Thursday, November 15, 2018

Keppel Infrastructure Trust to acquire Ixom

Keppel Infrastructure Trust to acquire Ixom

 • Acquisition of one of the leading players in chemicals manufacturing and distribution in Australia and New Zealand extends KIT’s capabilities in the industrial infrastructure space • Provides long-term stable cash flows underpinned by multiple core infrastructure assets and a well-positioned network of infrastructure, increasing DPU stability for Unitholders • Acquisition is expected to be DPU yield accretive • Strengthens KIT’s portfolio and increases AUM to S$5.1 billion


Singapore, 15 November 2018 – Keppel Infrastructure Fund Management Pte Ltd (“KIFM”), in its capacity as Trustee-Manager of Keppel Infrastructure Trust (“KIT”), is pleased to announce that through its wholly-owned subsidiary, it has entered into a share sale agreement with certain funds managed by Blackstone and certain management sellers for the proposed acquisition of a 100% interest in Ixom HoldCo Pty Ltd (“Ixom”). The enterprise value for Ixom is A$1,100 million1 (approximately S$1,097 million2).
 Ixom (together with its subsidiaries, “Ixom Group”) is amongst the leading industrial infrastructure businesses in Australia and New Zealand, supplying and distributing water treatment chemicals which are key to fundamental industries, as well as industrial and specialty chemicals. The Ixom Group manufactures and distributes water treatment chemicals, such as liquefied chlorine, chlorine derivatives and caustic soda (chlor-alkali). The Ixom Group is the sole manufacturer of liquefied chlorine in Australia, as well as a leading provider of manufactured caustic soda. The Ixom Group is also one of the largest bulk and packaged chemical distribution businesses in Australia and New Zealand dealing in chemicals such as sulphuric and nitric acids. The chemicals manufactured and distributed by the Ixom Group are fundamental components used in a range of industries, which have favourable demand outlooks, including water treatment, dairy and agriculture, mining, construction and nickel refining. 
 Underpinning the Ixom Group’s business is a large network of well-positioned infrastructure. This includes chlor-alkali manufacturing facilities and bulk storage sites in key regions across Australia and New Zealand that support the Ixom Group’s import and distribution activities.
 

Monday, January 22, 2018

MapleLogistics 3Q FY2017/18

Revenue                                     = $98,222K
NPI                                            = $83,023K
Amount Distributable to Shrs   = $58,294K
DPU                                          = 1.907 cents
Total Debt                                  - $2,399m
NAV                                          = $1.05
Avg leverage ratio                     = 37.8%
Avg debt duration                      = 4,6 years
Interest Cover                            = 5.5X

Friday, December 29, 2017

Portfolio Closing as at 29 Dec 2017

STI closed at 3402.02.

DBS  ($24.85)
UOB ($26.45)
SPH   ($2.65)
SingTel ($3.57)
StarHub ($2.85)
CityDev ($12.49)
SP Ausnet ($1.89)
Keppel Infra Trust ($0.575)
Olam ($2.03)
Wilmar ($3.09)
SIA ($10.67)
Keppelcorp ($7.35)
SembCorp ($3.03)
SIA Engineering ($3.13)
CDL Trust ($1.69)
AsiaPay TV Trust ($0.59)
Capital China Trust ($1.62)
Ascendas India Trust ($1.15)
Lippo Malls Trust ($0.40)
SuntecReit ($2.15)
OUE Comm Trust ($0.72)
StarHillGlobal Reit ($0.775)
MapleLogistics Trust ($1.32)
M1 ($1.78)
SATs ($5.20)
First Reit ($1.39)
KReit ($1.26)
Accordia Golf Trust ($0.685)
SoilBuild Trust ($0.67)
HPH Trust ($0.55)
AscotReit($1.22)
SingPost ($1.24)
Comfortdelgro ($1.98)
Noble ($0.20)
Dutech ($0.34)
Ezion (Suspended)
OCC 5.1%NCPS 100 ($102.75)
DBS$800M4.7%NCPS ($106.20)

Monday, October 9, 2017

Potential Cash Offer for Millenium & Copthorne Hotels pls

The Board of Directors of City Developments Limited(the “Company”) wishes to announce that the Company and the independent non-executive directors of Millennium & Copthorne Hotels plc (the “Target”), a 65.204%-subsidiary1 of the Company listed on the Main Market of the London Stock Exchange (“LSE”), have jointly released an announcement (the “Joint Announcement”) on the LSE todayin relation to a possible cash offer to be made by Agapier Investments Limited, a wholly-owned subsidiary of the Company, for the Target. A copy of the Joint Announcement is attached as an Appendix to this announcement.

Tuesday, August 22, 2017

ComfortDelgro Strategic Alliance With Uber?


ComfortDelGro Corporation Limited (the "Company") wishes to announce that the Company has signed an exclusivity letter with Uber Technologies, Inc. ("Uber") for exclusive discussions in relation to forming a potential strategic alliance between the Company and Uber, which may include collaboration in relation to management of fleet vehicles and booking software solutions in Singapore, including the Company’s taxis also being made available on Uber’s app ("Potential Strategic Alliance”). The Company believes that the Potential Strategic Alliance will strengthen the Company's position as a major mobility service provider in Singapore.

There is no certainty or assurance that such discussions between the Company and Uber will result in any definitive agreement or transaction or lead to a consummation of the Potential Strategic Alliance. The Company will, in compliance with its obligations under the Listing Manual of the SGX-ST, make an appropriate announcement in the event that there is any material development in relation to the Potential Strategic Alliance. In the meantime, shareholders of the Company are advised to exercise caution when dealing in the shares of the Company and to refrain from taking any action in respect of their shares which may be prejudicial to their interests, and to exercise caution when dealing in the securities of the Company as there is no certainty or assurance as at the date of this announcement that any definitive agreements will be entered into in relation to the Potential Strategic Alliance. Shareholders should consult their stockbrokers, bank managers, solicitors, accountants or other professional advisers if they have any doubt about the actions that they should take.

Thursday, August 3, 2017

LMIRT 2QFY2017

Revenue                                 = $49,886,000
NPI                                         = $46,823,000
Distributable Income             = $25,403,000
DPU                                       = 0.90 cents
NAV                                       = 37 cents
Gearing                                   = 30.6%
Occupancy                              = 94.3%
Total Debt                               = $650.7m

Wednesday, August 2, 2017

OUE COMM Reit 2QFY2017

Revenue                          $44.2m
NPI                                  $34.8m
Amount Avail For Dist   $17.8m
DPU                                1.15 cents
NAV                                86 cents
Gearing                            36.4%
Total Debt                       $1151m
Avg Cost Of Debt            3.4%
Avg Term Of Debt           3.1 years
Interest Cover                   3.3 years