SG Morning Highlights: Exports growth to slow in the second half of 2022

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

●Singapore shares opened higher on Wednesday; STI up 0.74%

●Exports growth to slow in the second half of 2022

●Stocks & REITs to watch: SIA Engineering, Mermaid Maritime

●Latest share buy back transactions

-moomoo News SG

Market Trend

Singapore shares opened higher on Wednesday. The $富時新加坡海峽指數(.STI.SG)$ rose 0.74 per cent to 3,140.83 as at 9.01 am.

Advancers / Decliners is 93 to 20, with 36.62 million securities worth S$53.50 million changing hands.

Breaking News

Exports growth to slow in the second half of 2022

Following a double-digit increase in H122 of 10.2%, analysts expect the non-oil domestic exports (NODX) to ease to low-single-digit growth in H222.

Despite an expected slowdown in 2H, UOB said the full-year projection of a 3%-5% full-year NODX growth still "looks achievable."

UOB expects the full-year NODX growth to be 5%, whilst Maybank's forecast was 5%-6%.

Stocks & REITs to Watch

$SIA(C6L.SG)$ : Boeing Asia Pacific Aviation Services (Bapas), a joint venture between Boeing Singapore and Singapore-listed SIA Engineering, intends to cease operations in August, SIA Engineering said in a bourse filing on Tuesday (Jul 19).

$Mermaid Maritime(DU4.SG)$ : Mermaid Maritime's subsidiaries in Thailand, the Middle East and the UK have been awarded multiple project valued at US$265 million in total, the company said in a bourse filing on Tuesday (Jul 19).

Latest Share Buy Back Transactions