SG Morning Highlights: Factory and warehouse leasing volume slows to 3.5% in Q1

Moomoo News SG wrote a column · Jun 8, 2022 09:03

SG Morning Highlights: Factory and warehouse leasing volume slows to 3.5% in Q1

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

●Singapore shares opened lower on Wednesday; STI down 0.03%

●Factory and warehouse leasing volume slows to 3.5% in Q1

●Stocks & REITs to watch: IHH Healthcare, PSC Corp, Raffles Education

●Latest share buy back transactions

-moomoo News SG

Market Trend
Singapore shares opened lower on Wednesday. The $富時新加坡海峽指數(.STI.SG)$ decreased 0.03 per cent to 3,230.51 as at 9:00 am.

Advancers / Decliners is 63 to 27, with 22.58 million securities worth S$25.69 million changing hands.

Breaking News

Factory and warehouse leasing volume slows to 3.5% in Q1

This chart from Savills shows that factory and warehouse leasing volume rate increase had slowed down to 3.5% year-on-year (YoY) in the first quarter (Q1) of 2022 despite volume increasing from 2950 to 3054.

However, from the chart, we can surmise that if the trend from the 12 years continues, leasing volume will continue to break the previous year's records.

Stocks & REITs to Watch

$IHH (Q0F.SG)$ : Hospital group IHH Healthcare is selling its medical education arm International Medical University (IMU) for a total enterprise value of RM1.35 billion (S$421 million) to a consortium of investors led by The Rise Fund, TPG's multi-sector global impact investing platform, and the Hong Leong Group.

IHH Healthcare, Asia's biggest hospital group by market value, said it entered into a conditional share sale agreement to dispose of 1.1 million ordinary shares of IMU, representing its entire issued ordinary share capital, to Inbound Education Holdings.

$PSC Corporation (DM0.SG)$ : Consumer goods company PSC Corporation is proposing to acquire food manufacturers Dean Fa Food Co (Taiwan) and Novel Food Manufacturing (Singapore) for S$95.1 million.

The total consideration is expected to comprise approximately S$2.8 million in cash. The remaining S$92.3 million will be satisfied through the issuance of 219.7 million new ordinary shares in the share capital of PSC, at S$0.42 per share, PSC said in a bourse filing on Tuesday (Jun 7).

$Raffles Edu (NR7.SG)$ : RAFFLES Education is seeking to raise S$26.2 million in convertible bonds to repay existing loans and for general working capital, the company said in a bourse filing late Tuesday night (Jun 7).

The bonds are due 5 years from the issue date and will bear a coupon of 6 per cent per annum, payable on a semi-annual basis. They are proposed to be offered on a renounceable basis to entitled shareholders on the basis of 19 bonds for every 1,000 shares held.

Latest Share Buy Back Transactions

SG Investors

Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more

Translate

Report

95K Views

Comment

Moomoo News SG

Moomoo News Official Account

12KFollowers

10Following

204KVisitors