Daily Debrief: What Happened Today

Property Flash Estimates

Lion Global Investors' first Singapore Reit ETF to offer investors low cost access to Reits here

The first exchange traded fund (ETF) dedicated to Singapore Real Estate Investment Trusts (S-Reits) is making its entrance here, with an aim to provide investors with low-cost access to high-quality S-Reits that offer a sustainable stream of income and potential capital growth.

Hot stock: Rotary gains 8.5% as major shareholders bid S$0.46/share to delist

The controlling family of Rotary Engineering has teamed up with an investment arm of the Oman government to take the engineering services company private through a S$0.46 per share cash offer.

IE Singapore inks MOUs to help tech firms break into China

International Enterprise (IE) Singapore signed two memoranda of understanding (MOUs) with Chinese tech partners last week to help more Singapore companies gain access to the market and the innovation ecosystem in China.

Broker's take: DBS Group Research flags upside potential for Singtel

DBS Group Research flagged potential upside to Singtel's share price, noting a valuation discount on the telco's shares versus its regional peers.

Global Logistic to buy Gazeley for 2.4b euros

Global Logistic Properties (GLP) said before trading hours on Monday that the company and its subsidiaries will acquire leading European logistics platform, Gazeley, for about 2.4 billion euros (S$3.8 billion).

Noble Group subsidiary completes sale of unit to Mercuria Energy America

Noble Group's subsidiary, Noble Americas Corp, on Monday announced it had completed the sale of a unit, Noble Americas Gas & Power Corp, to Mercuria Energy America, Inc, for US$102 million.

Emerging Towns & Cities taps Yoma Bank to offer home loans in Yangon project

Emerging Towns & Cities Singapore (ETC Singapore) is tying up with Yoma Bank to provide home loans for buyers of its Golden City project in Yangon, Myanmar.Under the strategic partnership, Yoma Bank will offer financing through 15-year home loans for up to 70 per cent of the purchase price, ETC Singapore, a property developer, said in a press release.

Broker's take: RHB upgrades Delfi to 'buy' following share price correction

RHB has upgraded confectionery maker and distributor Delfi to "buy" from "neutral", despite the company's weak second-quarter results, as its share price has corrected by 31 per cent.

The STI Today

Singapore stocks finish higher on expectations of another Wall Street record

A 30-points rise in the Dow futures helped the Straits Times Index kick off the week with a 42.19-point or 1.3 per cent gain at 3,262.1 on Monday.