SG Morning Highlights: Factory and warehouse leasing volume slows to 3.5% in Q1
![SG Morning Highlights: Factory and warehouse leasing volume slows to 3.5% in Q1](https://ussnsimg.moomoo.com/800733152001594955.jpg/bigmoo)
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.
●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.
![SG Morning Highlights: Factory and warehouse leasing volume slows to 3.5% in Q1](https://ussnsimg.moomoo.com/2869047676200982498.jpg/bigmoo)
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.
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
Latest Share Buy Back Transactions
![SG Investors](https://ussnsimg.moomoo.com/3729946989795790350.png/bigmoo)
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