In today’s briefing:
- IFC’s US$I25 Million Boost To Tire Manufacturing In India, Pakistan
- LHN Led 5-Year Returns Among Latest Catalist-to-Mainboard Graduates
- REIT Watch – Industrial S-REITs operating performance remain resilient, with positive rental reversions in 2024
- Huationg Global’s Patrick Ng enhances stake amid robust business prospects
IFC’s US$I25 Million Boost To Tire Manufacturing In India, Pakistan
- Greenfield tire production facility to come up in Sindh, Pakistan
- JK Tyre to get US$100 million sustainability loan for expansion
- Sustainability-linked loan a first in India’s tire industry
LHN Led 5-Year Returns Among Latest Catalist-to-Mainboard Graduates
- The five most recent Catalist-to-Mainboard graduates span different sectors and achieved 9.4% median annualised total return over five years.
- LHN led with a 41% annualised total return, followed by Grand Venture Technology with a 28% annualised total return, while Rex International saw a 4% decline in annualised total return over the five years.
- LHN also recorded the highest 5-year total returns among the five stocks, with an annualised total return of 41.4%, which includes the 2.0% gain over the past four weeks.
REIT Watch – Industrial S-REITs operating performance remain resilient, with positive rental reversions in 2024
- Industrial REITs listed on SGX Market Cap (S$B) 12-Month Distribution Yield (%) Sabana Industrial REIT reported positive rental reversion of per cent for 4Q 2024, while its full year rental reversion rose to 20.6 per cent, its fourth consecutive year of double-digit positive rental reversion.
Huationg Global’s Patrick Ng enhances stake amid robust business prospects
- Over the five trading sessions from Jan 17 to Jan 23, institutions were net sellers of Singapore stocks, leading to net institutional outflow of S$393 million, adding to the S$184 million net outflow over the preceding five sessions.
- Stocks that led the net institutional outflow over the five sessions through January 16 were DBS Group Holdings, CapitaLand Investment, Oversea-Chinese Banking Corp, CapitaLand Ascendas REIT, Yangzijiang Shipbuilding Holdings, SATS, Keppel, Mapletree Industrial Trust, CapitaLand Integrated Commercial Trust, and Singapore Telecommunications.
- As of Jan 23, Top Glove Corporation Bhd recorded the eighth highest net institutional inflow in the Singapore stock market for the month.
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