Singapore shares open lower on Wednesday; STI down 0.1% 

Singapore shares open lower on Wednesday; STI down 0.1% 

SINGAPORE shares began Wednesday (Oct 30) trading in negative territory as markets abroad saw mixed results overnight. As at 9.02 am, the Straits Times Index (STI) was down 0.1 per cent or 2.96 points at 3,587.4. Across the broader market, gainers outnumbered losers 78 to 50 after 53 million securities worth S$86.3 million changed hands. …

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CapitaLand Ascott Trust’s Q3 gross profit rises 8%

CapitaLand Ascott Trust’s Q3 gross profit rises 8%

CAPITALAND Ascott Trust’s (Clas) gross profit rose 8 per cent year on year in the third fiscal quarter ended September. On Wednesday (Oct 30), the lodging trust’s managers attributed the stronger top-line performance to portfolio reconstitution initiatives and stronger operating performance. This came as acquisitions, completed asset enhancement initiatives (AEIs), and interest savings from repayment…

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