Singapore
United Hampshire US REIT debuts at $1.02 on SGX
This is 10% lower than its IPO of $1.12 per unit.
SIAS to hold independent briefings to Hyflux P&P holders
Details on the upcoming sessions will commence from 23 March.
Daily Markets Briefing: STI down 3.77%
OCBC Bank saw the sharpest decline amongst top active stocks with a 4.11% contraction.
Chart of the Day: Gen Z prefers physical stores despite being big online spenders
Gen Z view physical stores as more trustworthy than online sales.
Daily Briefing: Cashback app ShopBack raises $105.9m in Series B funding; SPH Ventures backs US-based influence.co
And IMDA has suspended virtual telco Zero Mobile’s licence over billing disputes.
A third of SGC members expect over 10% revenue loss in H1 2020
Two-thirds saw a moderately disruptive impact on their business due to the outbreak.
COVID-19 could drive DBS and OCBC's dividends to over 6%
But net profit forecasts had been cut by 5.8% and 3.7%, respectively.
Market Update: STI down 3.41%
The big three banks have fallen more than 3% each.
COVID-19 to knock $211b off APAC economies
APAC markets to toe the recession line amidst coronavirus spread.
Are MNCs in Singapore auditing their global offices?
Only a quarter feel confident that their overseas units are legally compliant.
PropertyGuru launches mortgage marketplace PropertyGuru Finance
The platform will now include digital home financing tools.
United Hampshire US REIT's IPO subscribed 3.2 times
Its placement tranche received indications of interest exceeding $307.36m.
Trax buys Boston-based firm Survey.com
The unicorn will create its first closed-loop merchandising system for physical retail.
Returns of top 20 stocks dropped 3.8% YTD
Stocks were hit by the 30% fall in crude oil price.
AIA Singapore's 2019 operating profit hikes 6% to $813m
Total weighted premium income rose 8% to $4.07m.
OCBC launches cheque encashment service in select ATMs
Customers will be able to encash up to $30,000 in a single cheque in ATMs at 23 branches.
StarHub buys 88% stake in ICT firm Strateq for $82m
The acquisition will be completed in H1 2020.
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