You are here

Daily Debrief: What Happened Today

Stories you might have missed

38249426 - 02_05_2016 - SGX.jpg
THE Singapore Exchange (SGX) will publish half-yearly updates on long-suspended counters and unveil improvements to the admissions process as part of its efforts to enhance its oversight of companies, the market operator announced on Thursday.

SGX reports on long-suspended counters; 11 of 20 trying to resume trading

The Singapore Exchange (SGX) will publish half-yearly updates on long-suspended counters and unveil improvements to the admissions process as part of its efforts to enhance its oversight of companies, the market operator announced on Thursday.


Singtel plans up to US$2b IPO for broadband unit, to slash stake: sources

Singapore Telecommunications (Singtel) is considering listing its broadband unit on the local bourse in a deal that could raise about US$2 billion, sources close to the matter said on Thursday.


Manulife US Reit prices Singapore IPO at top of range, translating to a projected 7.1% yield

Manulife US real estate investment trust (Manulife US Reit) has priced its Singapore initial public offer (IPO) at US$0.83 each - the top of the indicative price range which translates to a projected distribution per unit yield of 7.1 per cent for FY2017.


UOB to issue S$750m in bonds with 4% per year fixed distribution rate

United Overseas Bank (UOB) has launched and priced S$750 million in non-cumulative, non-convertible perpetual capital securities, which will bear a fixed distribution rate of 4 per cent per annum.


Industry Transformation Map for precision engineering sector unveiled

A blueprint to strengthen the precision manufacturing sector here was unveiled on Thursday morning, as the sector faces dwindling output while the larger manufacturing industry restructures.


Oil traders leave Noble Group, three join Glencore: sources

Five oil product traders have resigned from Noble Group, Asia's biggest commodity trader by revenue, some of whom are moving to rival trader Glencore, sources with knowledge of the issue said.


Corporate Earnings


The STI Today

Singapore shares close higher, raising hopes that selling may have dried up - for now

There are hopes that Thursday's session marked the end of the selling for the time being. Alternatively, there are hopes that short sellers, having already bet correctly over the past fortnight, have now great incentive to cover their positions rather than hold on for more gains.