Markets
Tokyo seeks “friendliest city” title for local, foreign startups
It looks to increase its number of unicorns and startups tenfold over the next 5 years.
STI back above 3,100 after US Fed surprise pause on rate hike
It gained 2.7% last week.
CapitaLand Ascendas REIT records 94.5% occupancy rate in Q3
CapitaLand Ascendas REIT bagged a $724.3m total acquisition in 3Q2023.
Capitaland Ascott Trust's gross profits rise 13% in Q3
This growth consists of 56% stable income and 44% growth income.
LHN obtains in-principle approval to transfer to SGX Mainboard
The approval is subject to compliance with several requirements.
IRAS recovers $79m in taxes and penalties
The audits revealed 4 common tax filing mistakes amongst companies.
Niks Professional launches IPO to raise $3.3m
The company is offering 21.8 million shares at $0.23 apiece.
Boustead Singapore, Boustead Projects in talks on exit offer proposal
On 26 September, SGX ordered Boustead Projects to delist.
Sheffield Green plans to raise $6.0m in Catalist listing
The company is offering 24.0 million shares.
Keppel DC REIT's distributable income drops 6.5% YoY to $23.9m in 3Q23
Given the decline, the REIT proposed a 3.6% YoY lower DPU.
CLCT prices $112m worth of FTZ offshore bonds at 3.8%
The bonds are due in three years.
Consumer non-cyclical sector emerges as the most defensive segment in SG
Over the past 10 weeks, 41 stocks in SG generated positive total returns.
Tee International seeks extension to submit revised trading resumption proposal
It requested the extension after signing a second supplemental agreement with Meta5.
SGX makes changes to its board
One of the newest appointees is a former UK lawmaker.
Noontalk’s EGM to be held for proposed adoption of share purchase mandate
It will be conducted on 23 October 2023 at 11 a.m.
What are the 3 factors that steered SG markets in 3Q23?
In 3Q23, the STI generated a 2.1% total return.
Commentary
Gen Z pop culture is key to financial literacy in Southeast Asia