News
Retail sales down 1.3% to $3.6b in August
Retail sales down 1.3% to $3.6b in August
Auto sales saw the steepest decline with a 19.1% crash.
Dyson abandons electric car project: report
The firm said that it is no longer "commercially viable".
Four telcos too many for Singaporeans
About 58% felt that there are too many brands to choose from.
Majority of traders prefer online platforms over banks
Instead of financial institutions, online traders rely on family and friends for stock advice.
SGX daily average value fell 3% to $940m in September
Total equity index futures volume slipped 5% YoY to 14.2 million contracts.
Equinix, GIC finish $1.3b joint development of data centres
Six new facilities will be located all over Europe.
SPH REIT NPI up 8.3% to $179.8m in FY2019
This was due to higher contribution from the REIT’s properties.
Condo rents dipped 0.4% in September
The CCR saw the fastest decline in rents at 1.1% MoM.
Daily Markets Briefing: STI down 0.01%
UOB led the gains amongst top active stocks with a 0.51% rise.
Chart of the Day: CBD Grade A rents grew 1.5% to $10.08 psf in Q3
Rents are tipped to rise 8% by year-end and 5% in 2020.
Daily Briefing: Temasek unit to acquire controlling stake in US cloud provider; WeWork to open two new locations in Singapore
And ST Hospitality Group launches a new line of co-living hotels in Chinatown.
Warehouse rents extend steep decline in Q2
The oversupply situation is weighing on rental growth.
Netlink cashes in on Singapore's 5G bid: analyst
Even without being a spectrum holder, Netlink can still enjoy growth in its fibre backhaul business.
Keppel DC REIT raised $242.8m from oversubscribed preferential offering
Proceeds will be used for Keppel DC Singapore 4 and 1-Net North Data Centre acquisitions.
Chart of the Day: Food inflation averaged 2.2% in 10 years
This is due to Singapore’s food inputs being largely imported from various markets.
Daily Briefing: District 21 GCB put up for auction at $23m; Personalised skincare startup Yours scores $4.83m seed funding
And Golden Gate Ventures leads the pre-Series A round of an Indonesian workforce startup.
Daily Markets Briefing: STI down 0.67%
YZJ Shipbuilding saw the sharpest decline amongst top active stocks with a 2.63% fall.
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Commentary
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