Market Update: STI up 0.73%

1 Jun 2021 - Singapore Business Review
Mapletree Industrial Trust saw the sharpest decline during Tuesday's trading, with a 1.77% drop. The Straits Times Index ended 22.95 points, or 0.73% higher, at 3,187.23 at the close of trading on Tuesday, June 1. Among the top active stocks were Singapore Airport Terminal Services (SATS) which grew ...
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City Developments executive flags potential cooling measures amidst rising residential prices

25 May 2021 - Singapore Business Review
Billionaire Kwek Leng Beng said cooling measures might be introduced if residential property prices continue to rise. The government could introduce cooling measures if residential property prices continue to rise, according to City Developments Limited (CDL) Executive Chairman Kwek Leng Beng. “The Chairman ...
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Market Update: STI up 0.26%

21 May 2021 - Singapore Business Review
Frasers Logistics & Industrial Trust saw the sharpest decline during Friday's trading, with a 0.69% drop. The Straits Times Index ended 8.08 or 0.26% higher at 3,117.89 at the close of trading on Friday, May 21. Among the top active stocks were Venture Corp. Ltd. which grew 1.36%, CapitaLand which grew ...
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City Developments in the midst of a board exodus

4 May 2021 - Singapore Business Review
Lim Yin Nee Jenny is the fourth director to resign from the property developer's board. City Developments Limited (CDL) has announced the fourth resignation from its Board of Directors, effectively disbanding its board committee. The property development firm has accepted the notice of resignation of ...
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CDLHT reports 1% YoY rise in net property income for Q1, 2021

30 Apr 2021 - Singapore Business Review
This is despite sharp declines in revenue per available room at many of its hotels. CDL Hospitality Trusts (CDLHT) reported a 1% rise in net property income (NPI) in Q1 2021 to $19.8m. This was up from $19.6m a year ago and comes despite ‘sharp declines’ revenue per available room (RevPAR) for those ...
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Market Update: STI down 1.22% on concerns over COVID-19 cases spike

22 Apr 2021 - Singapore Business Review
The Straits Times Index (STI) extended its losses as it closed down by 39 points or 1.22% at 3,153.17 on Wednesday. This is due to Asian markets’ growing concerns over resurgence of COVID-19 outbreaks, weighing on global investor sentiment. Bottom performers for the day were Keppel with a $5.30 or 2.75% ...
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CDL aims for master-developer status, launches Irwell Hill Residences

26 Mar 2021 - Singapore Business Review
The property group is “very confident” in becoming a master-developer. As part of the group’s goal to replenish its land bank and ensure a stable launch pipeline, City Developments Limited (CDL) is propped to becoming a master developer in Singapore. Instead of having small parcels of land, Singapore ...
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STI gains 9.2% in March

17 Mar 2021 - Singapore Business Review
The Straits Times Index continues to recover. The Straits Times Index (STI) gained 9.2% as of 15 March, according to latest data from the Singapore Exchange. The index, which tracks the top 30 companies traded in the exchange, falls within 20% of the record high of May 2018, and would have to decline ...
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Hospitality REITs on the road to recovery: OCBC

9 Mar 2021 - Singapore Business Review
Ascott Residence Trust is OCBC’s top hospitality pick. Hospitality REITs have borne the brunt of the COVID-19 pandemic but are now on the road to recovery, according to OCBC Investment research. “Singapore started vaccinations in December 2020 and targets to vaccinate the entire population by 3Q 2021. ...
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CDL suffers $1.9b loss in H2 2020

26 Feb 2021 - Singapore Business Review
The property firm's revenue fell by 38.5% for FY 2020. City Developments Limited reported a $1.9b loss in the second half of 2020. According to the property firm, significant loss was attributable to one-off impairment of $1.78b on Sincere Property Group investment and impairment losses for CDL’s hotels ...
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