SG Morning Call | Singapore Stocks Opened Lower; Chinese Tycoon Heir Buys $62M Mansion-To The Moon - Tiger Brokers Online Investing Community

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SG Morning Call | Singapore Stocks Opened Lower; Chinese Tycoon Heir Buys $62M Mansion

TigerNews SG04-25

Market Snapshot

Singapore stocks opened lower on Thursday. STI fell 1.12%, DBS bank fell 0.84%, SIA fell 0.61%, Keppel fell 0.43%, Singtel fell 0.42%.

Stocks to Watch

Keppel : BN4: The global asset manager and operator said on Thursday that its Q1 net profit increased on the year, driven by stronger performance in the infrastructure and connectivity segments, excluding the effects of its legacy offshore and marine (O&M) assets. Including the effects, the net profit was lower, said the group without disclosing net profit figure. Revenue for the quarter was down 6.3 per cent to S$$1.5 billion, from S$1.6 billion in the year-ago period. Shares of Keppel closed Wednesday, up 1.1 per cent or S$0.08 to S$7.11.

Frasers Centrepoint Trust : J69U (FCT): It posted a 1.8 per cent drop in distribution per unit (DPU) for the first half ended Mar 31 to 6.022 Singapore cents, from 6.13 cents in the same period a year ago. The result came as FCT recorded declines in both its gross revenue and net property income, following lower contributions from Changi City Point, which was divested in October 2023, and from Tampines 1 due to the ongoing asset enhancement works, the manager said. FCT’s units closed 0.9 per cent or S$0.02 higher at S$2.18 on Wednesday.

Suntec Real Estate Investment Trust : T82U (Reit): Its DPU for the first quarter ended Mar 31, 2024 declined 13 per cent year on year to S$0.01511 in the absence of a capital distribution that concluded in end-2023. On Thursday, the Reit manager said DPU for the quarter was 1.8 per cent lower on an operational basis, excluding last year’s capital distribution. Suntec Reit units ended Wednesday S$0.01 or 0.9 per cent up at S$1.10.

OUE Reit : TS0U: The Reit posted net property income (NPI) of S$60.5 million for its first quarter ended March, up 6.9 per cent from S$56.6 million a year ago. Gross revenue increased 9.5 per cent to S$74.9 million for the quarter, from S$68.4 million a year ago. The Reit’s manager on Wednesday said the growth in NPI and revenue were mainly driven by higher contributions from Hilton Singapore Orchard – which reopened in 2023 after a rebranding exercise. Units of OUE Reit ended unchanged at S$0.270, before the news.

CapitaLand India Trust : CY6U (Clint): Clint’s NPI grew 19 per cent to 3.1 billion rupees (S$49.4 million) in the first quarter ended March, from 2.6 billion rupees a year ago. The trust’s manager on Wednesday attributed the increase to higher rental income from Clint’s properties. Total property income was 26 per cent higher, at 4.2 billion rupees. Units of Clint ended S$0.015 or 1.5 per cent higher at S$0.995, before the announcement.

Digital Core Reit : DCRU: Its manager said on Wednesday that the Reit posted distributable income of US$10.6 million for its first quarter ended March, 2024, down 2.4 per cent from US$10.9 million a year ago. Gross revenue decreased 8.2 per cent to US$24.6 million, from US$26.8 million a year ago. Units of Digital Core Reit closed flat at US$0.61, before the announcement.

OKP : 5CF: The infrastructure and civil engineering company’s wholly owned subsidiary, Eng Lam Contractors, secured a contract worth S$92.9 million from the Land Transport Authority for the construction of new cycling path networks. Its net construction order book has reached a record high of S$735.2 million, with contracts lasting till 2027. Its counter closed flat at S$0.275, before the announcement.

Cordlife Group : P8A: Its independent auditor KPMG will not be seeking re-appointment at its upcoming annual general meeting, after issuing a disclaimer of opinion on the company’s consolidated financial statements for FY2023. The Business Times reported on Wednesday that some of the cord-blood bank’s customers were also mulling over class action-type suits and are seeking legal opinion from various law firms. Shares of Cordlife ended Wednesday S$0.004 or 3.3 per cent higher at S$0.126

SG Local News

COE Quota for May-July up 2.7%

THE total Certificate of Entitlement (COE) quota for the period May to July 2024 has increased 2.7 per cent or 397 to 15,104, compared to the preceding three-month period of February to April 2024.

Quotas for the two passenger car categories, A and B, saw small increases, despite less addition to the quota from “cut-and-fill”.

Malaysia to Pilot QR Code at Checkpoints With Singapore

One of the world’s busiest land checkpoints is set to become less congested as Malaysians traveling to Singapore on factory buses will be able to clear immigration through QR code.

Under the new system, workers on factory buses will generate a QR code from a mobile application and officials will scan the code for each traveler. To be implemented in June, the new system applies to immigration complexes linked to the causeways between Singapore and Malaysia’s Johor, Channel News Asia reported, citing Johor’s committee on works, transportation and infrastructure.

Chinese Metal Tycoon’s Heir Buys $62 Million Singapore Mansion

The daughter of a Chinese nickel billionaire purchased a multimillion-dollar mansion in Singapore, adding to the list of wealthy people seizing buying opportunities during the market lull.

Xiang Yangyang, the daughter of Xiang Guangda, who owns Tsingshan Holding Group Co., the world’s largest nickel and stainless steelmaker, agreed to buy the 2,612 square meter (28,111 square foot) house in the country’s Bin Tong Park enclave, according to a property record seen by Bloomberg News.

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.

