The Straits Times Index lost 31 points or 1% at 3,111.63 The US Fed said it would wind up its bond buying by March and possibly raise rates three times next year Bank of England raised its benchmark rate to combat inflation MAS announced new property cooling measures Local brokers still optimistic on property sector Wall Street fell sharply on FOMC news, spread of Omicron and “quadruple witching’’ Could the market have prematurely brushed off Omicron? Central bank actions put STI under pressure, but mainly in low volume The Straits Times Index fell 31 points or 1% to 3,111.63 during a week in which central bank actions provided the main focus. First, the US Federal Reserve on Wednesday announced it would end its bond-buying programme by March and might raise interest rates three t

Keppel was out bid by Cuscaden in SPH offer.I am happy for that. Personally, there is some synergy with the reminding stake of M1 from SPH that comes with the deal beyond property Given that the bidding is at PB 1, I dun see why Keppel cannot bid for other companies that are trending at much lower valuation,.HK land is at 0.4 PB, capitaland before restructing at 0.8, and City Dev also below 1. I do understand SPH properties are mostly investment properties and the capital-intensive part of the business is the part of the business that affect valuation, and the REITing SPH properties would have gotten most of the money back, but that is if the REIT properties can fetch valuation above 1, to worth the battle playing out now. Ascendas and MIT is at around 1.1 and 1.2 PB, I can't see

With a history dating back to 1966, the Straits Times Index (STI) was originally coined as the Straits Industrial Index. After 30-odd years, the Straits Industrial Index was eventually succeeded by Straits Times Index on 31 August 1998. The reason for changing the index was to allow the index to cover more sectors and properly reflect the daily trading activities of stocks on SGX (or then-Stock Exchange of Singapore). Established by SPH, SGX and FTSE Russell, the index is reviewed on a semi-annual basis. Companies can be removed and added to the index based on their market capitalisation changes. Since STI’s official inception, the index has undergone several changes. The most recent major movement would be the replacement of SPH with Mapletree Industrial Trust on June 2020. Here, we com

Wall Street’s all-time highs had little impact here; The STI ended the week 22 points or 0.7% down at 3,080.77; There was some caution ahead of the US Fed’s Jackson Hole meeting; That caution appeared unwarranted after Fed chief’s reassurances; Stocks in play included Nanofilm, Yangzijiang, SGX and ComfortDelgro; Manufacturing looks set to slow in months ahead Has the local market decoupled from Wall St? Conventional wisdom is that Wall Street plays a major role in influencing sentiment and determining daily market direction in most global markets, including Singapore’s – at least most of the time. Over the past 2-3 weeks, that belief has been challenged as the Straits Times Index has turned in an unremarkable performance, struggling to stay above the 3,100 level even as U

As Singapore’s economy continues to recover from the pandemic, the uncertainty from COVID-19 does little to slow down the wealth accumulation of the richest. According to Credit Suisse global wealth report 2021, Singapore’s number of millionaires is expected to increase by 62% from 270,000 to 437,000 in 2025. With newly minted billionaires from the technology and cryptocurrency scene, this year’s Forbes list of top 50 richest Singaporeans saw their wealth grew from $167 billion to $208 billion. Out of the 50 people, the top 10 occupy more than half of the wealth on the list. Here are the 10 juggernauts of wealth in Singapore. Read Also: Top 10 Richest People In Singapore 2019: How Much They’re Worth And How They Built Their Fortunes #10 Khoo Family Net Worth: $6.5B Sector: Banki

The STI fell 12 points or 0.37% to 3,165.49 after earlier hitting 3,207; Banks were the main drivers; Singapore’s full-year GDP growth revised upwards to 6-7%; Wall Street indices set more all-time highs, investors ignored inflation data and focused instead on earnings, US$1 trillion infrastructure Bill; Trading volatility in banks inching upwards: SGX; Venture still a good bet despite component shortages: analysts; CDL’s hotel business shows signs of recovery; CapitaLand reported an almost 10-fold jump in 1H profit A holiday-shortened week saw the Straits Times Index undergo a fairly volatile five days in which banks and Singtel were its main movers. Providing the backdrop as always was Wall Street, where the major indices continued to set all-time highs as investors appeared to sh

The million dollar question is what has SPH REIT got to do with the divestment of the upcoming Media segment from Singapore Press Holdings ("SPH")? The short answer to that is that we are now seeing the conversion of SPH to a true property management company (and to a smaller extent a developer like Capitaland and City Development from its development of Woodleigh Residences). There are 2 interesting developments arising from the ripple effect, that is, the (i) up and coming Student Accommodation business being injected and (ii) the possibility of new shareholders in the future mounting a takeover of SPH and merging its properties portfolio into their own REITs currently listed on SGX. I will elaborate a bit more on the above 2 points later in my post below. 1. Misconception that Reta

