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Singapore real estate investment trusts can benefit from their safe-haven status during a time of market volatility as the U.S. Fed raises interest rates, analysts from DBS say in a research note.
The Fed's clarity on its rate-rise trajectory will likely lead to more price stability for Singapore REITs, they say.
What are Real Estate Investment Trusts (REITs)?
Real Estate Investment Trusts (REITs) are funds that invest in a port...
The Fed's clarity on its rate-rise trajectory will likely lead to more price stability for Singapore REITs, they say.
What are Real Estate Investment Trusts (REITs)?
Real Estate Investment Trusts (REITs) are funds that invest in a port...
![Singapore REITs may benefit from haven status amid market volatility](https://ussnsimg.moomoo.com/2375615501752969259.png/thumb)
![Singapore REITs may benefit from haven status amid market volatility](https://ussnsimg.moomoo.com/569880823882781980.jpg/thumb)
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23 March 2020. It was the fateful day global markets $S&P 500 Index (.SPX.US)$ $SPDR S&P 500 ETF (SPY.US)$ $Vanguard S&P 500 ETF (VOO.US)$ $NASDAQ (200302)$ $Dow Jones Industrial Average (.DJI.US)$ $Apple (AAPL.US)$ $Microsoft (MSFT.US)$ $Netflix (NFLX.US)$ $Meta Platforms (FB.US)$ $Alphabet-C (GOOG.US)$ $Amazon (AMZN.US)$ $FTSE Singapore Straits Time Index (.STI.SG)$ $Hang Seng Index (800000.HK)$ hit bottom due to COVID-19. Seeing one’s portfolio in deep red can cause t...
![Improving Trading Mindset Over Time](https://ussnsimg.moomoo.com/moo-1641743251-101774928-iPhone-7-org.jpg/thumb)
![Improving Trading Mindset Over Time](https://ussnsimg.moomoo.com/moo-1641743253-101774928-iPhone-8-org.jpg/thumb)
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$Apple (AAPL.US)$ It's time to reverse the upturn.
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$Embraer (ERJ.US)$ $Zanite Acquisition Corp (ZNTE.US)$
Embraer SA's Eve Urban Air Mobility unit will merge with Zanite Acquisition Corp. next year, the latest in a string of deals as flying-taxi startups seek capital from public markets.
The transaction announced Tuesday includes $237 million in cash from Zanite, a special purpose acquisition company, and a $305 million PIPE, or private investment in public equity. The PIPE has multiple investors, including $175 million from Embraer and $105 million from a consortium that includes $BAE SYSTEMS (BAESF.US)$ , $ROLLS ROYCE ADR (RYCEY.US)$ and two U.S. regional airlines, Republic Airways and $SkyWest (SKYW.US)$.
Embraer will retain an 80% equity stake in the company following the merger. Bloomberg News first reported on the talks between Eve and Zanite in June.
The combination, expected to close in the second quarter of 2022, values Eve at $2.4 billion. Embraer has agreed to a three-year lockup on its rollover shares and Zanite’s sponsor has agreed to a three-year lockup on its founder shares.
Embraer American depositary receipts traded in New York surged 15% to $15.97 as of 10:08 a.m., the biggest jump in more than six months. Zanite rose 0.3% to $10.18.
Embraer SA's Eve Urban Air Mobility unit will merge with Zanite Acquisition Corp. next year, the latest in a string of deals as flying-taxi startups seek capital from public markets.
The transaction announced Tuesday includes $237 million in cash from Zanite, a special purpose acquisition company, and a $305 million PIPE, or private investment in public equity. The PIPE has multiple investors, including $175 million from Embraer and $105 million from a consortium that includes $BAE SYSTEMS (BAESF.US)$ , $ROLLS ROYCE ADR (RYCEY.US)$ and two U.S. regional airlines, Republic Airways and $SkyWest (SKYW.US)$.
Embraer will retain an 80% equity stake in the company following the merger. Bloomberg News first reported on the talks between Eve and Zanite in June.
The combination, expected to close in the second quarter of 2022, values Eve at $2.4 billion. Embraer has agreed to a three-year lockup on its rollover shares and Zanite’s sponsor has agreed to a three-year lockup on its founder shares.
Embraer American depositary receipts traded in New York surged 15% to $15.97 as of 10:08 a.m., the biggest jump in more than six months. Zanite rose 0.3% to $10.18.
![Embraer's Air Mobility Unit Agrees to $2.4 Billion SPAC Deal](https://ussnsimg.moomoo.com/4003198563468872408.webp/bigjpg)
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