Markets & Investing
SMI Vantage cancels expansion plans amidst delisting
SMI Vantage cancels expansion plans amidst delisting
The company has a net current liability of US$937k.
Yongmao Holdings expects low net profit for H1 2025
This is due to higher freight charges from higher rates.
First REIT's net property income drops 6.0% YoY in 9M 2024
The REIT attributed the decline to the yen and rupiah's depreciation against SGD.
CICT completes acquisition of 50% stake in ION Orchard
It acquired the shares from CapitaLand Investment Limited.
ESR-LOGOS REIT’s NPI falls 6.5% YoY in Q3 due to divestments
It divested 11 non-core assets.
Singapore extends depository receipts to 5 Hong Kong firms
This allows Singaporean investors new investment options in Hong Kong.
Loss of MIT status ‘beyond control’—FHT
The group’s Australian subsidiary lost its MIT status due to a share swap transaction.
Temasek's Seviora and Mubadala Capital to explore global co-investments
The partners will focus on growth markets in Singapore and the UAE.
LMIRT's NPI falls 6.5% YoY to $28.6m in 9M on higher operating expenses
In 9M 2023, LMIRT recorded an NPI of $30.6m.
Far East Hospitality Trust’s net property income falls 6.8% on lower revenue
Gross revenue fell 4.8% YoY to $28.75m.
Hongkong Land shifts strategy, exits build-to-sell in Asia
It will redirect capital from the segment to new integrated commercial property ventures.
CapitaLand Ascott Trust's gross profit up 8% on portfolio reconstitution efforts
These efforts include acquisitions and asset enhancement initiatives.
Mapletree Industrial Trust’s NPI up 4.6% in Q2 to $134.5m
It attributed the increase to contributions from the Osaka Data Centre.
Higher contributions from Singapore lift Starhill Global REIT NPI by 1.4% YoY
Perth assets also contributed.
CapitaLand China Trust’s NPI declines 5.1% YoY as occupancies and rentals soften
NPI for the 9M2024 was RMB930.2m.
Straits Trading and Alta team up to launch FIR-ST scheme
Investors will also benefit from market-adjusted dividends.
Supermom raises $18m in Series B funding round
This comes less than two years after the company's $8m Series A.
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