News
Raffles Medical H1 profit surges 54.4%
Raffles Medical H1 profit surges 54.4%
Patient numbers had increased on the back of recovering medical tourism.
Investment sales for properties could exceed $30b: report
Investors seek to field capital whilst inflation keeps rising.
Top Singapore REITs unscathed by rising interest rates
Improving net operating income will help them mitigate costs.
Chart of the day: 62% of the accommodation industry expects improve outlook in H2
Return of tourists in Singapore seen as a catalyst for improve business conditions.
Market update: STI down 0.21%
Hongkong Land posted the most growth.
Jardine C&C underlying profit up 51% YoY to US$533m in H1 2022
This is supported by the higher contributions for Astra and THACO.
SIA Group’s operating profit up to $556.4m in Q1 FY22
Singapore fully opened borders on April 2022.
Ascott Residence Trust posts 14% DPS growth in H1 22
Its distribution per stapled security went up to $0.0233.
Jardine Matheson underlying profit soars 22% in H1
Approximately 58% of the group’s profits were led by its Southeast Asian businesses.
Japfa’s attributable profit plunges 62.9% to US$44m
This is due to the higher raw materials costs and other external factors.
Hongkong Land posts $292m profit in 2022 H1
This is an improvement from $865m loss in the same period last year.
Rising rents to boost Suntec Reit’s office, retail assets: Maybank
The firm’s distribution per unit went up 15% in the second quarter of 2022.
Property market to see ‘relatively’ strong, yet slower growth
Investment sales are expected to exceed $30b in 2022.
Industrial occupancy rate inches up to 90% QoQ in Q2
This is on the back of the multiple-user factory and warehouse segments.
69% of Singaporeans say hospitality venues should decline unvaccinated guests
Locals are now prioritising health and safety more than anything.
Full-year sales of shophouse market to hit below $2.0b
In H1, sales value was at $938.8m.
Chart of the day: 114 shophouses sold for $938.8m in H1 2022
Sales activity may have dipped however the market shows no sign of slowing.
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