Posts by Mark Darwin
Singapore stocks gain at Friday’s open; STI up 0.4%
SINGAPORE shares began trading stronger on Friday (Jan 3) morning after global indices ended mixed overnight. As at 9.01 am, the Straits Times Index (STI) climbed 0.4 per cent or 15.77 points to 3,816.58. Across the broader market, gainers firmly outweighed losers 91 to 22 with 40.3 million securities worth S$66.4 million traded. CapitaLand Integrated…
Read MoreStocks to watch: Keppel DC Reit
THE following company saw new developments that may affect the trading of its securities on Friday (Jan 3): Keppel DC Reit: The manager of the real estate investment trust (Reit) announced on Thursday that it will be divesting Basis Bay Data Centre in Cyberjaya, Malaysia, for RM55.6 million (S$16.9 million). It said that the sale is…
Read MoreKeppel DC Reit to divest Malaysia data centre for RM55.6 million
Reit subsidiary has entered into a sale and purchase agreement with Basis Bay Services MSC, an unrelated third party KEPPEL DC Real Estate Investment Trust (Reit) is divesting Basis Bay Data Centre in Cyberjaya, Malaysia, for RM55.6 million (S$16.9 million). On Thursday (Jan 2), Keppel DC Reit’s manager said that Basis Bay Capital Management, a…
Read More10-year average return on Singapore Savings Bonds slides to 2.82%
THE 10-year average return for the latest tranche of Singapore Savings Bonds (SSBs) continued to fall, to 2.82 per cent, in line with rate cuts by the US Federal Reserve. In contrast, the preceding month’s 10-year average return was 2.86 per cent. The February tranche, which opened on Thursday (Jan 2), has a first-year interest…
Read MoreSias urges independent professional inquiry into SingPost’s dismissal of senior executives
AN INDEPENDENT professional inquiry should be commissioned to look into the circumstances that led to the dismissal of three Singapore Post (SingPost) senior executives. This is in light of the seriousness of the incident, as well as “the large number of questions still circulating”, said David Gerald, founder, president and chief executive of the Securities…
Read MoreApple offers iPhone discounts in China as competition intensifies
APPLE is offering rare discounts of up to 500 yuan (S$93) on its latest iPhone models in China, as the US tech giant moves to defend its market share against rising competition from domestic rivals such as Huawei. The four-day promotion, running from Jan 4 to 7, applies to several iPhone models when purchased using…
Read MoreThai government says Bank of Thailand chair appointment won’t take too long
THAILAND’S government expects a selection panel to quickly conclude the process to pick a new chairman for the nation’s central bank after its previous nominee was deemed unsuitable for the job due to his ties with the ruling party. The seven-member panel of former civil servants and regulators will need to decide on the best…
Read MoreThai economic uncertainty has increased, central bank minutes say
UNCERTAINTY around the Thai economy has significantly increased primarily due to the unclear impact of possible US economic policies, minutes of the Bank of Thailand’s (BOT) Dec 18 monetary policy meeting showed on Thursday (Jan 2). At the meeting, the BOT’s monetary policy committee (MPC) unanimously voted to leave the one-day repurchase rate unchanged at…
Read MoreCapitaLand Investment foresees heightened macro, geopolitical uncertainties in 2025
MACROECONOMIC and geopolitical uncertainties are likely to “weigh heavily” on CapitaLand Investment’s (CLI) business in the coming year, according to group chief executive Lee Chee Koon’s New Year message to employees on Thursday (Jan 2). These include the ongoing Russia-Ukraine conflict and the Middle East crisis, which have significantly disrupted global trade, food security and…
Read MoreRHB cuts IReit target to S$0.34; flags potential privatisation on further unit price declines
RHB Research has lowered its target price on IReit Global to S$0.34 from S$0.40 previously, as it expects the real estate investment trust’s (Reit) near-term distribution per unit (DPU) to be negatively impacted by the upcoming redevelopment of its largest asset, Berlin Campus. In a report on Thursday (Jan 2), analyst Vijay Natarajan nonetheless believes…
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