Singapore shares fall 0.8%

20 May 2020 - The Business Times
SINGAPORE shares closed lower on Wednesday, snapping a three-day winning streak as the vaccine-led rally got a much-needed reality check. The Straits Times Index fell 19.39 points or 0.75 per cent to finish at 2,561.94 on Wednesday. In the year to date, the index is down just over 20 per cent. Risk-on ...
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Eagle Hospitality Trust's Wu and Woods to quit following discovery of 'prejudicial' transactions

20 May 2020 - The Edge Markets
SINGAPORE (May 20): Eagle Hospitality Trust’s (EHT) non-executive chairman Howard Wu and deputy chairman Taylor Woods are set to resign from the Board of Directors, the REIT announced on Wednesday. Both Wu and Woods, who also double-up as co-founders and principals of the REIT’s sponsor Urban Commons, ...
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Stocks to watch: Suntec Reit, SPH, Ho Bee Land, Oxley, UG Healthcare

20 May 2020 - The Business Times
THE following companies saw new developments that may affect trading of their shares on Wednesday: Suntec Real Estate Investment Trust (Suntec Reit): Suntec Reit on Tuesday launched and priced its S$200 million five-year notes at 2.6 per cent. The notes are expected to be issued at par on May 27, 2020 ...
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Daily Markets Briefing: STI up 1.66%

20 May 2020 - Singapore Business Review
DBS led the gains amongst top active stocks with a 2.78% expansion. The Straits Times Index (STI) ended 42.05 or 1.66% higher at 2,581.33. The top active stocks were DBS, which grew 2.78%, Singtel, which increased 1.12%, SIA, which inched up 0.54%, UOB, which advanced 1.69%, and OCBC Bank with a 2.27% ...
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Lack of aviation-related projects drags on ST Engineering's earnings

19 May 2020 - Singapore Business Review
But the group has ample resources to pursue M&A should opportunities arise. The lack of aviation-related projects are projected to drag down ST Engineering’s earnings by around 14% in FY2020, whilst FY2021 earnings are likely to shrink by 18%, according to a report by DBS Group Research. The MRO segment ...
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Singapore shares advance at Tuesday's open after Wall Street surge; STI up 2%

19 May 2020 - The Business Times
SINGAPORE shares opened stronger on Tuesday in line with other Asian markets. This comes as Wall Street made strong gains overnight, on hopes of a Covid-19 vaccine and as investors took heart that the gradual easing of lockdowns in Europe would stimulate economic growth. On the Singapore bourse, the ...
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AIMS APAC REIT to join MSCI Singapore Small Cap Index

19 May 2020 - Singapore Business Review
This is said to signify higher trading liquidity and visibility. AIMS APAC REIT Management will be included in the MSCI Singapore Small Cap Index as of the close of market trading on 29 May, according to an announcement “The inclusion signifies higher trading liquidity and visibility among global institutional ...
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Slow recovery ahead for Singapore's retail sales: analyst

19 May 2020 - Singapore Business Review
Shoppers may still have limited shopping venues to visit after the circuit breaker. Retail sales in Singapore is expected to recover slowly as businesses are easing cautiously and footfall remains, according to a DBS Group Research report. The easing of the circuit breaker for businesses and improvement ...
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Singtel upholds share of Bharti Airtel's provision at $357m

19 May 2020 - Singapore Business Review
The telco says that it will be an exceptional item in its financial results for Q1 and FY2020. Singtel stated that they will recognise its share of its Indian associate Bharti Airtel’s provision of a one-time spectrum charge amounting to $357m or $232m on a post-tax basis, a local bourse filing shared. ...
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Stocks to watch: Singtel, OCBC, Sembcorp, Starhill Global Reit, UOL, Perennial

19 May 2020 - The Business Times
THE following companies saw new developments that may affect trading of their securities on Friday: Singapore Telecommunications (Singtel): Singtel on Tuesday said it will recognise its share of Bharti Airtel's provision for a one-time spectrum charge at S$357 million, or S$232 million on a post-tax ...
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