See More Articles Posted 24 Apr 2020 - evankoh


28 May 2020

1 min ago

SGX plunges to 17-year low as MSCI signs pact with HKEX


The move deals a blow to SGX, which considers the Hong Kong bourse one of its main rivals. Shares in Singapore Exchange Ltd. plunged after MSCI Inc. announced it will move licensing for derivatives products on a host of gauges to Hong Kong from Singapore. SGX’s stock fell 12%, the most since 2003, amidst ...

Singapore Business Review

1 min ago

Chart of the Day: Far East Hospitality Trust's master leases led by fixed rents


Slow demand poses a risk to hotels receiving mainly fixed rents. This chart from OCBC Investment Research (OIR) shows the proportion of fixed rent to the variable rent component of Ascott Residence Trust (ART), CDL Hospitality Trusts (CDLHT), and Far East Hospitality Trust (FEHT). Amongst these, FEHT ...

Singapore Business Review

2 hours ago

MinLaw's proposed bill on rental relief could hurt S-REITs' cash flow


The bill has yet to clarify whether the start date is in March or April. S-REITs may likely see its cash flow deteriorate in the near term as the Ministry of Law’s (MinLaw) upcoming new bill requires landlords to share equally the burden of rental reliefs to qualifying SME tenants, according to an analyst ...

Singapore Business Review

4 hours ago

Singtel's profits slid 26% YoY in Q1


This is attributed to Airtel’s charges for regulatory costs. Singapore Telecommunications’ (Singtel) post-tax profits crashed 26% YoY to $574m in Q1 from $773 in 2019, according to an SGX filing. This is attributed to Airtel’s exceptional charges for regulatory costs, including the adjusted gross revenue ...

Singapore Business Review

6 hours ago

CapitaLand obtains $500m sustainability-linked bilateral loan


This brings the total funds raised to over $2.42b. CapitaLand has obtained a four-year $500m sustainability-linked loan from United Overseas Bank (UOB), according to an announcement. This marks the largest sustainability-linked bilateral loan in Singapore’s real estate sector. The loan is CapitaLand’s ...

Singapore Business Review

8 hours ago

Total company dividends to drop 4.5% in 2020


UOB is expected to suspend its special dividend for 2020. Singapore companies are expected to post $20.14b (US$14.2b) in dividends for 2020, a 4.5% YoY fall compared to the $21b (US$14.8b) recorded last year, according to IHS Markit’s 2020 APAC dividends report. This results from the circuit breaker ...

Singapore Business Review

10 hours ago

Stocks to watch: Singtel, CapitaLand, UOB, SGX, City Dev, Chip Eng Seng


THE following companies saw new developments that may affect trading of their securities on Thursday: Singapore Telecommunications (Singtel): The telco’s net profit fell 25.7 per cent to S$574.4 million for its fourth quarter ended March 31, 2020. This came as Singtel took a net exceptional charge of ...

The Business Times

27 May 2020

22 hours ago

SGX shares suffer biggest drop since 2003 as MSCI signs agreement with Hong Kong


(May 27): Shares in Singapore Exchange Ltd. plunged after MSCI Inc. announced it will move licensing for derivatives products on a host of gauges to Hong Kong from Singapore. SGX’s stock fell 11.8% as of 3:22 p.m. local time, set for the biggest drop since 2003, amid concerns over the loss of revenue ...

The Edge Markets

1 day ago

Chart of the Day: Tenant sales of local malls slowed in Q1


Suburban malls seem to be holding up better. This chart from Maybank shows that tenant sales in Singapore’s retail sector slowed following enhanced safe distancing measures, with Wisma Atria and SuntecCity posting the largest decline at 15.4% and 20.2% in Q1, respectively. Meanwhile, VivoCity and FCT ...

Singapore Business Review

1 day ago

Stable playing field a gain for Singapore banks: report


High credit costs can be covered by profits. Singaporean banks still reap the benefits of operating in an economically-stable environment, as shown by their robust funding profiles and the sound financial system, according to an S&P Global Ratings report. Sector fundamentals will remain healthy despite ...

