There are concerns that Singap-To The Moon - Tiger Brokers Online Investing Community - To The Moon

There are concerns that Singapore's Good Class Bungalow (GCB) market could be increasingly dominated by foreigners who become Singapore citizens. This could exacerbate the dominance of the wealthy in the niche housing market and contribute to rising housing prices. Given Singapore's limited land area, this trend could make it difficult for future generations of Singaporeans to afford homes. 😔

SG Morning Call | Singapore Stocks Opened Higher on Tuesday; SGX Proposes Rules for Shareholders

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This could exacerbate the dominance of the wealthy in the niche housing market and contribute to rising housing prices. Given Singapore's limited land area, this trend could make it difficult for future generations of Singaporeans to afford homes. 😔</p></body></html>","htmlText":"<html><head></head><body><p>There are concerns that Singapore's Good Class Bungalow (GCB) market could be increasingly dominated by foreigners who become Singapore citizens. This could exacerbate the dominance of the wealthy in the niche housing market and contribute to rising housing prices. Given Singapore's limited land area, this trend could make it difficult for future generations of Singaporeans to afford homes. 😔</p></body></html>","text":"There are concerns that Singapore's Good Class Bungalow (GCB) market could be increasingly dominated by foreigners who become Singapore citizens. This could exacerbate the dominance of the wealthy in the niche housing market and contribute to rising housing prices. Given Singapore's limited land area, this trend could make it difficult for future generations of Singaporeans to afford homes. 😔","highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/298205553479960","repostId":1166172094,"repostType":2,"repost":{"id":"1166172094","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings","home_visible":1,"media_name":"TigerNews SG","id":"1050470178","head_image":"https://community-static.tradeup.com/news/f17a9a7b68c877792d5e556261e9e709"},"pubTimestamp":1713834157,"share":"https://www.laohu8.com/m/news/1166172094?lang=&edition=full","pubTime":"2024-04-23 09:02","market":"sg","language":"en","title":"SG Morning Call | Singapore Stocks Opened Higher on Tuesday; SGX Proposes Rules for Shareholders","url":"https://stock-news.laohu8.com/highlight/detail?id=1166172094","media":"TigerNews SG","summary":"Stocks to Watch$Singtel(Z74.SI)$: Maybank Securities analysts have kept their'buy' call and $3.05 target price on Singapore Telecommunications Z74 - , after positive 1QFY2024 indicators reported by Te","content":"<html><head></head><body><h2 id=\"id_2780928662\">Market Snapshot</h2><p>Singapore stocks opened higher on Tuesday. STI rose 1.1%, CapitaLand Ascendas Reit rose 1.96%, ESR-Logos Reit rose 1.72%, Singtel rose 0.85%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/267ce5a3d6a1a68f17539fe2f9106f16\" tg-width=\"378\" tg-height=\"508\"/></p><h2 id=\"id_3813175564\">Stocks to Watch</h2><p><strong><a href=\"https://laohu8.com/S/Z74.SI\">Singtel</a></strong>: Maybank Securities analysts have kept their &#39;buy&#39; call and $3.05 target price on Singapore Telecommunications Z74 - , after positive 1QFY2024 indicators reported by Telkonsel, its 29.6%-held Indonesia associate. For the three months ended March, Telkomsel&#39;s core net income increased by 17.9% y-o-y and up 5.5% q-o-q, thanks to lower costs even as revenue held steady.</p><p><strong><a href=\"https://laohu8.com/S/A17U.SI\">CapitaLand Ascendas Reit</a></strong>: The manager of CapitaLand Ascendas REIT (CLAR) has reported a portfolio occupancy of 93.3% for the 1QFY2024 ended March 31, 1.1 percentage points (ppt) lower y-o-y and down 0.9 ppt q-o-q. The average portfolio rent reversion of leases renewed in 1QFY2024 was 16.9%, and the manager expects FY2024 rental reversion to be in the positive mid-single digit range. </p><p style=\"text-align: start;\"><strong><a href=\"https://laohu8.com/S/K71U.SI\">Keppel Reit</a></strong>: Its manager on Tuesday reported net property income (NPI) of S$48.2 million for the first quarter ended March 2024, up 7.2 per cent from S$45 million in Q1 FY2023, due to higher rentals as well as contributions from 2 Blue Street. Distributable income including its anniversary distribution, however, remained flat year on year at S$55.2 million due to higher borrowing costs. Units of the Reit ended Monday S$0.01 or 1.2 per cent higher at S$0.85.