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Market View: Singapore’s NODX falls for 11th straight month; KKR to acquire 20% stake in SingTel; CapitaLand Investment buys property in Anseong, South Korea; SIA and Scoot flies fewer passengers in August
Singapore shares opened flat today after weaker export data clashed with news of a mixed performance on global stock markets. Data from Enterprise Singapore showed non-oil domestic exports slid 20.1 per cent in August, marking the 11th straight month of contraction. In terms of companies to watch for today, we have Singtel, after a fund managed by global investment firm KKR is committing up to S$1.1 billion for a 20 per cent stake in Singtel’s regional data centre business. Meanwhile from more on CapitaLand Investment to a deep dive into Singapore Airlines’ operating statistics for August…
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