In today’s briefing:
- Indian Rubber Prices Soar As Rubber Board Prepares For EUDR
- REIT Watch – S-REITs surge as banks decline; see beginnings of a rebound
- Daniel Lim Increases Stake in Hosen Group
Indian Rubber Prices Soar As Rubber Board Prepares For EUDR
- Prices crosses the magical level of INR 200/kg after five months
- Supply short but farmers who stock and didn’t rainguard benefit
- Rubber Board starts geo-mapping of rubber plantations
REIT Watch – S-REITs surge as banks decline; see beginnings of a rebound
- S-REITs recorded net institutional inflows of S$42 million, reversing nearly seven weeks of net outflows.
- CapitaLand Integrated Commercial Trust’s FY24 AUM grew 6%, with NPI up 3.4% and rental reversion increases.
- The US Federal Reserve maintained interest rates at 4.25-4.5%, lowered 2025 growth forecast, and raised inflation projection.
Daniel Lim Increases Stake in Hosen Group
- Net institutional outflow for Singapore stocks narrowed to S$18 million from March 14-20, totaling S$1.47 billion YTD.
- Oversea-Chinese Banking Corporation led share buybacks with 1.05 million shares at S$16.85 each, totaling S$29.8 million.
- Hosen Group’s FY24 revenue increased 8.1% to S$72.75 million, with net profit doubling to S$1.974 million.
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