News
Net profit of Sheng Siong jumps 5.7% YoY to $34.8m in 3Q23
Net profit of Sheng Siong jumps 5.7% YoY to $34.8m in 3Q23
The higher profit pushed the company's earnings per share up by 5.9% YoY.
Retail recovery drives 1.2% YoY increase in CLCT's net property income in 9M23
In 9M23, the REIT recorded a net property income of RMB316.4m ($59.8m).
Daily Markets Briefing: STI declines 0.24%; Genting Singapore is most active stock
Genting Singapore closed trading at 2.34%.
Resale condo prices rise as sellers hold firm to asking prices
In September, prices rose 0.8% MoM despite a drop in transactions.
How many hours do Singapore consumers spend on shopping apps?
Globally, time spent on shopping apps on Android phones alone is projected to rise 42% in 2023 from 2020.
Manufacturing output grows 10.7% MoM in September
Excluding the biomedical manufacturing segment, output would’ve grown by 17.9% MoM.
High Street Centre up for sale via public tender for $748m
The tender closes on 25 January 2024.
Condo resale prices increase by 7.6% YoY in September
Across submarkets, RCR posted the highest year-on-year price increase.
Condo resale volumes drop 18.4% MoM in September
Over 700 units got resold during the month.
UOB’s net profit up 5% to S$1.5b in Q3
Net fee income growth helped drive profits.
LTA completes upgrade of North-South and East-West lines
As part of the upgrade, LTA replaced more than 1,100 track circuits.
Mapletree Industrial Trust's net property income drops 1.4% YoY to $128.6m in 2QFY23/24
In the same quarter, DPU fell 1.2% YoY.
CICT posts 0.6% YoY higher net property income of $275m in 3Q23
The REIT attributed its improved NPI to higher gross rental income.
NetLink NBN hit by cybersecurity incident
The incident does not affect the company's fibre broadband connectivity.
Daily Markets Briefing: STI declines 0.17%; Genting Singapore is most active stock
Genting Singapore is top stock, increasing 3.64%.
Private residential non-landed rents increase by up to 10% in 2023
Year-to-date, rents have risen by 7%.
Private residential resale volume slips 12% YoY to 2,748 units in 3Q23
For 2023, OrangeTee expects resale volume to reach 10,000-12,000 units.
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