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 ...
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Ascendas REIT 'not presently' pushing with Hyflux debt moratorium carve-out

6 Jul 2020 - Singapore Business Review
This comes after the latter’s second pre-trial conference (PTC) on 2 July. Ascendas REIT (A-REIT) has informed the High Court that it is not presently proceeding with its application to be carved out of Hyflux’s debt moratorium by the Unsecured Working Group, an SGX filing revealed. This comes after ...
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Property deals crashed 45% to $6.13b in H1 2020

3 Jul 2020 - Singapore Business Review
Despite the surge in big commercial deals, the lack of hospitality deals dragged overall volume. Property investment volume slumped 45% YoY to $6.13b in the first half of 2020, according to data from Cushman & Wakefield. In Q2, deal volume held steady at $3.06b boosted by big ticket commercial deals. ...
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Singapore properties, banks ride HK tailwind

2 Jul 2020 - The Business Times
SINGAPORE property and banking stocks with exposure to China, rallied alongside Hong Kong-listed Mainland developers on Thursday. China developers had led gains on speculation the security legislation could lend some stability and attract shoppers and funds back to Hong Kong. “Property stocks with presence ...
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Stocks to watch: Keppel, SPH, IHH Healthcare, UOB, Hatten Land

30 Jun 2020 - The Business Times
THE following companies saw new developments that may affect trading of their securities on Tuesday: Keppel Corp, Singapore Press Holdings (SPH): Conglomerate Keppel Corp is setting up a joint venture (JV) with SPH to develop and operate data centre facilities at the media and property group’s Genting ...
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Majority of banks ready to trade SORA derivatives, says committee

29 Jun 2020 - Singapore Business Review
Banks including OCBC and DBS have already made their first SORA-related activities. The majority of the member banks in the Steering Committee for SOR Transition to SORA (SC-STS) are ready to trade Singapore Overnight Rate Average (SORA) derivatives, which is expected to pave the way for greater market ...
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Singtel, Starhub-M1,TPG get go-ahead to operate 5G

25 Jun 2020 - Singapore Business Review
The three firms have appointed tech partners for various 5G developments and trials. Singtel, Starhub-M1 and TPG have been given a go-ahead from the Infocomm Media Development Authority (IMDA), separate press releases revealed. Singtel and Starhub-M1 can now operate 5G networks nationwide, whilst TPG ...
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MIT secures $410m from oversubscribed private placement

24 Jun 2020 - Singapore Business Review
It was approximately 8.2 times covered at the top end of the issue price range. Mapletree Industrial Trust (MIT) has announced that its private placement was oversubscribed, raising $410m at $2.8 apiece, an SGX filing revealed. Also read: MIT to raise $350m through private placement Its joint bookrunners ...
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Mapletree Industrial Trust's private placement over-subscribed, to raise total of $410 mil

24 Jun 2020 - The Edge Markets
SINGAPORE (June 24): The manager of Mapletree Industrial Trust (MINT) says that its proposed private placement on Tuesday (June 23) was over-subscribed. See: Mapletree Industrial Trust launches private placement to raise $350 mil to fund acquisition of data centres It has closed the books of orders for ...
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China punishes Tencent, ByteDance apps in renewed clampdown

23 Jun 2020 - The Edge Markets
(June 23): China has penalized 10 of the country’s most popular livestreaming apps, suspending some of their operations in a renewed crackdown on fast-growing services backed by Tencent Holdings Ltd. and ByteDance Ltd. Regulators singled out ByteDance’s Xigua and three apps run by Tencent-backed firms ...