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Daily Markets Briefing: STI down 0.06%; Yangzijiang is top active stock
Daily Markets Briefing: STI down 0.06%; Yangzijiang is top active stock
Yangzijiang Shipbuilding was at the top whilst SATS had zero securities value.
Weak demand from major export destinations hits NODX momentum: UOB
Non-oil domestic exports (NODX) declined 25% in January 2023.
CHART OF THE DAY: Only 38% of Singaporeans prefer buying online vs in-store shopping
Online-first buyers in Singapore are likely to try new brands.
Singtel rolls out first 5G-enabled smart retail showcase
It will help enhance retail workflows.
Sembcorp Industries’ underlying net profit jumps to $883m in FY22
The company attributed the increase to higher contributions from two segments.
Foreign wholesale trade falls 5.9% QoQ in Q422
Most wholesale trade industries recorded QoQ declines in foreign sales.
Domestic wholesale trade dips 3.3% QoQ in Q422
Most wholesale trade industries recorded QoQ declines in domestic sales.
Younger population’s priority is growing their money
Less than half of those aged 18 to 24 want to understand investments.
Orchard Tower fails to sell
It did not obtain the required threshold for the collective sale.
SingPost’s group revenue rises 2.4% QoQ to $495.1m in Q3
The company attributed the increase to the growth in its logistics revenue.
SG startups can participate for world’s largest startup competition
The top 30 startups in the competition can be considered for $6.6m investment.
SATS wants to stop trading
It has yet to reveal its reason for issuing a request.
Worse may be over for exports: RHB
Exports slightly improved in January but it will decline in the first half of 2023.
Daily Markets Briefing: STI down 0.59%; Mapletree Logistics is most active stock
Mapletree Logistics Trust is top stock.
Changi Airport’s retail sales hit $1.1b in 2022
The figure represents 37% of sales in 2019.
EnterpriseSG, IFC to heighten supply chain finance for businesses
The partnership will also create joint outreach and business matching.
SGX-listed glovemaker’s net profit declines 93% YoY in FY 22
The total net profit was at $64.9m (THB1.652b).
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