SG Morning Highlights: Prices of landed homes to remain 'firm' for the rest of 2022
Good morning mooers! Here are things you need to know about today's Singapore:
●Singapore shares opened higher on Tuesday; STI up 0.12%
●Prices of landed homes to remain 'firm' for the rest of 2022
●Stocks & REITs to watch: Nio, Hafary Holdings, Hwa Hong, Sevens Atelier
●Latest share buy back transactions
-moomoo News SG
Market Trend
Singapore shares opened higher on Tuesday. The FTSE Singapore Sea Index (.STI.SG) $ rose 0.12 per cent to 3,135.06 as at 9.01 am.
Advancers / Decliners is 55 to 87, with 45.36 million securities worth S$65.35 million changing hands.
●Singapore shares opened higher on Tuesday; STI up 0.12%
●Prices of landed homes to remain 'firm' for the rest of 2022
●Stocks & REITs to watch: Nio, Hafary Holdings, Hwa Hong, Sevens Atelier
●Latest share buy back transactions
-moomoo News SG
Market Trend
Singapore shares opened higher on Tuesday. The FTSE Singapore Sea Index (.STI.SG) $ rose 0.12 per cent to 3,135.06 as at 9.01 am.
Advancers / Decliners is 55 to 87, with 45.36 million securities worth S$65.35 million changing hands.
Breaking News
Prices of landed homes to remain 'firm' for the rest of 2022
Asking prices of landed homes will likely remain “firm” for the rest of the year, according to property expert, PropNex. In Q2 2022, prices of landed homes rose by 2.9%.
Prices of landed homes to remain 'firm' for the rest of 2022
Asking prices of landed homes will likely remain “firm” for the rest of the year, according to property expert, PropNex. In Q2 2022, prices of landed homes rose by 2.9%.
PropNex said the prices would stay on their current trajectory amidst steady demand and limited stock. Good Class Bungalows (GCBs), in particular, are in "extremely limited" supply.
"The buying interest in GCBs remains keen, likely outstripping the supply of properties listed for sale on the market,"PropNex said.
Stocks & REITs to Watch
$NIO Inc. USD OV(NIO.SG$ : The board of Chinese electric vehicle maker Nio has formed a committee comprising independent directors Denny Ting Bun Lee, Hai Wu and Yu Long to oversee an independent investigation regarding the allegations made in a report by short-seller Grizzly Research.
Stocks & REITs to Watch
$NIO Inc. USD OV(NIO.SG$ : The board of Chinese electric vehicle maker Nio has formed a committee comprising independent directors Denny Ting Bun Lee, Hai Wu and Yu Long to oversee an independent investigation regarding the allegations made in a report by short-seller Grizzly Research.
The short-seller claimed on Jun 28 that Nio has been "playing Valeant-esque accounting games" to inflate its revenue and boost net income margins. It also said that Nio was likely using an unconsolidated related party to exaggerate the group's revenue and profitability, among other allegations.
$Hafary(5VS.SG$ : Mainboard-listed Hafary Holdings announced in a board filing on Tuesday (Jul 12) that it has exercised the option to purchase a property at 161 Lavender Street at the price of S$71.28 million, through its wholly-owned subsidiary Hafary Flagship Store.
$Hafary(5VS.SG$ : Mainboard-listed Hafary Holdings announced in a board filing on Tuesday (Jul 12) that it has exercised the option to purchase a property at 161 Lavender Street at the price of S$71.28 million, through its wholly-owned subsidiary Hafary Flagship Store.
The property, which consists of a row of 11 shophouses currently tenanted to popular cafes such as Apartment Coffee and Glacier, will be established as the group's new flagship store.
Hafary said the consideration was arrived at based on arm's length negotiations between the parties after taking into account prevailing market conditions and the transaction prices for other comparable transactions in Singapore.
$Hwa Hong(H19.SG$ : Solicitation of offers by Evercore for Hwa Hong must be announced by July 25, SIC says.
$Hwa Hong(H19.SG$ : Solicitation of offers by Evercore for Hwa Hong must be announced by July 25, SIC says.
Based on a Singapore Exchange filing, Hwa Hong Corp's current directors have been informed by the Securities Industry Council that the solicitation by Evercore Asia of alternative offers to the 40 cents offer by Sanjuro United, "in particular the solicitation of competing offers, cannot remain unclarified, and that shareholders should be given sufficient information, advice and time to enable them to reach an informed decision on the offer."
SIC has said it requires that each potential competing offeror must be announced by 5.00 p.m. on July 25, being the business day immediately following the 53rd day from the date of the offeror's despatch of its offer document.
$Sevens Atelier(5EW.SG$ : Singapore Exchange Regulation (SGX RegCo) cautioned investors and potential investors against dealing with shares of Sevens Atelier Limited (SAL) after noticing "unusual price movements" in its shares.
In a statement, SGX RegCo said it observed that SAL's share price went up from $0.88 on 28 April 2022 to a high of $0.31 on 8 July 2022.
Latest Share Buy Back Transactions
Latest Share Buy Back Transactions
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101869381 : Just my thought - does it matter to add another 50 years to your 30 years old estate? I see this as beneficial to property companies/agents. Next generation is/will be paying for current generation's gain...sad