
SGX
Company in the news
UBS Group subsidiary emerges as substantial shareholder at iFAST
UBS AG, a subsidiary of UBS Group AG, has become a new substantial shareholder at iFAST Corporation.
STI watch
STI down 0.72% despite December NODX expansion
The Straits Times Index (STI) was down 21.63 points or 0.72% as at 12.48pm on Jan 18 despite December’s non-oil domestic exports (NODX) registering a 6.8% y-o-y growth, according to figures release
Results
Ascott Residence Trust says FY2020 DPU expected to reduce by 60-70% from 7.61 cents in 2019
Ascott Residence Trust (ART) has guided, on Jan 15, that its distribution per stapled security (DPU) is expected to reduce by 60-70% from the 7.61 cents recorded for FY2019 ended December.
Company in the news
Haw Par Corporation declines to comment on Underwater World Singapore's litigation
Underwater World, a wholly-owned subsidiary of Haw Par Corporation, has pleaded guilty to a charge under Section 12(1) of the Workplace Safety and Health Act (Chapter 354A).
Joint ventures and alliances

Yoma Strategic enters into joint venture to develop second city loft project as an interested person transaction
Yoma Strategic Holdings has, on Dec 15, entered into a joint venture agreement with First Myanmar Investment Public Company Limited and Jebsen & Jessen Property Holdings through its wholly-owne
Sustainability

SGX launches new sustainability platform, pledges $20 mil to initiatives
The Singapore Exchange is investing $20 million into expanding its sustainability initiatives, housed under a new platform.
IPO

GHY Culture & Media sets its sights on 'Nanyang'
In 1997, Guo Jingyu, newly minted as an assistant director, was enthralled by the wonders of a new video-editing software. However, the use was not cheap: RMB100 per hour of footage.
REITs

Sabana REIT's independent non-executive director resigns amid failed merger
Ng Shin Ein, an independent non-executive director at Sabana Shariah Compliant Industrial REIT (Sabana REIT) has resigned on the evening of Dec 7 amid the failed merger between the REIT and ESR-REI
Broker's Calls

Upswing in ASPs unlocks value in Jiutian Chemical amid Chinese economic rally
As China continues its rapid recovery from Covid-19 lockdowns, strong demand for dimethylformamide (DMF) is likely to benefit SGX-listed Chinese chemical firm Jiutian Chemical.