Markets & Investing

Daily Markets Briefing: STI increases by 0.19%; Hongkong Land is top stock

Hongkong Land was the most active stock as it increased by 1.79%.

Daily Markets Briefing: STI increases by 0.19%; Hongkong Land is top stock

Hongkong Land was the most active stock as it increased by 1.79%.

What are Singaporeans’ preferred markets for commercial real estate investment?

Investors from SG deployed a total of US$15.8b into global real estate in 2022.

SG’s commercial real estate sales jump 40% YoY to US$3.7b in Q1

The Lion City is amongst the only two major markets to post an increase in investment volume.

Singapore shines as third-largest growth in gold reserves in the past decade

The Lion City’s gold reserves grew by 20.68% from 127.4 to 153.74 tonnes.

Prime US REIT’s NPI drops 7.2% YoY to US$23.6m in Q1

Given the drop, the REIT also posted a lower distributable income of US$14.9m.

CLI sees improved revenue in Q1

Its real estate investment business saw an 11% YoY increase.

MUST’s portfolio occupancy falls to 86.1% in Q1

The REIT attributed the decline to Carter’s downsizing at Phipps.

What are 3 key motivators for SG firms to expand overseas?

A UOB report showed that 50% of SG-based companies are interested in overseas expansion.

SG retains lead in Asian outbound real estate investment 

The Lion City’s investment reached US$28.284b.

Broker reveals best drivers of top ESG picks

Keppel Corporation and Sembcorp Industries were highlighted firms.

Global consumer non-cyclical stocks are strongest performing so far: SGX

These stocks were led by Genting Singapore and Golden Agri.

Large caps dominated stock index in April: UOB Kay Hian

The alpha picks portfolio improved in the stock index last month.

SGX RegCo expects requisitionists to follow Companies Act Section 176,177

Requisitionists could utilise either one to convene a Requisitioned Meeting.

Elite Commercial REIT’s distributable income drops 26.1% YoY to $7.5m in 1Q23

The REIT attributed the decline to increased borrowing costs amongst others.

Suntec REIT’s distributable income drops 26.8% YoY to $50.3m in 1Q23

Given the drop, it recorded a 27.4% YoY lower DPU to unitholders.