Latest / Your Way Home with Hongbin Jeong
Market View: CDL’s acquires hotel in Osaka for 8.5b yen; Keppel Reit to replace Olam Group on STI Reserve list; Chinese stocks in Hong Kong jumped on more property support measures; Tencent, Xiaomi mobile app stores in China vs app publisher; US August non-farm payrolls, Goldilocks scenario
Singapore shares began trading in the green as traders returned from a holiday-shortened week. In early trade, the Straits Times Index (STI) rose 0.2 per cent to 3,239.56 points after 139.6 million securities changed hands in the broader market. In terms of companies to watch for today, we have City Developments Limited. That’s after the property developer announced on Thursday that it had acquired a hotel in Osaka, Japan, for 8.5 billion yen (S$78.5 million). Meanwhile, from Keppel Reit replacing Olam Group on the STI reserve list at the start of business on the 18th of September, to a…
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