SG Morning Highlights: SIA to sell green fuel credits from July
Good morning mooers! Here are things you need to know about today's Singapore:
●Singapore shares opened lower on Thursday; STI down 0.20%
●SIA to sell green fuel credits from July
●Stocks & REITs to watch: Yangzijiang Financial, Aspen, Asti
●Latest share buy back transactions
-moomoo News SG
Market Trend
Singapore shares opened lower on Thursday. The $富時新加坡海峽指數(.STI.SG)$ decreased 0.20 per cent to 3,219.32 as at 9:02 am.
Advancers / Decliners is 54 to 51, with 78.40 million securities worth S$57.84 million changing hands.
●Singapore shares opened lower on Thursday; STI down 0.20%
●SIA to sell green fuel credits from July
●Stocks & REITs to watch: Yangzijiang Financial, Aspen, Asti
●Latest share buy back transactions
-moomoo News SG
Market Trend
Singapore shares opened lower on Thursday. The $富時新加坡海峽指數(.STI.SG)$ decreased 0.20 per cent to 3,219.32 as at 9:02 am.
Advancers / Decliners is 54 to 51, with 78.40 million securities worth S$57.84 million changing hands.
Breaking News
SIA to sell green fuel credits from July
Passengers including corporate flyers as well as freight forwarders on $SIA(C6L.SG$ flights will be able to reduce their carbon footprint by buying greener jet fuel credits from July.
The national carrier together with Temasek and the Civil Aviation Authority of Singapore (CAAS) will start selling sustainable aviation fuel (SAF) credits to travellers and freight forwarders as part of a CAAS-SIA-Temasek pilot to promote the use of the greener fuel in the Republic.
Stocks & REITs to Watch
$YZJ Fin Hldg(YF8.SG$ : Yangzijiang Financial Holding is buying back up to S$200 million worth of shares after shareholders voted in favour of a share buyback mandate.
Stocks & REITs to Watch
$YZJ Fin Hldg(YF8.SG$ : Yangzijiang Financial Holding is buying back up to S$200 million worth of shares after shareholders voted in favour of a share buyback mandate.
The company, a spin-off from Yangzijiang Shipbuilding, held an extraordinary general meeting on Wednesday (Jun 8) to seek shareholders' approval for the company to adopt a mandate to allow the company to buy back up to 10 per cent of its own issued ordinary share capital.
Up to 395 million shares may be purchased by the company under the programme, the company announced in an exchange filing after the meeting. It added that the current intention is for any share repurchased via the programme to be held as treasury.
$Aspen(1F3.SG$ : Aspen Glove is planning to significantly scale down its operations, the group said on Wednesday (Jun 8) night.
This comes amid increasing headwinds for the medical glove market, and as the glove maker expects further margin compressions from falling average selling prices and rising production costs.
Aspen noted that the medical glove market is facing reduced demand amid the easing of Covid-19, high inventory levels, heightened competition, global supply chain challenges, higher shipping and logistics costs, high inflation and a continuous decline in average selling prices.
$ASTI - watch list(575.SG$ : Lithium-Ion battery manufacturer EoCell, an associate of Asti Holdings, has entered into a non-binding letter of intent with an unnamed publicly-traded special-purpose acquisition corporation (SPAC) for a potential combination.
If a definitive agreement is reached after negotiations, and the business combination is completed, it is expected that the SPAC will acquire EoCell by reverse triangular merger, or by a similar structure mutually agreed by the parties; the shareholders of EoCell will become shareholders of the SPAC, said Asti, a watch-listed semiconductor manufacturing services company, in an exchange filing on Wednesday (Jun 8).
Latest Share Buy Back Transactions
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