SG Morning Highlights: GoTo growth tops 50% in first report since $1.1 billion IPO

Good morning mooers! Here are things you need to know about today's Singapore:

●Singapore shares opened higher on Tuesday; STI up 0.13%

●GoTo growth tops 50% in first report since $1.1 billion IPO

●Stocks to watch: SATS, Yangzijiang Financial, Singtel

●Latest share buy back transactions

-moomoo News SG

Market Trend

Singapore shares opened higher on Tuesday. The $富時新加坡海峽指數(.STI.SG)$ increased 0.13 per cent to 3,243.07 as at 9:04 am.

Advancers / Decliners is 80 to 47, with 94.45 million securities worth S$56.15 million changing hands.

Breaking News

GoTo growth tops 50% in first report since $1.1 billion IPO

GoTo Group posted about 53% gross revenue growth in its first quarterly report as a public company, accelerating from the 2021 pace and highlighting the rapid expansion of Indonesia’s tech and online industries.

Gross revenue on a pro-forma basis advanced to 5.2 trillion rupiah ($357 million) in the quarter though March, the ride-hailing and e-commerce operator said Monday in a statement. For the calendar year 2021, the metric rose at about a 44% clip. GoTo's quarterly adjusted loss before interest, taxes, depreciation and amortization widened to 5.4 trillion rupiah.

Stocks to Watch

$SATS(S58.SG)$ : Food solutions and gateway services provider SATS on Monday (May 30) reported earnings of S$7.2 million for the second half of FY21-22 ended March, compared to a net loss of S$2 million in the corresponding period a year ago.

$YZJ Fin Hldg(YF8.SG)$ : Yangzijiang Financial (YZJFH), the Yangzijiang Shipbuilding spin-off, announced May 30 that it is upping its dividend payout policy. The board said it intends to increase the amount of dividends paid to shareholders – either as an annual dividend or interim dividend – to at least 40 percent of the group's net profit after tax, excluding non-recurring, one-off and exceptional items.

$Singtel(Z74.SG)$ : Semiconductor manufacturer Micron Technology has appointed Singtel to deploy its 5G millimetre wave (mmWave) solutions with localised edge core at its 3D NAND flash memory fabrication plant in Singapore.

Latest Share Buy Back Transactions