In today’s briefing:
- Tariff Doesn’t List Tire But Throws US Auto Industry Into A Tizzy
- REIT Watch – S-REITs record net institutional inflows in March as sector snaps 5-month losing streak
- PSL Becomes Uni-Asia Substantial Shareholder; Oceanus Group’s Peter Koh Adds to Stake
Tariff Doesn’t List Tire But Throws US Auto Industry Into A Tizzy
- White House said on March 26 that the 25% tariff would be applied to imported passenger vehicles
- Annexe II, which refers to tariff exclusions, mentions rubber
- Stellantis halts its Canada, Mexico production
REIT Watch – S-REITs record net institutional inflows in March as sector snaps 5-month losing streak
- Institutional investors rotated into S-REITs with S$26 million net inflows on April 3 amid market volatility.
- S-REITs ended Q1 2025 with 2.8% total returns, driven by a 5.0% price gain in March.
- Franklin Resources acquired 5.06% interest in Digital Core REIT, buying 969,800 units at US$0.577 each.
PSL Becomes Uni-Asia Substantial Shareholder; Oceanus Group’s Peter Koh Adds to Stake
- Institutions were net buyers of Singapore stocks with S$76 million inflow, reversing prior S$170 million outflow.
- 19 companies conducted buybacks totaling S$65 million; DBS Group Holdings led with 730,000 shares at S$45.89 each.
- Precious Shipping became a substantial shareholder in Uni-Asia Group, raising its stake above 5% through Unity Ventures.
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