SGX Weekly Review: Singapore’s Inflation, US Federal Reserve, Sembcorp Industries and City Developments Limited

The Smart Investor2023-03-25

Welcome to the latest edition of top stock market highlights.Singapore’s inflation rateSingapore’s core inflation rate for February has not budged from the 5.5% logged in January this year.This level ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Timevestor
2023-03-27
Timevestor
Ok
UTOtrader
2023-03-26
UTOtrader
T
YJ Lee
2023-03-26
YJ Lee
Ok
Worpeng2002
2023-03-26
Worpeng2002
Ok
FilMel050321
2023-03-25
FilMel050321
Ok

Leave a comment

160

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2322125050?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-03-25 07:46","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2322125050","market":"sg","top_or_hot":-1,"title":"SGX Weekly Review: Singapore’s Inflation, US Federal Reserve, Sembcorp Industries and City Developments Limited","media":"The Smart Investor","content":"<div>\n<p>Welcome to the latest edition of top stock market highlights.Singapore’s inflation rateSingapore’s core inflation rate for February has not budged from the 5.5% logged in January this year.This level ...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-singapores-inflation-us-federal-reserve-sembcorp-industries-and-city-developments-limited/\">Source Link</a>\n\n</div>\n","source":"thesmartinvestor_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SGX Weekly Review: Singapore’s Inflation, US Federal Reserve, Sembcorp Industries and City Developments Limited</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSGX Weekly Review: Singapore’s Inflation, US Federal Reserve, Sembcorp Industries and City Developments Limited\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-25 07:46 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-singapores-inflation-us-federal-reserve-sembcorp-industries-and-city-developments-limited/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Welcome to the latest edition of top stock market highlights.Singapore’s inflation rateSingapore’s core inflation rate for February has not budged from the 5.5% logged in January this year.This level ...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-singapores-inflation-us-federal-reserve-sembcorp-industries-and-city-developments-limited/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BN","symbol_name":"Brookfield","start_time":0,"source_url":"https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-singapores-inflation-us-federal-reserve-sembcorp-industries-and-city-developments-limited/","article_id":"2322125050","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2322125050","pubTimestamp":1679701561,"sourceInfo":{"source_id":"thesmartinvestor_highlight","name":"The Smart Investor"},"weMediaInfo":null,"summary":"We look at Singapore’s latest inflation numbers, the latest move by the US central bank, and the purchase of a hotel by one of Singapore’s blue-chip property giants.","collect":0,"end_time":0,"defaultTopTitle":"thesmartinvestor.com.sg","property":[],"viewcount":null,"language":"en","relate_stocks":{"BN":"Brookfield","BK4535":"淡马锡持仓","BK6098":"多样化房地产活动","BK4526":"热门中概股","C09.SI":"城市发展","BK4588":"碎股","SG9999016042.SGD":"Schroder Singapore Trust A Acc SGD","BK6113":"复合型公用事业","SG9999003826.SGD":"日兴资管新加坡股息基金 SGD","BK6500":"公用股","BK6512":"房地产股","U96.SI":"胜科工业","BK4505":"高瓴资本持仓","BK4504":"桥水持仓","BK4135":"资产管理与托管银行","SG9999004360.SGD":"Nikko AM Shenton Thrift Fund SGD","BK4548":"巴美列捷福持仓","SG9999000343.SGD":"Schroder Singapore Trust A Dis SGD","BGNE":"百济神州","BK4585":"ETF&股票定投概念","SG9999001135.SGD":"United ASEAN Fund SGD","BK4139":"生物科技","SG9999000475.SGD":"Aberdeen Standard Singapore Equity SGD","SG9999011746.SGD":"PINEBRIDGE INTERNATIONAL FUNDS - ACORNS OF ASIA BA (SGD) ACC","BK4007":"制药","SG9999014492.USD":"NIKKO AM ASEAN EQUITY \"A\" (USD) ACC","SG9999014484.SGD":"Nikko AM ASEAN Equity Fund A SGD"},"translate_title":"新交所周报：新加坡通货膨胀、美国联邦储备、胜科工业及城市发展有限公司","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"U96.SI":1,"C09.SI":1,"BN":1,"BGNE":1},"content_text":"Welcome to the latest edition of top stock market highlights.Singapore’s inflation rateSingapore’s core inflation rate for February has not budged from the 5.5% logged in January this year.This level of inflation remains the highest since November 2008 but was still lower than the 5.8% forecast by a Reuter’s poll of economists.Services inflation declined month on month but the drop was offset by higher inflation for retail, electricity, and gas.The good news is that overall inflation came in at 6.3%, down 0.3 percentage points from the 6.6% reported in January.The outlook has not changed much for the rest of 2023.Core inflation should remain high for the first quarter of this year and stay elevated through the first half before easing somewhat.Overall and core inflation for this year is expected to average between 5.5% to 6.5% and between 3.5% to 4.5%, respectively.If the effects of the GST hike are excluded, the rate then drops to between 4.5% to 5.5% and between 2.5% to 3.5%.The US Federal ReserveThe US Federal Reserve has gone ahead to raise its benchmark interest rate by another 0.25 percentage points.This increase comes even as the central bank frets over a growing bank crisis in the US due to