Markets & Investing

STI up 5.2% in July

STI up 5.2% in July

The top stocks during the month were Seatrium and Keppel Corp.

ES Group expects net loss for H1

The unexpected breakdown of the ES Jewel vessel contributed to the loss.

What makes Singapore a critical global wealth hub?

75% of  assets under management (AUM) in SG are from diverse overseas sources.

MPACT net property income surges 68% YoY to $179.2m in Q1 FY23/24

This was boosted by the effect of the merger and its Singapore performance.

CICT net income up 10.1% YoY to $552.3m in H1

This is supported by its acquisitions and property enhancements.

S-REITs to withstand softening property market conditions

URA data shows that vacancy rates for retail spaces in Central Area have increased to 13.2% 

CLCT’s NPI down 7.4% YoY to $129.2m in H1

Its gross revenue was also down 7.4% to $184.5m.

Olam Group expects lower PATMI in H1

This is due to a lower almond crop yield and higher interest costs.

Keppel Land completes liquidation of subsidiary

Mansfield & Company is a dormant subsidiary of the real estate company.

Aspen Glove files winding up petition

This came following the termination of its asset and interest disposal proposal.

Chart of the Day: How did Singapore’s IPO market perform in 1H23?

Data from EY showed that Singapore only had 3 IPOs year-to-date.