SG Morning Highlights: CEOs of DBS, Keppel and Sembcorp expect uplift to firms from macroeconomic, sustainability tailwinds

Moomoo News SG wrote a column · Oct 25, 2022 09:14

SG Morning Highlights: CEOs of DBS, Keppel and Sembcorp expect uplift to firms from macroeconomic, sustainability tailwinds

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

●Singapore shares opened higher on Tuesday; STI up 1.06%

●CEOs of DBS, Keppel and Sembcorp expect uplift to firms from macroeconomic, sustainability tailwinds

●Stocks and REITs to watch: CICT, LMIRT

●Latest share buy back transactions

-moomoo News SG

Market Trend

Singapore shares opened higher on Tuesday. The $FTSE Singapore Straits Time Index (.STI.SG)$ rose 1.06 per cent to 3,001.37 as at 9.07am.

Advancers / Decliners is 124 to 63, with 83.59 million securities worth S$128.19 million changing hands.

Breaking News

Global chip shortage is reversing fast

Remember the global semiconductor shortage a few months ago? It's over.

Now, quickly shrinking demand for consumer electronics is causing cancelled orders and unsold stockpiles at makers of integrated circuits, including Taiwan Semiconductor Manufacturing Co (TSMC), $Advanced Micro Devices (AMD.US)$ and $NVIDIA (NVDA.US)$. It's a stark contrast with the disruptions that chip shortages caused for makers of autos, smartphones, computers and other goods relying on the advanced electronic devices.

CEOs of DBS, Keppel and Sembcorp expect uplift to firms from macroeconomic, sustainability tailwinds

Wong Kim Yin, Sembcorp Industries CEO, states that the group focuses on accelerating its transformation and delivering lasting value for all its stakeholders.

Indonesia's Q3 foreign direct investment value rises 63.6%

Foreign direct investment (FDI) in Indonesia rose 63.6 per cent on a yearly basis in the third quarter in rupiah terms, its investment minister said on Monday (Oct 24), boosted mainly by development of resources processing.

Bahlil Lahadalia said that the trend of investment in the processing industry was due to construction of smelters, part of Indonesia’s strategy to give more value to its minerals.

FDI value in Q3 reached 168.9 trillion rupiah (S$15.4 billion), Bahlil said, with Singapore, China and Japan the biggest sources.

Huge challenges facing Sunak, UK's fifth PM in six years

Surging inflation, ongoing strikes, health crises and war in Europe: the UK's incoming prime minister Rishi Sunak faces major challenges – as well as bitter rifts in the Conservative party.

Stocks to Watch

$CapLand IntCom T (C38U.SG)$ : The net property income of CapitaLand Integrated Commercial Trust (CICT) went up by 12.7 per cent year-in-year to S$273.3 million in the third quarter of 2022 ending on Sep 30, said the trust in a business update filed on the Singapore Exchange on Friday (Oct 21).

Gross revenue over the same period went up 13.7 per cent to S$374.1 million. The overall occupancy rate of its portfolio rose to 95.1 per cent at the end of Sep 30, up from 93.8 per cent three months before.

Both increases in gross revenue and net property income were driven by the better performance of CICT office assets.

$Lippo Malls Tr (D5IU.SG)$ : The manager of Lippo Malls Indonesia Retail Trust (LMIRT) announced via a bourse filing on Friday (Oct 21) that the trust has obtained a bridging loan facility of up to S$67.5 million with BNP Paribas and the Singapore branch of CIMB.

The loan would be used to refinance existing debt obligations of Perpetual Asia, a trustee of the retail trust. This includes repaying a term-loan facility of up to S$67.5 million under an existing S$135 million term-loan facility made available to the trustee in 2018, read the filing by LMIRT Management.

The drawdown of the loan is expected to occur on or about Oct 28 this year, and it is needs to be repaid by Nov 9 next year.

Latest Share Buy Back Transactions