SG Morning Call | Singapore Stocks Opened Lower on Monday; YZJ Shipbuilding Fell 1.2% after buying into Tsuneishi

Market Snapshot

Singapore stocks opened lower on Monday. STI fell 0.5%; SIA fell 0.3%; UOB fell 1.2%; DBS fell 1%; OCBC fell 0.8%; Seatrium rose 1.2%; Yangzijiang Shipbuilding fell 1.2%.

SG Local News

Singapore ranks as 2nd top global hub for cross-border capital

Singapore has emerged as the second leading source of global cross-border capital for the first half of 2024, with total transactions reaching 1,929, according to Colliers’ Global Capital Flows September 2024 report.

Also in the top 10 from the Asia Pacific region are Hong Kong, Japan, and China.

Yangzijiang to acquire 34% stake in Tsuneishi Group shipbuilding unit

Yangzijiang Shipbuilding (Holdings) Ltd. has entered a joint venture with Tsuneishi Holdings Inc. (THD), acquiring a 34% equity stake in Tsuneishi Group (Zhoushan) Shipbuilding Co., Ltd. (TZS) through a private share allotment.

The acquisition, valued at $152m (RMB833.1) is based on TZS's audited net asset value of $447.94m (RMB2.5) as of 31 December 2023. The full amount will be paid in cash using Yangzijiang’s internal funds.

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

We need your insight to fill this gap

Leave a comment

12

1

{"i18n":{"language":"en_US"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":349914300117072,"tweetId":"349914300117072","gmtCreate":1726449137798,"gmtModify":1726451157074,"author":{"id":4102068993518380,"authorId":4102068993518380,"authorIdStr":"4102068993518380","name":"TigerNews_SG","avatar":"https://community-static.tradeup.com/news/a01a68b5f150817d01a3315fdbcaa598","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":214,"starInvestorFlag":false},"themes":[],"images":[{"img":"https://community-static.tradeup.com/news/0390e570ba7e98a94128893dee1796df","width":"292","height":"752"}],"coverImages":[{"img":"https://community-static.tradeup.com/news/0390e570ba7e98a94128893dee1796df","width":"292","height":"752"}],"title":"SG Morning Call | Singapore Stocks Opened Lower on Monday; YZJ Shipbuilding Fell 1.2% after buying into Tsuneishi","html":"<html><head></head><body><h2 id=\"id_2780928662\">Market Snapshot</h2><p>Singapore stocks opened lower on Monday. STI fell 0.5%; SIA fell 0.3%; UOB fell 1.2%; DBS fell 1%; OCBC fell 0.8%; Seatrium rose 1.2%; Yangzijiang Shipbuilding fell 1.2%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/0390e570ba7e98a94128893dee1796df\" tg-width=\"292\" tg-height=\"752\"></p><h2 id=\"id_3059161784\">SG Local News</h2><p><strong>Singapore ranks as 2nd top global hub for cross-border capital</strong></p><p>Singapore has emerged as the second leading source of global cross-border capital for the first half of 2024, with total transactions reaching 1,929, according to Colliers’ Global Capital Flows September 2024 report.</p><p>Also in the top 10 from the Asia Pacific region are Hong Kong, Japan, and China.</p><p><strong>Yangzijiang to acquire 34% stake in Tsuneishi Group shipbuilding unit</strong></p><p>Yangzijiang Shipbuilding (Holdings) Ltd. has entered a joint venture with Tsuneishi Holdings Inc. (THD), acquiring a 34% equity stake in Tsuneishi Group (Zhoushan) Shipbuilding Co., Ltd. (TZS) through a private share allotment.</p><p>The acquisition, valued at $152m (RMB833.1) is based on TZS's audited net asset value of $447.94m (RMB2.5) as of 31 December 2023. The full amount will be paid in cash using Yangzijiang’s internal funds.</p> <a href=\"https://ttm.financial/S/STI.SI\">$(STI.SI)$</a></body></html>","htmlText":"<html><head></head><body><h2 id=\"id_2780928662\">Market Snapshot</h2><p>Singapore stocks opened lower on Monday. STI fell 0.5%; SIA fell 0.3%; UOB fell 1.2%; DBS fell 1%; OCBC fell 0.8%; Seatrium rose 1.2%; Yangzijiang Shipbuilding fell 1.2%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/0390e570ba7e98a94128893dee1796df\" tg-width=\"292\" tg-height=\"752\"></p><h2 id=\"id_3059161784\">SG Local News</h2><p><strong>Singapore ranks as 2nd top global hub for cross-border capital</strong></p><p>Singapore has emerged as the second leading source of global cross-border capital for the first half of 2024, with total transactions reaching 1,929, according to Colliers’ Global Capital Flows September 2024 report.</p><p>Also in the top 10 from the Asia Pacific region are Hong Kong, Japan, and China.</p><p><strong>Yangzijiang to acquire 34% stake in Tsuneishi Group shipbuilding unit</strong></p><p>Yangzijiang Shipbuilding (Holdings) Ltd. has entered a joint venture with Tsuneishi Holdings Inc. (THD), acquiring a 34% equity stake in Tsuneishi Group (Zhoushan) Shipbuilding Co., Ltd. (TZS) through a private share allotment.</p><p>The acquisition, valued at $152m (RMB833.1) is based on TZS's audited net asset value of $447.94m (RMB2.5) as of 31 December 2023. The full amount will be paid in cash using Yangzijiang’s internal funds.</p> <a href=\"https://ttm.financial/S/STI.SI\">$(STI.SI)$</a></body></html>","text":"Market Snapshot Singapore stocks opened lower on Monday. STI fell 0.5%; SIA fell 0.3%; UOB fell 1.2%; DBS fell 1%; OCBC fell 0.8%; Seatrium rose 1.2%; Yangzijiang Shipbuilding fell 1.2%. SG Local News Singapore ranks as 2nd top global hub for cross-border capital Singapore has emerged as the second leading source of global cross-border capital for the first half of 2024, with total transactions reaching 1,929, according to Colliers’ Global Capital Flows September 2024 report. Also in the top 10 from the Asia Pacific region are Hong Kong, Japan, and China. Yangzijiang to acquire 34% stake in Tsuneishi Group shipbuilding unit Yangzijiang Shipbuilding (Holdings) Ltd. has entered a joint venture with Tsuneishi Holdings Inc. (THD), acquiring a 34% equity stake in Tsuneishi Group (Zhoushan) Shipbuilding Co., Ltd. (TZS) through a private share allotment. The acquisition, valued at $152m (RMB833.1) is based on TZS's audited net asset value of $447.94m (RMB2.5) as of 31 December 2023. The full amount will be paid in cash using Yangzijiang’s internal funds. $(STI.SI)$","highlighted":1,"essential":2,"paper":2,"likeSize":12,"commentSize":0,"repostSize":1,"favoriteSize":0,"link":"https://ttm.financial/post/349914300117072","repostId":0,"isVote":1,"tweetType":1,"viewCount":164,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["STI.SI"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":907,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/349914300117072"}