*Daily Market Summary 1st Sep 2022*
U.S. stocks ended the month with their fourth straight daily decline on Wednesday, cementing the weakest August performance in seven years as worries about aggressive interest rate hikes from the Federal Reserve persist
Gold lingers near 1-month low as prospects of more Fed rate hikes weigh
Oil prices fall 3% on recession fears; HK listed CNOOC and PetroChina adjusted downwards accordingly during last trading session
*Singapore*
Banking sector : OCBC and UOB both recently raised the interest rates of their savings accounts in a bid to stay competitive amid a rising rate environment
Keppel Corp’s infrastructure arm, Keppel Infrastructure Holdings, is developing Singapore’s first hydrogen-ready power plant, which will cost S$750 million
Very st49! G rise @李璟_Daily_@Daily_Discussion do ffe@573e _for summary
Singtel and Grab plan to roll out a banking app next week, joining tech giants like Ant Group Co. in taking advantage of the country’s fintech liberalization
Raffles Medical group sees China on the mend from covid as its expansion continues ~ forbes
PropNex: Maybank starts PropNex at 'buy'; group can 'easily sustain' its high dividend payout of over 70%
China Everbright Water wins concession deal for waste water treatment plant in Shandong
SilverLake: Analysts maintain 'buy' call for Silverlake with higher TPs as order momentum picks up
Wing Tai China acquires 50% remaining shares in Winnoma Investment for $25.6 mil
UG Healthcare: Analysts turn negative on UG Healthcare on industry headwinds
Thakral divests Hotel WBF Namba Motomachi in Osaka, Japan
Frasers Centrepoint Trust: As 'one of the most defensive S-REITs', Frasers Centrepoint Trust is top contender to enter STI: UOBKH
ESR-Logos : Analysts positive on ESR-LOGOS REIT amid recent acquisition of its first Japan asset
Property: New suburban condos now cost 53.6% more than million-dollar HDB flats: OrangeTee
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*World*
Europe’s main stock markets struck a mixed note in opening session
*US*
BofA Securities Upgrades PayPal Holdings to Buy From Neutral; Price Target is $114
Barclays Starts Blackstone at Overweight With $120 Price Target
Barclays Starts Apollo Global Management at Overweight With $70 Price Target
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*Asia / Apac Market*
Maybank positive on Telkom, initiates ‘buy’ with 5,500 rupiah target
Malaysia’s CIMB Group net profit up 18.1% in Q2
previous session: HK shares closed barely moved as bargain-buying after a recent sell-off was offset by more weak Chinese economic data; Australia: Miners, energy stocks drag shares lower
Asian stocks finished mostly lower amidst fresh concerns over economic growth in China as well as the renewed Covid curbs in the region
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