Markets & Investing
Glass Lewis urges Sabana REIT unitholders to vote against Quarz’s resolutions
Glass Lewis urges Sabana REIT unitholders to vote against Quarz’s resolutions
The proxy adviser recognised the REIT manager's strong performance over the past 5 years.
Tenure rule for independent directors does not guarantee a 9-year term: SGX RegCo CEO
SGX RegCo imposed a nine-year limit for independent directors last year.
Top industrial stocks booked $74m of combined net institutional flow
Seven stocks generated average total returns of 14%/19% in the past seven months.
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.
CapitaLand Malaysia Trust’s net property income soars 51.8% YoY to $16.6m in 2Q23
Contribution from Queensbay Mall lifted the REIT’s income.
Daily Markets Briefing: STI up 0.12%; ThaiBev is top stock
Thai Beverage closed with a 1.71% increase.
Daily Markets Briefing: STI down 0.3%; Seatrium is top stock
Seatrium grew by 3.52%.
Keppel Land completes liquidation of subsidiary
Mansfield & Company is a dormant subsidiary of the real estate company.
Daily Markets Briefing: STI up 0.64%; UOB is top stock
UOB increased by 3.43%.
Daily Markets Briefing: STI down 0.01%; Sembcorp Industries is top stock
Sembcorp Industries rose by 2.60%.
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