SG Morning Highlights: Industrial S-Reits report positive rental reversions

Market Trend

Singapore shares opened higher on Monday. The $富時新加坡海峽指數(.STI.SG)$increased 0.17 per cent to 3,245.95 as at 9:00 am.

Advancers / Decliners is 84 to 35, with 76.29 million securities worth S$40.54 million changing hands.

Breaking News

Industrial S-Reits report positive rental reversions

Prices and rentals of Singapore industrial spaces continued to rise in the first quarter of 2022, despite a dip in the overall occupancy rate, according to the quarterly market report published by JTC.

Despite the drop in occupancy, price and rental indices of all industrial space rose by 2.1 per cent and 1.0 per cent respectively compared to the previous quarter.

Stocks to Watch

$Datapulse Tech - watch list(BKW.SG)$ : Datapulse Technology on Monday (May 23) gave notice that it recorded 3 consecutive years of pre-tax losses, based on its audited full-year consolidated accounts.

A company will be included in the watch list if it records pre-tax losses for the 3 most recently-completed consecutive financial years, and has an average daily market capitalisation of below S$40 million over the last 6 months.

$Halcyon Agri(5VJ.SG)$ : Revenue for Halcyon Agri climbed 18.9 per cent to US$617.3 million in Q1 on the back of higher sales volume and higher average selling prices, the mainboard-listed company said in a business update on Friday (May 20).

Gross profit margins went up by 20.8 per cent to US$47 million in Q1, from US$38.9 million previously.

$TTJ(K1Q.SG)$ : THE executive chairman of mainboard-listed TTJ Holdings is looking to take the structural steel specialist private at an offer price of S$0.23 in cash per share.