Latest / Your Way Home with Hongbin Jeong
Market View: US Fed raised rate on emergency loan programme; Elon Musk on Chinese EV makers; China cuts reserve requirement ratio for banks; S-Reits - Mapletree Logistics Trust, Suntec Reit, ESR-Logos Reit, OUE Commercial Reit, Frasers Centrepoint Trust
Singapore stocks slipped in the first few minutes of trade today, led by declines by real estate investment trusts and other index counters. That’s as investors await a slew of earnings in the coming weeks. In early trade, Straits Times Index headed down 0.2 per cent to 3,148.54 points, after 33.9 million securities changed hands in the broader market. In terms of companies to watch, we have Mapletree Logistics Trust. The trust manager announced a 1.2 per cent year-on-year rise in distribution per unit on the back of a resilient portfolio, contributions from acquisitions and divestment gains…
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