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Daily Markets Briefing: STI up 0.73%; Top stock is DFIRG USD
Daily Markets Briefing: STI up 0.73%; Top stock is DFIRG USD
DFIRG USD is the top stock with a 4.19% increase.
Office vacancy rises to 8.1% in Q1
Net absorption dropped to 0.08 million sq ft.
Disconnected systems delay resolution, frustrate Singaporean customers
Singaporeans spent 40 million hours on hold.
Singapore Changi Airport logs 63 million int’l passengers in 2024
Passenger traffic grew 14.3% year-on-year.
YouTrip launches MYR wallet and offers free weekend shuttle service
Users will have to prebook slots for the shuttle services.
Singapore banks’ dividends to weather economic and global trade woes
DBS and OCBC are expected to hold their dividends steady in 2025.
Sabana REIT NPI up 22% to $16m in Q1
DPU also rose to $0.0086.
Sinarmas Land profit down 5.5% to $154m in H2
Revenue for the period also fell 2.9%.
Japfa shareholders approve privatisation scheme
The delisting of the shares is expected to occur on or around 3 June.
Payment performance improves slightly in Q1
Three out of five sectors reported higher slow payments.
LHN proposes spin-off, SGX Listing for co-living unit Coliwoo
The spin-off will not affect LHN's majority stake in Coliwoo Group.
Gov't concludes review of Singapore Standard Industrial Classification
The 2025 SSIC maintains basic principles with changes made to align with international standards.
Aztech’s net profit plunges 90.3% YoY
The decline was due to reduced customer demand.
NTU gets $110M for education initiatives
The university plans to launch three educational initiatives.
SIA Group passenger traffic falls 0.8% in March
Load factor also dropped to 84.7%.
Lum Chang unit secures contract for New Bridge commercial development
The contract is valued at $29.14m.
Oiltek bags new $18.4m contracts
The group’s current order book stands at $119.9m.
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SG60: What the next 10 years have in store for Singapore’s investment landscape