Daily Debrief: What happened today
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New virus strains, above-target inflation key risks to financial stability in 2022: MAS
Corporates, households and banks in Singapore have remained stable over the year, buoyed by strong capital buffers, Covid-19 support measures and improving financial conditions.
Tech talent most in demand as hiring activity picks up in 2022: recruitment firm surveys
As hiring activity picks up in 2022 and workers look to switch jobs, tech talent will be particularly in demand, according to two surveys by recruitment firms released on Dec 6.
Sunshine 100 China Holdings defaults on SGX-listed bond payment
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Chinese developer Sunshine 100 China Holdings has defaulted on US$178.9 million of debt and interest payments due Sunday (Dec 5), as the direct fallout of the woes of property companies in China continues to impact investors in Singapore.
UOBKH adds Sembcorp Marine, BRC Asia to December alpha picks
UOB Kay Hian (UOBKH) has added Sembcorp Marine (Sembmarine) Sembcorp Marine and BRC Asia to its alpha picks for the month of December, and removed Sea and iFast from the portfolio, given the lack of share-price catalysts in the near term.
Digital Core Reit jumps 14% to US$1 in SGX mainboard debut
Digital Core Reit opened at US$1 on its trading debut on the mainboard of the Singapore Exchange (SGX), some 13.6 per cent higher than initial public offering (IPO) price of US$0.88.
Pivoting to promising segments an increasingly vital growth driver for Reits
CapitaMall Trust (CMT) became Singapore's first listed real estate investment trust (Reit) in July 2002. In its first 5 full years as a listed entity, distribution per unit (DPU) rose 66 per cent between 2003 and 2007, or a compound annual growth rate of nearly 14 per cent. Acquisitions and asset enhancements were the 2 most important drivers of DPU growth for CMT in its early years.
The STI today
STI gains 0.46% amid mixed regional showing, Omicron uncertainty
Singapore shares rose on Monday (Dec 6) despite lingering uncertainty over the impact of the Omicron coronavirus variant on the global economy.
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