the failure of Silicon Valley Bank and Signature Bank.The federal funds rate now has a new range of between 4.75% to 5%, the highest since October 2007.Borrowers in Singapore and heavily-indebted businesses should soon expect interest rates here to head up as well.There is some respite, though.The US Federal Reserve is preparing to cease its interest rate hike cycle and has not mentioned “ongoing rate increases” any longer.This shift should come as a relief to a wide swath of businesses and REITs that had to shoulder the burden of higher finance costs over the past year.Despite the change in tone, peak interest rates are still poised to rise further to probably around the 5% to 5.25% range as originally projected in December last year.None of the officials within the central bank anticipated a reduction in interest rates this year as the US continues to battle stubbornly-high inflation rates.Sembcorp Industries Ltd (SGX: U96)Sembcorp Industries Ltd, or SCI, is mulling the sale of its waste management unit, SembWaste, according to people with knowledge of this matter.The group is working with a financial adviser on the potential sale of the division and is looking to raise around US$700 million from its divestment.Other investment firms within the industry are purportedly interested in the deal, though negotiations are still ongoing and SCI may decide not to proceed.SembWaste provides waste management, public cleaning, and recycling services and had, in 2020, bought over Veolia Environment’s Singapore environmental services arm and public cleaning business for around S$28 million.If this deal goes through, it will raise more cash for SCI to continue to pursue the strategic objectives of upping its return on equity and growing its sustainable solutions portfolio which it outlined during its 2021 Investor Day.City Developments Limited (SGX: C09)City Developments Limited, or CDL, has agreed to acquire Sofitel Brisbane Central from Brookfield Asset Management, a unit of Brookfield Corporation (NYSE: BN), for A$177.7 million.Sofitel Brisbane Central has 416 rooms and is a five-star luxury hotel offering superb connectivity to the city’s commercial and retail regions.This purchase will help the property giant to expand its hospitality footprint in Australia and will be its third hotel there.The hotel also has six restaurants and bars along with a ballroom and eight meeting rooms.CDL will have an effective group interest of 87.9% in the property as the transaction was conducted through its wholly-owned subsidiary Millennium & Copthorne Hotels Limited in a 50:50 joint venture with its New Zealand-listed subsidiary Millennium & Copthorne Hotels New Zealand (NZX: MCK).The hotel has a land tenure of 99 years from 25 May 2021 along with facilities such as a heated outdoor pool, spa, hair salon, medical clinic, and underground parking for 220 vehicles.This acquisition is expected to be completed by the second half of this year.","kind":"highlight","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9941086527,"gmtCreate":1679873375369,"gmtModify":1679873379082,"author":{"id":"4087996122770160","authorId":"4087996122770160","name":"Timevestor","avatar":"https://community-static.tradeup.com/news/c445ff3f9f42cdd220e3e38056182334","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4087996122770160","authorIdStr":"4087996122770160"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9941086527","repostId":2322125050,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9941000740,"gmtCreate":1679789751481,"gmtModify":1679789755167,"author":{"id":"3574547619690492","authorId":"3574547619690492","name":"UTOtrader","avatar":"https://static.tigerbbs.com/82be6befb29ac8516e463638d3f659d5","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3574547619690492","authorIdStr":"3574547619690492"},"htmlText":"T","listText":"T","text":"T","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9941000740","repostId":2322125050,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9941000328,"gmtCreate":1679789592064,"gmtModify":1679789596323,"author":{"id":"4108816210230400","authorId":"4108816210230400","name":"YJ Lee","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4108816210230400","authorIdStr":"4108816210230400"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9941000328","repostId":2322125050,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9943742456,"gmtCreate":1679762495676,"gmtModify":1679762499632,"author":{"id":"3582000520700468","authorId":"3582000520700468","name":"Worpeng2002","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3582000520700468","authorIdStr":"3582000520700468"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943742456","repostId":2322125050,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9943757691,"gmtCreate":1679751838214,"gmtModify":1679751841914,"author":{"id":"3577968104930020","authorId":"3577968104930020","name":"FilMel050321","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":3,"crmLevelSwitch":1,"idStr":"3577968104930020","authorIdStr":"3577968104930020"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943757691","repostId":2322125050,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":160,"commentSize":5,"repostSize":3,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2322125050"}