</p><p><strong><a href=\"https://laohu8.com/S/J91U.SI\">ESR-Logos Reit</a></strong>: The industrial real estate investment trust’s NPI fell 10.8 per cent year on year to S$62.9 million, while gross revenue dropped 8.9 per cent to S$89 million for the first quarter of the fiscal year. This was in the absence of contributions from non-core assets divested in FY2023, said its manager on Tuesday. Net asset value per unit for the quarter stood at S$0.311, down from S$0.32 as at end-2023. ESR-Logos Reit units closed unchanged at S$0.29 on Monday.</p><p style=\"text-align: start;\"><strong><a href=\"https://laohu8.com/S/MZH.SI\">Nanofilm Technologies</a></strong>: The mainboard-listed group posted a 19 per cent rise in revenue to S$39 million for its first quarter ended Mar 31, 2024. In a business update on Monday, the company said it also expects FY2024 profitability to improve from the continuous optimisation of cost structures, coupled with lower capital expenditure year on year. Shares of Nanofilm closed S$0.01 or 1.7 per cent higher at S$0.61, before the news.</p><p style=\"text-align: start;\"><strong><a href=\"https://laohu8.com/S/41O.SI\">LHN</a></strong>: Its indirect wholly owned subsidiary has disposed of its 20 per cent interest in Coliwoo (TK) to an independent real estate development company, Macritchie Developments, for S$20,000. Coliwoo (TK) is an LHN subsidiary that is looking to acquire a property through public tender. The acquisition is expected to be completed on May 9, 2024. Shares of LHN closed flat at S$0.32 on Monday, prior to the announcement.</p><p><strong><a href=\"https://laohu8.com/S/P8A.SI\">Cordlife Group Ltd</a>: </strong>Thousands of parents in Singapore are furious, with some now pursuing legal action, after a major operator of cord blood banks in Asia irreparably damaged their children’s samples through improper handling. </p><p>The ongoing case, one of the worst to hit the largely untested industry, has renewed concerns over companies marketing themselves to anxious parents with mostly unproven assurances. The scandal now engulfing Cordlife Group Ltd has implications across the region, given its operations in Hong Kong, Macau, Indonesia, the Philippines and India.</p><h2 id=\"id_3059161784\">SG Local News</h2><h3 id=\"id_1332317218\" style=\"text-align: start;\">Singapore puts company directors on notice with new proposal</h3><p>Singapore Exchange Ltd. is proposing a rule change that would make it easier for shareholders to call special general meetings, the latest in an ongoing campaign to improve corporate governance in the city-state.</p><p style=\"text-align: start;\">Under the proposal, companies would have to take steps within 21 days to hold a meeting whenever a shareholder or group of shareholders with at least 10% of paid-up stock makes the request. Boards opposing the demand can do so in court.、</p><h3 id=\"id_1004121245\" style=\"text-align: start;\">Sea CEO&#39;s wife to buy Gallop Road GCB for $42.5 mil</h3><p>The wife of tech billionaire Forrest Li is set to acquire a mansion in one of Singapore’s most coveted residential areas, even as the luxury property market remains in a lull.</p><p style=\"text-align: start;\">Ma Liqian filed an option in April to buy a so-called good class bungalow on Gallop Road for $42.5 million, according to documents seen by <em>Bloomberg News</em>. The house sits on a 1,552 sqm (16,706 sq ft) plot of land.</p><p style=\"text-align: start;\">Li owns a 1,403 sqm land parcel next to the mansion, near the Singapore Botanic Gardens, a World Heritage Site. That was acquired in 2019, property records show.