SG Morning Highlights: Singapore property players turn cautious as economic outlook darkens
Good morning mooers! Here are things you need to know about today's Singapore:
●Singapore shares opened higher on Thursday; STI down 0.42%
●Singapore property players turn cautious as economic outlook darkens
●Stocks & REITs to watch: Sabana Reit, Medtecs, QAF, Sinjia Land
●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 0.42 per cent to 3,156.91 as at 9.05 am.
Advancers / Decliners is 57 to 71, with 65.70 million securities worth S$84.77 million changing hands.
●Singapore shares opened higher on Thursday; STI down 0.42%
●Singapore property players turn cautious as economic outlook darkens
●Stocks & REITs to watch: Sabana Reit, Medtecs, QAF, Sinjia Land
●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 0.42 per cent to 3,156.91 as at 9.05 am.
Advancers / Decliners is 57 to 71, with 65.70 million securities worth S$84.77 million changing hands.
Breaking News
Singapore property players turn cautious as economic outlook darkens
Property players are more cautious about market outlook in the next 6 months to a year ahead in anticipation of various global economic uncertainties, according to a survey by the National University of Singapore's Institute of Real Estate and Urban Studies (IREUS).
Singapore property players turn cautious as economic outlook darkens
Property players are more cautious about market outlook in the next 6 months to a year ahead in anticipation of various global economic uncertainties, according to a survey by the National University of Singapore's Institute of Real Estate and Urban Studies (IREUS).
Nearly 97 per cent of its respondents flagged rising inflation or interest rates as the top potential risk factor which may adversely impact market sentiment in the next half year, according to the Real Estate Sentiment Index (RESI) survey. About 8 in 10 respondents also indicated "a decline in the global economy" and "tightening of financing and liquidity in the debt market" as potential risks.
Worries over rising costs of construction softened from 94.9 per cent in Q1 to 80 per cent in Q2, but it still remains in the top 4 risks. Meanwhile, there was growing concern over "the real estate bubble or excessive speculative activities" and "job losses or decline in the domestic economy", each getting about 16.7 per cent and 36.7 per cent votes respectively.
Stocks & REITs to Watch
$Sabana Reit(M1GU.SG$ : Sabana Industrial Real Estate Investment Trust(Sabana Reit) on Wednesday (Jul 20) posted a distribution per unit (DPU) of S$0.0159 for the first half of its fiscal year ended June, up 7.4 percent from S$0.0148 in the corresponding year-ago period.
$Medtecs Intl(546.SG$ : Medtecs International is bracing for a loss for the first half of 2022 ended June, the company announced on Wednesday (Jul 20). Medtecs said the red ink it expects for the period is due primarily to fewer orders from its original equipment manufacturing clients, as well as a reduction in demand and average selling prices of facemasks and personal protective equipment (PPE) globally.
$QAF(Q01.SG$ : QAF is expected to report a "significant improvement" in both profit before tax and profit after tax and exceptional items figures for H1 ended June compared to the corresponding period in 2021, the company said in a bourse filing on Wednesday (Jul 20).
$Sinjia Land(5HH.SG$ : Sinjia Land Limited's group chief executive officer Cheong Weixiong was recently interviewed by the authorities in connection to an offence under the Securities and Futures Act.
Latest Share Buy Back Transactions
Stocks & REITs to Watch
$Sabana Reit(M1GU.SG$ : Sabana Industrial Real Estate Investment Trust(Sabana Reit) on Wednesday (Jul 20) posted a distribution per unit (DPU) of S$0.0159 for the first half of its fiscal year ended June, up 7.4 percent from S$0.0148 in the corresponding year-ago period.
$Medtecs Intl(546.SG$ : Medtecs International is bracing for a loss for the first half of 2022 ended June, the company announced on Wednesday (Jul 20). Medtecs said the red ink it expects for the period is due primarily to fewer orders from its original equipment manufacturing clients, as well as a reduction in demand and average selling prices of facemasks and personal protective equipment (PPE) globally.
$QAF(Q01.SG$ : QAF is expected to report a "significant improvement" in both profit before tax and profit after tax and exceptional items figures for H1 ended June compared to the corresponding period in 2021, the company said in a bourse filing on Wednesday (Jul 20).
$Sinjia Land(5HH.SG$ : Sinjia Land Limited's group chief executive officer Cheong Weixiong was recently interviewed by the authorities in connection to an offence under the Securities and Futures Act.
Latest Share Buy Back Transactions
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Ishah : Good to know...
