Posts by Yurie Miyazawa
Singapore shares rise before Chinese new year break; STI up 0.1%
Across the broader market, gainers outnumber losers 249 to 186 after 622.7 million securities worth S$904.1 million change hands SINGAPORE shares ended higher on Tuesday (Jan 28) before markets closed for the Chinese new year break. The Straits Times Index (STI) was up 0.1 per cent or 4.36 points at 3,801.07. Across the broader market, gainers…
Read MoreTrust Fund Baby? Here’s How to Actually Set One Up
Trust funds might sound like something only the super-rich deal with, but they’re actually a smart way for any parent to plan for their kid’s future. Whether you’re looking to set aside money for college, help them buy a house, or just give them a financial cushion, setting up a trust fund can make a…
Read MoreStocks to watch: DBS, Keppel Reit, CapitaLand India Trust, Aims Apac Reit, Cordlife
THE following companies saw new developments that may affect trading of their securities on Tuesday (Jan 28): DBS: The bank announced on Monday that it acquired an additional stake in Shenzhen Rural Commercial Bank, increasing its stake from 16.7 per cent to 19.4 per cent. This investment expands its exposure to China’s greater bay area.…
Read MoreKeppel Reit H2 2024 DPU falls 3.4 per cent to S$0.028 on lower distributable income
The group reported a 13.6 per cent increase in H2 2024 net property income to S$105.1 million from S$92.5 million a year prior THE manager of Keppel real estate investment trust (Reit) reported a 3.4 per cent fall in second-half 2024 distribution per unit to S$0.028, from S$0.029 in the same corresponding period in 2023.…
Read MoreKeppel Reit H2 2024 DPU falls 3.4 per cent to S$0.028; manager confident of strong Singapore office demand
DPU fall comes despite a 13.6% increase in H2 FY2024 net property income to S$105.1 million THE manager of Keppel Real Estate Investment Trust (Reit) reported distribution per unit (DPU) of S$0.028 for the second half ended Dec 31, 2024, falling 3.4 per cent from S$0.029 in the corresponding year-ago period. It will be paid…
Read MoreWith the Fed likely to stay pat on rates, investors will scrutinise every detail for any deviation on policy – The Business Times
This time, unlike at previous high-stakes meetings, no one expects to see any surprises THE US Federal Reserve is so likely to leave interest rates unchanged this week that you can almost hear a collective yawn on Wall Street. This time, unlike at previous high-stakes meetings, no one expects to see any surprises. The Fed…
Read MoreChinese commodities firms bear the brunt of a slowing economy – The Business Times
Overcapacity has compounded the impact of China’s slowing growth on these stalwarts of the old economy CHINESE industrial profits show commodities producers ending 2024 at the bottom of the pile. This year’s looking no better. Crude oil processors, steelmakers and coal miners were the country’s least profitable enterprises during a tough year for industry that…
Read MoreGold inches lower as US dollar rises, Fed meeting in focus – The Business Times
GOLD prices edged lower in early Asian hours on Monday (Jan 27) as the US dollar gained, while investors awaited more guidance on interest rate decision from the US Federal Reserve’s first meeting of 2025 later this week. Spot gold was down 0.1 per cent to US$2,768.01 per ounce, as at 0046 GMT. US gold…
Read MoreJPMorgan, PineBridge stay bullish on Asia’s wobbling junk bonds – The Business Times
PINEBRIDGE Investments and JPMorgan Asset Management are sticking with bullish bets for Asian junk-rated bonds given elevated yields and a supportive economic outlook, looking beyond stresses in the Chinese property sector. Dragged down largely by refinancing concerns for Hong Kong builder New World Development and onshore Chinese developers including China Vanke, a Bloomberg index of…
Read MoreCapitaLand Ascott Trust posts 7% fall in H2 DPS to S$0.0355 – The Business Times
CAPITALAND Ascott Trust (Clas) on Monday (Jan 27) posted a 7 per cent fall in distribution per stapled security (DPS) to S$0.0355 for the second half (H2) ended Dec 31, 2024, from S$0.038 in the year-ago period. Core DPS grew 3 per cent on year to S$0.0308 from S$0.03, after excluding non-periodic items related to…
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