SG Morning Highlights: SingPost issues $100 mil Series 002 five-year notes with 3.23% p.a. coupon
Good morning moomooers! Here are things you need to know about today's Singapore:
●Singapore shares opened higher on Wednesday; STI up 0.31%
●SingPost issues $100 mil Series 002 five-year notes with 3.23% p.a. coupon
●Stocks to watch: CDL, Japfa, United Hampshire US Reit, Sembcorp Marine
-Moomoo News SG
Market Trend
Singapore shares opened higher on Wednesday. The $FTSE Singapore Straits Time Index(.STI.SG$ increased 0.31 per cent to 3,444.48 as at 9.05am.
Advancers / Decliners is 111 to 40, with 100.63 million securities worth S$110.25 million changing hands.
Market Trend
Singapore shares opened higher on Wednesday. The $FTSE Singapore Straits Time Index(.STI.SG$ increased 0.31 per cent to 3,444.48 as at 9.05am.
Advancers / Decliners is 111 to 40, with 100.63 million securities worth S$110.25 million changing hands.
Breaking News
SingPost issues $100 mil Series 002 five-year notes with 3.23% p.a. coupon
Singapore Post (SingPost) says subsidiary SingPost Group Treasury has, on March 29, issued $100 million worth of five-year notes.
SingPost issues $100 mil Series 002 five-year notes with 3.23% p.a. coupon
Singapore Post (SingPost) says subsidiary SingPost Group Treasury has, on March 29, issued $100 million worth of five-year notes.
The notes will carry a coupon of 3.23% per annum and will be drawn down under the $1 billion multicurrency debt issuance programme.
The senior unsecured fixed rate Series 002 notes are guaranteed by SingPost. They come in denominations of $250,000 each, and will mature on March 29, 2027.
Stocks to Watch
$CityDev(C09.SG$ : The property developer said in a bourse filing on Wednesday that its sale of 85 strata lots, including 2 car parks, that it owns at Tanglin Shopping Centre to Hillthorpe Investments will likely result in significant gains for the company.
$Japfa(UD2.SG$ : Japfa's milk-producing business in China, AustAsia Investment Holdings, has applied for its listing in Hong Kong, which will result in two separately run entities with more flexibility and better focus to grow their respective businesses.
$UtdHampshReitUSD(ODBU.SG$ : UOB Kay Hian Group Research has kept its “buy” rating on United Hampshire US REIT (UHU) at a target price of 97 US cents. For 2HFY2021 ended December, the analyst notes that the distribution per unit (DPU) grew 0.7% y-o-y to 3.05 US cents, in addition to gross revenue and net property income (NPI) growing 7.9% and 8.7% y-o-y respectively.
$Seatrium(S51.SG$ : MARINE and offshore engineering group Sembcorp Marine(Sembmarine) on Tuesday gave notice that it recorded 3 consecutive years of pre-tax losses, based on its audited full-year consolidated accounts. The group's 6-month average daily market capitalisation was S$2.6 billion as at Mar 28, which means the group still meets the financial entry criteria to avoid being placed on the Singapore Exchange's (SGX) watch list.
Stocks to Watch
$CityDev(C09.SG$ : The property developer said in a bourse filing on Wednesday that its sale of 85 strata lots, including 2 car parks, that it owns at Tanglin Shopping Centre to Hillthorpe Investments will likely result in significant gains for the company.
$Japfa(UD2.SG$ : Japfa's milk-producing business in China, AustAsia Investment Holdings, has applied for its listing in Hong Kong, which will result in two separately run entities with more flexibility and better focus to grow their respective businesses.
$UtdHampshReitUSD(ODBU.SG$ : UOB Kay Hian Group Research has kept its “buy” rating on United Hampshire US REIT (UHU) at a target price of 97 US cents. For 2HFY2021 ended December, the analyst notes that the distribution per unit (DPU) grew 0.7% y-o-y to 3.05 US cents, in addition to gross revenue and net property income (NPI) growing 7.9% and 8.7% y-o-y respectively.
$Seatrium(S51.SG$ : MARINE and offshore engineering group Sembcorp Marine(Sembmarine) on Tuesday gave notice that it recorded 3 consecutive years of pre-tax losses, based on its audited full-year consolidated accounts. The group's 6-month average daily market capitalisation was S$2.6 billion as at Mar 28, which means the group still meets the financial entry criteria to avoid being placed on the Singapore Exchange's (SGX) watch list.
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