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Daily Debrief: What Happened Today

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Non-oil domestic exports (NODX) growth rose 8.5 per cent year on year in July, extending the 8.8 per cent growth in June, according to trade promotion agency International Enterprise (IE) Singapore.

High base,electronics drag September non-oil exports to 1.1% decline
SINGAPORE'S non-oil domestic exports (NODX) lost steam in September to post a 1.1 per cent decline after months of increase capped by a 16.7 per cent year-on-year surge in August. 


Chip Eng Seng to buy Changi Garden for S$248.8m, 27% above asking price
PROPERTY developer Chip Eng Seng will buy the Changi Garden retail and residential estate for S$248.8 million after wining an en bloc tender.


Fintech can pose systemic risks: report
FINTECH may pose a systemic risk to financial systems, and its impact must be weighed by factors such as the level of unfettered competition, the degree of concentration risk, and its track record, said a report by Depository Trust & Clearing Corporation (DTCC), a post-trade financial services company.


DBS launches corporate multi-currency account
DBS Bank said on Tuesday that it has launched a corporate multi-currency account to help businesses transact and manage up to 13 currencies in separate e-wallets, all maintained in one single account.

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Market voices on:


Brokers' take: DBS keeps 'buy' on Keppel DC Reit on asset quality
KEPPEL DC Reit has room for accretive acquisitions given its low cost of capital, said DBS Group Research on Tuesday as it kept its "buy" rating on the trust for data centres.


Broker's take: SAC Capital keeps 'buy' on United Global on strong financials
SAC Advisors has raised its target price for United Global to 50 Singapore cents and kept its "buy" rating after the lubricant maker's first-half results and a recent acquisition.


Major Wi-Fi security flaw affects billions worldwide, including almost every Internet user in Singapore
MAJOR security flaws just discovered in Wi-Fi devices have put billions at risk worldwide, including almost every Internet user in Singapore.


Corporate Earnings

The STI Today

STI adds 6 points on Tuesday to end at 3,329.03
INSPIRED by Wall Street's record close and higher oil prices, most Asian equities extended their rally on Tuesday including the benchmark Straits Times Index (STI) which added 5.97 points or 0.18 per cent to close at 3,329.03.


 

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