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

• Singapore stocks climbed up at Friday's open; STI up 0.6%
  

• DBS, SGX, StanChart and Temasek to launch global carbon exchange

• Stocks to watch: MIT, Singapore Airlines, Keppel, The Hour Glass, Koufu, Aspen

-Moomoo News SG

Market Trend

Singapore stocks climbed up at Friday's open. $FTSE Singapore Straits Time Index(.STI.SG)$increased 0.59 per cent or 18.43 points to 3128.24 as at 9.05 am. Advancers / Decliners is 155/ 74, after 238.18 million securities worth S$242.12 million changed hands.

Breaking News

DBS, SGX, StanChart and Temasek to launch global carbon exchange

Singapore is set to raise its green game. Four key entities - DBS, the Singapore Exchange, Standard Chartered (StanChart) and Temasek Holdings - have joined forces to launch a global exchange and marketplace for high-quality carbon credits by end of the year to incentivise emissions cuts.

It is hoped that the Singapore-headquartered exchange called Climate Impact X (CIX) will provide better price transparency and verification of the quality of carbon credits - two current challenges in the global voluntary carbon market as companies and governments work towards a net-zero future.

Stocks to watch

$Mapletree Ind Tr(ME8U.SG)$: Its private placement of 190.3 million new units was around 3.1 times covered, announced the manager on Friday. The issue price was fixed at the top end of the price range at S$2.696 per new unit, while MIT's issue price for its preferential offering has been fixed at S$2.65 per new unit. Most of the estimated S$823.3 million in proceeds from the latest fundraising exercise will go into MIT's US$1.32 billion acquisition of 29 data centres in the US. Units of the trust last closed flat at S$2.76 on Wednesday before the trading halt, which lifts today.

$SIA(C6L.SG)$: It has slashed its monthly cash burn rate to the range of S$100-150 million, from S$350 million a year ago when the pandemic first struck and decimated air travel, the airline group disclosed at a results briefing on Thursday. However, its fuel hedges might still move the needle in how much the airline would burn, it added. This comes a day after the national carrier reported a record net loss of S$4.27 billion for FY2021 ended March, the "toughest year in its history". The counter rose 1.3 per cent or S$0.06 to S$4.76 on Thursday.

$Keppel Corp(BN4.SG)$: Its wholly-owned subsidiary Keppel Land has priced S$280 million of 2 per cent notes due 2026, issued at a price of 100 per cent of the principal amount and in denominations of S$250,000, with interest of 2 per cent per annum, payable semi-annually in arrear. Net proceeds arising from the issue of the notes will be used for the refinancing of existing debt, financing of potential acquisition opportunities or for general corporate and working capital purposes. Shares of Keppel Corporation closed at S$5.20 on Thursday, up S$0.01 or 0.2 per cent.

$TheHourGlass(AGS.SG)$: The luxury watch retailer posted a net profit of S$82.5 million for the full fiscal year ended March, some 8 per cent higher than S$76.1 million in the previous year. Revenue for the year slipped 1 per cent to S$742.9 million from S$749.5 million previously, the company announced after market close on Thursday. Earnings per share rose to 11.71 Singapore cents, from 10.79 cents the year before. Shares of The Hour Glass closed at 96 Singapore cents on Thursday, up 0.5 cent or 0.5 per cent.

$Koufu(VL6.SG)$: The food court operator is expecting both revenue and operating profits for FY2021 to be hit by the latest one-month ban on dining-in, it said in a business update. The group's total revenue, excluding new outlets, fell by 10 per cent for the Jan 1 to April 30 period, from the corresponding period in 2019, pre-Covid. The counter closed at 64 Singapore cents on Thursday, up 0.5 cent or 0.8 per cent.

$Sin Ghee Huat(B7K.SG)$: An offer from investment holding company HHH Co to take Sin Ghee Huat Corporation private has turned unconditional, with the total shares owned, controlled or agreed to be acquired by the offeror and its concert parties constituting some 72.04 per cent of total shares as at 9 pm on May 20, the company announced in a bourse filing late Thursday evening. It has also extended the date for the close of the offer from 5.30 pm on June 14 to the same time on June 28. HHH Co had previously voiced its intention to delist Sin Ghee Huat from the SGX. Shares of Sin Ghee Huat ended Thursday flat at 26.5 Singapore cents.

$Aspen(1F3.SG)$: Its subsidiary Aspen Glove announced that its chief operating officer Calvin Ng has tendered his resignation during his probation period to "pursue other interests". His responsibilities will be handed over to Aspen Glove's managing director in the interim, with the appointment of his replacement to be announced in due course. Shares of Aspen closed at 21 Singapore cents on Thursday, down 0.5 cent or 2.3 per cent.