Daily Markets Briefing: STI up 1.31%

30 Jun 2016 - Singapore Business Review
Expect some profit-taking today. According to OCBC, the rebound on Wall Street overnight could continue to provide some support to the local bourse today, potentially extending yesterday’s recovery. Here’s more from OCBC: We expect the STI to hold within 2765 and 2800 in the near term. Above 2800, we ...
sgx:^sti

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Asian cities could gain from Brexit uncertainty: Market watchers

29 Jun 2016 - Channel NewsAsia
SINGAPORE: Asian cities - including the Republic - could stand to gain if uncertainty over Britain’s exit from the European Union (Brexit) continues for a prolonged period of time, according to market watchers. They added that institutional and real estate investors will likely wait for clarity on the ...

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Mapletree Logistics Trust acquires $53.2m

29 Jun 2016 - DealStreetAsia
Mapletree Logistics Trust acquires its fifth property in Malaysia’s Shah Alam Industrial Park for S$53.2 million while CSC Holdings announced its $14.3 million dollar acquisition deal on a 15-acre freehold land plot in Seremban, Negeri Sembilan, Malaysia. Mapletree Logistics Trust Management Ltd, manager ...
sgx:m44u sgx:c06

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SGX-Baltic SE talks; Macquarie warrants, CMA CGM-NOL

29 Jun 2016 - DealStreetAsia
SGX and Baltic Exchange are extending their negotiations by over two months while Macquarie Bank has called for warrants on the Standard & Poor’s 500 (S&P 500). Meanwhile, NOL will be delisted after CMA CGM crossed the 90 per cent ownership threshold. The Baltic Exchange and Singapore Exchange (SGX) ...
sgx:s68 sgx:n03

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This Dirt-Cheap Small Stock May Be Hiding Some Huge Risks

29 Jun 2016 - The Motley Fool Singapore
Luxury watch retailer Cortina Holdings Limited (SGX: C41) is a small stock in Singapore’s market. At its current share price of S$0.77, it has a market capitalisation of merely S$127.5 million. But, a statistical valuation measure points to the possibility of the company being a big bargain. Based on ...
sgx:c41

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3 Things You Should Know About the Singapore Stock Market Today

29 Jun 2016 - The Motley Fool Singapore
Welcome to Wednesday evening! Here are three things about the Singapore stock market and investing in general that you might want to look at today and over the rest of the week. 1. The implications of the United Kingdom’s recent vote to leave the European Union are still unclear. As investors, what should ...
sgx:c52 sgx:n21

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Uber's new carpooling service to hit the streets on July 1

29 Jun 2016 - Singapore Business Review
Fares are around 25 cents cheaper. Uber will launch its uberPOOL ride-sharing service in Singapore on July 1, a move that will allow drivers to pick up and drop off multiple riders going in the same direction. The company said that the service will provide more riders with more trips and create greater ...

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Singapore: Hello Health closes $1.5m round led by Vietnam's CMG.Asia

29 Jun 2016 - DealStreetAsia
Hello Health Group has closed $1.5-million funding in a round led by Vietnamese conglomerate CMG.ASIA with participation from Thailand-based Charles Toomey, the former Global Head of Healthcare DKSH, and numerous other strategic angel investors. CMG.ASIA owns and operates 18 different brands in fitness, ...

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Singapore's growth to remain subdued on back of weak demand, China linkages: Moody's

29 Jun 2016 - Singapore Business Review
GDP growth will drop to 1.6% this year. Singapore's GDP growth will be substantially slower this year compared to 2015, according to a report by Moody's. Moody's expects Singapore's GDP growth to average 1.6%, after expanding by 2.0% in 2015. This forecast for 2016 is at the lower end of the Government ...

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Singapore: United Global to raise S$10.7m from Catalist IPO

29 Jun 2016 - DealStreetAsia
Singapore-based Lubricant manufacturer United Global, which produces and trades lubricants for automotive, industrial and maritime industries, is raising S$10.7 million in its initial public offering (IPO) on the Catalist board. Its IPO will see it selling 42.8 million new shares at S$0.25 each. This ...
sgx:s68

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