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Comment（4）

Suntzu
·04-25
Firstly only Singaporeans can buy GCBs. Next we Singaporeans shouldn't sit around, mope and complain. Step up to the opportunities and work hard to do well so we can deserve to own and buy a GCB.
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Tigerwong
·04-25
A sure sign that Singapore is the global rich man playground.
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Govan
·04-25
I o
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Success88
·04-25
There are concerns that Singapore's Good Class Bungalow (GCB) market could be increasingly dominated by foreigners. 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. 😔
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STI fell 1.12%, DBS bank fell 0.84%, SIA fell 0.61%, Keppel fell 0.43%, Singtel fell 0.42%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/6015784d795abc82b2717c0e702807c2\" tg-width=\"459\" tg-height=\"438\"/></p><h2 id=\"id_2780562245\">Stocks to Watch</h2><p><strong>Keppel : BN4</strong>: The global asset manager and operator said on Thursday that its Q1 net profit increased on the year, driven by stronger performance in the infrastructure and connectivity segments, excluding the effects of its legacy offshore and marine (O&amp;M) assets. Including the effects, the net profit was lower, said the group without disclosing net profit figure. Revenue for the quarter was down 6.3 per cent to S$$1.5 billion, from S$1.6 billion in the year-ago period. Shares of Keppel closed Wednesday, up 1.1 per cent or S$0.08 to S$7.11.</p><p style=\"text-align: start;\"><strong>Frasers Centrepoint Trust : J69U </strong>(FCT): It posted a 1.8 per cent drop in distribution per unit (DPU) for the first half ended Mar 31 to 6.022 Singapore cents, from 6.13 cents in the same period a year ago. The result came as FCT recorded declines in both its gross revenue and net property income, following lower contributions from Changi City Point, which was divested in October 2023, and from Tampines 1 due to the ongoing asset enhancement works, the manager said. FCT’s units closed 0.9 per cent or S$0.02 higher at S$2.18 on Wednesday.</p><p><strong>Suntec Real Estate Investment Trust : T82U </strong>(Reit): Its DPU for the first quarter ended Mar 31, 2024 declined 13 per cent year on year to S$0.01511 in the absence of a capital distribution that concluded in end-2023. On Thursday, the Reit manager said DPU for the quarter was 1.8 per cent lower on an operational basis, excluding last year’s capital distribution. Suntec Reit units ended Wednesday S$0.01 or 0.9 per cent up at S$1.10.</p><p style=\"text-align: start;\"><strong>OUE Reit : TS0U</strong>: The Reit posted net property income (NPI) of S$60.5 million for its first quarter ended March, up 6.9 per cent from S$56.6 million a year ago. Gross revenue increased 9.5 per cent to S$74.9 million for the quarter, from S$68.4 million a year ago. The Reit’s manager on Wednesday said the growth in NPI and revenue were mainly driven by higher contributions from Hilton Singapore Orchard – which reopened in 2023 after a rebranding exercise. Units of OUE Reit ended unchanged at S$0.270, before the news.</p><p style=\"text-align: start;\"><strong>CapitaLand India Trust : CY6U</strong> (Clint): Clint’s NPI grew 19 per cent to 3.1 billion rupees (S$49.4 million) in the first quarter ended March, from 2.6 billion rupees a year ago. The trust’s manager on Wednesday attributed the increase to higher rental income from Clint’s properties. Total property income was 26 per cent higher, at 4.2 billion rupees. Units of Clint ended S$0.015 or 1.5 per cent higher at S$0.995, before the announcement.</p><p><strong>Digital Core Reit : DCRU</strong>: Its manager said on Wednesday that the Reit posted distributable income of US$10.6 million for its first quarter ended March, 2024, down 2.4 per cent from US$10.9 million a year ago. Gross revenue decreased 8.2 per cent to US$24.6 million, from US$26.8 million a year ago. Units of Digital Core Reit closed flat at US$0.61, before the announcement.</p><p style=\"text-align: start;\"><strong>OKP : 5CF</strong>: The infrastructure and civil engineering company’s wholly owned subsidiary, Eng Lam Contractors, secured a contract worth S$92.9 million from the Land Transport Authority for the construction of new cycling path networks. Its net construction order book has reached a record high of S$735.2 million, with contracts lasting till 2027. Its counter closed flat at S$0.275, before the announcement.</p><p style=\"text-align: start;\"><strong>Cordlife Group : P8A</strong>: Its independent auditor KPMG will not be seeking re-appointment at its upcoming annual general meeting, after issuing a disclaimer of opinion on the company’s consolidated financial statements for FY2023. <em>The Business Times</em> reported on Wednesday that some of the cord-blood bank’s customers were also mulling over class action-type suits and are seeking legal opinion from various law firms. Shares of Cordlife ended Wednesday S$0.004 or 3.3 per cent higher at S$0.126</p><h2 id=\"id_3059161784\">SG Local News</h2><h3 id=\"id_3273226348\" style=\"text-align: start;\">COE Quota for May-July up 2.7%</h3><p>THE total Certificate of Entitlement (COE) quota for the period May to July 2024 has increased 2.7 per cent or 397 to 15,104, compared to the preceding three-month period of February to April 2024.</p><p style=\"text-align: start;\">Quotas for the two passenger car categories, A and B, saw small increases, despite less addition to the quota from “cut-and-fill”.</p><h3 id=\"id_186309976\">Malaysia to Pilot QR Code at Checkpoints With Singapore</h3><p>One of the world’s busiest land checkpoints is set to become less congested as Malaysians traveling to Singapore on factory buses will be able to clear immigration through QR code.</p><p style=\"text-align: start;\">Under the new system, workers on factory buses will generate a QR code from a mobile application and officials will scan the code for each traveler. To be implemented in June, the new system applies to immigration complexes linked to the causeways between Singapore and Malaysia’s Johor, Channel News Asia reported, citing Johor’s committee on works, transportation and infrastructure.</p><h3 id=\"id_1136287812\" style=\"text-align: start;\">Chinese Metal Tycoon’s Heir Buys $62 Million Singapore Mansion</h3><p>The daughter of a Chinese nickel billionaire purchased a multimillion-dollar mansion in Singapore, adding to the list of wealthy people seizing buying opportunities during the market lull.</p><p style=\"text-align: start;\">Xiang Yangyang, the daughter of Xiang Guangda, who owns Tsingshan Holding Group Co., the world’s largest nickel and stainless steelmaker, agreed to buy the 2,612 square meter (28,111 square foot) house in the country’s Bin Tong Park enclave, according to a property record seen by Bloomberg News.</p></body></html>","source":null,"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 Lower; Chinese Tycoon Heir Buys $62M Mansion</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 Lower; Chinese Tycoon Heir Buys $62M Mansion\n</h2>\n\n<h4 class=\"meta\">\n\n2024-04-25 09:02 北京时间&nbsp;&nbsp;&nbsp;<strong>TigerNews SG</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Market SnapshotSingapore stocks opened lower on Thursday. STI fell 1.12%, DBS bank fell 0.84%, SIA fell 0.61%, Keppel fell 0.43%, Singtel fell 0.42%.Stocks to WatchKeppel : BN4: The global asset ...</p>\n\n<a href=\"\">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":"BN4.SI","symbol_name":"吉宝有限公司","start_time":0,"source_url":"","article_id":"1136903884","we_media_id":"1050470178","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1136903884","pubTimestamp":1714006946,"sourceInfo":null,"weMediaInfo":{"media_name":"TigerNews SG","introduction":"Providing stock market headlines, business news, financials and earnings","home_visible":1,"id":"1050470178","head_image":"https://community-static.tradeup.com/news/f17a9a7b68c877792d5e556261e9e709"},"summary":"Stocks to WatchSingapore's $Keppel (BN4.SI)$ reported higher first-quarter profit on Thursday, driven by strong performance in its infrastructure and connectivity segments. Net profit from the both th","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BN4.SI":"吉宝有限公司","T82U.SI":"新达产业信托","STI.SI":"富时新加坡海峡指数","5E2.SI":"海庭"},"translate_title":"SG早盘看涨期权新加坡股市低开；中国大亨继承人购买6200万美元豪宅","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BN4.SI":1.1,"S51.SI":1.1,"STI.SI":1.1,"T82U.SI":1.1,"5E2.SI":1},"content_text":"Market SnapshotSingapore stocks opened lower on Thursday. STI fell 1.12%, DBS bank fell 0.84%, SIA fell 0.61%, Keppel fell 0.43%, Singtel fell 0.42%.Stocks to WatchKeppel : BN4: The global asset manager and operator said on Thursday that its Q1 net profit increased on the year, driven by stronger performance in the infrastructure and connectivity segments, excluding the effects of its legacy offshore and marine (O&M) assets. Including the effects, the net profit was lower, said the group without disclosing net profit figure. Revenue for the quarter was down 6.3 per cent to S$$1.5 billion, from S$1.6 billion in the year-ago period. Shares of Keppel closed Wednesday, up 1.1 per cent or S$0.08 to S$7.11.Frasers Centrepoint Trust : J69U (FCT): It posted a 1.8 per cent drop in distribution per unit (DPU) for the first half ended Mar 31 to 6.022 Singapore cents, from 6.13 cents in the same period a year ago. The result came as FCT recorded declines in both its gross revenue and net property income, following lower contributions from Changi City Point, which was divested in October 2023, and from Tampines 1 due to the ongoing asset enhancement works, the manager said. FCT’s units closed 0.9 per cent or S$0.02 higher at S$2.18 on Wednesday.Suntec Real Estate Investment Trust : T82U (Reit): Its DPU for the first quarter ended Mar 31, 2024 declined 13 per cent year on year to S$0.01511 in the absence of a capital distribution that concluded in end-2023. On Thursday, the Reit manager said DPU for the quarter was 1.8 per cent lower on an operational basis, excluding last year’s capital distribution. Suntec Reit units ended Wednesday S$0.01 or 0.9 per cent up at S$1.10.OUE Reit : TS0U: The Reit posted net property income (NPI) of S$60.5 million for its first quarter ended March, up 6.9 per cent from S$56.6 million a year ago. Gross revenue increased 9.5 per cent to S$74.9 million for the quarter, from S$68.4 million a year ago. The Reit’s manager on Wednesday said the growth in NPI and revenue were mainly driven by higher contributions from Hilton Singapore Orchard – which reopened in 2023 after a rebranding exercise. Units of OUE Reit ended unchanged at S$0.270, before the news.CapitaLand India Trust : CY6U (Clint): Clint’s NPI grew 19 per cent to 3.1 billion rupees (S$49.4 million) in the first quarter ended March, from 2.6 billion rupees a year ago. The trust’s manager on Wednesday attributed the increase to higher rental income from Clint’s properties. Total property income was 26 per cent higher, at 4.2 billion rupees. Units of Clint ended S$0.015 or 1.5 per cent higher at S$0.995, before the announcement.Digital Core Reit : DCRU: Its manager said on Wednesday that the Reit posted distributable income of US$10.6 million for its first quarter ended March, 2024, down 2.4 per cent from US$10.9 million a year ago. Gross revenue decreased 8.2 per cent to US$24.6 million, from US$26.8 million a year ago. Units of Digital Core Reit closed flat at US$0.61, before the announcement.OKP : 5CF: The infrastructure and civil engineering company’s wholly owned subsidiary, Eng Lam Contractors, secured a contract worth S$92.9 million from the Land Transport Authority for the construction of new cycling path networks. Its net construction order book has reached a record high of S$735.2 million, with contracts lasting till 2027. Its counter closed flat at S$0.275, before the announcement.Cordlife Group : P8A: Its independent auditor KPMG will not be seeking re-appointment at its upcoming annual general meeting, after issuing a disclaimer of opinion on the company’s consolidated financial statements for FY2023. The Business Times reported on Wednesday that some of the cord-blood bank’s customers were also mulling over class action-type suits and are seeking legal opinion from various law firms. Shares of Cordlife ended Wednesday S$0.004 or 3.3 per cent higher at S$0.126SG Local NewsCOE Quota for May-July up 2.7%THE total Certificate of Entitlement (COE) quota for the period May to July 2024 has increased 2.7 per cent or 397 to 15,104, compared to the preceding three-month period of February to April 2024.Quotas for the two passenger car categories, A and B, saw small increases, despite less addition to the quota from “cut-and-fill”.Malaysia to Pilot QR Code at Checkpoints With SingaporeOne of the world’s busiest land checkpoints is set to become less congested as Malaysians traveling to Singapore on factory buses will be able to clear immigration through QR code.Under the new system, workers on factory buses will generate a QR code from a mobile application and officials will scan the code for each traveler. To be implemented in June, the new system applies to immigration complexes linked to the causeways between Singapore and Malaysia’s Johor, Channel News Asia reported, citing Johor’s committee on works, transportation and infrastructure.Chinese Metal Tycoon’s Heir Buys $62 Million Singapore MansionThe daughter of a Chinese nickel billionaire purchased a multimillion-dollar mansion in Singapore, adding to the list of wealthy people seizing buying opportunities during the market lull.Xiang Yangyang, the daughter of Xiang Guangda, who owns Tsingshan Holding Group Co., the world’s largest nickel and stainless steelmaker, agreed to buy the 2,612 square meter (28,111 square foot) house in the country’s Bin Tong Park enclave, according to a property record seen by Bloomberg News.","kind":null,"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":0},"commentList":[{"id":298912226680896,"gmtCreate":1714008519451,"gmtModify":1714008523304,"author":{"id":"3554892564458029","authorId":"3554892564458029","name":"Suntzu","avatar":"https://static.tigerbbs.com/84f27b99ce3923fd204d282f65a24d52","vip":1,"crmLevel":8,"crmLevelSwitch":0,"idStr":"3554892564458029","authorIdStr":"3554892564458029"},"htmlText":"Firstly only Singaporeans can buy GCBs. Next we Singaporeans shouldn't sit around, mope and complain. Step up to the opportunities and work hard to do well so we can deserve to own and buy a GCB.