TSLA
Tesla
-- 462.280 NVDA
NVIDIA
-- 140.220 PLTR
Palantir
-- 82.380 AMD
Advanced Micro Devices
-- 126.290 MSTR
MicroStrategy
-- 358.180 SG Morning Highlights | TikTok-GoTo Partnership Relieves Burden on Indonesian Group, Puts Pressure on Sea, Say Analysts
Good morning mooers! Here are things you need to know about today's Singapore:
●Singapore shares opened higher on Wednesday; STI up 0.11%
●First-timers' median application rate below one in December BTO exercise
●TikTok-GoTo partnership takes away Indonesian group's burden, pressures Sea: analysts
●Stocks to watch: ST Engineering, StarHub, Sembcorp, MLT
●Latest share buy back transactions
-moomoo News SG
Market Trend
Singapore shares opened higher on Wednesday. The $FTSE Singapore Straits Time Index (.STI.SG)$ rose 0.11 per cent to 3,105.80 as at 9.13 am.
Advancers / Decliners is 81 to 56, with 96.19 million securities worth S$97.64 million changing hands.
Breaking News
First-timers' median application rate below one in December BTO exercise
Four- and five-room flats in Woodlands, and four-room flats in Sin Ming were the most popular among first-timer families in the latest Build-To-Order (BTO) sales exercise. Those projects aside, demand was muted overall across the other projects in December's exercise, with the Housing Board noting that the vast majority of first-time applicants will have an "assured chance" to book a flat. The median application rate for first-time applicants for three-room and larger flats was below one as at 5.00 pm on Dec 11, HDB said in a statement.
TikTok-GoTo partnership takes away Indonesian group's burden, pressures Sea: analysts
The partnership between TikTok and GoTo will hurt Sea's margin, but relieve the Indonesian tech giant's cash-burning burden, said analysts on Monday (Dec 11). DBS Group Research has slashed the target price for Shopee owner Sea to US$42 from US$62 with a downgrade to "hold" from "buy". This was following the deal announcement, as the research house expects Shopee to suffer greater losses amid heightened competition in e-commerce space. DBS analyst Sachin Mittal revised down the forecasts of adjusted earnings before interest, taxes, depreciation, and amortisation (Ebitda) of Sea's e-commerce business. He expects losses for FY2024 to widen by 25.1 per cent as compared to the previous year
Stocks to Watch
$ST Engineering (S63.SG)$ & $StarHub (CC3.SG)$: ST Engineering announced that its Cyber business, ST Engineering Info-Security Pte. Ltd., has entered into an agreement to acquire 100% of the issued shares of D'Crypt Pte. Ltd. (D'Crypt) from Keele Investments Pte. Ltd., an indirect subsidiary of Starhub Ltd, for a cash-free and debt-free purchase consideration of $67.5m, subject to certain conditions precedent and customary post-completion adjustments.
$Sembcorp Ind (U96.SG)$: Sembcorp has been awarded a 117 megawatt-peak (MWp) project to "solarise" interim vacant land and the rooftops of five buildings on Jurong Island. The agreement is between JTC and a wholly-owned Sembcorp unit, Sembcorp Solar Singapore, and is not expected to have a material impact on Sembcorp’s earnings per share and net tangible assets per share for the year ending Dec 31, 2023. The tender is the largest project by capacity awarded by a public-sector agency in Singapore to date, said Sembcorp in a bourse filing on Tuesday (Dec 12) evening.
$Mapletree Log Tr (M44U.SG)$: Mapletree Logistics Trust (MLT) is proposing to acquire a Grade A warehouse at Farukhnagar, which is within the Delhi National Capital Region in India, for 900 million rupees (S$14.5 million). This represents a 2.4 per cent discount to the asset’s independent valuation of 922 million rupees as at Oct 31. Its acquisition by MLT is slated to be completed in Q4 FY2024 and will be 100 per cent funded by debt, announced its manager on Wednesday (Dec 13).
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
Comment
Sign in to post a comment