$Straits Trading(S20.SG)$
Straits Trading launches private placement to raise S$80.9m, priced at S$3.11 per share
1. The conglomerate-investment company will be issuing 26 million shares, priced at S$3.11 each, "to encourage both institutional and individual share ownership", it said.
2. Net proceeds from the share placement will be used to fund acquisitions and future anticipated growth for the group's businesses in real estate, resources and hospitality, as well as for general working capita...

$ARA LOGOS Log Tr(K2LU.SG)$
ESR-Reit, ARA Logos propose S$1.4b merger
1. THE managers of ESR-Reit ESR-REIT: J91U 0% and ARA Logos Logistics Trust (ARA Logos) ARA LOGOS Log Tr: K2LU 0% have proposed a S$1.4 billion merger, where ESR-Reit will acquire all of ARA Logos' units in exchange for a combination of cash and new units.
2. The proposed merger, which will result in the merged entity being named ESR-Logos Reit, will be effected by way of a trust scheme of arrangement. ARA Logos unitholders will receive a scheme consideration of S$0.95 per ARA Logos unit - comprising S$0.095 in cash and 1.6765 new ESR-Reit units, to be issued at S$0.51 apiece.
3. For illustrative purposes, this means an ARA Logos unitholder will receive S$95 in cash and 1,676 units for every 1,000 ARA Logos units held by the books closure date, to be announced. This implies a gross exchange ratio of 1.863 times.

$Raffles Edu(NR7.SG)$
Raffles Education shares sink as tycoon Oei Hong Leong's letter to the board circulates
1. The stock of mainboard-listed Raffles Education (REC) was hammered to new lows on Monday (Oct 18) as the market got hold of a letter by tycoon Oei Hong Leong to the company's board.
2. The stock dived 26 per cent, or 2.1 cents, to close at 6.1 cents in the wake of a letter from Mr Oei asking why REC's chief executive and founder Chew Hua Seng had caused the company to hire all "adult members of his family at high salaries".
3. In fact, the stock has been under pressure for several months following the company's disclosure that it was issued a writ by Affin Bank amounting to some RM$410 million (S$132.9 million) on an unpaid loan.

$Civmec(P9D.SG)$
📢 Company Update: Civmec Limited (CVL SP), 8 September 2021
Strong fundamentals spearheading growth
🔷 Earnings beat. Civmec’s FY2021 net profit (YE 30 June 2021) surged 97% YoY to A$34.6mn, beating our estimates of A$33.5mn.
🔷 China’s iron ore appetite. Even though iron ore prices have been on a downtrend recently as Chinese policymakers attempt to cut steel production, China’s iron ore imports hit new highs in August, suggesting the country’s continued reliance on the commodity.
🔷 Mid and long-term drivers. Likelihood of increased contract wins as the Australian government ramps up on defence and infrastructure spending. Overall revenue supported by approximately 20% recurring income from maintenance and upgrading works. Buoyant commodity market to drive capex spending for miners.
We maintain an OUTPERFORM recommendation and revise our TP to S$0.90, based on an unchanged 12.0x FY2022F P/E.
➡️ Read More:
https://www.kgieworld.sg/research/civmec-limited/

$Civmec(P9D.SG)$
Register for presentation
https://bit.ly/3CEyqQo

$Singtel(Z74.SG)$
by DBS research
Singtel's 1QF22F underlying net profit of S$451m (+31% y-o-y) was towards the upper end of our estimate of S$430m-S$450m
Sharp recovery in Australia, profit turnaround of Bharti and stabilization of Singapore were key drivers.
Maintain BUY with unchanged TP of S$3.01 for over 28% upside potential and 3.6% yield
Singtel's 1QF22F underlying net profit of S$451m (+31% y-o-y) was towards the upper end of our estimate of S$430m-S$450m and comprised 22% of our full year estimate. What stood out was a big rise in Australia consumer operating profit to S$44m (excluding Nat...

$Delfi(P34.SG)$ By DBS research:
Maintain BUY with a higher TP of S$1.06 (previously S$0.96). We are raising our TP as we roll forward our PE peg to a 50-50 blend between FY21F/22F earnings. We maintain our PE peg of 18.0x (-0.6 SD) of its four-year historical mean). Delfi is currently trading at 13.9x forward earnings, which is -1.3 SD of its four-year historical mean.
Where we differ: We believe sustained EPS growth will lead to the resumption of the relationship between its trailing-12- months (TTM) EPS and share price.
...

$FuboTV(FUBO.US)$ squeeze the shorties