News

Chart of the Day: iEdge SG All Healthcare Index hit -3.3% return in 2018

The top performing constituent is Top Glove which saw its returns hit 40.6% in 2018. This chart from the Singapore Exchange (SGX) shows that the iEdge SG All Healthcare Index saw a total return of -3.3%. This is compared to the total returns of -6.5% for the Straits Times Index (STI), -3.2% for the MSCI Asia Pacific Health Care Index, and -16.5% for the MSCI Asia Pacific ex-Japan Health Care Index. According to SGX, the five best-performing constituents of the iEdge SG All Healthcare Index include Top Glove Corp (+40.6%), Camsing Healthcare (+19.5%), Aoxin Q & M Dental (+10.5%), Pharmesis Intl (+8.7%), and Riverstone Holdings (+7.9%). In 2018, SGX noted that the five healthcare plays have averaged a total return of +8.6%, bringing their three-year and five-year total returns to -3.5% and +63.3%, respectively.

Daily Markets Briefing: STI up 0.52%

Wall Street's gains could buoy local sentiment.

Kampong Java Road residential site clinched for $418.38m

However, last year's cooling measures may have resulted in its subdued land rate of $1,192.

Midtown Development puts $562m price tag on Club Street hotel site

The winning bid is $62m higher than United Venture Investments' $500m offer.

Grab forms joint venture with ZhongAn to offer digital insurance products

The firms aim to provide its products to uninsured consumers through Grab’s mobile app.

SGX urged to relook rules allowing Mainboard companies to transfer to Catalist

Increased transfers to Catalist could harm the liquidity and valuation of firms already listed on the board.

Daily Markets Briefing: STI up 1.22%

Gains on US stock markets could see positive local sentiment.

SPH's overseas assets to play a key role in boosting profits: analysts

Its first UK purpose built student accommodation contributed $6.3m to its profits.

New private home sales dropped 50.1% to 601 units in December 2018

Developers launched a mere 101 units in December compared to November’s 1,341.

Sultan Plaza to launch en bloc sale for $380m

The 244-unit development sits on a sizeable land area of approximately 52,471 sqft.

ST Engineering's marine arm clinched $560m worth of new contracts in Q4 2018

This includes a contract for the construction and maintenance of patrol boats for the Singapore Police Coast Guard.