Market SnapshotSingapore stocks opened lower on Wednesday. STI fell 0.5%; Sembcorp rose 1.4%; LMIRT fell 4.4%; SIA rose 0.6%; SingPost fell 1%.Stocks to WatchSembcorp: The group’s subsidiary Sembcorp Utilities agreed to acquire a 30 per cent interest in energy supplier Senoko Energy for an undisclosed sum in a purchase agreement signed with energy solutions provider Engie Global Developments, said Sembcorp on Tuesday. The acquisition will not have a material impact on Sembcorp’s net tangible assets per share for the current fiscal year ending Dec 31. Shares of Sembcorp closed S$0.06 or 1.2 per cent higher at S$5.19, before the announcement.Lippo Malls Indonesia Retail Trust (LMIRT): Two rating agencies, Moody’s Investor Service and Fitch, withdrew the real estate investment trust’s credit
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SG Morning Call | Singapore Stocks Opened Flat on Thursday; Sabana Reit’s EGM to Vote on Proposed Internal Manager Directors to Be Postponed
Market SnapshotSingapore stocks opened flat on Thursday. STI was unchanged; Sabana Reit fell 1%; Seatrium rose 3%; SingPost rose 2%.Stocks to WatchSabana Industrial Real Estate Investment Trust (Sabana Reit) : The Reit’s requisitionists have rejected the trustee’s proposal to postpone the extraordinary general meeting to vote on the proposed internal manager directors. On Wednesday, the requisitionists noted that it will not change the amended resolutions as suggested by the trustee, as they believe their requisitions “provide clear directions”. Units of Sabana Reit closed 2.8 per cent or S$0.01 higher at S$0.37 before the news.Oiltek International : The renewable energy solutions provider on Thursday said it secured new contracts worth approximately RM19.5 million (S$5.9 million) from Afr
SG Morning Call | Singapore Stocks Opened Lower on Wednesday; Sembcorp to Acquire 30% Interest in Senoko Energy
SG Morning Call | Singapore Stocks Opened Lower on Wednesday; Sembcorp to Acquire 30% Interest in Senoko Energy
Singapore Stocks Soar to New Heights
The Straits Times Index continued its upward trajectory, rose 0.68% reaching a fresh 52-week high Tuesday, bringing its year-to-date increase to 11%. This puts it on course for its best annual performance since 2017. This impressive performance was driven by gains across various sectors, including airlines, banking, and telecommunications. $(STI.SI)$
Singapore Stocks Soar to New Heights
SG Morning Call | Singapore Stocks Opened Higher on Tuesday; SIA Group Passenger Capacity up 10.8% in August
Market SnapshotSingapore stocks opened higher on Tuesday. STI rose 0.3%; SIA rose 0.3%; DBS rose 0.2% 1%; SingPost fell 1%; Q&M Dental fell 1.8%;Stocks to WatchSingapore Airlines : The group recorded growth of 10.8 per cent for passenger capacity and 7.7 per cent for passenger traffic in its August operating update released on Monday. The national carrier and its budget arm Scoot flew 3.3 million passengers for the month. SIA shares closed 0.3 per cent or S$0.02 lower at S$6.50 before the announcement.DBS Group Holdings Ltd. saw sales of its semi-liquid fund products to Greater China spike this year and expects demand to remain high as investors boost allocation for alternative assets. The year-to-date sales of semi-liquid funds to Greater China investors grew 300% compared with a year
SG Morning Call | Singapore Stocks Opened Higher on Tuesday; SIA Group Passenger Capacity up 10.8% in August
SG Morning Call | Singapore Stocks Opened Lower on Monday; YZJ Shipbuilding Fell 1.2% after buying into Tsuneishi
