SG Morning Highlights: Shares rise 0.5% as property stocks gain
Good morning mooers! Here are things you need to know about today's Singapore:
Singapore shares rise 0.5% as property stocks gain
Singapore PMI in March lowest since August 2020 amid cooling factory activity in Asia
Stocks to watch: Chip Eng Seng, Lendlease Reit, Cromwell E-Reit, CDW, Wing Tai
-moomoo News SG
Singapore shares rise 0.5% as property stocks gain
Singapore PMI in March lowest since August 2020 amid cooling factory activity in Asia
Stocks to watch: Chip Eng Seng, Lendlease Reit, Cromwell E-Reit, CDW, Wing Tai
-moomoo News SG
Market Trend
Singapore shares opened higher on Monday. The $FTSE Singapore Straits Time Index(.STI.SG$ increased 0.46 per cent to 3,432.75 as at 9.27am.
Advancers / Decliners is 158 to 35, with 278.74 million securities worth S$190.87million changing hands.
Singapore shares opened higher on Monday. The $FTSE Singapore Straits Time Index(.STI.SG$ increased 0.46 per cent to 3,432.75 as at 9.27am.
Advancers / Decliners is 158 to 35, with 278.74 million securities worth S$190.87million changing hands.
Breaking News
SINGAPORE'S factory activity dipped further in March, mirroring a region-wide drop in manufacturing sentiment amid rising prices and supply chain disruptions.
Last month's Purchasing Managers' Index (PMI) fell 0.1 point to 50.1, marking the third month of decline, according to the Singapore Institute of Purchasing and Materials Management (SIPMM) on Monday (Apr 4).
The PMI had stayed in expansionary territory for 21 months - since July 2020 - but the latest reading, is the lowest since August 2020.
Stocks to Watch
$Chip Eng Seng(C29.SG$ is planning to acquire a minority stake in a property located at 8 Shenton Way for S$2.1 million.
$Lendlease Reit(JYEU.SG$ this year saw strong demand from investors, being subscribed 5.3 times, with orders exceeding S$780 million.
$Cromwell Reit EUR(CWBU.SG$ issued some 1.3 million new units at an issue price of 2.2409 euros per unit last Thursday (Mar 31), bringing up the number of issued units to 562.4 million.
$CDW(BXE.SG$'s wholly owned unit Tomoike Industrial will buy back shares representing 23.1 percent of South Korean life sciences firm A Biotech Co (ABio) from the son of its controlling shareholder for 1.84 billion won (S$2.1 million).
$Wing Tai(W05.SG$' Malaysian subsidiary has sold its property at 166A Rifle Range Road in Penang for RM17.5 million (S$5.6 million).The aggregate consideration for the disposal of the property, which comprises a leasehold land and a 5-storey factory building, is higher than RM13.7 million net book value as at Monday.
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CMLIN : $2.1 million… laughing stock !
JJ Hou CMLIN: Minority stake?! Hope CES didnt do any random action again!!!!!!
https://www.theedgesingapore.com/news/property/chip-eng-seng-acquire-minority-interest-axa-tower-213-mil
CMLIN : It was a good company , after they bought up the company straight away plunge to $0.42-0.45 .. was so disappointed.. sigh ..