Freight Links Express

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FREIGHT LINKS EXPRESS - Freight Links Express said it has entered into sale and leaseback transactions with its unit Sabana Investment Partners for five of Freight Links' properties for a total of S$192.95 million.


SourcE: Reuters

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Singapore Hot Stocks-Freight Links up on REIT plan

SINGAPORE, Oct 12 (Reuters) - Shares of Singapore logistics firm Freight Links Express rose 6.7 percent to S$0.08 on Tuesday after it said it will enter into a sale and leaseback agreement for five properties worth S$192.95 million ($147.6 million).

Over 28.7 million shares had changed hands by 0141 GMT.

Freight Links said it will sell and lease back five properties from Sabana Investment Partners which plans to float a shariah compliant real estate industrial trust before the end of the year.

"The price at which Freight Links is selling its properties to Sabana is higher than its book value. Prospects for the firm also seem good as the logistic sector is doing pretty well with improving Asian trade," said a local trader.

Source: Reuters

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Singapore Hot Stocks-Freight Links jumps on REIT hopes

SINGAPORE, Nov 3 (Reuters) - Shares of Freight Links Express surged as much as 25 percent on Wednesday, on anticipation that plans to spin off some assets into a new property trust called Sabana REIT are close to fruition.

Freight Links, a logistics firm, could realise a one-time gain of S$192.95 million from a sale and leaseback agreement with Sabana for five of its properties, the firm had said in October.

Sabana REIT will be Singapore's first sharia-compliant real estate investment trust.

At 0227 GMT, Freight Links shares were up 12.5 percent at S$0.09 with over 110 million shares changing hands, making it the most traded stock by volume so far on Wednesday.


Source: Reuters

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Singapore Hot Stocks-Freight Links up as Sabana IPO draws closer

SINGAPORE, Nov 22 (Reuters) - Shares of Freight Links Express , which is injecting some of its properties into Sabana REIT, rose as much as 17 percent on Monday as it looks poised to cash in on the REIT's initial public offering.

Sabana, Singapore's first Islamic REIT, is set to raise $491 million in its IPO. The units will list Nov 26.

At 0335 GMT, Freight Links shares were up 5.6 percent at S$0.095 on a volume of 117 million shares.

"They are unlocking the potential value of their properties.

By putting their assets into a REIT they are able to realise more value in their business," said a local trader.

Sabana REIT, which owns industrial properties in Singapore, has priced its IPO at S$1.05 a share, the midpoint of an indicative range, to raise $491 million, IFR reported on Friday.


Source: Reuters

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Freight forwarding firm Freight Links Express said its net profit for the year ended April 30 rose 17.6 percent to S$16.3 million, from S$13.9 million a year earlier, due to higher business volume and contributions from its management fees business.

Source: Reuters