Latest / Your Way Home with Hongbin Jeong
Market View: Singapore’s inflation numbers; CapitaLand Ascendas Reit’s higher average rental rate, Keppel Reit’s net property income up 7.2% yoy in Q1; Gojek, ComfortDelGro Taxi to dispatch untaken ries to each other’s platform; Bubble tea craze vs Chabaidao’s nearly 40% slump in HK debut; Reuters report on Chinese entities acquiring advanced Nvidia chips in server products made by Super Micro Computer, Dell, Gigabyte Technology
Singapore stocks opened stronger today following overnight gains on global markets as easing tensions in the Middle East boosted investor confidence. In early trade, the Straits Times Index (STI) rose 1 per cent to 3,258.07 points after 76.6 million securities changed hands in the broader market. In terms of companies to watch, we have CapitaLand Ascendas Reit. Its manager yesterday reported a higher average rental rate of 16.9 per cent for leases renewed in the first quarter of 2024, up from 15.2 per cent in the previous quarter. Elsewhere, from a media report on how China acquired recently…
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