Singapore stocks open higher on Thursday as Biden takes office; STI up 0.2%

21 Jan 2021 - The Business Times
SINGAPORE shares opened in positive territory on Thursday, following a strong lead from Wall Street overnight, as Joe Biden was inaugurated as the 46th president of the United States. The Straits Times Index (STI) gained 4.75 points or 0.2 per cent to 3,003.52. Gainers outnumbered losers 114 to 24, after ...
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Stocks to watch: CICT, SIAEC, GK Goh, SIIC Environment, GHY Culture & Media

21 Jan 2021 - The Business Times
THE following companies saw new developments that may affect trading of their securities on Thursday. CapitaLand Integrated Commercial Trust (CICT): The newly-merged trust's Q4 distribution per unit (DPU) has fallen 15.4 per cent year on year to 2.63 Singapore cents. This comprised a clean-up DPU of ...
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Asian markets upbeat on stimulus hopes ahead of Biden's inauguration

21 Jan 2021 - The Business Times
Singapore ASIAN markets mostly rose on Wednesday, just before the inauguration of Joe Biden as US President, as investors looked with optimism towards the stimulus that could follow, but analysts noted that US-China tensions may not go away. Last week, Mr Biden unveiled a US$1.9... To continue reading ...
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UOBKH starts coverage on GHY Culture & Media with 'buy' call, S$1.08 target price

21 Jan 2021 - The Business Times
Singapore UOB Kay Hian (UOBKH) has initiated coverage on GHY Culture & Media Holding with a "buy" recommendation and target price of S$1.08. The entertainment and content provider made its debut on the mainboard of the Singapore Exchange (SGX) in December last year at 70 Singapore cents, 6.1 per cent ...
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Fundamentals for Malaysia equities still solid, KLCI to hit 1,830: Maybank

20 Jan 2021 - The Business Times
DESPITE a second round of movement control order (MCO) restrictions across most of Malaysia in a bid to curb the increase in coronavirus cases - the so-called MCO 2.0 - Maybank Kim Eng analysts say the underlying fundamentals for the country's equity market remain intact. Maybank's... To continue reading ...
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Markets upbeat on Yellen's push for large fiscal stimulus

20 Jan 2021 - The Business Times
ASIAN markets on Wednesday largely responded positively after US Treasury Secretary nominee Janet Yellen made the case for president-elect Joe Biden's US$1.9 trillion relief package. During her Senate confirmation hearing on Tuesday, she urged lawmakers to "act big", adding that help for the unemployed ...
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Broker's take: UOBKH starts coverage on GHY Culture & Media with 'buy', S$1.08 TP

20 Jan 2021 - The Business Times
UOB Kay Hian has initiated coverage on GHY Culture & Media Holding with a "buy" recommendation and target price of S$1.08. The entertainment and content provider made its debut on the mainboard of the Singapore Exchange (SGX) in December last year at 70 Singapore cents, 6.1 per cent higher than its initial ...
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Singapore stocks slip at Wednesday's open; STI down 0.1%

20 Jan 2021 - The Business Times
SINGAPORE shares began Wednesday on a softer note, even with a positive lead from Wall Street overnight. The Straits Times Index (STI) slipped 3.68 points or 0.1 per cent to 2,992.24, after flirting near the 3,000 mark on Tuesday. Gainers outnumbered losers 121 to 42, after 183.7 million securities worth ...
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Stocks to watch: ESR-Reit, First Reit, Keppel Infra Trust, Sunningdale, ARA Logos, Oxley

20 Jan 2021 - The Business Times
THE following companies saw new developments that may affect trading of their securities on Wednesday. ESR-Reit: Its manager on Wednesday reported a Q4 FY2020 distribution per unit (DPU) of 0.741 Singapore cent, down 25.9 per cent from one cent for the same period a year ago. This brings the Reit's full ...
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SPACs can benefit Singapore, but implementation will determine success: participants

20 Jan 2021 - The Business Times
Singapore ALLOWING Special Purpose Acquisition Companies (SPACs) to list in Singapore can benefit the Singapore markets, and there is interest from investors and sponsors in the structure, but market participants said success would depend on how the listing rules are drawn up. Last... To continue reading ...
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