&nbsp;","listText":"Firstly only Singaporeans can buy GCBs. Next we Singaporeans shouldn't sit around, mope and complain. Step up to the opportunities and work hard to do well so we can deserve to own and buy a GCB.&nbsp;","text":"Firstly only Singaporeans can buy GCBs. Next we Singaporeans shouldn't sit around, mope and complain. Step up to the opportunities and work hard to do well so we can deserve to own and buy a GCB.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/298912226680896","repostId":1136903884,"repostType":2,"repost":{"id":"1136903884","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":1714006946,"share":"https://ttm.financial/m/news/1136903884?lang=&edition=fundamental","pubTime":"2024-04-25 09:02","market":"sg","language":"en","title":"SG Morning Call | Singapore Stocks Opened Lower; Chinese Tycoon Heir Buys $62M Mansion","url":"https://stock-news.laohu8.com/highlight/detail?id=1136903884","media":"TigerNews SG","summary":"Stocks to WatchSingapore's $Keppel (BN4.SI)$ reported higher first-quarter profit on Thursday, driven by strong performance in its infrastructure and connectivity segments. Net profit from the both th","content":"<html><head></head><body><h2 id=\"id_2780928662\">Market Snapshot</h2><p>Singapore stocks opened lower on Thursday. STI fell 1.12%, DBS bank fell 0.84%, SIA fell 0.61%, Keppel fell 0.43%, Singtel fell 0.42%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/6015784d795abc82b2717c0e702807c2\" tg-width=\"459\" tg-height=\"438\"/></p><h2 id=\"id_2780562245\">Stocks to Watch</h2><p><strong>Keppel : BN4</strong>: The global asset manager and operator said on Thursday that its Q1 net profit increased on the year, driven by stronger performance in the infrastructure and connectivity segments, excluding the effects of its legacy offshore and marine (O&amp;M) assets. Including the effects, the net profit was lower, said the group without disclosing net profit figure. Revenue for the quarter was down 6.3 per cent to S$$1.5 billion, from S$1.6 billion in the year-ago period. Shares of Keppel closed Wednesday, up 1.1 per cent or S$0.08 to S$7.11.</p><p style=\"text-align: start;\"><strong>Frasers Centrepoint Trust : J69U </strong>(FCT): It posted a 1.8 per cent drop in distribution per unit (DPU) for the first half ended Mar 31 to 6.022 Singapore cents, from 6.13 cents in the same period a year ago. The result came as FCT recorded declines in both its gross revenue and net property income, following lower contributions from Changi City Point, which was divested in October 2023, and from Tampines 1 due to the ongoing asset enhancement works, the manager said. FCT’s units closed 0.9 per cent or S$0.02 higher at S$2.18 on Wednesday.</p><p><strong>Suntec Real Estate Investment Trust : T82U </strong>(Reit): Its DPU for the first quarter ended Mar 31, 2024 declined 13 per cent year on year to S$0.01511 in the absence of a capital distribution that concluded in end-2023. On Thursday, the Reit manager said DPU for the quarter was 1.8 per cent lower on an operational basis, excluding last year’s capital distribution. Suntec Reit units ended Wednesday S$0.01 or 0.9 per cent up at S$1.10.</p><p style=\"text-align: start;\"><strong>OUE Reit : TS0U</strong>: The Reit posted net property income (NPI) of S$60.5 million for its first quarter ended March, up 6.9 per cent from S$56.6 million a year ago. Gross revenue increased 9.5 per cent to S$74.9 million for the quarter, from S$68.4 million a year ago. The Reit’s manager on Wednesday said the growth in NPI and revenue were mainly driven by higher contributions from Hilton Singapore Orchard – which reopened in 2023 after a rebranding exercise. Units of OUE Reit ended unchanged at S$0.270, before the news.</p><p style=\"text-align: start;\"><strong>CapitaLand India Trust : CY6U</strong> (Clint): Clint’s NPI grew 19 per cent to 3.1 billion rupees (S$49.4 million) in the first quarter ended March, from 2.6 billion rupees a year ago. The trust’s manager on Wednesday attributed the increase to higher rental income from Clint’s properties. Total property income was 26 per cent higher, at 4.2 billion rupees. Units of Clint ended S$0.015 or 1.5 per cent higher at S$0.995, before the announcement.</p><p><strong>Digital Core Reit : DCRU</strong>: Its manager said on Wednesday that the Reit posted distributable income of US$10.6 million for its first quarter ended March, 2024, down 2.4 per cent from US$10.9 million a year ago. Gross revenue decreased 8.2 per cent to US$24.6 million, from US$26.8 million a year ago. Units of Digital Core Reit closed flat at US$0.61, before the announcement.</p><p style=\"text-align: start;\"><strong>OKP : 5CF</strong>: The infrastructure and civil engineering company’s wholly owned subsidiary, Eng Lam Contractors, secured a contract worth S$92.9 million from the Land Transport Authority for the construction of new cycling path networks. Its net construction order book has reached a record high of S$735.2 million, with contracts lasting till 2027. Its counter closed flat at S$0.275, before the announcement.</p><p style=\"text-align: start;\"><strong>Cordlife Group : P8A</strong>: Its independent auditor KPMG will not be seeking re-appointment at its upcoming annual general meeting, after issuing a disclaimer of opinion on the company’s consolidated financial statements for FY2023. <em>The Business Times</em> reported on Wednesday that some of the cord-blood bank’s customers were also mulling over class action-type suits and are seeking legal opinion from various law firms. Shares of Cordlife ended Wednesday S$0.004 or 3.3 per cent higher at S$0.126</p><h2 id=\"id_3059161784\">SG Local News</h2><h3 id=\"id_3273226348\" style=\"text-align: start;\">COE Quota for May-July up 2.7%</h3><p>THE total Certificate of Entitlement (COE) quota for the period May to July 2024 has increased 2.7 per cent or 397 to 15,104, compared to the preceding three-month period of February to April 2024.</p><p style=\"text-align: start;\">Quotas for the two passenger car categories, A and B, saw small increases, despite less addition to the quota from “cut-and-fill”.</p><h3 id=\"id_186309976\">Malaysia to Pilot QR Code at Checkpoints With Singapore</h3><p>One of the world’s busiest land checkpoints is set to become less congested as Malaysians traveling to Singapore on factory buses will be able to clear immigration through QR code.</p><p style=\"text-align: start;\">Under the new system, workers on factory buses will generate a QR code from a mobile application and officials will scan the code for each traveler. To be implemented in June, the new system applies to immigration complexes linked to the causeways between Singapore and Malaysia’s Johor, Channel News Asia reported, citing Johor’s committee on works, transportation and infrastructure.</p><h3 id=\"id_1136287812\" style=\"text-align: start;\">Chinese Metal Tycoon’s Heir Buys $62 Million Singapore Mansion</h3><p>The daughter of a Chinese nickel billionaire purchased a multimillion-dollar mansion in Singapore, adding to the list of wealthy people seizing buying opportunities during the market lull.</p><p style=\"text-align: start;\">Xiang Yangyang, the daughter of Xiang Guangda, who owns Tsingshan Holding Group Co., the world’s largest nickel and stainless steelmaker, agreed to buy the 2,612 square meter (28,111 square foot) house in the country’s Bin Tong Park enclave, according to a property record seen by Bloomberg News.</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 Lower; Chinese Tycoon Heir Buys $62M Mansion</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 Lower; Chinese Tycoon Heir Buys $62M Mansion\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\">2024-04-25 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 lower on Thursday. STI fell 1.12%, DBS bank fell 0.84%, SIA fell 0.61%, Keppel fell 0.43%, Singtel fell 0.42%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/6015784d795abc82b2717c0e702807c2\" tg-width=\"459\" tg-height=\"438\"/></p><h2 id=\"id_2780562245\">Stocks to Watch</h2><p><strong>Keppel : BN4</strong>: The global asset manager and operator said on Thursday that its Q1 net profit increased on the year, driven by stronger performance in the infrastructure and connectivity segments, excluding the effects of its legacy offshore and marine (O&amp;M) assets. Including the effects, the net profit was lower, said the group without disclosing net profit figure. Revenue for the quarter was down 6.3 per cent to S$$1.5 billion, from S$1.6 billion in the year-ago period. Shares of Keppel closed Wednesday, up 1.1 per cent or S$0.08 to S$7.11.</p><p style=\"text-align: start;\"><strong>Frasers Centrepoint Trust : J69U </strong>(FCT): It posted a 1.8 per cent drop in distribution per unit (DPU) for the first half ended Mar 31 to 6.022 Singapore cents, from 6.13 cents in the same period a year ago. The result came as FCT recorded declines in both its gross revenue and net property income, following lower contributions from Changi City Point, which was divested in October 2023, and from Tampines 1 due to the ongoing asset enhancement works, the manager said. FCT’s units closed 0.9 per cent or S$0.02 higher at S$2.18 on Wednesday.</p><p><strong>Suntec Real Estate Investment Trust : T82U </strong>(Reit): Its DPU for the first quarter ended Mar 31, 2024 declined 13 per cent year on year to S$0.01511 in the absence of a capital distribution that concluded in end-2023. On Thursday, the Reit manager said DPU for the quarter was 1.8 per cent lower on an operational basis, excluding last year’s capital distribution. Suntec Reit units ended Wednesday S$0.01 or 0.9 per cent up at S$1.10.</p><p style=\"text-align: start;\"><strong>OUE Reit : TS0U</strong>: The Reit posted net property income (NPI) of S$60.5 million for its first quarter ended March, up 6.9 per cent from S$56.6 million a year ago. Gross revenue increased 9.5 per cent to S$74.9 million for the quarter, from S$68.4 million a year ago. The Reit’s manager on Wednesday said the growth in NPI and revenue were mainly driven by higher contributions from Hilton Singapore Orchard – which reopened in 2023 after a rebranding exercise. Units of OUE Reit ended unchanged at S$0.270, before the news.</p><p style=\"text-align: start;\"><strong>CapitaLand India Trust : CY6U</strong> (Clint): Clint’s NPI grew 19 per cent to 3.1 billion rupees (S$49.4 million) in the first quarter ended March, from 2.6 billion rupees a year ago. The trust’s manager on Wednesday attributed the increase to higher rental income from Clint’s properties. Total property income was 26 per cent higher, at 4.2 billion rupees. Units of Clint ended S$0.015 or 1.5 per cent higher at S$0.995, before the announcement.</p><p><strong>Digital Core Reit : DCRU</strong>: Its manager said on Wednesday that the Reit posted distributable income of US$10.6 million for its first quarter ended March, 2024, down 2.4 per cent from US$10.9 million a year ago. Gross revenue decreased 8.2 per cent to US$24.6 million, from US$26.8 million a year ago. Units of Digital Core Reit closed flat at US$0.61, before the announcement.</p><p style=\"text-align: start;\"><strong>OKP : 5CF</strong>: The infrastructure and civil engineering company’s wholly owned subsidiary, Eng Lam Contractors, secured a contract worth S$92.9 million from the Land Transport Authority for the construction of new cycling path networks. Its net construction order book has reached a record high of S$735.2 million, with contracts lasting till 2027. Its counter closed flat at S$0.275, before the announcement.</p><p style=\"text-align: start;\"><strong>Cordlife Group : P8A</strong>: Its independent auditor KPMG will not be seeking re-appointment at its upcoming annual general meeting, after issuing a disclaimer of opinion on the company’s consolidated financial statements for FY2023. <em>The Business Times</em> reported on Wednesday that some of the cord-blood bank’s customers were also mulling over class action-type suits and are seeking legal opinion from various law firms. Shares of Cordlife ended Wednesday S$0.004 or 3.3 per cent higher at S$0.126</p><h2 id=\"id_3059161784\">SG Local News</h2><h3 id=\"id_3273226348\" style=\"text-align: start;\">COE Quota for May-July up 2.7%</h3><p>THE total Certificate of Entitlement (COE) quota for the period May to July 2024 has increased 2.7 per cent or 397 to 15,104, compared to the preceding three-month period of February to April 2024.