News
Daily Markets Briefing: STI down 1.07%; Top stock is DFIRG USD
Daily Markets Briefing: STI down 1.07%; Top stock is DFIRG USD
DFIRG USD is the top stock with a 2.30% increase.
Lower-than-expected labour stats offset inflation risks
The core inflation forecast remains at 3.3%.
CBRE strengthens ESG services with Paia Consulting acquisition
The consulting firm’s leadership will assume key roles at CBRE.
Expert raises 2024 growth forecast for HDB resale prices to 7%-8%
Demand for resale flats is likely to remain robust for the remaining months.
Singapore slated to remain as data centre of SEA
It currently has a capacity of 973 MW.
MAS forms review group to boost Singapore’s equities market
The review group will be supported by two workstreams.
HashKey OTC gets Singapore license to offer DPT services
It previously operated under an exemption.
Geo Energy acquires majority stake in coal infrastructure developer
A $13m integrated infrastructure project was also signed.
Keppel buys Chennai office complex for $352.9m
The property will be used to attract investors to the Indian office market.
Jardine C&C’s H1 underlying profit drops 14%
Underlying earnings per share also dropped 14% to $1.70.
Singapore sales professionals allocate only 29% of time to customer interaction
About 73% of sales teams have either fully implemented or are experimenting with AI.
Jardine Matheson’s underlying profit sinks 33% in H1 2024
The decline was mainly due to weaker contributions from Hongkong Land.
Hongkong Land's losses widen by 150% as revaluations hit earnings
Loss for the period was US$833m.
FHT's Singapore RevPAR falls 7.2% YoY amidst easing travel demand
Occupancy also declined in 9M 2024.
CapitaLand unveils second phase of project Sycamore in Vietnam
This follows the launch of its first phase which sold 70% of its released units.
Margaret Drive residential site draws two bids at tender close
The highest bid was $497m.
DFI Retail Group profits more than double to $76m in H1 2024
The convenience and food divisions drove the increase.
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Commentary
SG60: What the next 10 years have in store for Singapore’s investment landscape