17Jan

Singapore shares open higher on Thursday, STI up 0.12% to 3,233.09

SINGAPORE stocks opened higher on Thursday, with the Straits Times Index progressing 3.98 focuses, or 0.12 percent to 3,233.09 as at 9.05am.

Gainers dwarfed failures 67 to 32, after about 38.1 million offers worth S$80.3 million changed hands.

The most effectively exchanged stock was restorative arrangements supplier QT Vascular, which rose 0.1 Singapore penny to 0.8 Singapore penny with 4.2 million offers evolving hands.

Other dynamic stocks included Genting Singapore, which rose 0.93 percent, or one Singapore penny to S$1.09, and Singtel which exchanged level at S$3.06, with about 2.1 million offers exchanged.

Stocks to watch: Keppel-KBS US Reit, Sunrise Shares, First Reit,

Keppel-KBS US Reit: The land speculation trust reported on Thursday that it has finished the obtaining of Maitland Promenade I, an office property situated in the Maitland sub-market of Orlando, Florida, for US$48.5 million from The Realty Associates Fund X. Maitland Promenade I has a net lettable zone of 230,371 square feet, with a submitted inhabitance rate of 98.1 percent as at Oct 25, 2018. Its offers rose US$0.005 or 0.77 percent to close at US$0.655 on Wednesday.

Dawn Shares: The offer for the electrical items dealer and wholesaler has been made genuine, while the end date has been stretched out to Feb 7. In December, Hong Kong-based specialist Wong Siu Fai gained a 90 percent stake in Quality Able, which holds a 4.49 percent stake in Sunrise Shares, for S$122,400. Counting his direct and esteemed stake of 29.73 percent at the time, this pushed his absolute stake past the 30 percent edge, setting off the prerequisite for a general offer for whatever is left of the organization’s offers. He has made an offer of S$0.017 per share. Dawn shares last shut level at S$0.017 on Jan 7.

First Reit: The land speculation trust’s final quarter dispersion per unit (DPU) remained level at 2.15 Singapore pennies for the three months finished Dec 31, 2018, unaltered from a year back. This is payable on Feb 28, 2019. Net income went up 2.7 percent to S$29.3 million, upheld by commitments from new properties gained in FY2017 – Siloam Hospitals Buton and Lippo Plaza Buton and Siloam Hospitals Yogyakarta. This lifted net property pay up 1.9 percent to S$28.5 million. The distributable sum went up 1.4 percent to S$17 million. Its offers shut down one Singapore penny at S$1.03 on Wednesday.

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