SGX_Stars

Official: Covering SGX stocks & markets.

    • SGX_StarsSGX_Stars
      ·03-25

      Weekly Inflows: Raffles Medical, PSC, Jardine C&C, APTT, JB Foods & TCA See Huge Acquisitions

      The five trading sessions saw more than 80 changes to director interests, and substantial shareholdings filed for more than 40 primary-listed stocks. Directors or chief executive officers filed 25 acquisitions and four disposals, while substantial shareholders filed 10 purchases and four disposals.Share buybacks by primary-listed companies1.Raffles Medical GroupBetween Mar 14 and 20,  $Raffles Medical(BSL.SI)$ executive chairman Loo Choon Yong bought 700,000 shares at an average price of S$1.035 per share, which increased his total interest from 53.76% to 53.79%. This followed his acquisition of 13.6 million shares between Feb 27 and Mar 13.Prior to the recent spate of acquisitions, Dr Loo’s total stake in Raffles Medical was 53.02%. Back o
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      Weekly Inflows: Raffles Medical, PSC, Jardine C&C, APTT, JB Foods & TCA See Huge Acquisitions
    • SGX_StarsSGX_Stars
      ·03-25

      S-REITs gain on Fed chair Powell reaffirming three rate cuts to come this year

      MOST Singapore-listed real estate investment trusts (S-REITs) and property trusts posted gains after the Federal Reserve held its interest rates steady and reaffirmed its projection of three rate cuts this year at the latest Federal Open Market Committee (FOMC) meeting.The $S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ closed its Mar 20 session at a record high and the Straits Times Index also gained, rising 1.35% on Thursday (Mar 21) and marking its highest level in nearly a month – led by real estate, financial and consumer cyclicals names.The REIT sector has historically enjoyed strong absolute and relative total returns after the end of a monetary policy tightening cycle, said Edward Pierzak, se
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      S-REITs gain on Fed chair Powell reaffirming three rate cuts to come this year
    • SGX_StarsSGX_Stars
      ·03-22

      Weekly | Why Riverstone Lead the Market this Week?

      As of the close on Friday, $Straits Times Index(STI.SI)$ closed at 3,219.43 points, up 1.46% points last week.During the last 5 trading days, $Riverstone(AP4.SI)$, $Emperador Inc.(EMI.SI)$, $YZJ Shipbldg SGD(BS6.SI)$, $Shangri-La HKD(S07.SI)$ and $Man Oriental USD(M04.SI)$ are the top 5 weekly gainers, up 21.48%, 11.25%, 9.41%, 7.14% and 6.97% respectively. $Seatrium(S51.SI)$, $NIO Inc.(NIO.SI)$,
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      Weekly | Why Riverstone Lead the Market this Week?
    • SGX_StarsSGX_Stars
      ·03-18

      Weekly Inflows: Raffles Medical, iFast, Boustead, LHT, JB Foods & Intraco See Huge Acquisitions

      The five trading sessions saw close to 80 changes to director interests and substantial shareholdings filed for close to 40 primary-listed stocks. Directors or CEOs again filed 35 acquisitions, while no disposals were filed, and substantial shareholders filed nine acquisitions and five disposals.Share buybacks by primary-listed companies Mar 8 - 141.Raffles Medical GroupBetween Mar 7 and 13,  $Raffles Medical(BSL.SI)$ executive chairman Loo Choon Yong acquired 2.7 million shares at an average price of S$1.02 per share. This increased his total interest from 53.61 to 53.76%. This followed his acquisition of 10.9 million shares between Feb 27 and Mar 6. Prior to the recent spate of acquisitions Dr Loo’s total stake in Raffles Medical Group wa
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      Weekly Inflows: Raffles Medical, iFast, Boustead, LHT, JB Foods & Intraco See Huge Acquisitions
    • SGX_StarsSGX_Stars
      ·03-18

      S-Reits continue to expand through DPU-accretive acquisitions

      The combined market value of the Singapore Reits and property trusts (S-Reits) sector has grown at a compound annual rate of 6% over the 10 years to end-2023. As expected, and given the challenging macroeconomic environment since the pandemic, not every year saw growth.Nevertheless, S-Reits are still expanding their portfolios as we see Reit managers announce proposed acquisitions and developments in the year thus far.REIT Watch - FLCT’s portfolio breakdown pre and post acquisition1.Frasers Logistics & Commercial TrustThe latest was announced by  $Frasers L&C Tr(BUOU.SI)$ (FLCT) with the proposed acquisition of 89.9% interest in a logistics and industrial (L&I) portfolio of four properties in Germany. The stake will be purchase
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      S-Reits continue to expand through DPU-accretive acquisitions
    • SGX_StarsSGX_Stars
      ·03-15

      Weekly | Why Sri Trang-Agro Lead the Market this Week?

