Markets & Investing

SG refining margins to rise to $3-$4 per barrel in 2022: Moody's

Higher vaccination rates and eased movement restrictions drive demand for transportation fuels.

SG refining margins to rise to $3-$4 per barrel in 2022: Moody's

Higher vaccination rates and eased movement restrictions drive demand for transportation fuels.

Daily briefing: SGX mulls first US dollar bond; China uses coercion to back claims in disputed waters: US

And Trade and Industry Minister highlights digitalisation as critical in recovery.

ESR-REIT completes S$149.6m equity fundraising

It consists of S$49.6m preferential offering and S$100m private placement.

Singapore, China affirm bilateral economic ties in IPC Meeting

The two countries discussed the progress of bilateral cooperation projects and agreements. 

Nanofilm net profit slips 2.3% to S$18.1m in H1 2021

This is due to higher expenses in the new Shanghai Plant 2 and new product introduction projects.

NEA to establish green bond framework, $3b note programme

The $3b multicurrency medium note programme will finance its flagship waste management project.

Yanlord posts 54.8% YoY increase in profit to RMB1.6b in H1

This is due to the increase in gross profit and other operating income and the decrease in finance costs. 

Sasseur REIT income increased 19.7% to $21.6m in Q2 2021

This is due to active leasing activities and improvement in operating performance. 

Hong Leong Asia’s net profit rose 110.4% YoY to S$40.7m in H1 2021

This as its key business recorded higher volume sales and revenue.

UOL net profit soars 211% to $91.3m in H1 2021

This is due to the increase in revenues of property development and the decline in fair value losses.  

Chart of the Day: Singapore mobile app install spikes by 49%

Singapore takes the lead in APAC growth, while Vietnam follows at 43%.

LREIT income rose 33.5% YoY to S$27.6m in H1

Its gross revenue also rose 8.5% YoY to S$37m.

Temasek to offer 50-year SGD Temasek bond

The T2071-SGD Temasek Bond will be issued by wholly-owned subsidiary Temasek Financial (I) Limited.

Market Update: STI Down 0.05%

Yangzijiang Shipbuilding and Jardine Matheson Holdings lead with the most growth today.

Yangzijiang’s net profit jumps 39% YoY to RMB1.64b in H1 2021

This is despite a 20% decline in revenues in H1 2021.