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  • Daily Markets Briefing: STI down 0.48%
    by Staff Reporter on September 21, 2020 at 10:00 pm

    Uploaded By:  Janine Ballesteros Submitted By:  Janine Ballesteros Case Study:  No Medtecs International saw the sharpest decline amongst top active stocks with a 5.61% contraction. The Straits Times Index ended 12 or 0.48% lower at 2,485.71. The top active stocks were Medtecs International, which dropped 5.61%, DBS, which slid 0.3%, OCBC Bank, which fell 0.35%, Wilmar International, which slipped 0.46%, and UOB with a 0.05% contraction. The FTSE Mid Cap edged down 1.11%, whilst the FTSE Small Cap dipped 1.02%.  

  • Chart of the Day: DCM underwriting fees down 39.5%
    by Staff Reporter on September 21, 2020 at 10:00 pm

    Uploaded By:  Alyssa Divina Submitted By:  Staff Reporter Case Study:  No Primary bond offerings declined 24.6% compared to a year ago. This chart from Refinitiv shows that debt capital market underwriting fees reached $121.38m (US$89.3m) in the first eight months of the year, a 39.5% decline compared to the same period a year ago. Primary bond offerings from Singapore-domiciled issuers declined 24.6% compared to a year ago, to total almost $26.51b (US$19.5b) so far this year. This is the lowest first nine-month period since 2015, when it reached only $22.6b (US$15.2b). read more

  • Straits Organization rebrands to ST Hospitality
    by Staff Reporter on September 21, 2020 at 8:02 am

    Uploaded By:  Frances Gagua Submitted By:  Frances Gagua Case Study:  No Former Ascendas Hospitality Trust CEO Tan Juay Hiang has been appointed as senior adviser. F&B player Katrina Group’s wholly-owned subsidiary Straits Organization has rebranded to ST Hospitality, a press release said. In the same announcement, ST Hospitality shared plans for more property launches in Singapore and overseas. The company currently runs ST Residences, a serviced apartments brand, and ST Signature, which manages smart co-living hotels. read more


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