SG Morning Highlights: Sembmarine, Keppel Corp call for trading halts
Good morning mooers! Here are things you need to know about today's Singapore:
Singapore shares opened lower on Wednesday; STI drops 0.12%.
Yangzijiang Financial listing creates battle among smallest constituents to remain in the index.
Stocks to watch: ESR-Reit, FCT, MIT, Sheng Siong, Keppel Infrastructure Trust.
-moomoo News SG
Singapore shares opened lower on Wednesday; STI drops 0.12%.
Yangzijiang Financial listing creates battle among smallest constituents to remain in the index.
Stocks to watch: ESR-Reit, FCT, MIT, Sheng Siong, Keppel Infrastructure Trust.
-moomoo News SG
Market Trend
Singapore shares opened lower on Wednesday. The $FTSE Singapore Straits Time Index(.STI.SG$ dropped 0.12 per cent to 3,318.17 as at 9.06am.
Advancers / Decliners is 56 to 111, with 114.20 million securities worth S$127.21 million changing hands.
Breaking News
Yangzijiang Financial listing creates battle among smallest constituents to remain in the index
The 30-counter Straits Times Index (STI) is set for a shake-up later this week, with the smallest companies on the market barometer fighting to stay on the index.
This has been triggered by index constituent (YZJ Shipbuilding), which is spinning off its investment arm into a separately listed entity.
The shipbuilding segment remains in YZJ Shipbuilding while Yangzijiang Financial Holding (YZJFH) will list on Thursday (Apr 28).
As a component of YZJ Shipbuilding, YZJFH will be included in the STI on day 1.
Stocks to Watch
$Keppel(BN4.SG$, $Sembcorp Marine(S51.SG$: Both entities have entered into a definitive agreement to merge their offshore and marine units in a deal which will help Keppel realise S$9.4 billion in value. Trading in both counters were halted on Wednesday morning. Keppel Corp shares closed 0.5 per cent or S$0.03 lower at S$6.66 on Tuesday.
$ESR-LOGOS REIT(J91U.SG$: The manager of ESR-REIT has reported distribution per unit (DPU) of 0.723 cents for the 1QFY2022 ended March, 9.6% lower than the DPU of 0.8 cents in the corresponding period the year before.
The lower DPU was attributable to the enlarged unit base. In the 1QFY2022, the REIT had a total of 4.05 billion units compared to the 3.59 billion units in the 1QFY2021 due to the equity fund raising comprising a private placement of 268.8 million new ESR-REIT units and a preferential offering of 124.1 million new units in ESR-REIT, which were completed in May and August 2021 respectively.
$FRASERS CENTREPOINT TRUST(J69U.SG$: EVOLVING shopping trends amid the pandemic has lifted sales by tenants at Frasers Centrepoint Trust's (FCT) portfolio of suburban retail malls to above pre-Covid levels in its first quarter ended December.
Portfolio tenants' sales rose 2 percentage points to draw level with pre-Covid levels in October 2021, before edging 1 per cent higher in November.
$Sheng Siong(OV8.SG$: SUPERMARKET operator Sheng Siong on Tuesday (Apr 26) posted a 13.9 per cent rise in net profit to S$35.1 million for its first quarter ended Mar 31, 2022, from S$30.8 million a year ago. Revenue for the quarter rose 6 per cent to S$358 million, from S$337.5 million a year ago, according to the mainboard-listed group in a business update.
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