Market SnapshotSingapore 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 NewsSingapore ranks as 2nd top global hub for cross-border capitalSingapore 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 unitYangzijiang Shipbuilding (Holdings) Ltd. has entered a joint venture with Tsuneishi Holdings Inc. (THD), acquiring a 34% equity stake in Tsuneishi Group (Zhoushan) Shipbuildin
SG Morning Call | Singapore Stocks Opened Lower on Monday; YZJ Shipbuilding Fell 1.2% after buying into Tsuneishi
SGX Weekly Review | STI Extends 5-Week Winning Run; SingPost, NIO Gain About 8%
Singapore's stocks rose this week, further improving on a 52-week high, mirroring gains in Wall Street. The Straits Times Index $(STI.SI)$ rose 3.13% to 3562.65 this week, extending a 5-week winning run.Market NewsEconomists Upgrade Singapore 2024 Growth Forecast, Central Bank Survey ShowsEconomists have upgraded their expectations for Singapore's growth in 2024, according to a survey by the country's central bank published on Wednesday, with better-than-expected external growth seen as the top upside driver for the economy.The median forecast of 21 economists surveyed by the Monetary Authority of Singapore (MAS) is for the economy to grow 2.6% this year, up from a forecast of 2.4% in surveys done in March and June. They also forecast economic g
SGX Weekly Review | STI Extends 5-Week Winning Run; SingPost, NIO Gain About 8%
SG Morning Call | Singapore Stocks Open Higher on Friday; NIO Falls 4%
Market SnapshotSingapore stocks opened higher on Friday. STI rose 0.2%; SIA rose 0.5%; DBS rose 0.2%; Singtel fell 0.6%; Seatrium rose 0.6%; Nio fell 4.2%.Stocks to Watch$CapitaLandInvest(9CI.SI)$ (CLI): The real estate manager said on Thursday its chief executive officer of private equity real estate, Simon Treacy, will be stepping down from his role effective Oct 31 for “personal reasons”. The group’s CEO Lee Chee Koon will concurrently lead as CEO of private equity real estate. Meanwhile, Treacy will be senior adviser to Lee from Nov 1. Shares of CLI closed 0.7 per cent or S$0.02 higher at S$2.87, before the announcement.$YZJ Shipbldg SGD(BS6.SI)$: The mainboard-listed shipbuilder said on Thursday
SG Morning Call | Singapore Stocks Open Higher on Friday; NIO Falls 4%
SG Morning Call | Singapore Stocks Rise on Thursday; DBS Gains 2%; Dyna-Mac Surges 25%
Market SnapshotSingapore stocks opened higher on Thursday. STI rose 0.7%; SIA rose 0.5%; DBS rose 1.8%; OCBC rose 0.6%; UOB rose 0.7%; Seatrium rose 1.9%; AEM 3.3%; Dyna-Mac rose 25.3%.Stocks to Watch$Sabana Reit(M1GU.SI)$: The Reit’s manager said on Wednesday that the former master tenant of the Reit’s premises at 33 and 35 Penjuru Lane has started the necessary process to enter into a creditors’ voluntary liquidation. The manager is taking legal advice and will take active steps to protect the interest of the Reit, including mitigating any losses arising from this development. Units of Sabana Reit closed flat at S$0.35 before the news.$Dyna-Mac(NO4.SI)$: South Korean company Hanwha has launched a v
SG Morning Call | Singapore Stocks Rise on Thursday; DBS Gains 2%; Dyna-Mac Surges 25%
SG Morning Call | Singapore Stocks Open Higher on Wednesday; SGX Gains 2.7%
