Out of the frying pan and into... malls?
Unexplained selloff in Indonesia mall play Lippo Malls, but Keppel Corp keeps sizzling with a renewed oil rally
IN the second week of the school holidays, Singapore markets seem ripe for a vacation: Flying high, but wilting ever so slightly after settling in for a long-haul flight and realising there's a crying baby in the cabin.
Regional stocks slipped, and Singapore's benchmark Straits Times Index (STI) was no exception. It closed at 3,436.36 points, down 5.79 points or 0.17 per cent. DBS published a strategy report that gave an end-2018 target price of 3,688 points, citing low valuations, high dividend yields, and decent earnings growth relative to the region.
Beneath the surface, plenty of things continue to happen. We highlight four below. Just look past the mediocre daily traded value of S$862 million, put on those earplugs, and keep reading.
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