</p><p style=\"text-align: start;\">Quotas for the two passenger car categories, A and B, saw small increases, despite less addition to the quota from “cut-and-fill”.</p><h3 id=\"id_186309976\">Malaysia to Pilot QR Code at Checkpoints With Singapore</h3><p>One of the world’s busiest land checkpoints is set to become less congested as Malaysians traveling to Singapore on factory buses will be able to clear immigration through QR code.</p><p style=\"text-align: start;\">Under the new system, workers on factory buses will generate a QR code from a mobile application and officials will scan the code for each traveler. To be implemented in June, the new system applies to immigration complexes linked to the causeways between Singapore and Malaysia’s Johor, Channel News Asia reported, citing Johor’s committee on works, transportation and infrastructure.</p><h3 id=\"id_1136287812\" style=\"text-align: start;\">Chinese Metal Tycoon’s Heir Buys $62 Million Singapore Mansion</h3><p>The daughter of a Chinese nickel billionaire purchased a multimillion-dollar mansion in Singapore, adding to the list of wealthy people seizing buying opportunities during the market lull.</p><p style=\"text-align: start;\">Xiang Yangyang, the daughter of Xiang Guangda, who owns Tsingshan Holding Group Co., the world’s largest nickel and stainless steelmaker, agreed to buy the 2,612 square meter (28,111 square foot) house in the country’s Bin Tong Park enclave, according to a property record seen by Bloomberg News.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"T82U.SI":"新达产业信托","BN4.SI":"吉宝有限公司","5E2.SI":"海庭","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":"1136903884","content_text":"Market SnapshotSingapore stocks opened lower on Thursday. STI fell 1.12%, DBS bank fell 0.84%, SIA fell 0.61%, Keppel fell 0.43%, Singtel fell 0.42%.Stocks to WatchKeppel : BN4: The global asset manager and operator said on Thursday that its Q1 net profit increased on the year, driven by stronger performance in the infrastructure and connectivity segments, excluding the effects of its legacy offshore and marine (O&M) assets. Including the effects, the net profit was lower, said the group without disclosing net profit figure. Revenue for the quarter was down 6.3 per cent to S$$1.5 billion, from S$1.6 billion in the year-ago period. Shares of Keppel closed Wednesday, up 1.1 per cent or S$0.08 to S$7.11.Frasers Centrepoint Trust : J69U (FCT): It posted a 1.8 per cent drop in distribution per unit (DPU) for the first half ended Mar 31 to 6.022 Singapore cents, from 6.13 cents in the same period a year ago. The result came as FCT recorded declines in both its gross revenue and net property income, following lower contributions from Changi City Point, which was divested in October 2023, and from Tampines 1 due to the ongoing asset enhancement works, the manager said. FCT’s units closed 0.9 per cent or S$0.02 higher at S$2.18 on Wednesday.Suntec Real Estate Investment Trust : T82U (Reit): Its DPU for the first quarter ended Mar 31, 2024 declined 13 per cent year on year to S$0.01511 in the absence of a capital distribution that concluded in end-2023. On Thursday, the Reit manager said DPU for the quarter was 1.8 per cent lower on an operational basis, excluding last year’s capital distribution. Suntec Reit units ended Wednesday S$0.01 or 0.9 per cent up at S$1.10.OUE Reit : TS0U: The Reit posted net property income (NPI) of S$60.5 million for its first quarter ended March, up 6.9 per cent from S$56.6 million a year ago. Gross revenue increased 9.5 per cent to S$74.9 million for the quarter, from S$68.4 million a year ago. The Reit’s manager on Wednesday said the growth in NPI and revenue were mainly driven by higher contributions from Hilton Singapore Orchard – which reopened in 2023 after a rebranding exercise. Units of OUE Reit ended unchanged at S$0.270, before the news.CapitaLand India Trust : CY6U (Clint): Clint’s NPI grew 19 per cent to 3.1 billion rupees (S$49.4 million) in the first quarter ended March, from 2.6 billion rupees a year ago. The trust’s manager on Wednesday attributed the increase to higher rental income from Clint’s properties. Total property income was 26 per cent higher, at 4.2 billion rupees. Units of Clint ended S$0.015 or 1.5 per cent higher at S$0.995, before the announcement.Digital Core Reit : DCRU: Its manager said on Wednesday that the Reit posted distributable income of US$10.6 million for its first quarter ended March, 2024, down 2.4 per cent from US$10.9 million a year ago. Gross revenue decreased 8.2 per cent to US$24.6 million, from US$26.8 million a year ago. Units of Digital Core Reit closed flat at US$0.61, before the announcement.OKP : 5CF: The infrastructure and civil engineering company’s wholly owned subsidiary, Eng Lam Contractors, secured a contract worth S$92.9 million from the Land Transport Authority for the construction of new cycling path networks. Its net construction order book has reached a record high of S$735.2 million, with contracts lasting till 2027. Its counter closed flat at S$0.275, before the announcement.Cordlife Group : P8A: Its independent auditor KPMG will not be seeking re-appointment at its upcoming annual general meeting, after issuing a disclaimer of opinion on the company’s consolidated financial statements for FY2023. The Business Times reported on Wednesday that some of the cord-blood bank’s customers were also mulling over class action-type suits and are seeking legal opinion from various law firms. Shares of Cordlife ended Wednesday S$0.004 or 3.3 per cent higher at S$0.126SG Local NewsCOE Quota for May-July up 2.7%THE total Certificate of Entitlement (COE) quota for the period May to July 2024 has increased 2.7 per cent or 397 to 15,104, compared to the preceding three-month period of February to April 2024.Quotas for the two passenger car categories, A and B, saw small increases, despite less addition to the quota from “cut-and-fill”.Malaysia to Pilot QR Code at Checkpoints With SingaporeOne of the world’s busiest land checkpoints is set to become less congested as Malaysians traveling to Singapore on factory buses will be able to clear immigration through QR code.Under the new system, workers on factory buses will generate a QR code from a mobile application and officials will scan the code for each traveler. To be implemented in June, the new system applies to immigration complexes linked to the causeways between Singapore and Malaysia’s Johor, Channel News Asia reported, citing Johor’s committee on works, transportation and infrastructure.Chinese Metal Tycoon’s Heir Buys $62 Million Singapore MansionThe daughter of a Chinese nickel billionaire purchased a multimillion-dollar mansion in Singapore, adding to the list of wealthy people seizing buying opportunities during the market lull.Xiang Yangyang, the daughter of Xiang Guangda, who owns Tsingshan Holding Group Co., the world’s largest nickel and stainless steelmaker, agreed to buy the 2,612 square meter (28,111 square foot) house in the country’s Bin Tong Park enclave, according to a property record seen by Bloomberg News.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":298906594160784,"gmtCreate":1714007057457,"gmtModify":1714007060769,"author":{"id":"4103505618857970","authorId":"4103505618857970","name":"Tigerwong","avatar":"https://static.itradeup.com/news/117d896e04ecaa5155e012726668c759","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"4103505618857970","authorIdStr":"4103505618857970"},"htmlText":"A sure sign that Singapore is the global rich man playground.","listText":"A sure sign that Singapore is the global rich man playground.","text":"A sure sign that Singapore is the global rich man playground.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/298906594160784","repostId":1136903884,"repostType":4,"repost":{"id":"1136903884","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":1714006946,"share":"https://ttm.financial/m/news/1136903884?lang=&edition=fundamental","pubTime":"2024-04-25 09:02","market":"sg","language":"en","title":"SG Morning Call | Singapore Stocks Opened Lower; Chinese Tycoon Heir Buys $62M Mansion","url":"https://stock-news.laohu8.com/highlight/detail?id=1136903884","media":"TigerNews SG","summary":"Stocks to WatchSingapore's $Keppel (BN4.SI)$ reported higher first-quarter profit on Thursday, driven by strong performance in its infrastructure and connectivity segments. Net profit from the both th","content":"<html><head></head><body><h2 id=\"id_2780928662\">Market Snapshot</h2><p>Singapore stocks opened lower on Thursday. STI fell 1.12%, DBS bank fell 0.84%, SIA fell 0.61%, Keppel fell 0.43%, Singtel fell 0.42%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/6015784d795abc82b2717c0e702807c2\" tg-width=\"459\" tg-height=\"438\"/></p><h2 id=\"id_2780562245\">Stocks to Watch</h2><p><strong>Keppel : BN4</strong>: The global asset manager and operator said on Thursday that its Q1 net profit increased on the year, driven by stronger performance in the infrastructure and connectivity segments, excluding the effects of its legacy offshore and marine (O&amp;M) assets. Including the effects, the net profit was lower, said the group without disclosing net profit figure. Revenue for the quarter was down 6.3 per cent to S$$1.5 billion, from S$1.6 billion in the year-ago period. Shares of Keppel closed Wednesday, up 1.1 per cent or S$0.08 to S$7.11.</p><p style=\"text-align: start;\"><strong>Frasers Centrepoint Trust : J69U </strong>(FCT): It posted a 1.8 per cent drop in distribution per unit (DPU) for the first half ended Mar 31 to 6.022 Singapore cents, from 6.13 cents in the same period a year ago. The result came as FCT recorded declines in both its gross revenue and net property income, following lower contributions from Changi City Point, which was divested in October 2023, and from Tampines 1 due to the ongoing asset enhancement works, the manager said. FCT’s units closed 0.9 per cent or S$0.02 higher at S$2.18 on Wednesday.</p><p><strong>Suntec Real Estate Investment Trust : T82U </strong>(Reit): Its DPU for the first quarter ended Mar 31, 2024 declined 13 per cent year on year to S$0.01511 in the absence of a capital distribution that concluded in end-2023. On Thursday, the Reit manager said DPU for the quarter was 1.8 per cent lower on an operational basis, excluding last year’s capital distribution. Suntec Reit units ended Wednesday S$0.01 or 0.9 per cent up at S$1.10.</p><p style=\"text-align: start;\"><strong>OUE Reit : TS0U</strong>: The Reit posted net property income (NPI) of S$60.5 million for its first quarter ended March, up 6.9 per cent from S$56.6 million a year ago. Gross revenue increased 9.5 per cent to S$74.9 million for the quarter, from S$68.4 million a year ago. The Reit’s manager on Wednesday said the growth in NPI and revenue were mainly driven by higher contributions from Hilton Singapore Orchard – which reopened in 2023 after a rebranding exercise. Units of OUE Reit ended unchanged at S$0.270, before the news.</p><p style=\"text-align: start;\"><strong>CapitaLand India Trust : CY6U</strong> (Clint): Clint’s NPI grew 19 per cent to 3.1 billion rupees (S$49.4 million) in the first quarter ended March, from 2.6 billion rupees a year ago. The trust’s manager on Wednesday attributed the increase to higher rental income from Clint’s properties. Total property income was 26 per cent higher, at 4.2 billion rupees. Units of Clint ended S$0.015 or 1.5 per cent higher at S$0.995, before the announcement.</p><p><strong>Digital Core Reit : DCRU</strong>: Its manager said on Wednesday that the Reit posted distributable income of US$10.6 million for its first quarter ended March, 2024, down 2.4 per cent from US$10.9 million a year ago. Gross revenue decreased 8.2 per cent to US$24.6 million, from US$26.8 million a year ago. Units of Digital Core Reit closed flat at US$0.61, before the announcement.</p><p style=\"text-align: start;\"><strong>OKP : 5CF</strong>: The infrastructure and civil engineering company’s wholly owned subsidiary, Eng Lam Contractors, secured a contract worth S$92.9 million from the Land Transport Authority for the construction of new cycling path networks. Its net construction order book has reached a record high of S$735.2 million, with contracts lasting till 2027. Its counter closed flat at S$0.275, before the announcement.</p><p style=\"text-align: start;\"><strong>Cordlife Group : P8A</strong>: Its independent auditor KPMG will not be seeking re-appointment at its upcoming annual general meeting, after issuing a disclaimer of opinion on the company’s consolidated financial statements for FY2023. <em>The Business Times</em> reported on Wednesday that some of the cord-blood bank’s customers were also mulling over class action-type suits and are seeking legal opinion from various law firms. Shares of Cordlife ended Wednesday S$0.004 or 3.3 per cent higher at S$0.126</p><h2 id=\"id_3059161784\">SG Local News</h2><h3 id=\"id_3273226348\" style=\"text-align: start;\">COE Quota for May-July up 2.7%</h3><p>THE total Certificate of Entitlement (COE) quota for the period May to July 2024 has increased 2.7 per cent or 397 to 15,104, compared to the preceding three-month period of February to April 2024.