Market View: Possible IPOs in Hong Kong- Alibaba’s Cainiao Network Technologies; JD.com units filed for IPOs; Singapore stock market wrap

Your Way Home with Hongbin Jeong · Mar 31, 2023 · 10m

Singapore stocks rose early on after global indices rallied overnight. The Straits Times Index rose 0.1 per cent in early trade to 3,260.51 points after 38.8 million securities changed hands in the broader market. In terms of companies to watch today, we have Mapletree Logistics Trust, after the Reit manager said yesterday that Mapletree Logistics Trust is in the process of buying eight Asia-Pacific assets for over S$900 million. Elsewhere, Alibaba’s Cainiao Network Technology is reportedly preparing for a listing in Hong Kong. JD.com also came up to say that two of its subsidiaries had filed…