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Analysts tell investors to stay defensive amidst uncertain US Fed policy action
Preferred exposure is healthcare, industrial REIT sectors, and consumer staples.
Analysts tell investors to stay defensive amidst uncertain US Fed policy action
Preferred exposure is healthcare, industrial REIT sectors, and consumer staples.
Daily Markets Briefing: STI down 0.06%; Top stock is Frasers L&C
Commercial REITs are leading.
Chart of the Day: Shophouse sales volume down 46% YoY in Q1
It went down to 28 deals in the first few months of the year.
More than half of SGX firms polled are vulnerable to email fraud: report
Only 8% actively block suspicious emails.
Yangzijiang Shipbuilding secures $1.58b year-to-date order-wins
The company now has 147 vessels worth $14.68b.
Keppel Data Centres, Woodside to explore supplying liquid hydrogen to Singapore
Keppel could buy around 1,000 tonnes of liquid hydrogen a day.
IREIT Global portfolio occupancy dips to 87.0% QoQ
But its rental rate grew to 3.4%
Greenwashing? Nearly 70% of top-level executives admit overstating sustainability goals
But 92% believe greenwashing is “accidental.”
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.
FCT’s net property income rises 5.7% YoY to $137.96m in 1H23
Despite the increase, it recorded a 0.1% YoY lower DPU of $0.06130.
ESR-LOGOS REIT net property income soars 78.2% to $70.4m in 1Q 2023
The contributions from ARA LOGOS Logistics Trust after its merger drove the growth.
Core inflation to fall below 5.0% in remaining quarters
RHB expects core inflation to fall at around 2.5% at year-end.
New fare formula to balance affordable rates and public transport’s financial stability
The government considered inflation and ridership patterns in the adjustment.
CapitaLand Ascott Trust’s gross profit grew nearly 60% YoY in Q1
New properties’ operating performance led to growth.
HDB rents rise 0.7% MoM in March
By room type, 3 Room recorded the highest rent increase.
Condo rents drop 0.3% MoM in March
Rents across sub-markets dropped in March, except for CCR.
Condo resale prices up 1.4% in March amidst widening price gap with new homes
Analysts said more buyers are turning to secondary market.
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