SG Morning Highlights | 19 Companies Conduct Share Buybacks Worth S$39M; CapitaLand Investment Leads Tally

Singapore shares opened lower on Monday. The $FTSE Singapore Straits Time Index (.STI.SG)$ lost 0.17 per cent to 3,056.70 as at 9.08 am.

$CapLand Ascendas REIT (A17U.SG)$: CapitaLand Ascendas Reit (Clar) reported on Friday (Oct 27) a slight increase in portfolio occupancy for its third quarter, as it also continued to register positive portfolio rental reversions. Portfolio occupancy as at Sep 30, 2023, rose to 94.5 per cent, from 94.4 per cent three months earlier, the manager said in a business update filed on the Singapore Exchange. No details on revenue or distributions were provided in the third-quarter update.

$StarhillGbl Reit (P40U.SG)$: Starhill Global Reit reported net property income (NPI) of S$37.4 million for the first quarter ended Sep 30, 2023, up 0.4 per cent from S$37.2 million a year earlier. This was due mainly to higher contributions from Starhill’s properties in Singapore and from the Myer Centre Adelaide mall in Australia, the manager said in a business update on Friday (Oct 27).

$Sheffield Green (SGR.SG)$: The initial public offering of Sheffield Green closed with 24 million of its new shares fully subscribed at S$0.25 a piece. The human resources provider of the renewable energy sector said on Friday (Oct 27) that the 3.6 million shares offered in the public tranche received about 4.9 million valid applications. This translates to a subscription rate of 1.4 times. All 20.4 million shares in the private placement tranche were also fully alloted.