</p><p style=\"text-align: start;\">Quotas for the two passenger car categories, A and B, saw small increases, despite less addition to the quota from “cut-and-fill”.</p><h3 id=\"id_186309976\">Malaysia to Pilot QR Code at Checkpoints With Singapore</h3><p>One of the world’s busiest land checkpoints is set to become less congested as Malaysians traveling to Singapore on factory buses will be able to clear immigration through QR code.</p><p style=\"text-align: start;\">Under the new system, workers on factory buses will generate a QR code from a mobile application and officials will scan the code for each traveler. To be implemented in June, the new system applies to immigration complexes linked to the causeways between Singapore and Malaysia’s Johor, Channel News Asia reported, citing Johor’s committee on works, transportation and infrastructure.</p><h3 id=\"id_1136287812\" style=\"text-align: start;\">Chinese Metal Tycoon’s Heir Buys $62 Million Singapore Mansion</h3><p>The daughter of a Chinese nickel billionaire purchased a multimillion-dollar mansion in Singapore, adding to the list of wealthy people seizing buying opportunities during the market lull.</p><p style=\"text-align: start;\">Xiang Yangyang, the daughter of Xiang Guangda, who owns Tsingshan Holding Group Co., the world’s largest nickel and stainless steelmaker, agreed to buy the 2,612 square meter (28,111 square foot) house in the country’s Bin Tong Park enclave, according to a property record seen by Bloomberg News.</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 Lower; Chinese Tycoon Heir Buys $62M Mansion</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 Lower; Chinese Tycoon Heir Buys $62M Mansion\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\">2024-04-25 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 lower on Thursday. STI fell 1.12%, DBS bank fell 0.84%, SIA fell 0.61%, Keppel fell 0.43%, Singtel fell 0.42%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/6015784d795abc82b2717c0e702807c2\" tg-width=\"459\" tg-height=\"438\"/></p><h2 id=\"id_2780562245\">Stocks to Watch</h2><p><strong>Keppel : BN4</strong>: The global asset manager and operator said on Thursday that its Q1 net profit increased on the year, driven by stronger performance in the infrastructure and connectivity segments, excluding the effects of its legacy offshore and marine (O&amp;M) assets. Including the effects, the net profit was lower, said the group without disclosing net profit figure. Revenue for the quarter was down 6.3 per cent to S$$1.5 billion, from S$1.6 billion in the year-ago period. Shares of Keppel closed Wednesday, up 1.1 per cent or S$0.08 to S$7.11.</p><p style=\"text-align: start;\"><strong>Frasers Centrepoint Trust : J69U </strong>(FCT): It posted a 1.8 per cent drop in distribution per unit (DPU) for the first half ended Mar 31 to 6.022 Singapore cents, from 6.13 cents in the same period a year ago. The result came as FCT recorded declines in both its gross revenue and net property income, following lower contributions from Changi City Point, which was divested in October 2023, and from Tampines 1 due to the ongoing asset enhancement works, the manager said. FCT’s units closed 0.9 per cent or S$0.02 higher at S$2.18 on Wednesday.</p><p><strong>Suntec Real Estate Investment Trust : T82U </strong>(Reit): Its DPU for the first quarter ended Mar 31, 2024 declined 13 per cent year on year to S$0.01511 in the absence of a capital distribution that concluded in end-2023. On Thursday, the Reit manager said DPU for the quarter was 1.8 per cent lower on an operational basis, excluding last year’s capital distribution. Suntec Reit units ended Wednesday S$0.01 or 0.9 per cent up at S$1.10.</p><p style=\"text-align: start;\"><strong>OUE Reit : TS0U</strong>: The Reit posted net property income (NPI) of S$60.5 million for its first quarter ended March, up 6.9 per cent from S$56.6 million a year ago. Gross revenue increased 9.5 per cent to S$74.9 million for the quarter, from S$68.4 million a year ago. The Reit’s manager on Wednesday said the growth in NPI and revenue were mainly driven by higher contributions from Hilton Singapore Orchard – which reopened in 2023 after a rebranding exercise. Units of OUE Reit ended unchanged at S$0.270, before the news.</p><p style=\"text-align: start;\"><strong>CapitaLand India Trust : CY6U</strong> (Clint): Clint’s NPI grew 19 per cent to 3.1 billion rupees (S$49.4 million) in the first quarter ended March, from 2.6 billion rupees a year ago. The trust’s manager on Wednesday attributed the increase to higher rental income from Clint’s properties. Total property income was 26 per cent higher, at 4.2 billion rupees. Units of Clint ended S$0.015 or 1.5 per cent higher at S$0.995, before the announcement.</p><p><strong>Digital Core Reit : DCRU</strong>: Its manager said on Wednesday that the Reit posted distributable income of US$10.6 million for its first quarter ended March, 2024, down 2.4 per cent from US$10.9 million a year ago. Gross revenue decreased 8.2 per cent to US$24.6 million, from US$26.8 million a year ago. Units of Digital Core Reit closed flat at US$0.61, before the announcement.</p><p style=\"text-align: start;\"><strong>OKP : 5CF</strong>: The infrastructure and civil engineering company’s wholly owned subsidiary, Eng Lam Contractors, secured a contract worth S$92.9 million from the Land Transport Authority for the construction of new cycling path networks. Its net construction order book has reached a record high of S$735.2 million, with contracts lasting till 2027. Its counter closed flat at S$0.275, before the announcement.</p><p style=\"text-align: start;\"><strong>Cordlife Group : P8A</strong>: Its independent auditor KPMG will not be seeking re-appointment at its upcoming annual general meeting, after issuing a disclaimer of opinion on the company’s consolidated financial statements for FY2023. <em>The Business Times</em> reported on Wednesday that some of the cord-blood bank’s customers were also mulling over class action-type suits and are seeking legal opinion from various law firms. Shares of Cordlife ended Wednesday S$0.004 or 3.3 per cent higher at S$0.126</p><h2 id=\"id_3059161784\">SG Local News</h2><h3 id=\"id_3273226348\" style=\"text-align: start;\">COE Quota for May-July up 2.7%</h3><p>THE total Certificate of Entitlement (COE) quota for the period May to July 2024 has increased 2.7 per cent or 397 to 15,104, compared to the preceding three-month period of February to April 2024.</p><p style=\"text-align: start;\">Quotas for the two passenger car categories, A and B, saw small increases, despite less addition to the quota from “cut-and-fill”.</p><h3 id=\"id_186309976\">Malaysia to Pilot QR Code at Checkpoints With Singapore</h3><p>One of the world’s busiest land checkpoints is set to become less congested as Malaysians traveling to Singapore on factory buses will be able to clear immigration through QR code.</p><p style=\"text-align: start;\">Under the new system, workers on factory buses will generate a QR code from a mobile application and officials will scan the code for each traveler. To be implemented in June, the new system applies to immigration complexes linked to the causeways between Singapore and Malaysia’s Johor, Channel News Asia reported, citing Johor’s committee on works, transportation and infrastructure.</p><h3 id=\"id_1136287812\" style=\"text-align: start;\">Chinese Metal Tycoon’s Heir Buys $62 Million Singapore Mansion</h3><p>The daughter of a Chinese nickel billionaire purchased a multimillion-dollar mansion in Singapore, adding to the list of wealthy people seizing buying opportunities during the market lull.</p><p style=\"text-align: start;\">Xiang Yangyang, the daughter of Xiang Guangda, who owns Tsingshan Holding Group Co., the world’s largest nickel and stainless steelmaker, agreed to buy the 2,612 square meter (28,111 square foot) house in the country’s Bin Tong Park enclave, according to a property record seen by Bloomberg News.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"T82U.SI":"新达产业信托","BN4.SI":"吉宝有限公司","5E2.SI":"海庭","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":"1136903884","content_text":"Market SnapshotSingapore stocks opened lower on Thursday. STI fell 1.12%, DBS bank fell 0.84%, SIA fell 0.61%, Keppel fell 0.43%, Singtel fell 0.42%.Stocks to WatchKeppel : BN4: The global asset manager and operator said on Thursday that its Q1 net profit increased on the year, driven by stronger performance in the infrastructure and connectivity segments, excluding the effects of its legacy offshore and marine (O&M) assets. Including the effects, the net profit was lower, said the group without disclosing net profit figure. Revenue for the quarter was down 6.3 per cent to S$$1.5 billion, from S$1.6 billion in the year-ago period. Shares of Keppel closed Wednesday, up 1.1 per cent or S$0.08 to S$7.11.Frasers Centrepoint Trust : J69U (FCT): It posted a 1.8 per cent drop in distribution per unit (DPU) for the first half ended Mar 31 to 6.022 Singapore cents, from 6.13 cents in the same period a year ago. The result came as FCT recorded declines in both its gross revenue and net property income, following lower contributions from Changi City Point, which was divested in October 2023, and from Tampines 1 due to the ongoing asset enhancement works, the manager said. FCT’s units closed 0.9 per cent or S$0.02 higher at S$2.18 on Wednesday.Suntec Real Estate Investment Trust : T82U (Reit): Its DPU for the first quarter ended Mar 31, 2024 declined 13 per cent year on year to S$0.01511 in the absence of a capital distribution that concluded in end-2023. On Thursday, the Reit manager said DPU for the quarter was 1.8 per cent lower on an operational basis, excluding last year’s capital distribution. Suntec Reit units ended Wednesday S$0.01 or 0.9 per cent up at S$1.10.OUE Reit : TS0U: The Reit posted net property income (NPI) of S$60.5 million for its first quarter ended March, up 6.9 per cent from S$56.6 million a year ago. Gross revenue increased 9.5 per cent to S$74.9 million for the quarter, from S$68.4 million a year ago. The Reit’s manager on Wednesday said the growth in NPI and revenue were mainly driven by higher contributions from Hilton Singapore Orchard – which reopened in 2023 after a rebranding exercise. Units of OUE Reit ended unchanged at S$0.270, before the news.CapitaLand India Trust : CY6U (Clint): Clint’s NPI grew 19 per cent to 3.1 billion rupees (S$49.4 million) in the first quarter ended March, from 2.6 billion rupees a year ago. The trust’s manager on Wednesday attributed the increase to higher rental income from Clint’s properties. Total property income was 26 per cent higher, at 4.2 billion rupees. Units of Clint ended S$0.015 or 1.5 per cent higher at S$0.995, before the announcement.Digital Core Reit : DCRU: Its manager said on Wednesday that the Reit posted distributable income of US$10.6 million for its first quarter ended March, 2024, down 2.4 per cent from US$10.9 million a year ago. Gross revenue decreased 8.2 per cent to US$24.6 million, from US$26.8 million a year ago. Units of Digital Core Reit closed flat at US$0.61, before the announcement.OKP : 5CF: The infrastructure and civil engineering company’s wholly owned subsidiary, Eng Lam Contractors, secured a contract worth S$92.9 million from the Land Transport Authority for the construction of new cycling path networks. Its net construction order book has reached a record high of S$735.2 million, with contracts lasting till 2027. Its counter closed flat at S$0.275, before the announcement.Cordlife Group : P8A: Its independent auditor KPMG will not be seeking re-appointment at its upcoming annual general meeting, after issuing a disclaimer of opinion on the company’s consolidated financial statements for FY2023. The Business Times reported on Wednesday that some of the cord-blood bank’s customers were also mulling over class action-type suits and are seeking legal opinion from various law firms. Shares of Cordlife ended Wednesday S$0.004 or 3.3 per cent higher at S$0.126SG Local NewsCOE Quota for May-July up 2.7%THE total Certificate of Entitlement (COE) quota for the period May to July 2024 has increased 2.7 per cent or 397 to 15,104, compared to the preceding three-month period of February to April 2024.Quotas for the two passenger car categories, A and B, saw small increases, despite less addition to the quota from “cut-and-fill”.Malaysia to Pilot QR Code at Checkpoints With SingaporeOne of the world’s busiest land checkpoints is set to become less congested as Malaysians traveling to Singapore on factory buses will be able to clear immigration through QR code.Under the new system, workers on factory buses will generate a QR code from a mobile application and officials will scan the code for each traveler. To be implemented in June, the new system applies to immigration complexes linked to the causeways between Singapore and Malaysia’s Johor, Channel News Asia reported, citing Johor’s committee on works, transportation and infrastructure.Chinese Metal Tycoon’s Heir Buys $62 Million Singapore MansionThe daughter of a Chinese nickel billionaire purchased a multimillion-dollar mansion in Singapore, adding to the list of wealthy people seizing buying opportunities during the market lull.Xiang Yangyang, the daughter of Xiang Guangda, who owns Tsingshan Holding Group Co., the world’s largest nickel and stainless steelmaker, agreed to buy the 2,612 square meter (28,111 square foot) house in the country’s Bin Tong Park enclave, according to a property record seen by Bloomberg News.