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- F&N and Frasers Commercial Trust requests for trading halt pending announcement
- Jul 1: CapitaLand, SPH, CDL, Frasers Commercial Trust
- Jul 2: Raffles Medical, SembCorp Marine, ST Engineering, SPH, Keppel Corp
- Frasers Commercial Trust to raise $888.9m for debt
- CapitaCommercial Trust says rights issue oversubscribed
- China Sports International to raise $16m from 1-for-4 rights issue
- Frasers Commercial Trust falls on news of 3-for-1 rights issue
- Centillion undertakes rights issue
- Coke, F&N agree to extend existing bottling arrangement to tie over transition period
- Midas’ China unit wins 2 downstream fabrication contracts worth of $15.7m
- Otto Marine unit terminates $48m shipbuilding contract
The Daily Edge
STI falls 1.41% to 2,288.02 on opening
Singapore’s benchmark stock index, the Straits Times Index, fell 1.41% at 9:05 a.m. The index of 30 companies traded on Singapore Exchange fell 32.80 to 2,288.02. Among the stocks in the index, 1 rose, 28 fell and 1 was unchanged. Declines in the Straits Times Index were led by United...
Jul 3: Keppel, Sembcorp Industries, Jardine Cycle & Carriage
The following companies may have unusual price changes in trading today, say Bloomberg and Thomson Reuters. Stock prices are from the previous close. The Straits Times Index fell 1.4% to 2,320.82 yesterday, declining for the first time in three days. Bulk carriers: The Baltic Dry Index, a measure...
Tianjin Eco‐City partners Taiwan’s Farglory Group to develop $2b township for 12,000 residents
Sino‐Singapore Tianjin Eco‐City Investment and Development Co. (SSTEC) and Farglory Land Development Group Shanghai which is backed by Farglory Group, Taiwan’s largest property developer, will collaborate to create a “live, work and play” community in Tianjin Eco‐City. The...
STI dips 1.4% to 2,320.82
The Straits Times Index dropped 1.4% to 2,320.82 at the close. Twelve stocks fell for each that gained on the 30-member gauge. The following shares were among the most active in the market today. Palm oil suppliers: Crude palm oil for September delivery dropped as much as 4% in Kuala Lumpur today...
Abterra to raise coal output in China
Iron ore trader Abterra says it plans to increase the annual production capacity at its China coal mine to 900,000 tons by 2011. This is in line with the rising demand for coking coal, reported Channelnewsasia.com. The firm expects to benefit from rising coking coal prices, which is driven by China's...
Blog Heads
The Edge mid-week Comment July 1: Buy the condo or the stock?
THE PROPERTY RUSH continues to grab the headlines with queues at new launches and crowds at show flats. Perhaps a sobering reminder would be the still declining prices based on the Urban Development Authority’s (URA) flash estimates released earlier this Wednesday. The price index for private...
A pause in the rally
JUNE 15 AND 16 saw the first back-to-back 1% declines in stock prices since early March, as equity markets gave back some of their recent gains. For the week, the Dow Jones Industrial Average fell 3% to 8,540, the Standard & Poor’s 500 Index declined 2.6% to 921 and the Nasdaq Composite gave...
China’s global resources binge
THE NEXT TIME you fill up your car in Bukit Timah, it could be at a PetroChina Co outlet. While the Chinese oil giant has yet to make up its mind about rebranding the petrol stations it owns in Singapore, it is more likely than not bringing its bright orange logo to the island state. Just last month,...
Where is the US dollar heading?
THERE ARE TWO big issues facing investors when thinking about the US dollar — its valuation and its role as a global currency. The US dollar is at a turning point on both issues, facing what we believe will be a long secular decline on both fronts. This decline has only been temporarily suspended...
Shanghai Index takes a breather at 3,000
INCREASING EVIDENCE SUGGESTS the green shoots in the US are withering. The bamboo shoots in China, however, show no evidence of this. The test of the Shanghai Index resistance near 3,000 is not a signal for a general market retreat. The Shanghai Index has a high probability of developing a...