Market SnapshotSingapore stocks opened higher on Wednesday. STI rose 0.3%; SIA rose 0.2%; DBS rose 0.8%; UOB rose 0.3%; Singtel and Seatrium fell 0.6%; Nio rose 1.3%; SGX rose 2.7%Stocks to Watch$Mapletree Logistics Trust(M44U.SI)$: Its manager on Tuesday announced its proposal to divest three warehouse properties in Malaysia for RM157.5 million (S$47.7 million). The proposed divestments are expected to be completed by FY2025. Units of Mapletree Logistics Trust closed 0.7 per cent or S$0.01 higher at S$1.43, before the news.$Sabana Reit(M1GU.SI)$: The Reit’s manager said on Tuesday that it had secured its first tenant to occupy the newly completed Sabana@1TA4 building, which is at 1 Tuas Avenue 4. R
SG Morning Call | Singapore Stocks Open Higher on Wednesday; SGX Gains 2.7%
SG Morning Call | Singapore Stocks Open Higher on Tuesday; Public Transport Fare Hike
Market SnapshotSingapore stocks opened higher on Tuesday. STI rose 0.3%; SIA rose 0.5%; DBS rose 0.4%; OCBC and UOB rose 0.3%; Singtel rose 1%; Seatrium rose 0.7%; Nio rose 12.5%; CSE Global fell 8.5%.Stocks to Watch$CSE Global(544.SI)$: The automation solutions provider on Monday said it has agreed to an US$8 million settlement payment with the customer of its wholly owned subsidiary, Hankin Environmental Systems. The settlement is expected to have a material adverse impact on the company’s financial position for the fiscal year ending Dec 31, as it will record the settlement sum for the financial year. The counter rose 1.1 per cent or S$0.005 to close at S$0.47, before the news.$Cordlife(P8A.SI)$: T
SG Morning Call | Singapore Stocks Open Higher on Tuesday; Public Transport Fare Hike
SG Morning Call | Singapore Stocks Open Lower on Monday; OCBC Drops 0.9%, NIO Gains 2%
Market SnapshotSingapore stocks opened lower on Monday. STI fell 0.4%; SIA rose 0.3%; OCBC fell 0.9%; Singtel fell 0.6%; Seatrium fell 1.3%; Nio rose 2%, SGX rose 0.7%.Stocks to Watch$SGX(S68.SI)$: The bourse’s total securities market turnover in August rose 22 per cent on the year to S$28.8 billion, while securities daily average value climbed 28 per cent on the year to S$1.4 billion. This comes as retail investors’ net purchases hit a new high of S$685 million, adding positions in index stocks as well as small and mid-caps. Shares of SGX closed 0.7 per cent or S$0.08 lower at S$10.87 on Friday.$Cordlife(P8A.SI)$: The embattled cord-blood bank on Friday said it has accepted a notice from the Ministry
SG Morning Call | Singapore Stocks Open Lower on Monday; OCBC Drops 0.9%, NIO Gains 2%
SGX Weekly Review｜SIA Rises 0.3%; NIO Surges 13%; CapitaLand China Reit Jumps 7%
Singapore stocks edged higher this week with the STI up 0.3%, following US labor market data and comments from a Federal Reserve official that bolster the case for an interest rate cut.Meanwhile, Singapore’s retail sales grew 1% YoY in July, below estimates by private-sector economists polled by Bloomberg.In terms of individual stocks, DBS rose 0.5%, Seatrium rose 5.4%, NIO surged 13.2%, Capitaland Investment (CLI) rose 3%; Genting Singapore gained 1.9%; Yangzijiang Shipbuilding rose 1.2%, CapitaLand China Reit (CLCT) rose 6.5%.Market NewsNIO Stock Jumps After Upbeat Outlooks for Revenue and EV DeliveriesNIO shares surged 13.2% this week as the China-based electric vehicle maker provided an upbeat outlook for the current quarter, with deliveries to reach another record and revenue to surpr
SGX Weekly Review｜SIA Rises 0.3%; NIO Surges 13%; CapitaLand China Reit Jumps 7%
SG Morning Call｜STI Fell 0.1%; Nio Rallied 12.8%; SingPost Slid 1.2%
