DBS’s 51% owned joint venture in China, DBS Securities, has successfully received its securities business license from the China Securities Regulatory Commission (CSRC) and will officially commence business operations. This
marks a significant milestone that further cements DBS’s commitment to China. DBS Securities will mainly operate brokerage, securities investment consulting, securities underwriting and sponsorships, as well as proprietary trading. POSITIVE

Cromwell European REIT i s acquiring a freehold logistics asset in the Czech Republic for EUR10.1m, which represents a net operating income yield of 6.4% and slightly below independent valuations. Currently, the property is
97.3% let for an average minimum lease term of 6.5 years to three quality tenant customers with strong credit standing. This latest acquisition will further reinforce its presence in those markets and provide CEREIT with strong, growing and long term cashflows. POSITIVE

Lendlease Commercial REIT will raise its interest in Jem from 3.75% to 31.8% via two transactions: (a) a 53.0% interest in Lendlease Jem Partners Fund Limited (LLJP) from 3rd party vendors for SGD159.1m, and (b) a 5.0% interest in
Lendlease Asian Retail Investment Fund 3 Limited (ARIF3) from its sponsor for SGD45.0m and up to 19.8% in ARI F3 from other third party investors for SGD178.2m. MKE views the acquisition positively, as Jem is a strong destination suburban asset valued at SGD2.077b across 892k sf NLA with high 99.7%
committed occupancy. NEUTRAL.

Sembcorp Marine has entered into amendment agreements with Transocean to revise the delivery dates of two ultra deepwater drillships. This took into due
consideration work disruptions arising from the COVID 19 pandemic, the delivery dates of the two vessels have been rescheduled to Dec ’21 for the first vessel, Deepwater Atlas, and May ’22 for the second vessel, Deepwater Titan. To date, Transocean has already paid 35% and 30% of the contract price
for Deepwater Atlas and Deepwater Titan respectively. NEGATIVE.

Riverstone has temporarily shut its manufacturing facilities in Taiping, Perak after discovered positive cases of COVID 19 infection amongst its workers. The temporary closures of its manufacturing facilities in Taiping and 60%
limits on workforce capacity as mandated by the Malaysian government is estimated to result in a capacity loss of 200m pieces of gloves (or 2% impact o n its total annual production capacity of 10.5b pieces).