News
Frasers Property Limited’s attributable profit grew 42.8% in H1
Frasers Property Limited’s attributable profit grew 42.8% in H1
It went up to $225.8m in the first half (H1) of fiscal year 2023.
Chart of the Day: Business park rents went up 0.6% in Q1
It deaccelerated from a 1% increase in the fourth quarter of 2022.
Demand for higher specification industrial assets to back industrial market
Manufacturing, logistics, biomedical, and food sectors will drive demand.
Daily Markets Briefing: STI down 0.39%; Genting Singapore is most active stock
Genting Singapore is leading the index.
Singapore’s NETS boosts touchless payment options
Consumers can now use their Mastercard and Visa debit cards to make NETS contactless payments locally.
Singapore’s AUM grew by $470b mostly due to institutional investors: MAS
The growth makes up around 20% of the increase in total AUM from 2017 to 2021.
SIA reveals partial redemption of 50% of zero coupon MCBs
The aggregate amount of the right mandatory convertible bonds (MCBs) is at $3.09b.
Centurion's group revenue climbs 5% YoY to $47.1m in Q1
By geographical area, the company recorded its highest revenue in Singapore.
The Reserve Residence to open for preview on May 12
It comprises 732 residential units.
Prime US REIT’s NPI drops 7.2% YoY to US$23.6m in Q1
Given the drop, the REIT also posted a lower distributable income of US$14.9m.
CLI sees improved revenue in Q1
Its real estate investment business saw an 11% YoY increase.
MUST’s portfolio occupancy falls to 86.1% in Q1
The REIT attributed the decline to Carter’s downsizing at Phipps.
Authorized and recognized unit trusts post net inflows of $897.58m in Q1
For now, Morningstar sees global slowdown impact has yet to come to fruition.
Daily Markets Briefing: STI down 0.02%, Sembcorp Industries is leading
Sembcorp Industries and HongkongLand are the most active stocks.
China reopening gains remain limited to Singapore and other ASEAN-4 markets
The only upside to China's reopening is the potential increase in outbound tourism.
Chart of the Day: Prices of property sale listings grew 0.7% in Q1
It rebounded close to the data from the third quarter (Q3) of 2022.
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