Market SnapshotSingapore stocks opened lower on Friday (Sep 6). STI fell 0.1%; Nio rallied 12.8%; SingPost fell 1.2%.Stocks to WatchThe following companies saw new developments that may affect trading of their securities on Friday:$Nio(NIO.SI)$: The Chinese electric vehicle maker narrowed its Q2 loss for FY2024 by 16.7 per cent to 5.05 billion yuan (S$926.6 million) on higher sales. For Q3, Nio expects to deliver more vehicles, which would represent an over 10 year per cent quarter-on-quarter growth. It also expects higher revenue in the next quarter. Class A ordinary shares of Nio closed 0.9 per cent or US$0.04 higher at US$4.36 on Thursday, before the results were announced. $UOB(U11.SI)$: The
SG Morning Call｜STI Fell 0.1%; Nio Rallied 12.8%; SingPost Slid 1.2%
SG Morning Call | STI rose 0.5%; Singtel jumped 1.27%; NeraTel fell 2.5%
Market SnapshotSingapore stocks opened higher on Thursday. STI rose 0.5%; Singtel jumped 1.27%; NeraTel fell 2.5%.Stocks to Watch$IHH Healthcare(Q0F.SI)$: The integrated healthcare provider on Wednesday announced that its indirect wholly owned subsidiary, Pantai, was proposing to fully acquire Island Hospital in Penang, Malaysia, for RM3.9 billion (S$1.2 billion) in cash. The transaction will be funded through internally generated funds of IHH and its subsidiaries, as well as external borrowings. Shares of IHH closed 0.5 per cent or S$0.01 lower at S$1.91, before the announcement.$Nera Telecommunications(N01.SI)$ (NeraTel): The communications and network solutions provider has received an offer from T
SG Morning Call | STI rose 0.5%; Singtel jumped 1.27%; NeraTel fell 2.5%
SG Morning Call | STI Fell 1.68%; CapLand IntCom Dropped over 4%; OCBC Bank, DBS Group Sank over 2%.
Market SnapshotSingapore stocks opened lower on Wedneday. STI fell 1.68%; CapLand IntCom dropped over 4%; OCBC Bank, DBS Group dropped over 2%.Stocks to WatchTHE following companies saw new developments that may affect trading of their securities on Wednesday (Sep 4):$CapitaLand Integrated Commercial Trust(C38U.SI)$ (CICT): The trust will issue 171.7 million new units at an issue price of S$2.04 apiece. The manager on Wednesday said the placement was 3.7 times covered, and will raise about S$350.3 million. Meanwhile, its preferential offering will fetch about S$757.2 million at an issue price of S$2.007 apiece. CICT units finished Monday S$0.01 or 0.5 per cent higher at S$2.13, before the trust requested a trading halt on Tuesday. It will resum
SG Morning Call | STI Fell 1.68%; CapLand IntCom Dropped over 4%; OCBC Bank, DBS Group Sank over 2%.
SG Morning Call | Singapore Stocks Open Flat; Nio Rose 1.47%; SingPost Rose 1.15%
Market SnapshotSingapore stocks opened flat on Tuesday (Sep 3). STI rose 0.08%; Nio rose 1.47%; SingPost rose 1.15%.Stocks to WatchTHE following companies saw new developments that may affect trading of their securities on Tuesday:$CapitaLand Investment(9CI.SI)$ (CLI): It has agreed to sell a 50 per cent interest in Ion Orchard and its connecting underpass, Orchard Link, to $CapitaLand Integrated Commercial Trust(C38U.SI)$ (CICT) for an estimated purchase consideration of S$1.1 billion. On Tuesday, CICT’s manager said it will finance the transaction with proceeds from a private placement and a preferential offering. Shares of CLI closed Monday S$0.02 or 0.7 per cent lower at S$2.69, while CICT units
SG Morning Call | Singapore Stocks Open Flat; Nio Rose 1.47%; SingPost Rose 1.15%
SG Morning Call | Singapore Stocks Open Flat; Nio Falls 3%; Singtel Drops 1.3%
