Daily Debrief: What Happened Today

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Appetite for food delivery dips after Singapore’s reopening, but still above pre-pandemic levels

THE demand for food delivery has fallen since Singapore lifted Covid-19 curbs last year, but it remains higher than pre-pandemic levels, say food delivery platforms and food and beverage (F&B) players.

Kore, Prime US Reit unlikely to hit gearing limit even as US office assets face waning valuations

LEVERAGE ratios should remain below the mid-40 per cent levels at (Kore) and , according to market watchers. Both are Singapore-listed real estate investment trusts (S-Reits) with office assets in the US, where occupancy ratios remain below pre-pandemic levels on average.

Hong Kong-listed Comba Telecom closes SGX debut at S$0.255, roughly on par with HK shares

TELECOMS solutions provider Comba Telecom joined the list of secondary issuers on the mainboard of the Singapore Exchange (SGX) on Wednesday (Jan 4), with its first trade taking place at 11.52 am at a price of S$0.41.

ARA H-Trust to acquire Colorado hotel property for US$29m

THE managers of ARA US Hospitality Trust (ARA H-Trust) have proposed to acquire a 119-room Hilton-branded hotel property in the US for US$29 million.

BT subscribers get exclusive discount for Feb 18 property outlook seminar

THE Business Times (BT) subscribers will get first dibs on an upcoming BT Property Outlook 2023 seminar.

The STI today

Singapore stocks post muted performance on Wednesday; STI down 0.1%

SINGAPORE shares extended a second day of flattish trading on Wednesday (Jan 4), amid a mixed showing across the region.