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US Stock Market Review 22 - 29 Apr 2024
$S&P 500 Index (.SPX.US)$ 1.71% DJI 0.8% Nasdaq 4.2%
$S&P 500 Index (.SPX.US)$ and $Nasdaq Composite Index (.IXIC.US)$ achieved their best week since November due to strong earnings by Big tech companies and recent U.S. inflation figures.
Events to watch:
- Continuation of earnings season from tech giants such as Apple, AMD and Amazon
- 2 May - Federal Reserve’s next interest rate decision
- 3 May - Nonfarm payroll an...
$S&P 500 Index (.SPX.US)$ 1.71% DJI 0.8% Nasdaq 4.2%
$S&P 500 Index (.SPX.US)$ and $Nasdaq Composite Index (.IXIC.US)$ achieved their best week since November due to strong earnings by Big tech companies and recent U.S. inflation figures.
Events to watch:
- Continuation of earnings season from tech giants such as Apple, AMD and Amazon
- 2 May - Federal Reserve’s next interest rate decision
- 3 May - Nonfarm payroll an...
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$DBS Group Holdings(D05.SG$
Seatrium announces a S$100 million share buyback program, allowing for the repurchase of up to 2% of its total issued shares through open market purchases. Depending on share prices, the program may extend beyond a year.
Funding for the buyback will come from existing cash reserves. Repurchased shares will be held as treasury shares and utilized for various purposes such as employee share plans, director fees, or...
Seatrium announces a S$100 million share buyback program, allowing for the repurchase of up to 2% of its total issued shares through open market purchases. Depending on share prices, the program may extend beyond a year.
Funding for the buyback will come from existing cash reserves. Repurchased shares will be held as treasury shares and utilized for various purposes such as employee share plans, director fees, or...
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$Singtel(Z74.SG$
Optus, a subsidiary of Singtel, has entered a network-sharing agreement with TPG Telecom. Under the agreement, the two companies will establish a regional multi-operator core network (MOCN), sharing spectrum in regional Australia.
Optus anticipates receiving A$1.6 billion in total service fees over the 11-year initial term, with approximately A$900 million in incremental cash flows. The non-exclusive agreement allows for a pote...
Optus, a subsidiary of Singtel, has entered a network-sharing agreement with TPG Telecom. Under the agreement, the two companies will establish a regional multi-operator core network (MOCN), sharing spectrum in regional Australia.
Optus anticipates receiving A$1.6 billion in total service fees over the 11-year initial term, with approximately A$900 million in incremental cash flows. The non-exclusive agreement allows for a pote...
$Singtel(Z74.SG$
Singtel anticipates recognizing approximately S$3.1 billion in exceptional non-cash impairment provisions for the second half-year. This will lead to a net loss and lower net profit for the period.
Despite the impairment provisions, Singtel assures that dividend payment and underlying net profit for the full year remain unaffected and on track. The company reaffirms its commitment to pay dividends at the upper e...
Singtel anticipates recognizing approximately S$3.1 billion in exceptional non-cash impairment provisions for the second half-year. This will lead to a net loss and lower net profit for the period.
Despite the impairment provisions, Singtel assures that dividend payment and underlying net profit for the full year remain unaffected and on track. The company reaffirms its commitment to pay dividends at the upper e...
$DBS Group Holdings(D05.SG$rose 0.6 per cent or S$0.20 to S$34.62, $OCBC Bank(O39.SG$retreated 0.5 per cent or S$0.07 to S$14.20, and $UOB(U11.SG$climbed 0.2 per cent or S$0.05 to S$30.46.
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Singapore shares fell at the opening bell on Monday (Apr 29) morning, despite gains in global markets as investors continue to look out for macroeconomic data.
$Seatrium(S51.SG$ was the most heavily traded counter by volume. The counter was up 2.3 per cent or S$0.002 at S$0.091, after 153.4 million securities were transacted.
Other counters that were briskly exchanged included $Singtel(Z74.SG$ which shed 2.9 per cent or S$0.07 to reach S$2.34 after ...
$Seatrium(S51.SG$ was the most heavily traded counter by volume. The counter was up 2.3 per cent or S$0.002 at S$0.091, after 153.4 million securities were transacted.
Other counters that were briskly exchanged included $Singtel(Z74.SG$ which shed 2.9 per cent or S$0.07 to reach S$2.34 after ...
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The Monetary Authority of Singapore (MAS) warned in its semi-annual macroeconomic review that Singapore is likely to face a "slower long-run growth path" with increased costs. This trajectory will depend heavily on total factor productivity (TFP) gains.
Capital Accumulation and TFP
Singapore has experienced robust growth primarily through capital accumulation and some TFP gains. Capital stock has shifted towards information and comm...
Capital Accumulation and TFP
Singapore has experienced robust growth primarily through capital accumulation and some TFP gains. Capital stock has shifted towards information and comm...
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$Seatrium(S51.SG$
Seatrium announced on Friday that its subsidiary, Seatrium Offshore & Marine, intends to redeem its S$500 million floating-rate bonds ahead of schedule, along with accrued interest. The bonds, due 2026, will be fully redeemed on May 27 and subsequently cancelled.
This early redemption is part of Seatrium's capital management strategy to optimize its borrowing costs and debt profile. The bonds were initially issued by...
Seatrium announced on Friday that its subsidiary, Seatrium Offshore & Marine, intends to redeem its S$500 million floating-rate bonds ahead of schedule, along with accrued interest. The bonds, due 2026, will be fully redeemed on May 27 and subsequently cancelled.
This early redemption is part of Seatrium's capital management strategy to optimize its borrowing costs and debt profile. The bonds were initially issued by...
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Rents of retail space in Singapore’s central region dipped 0.4 per cent in the first quarter of 2024, extending a decline of 0.1 per cent seen in Q4 2023 as vacancy rates rose for stores outside prime locations.
Falling rents in the fringe areas of the central region dragged on the overall rental index, even though rents in the central area rose 0.2 per cent in Q1. Rents in the fringe areas fell 1.8 per cent, said Wong Xian Yang, ...
Falling rents in the fringe areas of the central region dragged on the overall rental index, even though rents in the central area rose 0.2 per cent in Q1. Rents in the fringe areas fell 1.8 per cent, said Wong Xian Yang, ...
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