Market SnapshotSingapore stocks opened flat on Monday. Nio falls 3%; Singtel drops 1.3%.Stocks to WatchTHE following companies saw new developments that may affect trading of their securities on Monday (Sep 2):$Nio(NIO.SI)$: The Chinese electric vehicle carmaker on Sunday announced it delivered 20,176 vehicles in August, 4.4 per cent more than the corresponding year-ago period. This marks the fourth straight month in which the company has delivered more than 20,000 cars. Class A ordinary shares of Nio on the Singapore bourse jumped 11.3 per cent to US$4.33 last Friday, ahead of the update.$Sats(S58.SI)$: The ground handler and in-flight caterer’s subsidiary Worldwide Flight Services Holland is proposi
SG Morning Call | Singapore Stocks Open Flat; Nio Falls 3%; Singtel Drops 1.3%
SGX Weekly Review｜STI Rose 1.6%; Silverlake Soared 25% and SingTel Jumped 6%
Singapore stocks rose 1.62% this week, boosted by positive US economic data and strong performances among technology shares.Silverlake rose 25% after receiving privatisation offer with S$0.36 per share cash option. Singtel rose over 6% after collaborating with Hitachi on Data Centres in Japan. PEC rose over 5% as H2 net profit jumps 176% to S$10.8 million.Market NewsSingtel, Hitachi to Collaborate on Data Centres in JapanThe regional data centre arm of $Singtel(Z74.SI)$’s Digital InfraCo unit, Nxera, is exploring opportunities with Hitachi to develop data centres across Japan and potentially the wider Asia-Pacific region.This comes as part of a memorandum of understanding (MOU) signed between Singtel and Hitachi, both parties announced in a join
SGX Weekly Review｜STI Rose 1.6%; Silverlake Soared 25% and SingTel Jumped 6%
SG Morning Call｜Singapore Stocks Opened Higher on Friday; Cordlife Rose 6.6% as to Resume Cord-Blood Banking Service
Market SnapshotSingapore stocks opened higher on Friday. STI rose 0.4%, SIA rose 0.5%, Singtel rose 1.3%, Cordlife rose 6.6%, TC Auto fell 4%.Stocks to WatchSingapore Airlines(SIA): The flag carrier on Friday announced it received approval from India’s government for foreign direct investment into the entity resulting from the merger of its 49 per cent-associated company, Tata SIA Airlines – operating as Vistara – and Air India. Completion of the merger is now anticipated to occur by the end of the year, added the group. Shares of SIA ended Thursday S$0.02 or 0.3 per cent lower at S$6.21.GuocoLand: The property developer’s net profit for the second half of FY2024 ended Jun 30 fell 58 per cent to S$62.8 million, from S$148 million in the same period the year before. Revenue declined to S$75
SG Morning Call｜Singapore Stocks Opened Higher on Friday; Cordlife Rose 6.6% as to Resume Cord-Blood Banking Service
SG Morning Call｜Singapore Stocks Opened Lower on Thursday; PEC Rose 10.3% As H2 Net Profit Jumps 176%
Market SnapshotSingapore stocks opened lower on Thursday. STI fell 0.3%, SIA fell 0.6%, Nio fell 7%, KIT fell 1.1%, PEC rose 10.3%.Stocks to WatchPrudential: Its new business profit – a measure of profitability for insurance businesses – fell 1 per cent to US$1.47 billion on an actual exchange rate basis for the first half ended Jun 30, from US$1.49 billion a year earlier. The Asia-focused insurer on Wednesday attributed this marginal decline to high base effects across many markets last year. Shares of Prudential closed flat at US$8.99 on the Singapore Exchange, after the news.PEC: Its net profit surged 176 per cent to S$10.8 million for the second half ended Jun 30, from S$3.9 million in the previous corresponding period. The increase was mainly due to a rise in the number of projects an
SG Morning Call｜Singapore Stocks Opened Lower on Thursday; PEC Rose 10.3% As H2 Net Profit Jumps 176%
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