SG Morning Highlights | CapitaLand China Trust Appoints New CEO

Moomoo News SG wrote a column · Dec 9 09:06

SG Morning Highlights | CapitaLand China Trust Appoints New CEO

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

● Singapore shares opened lower on Monday; STI down 0.23%

● Singapore Tops Global Public Administration Index

● Lukewarm Response to Green Shipping Among Singapore SMEs

● Stocks to watch: CapitaLand China Trust, Lendlease Global Commercial Reit, etc.

● Latest share buy back transactions

– Moomoo News SG

Market Snapshot

Singapore shares opened lower on Monday. The $FTSE Singapore Straits Time Index (.STI.SG)$ 0.23 percent to 3787.59 as at 9:04 am.

Advancers / Decliners is 47 / 63, with 29.08M securities worth S$46.96M changing hands.

Breaking News

Singapore Tops Global Public Administration Index

Singapore has achieved first place in the Blavatnik Index of Public Administration, outperforming countries like Norway, Canada, Denmark, and Finland. The city-state excelled in two key domains of the index: Public Policy and National Delivery, where it shared the top spot with Finland. Additionally, Singapore ranked fifth in Strategy and Leadership, tied with the United States, and fourth in the People and Process domain, alongside Canada and Denmark, following Norway, Estonia, and New Zealand.

Lukewarm Response to Green Shipping Among Singapore SMEs

Only 23% of Singapore's small and medium-sized enterprises (SMEs) are "extremely willing" or "very willing" to invest more in sustainable shipping, which is below the global average of 29%, according to a DHL sustainability survey. While nearly half (45%) of these SMEs are only "slightly willing" to pay extra for eco-friendly shipping options, 20% are "not very willing" or "not at all willing" to spend more. Despite this, a significant 77% of Singapore SMEs recognize sustainability as "extremely important" or "very important." The survey polled 5,437 SME decision-makers across industries in 11 countries, including Singapore.

Stocks to Watch

$CapLand China T (AU8U.SG)$ has announced the appointment of Gerry Chan as CEO and executive non-independent director effective January 1, 2025. Previously named deputy CEO on September 1, Chan's promotion is part of a regular leadership renewal strategy. He will replace Tan Tze Wooi, who will take on a role as a non-executive non-independent director. CLCT units ended at S$0.715, down 0.7%.

$Lendlease Reit (JYEU.SG)$ has secured up to S$760 million in sustainability-linked loans, including a senior unsecured loan of up to S$420 million, which has an accordion feature allowing an increase of up to S$200 million, and another loan for up to S$140 million. These funds will refinance existing debts. Unit prices closed at S$0.56, down by 0.9%.

$StarHub (CC3.SG)$ is under investigation by the Infocomm Media Development Authority for not verifying identities during Giga e-SIM transfers. The oversight, which led to unauthorized access to a customer’s phone line and sensitive data, has prompted regulatory scrutiny. StarHub shares remained unchanged at S$1.22.

Share Buy Back Transactions