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":298903042887720,"gmtCreate":1714006215850,"gmtModify":1714008943953,"author":{"id":"4131685645781022","authorId":"4131685645781022","name":"Govan","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4131685645781022","authorIdStr":"4131685645781022"},"htmlText":"I o","listText":"I o","text":"I o","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/298903042887720","repostId":1136903884,"repostType":2,"repost":{"id":"1136903884","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":1714006946,"share":"https://ttm.financial/m/news/1136903884?lang=&edition=fundamental","pubTime":"2024-04-25 09:02","market":"sg","language":"en","title":"SG Morning Call | Singapore Stocks Opened Lower; Chinese Tycoon Heir Buys $62M Mansion","url":"https://stock-news.laohu8.com/highlight/detail?id=1136903884","media":"TigerNews SG","summary":"Stocks to WatchSingapore's $Keppel (BN4.SI)$ reported higher first-quarter profit on Thursday, driven by strong performance in its infrastructure and connectivity segments. Net profit from the both th","content":"<html><head></head><body><h2 id=\"id_2780928662\">Market Snapshot</h2><p>Singapore stocks opened lower on Thursday. STI fell 1.12%, DBS bank fell 0.84%, SIA fell 0.61%, Keppel fell 0.43%, Singtel fell 0.42%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/6015784d795abc82b2717c0e702807c2\" tg-width=\"459\" tg-height=\"438\"/></p><h2 id=\"id_2780562245\">Stocks to Watch</h2><p><strong>Keppel : BN4</strong>: The global asset manager and operator said on Thursday that its Q1 net profit increased on the year, driven by stronger performance in the infrastructure and connectivity segments, excluding the effects of its legacy offshore and marine (O&amp;M) assets. Including the effects, the net profit was lower, said the group without disclosing net profit figure. Revenue for the quarter was down 6.3 per cent to S$$1.5 billion, from S$1.6 billion in the year-ago period. Shares of Keppel closed Wednesday, up 1.1 per cent or S$0.08 to S$7.11.</p><p style=\"text-align: start;\"><strong>Frasers Centrepoint Trust : J69U </strong>(FCT): It posted a 1.8 per cent drop in distribution per unit (DPU) for the first half ended Mar 31 to 6.022 Singapore cents, from 6.13 cents in the same period a year ago. The result came as FCT recorded declines in both its gross revenue and net property income, following lower contributions from Changi City Point, which was divested in October 2023, and from Tampines 1 due to the ongoing asset enhancement works, the manager said. FCT’s units closed 0.9 per cent or S$0.02 higher at S$2.18 on Wednesday.</p><p><strong>Suntec Real Estate Investment Trust : T82U </strong>(Reit): Its DPU for the first quarter ended Mar 31, 2024 declined 13 per cent year on year to S$0.01511 in the absence of a capital distribution that concluded in end-2023. On Thursday, the Reit manager said DPU for the quarter was 1.8 per cent lower on an operational basis, excluding last year’s capital distribution. Suntec Reit units ended Wednesday S$0.01 or 0.9 per cent up at S$1.10.</p><p style=\"text-align: start;\"><strong>OUE Reit : TS0U</strong>: The Reit posted net property income (NPI) of S$60.5 million for its first quarter ended March, up 6.9 per cent from S$56.6 million a year ago. Gross revenue increased 9.5 per cent to S$74.9 million for the quarter, from S$68.4 million a year ago. The Reit’s manager on Wednesday said the growth in NPI and revenue were mainly driven by higher contributions from Hilton Singapore Orchard – which reopened in 2023 after a rebranding exercise. Units of OUE Reit ended unchanged at S$0.270, before the news.</p><p style=\"text-align: start;\"><strong>CapitaLand India Trust : CY6U</strong> (Clint): Clint’s NPI grew 19 per cent to 3.1 billion rupees (S$49.4 million) in the first quarter ended March, from 2.6 billion rupees a year ago. The trust’s manager on Wednesday attributed the increase to higher rental income from Clint’s properties. Total property income was 26 per cent higher, at 4.2 billion rupees. Units of Clint ended S$0.015 or 1.5 per cent higher at S$0.995, before the announcement.</p><p><strong>Digital Core Reit : DCRU</strong>: Its manager said on Wednesday that the Reit posted distributable income of US$10.6 million for its first quarter ended March, 2024, down 2.4 per cent from US$10.9 million a year ago. Gross revenue decreased 8.2 per cent to US$24.6 million, from US$26.8 million a year ago. Units of Digital Core Reit closed flat at US$0.61, before the announcement.</p><p style=\"text-align: start;\"><strong>OKP : 5CF</strong>: The infrastructure and civil engineering company’s wholly owned subsidiary, Eng Lam Contractors, secured a contract worth S$92.9 million from the Land Transport Authority for the construction of new cycling path networks. Its net construction order book has reached a record high of S$735.2 million, with contracts lasting till 2027. Its counter closed flat at S$0.275, before the announcement.</p><p style=\"text-align: start;\"><strong>Cordlife Group : P8A</strong>: Its independent auditor KPMG will not be seeking re-appointment at its upcoming annual general meeting, after issuing a disclaimer of opinion on the company’s consolidated financial statements for FY2023. <em>The Business Times</em> reported on Wednesday that some of the cord-blood bank’s customers were also mulling over class action-type suits and are seeking legal opinion from various law firms. Shares of Cordlife ended Wednesday S$0.004 or 3.3 per cent higher at S$0.126</p><h2 id=\"id_3059161784\">SG Local News</h2><h3 id=\"id_3273226348\" style=\"text-align: start;\">COE Quota for May-July up 2.7%</h3><p>THE total Certificate of Entitlement (COE) quota for the period May to July 2024 has increased 2.7 per cent or 397 to 15,104, compared to the preceding three-month period of February to April 2024.</p><p style=\"text-align: start;\">Quotas for the two passenger car categories, A and B, saw small increases, despite less addition to the quota from “cut-and-fill”.</p><h3 id=\"id_186309976\">Malaysia to Pilot QR Code at Checkpoints With Singapore</h3><p>One of the world’s busiest land checkpoints is set to become less congested as Malaysians traveling to Singapore on factory buses will be able to clear immigration through QR code.</p><p style=\"text-align: start;\">Under the new system, workers on factory buses will generate a QR code from a mobile application and officials will scan the code for each traveler. To be implemented in June, the new system applies to immigration complexes linked to the causeways between Singapore and Malaysia’s Johor, Channel News Asia reported, citing Johor’s committee on works, transportation and infrastructure.</p><h3 id=\"id_1136287812\" style=\"text-align: start;\">Chinese Metal Tycoon’s Heir Buys $62 Million Singapore Mansion</h3><p>The daughter of a Chinese nickel billionaire purchased a multimillion-dollar mansion in Singapore, adding to the list of wealthy people seizing buying opportunities during the market lull.</p><p style=\"text-align: start;\">Xiang Yangyang, the daughter of Xiang Guangda, who owns Tsingshan Holding Group Co., the world’s largest nickel and stainless steelmaker, agreed to buy the 2,612 square meter (28,111 square foot) house in the country’s Bin Tong Park enclave, according to a property record seen by Bloomberg News.</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 Lower; Chinese Tycoon Heir Buys $62M Mansion</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 Lower; Chinese Tycoon Heir Buys $62M Mansion\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\">2024-04-25 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 lower on Thursday. STI fell 1.12%, DBS bank fell 0.84%, SIA fell 0.61%, Keppel fell 0.43%, Singtel fell 0.42%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/6015784d795abc82b2717c0e702807c2\" tg-width=\"459\" tg-height=\"438\"/></p><h2 id=\"id_2780562245\">Stocks to Watch</h2><p><strong>Keppel : BN4</strong>: The global asset manager and operator said on Thursday that its Q1 net profit increased on the year, driven by stronger performance in the infrastructure and connectivity segments, excluding the effects of its legacy offshore and marine (O&amp;M) assets. Including the effects, the net profit was lower, said the group without disclosing net profit figure. Revenue for the quarter was down 6.3 per cent to S$$1.5 billion, from S$1.6 billion in the year-ago period. Shares of Keppel closed Wednesday, up 1.1 per cent or S$0.08 to S$7.11.</p><p style=\"text-align: start;\"><strong>Frasers Centrepoint Trust : J69U </strong>(FCT): It posted a 1.8 per cent drop in distribution per unit (DPU) for the first half ended Mar 31 to 6.022 Singapore cents, from 6.13 cents in the same period a year ago. The result came as FCT recorded declines in both its gross revenue and net property income, following lower contributions from Changi City Point, which was divested in October 2023, and from Tampines 1 due to the ongoing asset enhancement works, the manager said. FCT’s units closed 0.9 per cent or S$0.02 higher at S$2.18 on Wednesday.</p><p><strong>Suntec Real Estate Investment Trust : T82U </strong>(Reit): Its DPU for the first quarter ended Mar 31, 2024 declined 13 per cent year on year to S$0.01511 in the absence of a capital distribution that concluded in end-2023. On Thursday, the Reit manager said DPU for the quarter was 1.8 per cent lower on an operational basis, excluding last year’s capital distribution. Suntec Reit units ended Wednesday S$0.01 or 0.9 per cent up at S$1.10.</p><p style=\"text-align: start;\"><strong>OUE Reit : TS0U</strong>: The Reit posted net property income (NPI) of S$60.5 million for its first quarter ended March, up 6.9 per cent from S$56.6 million a year ago. Gross revenue increased 9.5 per cent to S$74.9 million for the quarter, from S$68.4 million a year ago. The Reit’s manager on Wednesday said the growth in NPI and revenue were mainly driven by higher contributions from Hilton Singapore Orchard – which reopened in 2023 after a rebranding exercise. Units of OUE Reit ended unchanged at S$0.270, before the news.</p><p style=\"text-align: start;\"><strong>CapitaLand India Trust : CY6U</strong> (Clint): Clint’s NPI grew 19 per cent to 3.1 billion rupees (S$49.4 million) in the first quarter ended March, from 2.6 billion rupees a year ago. The trust’s manager on Wednesday attributed the increase to higher rental income from Clint’s properties. Total property income was 26 per cent higher, at 4.2 billion rupees. Units of Clint ended S$0.015 or 1.5 per cent higher at S$0.995, before the announcement.</p><p><strong>Digital Core Reit : DCRU</strong>: Its manager said on Wednesday that the Reit posted distributable income of US$10.6 million for its first quarter ended March, 2024, down 2.4 per cent from US$10.9 million a year ago. Gross revenue decreased 8.2 per cent to US$24.6 million, from US$26.8 million a year ago. Units of Digital Core Reit closed flat at US$0.61, before the announcement.</p><p style=\"text-align: start;\"><strong>OKP : 5CF</strong>: The infrastructure and civil engineering company’s wholly owned subsidiary, Eng Lam Contractors, secured a contract worth S$92.9 million from the Land Transport Authority for the construction of new cycling path networks. Its net construction order book has reached a record high of S$735.2 million, with contracts lasting till 2027. Its counter closed flat at S$0.275, before the announcement.</p><p style=\"text-align: start;\"><strong>Cordlife Group : P8A</strong>: Its independent auditor KPMG will not be seeking re-appointment at its upcoming annual general meeting, after issuing a disclaimer of opinion on the company’s consolidated financial statements for FY2023. <em>The Business Times</em> reported on Wednesday that some of the cord-blood bank’s customers were also mulling over class action-type suits and are seeking legal opinion from various law firms. Shares of Cordlife ended Wednesday S$0.004 or 3.3 per cent higher at S$0.126</p><h2 id=\"id_3059161784\">SG Local News</h2><h3 id=\"id_3273226348\" style=\"text-align: start;\">COE Quota for May-July up 2.7%</h3><p>THE total Certificate of Entitlement (COE) quota for the period May to July 2024 has increased 2.7 per cent or 397 to 15,104, compared to the preceding three-month period of February to April 2024.</p><p style=\"text-align: start;\">Quotas for the two passenger car categories, A and B, saw small increases, despite less addition to the quota from “cut-and-fill”.</p><h3 id=\"id_186309976\">Malaysia to Pilot QR Code at Checkpoints With Singapore</h3><p>One of the world’s busiest land checkpoints is set to become less congested as Malaysians traveling to Singapore on factory buses will be able to clear immigration through QR code.