SG Morning Highlights: Singapore non-oil exports eases to 6.4% in April
Good morning mooers! Here are things you need to know about today's Singapore:
Singapore shares opened higher on Tuesday; STI up 0.14%
Singapore non-oil exports eases to 6.4% in April
Stocks to watch: ThaiBev, ComfortDelGro, SBS, IReit Global, Sunpower, Hatten Land
-moomoo News SG
Singapore shares opened higher on Tuesday; STI up 0.14%
Singapore non-oil exports eases to 6.4% in April
Stocks to watch: ThaiBev, ComfortDelGro, SBS, IReit Global, Sunpower, Hatten Land
-moomoo News SG
Market Trend
Singapore shares opened higher on Tuesday. The $FTSE Singapore Straits Time Index(.STI.SG$ increased 0.14 per cent to 3,195.68 as at 9:02 am.
Advancers / Decliners is 89 to 39, with 33.03 million securities worth S$64.08 million changing hands.
Breaking News
Singapore's key exports in April eased slightly from the previous month, although shipments to the Republic's top 10 markets rose as a whole, according to data from Enterprise Singapore (Enterprise SG) on Tuesday (May 17).
Non-oil domestic exports (NODX) rose 6.4 per cent year on year in April, lower than the previous month's 7.7 per cent growth, with both electronics and non-electronics exports seeing growth. This is the 17th straight month of expansion for NODX.
On a month-on-month seasonally adjusted basis however, exports fell 3.3 per cent, following March's 2.3 per cent decline, with lower shipments of both products.
Stocks to Watch
$ThaiBev(Y92.SG$: SGX-listed ThaiBev posted a net profit of $285m (THB 7b) in the second quarter (Q2) of 2022, which is up by 20% from $237m (THB 5.9b) in the same period last year after the health crisis improved.
Under sales revenue, the beverages firm reported an increase of 10.7% from $2.38b (THB 59.4b) in Q2 2021, which is until March 2021, to $2.63b (THB 65.8b) in Q2 2022, which ended March 2022.
$IREIT Global EUR(8U7U.SG$: EUROPE-FOCUSED real estate investment trust IReit Global has secured a lease extension of 6 years from its sole tenant at Bonn Campus in Germany, for 100 per cent of the property starting from May 2023.
In a bourse filing on Tuesday (May 17), the real estate investment trust's (Reit) manager said its revised lease with Deutsche Telekom's real estate leasing unit, GMG Generalmietgesellschaft, will now expire in April 2029.
Rental income for the lease will be about 7.3 million euros (S$10.6 million) per annum.
$Hatten Land(PH0.SG$: Catalist-listed developer Hatten Land, which is diversifying into digital businesses such as cryptocurrency mining, saw its third-quarter net loss narrow on stronger revenue.
Losses came to RM32.5 million (S$10.3 million) for the 3 months to Mar 31, 2022, compared with RM36.8 million in the year-ago period, according to results last Saturday (May 14).
Revenue rose by 26.4 per cent year on year to RM18.6 million, on the back of higher revenue recognised at a point in time from sale of development properties in Malaysia.
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Matfitry1993 : nice you