Singapore shares close 0.6% down

9 Jul 2020 - The Business Times
SINGAPORE shares closed lower on Thursday, with the key Straits Times Index falling 16.84 points or 0.6 per cent to 2,652.65 on a quiet trading day ahead of Friday’s polling in the city state and the release of key US jobless data. Much of the region, however, posted gains in the key gauges in Japan, ...
sgx:o39 sgx:cdvz sgx:8yy sgx:d05 sgx:h78 sgx:bn4 klse:0080 sgx:c38u sgx:sk3 lse:hklb sgx:c31

Utico raises Hyflux's equity valuation offer to $485m

9 Jul 2020 - Singapore Business Review
The RA was also extended to end July. Hyflux’s white knight investor Utico has announced that they raised the embattled water firm’s equity valuation offer to a minimum of $485m, a press release revealed. The UAE-based firm stated that this includes cash and stock deals, details of which have been sent ...
sgx:btwz sgx:600

Singapore stocks post modest gains after Wall Street rally; STI up 0.2% at open

9 Jul 2020 - The Business Times
SINGAPORE shares continued to edge up on Thursday, after eking out modest gains the previous day and tracking a Wall Street rally overnight. The benchmark Straits Times Index (STI) gained 5.90 points or 0.2 per cent to 2,675.39 as at 9.01am. Gainers outnumbered losers 104 to 33, after some 65.9 million ...
sgx:41a sgx:cdvz sgx:d05 sgx:g13 sgx:bn4 sgx:o32 hkex:5 sgx:o39 klse:3182 sgx:8yy sgx:ph0 sgx:pu6d klse:0080 sgx:1h3 sgx:sk3 sgx:c31

HDB resale volume surged 573.6% in June

9 Jul 2020 - Singapore Business Review
This marks as the highest monthly sales inked since July 2018. HDB resale transactions skyrocketed 573.6% MoM and 26.7% YoY to 2,452 deals in June, according to an SRX report. About 40.3% of the volume comes from four-room, 26.3% from three-room, 24.1% from five-room, 7.4% from executive and the rest ...

Keppel unit extends KrisEnergy's restructuring deadline to 30 September

9 Jul 2020 - Singapore Business Review
The latter failed to complete the restructuring process by 15 July. Kepinvest Singapore, a wholly-owned subsidiary of Keppel Corporation Limited (KCL), made a deal with KrisEnergy to extend the latter’s restructuring completion deadline from 15 July to 30 September, an SGX filing revealed. This comes ...
sgx:s68 sgx:cdvz sgx:bn4 sgx:sk3

Olam unit secures samurai loan facility of $324.08m

9 Jul 2020 - Singapore Business Review
Olam Treasury aims to refinance existing loans and general corporate purposes. Olam Treasury, a wholly owned subsidiary of agribusiness Olam International, has secured a medium-term samurai loan facility of $324.08m (JPY25b), according to an announcement. Olam’s managing director and group CFO N Muthukumar ...
tse:8301 usx:smfg sgx:o32

Biolidics, LC-Bio team up to develop cancer diagnostic solutions

9 Jul 2020 - Singapore Business Review
Biolidics will be LC-Bio's exclusive partner in China for five years. Biolidics has entered into a collaboration agreement with LC-Bio Technologies, Hangzhou (LC-Bio) to develop cancer diagnostic solutions for a duration of five years, according to an announcement. Biolidics will be LC-Bio's exclusive ...

Stocks to watch: Olam, Keppel, Clearbridge, Hatten Land, Biolidics

9 Jul 2020 - The Business Times
THE following companies saw new developments that may affect trading of their securities on Thursday: Olam International: The agri-business group's wholly-owned unit, Olam Treasury, has obtained a medium-term samurai loan facility aggregating 25 billion yen (S$324.2 million) in the Japanese market. Olam ...
sgx:s68 sgx:cdvz sgx:8yy sgx:bn4 sgx:ph0 sgx:1h3 sgx:sk3 sgx:drx sgx:o32

Chart of the Day: Overall home sales in CCR surge 72% in Q1

8 Jul 2020 - Singapore Business Review
A total of 4,269 private residential units were sold in the quarter. This chart from PropNex research shows that the Core Central Region (CCR) saw the sharpest rise in overall home sales, surging 72% YoY to 1,073 in Q1, which is partly driven by a new launch, The M. In total, 4,269 private residential ...

Daily Markets Briefing: STI up 0.3%

8 Jul 2020 - Singapore Business Review
Medtecs International led the gains amongst top active stocks with a 16.31% expansion. The Straits Times Index (STI) ended 8.07 or 0.3% higher at 2,669.49. The top active stocks were Medtecs International, which jumped 16.31%, DBS, which advanced 0.55%, Singtel, which increased 0.4%, OCBC Bank, which ...
sgx:es3 sgx:o39 sgx:d05 sgx:z74 sgx:546 klse:0080 sgx:c31