Stocks to watch: Ascott, S i2i, mm2 Asia
THE following stocks may be in focus on Tuesday:
The Ascott Limited: CapitaLand's wholly owned serviced residence business unit has set its sights to expand in South America with franchise agreements for its first two serviced residences in Sao Paulo, Brazil.
S i2i: The company has announced that its wholly owned subsidiary Affinity Capital has entered into an asset transfer agreement with SB ISAT Fund, a limited liability partnership incorporated in the Cayman Islands, for the proposed acquisition of an e-commerce platform.
mm2 Asia: The film and TV production company has announced the launch of the initial public offering of shares for UnUsUaL on Singapore Exchange's Catalist board at a placement price of S$0.20 per share.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
US: Stocks closes up another weekly gain ahead of inflation data
Europe: Stocks close at record high on earnings, rate cut optimism
Oil falls on prospect of higher-for-longer US rates, stronger dollar
STI climbs 0.8% on Friday, tracking regional rally
JPMorgan says India index inclusion on track, clients ready
Asia: Markets mostly rise as US data boosts rate hopes