Today’s Headline

OUE buying Oxley’s IHC stakes, paying 10.6 cents a share and also made a cash offer for all remaining IHC stock at the same price. IHC shares rose sharply by 112%; OUE may privatise it once it controls more than 90% of IHC.”

Today’s Outlook

“Bad loans from Oil/Gas sector is affecting local banks’ portfolios, while new investments are not moving. The volatility of the sector is likely to continue for the next 6 months, as both DBS and OCBC released their results.”

Mapletree’s strategy of expanding outside Asia – likely to be US, Europe and Asia-Pacific, inline with their recent acquisition of US-based Oakwood who presence covers these areas too.”

Malaysia’s economy grew 4.5% in Q4 driven by exports and domestic demands, however annual growth slowed by 4.2%. The Ringgit also begins to stabilize.”

 

 

Image Credit: (http://ouect.com/properties/the-oue-bayfront)
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