SG Morning Highlights | Navigating Uncertain Waters: Singapore's 2024 Economic Prospects Amid Global Headwinds

Moomoo News SG wrote a column · Jan 3, 2024 09:06

SG Morning Highlights | Navigating Uncertain Waters: Singapore's 2024 Economic Prospects Amid Global Headwinds

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

●Singapore shares opened lower on Wednesday; STI down 1.00%

●Singapore's 2023 GDP Grows 1.2%, Surpassing Forecasts

●New SIRB Unlikely to Dampen Singapore's 2024 Investment Appeal

●Stocks to watch: Amara

●Latest share buy back transactions

-moomoo News SG

Market Trend

Singapore shares opened lower on Wednesday. The $FTSE Singapore Straits Time Index (.STI.SG)$ drop 1.00 percent to 3,197.74 as at 9.03 am.

Advancers / Decliners is 49 to 106, with 106.44 million securities worth S$73.32 million changing hands.

Breaking News

Singapore's 2023 GDP Grows 1.2%, Surpassing Forecasts

Singapore concluded 2023 with economic growth that exceeded expectations, largely due to a strong performance in the fourth quarter. However, economists caution that the country's recovery path for 2024 is clouded by persistent global challenges. Factors such as high interest rates in the US and Europe, ongoing geopolitical tensions pose significant risks to external demand.

New SIRB Unlikely to Dampen Singapore's 2024 Investment Appeal

Singapore's 2024 foreign investment landscape is expected to remain robust, even as the Significant Investments Review Bill (SIRB) comes into play. Experts suggest that the bill, which focuses on critical entities, will keep most of the market accessible to foreign investors, reinforcing the country's position as an attractive investment hub.

Stocks to Watch

$Amara (A34.SG)$: Amara Holdings has postponed the deadline for its final cash offer to shareholders to 5.30pm on January 16, a fortnight beyond the initial closing date of January 2. The offer, made by the controlling family through Amethyst Assets, stands at 60 cents per share since November 14, 2023. By December 29, Amethyst Assets had secured valid acceptances for 497.5 million shares, representing 86.53% ownership of Amara. As of 2.10 pm, Amara's shares were steady at the offer price of 60 cents.

Share Buy Back Transactions

Source: Business Times, SG investors

Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more

Translate

Report

19K Views

Comment

Moomoo News SG

Moomoo News Official Account

12K

Followers

Following

214K

Visitors