SG Morning Highlights: Singapore H1 2022 IPO volume highest since 2017
Good morning mooers! Here are things you need to know about today's Singapore:
●Singapore shares opened lower on Thursday; STI down 0.20%
●Singapore H1 2022 IPO volume highest since 2017
●Stocks & REITs to watch: Yanlord, Straits Trading, TTJ, Second Chance, iWOW
●Latest share buy back transactions
-moomoo News SG
Market Trend
Singapore shares opened lower on Thursday. The $富時新加坡海峽指數(.STI.SG)$ decreased 0.20 per cent to 3128.59 as at 9.01 am.
Advancers / Decliners is 62 to 41, with 22.43 million securities worth S$33.22 million changing hands.
●Singapore shares opened lower on Thursday; STI down 0.20%
●Singapore H1 2022 IPO volume highest since 2017
●Stocks & REITs to watch: Yanlord, Straits Trading, TTJ, Second Chance, iWOW
●Latest share buy back transactions
-moomoo News SG
Market Trend
Singapore shares opened lower on Thursday. The $富時新加坡海峽指數(.STI.SG)$ decreased 0.20 per cent to 3128.59 as at 9.01 am.
Advancers / Decliners is 62 to 41, with 22.43 million securities worth S$33.22 million changing hands.
Breaking News
Singapore H1 2022 IPO volume highest since 2017
This chart from the Equity Capital Markets Watch report of PwC shows the volume of initial public offerings in the first half of the year from 2017 to 2022.
Singapore H1 2022 IPO volume highest since 2017
This chart from the Equity Capital Markets Watch report of PwC shows the volume of initial public offerings in the first half of the year from 2017 to 2022.
The chart shows that IPO volume on the Singapore Exchange (SGX) in H1 2022 was the highest since 2017. However, the funds raised by the listings in H1 2022 (graphed in black) were lower than those raised in 2019 and 2020.
Stocks & REITs to Watch
$Yanlord Land(Z25.SG$ : Yanlord Land Group has pulled in RMB 6.1 billion (S$1.28 billion) in pre-sales from selling all units in the third batch of apartments launched for its Shanghai project, Yanlord Arcadia.
Stocks & REITs to Watch
$Yanlord Land(Z25.SG$ : Yanlord Land Group has pulled in RMB 6.1 billion (S$1.28 billion) in pre-sales from selling all units in the third batch of apartments launched for its Shanghai project, Yanlord Arcadia.
In a statement on Wednesday (Jun 29), the Singapore Exchange-listed real estate developer said that all 372 units with a gross floor area (GFA) of 52,914 square metres were taken up at an average price of about RMB 115,000 per sq m. All in, 1,769 customers had registered to purchase the units.
$Straits Trading(S20.SG$ : Straits Real Estate, a unit of mainboard-listed Straits Trading, is acquiring a portfolio of office and industrial buildings and several plots of development land in Gloucester Business Park for £130 million (S$219.5 million).
Spanning over 276 acres, the business park (roughly 180 km west of London) has a mix of office, industrial and logistics properties supported by retail and commercial offerings. The portfolio that Straits Real Estate is acquiring comprises 522,000 square feet of net lettable area across 9 properties – 7 are offices and 2 are industrial assets – as well as 6 plots of development land with 830,000 square feet in all.
$TTJ(K1Q.SG$ : THC Venture, which has made a bid to privatise structural steel specialist TTJ Holdings, does not intend to raise its offer price of S$0.23 per share, it said in a Wednesday (Jun 29) bourse filing.
The offeror is solely owned by TTJ's executive chairman Teo Hock Chwee. Its update comes after 4 directors of TTJ recommended that shareholders reject the offer – namely, executive director and chief financial officer Chiong Su Been, lead independent director Lim Yian Poh, and independent directors Ling Chien Yien and Leong Yee Yew, according to TTJ's website.
$Second Chance(528.SG$ : BETTER Chance Properties (BCP), a subsidiary of mainboard-listed Second Chance Properties, has granted a potential buyer an option to purchase its Lucky Plaza units for S$13.39 million.
The potential buyer of the units, #01-56/57/58/59, is Lew Chee Beng and/or his nominee, Second Chance disclosed in a Wednesday (Jun 29) bourse filing. The option will expire on Aug 1. An option fee of 1 per cent of the sale price has been paid to BCP.
$iWOW Tech(NXR.SG$ : Tracetogether token maker iWOW Technology saw its net profit inch up 4 per cent to S$3.9 million for FY2022 ended March, on the back of growth across all its business segments.
iWOW declared a final dividend of 0.36 Singapore cent a share. Excluding one-off expenses from its initial public offering in April, its net profit grew 36 per cent to S$5 million for the year.
Latest Share Buy Back Transactions
Latest Share Buy Back Transactions
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