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Singapore Wrap Friday

Today's notable stories

Agribusiness Olam International on Friday posted a net profit of S$31.26 million for its first quarter ended March 31, 2015, down a hefty 92.1 per cent from S$396.13 million in the year-ago period.

Corporate Earnings

Developers sell 1,124 private homes in April, up from 613 units in March

Developers sold 1,124 private homes excluding executive condominiums (ECs) in April this year, up from 613 units in the previous month and 762 units in the same period last year.

Singapore's prime residential prices fall most among 35 cities: Knight Frank

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Prime residential prices in Singapore fell the most for the year ended March 31, 2015, among 35 cities tracked by Knight Frank's Global Cities Index for the first quarter of this year.

Singapore retail sales up 2.1 per cent year on year in March

Singapore retail sales saw a muted increase of 2.1 per cent in March 2015 compared to the same period last year, bringing the total Singapore retail sales value to S$3.4 billion, similar to that in March 2014.

CapitaLand's proposed S$650m convertible bond issue fully placed

CapitaLand on Friday announced that its proposed issue of S$650 million in principal amount of convertible bonds has been fully placed to institutional and accredited investors.

Singapore: STI gains 0.3% this week in quiet trading

Five trading days and the Straits Times Index managed an 11-point or 0.3 per cent rise to 3,463.10. Optimists might be thankful for the gain and be grateful that even with liquidity dipping as it has to daily averages below S$1billion, the index held up pretty well. Pessimists on the other hand, would bemoan the loss of volume, volatility and verve over the past fortnight.