</p><h3 id=\"id_666360553\">Walk-ins for some Singapore driving licence services to cease from May 13</h3><p>Walk-ins for some driving licence services will cease from May 13, the police said late Monday night (Apr 22).</p><p style=\"text-align: start;\">These services include changing driving licence particulars or converting a foreign driving licence to a Singapore one.</p><p style=\"text-align: start;\">The Traffic Police is launching an online appointment service for those looking to change the photograph on their driving licence or update their citizenship status.</p></body></html>","collect":0,"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>SG Morning Call | Singapore Stocks Opened Higher on Tuesday; SGX Proposes Rules for Shareholders</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\">\nSG Morning Call | Singapore Stocks Opened Higher on Tuesday; SGX Proposes Rules for Shareholders\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1050470178\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/f17a9a7b68c877792d5e556261e9e709);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">TigerNews SG </p>\n<p class=\"h-time\">2024-04-23 09:02</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><h2 id=\"id_2780928662\">Market Snapshot</h2><p>Singapore stocks opened higher on Tuesday. STI rose 1.1%, CapitaLand Ascendas Reit rose 1.96%, ESR-Logos Reit rose 1.72%, Singtel rose 0.85%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/267ce5a3d6a1a68f17539fe2f9106f16\" tg-width=\"378\" tg-height=\"508\"/></p><h2 id=\"id_3813175564\">Stocks to Watch</h2><p><strong><a href=\"https://laohu8.com/S/Z74.SI\">Singtel</a></strong>: Maybank Securities analysts have kept their &#39;buy&#39; call and $3.05 target price on Singapore Telecommunications Z74 - , after positive 1QFY2024 indicators reported by Telkonsel, its 29.6%-held Indonesia associate. For the three months ended March, Telkomsel&#39;s core net income increased by 17.9% y-o-y and up 5.5% q-o-q, thanks to lower costs even as revenue held steady.</p><p><strong><a href=\"https://laohu8.com/S/A17U.SI\">CapitaLand Ascendas Reit</a></strong>: The manager of CapitaLand Ascendas REIT (CLAR) has reported a portfolio occupancy of 93.3% for the 1QFY2024 ended March 31, 1.1 percentage points (ppt) lower y-o-y and down 0.9 ppt q-o-q. The average portfolio rent reversion of leases renewed in 1QFY2024 was 16.9%, and the manager expects FY2024 rental reversion to be in the positive mid-single digit range. </p><p style=\"text-align: start;\"><strong><a href=\"https://laohu8.com/S/K71U.SI\">Keppel Reit</a></strong>: Its manager on Tuesday reported net property income (NPI) of S$48.2 million for the first quarter ended March 2024, up 7.2 per cent from S$45 million in Q1 FY2023, due to higher rentals as well as contributions from 2 Blue Street. Distributable income including its anniversary distribution, however, remained flat year on year at S$55.2 million due to higher borrowing costs. Units of the Reit ended Monday S$0.01 or 1.2 per cent higher at S$0.85.</p><p><strong><a href=\"https://laohu8.com/S/J91U.SI\">ESR-Logos Reit</a></strong>: The industrial real estate investment trust’s NPI fell 10.8 per cent year on year to S$62.9 million, while gross revenue dropped 8.9 per cent to S$89 million for the first quarter of the fiscal year. This was in the absence of contributions from non-core assets divested in FY2023, said its manager on Tuesday. Net asset value per unit for the quarter stood at S$0.311, down from S$0.32 as at end-2023. ESR-Logos Reit units closed unchanged at S$0.29 on Monday.</p><p style=\"text-align: start;\"><strong><a href=\"https://laohu8.com/S/MZH.SI\">Nanofilm Technologies</a></strong>: The mainboard-listed group posted a 19 per cent rise in revenue to S$39 million for its first quarter ended Mar 31, 2024. In a business update on Monday, the company said it also expects FY2024 profitability to improve from the continuous optimisation of cost structures, coupled with lower capital expenditure year on year. Shares of Nanofilm closed S$0.01 or 1.7 per cent higher at S$0.61, before the news.