SG Morning Highlights: NODX rose beyond expectations in May, but will its growth continue?
Good morning mooers! Here are things you need to know about today's Singapore:
●Singapore shares opened lower on Monday; STI down 0.19%
●NODX rose beyond expectations in May, but will its growth continue?
●Stocks & REITs to watch: Apac Realty, mm2 Asia, AusGroup
●Latest share buy back transactions
-moomoo News SG
Market Trend
Singapore shares opened lower on Monday. The $富時新加坡海峽指數(.STI.SG)$ decreased 0.19 per cent to 3092.29 as at 9:00 am.
Advancers / Decliners is 52 to 57, with 23.70 million securities worth S$38.66 million changing hands.
●Singapore shares opened lower on Monday; STI down 0.19%
●NODX rose beyond expectations in May, but will its growth continue?
●Stocks & REITs to watch: Apac Realty, mm2 Asia, AusGroup
●Latest share buy back transactions
-moomoo News SG
Market Trend
Singapore shares opened lower on Monday. The $富時新加坡海峽指數(.STI.SG)$ decreased 0.19 per cent to 3092.29 as at 9:00 am.
Advancers / Decliners is 52 to 57, with 23.70 million securities worth S$38.66 million changing hands.
Breaking News
NODX rose beyond expectations in May, but will its growth continue?
Non-oil domestic exports grew beyond expectations in May, rising by 12.4%, but with current global headwinds, the question of where exports will continue to grow at the same pace has been raised.
NODX rose beyond expectations in May, but will its growth continue?
Non-oil domestic exports grew beyond expectations in May, rising by 12.4%, but with current global headwinds, the question of where exports will continue to grow at the same pace has been raised.
ING Senior Economist Nicolas Mapa said global trade trends will likely begin to manifest in future NODX releases.
"Accelerating inflation will likely sap some momentum from retail sales but at least for now, both exports and industrial production have held up pretty well," Mapa said.
Stocks & REITs to Watch
$APAC Realty(CLN.SG$ : Mainboard-Listed real estate services provider APAC Realty reported a 20 per cent growth in net profit to S$9 million for Q1FY2022 ending Mar 31 from S$7 million a year prior, in a business update released after market close on Friday (Jun 17).
Stocks & REITs to Watch
$APAC Realty(CLN.SG$ : Mainboard-Listed real estate services provider APAC Realty reported a 20 per cent growth in net profit to S$9 million for Q1FY2022 ending Mar 31 from S$7 million a year prior, in a business update released after market close on Friday (Jun 17).
The growth was in tandem with a 11.8 per cent jump in revenue for Q1 FY2022, which was driven by brokerage fees for new homes transactions, which grew 42.2 per cent year on year (y-o-y) to S$77.2 million. This was offset by a slight decline in resale and rental transactions of 4.6 per cent to S$96.4 million.
$MM2 Asia(1B0.SG$ : mm2 Asia has raised $54 million to refinance existing debt, as the company gears up for the recovery from the pandemic.
The company is issuing an exchangeable bond for a two-year term, carrying an interest of 5% a year.
The bonds will be exchangeable for shares in mm Connect, the entity holding the cinema businesses of mm2 Asia in Singapore and Malaysia.
$AusGroup(5GJ.SG$ : Integrated services provider AusGroup is proposing a sale and leaseback of its property at 15 Beach Street, Kwinana Beach, Western Australia for A$16.2 million (S$15.7 million).
The proposed sale has a lease agreement tied to the completion, where the company will have a 10-year lease on the property commencing from the completion date. The property will have an annual commencing rent of A$1 million, and is subject to increases on each anniversary of the commencement date.
Latest Share Buy Back Transactions
Latest Share Buy Back Transactions
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