Singapore Business Review

1 day ago

SGX reduces licence agreement with MSCI from February 2021


SINGAPORE (May 27): Singapore Exchange (SGX) will reduce its licence agreement with MSCI from February 2021, it said in an announcement on Wednesday. With the exception of MSCI Singapore products, the reduced partnership will see SGX’s licence agreement with MSCI expire. MSCI Singapore futures and options ...

The Edge Markets

1 day ago

STI up 30.47 points on firm regional sentiment; beneficiaries of Covid-19 pandemic bounce higher


SINGAPORE stocks rallied strongly on Tuesday after an extended weekend, amid generally firm sentiment across the region and the futures market pointing towards further gains on Wall Street. The market was also anticipating further fiscal stimulus to be unveiled by Singapore’s Finance Minister Heng Swee ...

The Business Times

1 day ago

Singtel's Indian unit divests 2.75% stake for $1.63b


Bharti Group and Singtel will continue to own 56.23% in Bharti Airtel. Singtel’s Indian associate Bharti Airtel have sold 2.75% of its stake to institutional investors for $1.63b (US$1.15b) through an accelerated book building process in the secondary market, an SGX filing revealed. The allocation was ...

Singapore Business Review

1 day ago

Stocks to watch: China Sunsine Chemical, DLF Holdings, Sapphire Corp, DBS, OCBC


THE following companies saw new developments that may affect trading of their shares on Wednesday: China Sunsine Chemical Holdings: The speciality rubber chemicals producer on Tuesday said the group is expected to record lower revenue and profit for fiscal 2020 than it did for the preceding financial ...

The Business Times

26 May 2020

1 day ago

Brokers' take: DBS, Maybank KE cut target price for ComfortDelGro


TWO analysts on Tuesday have lowered their target price on the stock of land transport giant ComfortDelGro Corp. Maybank Kim Eng maintained its "buy... To continue reading SUBSCRIBE for full content LOG IN if you are a subscriber Get our introductory offer at only $0 .99*/month Cancel anytime *$0.99/month ...

The Business Times

2 days ago

AVIC Trust to exit ARA Asset Management, other shareholders raise stakes


SINGAPORE (May 26): On May 26, ARA Asset Management announced that AVIC Trust will be exiting as a shareholder of ARA Asset Management. At the same time, John Lim, CK Asset Holdings and Straits Trading, will raise their collective shareholding to 51.3%, and Warburg Pincus will hold 48.7% of ARA. The ...

The Edge Markets

2 days ago

CapitaLand launches eCapitaMall and Capita3Eats in Singapore


Both the e-commerce platforms will be publicly accessible from 1 June. CapitaLand is set to launch an ecommerce platform – eCapitaMall and an online food ordering platform – Capita3Eats to drive sales for Singapore’s retailers during the Phase One reopening period, and beyond. eCapitaMall will feature ...

Singapore Business Review

2 days ago

Singapore shares open higher ahead of fourth budget; STI up 0.9%


SINGAPORE shares started the work week higher ahead of an announcement of Singapore's fourth Covid-19 support package on Tuesday. The Singapore market advanced despite the Ministry of Trade and Industry on Tuesday morning projecting gross domestic product to shrink by between 7 per cent and 4 per cent ...

The Business Times

2 days ago

Daily Markets Briefing: STI down 2.17%


OCBC saw the sharpest decline amongst top active stocks with a 4.5% drop. The Straits Times Index ended 55.51 or 2.17% lower at 2,499.83. The top active stocks were OCBC Bank, which crashed 4.5%, DBS, which dropped 1.39%, Singtel, which dipped 1.49%, UOB, which slipped 1.12%, and ST Engineering with ...

Singapore Business Review

2 days ago

Stocks to watch: ComfortDelGro, Koufu, DBS, Lian Beng, SLB, Geo Energy


THE following companies saw new developments that may affect trading of their securities on Tuesday: ComfortDelGro Corporation: The transport giant's net profit fell 48.9 per cent on year to S$36 million for the first quarter ended March 31, hit by weak ridership amid Covid-19-induced lockdowns in the ...

The Business Times

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