</p><p style=\"text-align: start;\"><strong><a href=\"https://laohu8.com/S/41O.SI\">LHN</a></strong>: Its indirect wholly owned subsidiary has disposed of its 20 per cent interest in Coliwoo (TK) to an independent real estate development company, Macritchie Developments, for S$20,000. Coliwoo (TK) is an LHN subsidiary that is looking to acquire a property through public tender. The acquisition is expected to be completed on May 9, 2024. Shares of LHN closed flat at S$0.32 on Monday, prior to the announcement.</p><p><strong><a href=\"https://laohu8.com/S/P8A.SI\">Cordlife Group Ltd</a>: </strong>Thousands of parents in Singapore are furious, with some now pursuing legal action, after a major operator of cord blood banks in Asia irreparably damaged their children’s samples through improper handling. </p><p>The ongoing case, one of the worst to hit the largely untested industry, has renewed concerns over companies marketing themselves to anxious parents with mostly unproven assurances. The scandal now engulfing Cordlife Group Ltd has implications across the region, given its operations in Hong Kong, Macau, Indonesia, the Philippines and India.</p><h2 id=\"id_3059161784\">SG Local News</h2><h3 id=\"id_1332317218\" style=\"text-align: start;\">Singapore puts company directors on notice with new proposal</h3><p>Singapore Exchange Ltd. is proposing a rule change that would make it easier for shareholders to call special general meetings, the latest in an ongoing campaign to improve corporate governance in the city-state.</p><p style=\"text-align: start;\">Under the proposal, companies would have to take steps within 21 days to hold a meeting whenever a shareholder or group of shareholders with at least 10% of paid-up stock makes the request. Boards opposing the demand can do so in court.、</p><h3 id=\"id_1004121245\" style=\"text-align: start;\">Sea CEO&#39;s wife to buy Gallop Road GCB for $42.5 mil</h3><p>The wife of tech billionaire Forrest Li is set to acquire a mansion in one of Singapore’s most coveted residential areas, even as the luxury property market remains in a lull.</p><p style=\"text-align: start;\">Ma Liqian filed an option in April to buy a so-called good class bungalow on Gallop Road for $42.5 million, according to documents seen by <em>Bloomberg News</em>. The house sits on a 1,552 sqm (16,706 sq ft) plot of land.</p><p style=\"text-align: start;\">Li owns a 1,403 sqm land parcel next to the mansion, near the Singapore Botanic Gardens, a World Heritage Site. That was acquired in 2019, property records show.</p><h3 id=\"id_666360553\">Walk-ins for some Singapore driving licence services to cease from May 13</h3><p>Walk-ins for some driving licence services will cease from May 13, the police said late Monday night (Apr 22).</p><p style=\"text-align: start;\">These services include changing driving licence particulars or converting a foreign driving licence to a Singapore one.</p><p style=\"text-align: start;\">The Traffic Police is launching an online appointment service for those looking to change the photograph on their driving licence or update their citizenship status.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1166172094","content_text":"Market SnapshotSingapore stocks opened higher on Tuesday. STI rose 1.1%, CapitaLand Ascendas Reit rose 1.96%, ESR-Logos Reit rose 1.72%, Singtel rose 0.85%.Stocks to WatchSingtel: Maybank Securities analysts have kept their 'buy' call and $3.05 target price on Singapore Telecommunications Z74 - , after positive 1QFY2024 indicators reported by Telkonsel, its 29.6%-held Indonesia associate. For the three months ended March, Telkomsel's core net income increased by 17.9% y-o-y and up 5.5% q-o-q, thanks to lower costs even as revenue held steady.CapitaLand Ascendas Reit: The manager of CapitaLand Ascendas REIT (CLAR) has reported a portfolio occupancy of 93.3% for the 1QFY2024 ended March 31, 1.1 percentage points (ppt) lower y-o-y and down 0.9 ppt q-o-q. The average portfolio rent reversion of leases renewed in 1QFY2024 was 16.9%, and the manager expects FY2024 rental reversion to be in the positive mid-single digit range. Keppel