In recent years, ESG Investing, also popularly known by many as sustainable investing, has gained increasing traction in the investment world – as both retail and institutional investors become more concerned about the broader social and environmental impacts of the companies they invest in. For those who are not familiar with ESG, its stands for Environmental, Social & Governance. These are the key areas that ESG investors can look for when identifying quality companies to invest in. This is, of course, on top of ensuring that the companies can generate a good investment return. Unlike analysing the financial results of a company, it’s trickier to analyse just how “good” a company is when it comes to its ESG performance. This is why the Singapore Exchange (SGX) partners with

The STI gained 287 points or 10.1% in 1H at 3,130.46; The STI lost 34 points or 1.07% in June; Main forces were economic recovery versus virus resurgence and US inflation; Wall St has so far shrugged off inflation worries as transitory but investors should still be wary; US Fed has signaled it might increase the tapering of its bond purchases; Major news here – Keppel-SembCorp marine in talks to merge, CapitaLand to divest stakes in Raffles City projects and Hyflux to be liquidated. The main forces at play Over the course of June the Straits Times Index gyrated in line with three forces – on the one hand hopes that widespread vaccination programmes worldwide will soon see the reopening of many economies, whilst on the other, worries of a resurgence of Covid-19 cases and whether US

14 Jun 2021  Money and Me: An overview of the REIT performance On Money and Me, Michelle Martin is joined by Kenny Loh, REIT Specialist and Independent Financial Advisor to discuss an overview of the REIT performance to date, some of the best performing and worst performing REITs, and City Developments Limited application for an initial public offering of a real estate investment trust with commercial assets located in Britain. Effect of COVID-19 measures relaxing on S-REITs Best and worst performing S-REITs CDL filing for a Singapore REIT IPO on London commercial assets   Listen to his previous market outlook interviews here: Money and Me: S-REIT’s: which are most likely and which least likely to be affected by new social restrictions? Money and Me: What’s the link bet

The STI lost 27 points or 0.8% at 3,151.04 last week; Trading was cautious as the market waited for Friday’s May US jobs report; The Fed mid-week said it will start selling off corporate bonds; The lower-than-expected jobs figure eased inflation concerns; In the local market, CFM’s shares more than doubled after purchase announcement that drew SGX query; CDL sprang into play on Thurs – but fell back on Friday; MKE said it’s positive on the tech sector; Hyflux to be liquidated. US jobs, inflation concerns and the Fed The US May jobs report played a key role in an otherwise uneventful week during which the Straits Times Index fell 27 points or 0.8% to 3,151.04. Up till Friday when the report was actually released markets traded cautiously, the chief concern being whether a strong

30 STI index stocks represent the overall Singapore stock market performance. The list is dynamic, recent new comers are Keppel DC Reit (replacing SPH) and Frasers Logistics and Commercial Trust (replacing Jardine Strategic Holdings). During the COVID-19 stock recovery, there is a sector rotation, investors start to pay more attention to cyclical stocks (eg. bank, properties and transportation sectors, etc), which are main businesses of 30 STI stocks. In this article, you will learn from Dr Tee on the Latest 30 STI Index Stocks Strategies, some may be considered for longer term investing and / or short term trading with COVID-19 recovery stock rally. Bonus for readers who could read every words of the entire article, learning unique strategy to position in 30 STI Index stocks for b

Don't think I need to elaborate on the latest SPH saga as majority of the nation should know by now what has happened.  If still don't know what's going on, just go to any social media network and you can read it up all you can.After the saga, I browsed through my blog and found I actually have 2 posts on SPH.  One was SPH --  A No No No For Me......... on 21st Sep 2017 and the other SPH -- All Times Low Since 1998 !!! on 28th Jul 2019.  Well looking at both the titles, can tell none of those posts are of anything good on SPH.The most interesting one was the post in 2017, yes almost 4 years ago when the share price then was still above $2.50 and now as of 7th May 2021 closing, the share price was $1.52, more than $1 different in the wrong direction.  In t

The Straits Times Index (STI) is comprised of 30 of the largest and most liquid companies listed on the Singapore Exchange (SGX). Account for nearly 80% of the entire value of all listed companies on the SGX, the STI is commonly referred to as Singapore’s benchmark or market return. We can gain exposure to the STI by investing in one of the two STI ETFs listed on the SGX. With one investment decision, we become broadly diversified to 30 high quality companies and will earn the Singapore market return. Read Also: Complete Guide To Investing In The Straits Times Index (STI) ETFs In Singapore How Did The STI Perform In Q1 2021? While many of us may be attracted to invest in U.S. or Chinese companies, the STI has been no slouch in 2021. According to SGX, the STI delivered a world-leading ret

The recent reporting of the saga revolving around the continuous resignation of more directors of City Development Limited ("CDL") since the acquisition of a 51% stake in a Chinese real estate developer, Sincere Property Group, lead to a very rare word being utilized in writing these days.The investment into the loss making Sincere Property Group in FY2020 has cost CDL a total of S$1.9 billion as at Oct 2020 which included S$895Mil for its 51% stake , S$303Mil for subscription of bonds and another S$133Mil in working capital loan. CDL will need to take into the account the loss given its 51% controlling stake to its consolidated accounts. In October last year, CDL shocked the market when it announced that a long standing director, Mr Kwek Leng Peck had resigned from the board mainly due to

