SG Morning Highlights | Singapore's Growth Set to Improve in Second Half of 2024: MAS

Singapore shares opened higher on Tuesday. The $FTSE Singapore Straits Time Index(.STI.SG)$ rose 0.67 per cent to 3,084.82 as at 9.13 am.

$UOB(U11.SG)$: UOB's financed emissions for five high-carbon emitting sectors in 2022 has gone down, the lender’s first annual update since announcing its decarbonisation targets showed. The level of financed emissions – which refer to greenhouse gas (GHG) emissions associated with the bank’s lending activities – was between 7 per cent and 14 per cent below its 2022 targets, which is referenced from regional net-zero pathways specific to each of the five sectors. The bank has also provided S$38 billion in sustainable financing as at the end of September this year.

$OUEREIT(TS0U.SG)$: OUE Commercial Real Estate Investment Trust on Monday (Oct 30) reported a 29.8 per cent increase in its net property income (NPI) to S$62.7 million for the third quarter ended Sep 30, from S$48.3 million in the year-ago period. Revenue rose 27.5 per cent year on year to S$75.8 million, from S$59.5 million. The growth was driven by overall improvements in the Reit’s portfolio, especially in the hospitality sector as Singapore’s tourism industry recovers post-pandemic, the manager said in a business update.

$Civmec(P9D.SG)$: Civmec posted on Monday (Oct 30) a 7.3 per cent increase in its net profit to A$15.2 million (S$13.2 million) for its first quarter ended Sep 30, from A$14.2 million a year ago. Revenue rose 7.3 per cent to A$245.1 million in Q1, from A$228.3 million in the year-ago period. Earnings per share stood at 3.01 Australian cents, up 6.7 per cent year on year from 2.82 cents.

$SamuderaShipping(S56.SG)$: Samudera Shipping on Monday (Oct 30) issued a profit guidance for the third quarter ended Sep 30, 2023, saying that revenue and earnings “recorded a contraction”, compared to the year-ago period.“This was primarily due to a decline in the general market demand, which resulted in lower container volume handled and freight rates year on year,” said the mainboard-listed company in a bourse filing.

$Second Chance(528.SG)$: Second Chance Properties posted a net loss of S$3.7 million for the second half of its financial year ended Aug 31, 2023, compared to a profit of S$2.2 million in the year-ago period. Revenue inched up marginally by 0.3 per cent year on year to S$27.1 million. Earnings per share stood at 1.13 cents in H2, from 1.04 cents in the prior year.

$Capital World(1D5.SG)$: Property company Capital World will resume trading on the Singapore Exchange (SGX) on Tuesday (Oct 31). Shares of the Catalist board-listed company were suspended on Feb 14, 2020. The counter had closed at 0.5 Singapore cent then. In a bourse filing on Monday, it described the trading resumption as a new chapter for the company.