News
Chart of the Day: Infocomm services sales grew 13.6% in Q4 2017
It led the growth in the services sector.
Daily Briefing: Jetstar could raise fares 20% after airport levy; Hollandia sold for $183.38m
And here are the positives and negatives in Sheng Siong’s 2017 results.
Jardine Cycle & Carriage profits up 16% to $1.07b in 2017
Astra’s contribution to the profit rose 28% YoY to US$641m.
First Resources profit plunged 41.1% to US$34.2m in Q4
It blamed average selling prices which fell despite high sales volumes.
Singapore PMI down 0.4 point to 52.7 in February
The reading was pulled down by the weaker electronics manufacturing sector.
Venture Q4 profit surged 170% to $142.9m
Its exciting performance was driven by steady sales momentum and margin improvement.
PayNow to extend into businesses by H2 2018
Companies will be allowed to link their bank accounts to their Unique Entry Numbers and transfer funds to other firms.
Government rejects 9% pay hike for its ministers
However, they’re still one of the world’s most highly paid officials.
Daily Markets Briefing: STI down 0.12%
Expect some bad news today.
Chart of the Day: HDB owners bought 10,517 private homes in 2017
HDB owners were attracted to private home enclaves in the suburban areas.
Daily Briefing: GIC partners with SoftBank and Sequioa Capital to invest $535m in restaurant startup; Industry head forecasts weak semiconductor growth
And here's why First Resources is still a good buy despite low stock price.
Residential development charge rates raised to 22.8%
The government lifted rates after the frenzied biddings for development sites both in the collective sales as well as GLS market.
Sentosa Cove property lost 42% of value after sale
It was sold for $3.25m, whilst the last owner purchased the unit in 2011 at $5.64m.
Chart of the Day: Condo sales hit a four-year high in 2017
Sales volume rose 67.8% YoY to 11,988 units.
Daily Markets Briefing: STI down 0.63%
Weakness on Wall Street overnight could dampen the local sentiment further today.
Daily Briefing: Alibaba launched AI research lab in Singapore; GIC joins Chinese developer in US$110.8m mall deal
And here are two REITs with mixed results recently.
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Commentary
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