Performance of Straits Times Index (STI) Constituents in 2020 The Straits Times Index (STI) ended 379.02 points or 11.8% lower at 2843.81 in 2020.(compared to 3222.83 on 31-Dec-2019)Top Performers in 2020: Keppel DC REIT, Venture Corp, Mapletree Logistics Trust, Wilmar International & Mapletree Industrial Trust. Least Performers in 2020: Singapore Airlines, Jardine Cycle & Carriage, SingTel, ComfortDelGro. Most Volatile: Keppel DC REIT, Singapore Airlines, Sembcorp Industries. The STI's 30 constituent stocks are: ASCENDAS REIT (A17U.SI); CAPITALAND (C31.SI); VENTURE CORPORATION (V03.SI); CITY DEVELOPMENTS (C09.SI); SINGAPORE EXCHANGE LIMITED (S68.SI); UOB (U11.SI); SEMBCORP INDUSTRIES (U96.SI); DBS GROUP (D05.SI); SINGTEL (Z74.SI); GENTING SINGAPORE (G13.SI); THAI BEVERAGE (Y92.SI);

STI closed at 2843.81DBS  ($25.04)UOB ($22.59)SPH   ($1.13)NetLink Trust ($0.965)SingTel ($2.31)StarHub ($1.31)CityDev ($7.97)Keppel Infra Trust ($0.545)Olam ($1.53)SIA ($4.28)SIA MCBZ300608 ($0.972)Keppelcorp ($5.38)SembCorp ($1.71)Sembmarine ($0.143)SIA Engineering ($1.97)CDL Trust ($1.27)AsiaPay TV Trust ($0.119)Capital China Trust ($1.39)Ascendas India Trust ($1.38)Lippo Malls Trust ($0.062)SuntecReit ($1.49)OUE Comm Trust ($0.385)StarHillGlobal Reit ($0.505)MapleLogistics Trust ($2.01)SATs ($3.98)First Reit ($0.235)KReit ($1.12)SoilBuild Trust ($0.535)HPH Trust ($0.26)AscotReit($1.08)SingPost ($0.705)Comfortdelgro ($1.67)Dutech ($0.24)Ezion ($0.046)*SunningdaleTech($1.53)Kimly($0.315)UOL ($7.71)ST Engineering($3.82)SBDEC17 GX17120W (25,000)SBOCT18 GX18100V (13,000)ATREA

    Over the past few months, we have still seen weakness in the SG property sector.. 📉📉   The 2 heavy-weights counters Capitaland and CityDev are still 𝐬𝐮𝐟𝐟𝐞𝐫𝐢𝐧𝐠 𝐟𝐫𝐨𝐦 𝐬𝐞𝐥𝐥𝐢𝐧𝐠 𝐩𝐫𝐞𝐬𝐬𝐮𝐫𝐞..   It seems like any short term rebounds are met with more selling and, 😢   buyers are just 𝐍𝐎𝐓 𝐀𝐁𝐋𝐄 to take it up to recent highs or maybe even near to pre-Covid19 prices..   Joey here, Top Tier Remisier in Phillip Securities.       After talking about the different sectors in the Singapore Stock market, some have asked if I can share more about the Property sector.   The question i have been getting is:   "𝐈

Performance of Straits Times Index (STI) Constituents in 2020 Q2 The Straits Times Index (STI) ended 108.68 point or 4.38% higher at 2589.91 in 2020 Q2.(compared to 2481.23 on 31-Mar-2020)(vs the -1038.60 point or -32.3% drop in 2020Q1. See Performance of Straits Times Index (STI) Constituents in 2020Q1.)Top Gainers: Wilmar International, Mapletree Logistics Trust, Venture Corporation, Mapletree Industrial Trust, City Developments. Least Performers: Singapore Airlines, Jardine Matheson, SATS, Singapore Exchange, ComfortDelGro. Most Volatile: Sembcorp Industries, Singapore Airlines, CapitaLand Mall Trust, CapitaLand Commercial Trust, Mapletree Commercial Trust. Advertisement Continue Reading »

Going by all readings and forecasts, theYyear of the Fire Monkey is going to be turbulent for all of us. While I am no Feng Shui master,  I will jump on the bandwagon and make my 10 predictions of key trends in the Malaysian real estate scene in 2016. No  1. Affordable Housing will take center stage Malaysia’s population crossed the 30 million mark in 2014 and the median age is still young at 29 years. Housing demand is still strong, especially for the young and first time home buyers. However,  despite the recent housing boom in Malaysia, there is still a huge mismatch of demand and supply as most property developers had focused on the higher end segment instead of first time purchasers. Public housing initiatives like the federal government led PR1MA, and those by various state