</p><p style=\"text-align: start;\">Under the new system, workers on factory buses will generate a QR code from a mobile application and officials will scan the code for each traveler. To be implemented in June, the new system applies to immigration complexes linked to the causeways between Singapore and Malaysia’s Johor, Channel News Asia reported, citing Johor’s committee on works, transportation and infrastructure.</p><h3 id=\"id_1136287812\" style=\"text-align: start;\">Chinese Metal Tycoon’s Heir Buys $62 Million Singapore Mansion</h3><p>The daughter of a Chinese nickel billionaire purchased a multimillion-dollar mansion in Singapore, adding to the list of wealthy people seizing buying opportunities during the market lull.</p><p style=\"text-align: start;\">Xiang Yangyang, the daughter of Xiang Guangda, who owns Tsingshan Holding Group Co., the world’s largest nickel and stainless steelmaker, agreed to buy the 2,612 square meter (28,111 square foot) house in the country’s Bin Tong Park enclave, according to a property record seen by Bloomberg News.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"T82U.SI":"新达产业信托","BN4.SI":"吉宝有限公司","5E2.SI":"海庭","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":"1136903884","content_text":"Market SnapshotSingapore stocks opened lower on Thursday. STI fell 1.12%, DBS bank fell 0.84%, SIA fell 0.61%, Keppel fell 0.43%, Singtel fell 0.42%.Stocks to WatchKeppel : BN4: The global asset manager and operator said on Thursday that its Q1 net profit increased on the year, driven by stronger performance in the infrastructure and connectivity segments, excluding the effects of its legacy offshore and marine (O&M) assets. Including the effects, the net profit was lower, said the group without disclosing net profit figure. Revenue for the quarter was down 6.3 per cent to S$$1.5 billion, from S$1.6 billion in the year-ago period. Shares of Keppel closed Wednesday, up 1.1 per cent or S$0.08 to S$7.11.Frasers Centrepoint Trust : J69U (FCT): It posted a 1.8 per cent drop in distribution per unit (DPU) for the first half ended Mar 31 to 6.022 Singapore cents, from 6.13 cents in the same period a year ago. The result came as FCT recorded declines in both its gross revenue and net property income, following lower contributions from Changi City Point, which was divested in October 2023, and from Tampines 1 due to the ongoing asset enhancement works, the manager said. FCT’s units closed 0.9 per cent or S$0.02 higher at S$2.18 on Wednesday.Suntec Real Estate Investment Trust : T82U (Reit): Its DPU for the first quarter ended Mar 31, 2024 declined 13 per cent year on year to S$0.01511 in the absence of a capital distribution that concluded in end-2023. On Thursday, the Reit manager said DPU for the quarter was 1.8 per cent lower on an operational basis, excluding last year’s capital distribution. Suntec Reit units ended Wednesday S$0.01 or 0.9 per cent up at S$1.10.OUE Reit : TS0U: The Reit posted net property income (NPI) of S$60.5 million for its first quarter ended March, up 6.9 per cent from S$56.6 million a year ago. Gross revenue increased 9.5 per cent to S$74.9 million for the quarter, from S$68.4 million a year ago. The Reit’s manager on Wednesday said the growth in NPI and revenue were mainly driven by higher contributions from Hilton Singapore Orchard – which reopened in 2023 after a rebranding exercise. Units of OUE Reit ended unchanged at S$0.270, before the news.CapitaLand India Trust : CY6U (Clint): Clint’s NPI grew 19 per cent to 3.1 billion rupees (S$49.4 million) in the first quarter ended March, from 2.6 billion rupees a year ago. The trust’s manager on Wednesday attributed the increase to higher rental income from Clint’s properties. Total property income was 26 per cent higher, at 4.2 billion rupees. Units of Clint ended S$0.015 or 1.5 per cent higher at S$0.995, before the announcement.Digital Core Reit : DCRU: Its manager said on Wednesday that the Reit posted distributable income of US$10.6 million for its first quarter ended March, 2024, down 2.4 per cent from US$10.9 million a year ago. Gross revenue decreased 8.2 per cent to US$24.6 million, from US$26.8 million a year ago. Units of Digital Core Reit closed flat at US$0.61, before the announcement.OKP : 5CF: The infrastructure and civil engineering company’s wholly owned subsidiary, Eng Lam Contractors, secured a contract worth S$92.9 million from the Land Transport Authority for the construction of new cycling path networks. Its net construction order book has reached a record high of S$735.2 million, with contracts lasting till 2027. Its counter closed flat at S$0.275, before the announcement.Cordlife Group : P8A: Its independent auditor KPMG will not be seeking re-appointment at its upcoming annual general meeting, after issuing a disclaimer of opinion on the company’s consolidated financial statements for FY2023. The Business Times reported on Wednesday that some of the cord-blood bank’s customers were also mulling over class action-type suits and are seeking legal opinion from various law firms. Shares of Cordlife ended Wednesday S$0.004 or 3.3 per cent higher at S$0.126SG Local NewsCOE Quota for May-July up 2.7%THE total Certificate of Entitlement (COE) quota for the period May to July 2024 has increased 2.7 per cent or 397 to 15,104, compared to the preceding three-month period of February to April 2024.Quotas for the two passenger car categories, A and B, saw small increases, despite less addition to the quota from “cut-and-fill”.Malaysia to Pilot QR Code at Checkpoints With SingaporeOne of the world’s busiest land checkpoints is set to become less congested as Malaysians traveling to Singapore on factory buses will be able to clear immigration through QR code.Under the new system, workers on factory buses will generate a QR code from a mobile application and officials will scan the code for each traveler. To be implemented in June, the new system applies to immigration complexes linked to the causeways between Singapore and Malaysia’s Johor, Channel News Asia reported, citing Johor’s committee on works, transportation and infrastructure.Chinese Metal Tycoon’s Heir Buys $62 Million Singapore MansionThe daughter of a Chinese nickel billionaire purchased a multimillion-dollar mansion in Singapore, adding to the list of wealthy people seizing buying opportunities during the market lull.Xiang Yangyang, the daughter of Xiang Guangda, who owns Tsingshan Holding Group Co., the world’s largest nickel and stainless steelmaker, agreed to buy the 2,612 square meter (28,111 square foot) house in the country’s Bin Tong Park enclave, according to a property record seen by Bloomberg News.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":298902694486280,"gmtCreate":1714006199096,"gmtModify":1714025292999,"author":{"id":"4101948424484190","authorId":"4101948424484190","name":"Success88","avatar":"https://static.itradeup.com/news/4408e1a22d73e99adb53aa65dde8ad91","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":4,"crmLevelSwitch":0,"idStr":"4101948424484190","authorIdStr":"4101948424484190"},"htmlText":"There are concerns that Singapore's Good Class Bungalow (GCB) market could be increasingly dominated by foreigners. 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. 😔","listText":"There are concerns that Singapore's Good Class Bungalow (GCB) market could be increasingly dominated by foreigners. 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. 😔","text":"There are concerns that Singapore's Good Class Bungalow (GCB) market could be increasingly dominated by foreigners. 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. 😔","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/298902694486280","repostId":1136903884,"repostType":4,"repost":{"id":"1136903884","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":1714006946,"share":"https://ttm.financial/m/news/1136903884?lang=&edition=fundamental","pubTime":"2024-04-25 09:02","market":"sg","language":"en","title":"SG Morning Call | Singapore Stocks Opened Lower; Chinese Tycoon Heir Buys $62M Mansion","url":"https://stock-news.laohu8.com/highlight/detail?id=1136903884","media":"TigerNews SG","summary":"Stocks to WatchSingapore's $Keppel (BN4.SI)$ reported higher first-quarter profit on Thursday, driven by strong performance in its infrastructure and connectivity segments. Net profit from the both th","content":"<html><head></head><body><h2 id=\"id_2780928662\">Market Snapshot</h2><p>Singapore stocks opened lower on Thursday. STI fell 1.12%, DBS bank fell 0.84%, SIA fell 0.61%, Keppel fell 0.43%, Singtel fell 0.42%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/6015784d795abc82b2717c0e702807c2\" tg-width=\"459\" tg-height=\"438\"/></p><h2 id=\"id_2780562245\">Stocks to Watch</h2><p><strong>Keppel : BN4</strong>: The global asset manager and operator said on Thursday that its Q1 net profit increased on the year, driven by stronger performance in the infrastructure and connectivity segments, excluding the effects of its legacy offshore and marine (O&amp;M) assets. Including the effects, the net profit was lower, said the group without disclosing net profit figure. Revenue for the quarter was down 6.3 per cent to S$$1.5 billion, from S$1.6 billion in the year-ago period. Shares of Keppel closed Wednesday, up 1.1 per cent or S$0.08 to S$7.11.</p><p style=\"text-align: start;\"><strong>Frasers Centrepoint Trust : J69U </strong>(FCT): It posted a 1.8 per cent drop in distribution per unit (DPU) for the first half ended Mar 31 to 6.022 Singapore cents, from 6.13 cents in the same period a year ago. The result came as FCT recorded declines in both its gross revenue and net property income, following lower contributions from Changi City Point, which was divested in October 2023, and from Tampines 1 due to the ongoing asset enhancement works, the manager said. FCT’s units closed 0.9 per cent or S$0.02 higher at S$2.18 on Wednesday.</p><p><strong>Suntec Real Estate Investment Trust : T82U </strong>(Reit): Its DPU for the first quarter ended Mar 31, 2024 declined 13 per cent year on year to S$0.01511 in the absence of a capital distribution that concluded in end-2023. On Thursday, the Reit manager said DPU for the quarter was 1.8 per cent lower on an operational basis, excluding last year’s capital distribution. Suntec Reit units ended Wednesday S$0.01 or 0.9 per cent up at S$1.10.</p><p style=\"text-align: start;\"><strong>OUE Reit : TS0U</strong>: The Reit posted net property income (NPI) of S$60.5 million for its first quarter ended March, up 6.9 per cent from S$56.6 million a year ago. Gross revenue increased 9.5 per cent to S$74.9 million for the quarter, from S$68.4 million a year ago. The Reit’s manager on Wednesday said the growth in NPI and revenue were mainly driven by higher contributions from Hilton Singapore Orchard – which reopened in 2023 after a rebranding exercise. Units of OUE Reit ended unchanged at S$0.270, before the news.</p><p style=\"text-align: start;\"><strong>CapitaLand India Trust : CY6U</strong> (Clint): Clint’s NPI grew 19 per cent to 3.1 billion rupees (S$49.4 million) in the first quarter ended March, from 2.6 billion rupees a year ago. The trust’s manager on Wednesday attributed the increase to higher rental income from Clint’s properties. Total property income was 26 per cent higher, at 4.2 billion rupees. Units of Clint ended S$0.015 or 1.5 per cent higher at S$0.995, before the announcement.</p><p><strong>Digital Core Reit : DCRU</strong>: Its manager said on Wednesday that the Reit posted distributable income of US$10.6 million for its first quarter ended March, 2024, down 2.4 per cent from US$10.9 million a year ago. Gross revenue decreased 8.2 per cent to US$24.6 million, from US$26.8 million a year ago. Units of Digital Core Reit closed flat at US$0.61, before the announcement.</p><p style=\"text-align: start;\"><strong>OKP : 5CF</strong>: The infrastructure and civil engineering company’s wholly owned subsidiary, Eng Lam Contractors, secured a contract worth S$92.9 million from the Land Transport Authority for the construction of new cycling path networks. Its net construction order book has reached a record high of S$735.2 million, with contracts lasting till 2027. Its counter closed flat at S$0.275, before the announcement.</p><p style=\"text-align: start;\"><strong>Cordlife Group : P8A</strong>: Its independent auditor KPMG will not be seeking re-appointment at its upcoming annual general meeting, after issuing a disclaimer of opinion on the company’s consolidated financial statements for FY2023. <em>The Business Times</em> reported on Wednesday that some of the cord-blood bank’s customers were also mulling over class action-type suits and are seeking legal opinion from various law firms. Shares of Cordlife ended Wednesday S$0.004 or 3.3 per cent higher at S$0.126</p><h2 id=\"id_3059161784\">SG Local News</h2><h3 id=\"id_3273226348\" style=\"text-align: start;\">COE Quota for May-July up 2.7%</h3><p>THE total Certificate of Entitlement (COE) quota for the period May to July 2024 has increased 2.7 per cent or 397 to 15,104, compared to the preceding three-month period of February to April 2024.</p><p style=\"text-align: start;\">Quotas for the two passenger car categories, A and B, saw small increases, despite less addition to the quota from “cut-and-fill”.</p><h3 id=\"id_186309976\">Malaysia to Pilot QR Code at Checkpoints With Singapore</h3><p>One of the world’s busiest land checkpoints is set to become less congested as Malaysians traveling to Singapore on factory buses will be able to clear immigration through QR code.