SG Morning Highlights: Singapore to tighten policy amid inflation fight

Good morning mooers! Here are things you need to know about today's Singapore:

●Singapore shares opened lower on Tuesday; STI down 0.25%

●Singapore to tighten policy amid inflation fight

●Stocks to watch: CapitaLand Investment, ESR-Reit, Dasin Retail Trust, Lian Beng

-moomoo News SG

Market Trend
Singapore shares opened lower on Tuesday. The $富時新加坡海峽指數(.STI.SG)$ decreased 0.25 per cent to 3,355.07 as at 9.10am.

Advancers / Decliners is 41 to 85, with 99.17 million securities worth S$87.01 million changing hands.

Breaking News
Singapore to tighten policy amid inflation fight

Singapore's central bank is expected to tighten monetary policy as global inflation sweeps into the city-state, fueled by geopolitical and supply-chain tensions and as Federal Reserve officials remove Covid-era support.

The Monetary Authority of Singapore, which uses the exchange rate rather than interest rates to stabilize prices, will signal Thursday that it's seeking a stronger local dollar to buffer imported inflation, according to all 16 economists surveyed by Bloomberg.

Stocks to Watch
$ESR-LOGOS REIT(J91U.SG)$ ： ESR-Reit is redeveloping its 21B Senoko Loop general industrial property into a build-to-suit, high-specification facility for existing master tenant NTS Components Singapore.

The redevelopment will cost about S$38.5 million and is expected to be completed by Q1 2024, the real estate investment trust's manager said in a press statement on Tuesday (Apr 12).

$CapitaLandInvest(9CI.SG)$ : The real estate investment arm of property developer CapitaLand said that its lodging business The Ascott has set a target.

$Dasin Retail Tr(CEDU.SG)$ : THE auditor of Dasin Retail Trust has flagged a material uncertainty that may cast significant doubt on the real estate investment trust (Reit)'s ability to continue as a going concern, reported the Reit in a bourse filing on Monday (Apr 11).

$Lian Beng(L03.SG)$ : Construction firm Lian Beng Group has won a new contract bringing its order book to $1.5 billion, according to chairman and managing director Ong Pang Aik in an exchange filing on April 11.