SINGAPORE: As the earnings season unfolds, investors are keenly watching the latest results from Singapore’s REITs and blue-chip stocks while keeping an eye on noteworthy business developments like ac
quisitions and partnerships.ComfortDelGro Corporation, or CDG, is a major player in the mobility sector, operating around 40,000 vehicles, including buses, taxis, and rental vehicles.
The acquisition includes a fleet of 5,000 vehicles and 7,500 drivers, which will be integrated into CityFleet’s existing network of private hire and black taxi services. Following this transaction, Parkway Life REIT’s portfolio will grow to 75 properties valued at roughly S$2.42 billion. This deal is also expected to boost the distribution per unit , with the first half of 2024 projected to rise from S$0.0754 to S$0.0768, an increase of 1.8%.
Taiwan’s offshore wind industry is expected to reach 5.7 gigawatts by 2025, creating a growing need for skilled labour. The company has also signed a non-binding memorandum of understanding with Grupo Stier XXI S.L.U to explore acquiring a training centre business in Spain, which would help it establish a training presence in Europe.Sembcorp Industries Ltd is a leading energy and urban solutions provider. The company has an energy portfolio of 21.4 GW, including 14.6 GW of renewable energy capacity.
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