</p><p style=\"text-align: start;\">Under the new system, workers on factory buses will generate a QR code from a mobile application and officials will scan the code for each traveler. To be implemented in June, the new system applies to immigration complexes linked to the causeways between Singapore and Malaysia’s Johor, Channel News Asia reported, citing Johor’s committee on works, transportation and infrastructure.</p><h3 id=\"id_1136287812\" style=\"text-align: start;\">Chinese Metal Tycoon’s Heir Buys $62 Million Singapore Mansion</h3><p>The daughter of a Chinese nickel billionaire purchased a multimillion-dollar mansion in Singapore, adding to the list of wealthy people seizing buying opportunities during the market lull.</p><p style=\"text-align: start;\">Xiang Yangyang, the daughter of Xiang Guangda, who owns Tsingshan Holding Group Co., the world’s largest nickel and stainless steelmaker, agreed to buy the 2,612 square meter (28,111 square foot) house in the country’s Bin Tong Park enclave, according to a property record seen by Bloomberg News.</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 Lower; Chinese Tycoon Heir Buys $62M Mansion</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 Lower; Chinese Tycoon Heir Buys $62M Mansion\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\">2024-04-25 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 lower on Thursday. STI fell 1.12%, DBS bank fell 0.84%, SIA fell 0.61%, Keppel fell 0.43%, Singtel fell 0.42%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/6015784d795abc82b2717c0e702807c2\" tg-width=\"459\" tg-height=\"438\"/></p><h2 id=\"id_2780562245\">Stocks to Watch</h2><p><strong>Keppel : BN4</strong>: The global asset manager and operator said on Thursday that its Q1 net profit increased on the year, driven by stronger performance in the infrastructure and connectivity segments, excluding the effects of its legacy offshore and marine (O&amp;M) assets. Including the effects, the net profit was lower, said the group without disclosing net profit figure. Revenue for the quarter was down 6.3 per cent to S$$1.5 billion, from S$1.6 billion in the year-ago period. Shares of Keppel closed Wednesday, up 1.1 per cent or S$0.08 to S$7.11.</p><p style=\"text-align: start;\"><strong>Frasers Centrepoint Trust : J69U </strong>(FCT): It posted a 1.8 per cent drop in distribution per unit (DPU) for the first half ended Mar 31 to 6.022 Singapore cents, from 6.13 cents in the same period a year ago. The result came as FCT recorded declines in both its gross revenue and net property income, following lower contributions from Changi City Point, which was divested in October 2023, and from Tampines 1 due to the ongoing asset enhancement works, the manager said. FCT’s units closed 0.9 per cent or S$0.02 higher at S$2.18 on Wednesday.</p><p><strong>Suntec Real Estate Investment Trust : T82U </strong>(Reit): Its DPU for the first quarter ended Mar 31, 2024 declined 13 per cent year on year to S$0.01511 in the absence of a capital distribution that concluded in end-2023. On Thursday, the Reit manager said DPU for the quarter was 1.8 per cent lower on an operational basis, excluding last year’s capital distribution. Suntec Reit units ended Wednesday S$0.01 or 0.9 per cent up at S$1.10.</p><p style=\"text-align: start;\"><strong>OUE Reit : TS0U</strong>: The Reit posted net property income (NPI) of S$60.5 million for its first quarter ended March, up 6.9 per cent from S$56.6 million a year ago. Gross revenue increased 9.5 per cent to S$74.9 million for the quarter, from S$68.4 million a year ago. The Reit’s manager on Wednesday said the growth in NPI and revenue were mainly driven by higher contributions from Hilton Singapore Orchard – which reopened in 2023 after a rebranding exercise. Units of OUE Reit ended unchanged at S$0.270, before the news.</p><p style=\"text-align: start;\"><strong>CapitaLand India Trust : CY6U</strong> (Clint): Clint’s NPI grew 19 per cent to 3.1 billion rupees (S$49.4 million) in the first quarter ended March, from 2.6 billion rupees a year ago. The trust’s manager on Wednesday attributed the increase to higher rental income from Clint’s properties. Total property income was 26 per cent higher, at 4.2 billion rupees. Units of Clint ended S$0.015 or 1.5 per cent higher at S$0.995, before the announcement.</p><p><strong>Digital Core Reit : DCRU</strong>: Its manager said on Wednesday that the Reit posted distributable income of US$10.6 million for its first quarter ended March, 2024, down 2.4 per cent from US$10.9 million a year ago. Gross revenue decreased 8.2 per cent to US$24.6 million, from US$26.8 million a year ago. Units of Digital Core Reit closed flat at US$0.61, before the announcement.</p><p style=\"text-align: start;\"><strong>OKP : 5CF</strong>: The infrastructure and civil engineering company’s wholly owned subsidiary, Eng Lam Contractors, secured a contract worth S$92.9 million from the Land Transport Authority for the construction of new cycling path networks. Its net construction order book has reached a record high of S$735.2 million, with contracts lasting till 2027. Its counter closed flat at S$0.275, before the announcement.</p><p style=\"text-align: start;\"><strong>Cordlife Group : P8A</strong>: Its independent auditor KPMG will not be seeking re-appointment at its upcoming annual general meeting, after issuing a disclaimer of opinion on the company’s consolidated financial statements for FY2023. <em>The Business Times</em> reported on Wednesday that some of the cord-blood bank’s customers were also mulling over class action-type suits and are seeking legal opinion from various law firms. Shares of Cordlife ended Wednesday S$0.004 or 3.3 per cent higher at S$0.126</p><h2 id=\"id_3059161784\">SG Local News</h2><h3 id=\"id_3273226348\" style=\"text-align: start;\">COE Quota for May-July up 2.7%</h3><p>THE total Certificate of Entitlement (COE) quota for the period May to July 2024 has increased 2.7 per cent or 397 to 15,104, compared to the preceding three-month period of February to April 2024.</p><p style=\"text-align: start;\">Quotas for the two passenger car categories, A and B, saw small increases, despite less addition to the quota from “cut-and-fill”.</p><h3 id=\"id_186309976\">Malaysia to Pilot QR Code at Checkpoints With Singapore</h3><p>One of the world’s busiest land checkpoints is set to become less congested as Malaysians traveling to Singapore on factory buses will be able to clear immigration through QR code.</p><p style=\"text-align: start;\">Under the new system, workers on factory buses will generate a QR code from a mobile application and officials will scan the code for each traveler. To be implemented in June, the new system applies to immigration complexes linked to the causeways between Singapore and Malaysia’s Johor, Channel News Asia reported, citing Johor’s committee on works, transportation and infrastructure.</p><h3 id=\"id_1136287812\" style=\"text-align: start;\">Chinese Metal Tycoon’s Heir Buys $62 Million Singapore Mansion</h3><p>The daughter of a Chinese nickel billionaire purchased a multimillion-dollar mansion in Singapore, adding to the list of wealthy people seizing buying opportunities during the market lull.</p><p style=\"text-align: start;\">Xiang Yangyang, the daughter of Xiang Guangda, who owns Tsingshan Holding Group Co., the world’s largest nickel and stainless steelmaker, agreed to buy the 2,612 square meter (28,111 square foot) house in the country’s Bin Tong Park enclave, according to a property record seen by Bloomberg News.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"T82U.SI":"新达产业信托","BN4.SI":"吉宝有限公司","5E2.SI":"海庭","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":"1136903884","content_text":"Market SnapshotSingapore stocks opened lower on Thursday. STI fell 1.12%, DBS bank fell 0.84%, SIA fell 0.61%, Keppel fell 0.43%, Singtel fell 0.42%.Stocks to WatchKeppel : BN4: The global asset manager and operator said on Thursday that its Q1 net profit increased on the year, driven by stronger performance in the infrastructure and connectivity segments, excluding the effects of its legacy offshore and marine (O&M) assets. Including the effects, the net profit was lower, said the group without disclosing net profit figure. Revenue for the quarter was down 6.3 per cent to S$$1.5 billion, from S$1.6 billion in the year-ago period. Shares of Keppel closed Wednesday, up 1.1 per cent or S$0.08 to S$7.11.Frasers Centrepoint Trust : J69U (FCT): It posted a 1.8 per cent drop in distribution per unit (DPU) for the first half ended Mar 31 to 6.022 Singapore cents, from 6.13 cents in the same period a year ago. The result came as FCT recorded declines in both its gross revenue and net property income, following lower contributions from Changi City Point, which was divested in October 2023, and from Tampines 1 due to the ongoing asset enhancement works, the manager said. FCT’s units closed 0.9 per cent or S$0.02 higher at S$2.18 on Wednesday.Suntec Real Estate Investment Trust : T82U (Reit): Its DPU for the first quarter ended Mar 31, 2024 declined 13 per cent year on year to S$0.01511 in the absence of a capital distribution that concluded in end-2023. On Thursday, the Reit manager said DPU for the quarter was 1.8 per cent lower on an operational basis, excluding last year’s capital distribution. Suntec Reit units ended Wednesday S$0.01 or 0.9 per cent up at S$1.10.OUE Reit : TS0U: The Reit posted net property income (NPI) of S$60.5 million for its first quarter ended March, up 6.9 per cent from S$56.6 million a year ago. Gross revenue increased 9.5 per cent to S$74.9 million for the quarter, from S$68.4 million a year ago. The Reit’s manager on Wednesday said the growth in NPI and revenue were mainly driven by higher contributions from Hilton Singapore Orchard – which reopened in 2023 after a rebranding exercise. Units of OUE Reit ended unchanged at S$0.270, before the news.CapitaLand India Trust : CY6U (Clint): Clint’s NPI grew 19 per cent to 3.1 billion rupees (S$49.4 million) in the first quarter ended March, from 2.6 billion rupees a year ago. The trust’s manager on Wednesday attributed the increase to higher rental income from Clint’s properties. Total property income was 26 per cent higher, at 4.2 billion rupees. Units of Clint ended S$0.015 or 1.5 per cent higher at S$0.995, before the announcement.Digital Core Reit : DCRU: Its manager said on Wednesday that the Reit posted distributable income of US$10.6 million for its first quarter ended March, 2024, down 2.4 per cent from US$10.9 million a year ago. Gross revenue decreased 8.2 per cent to US$24.6 million, from US$26.8 million a year ago. Units of Digital Core Reit closed flat at US$0.61, before the announcement.OKP : 5CF: The infrastructure and civil engineering company’s wholly owned subsidiary, Eng Lam Contractors, secured a contract worth S$92.9 million from the Land Transport Authority for the construction of new cycling path networks. Its net construction order book has reached a record high of S$735.2 million, with contracts lasting till 2027. Its counter closed flat at S$0.275, before the announcement.Cordlife Group : P8A: Its independent auditor KPMG will not be seeking re-appointment at its upcoming annual general meeting, after issuing a disclaimer of opinion on the company’s consolidated financial statements for FY2023. The Business Times reported on Wednesday that some of the cord-blood bank’s customers were also mulling over class action-type suits and are seeking legal opinion from various law firms. Shares of Cordlife ended Wednesday S$0.004 or 3.3 per cent higher at S$0.126SG Local NewsCOE Quota for May-July up 2.7%THE total Certificate of Entitlement (COE) quota for the period May to July 2024 has increased 2.7 per cent or 397 to 15,104, compared to the preceding three-month period of February to April 2024.Quotas for the two passenger car categories, A and B, saw small increases, despite less addition to the quota from “cut-and-fill”.Malaysia to Pilot QR Code at Checkpoints With SingaporeOne of the world’s busiest land checkpoints is set to become less congested as Malaysians traveling to Singapore on factory buses will be able to clear immigration through QR code.Under the new system, workers on factory buses will generate a QR code from a mobile application and officials will scan the code for each traveler. To be implemented in June, the new system applies to immigration complexes linked to the causeways between Singapore and Malaysia’s Johor, Channel News Asia reported, citing Johor’s committee on works, transportation and infrastructure.Chinese Metal Tycoon’s Heir Buys $62 Million Singapore MansionThe daughter of a Chinese nickel billionaire purchased a multimillion-dollar mansion in Singapore, adding to the list of wealthy people seizing buying opportunities during the market lull.Xiang Yangyang, the daughter of Xiang Guangda, who owns Tsingshan Holding Group Co., the world’s largest nickel and stainless steelmaker, agreed to buy the 2,612 square meter (28,111 square foot) house in the country’s Bin Tong Park enclave, according to a property record seen by Bloomberg News.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":17,"commentSize":4,"repostSize":2,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}