Daily Debrief: What Happened Today

Corporate Earnings

SATS offers up to RM218m for 49% stake in Malaysian airline caterer

Airport services group SATS is eyeing a significant chunk of an inflight meals caterer that serves Malaysia Airlines. It has made a conditional binding offer to buy 49 per cent of Brahim's Airline Catering Holdings for up to RM218 million (S$70.7 million), it said in a Singapore Exchange filing on Thursday.

Cambridge Industrial Trust manager's biggest shareholder mulling stake sale

The biggest shareholder of industrial landlord Cambridge Industrial Trust's manager is considering the sale of its 56 per cent stake. National Australia Bank group vehicle nabInvest Capital Partners has received "non-binding expressions of interest" for its shares in Cambridge Industrial Trust Management (CITM), CITM said in a Singapore Exchange filing on Thursday right after posting the trust's third-quarter results.

Prices, rents of industrial space continue to soften in Q3: JTC

Prices and rentals of industrial space continued to soften in the third quarter of 2015, according to JTC statistics released on Thursday. Overall industrial prices fell 0.3 per cent over the preceding quarter, while those of multiple-user factories fell 0.4 per cent.

Singapore's GIC forms JV to invest in India office project

Singapore sovereign wealth fund GIC has formed a 50-50 joint venture with Tishman Speyer to invest in the developer's office project in the southern Indian city of Hyderabad, the firms said in a joint statement.

Aussie dollar sliding toward 60 US cents in Citigroup's 1998 redux

If you want to know what lies ahead for Australia's dollar look back to 1998, according to Citigroup Inc, the world's largest currency trader.

The STI Today

Singapore stocks close higher in low volume

A modest rise in the Dow futures and a firm session in Shanghai on Thursday helped put 12.41 points on the Straits Times Index at 3,038.11. Turnover however, was a poor 1.2 billion units worth S$680.7 million of which 175.4 million worth S$412.6 million was done in the 30 Straits Times Index components, which meant that the remaining 700 plus stocks contributed only S$268 million or 39 per cent to total volume.