Market View: Sabana Industrial Real Estate Investment Trust’s partial offer by Volare Group declared unconditional; Fitch Ratings downgraded Lippo Malls Indonesia Retail Trust to CCC; Japan’s economy narrowly avoided recession in 4Q; Clues from US Federal Reserve’s Beige Book; Jobs report expectations; Likelihood of 50bps Fed rate hike in March

Your Way Home with Hongbin Jeong · Mar 9, 2023 · 10m

Singapore shares opened on a positive note today after Wall Street equities ended mixed overnight. The Straits Times Index gained 0.2 per cent in early trade to 3,231.92 points after 40.1 million securities changed hands. In terms of companies to watch, we have Sabana Industrial Real Estate Investment Trust. That’s because a partial offer by Volare Group to acquire an additional 10 per cent of the Reit has been declared unconditional in all respects. We’re also tracking Lippo Malls Indonesia Retail Trust after Fitch Ratings downgraded the trust’s long-term issuer default ratings from CCC+ to…