SG Morning Highlights: Singapore Q2 private home prices up 0.9%

Singapore stocks opened higher on Thursday after a mixed close on Wall Street. $FTSE Singapore Straits Time Index(.STI.SG)$ was up 0.5 per cent or 14.36 points to 3,144.82 as at 9.02am.

Singapore Q2 private home prices up 0.9% from previous quarter: URA flash estimate
The overall price index for Singapore private home prices rose by 0.9 per cent in Q2 2021 from the previous quarter, according to the latest flash estimates from the Urban Redevelopment Authority (URA) on Thursday.

$CapitaLand(C31.SG)$ : The property giant has sold two of its malls in the Greater Tokyo area for over 42 billion yen (S$520 million) in total, it announced on Thursday morning. At the same time, CapitaLand said it will invest about 7.5 billion yen to fully acquire a freehold site in Ibaraki City, Osaka where it intends to develop its second logistics asset in Japan. The group's shares ended Wednesday up S$0.03 or 0.8 per cent at S$3.71.

$Keppel Reit(K71U.SG)$ : The real estate investment trust's (Reit) manager on Thursday said it had divested 50 per cent of its stake in its 275 George Street property in Brisbane, Australia for A$275 million (S$277.4 million). The proceeds will be used to repay debt and transaction costs in the interim to enhance capital efficiency and manage borrowing costs. Units of Keppel Reit closed flat at S$1.18 on Wednesday.

$Singtel(Z74.SG)$ : Singapore's largest telco has applied for a digital bank licence in Malaysia through its joint venture with Grab, together with a consortium of other investors, it said on Thursday. Citing guidance provided by Bank Negara Malaysia, Singtel said the country's central bank will issue up to five digital bank licences by Q1 of 2022. Shares of the telco closed S$0.01 or 0.4 per cent higher at S$2.29 on Wednesday.

$IFAST(AIY.SG)$ : The wealth management platform on Wednesday said it is . The consortium is looking to secure one of up to five digital bank licences that Bank Negara Malaysia may issue to qualified applicants by the first quarter of 2022. iFast shares closed at S$8.15 on Wednesday, up S$0.21 or 2.7 per cent.

$CreditBureauAsia(TCU.SG)$ : The credit and risk-information solutions provider on Wednesday said its subsidiary, Credit Bureau (Singapore) (CBS), has been designated as the new operator of the Moneylenders Credit Bureau. The designation was awarded to CBS by the Ministry of Law and will commence on July 1. Existing services for licensed moneylenders and borrowers will not be affected. Shares of Credit Bureau Asia closed at S$1.29 on Wednesday, down S$0.01 or 0.8 per cent.

$YZJ Shipbldg SGD(BS6.SG)$ : The shipbuilder on Wednesday said it recently won another US$871 million worth of new orders for 11 vessels, taking its total order wins for the year to date to 100 vessels. Shares of Yangzijiang Shipbuilding closed flat at S$1.41 on Wednesday.

$ParkwayLife Reit(C2PU.SG)$ : The Reit's manager on Wednesday said it has entered into an agreement to acquire two nursing homes in Japan for 4.1 billion yen (S$49.4 million) via its subsidiary Parkway Life Japan4. Units of Parkway Life Reit closed at S$4.59 on Wednesday, up S$0.01 or 0.2 per cent.

$Trek 2000 Intl - watch list(5AB.SG)$ : The Singapore Exchange Regulation (SGX RegCo) has reprimanded the former chief executive officer and former executive director of Trek 2000 International for breaches of listing rules, said SGX RegCo on Wednesday. Trek 2000 shares closed flat at 13.2 Singapore cents on Wednesday.