Singapore shares rose this week, with the STI up 1.2%.
In terms of individual stocks, $HongkongLand USD(H78.SI)$ rose 7%, $HPH Trust USD(NS8U.SI)$, $AvePoint(AVP.SI)$ and $Top Glove(BVA.SI)$ rose 5%, $IFAST(AIY.SI)$ rose 4%; while $Keppel Reit(K71U.SI)$ fell 8%, $Centurion(OU8.SI)$ and $YZJ Maritime(8YZ.SI)$ fell 3%, and $DFIRG USD(D01.SI)$ and $SIA Engineering(S59.SI)$ fell 2%.
Market News
Hongkong Land to Launch $6 Bln Private Real-Estate Fund
Property group Hongkong Land said it will launch a more than US$6 billion private real-estate fund, sending shares in the Singapore-listed company higher.
The Singapore Central Private Real Estate Fund is expected to be the largest private real-estate fund in the country, with more than 8 billion Singapore dollars, equivalent to US$6.19 billion, in assets under management at inception, the company said Friday.
Top Glove Returns to Attributable Profit in Fiscal 2025
Top Glove booked an attributable profit to owners of 105.3 million ringgit for the fiscal year ended Aug. 31, against an attributable loss of 64.9 million ringgit a year earlier, according to a Tuesday filing with the $Singapore Exchange(S68.SI)$.
Earnings per share came in at 0.0131 ringgit, compared with a loss per share of 0.0081 ringgit in the comparable period.
Keppel REIT takes on a major acquisition
Keppel REIT is acquiring an additional one-third interest in Marina Bay Financial Centre Tower 3 for approximately S$908 million, bringing its total stake to two-thirds.
Completion is scheduled for 31 December 2025. The agreed property value of S$1.453 billion represents a 1% discount to the independent valuation of S$1.467 billion.
$(H78.SI)$ $(NS8U.SI)$ $(AVP.SI)$ $(BVA.SI)$ $(K71U.SI)$
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