SG Morning Highlights: Singapore Q1 trade forecast is 'better-than-expected'
Good morning mooers! Here are things you need to know about today's Singapore:
●Singapore shares opened higher on Thursday; STI up 0.88%
●Singapore Q1 trade forecast is 'better-than-expected'
●Stocks to watch: Wing Tai, Valuetronics, Boustead Projects, Hwa Hong
●Latest share buy back transactions
-moomoo News SG
Market Trend
Singapore shares opened higher on Thursday. The $富時新加坡海峽指數(.STI.SG)$increased 0.88 per cent to 3,207.49 as at 9:01 am.
Advancers / Decliners is 86 to 28, with 63.56 million securities worth S$51.95 million changing hands.
●Singapore shares opened higher on Thursday; STI up 0.88%
●Singapore Q1 trade forecast is 'better-than-expected'
●Stocks to watch: Wing Tai, Valuetronics, Boustead Projects, Hwa Hong
●Latest share buy back transactions
-moomoo News SG
Market Trend
Singapore shares opened higher on Thursday. The $富時新加坡海峽指數(.STI.SG)$increased 0.88 per cent to 3,207.49 as at 9:01 am.
Advancers / Decliners is 86 to 28, with 63.56 million securities worth S$51.95 million changing hands.
Breaking News
Singapore Q1 trade forecast is 'better-than-expected'
This chart from Enterprise Singapore (ESG) shows Singapore's first quarter trade performance, which shows total merchandise trade falling to 20.8% compared to the previous quarter.
Non-oil trade rose by 16% whilst oil trade expanded by 48.2% amidst higher oil prices than a year ago.
The chart also shows that non-oil domestic exports (NODX) grew by 11.4% and non-oil re-exports (NORX) shot up by 17%. Total services trades increased by 6.8%, reaching $158b in the first quarter (Q1).
Stocks to Watch
$Wing Tai(W05.SG$ : The wholly-owned subsidiary of Wing Tai Holdings, Winville Investment, has won the tender for the collective purchase of Lakeside Apartments at S$273.9 million, representing a 14.1 per cent premium to the S$240 million reserve price.
In a press statement on Thursday (May 26), the group said it plans to redevelop the site into an “iconic” residential development of more than 300 units with unobstructed waterfront views of Jurong Lake and its surrounds.
$Valuetronics(BN2.SG$ : Valuetronics reported an 11.1% y-o-y decline in revenue to HK$2,027 million and a 39.3% y-o-y decline in net profit to HK$113.5 million in FY2022, for the 12 months to Mar 31, 2022.
$Valuetronics(BN2.SG$ : Valuetronics reported an 11.1% y-o-y decline in revenue to HK$2,027 million and a 39.3% y-o-y decline in net profit to HK$113.5 million in FY2022, for the 12 months to Mar 31, 2022.
The poor results were attributed to a global shortage in components. The supply problem for a wide range of electronics components resulted in extreme price surges, prolonged order lead times, frequent delivery delinquent and consequential productivity losses, the company said in a statement.
$Hwa Hong(H19.SG$ : The board of Hwa Hong has set out the views of non-independent non-executive director, Huang Yuan Chiang, following a dispute over the appointment of a financial advisor and statements made to the media about the events of the company’s annual general meeting.
Executive director Ong Eng Loke, non-executive non-independent director David Ong and non-executive non-independent director Ong Eng Keong (known collectively as the Ong directors), made a bourse filing after market close on Wednesday (May 25) about their differences with Huang — differences which led to Huang refusing to sign off on a May 20 statement to the media.
$Boustead Proj(AVM.SG$ : Real-estate solutions provider Boustead Projects reported a 91 per cent fall in earnings to S$11.3 million for FY 2022 ending Mar 31, down from S$131.7 million the year before, as a result of the absence of a one-off gain.
The board of directors, upon the release of the company's earnings results after market close on Wednesday (May 25), are proposing a final dividend of S$0.002 per share and a special dividend of S$0.008 per share, subject to shareholders' approval.
At the end of FY2021, the company had sold its interest in 14 properties to Boustead Industrial Fund (BIF), netting a one-off gain of S$134.8 million. The absence of this one-off gain would have resulted in a loss of S$3.2 million for FY2021.
Latest Share Buy Back Transactions
Latest Share Buy Back Transactions
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