In today’s briefing:
- Prices Dip Fast In India; Tire Makers Suffer In First Half Of FY 2024 25
- REIT Watch – S-Reits log best quarterly performance since 2020 with double-digit returns in Q3
- Buybacks continue at moderate pace; Far East Orchard chair acquires shares
Prices Dip Fast In India; Tire Makers Suffer In First Half Of FY 2024 25
- NR prices surge over 33% YoY during April-August 2024
- In FY 2024-25 Q1, operating margin of top five tire firms falls ~200 basis points to 14%
- NR prices in downward trend in Oct amid a surge in supply
REIT Watch – S-Reits log best quarterly performance since 2020 with double-digit returns in Q3
- S-Reits log best quarterly performance since 2020 with double-digit returns in Q3 Meanwhile, the iEdge S-Reit Index rallied 14.7 per cent in its best quarterly performance since its inception in 2010.
- Prior to this, the index’s best quarterly performance was in Q2 2020, when it rose 14.1 per cent.
Buybacks continue at moderate pace; Far East Orchard chair acquires shares
- Share buybacks by primary-listed companies The five sessions also saw 16 primary-listed companies conduct buybacks with a total consideration of S$20.2 million, similar to the consideration in the preceding week.
- Sats maintains that repurchased shares held in treasury can be transferred for share schemes without diluting existing shares.
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