Reit: Its manager on Tuesday reported net property income (NPI) of S$48.2 million for the first quarter ended March 2024, up 7.2 per cent from S$45 million in Q1 FY2023, due to higher rentals as well as contributions from 2 Blue Street. Distributable income including its anniversary distribution, however, remained flat year on year at S$55.2 million due to higher borrowing costs. Units of the Reit ended Monday S$0.01 or 1.2 per cent higher at S$0.85.ESR-Logos Reit: The industrial real estate investment trust’s NPI fell 10.8 per cent year on year to S$62.9 million, while gross revenue dropped 8.9 per cent to S$89 million for the first quarter of the fiscal year. This was in the absence of contributions from non-core assets divested in FY2023, said its manager on Tuesday. Net asset value per unit for the quarter stood at S$0.311, down from S$0.32 as at end-2023. ESR-Logos Reit units closed unchanged at S$0.29 on Monday.Nanofilm Technologies: The mainboard-listed group posted a 19 per cent rise in revenue to S$39 million for its first quarter ended Mar 31, 2024. In a business update on Monday, the company said it also expects FY2024 profitability to improve from the continuous optimisation of cost structures, coupled with lower capital expenditure year on year. Shares of Nanofilm closed S$0.01 or 1.7 per cent higher at S$0.61, before the news.LHN: Its indirect wholly owned subsidiary has disposed of its 20 per cent interest in Coliwoo (TK) to an independent real estate development company, Macritchie Developments, for S$20,000. Coliwoo (TK) is an LHN subsidiary that is looking to acquire a property through public tender. The acquisition is expected to be completed on May 9, 2024. Shares of LHN closed flat at S$0.32 on Monday, prior to the announcement.Cordlife Group Ltd: Thousands of parents in Singapore are furious, with some now pursuing legal action, after a major operator of cord blood banks in Asia irreparably damaged their children’s samples through improper handling. The ongoing case, one of the worst to hit the largely untested industry, has renewed concerns over companies marketing themselves to anxious parents with mostly unproven assurances. The scandal now engulfing Cordlife Group Ltd has implications across the region, given its operations in Hong Kong, Macau, Indonesia, the Philippines and India.SG Local NewsSingapore puts company directors on notice with new proposalSingapore Exchange Ltd. is proposing a rule change that would make it easier for shareholders to call special general meetings, the latest in an ongoing campaign to improve corporate governance in the city-state.Under the proposal, companies would have to take steps within 21 days to hold a meeting whenever a shareholder or group of shareholders with at least 10% of paid-up stock makes the request. Boards opposing the demand can do so in court.、Sea CEO's wife to buy Gallop Road GCB for $42.5 milThe wife of tech billionaire Forrest Li is set to acquire a mansion in one of Singapore’s most coveted residential areas, even as the luxury property market remains in a lull.Ma Liqian filed an option in April to buy a so-called good class bungalow on Gallop Road for $42.5 million, according to documents seen by Bloomberg News. The house sits on a 1,552 sqm (16,706 sq ft) plot of land.Li owns a 1,403 sqm land parcel next to the mansion, near the Singapore Botanic Gardens, a World Heritage Site. That was acquired in 2019, property records show.Walk-ins for some Singapore driving licence services to cease from May 13Walk-ins for some driving licence services will cease from May 13, the police said late Monday night (Apr 22).These services include changing driving licence particulars or converting a foreign driving licence to a Singapore one.The Traffic Police is launching an online appointment service for those looking to change the photograph on their driving licence or update their citizenship status.","news_type":1},"isVote":1,"tweetType":1,"viewCount":89,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":338,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/298205553479960"}