      As of the close on Friday, $Straits Times Index(STI.SI)$ closed at 3,172.96 points, up 0.82% points last week.During the last 5 trading days, $Sri Trang Agro(NC2.SI)$, $SINGTEL 10(Z77.SI)$, $Singtel(Z74.SI)$, $Raffles Medical(BSL.SI)$ and $ComfortDelGro(C52.SI)$ are the top 5 weekly gainers, up 4.70%, 4.64%, 4.20%, 2.97% and 2.96% respectively.$Emperador Inc.(EMI.SI)$, $YZJ Shipbldg SGD(BS6.SI)$,
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      Weekly | Why Sri Trang-Agro Lead the Market this Week?
    • SGX_StarsSGX_Stars
      ·03-11

      Weekly Inflows: Wilmar, Raffles Medical, JB Foods, Centurion & PropNex See Huge Acquisitions

      The five trading sessions saw over 100 changes to director interests and substantial shareholdings filed for 50 primary-listed stocks. Directors or CEOs filed 35 acquisitions and one disposal while substantial shareholders filed 10 acquisitions and two disposals.Director filings and buybacks continue at stronger pace1.Wilmar InternationalBetween Mar 1 and 5, $Wilmar Intl(F34.SI)$ chairman and CEO Kuok Khoon Hong increased his deemed interest in the global agri-business by 2,172,600 shares. This increased his total interest from 13.66% to 13.70%. HPRY Holdings, Longhlin Asia, Hong Lee Holdings and Jaygar Holdings each acquired 543,150 shares at an average price of S$3.33 per share. Kuok has been gradually increasing his total interest in Wilmar I
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      Weekly Inflows: Wilmar, Raffles Medical, JB Foods, Centurion & PropNex See Huge Acquisitions
    • SGX_StarsSGX_Stars
      ·03-11

      Frasers Centrepoint Trust to join STI from Mar 18

      Following $Straits Times Index(STI.SI)$’s March quarterly review, it was announced that $Frasers Cpt Tr(J69U.SI)$ (FCT) will be added to the STI and Emperador to be removed from it, effective at the start of business next Monday (Mar 18). This brings the total number of Singapore real estate investment trusts (S-Reits) in the STI to seven.At a market capitalisation of S$3.9 billion, FCT will join the STI with an approximate weight of 0.8%. FCT is also the second Frasers Property-sponsored Reit to join the benchmark after $Frasers L&C Tr(BUOU.SI)$. The combined indicative weightage of the seven S-Reits in the STI will be around 12.5.REIT Watch - S-Reit
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      Frasers Centrepoint Trust to join STI from Mar 18
    • SGX_StarsSGX_Stars
      ·03-04

      Weekly Inflows: Raffles Medical, Wilmar, ValueMax & Wing Tai See Huge Acquisitions

      The five trading sessions had almost 80 changes to director interests and substantial shareholdings filed for close to 50 primary-listed stocks. Directors or chief executive officers filed 30 acquisitions and one disposal, while substantial shareholders filed four acquisitions and 11 disposals.1. $Raffles Medical(BSL.SI)$ Between Feb 27 and 28, Raffles Medical Group executive chairman Loo Choon Yong acquired 4.5 million shares at an average price of S$1.03 apiece. This increased his total interest to 53.27%, from 53.02%.With the release of the group’s FY23 (ended Dec 31) results on Feb 26, he noted the group is cautiously optimistic in its 2024 outlook. He also said that despite geopolitical and economic headwinds, the group sees a growing
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      Weekly Inflows: Raffles Medical, Wilmar, ValueMax & Wing Tai See Huge Acquisitions
    • SGX_StarsSGX_Stars
      ·03-04

      Hospitality S-Reits record 21% DPU growth in FY2023

      Hospitality trusts recently took the spotlight as the S-Reit sub-segment reported year-on-year (yoy) growth in distribution per unit (DPU) for FY2023, bolstered by a base effect and a strong recovery in international travel. The five hospitality trusts recorded, on average, 21% yoy growth in FY2023 DPU.Four of the trusts –  $ARA HTrust USD(XZL.SI)$$CapLand Ascott T(HMN.SI)$ $CDL HTrust(J85.SI)$ $Far East HTrust(Q5T.SI)$ $Frasers HTrust(ACV.SI)$ – reported full-year FY2023 earnings ending Dec 31, 2023. Frasers Hospitality Trust : ACV 0% (FHT) rep
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      Hospitality S-Reits record 21% DPU growth in FY2023
       
       
       
       

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