News

Daily Markets Briefing: STI down 0.52%

Singtel fell the most amongst top active stocks with a 4.9% decrease.

HDB resale transactions jumped 29.8% in Q2

Changes to the CPF may have stoked demand for HDB resale flats.

Unemployment rate hits 3.3% in Q2

Employment declined in the retail and manufacturing sectors.

Retail rentals down 1.5% in Q2: URA

However, the prices of retail spaces increased by 0.4%.

Manufacturing output down 6.9% in June

The electronics and transport engineering segments led the decline.

Private home prices rose 1.5% in Q2: URA

Condo prices rose 2% whilst landed property prices fell 0.1%.

Mapletree Industrial Trust eyes international buys to boost overseas AUM to 30%

It could enter third party deals in Europe and Asia to drive DPU growth.

Office prices climbed 0.9% in Q2: URA

Rentals of office space also rose 1.3% in the same period.

Mapletree Commercial Trust's NPI inched up 2.8% to $88.35m in Q1

All properties except Mapletree Anson performed strongly in terms of contributions.

ST Engineering secured $1.5b-worth of contracts in Q2

Its aerospace and electronics sector accounted for $809m and $702m, respectively. Engineering firm Singapore Technologies Engineering (ST Engineering), revealed that its aerospace and electronics sectors have secured new contracts with a combined value of about $1.5b for Q2.

Suntec REIT's NPI down 7.4% to $114.56m in H1

Sinking fund contribution for Suntec City Office’s upgrades worth $8m hit earnings.

Industrial property occupancy rates inched up 0.6 pp in Q2

Multiple-user factory spaces recorded a 1.2 pp increase in occupancy to 87.2%.

SATS launches virtual kitchen for in-flight catering production

It captures and integrates process data into a 3D virtual environment.

Singtel launches prepaid plan with medical insurance plan

The insurance enrollment process can be done through its hi!App or Singtel Dash app.

How will Capitaland Mall Trust see rental growth amidst incoming competition?

Its portfolio occupancy slipped slightly to 98.3% as at end-Q2 2019.

US dollar deposits accounted for a third of total bank deposits in March

USD deposits rose at a CAGR of 20% over the past nine years.