore Tourism Board (STB), Jan 2017 tourist arrivals increased 4.8% YoY as Chinese arrivals jumped 38.2% YoY.

The luxury segment posted a substantial increase of 15.4% YoY in Jan RevPAR. In comparison, Jan RevPAR for the Upscale, Mid-tier, and Economy segments changed -1.0%, -10.8%, and -8.9% YoY respectively.


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#YangzijiangShipbuilding -
OCBC Investment 2017-03-28: Still keen on investments.

Yangzijiang Shipbuilding #YZJ recently announced that one of its subsidiaries had subscribed for 30% equity interest in Jiangsu Nantong Yanhai Emerging Industrial Investment Fund with an authorized share capital of up to RMB300m.

In Jan this year, a unit of YZJ also subscribed for a 32.8% equity interest in Wuxi Jinrui Zhonghe Investment Enterprise for RMB196.8m. 

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#YomaStrategic -
RHB Invest 2017-03-28: Refuelling For The Next Leg.

Yoma offers investors the best proxy to invest in #Myanmar with a strong and diversified business model.

Recent quarterly results have been a mixed bag reflecting a sluggish real estate market caused by uncertainty over new regulations governing foreign buying. However, we see these as hiccups in a long structural uptrend driven by urbanisation, foreign direct investments and financial sector liberalisation. 

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#SingaporeExchange -
CIMB Research 2017-03-27: CEO scorecard.

This Jul marks two years since CEO Loh Boon Chye took the helm at #SGX.

We see improved market liquidity, better retail participation, healthier pipeline of IPOs, better cost management and a more targeted business focus. Larger M&As could be on the cards. Acquiring a market data or index business could provide the next leg up for earnings amid unpredictable stock market volumes.

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#SingaporeAirlines -
OCBC Investment 2017-03-27: Strong load factors in February.

Singapore Airlines’ (#SIA) Feb 17 operating results saw passenger traffic growth outpacing passenger capacity growth strongly resulting in a solid 3.2ppt YoY improvement in passenger load factor (PLF) to 80.6% for its parent airline.

PLF of #SilkAir and #Scoot fell 0.9ppt and 1.7ppt to 73.1% and 85.1%, respectively, while #TigerAir’s PLF increased 1.4ppt to 83.0%.


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Telecommunications – Singapore -
UOB Kay Hian 2017-03-27: Assessing Threats From #TPGTelecom.

While the entry of TPG Telecom as the #4thTelco will increase competitive intensity within the mobile space, this risk is offset by potential consolidation of the mobile industry over the next 3-5 years. Maintain OVERWEIGHT.

Re-iterate BUY for #Singtel with a target price of S$4.53. HOLD #StarHub as share price has bottomed.


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#JumboGroup (JUMBO SP) -
UOB Kay Hian 2017-03-28: Expands Into Beijing.

Jumbo Group has entered into a JV with Beijing Hualian Departmental Store (BHDS) to open the first Jumbo Seafood restaurant in Beijing, China.

Vietnam is Jumbo’s second foray into the franchising business after its failure in Indonesia in 1995. If Jumbo can find the right partners this time round, this could be start of group becoming a truly regional brand. 

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#CapitaLand -
RHB Invest 2017-03-27: Boosting Recurring Income Stream.

Media sources have reported that CapitaLand is currently in exclusive negotiations to acquire Asia Square Tower 2 from Blackrock.

The deal if concluded, would strengthen Capitaland's recurring income base and strategically position it ahead of a potential rebound in the office sector.



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#ComfortDelGro -
OCBC Investment 2017-03-27: Adapting to changing environment.

After numerous taxi companies including ComfortDelGro (CDG) earlier this year submitted plans to the Public Transport Council as they seek to introduce dynamic pricing of taxi fares, PTC and Singapore’s Land Transport Authority (LTA) on 17 Mar gave the green light.

We believe this move will further level the playing field between taxi companies and private hire car service providers by closing the gap between the different fare structures. 

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#BousteadProjects Limited -
CIMB Research 2017-03-24: Building projects runway.

Boustead Projects (BP) is a reputable high-spec facilities designer and builder behind big names such as Rolls Royce, Airbus, Applied Materials and GSK.

It also has a portfolio of 18 leasehold facilities to counter construction cyclicality, generating c.S$20m operating cashflow p.a or c.60% of group’s EBITDA.

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