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Daily Markets Briefing: STI up 0.6%

Daily Markets Briefing: STI up 0.6%

ThaiBev saw the sharpest decline amongst top active stocks with a 3.37% contraction.

Grade A office rents to see slowest growth in four years

Rents are tipped to grow by only 1% YoY in 2020.

Condo resale prices rose 1.7% in 2019

The OCR posted the sharpest growth in prices at 2.3%.

SATS bags 25-year cargo terminal concession in Saudi Arabia

The cargo terminal will handle 600,000 tonnes of cargo annually.

Singapore's container throughput rose 1.6% to 37.2 million TEUs in 2019

The Port of Singapore handled 626.2 million tonnes of cargo.

Logistics firm ESR, GIC sets up $673.3m JV to establish logistics facilities in China

The JV will develop state-of-the-art logistics facilities in key cities in China.

SPH profits fell 17.2% to $46.33m in Q1

The decline was led by lower advertisement revenues.

Hyflux's Utico deal plagued by woes from P&P holders

Some P&P holders intend to vote against the deal as concerns on financial obligations arise, said SIAS.

Daily Markets Briefing: STI down 0.15%

DBS led the gains amongst top active stocks with a 0.39% expansion.

Chart of the Day: Chinese buyers dominate foreigner home sales in 2019

5.2% of home sales in January-November came from foreigners and PRs from China.

Yanlord buys stakes in Shenzhen developers for $223.79m

It also disposed of a 5% interest in Hainan Yanlord Beautycrown.

Land prices drop 8-20% after developers turn cautious in GLS bid

Prices in the Bartley site dipped 20% compared to the latest land sale in the vicinity.

Retail sales dipped 4% to $3.6b in November

Motor vehicles and furniture & household equipment led the decline in sales.

Office spot rents likely to plateau in 2020

An influx of family offices could keep rental growth flat.