Staff Reporter
Lower almond yields and high-interest rates lower Olam Group’s H1 PATMI
The SGX-listed group posted $47.9m PATMI in the first half (H1) of 2023.
Daily Markets Briefing: STI declines 0.86%; Genting Singapore is top gainer
Genting Singapore traded 3.80% up.
3 reasons why Singapore’s growth momentum will improve in 2H23
RHB expects GDP to grow 2.0% in 2023, a higher estimate than the government's.
What motivates Singaporeans to increase travel spending
The top reason is to see their friends and family.
Singapore’s life insurance premium down 17% in the first half of 2023
Single-premium policy’s performance dragged the overall sector’s result.
ST Eng'g net profit up 0.2% to S$280.6m in H1; interim dividend is 0.4 cents
The urban solutions and satcom segment saw an EBIT loss of S$34m.
Singaporeans increase travel spending by $325
Over 42% of Singaporeans polled said they would spend more on travel in 2023.
CLI’s PATMI down 19% to $351m in H1
The PATMI was attributed to improved operating performance in most sectors.
Bumitama Agri’s net profit down 45.4% YoY in H1
It went down to IDR 759.76b ($67.34m) in the first half (H1) of 2023.
UOL’s net attributable profit shrinks to $135m in 1H23
Lower attributable fair value gains on its investment properties drove the 64% YoY decline.
Nanofilm Technologies captures $7.6m net loss in 1H23
The company attributed its loss to a softer consumer electronics market.
First Resources’ net profit falls 44.1% YoY to $71.5m in 1H23
The company’s sales likewise fell during the period.
Sasseur REIT’s DPU drops 2,6% YoY in 1H23
On a like-for-like currency basis, DPU would have been higher by 8.1% YoY.
Sembcorp Industries enters MSCI Singapore Index
It will be included in the index on 1 September.
CLI clinches $1.3b equity commitment for its private funds
To date, CLI has raised a total equity of $3.2b.
MTI narrows 2023 GDP growth forecast range to 0.5%-1.5%
‘Weak external demand outlook’ for the rest of 2023 was cited as the reason for the move.
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