Daily Debrief: What Happened Today

Stories you might have missed

HDB resale prices rise further in April amid falling volume: SRX, 99.co

PRICES of resale Housing and Development Board (HDB) flats continued rising in April, flash figures released by SRX and 99.co on Thursday (May 4) showed.

Federal Reserve’s possible rate peaking fails to fuel rally in Singapore shares

THE United States Federal Open Market Committee (FOMC) overnight raised its funds rate by 25 basis points (bps) – as expected – but industry watchers were surprised that stock markets did not respond more positively to the suggestion that this might be the end of the rate hike cycle.

LNG should be phased out like coal, civil society groups say in protest at ADB meet

THE Asian Development Bank’s (ADB) take on liquefied natural gas (LNG) as a transitional fuel in Asia’s green energy transition is facing pushback from a number of civil society groups that attended its 56th Annual Meeting in Incheon, South Korea.

Former Hyflux director charged over neglect in failure to disclose material information on Tuaspring

A FORMER director of Hyflux has been charged over neglect which caused the company to omit information relating to Tuaspring Integrated Water and Power Project, in violation of Singapore Exchange (SGX) listing rules.

Analysts look well upon Keppel’s asset monetisation targets, see positive share catalysts

ANALYSTS were positive on Keppel Corporation after the group announced on Wednesday (May 3) its goal to reach an asset monetisation of S$10 billion to S$12 billion by the end of 2026.

Corporate Earnings

• FLCT posts 8.6% lower H1 DPU of S$0.0352 on foreign exchange weakness
• ARA H-Trust Q1 net property income rises 19% to US$6.4 million as recovery continues

The STI today

Singapore stocks rise on Thursday following Fed rate hike

SINGAPORE stocks inched higher on Thursday (May 4), following the US Federal Reserve’s decision to hike rates by another 25 basis points.