News
Chart of the day: 62% of the accommodation industry expects improve outlook in H2
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.
Market update: STI up 0.52%
Yangzijiang Shipbuilding was at the top.
Park View Mansions acquired enbloc for $260m
The property will be turned into a residential development.
Keppel Infrastructure Trust distributable income drops by 13%
The firm blames the drag to higher trust expenses.
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