Daily BriefsSingapore

Daily Brief Singapore: LHT Holdings, SPH REIT and more

In today’s briefing:

  • LHT’s Yap Mui Kee takes interest above 16%
  • REIT Watch – S-Reits confirm schedule for latest results and updates

LHT’s Yap Mui Kee takes interest above 16%

By Geoff Howie

  • FOR the five trading sessions that spanned Oct 14 to 20, the Straits Times Index (STI) declined 0.6 per cent, with the Hang Seng Index falling 1.4 per cent and the FTSE Bursa Malaysia KLCI gaining 3.1 per cent.
  • Overall, institutions were net sellers of Singapore stocks for the five sessions ended Oct 20, with close to S$40 million of net outflows.
  • On Oct 18, LHT Holdings managing director, Yap Mui Kee, acquired 460,700 shares at 70 cents per share.

REIT Watch – S-Reits confirm schedule for latest results and updates

By Geoff Howie

  • REIT Watch – S-REIT earnings and updates schedule for this reporting season Some 33 S-Reits and property trusts have confirmed dates of their upcoming financial results or business updates for this reporting season, with SPH Reit 0% kicking off the release of its full year FY22 financial results, along with Sabana Industrial Reit’s +1.28% Q3 FY22 business update.
  • Sabana Industrial Reit updated that it reached portfolio occupancy levels of 89.1 per cent, a new high since Q3FY17.

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