Markets & Investing
Straits Trading's EBITDA declines15.7% amidst trade, policy uncertainties
Straits Trading's EBITDA declines15.7% amidst trade, policy uncertainties
                                                                                                 
                        
                          Earnings per share is 1.2 Singapore cents for H1.
                    
                                        
                    
                CapitaLand Investment secures initial $222m for China business park fund
                                                                                                 
                        
                          CBPF III is expected to boost CLI’s funds under management by $370M when fully deployed.
                    
                                        
                    
                United Hampshire US REIT’s NPI slips 1.7% YoY to US$25.4m in H1
                                                                                                 
                        
                          The REIT cited the divested Big Pine Center for the decline.
                    
                                        
                    
                Prime US REIT’s distributable income drops 14.0% YoY to US$23.3m
                                                                                                 
                        
                          The REIT credited the drop to higher finance costs and lower occupancy.
                    
                                        
                    
                CapitaLand Investment’s profit drops 6% YoY, hit by higher expenses
                                                                                                 
                        
                          PATMI for the period was $331m.
                    
                                        
                    
                Antler closes $72m Southeast Asia Fund II
                                                                                                 
                        
                          Antler SEA Fund II plans to invest $27m in 45 startups.
                    
                                        
                    
                Sovereign Wealth Fund acquires 49% stake in Ho Bee Land's SPV for $555m
                                                                                                 
                        
                          The SPV holds the biomedical life-science development, Elementum.
                    
                                        
                    
                Ho Bee Land posts $9.5m net profit, reversing last year's loss
                                                                                                 
                        
                          The company credited its return to profitability to a revenue increase.
                    
                                        
                    
                Lower costs boost CICT's NPI by 5.4% YoY to $582.4m in H1
                                                                                                 
                        
                          Higher NPI boosted the trust's distributable income by 3.7% YoY.
                    
                                        
                    
                CCCS greenlights Esteel’s partial stake acquisition in HG Metal
                                                                                                 
                        
                          The competition watchdog sought public feedback from 13 June until 26 June.
                    
                                        
                    
                Aevice Health bags US$7m in seed round led by Coronet Ventures
                                                                                                 
                        
                          The company will use the funds to advance its operations in key markets.
                    
                                        
                    
                APAC Realty's profit drops 19% YoY on lower new home sales
                                                                                                 
                        
                          New home sales usually result in higher margins for the company.
                    
                                        
                    
                Sasseur REIT income and DPU fall amidst rental income dip
                                                                                                 
                        
                          DPU for the period dipped 5.1% YoY.
                    
                                        
                    
                Cohen & Steers boosts stake in Digital Core REIT
                                                                                                 
                        
                          It acquired 3.6 million shares.
                    
                                        
                    
                Frasers Property's unrecognised revenue reaches $1.9b for 9M 2024
                                                                                                 
                        
                          Its 9M unrecognised revenue is already close to FY2023 levels.
                    
                                        
                    
                SGX sees 4.7% net profit growth with strong equity activity
                                                                                                 
                        
                          Net profit for the period was $597.9m.
                    
                                        
                    
                Investors favour smaller, early-stage fintech deals over large-scale
                                                                                                 
                        
                          In H1 2024, Singapore saw 52 early-stage deals.
                    
                                        
                    
                 
                                 
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
								 
								 
						 
								 
								 
						 
						 
				 
								 
								 
								 
																					
											
																			 
																					
											
																			 
																					
											
																			 
																					
											
																			 
                 
                 
                 
                 
                 
                 
                 
                
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