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

• Singapore stocks slide at Friday's open; STI down 0.1%

• Singapore's high real yields seen drawing buyers after selloff

• Temasek's ABC World Asia invested S$98m across five companies in 2020

• Stocks to watch: Mapletree Logistics Trust, GL, Jardine Strategic, Yanlord, Matex

-Moomoo News SG

Market Trend

Singapore stocks opened lower on Friday morning, mirroring the lower market close on Wall Street.

$FTSE Singapore Straits Time Index(.STI.SG)$ fell 0.1 percent or 3.95 points to 3,133.71 as at 9.01 am. Decliners outnumbered gainers 81 to 54 after 100.3 million securities worth S$101.4 million changed hands.

Breaking News

Singapore's high real yields seen drawing buyers after selloff

The underperformance of Singapore-dollar bonds is making way for buyers to return as the nation now offers the highest real yields among top-rated countries.

Singapore's bonds were sold off in mid-February after the government announced plans to sell additional debt to finance infrastructure projects in the city state. The nation's inflation-adjusted 10-year yield now offers a 62 basis points upside, compared to negative spreads for most other AAA-rated countries.

Temasek's ABC World Asia invested S$98m across five companies in 2020

Temasek-Backed ABC World Asia, a Singapore-based private equity (PE) fund focused on impact investing in Asia, on Thursday said it deployed S$98 million to five companies in 2020, after evaluating over 200 opportunities.

The selected companies are Singapore-based solar firm Sunseap Group, Australia plant-based meat company v2food, Vietnam oral healthcare firm Kim Dental, China rural microfinance firm CD Finance, and India-based agri-tech platform CropIn.

Stocks to watch

$Mapletree Log Tr(M44U.SG)$: The real estate investment trust has completed the acquisition of five freehold logistics properties in South Korea for 280 billion won (S$334.8 million). Units of MLT rose 1.1 per cent or S$0.02 to S$1.91 at Thursday close, before the filing was made.

$GL(B16.SG)$: The Guoco Group unit looking to take hotel operator GL private intends to exercise its right of compulsory acquisition, after the number of valid acceptances it received crossed the 90 per cent mark as at 6pm on Thursday. The offer remains open until 5.30pm on April 1. Shares of mainboard-listed GL closed flat at S$0.80 on Thursday.

$JSH USD(J37.SG)$Jardine Strategic Holdings: The Securities Investors Association (Singapore) is arranging for individual shareholders of the company that are against the acquisition of the company by Jardine Matheson Holdings to connect with institutional shareholders, to be collectively represented by Bermuda lawyers. Jardine's counter rose 1.1 per cent or S$0.35 to S$33.30 on Thursday.

$Yanlord Land(Z25.SG)$: The real estate developer has been given an outlook rating of "stable" by S&P Global Ratings, an improvement from its "negative" rating previously, according to S&P Global Ratings' analytical report the mainboard-listed company filed with the Singapore Exchange on Thursday. The counter rose 1.7 per cent or S$0.02 to S$1.19 on Thursday, before the report was filed.

$Matex Intl(M15.SG)$: The Catalist-listed company is in discussion with a third party on a possible sale of some assets with the objective of enhancing shareholders' value. However, it is not confirmed that the transaction will be completed even after an agreement has been inked. Matex closed at 2.8 Singapore cents, up by 0.1 cent or 3.7 per cent.

$Singapore O&G(1D8.SG)$: The Catalist-listed firm is establishing a postpartum confinement centre in Johor. Under a newly-formed venture, the company will pump in RM1.96 million (S$640,000) for a 49 per cent stake and two board seats. The venture is not expected to change the risk profile of the group. The counter closed at S$0.26, up 2 per cent or half a cent before the venture was announced.