SG Morning Highlights: Singapore's February retail sales down 3.4%, first time in six months
Good morning moomooers! Here are things you need to know about today's Singapore:
●Singapore shares opened lower on Wednesday; STI down 0.29%
●Singapore's February retail sales down 3.4%, first time in six months
●Stocks to watch: SIA Engineering, CapitaLand Investment, Oxley, Yeo Hiap Seng, Jumbo, Hatten Land
-Moomoo News SG
●Singapore shares opened lower on Wednesday; STI down 0.29%
●Singapore's February retail sales down 3.4%, first time in six months
●Stocks to watch: SIA Engineering, CapitaLand Investment, Oxley, Yeo Hiap Seng, Jumbo, Hatten Land
-Moomoo News SG
Market Trend
Singapore shares opened lower on Wednesday. The $富時新加坡海峽指數(.STI.SG)$decreased 0.29 per cent to 3,435.02 as at 9.05am.
Advancers / Decliners is 51 to 104, with 63.17 million securities worth S$95.06 million changing hands.
Breaking News
Singapore's February retail sales down 3.4%, first time in six months
Singapore's total retail sales value fell by 3.4% y-o-y to a total value of $3.2 billion in February, making this the first contraction in six months.
Singapore's February retail sales down 3.4%, first time in six months
Singapore's total retail sales value fell by 3.4% y-o-y to a total value of $3.2 billion in February, making this the first contraction in six months.
Excluding motor vehicles, total retail sales fell by 1.8% y-o-y to $2.8 billion during the same month.
On a seasonally adjusted m-o-m basis, total retail sales fell 1.2% while sales fell 1.0% y-o-y sans motor vehicles.
Of the total value, 13.6% of the sales took place online, higher than the 12.4% recorded in January. Excluding vehicles, the number of online sales stood at 15.5%
Stocks to Watch
$新航工程 (S59.SG)$ : SIA Engineering (SIAEC) has signed a non-binding Memorandum of Understanding (MOU) with Impeccable Vintage Properties (IVP) – a wholly-owned subsidiary of Malaysia’s sovereign wealth fund Khazanah – to potentially lease two hangars.
Agreeing, Arham Abdul Rahman, CEO of the Malaysian Investment Authority said that the MOU would boost the growth of Malaysia’s cost competitive aerospace ecosystem.
Shares in SIAEC closed up 6 cents or 2.3% at $2.68 on Apr 5, before the announcement.
$凱德投資 (9CI.SG)$ :The real estate investment manager will be issuing S$400 million senior notes under a S$6 billion euro medium term note programme. They will be issued at par on Apr 12 at a fixed interest rate of 3.33 per cent per annum, and will mature in 2027.
$豪利 (5UX.SG)$ : Property developer Oxley Holdings has issued S$50 million worth of notes with a fixed interest rate of 6.9 per cent that are due in July 2024.
$新航工程 (S59.SG)$ : SIA Engineering (SIAEC) has signed a non-binding Memorandum of Understanding (MOU) with Impeccable Vintage Properties (IVP) – a wholly-owned subsidiary of Malaysia’s sovereign wealth fund Khazanah – to potentially lease two hangars.
Agreeing, Arham Abdul Rahman, CEO of the Malaysian Investment Authority said that the MOU would boost the growth of Malaysia’s cost competitive aerospace ecosystem.
Shares in SIAEC closed up 6 cents or 2.3% at $2.68 on Apr 5, before the announcement.
$凱德投資 (9CI.SG)$ :The real estate investment manager will be issuing S$400 million senior notes under a S$6 billion euro medium term note programme. They will be issued at par on Apr 12 at a fixed interest rate of 3.33 per cent per annum, and will mature in 2027.
$豪利 (5UX.SG)$ : Property developer Oxley Holdings has issued S$50 million worth of notes with a fixed interest rate of 6.9 per cent that are due in July 2024.
These notes are its third tranche in a series, issued under a US$1 billion guaranteed euro medium term note programme, said the company in a bourse filing on Tuesday (Apr 5) evening.
This third tranche is to be consolidated to form a single series with the first and second tranche, both of which were issued last year, under the same programme.
$楊協成 (Y03.SG)$ : Beverage manufacturer Yeo Hiap Seng (Yeo's) announced Tuesday (Apr 5) that it has retrenched 32 employees in Singapore under its long-term plan to transform its global business.
In a bourse filing, the heritage brand said it is changing its business model in Singapore due to changing consumer patterns and retail conditions as well as increasing cost pressures.
"This was a very difficult decision for us to make. The changing market conditions and cost inflation meant that the group has had to evolve our business service model to be more efficient," said Yeo's Group chief executive Samuel Koh.
$珍寶餐飲集團 (42R.SG)$ : Restaurant operator Jumbo Group announced on Tuesday (Apr 5) it has opened 2 new Kok Kee Wanton Noodle stalls in Singapore - bringing the total number of outlets to 8.
$珍寶餐飲集團 (42R.SG)$ : Restaurant operator Jumbo Group announced on Tuesday (Apr 5) it has opened 2 new Kok Kee Wanton Noodle stalls in Singapore - bringing the total number of outlets to 8.
Jumbo had acquired a 75 per cent stake in Kok Kee - known for its springy noodles in a special lard-based sauce - in December 2020.
The newest stall - located in a food court at the Lazada One Building along Bras Basah Road - was officially opened on Tuesday, while another stall at a coffee shop at Bedok North Avenue 3 was opened on Mar 16.
$VGO企業 (PH0.SG)$ : Hatten Land's new partner has already delivered 80 per cent, or 40 of the pilot batch of 50 Bitmain Antminer S19J Pro crypto mining rigs originally due end-April.
$VGO企業 (PH0.SG)$ : Hatten Land's new partner has already delivered 80 per cent, or 40 of the pilot batch of 50 Bitmain Antminer S19J Pro crypto mining rigs originally due end-April.
In response to queries from the Singapore Exchange (SGX), Hatten Land on Tuesday (Apr 5) said the first 40 pilot batch machines have since been installed and are now operating smoothly, mining Bitcoins continually and around the clock on an automated basis.
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