TSLA
Tesla
-- 431.660 RGTI
Rigetti Computing
-- 17.0800 NVDA
NVIDIA
-- 137.010 PLTR
Palantir
-- 79.080 LAES
SEALSQ Corp
-- 9.080 Morning Wrap | ComfortDelGro Set to Increase Platform Fees in 2025
Good morning mooers! Here are things you need to know about today's Singapore markets:
- Singapore shares opened lower on Thursday;
- Singapore Retail Rents to Rise at a Slower Pace in 2025 Amid Economic Uncertainties
- Singapore Condo Resale Prices Rise in November Despite Lower Volumes
- Stocks to watch: Koh Brothers Eco Engineering, ComfortDelGro, Cromwell E-Reit, etc.
- Latest share buy back transactions
Market Snapshot
SG:
Singapore shares opened lower on Thursday:
Today's Volume / Value: 114.61M / S$57.35M
Advancers / Decliners: 94 / 60
US:
The U.S. stock market was closed yesterday.
Breaking News
Singapore Retail Rents to Rise at a Slower Pace in 2025 Amid Economic Uncertainties
Despite a boost from new food and beverage (F&B) brands, retail rents in Singapore are expected to increase at a slower rate in 2025. The strong Singapore dollar, which has reduced tourist spending per capita and potentially affected local consumption, is a primary factor.
Singapore Condo Resale Prices Rise in November Despite Lower Volumes
In November 2024, condominium resale prices in Singapore saw a month-on-month increase of 1.2%, even as transaction volumes dropped by 5.8% to an estimated 1,023 units, according to data from SRX and 99.co. This shift indicates a robust demand for resale condos despite a decrease in transaction volumes.
Stocks to Watch
$Koh Bros (K75.SG)$ announced that its subsidiary has been awarded a S$313.9 million contract by the Land Transport Authority to design and construct a bus depot in Lorong Halus. The project is set to commence on January 6, 2025, with an expected completion by 2029. This new contract boosts the group's current order book to approximately S$899.7 million. Following the news, Koh Brothers' shares rose by 2.3%, closing at S$0.044 on Tuesday.
$ComfortDelGro (C52.SG)$ announced it will be raising platform fees for its ride-hailing app Zig starting January 1, 2025. The adjustment will see fees increase by S$0.30 to S$0.50, varying based on the distance traveled and waiting times. This change comes as part of a broader trend among taxi and ride-hailing services adjusting their fee structures. Following the announcement, ComfortDelGro's shares dropped slightly by 0.7%, closing at S$1.44.
$Cromwell Reit EUR (CWBU.SG)$ will undergo a name change to Stoneweg European Reit effective from January 2, 2025. This announcement follows the completion of a significant acquisition by Stoneweg Icona Capital Platform, which along with its subsidiaries and associates, has become the new sponsor and substantial unitholder. The acquisition deal was valued at 280 million euros (approximately S$395.5 million). Prior to this news, units of Cromwell E-Reit were trading unchanged at 1.59 euros.
Share Buy Back Transactions
Due to the Christmas holiday closure yesterday, only the Share Buy Back Transactions information from December 24th is displayed.
Source: Business Times, SGinvestors.io, Business Review
Dear Mooers,
In our quest to offer more international, higher quality, and comprehensive content, we are currently enhancing our morning newsletter. If you have any suggestions for improving this section, please do not hesitate to share them with us. We are eager to hear your thoughts.
In this festive season of Christmas, we wish you all a joyful holiday!![]()
Warm regards,
Moomoo SG News Team
Moomoo SG News Team
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
Read more
Comment
Sign in to post a comment
Alice Lim choo :