SGX Watch: – Profit outlook restrains region
Hong Kong Standard – City Developments fell 2.5 percent to S$15.90 (HK$81.94), CapitaLand fell 1.9 percent to S$7.55 and Keppel Land lost 1.7 percent at S$8.55. Neptune Orient Lines plunged 5.9 percent to S$5.60 on speculation the company’s upcoming earnings report
Singapore Shares Tumble 3.7 Percent
MSN MoneyCentral – Allgreen Properties fell 6.6 percent to S$1.42, CapitaLand lost 4.3 percent to S$6.6, and DBS dropped 3.0 percent to S$19.60. OCBC fell 4.2 percent lower to S$8, and UOB fell 4.8 percent to S$19.90. Volume was 2.8 billion shares, higher than Wednesday
Thanh Nien
Thanhnien – Singapore-based CapitaLand, Southeast Asia’s largest developer, said it will pay US$32.2 million for a 75 percent stake in a 25-story residential condominium project in Ho Chi Minh City. CapitaLand s Vietnamese partner in the project, local
Segro Buys Italian Business Park for EU85 Million (Update1)
Bloomberg – Aug. 24 (Bloomberg) — Segro Plc, the U.K. property company with offices in 11 countries, acquired a business park in Milan for about 85 million euros ($115 million) and said it will open an office in the city. The purchase of the 70,689 square meter
Singapore shares close flat after Wall St falls – UPDATE
Forbes – CapitaLand rose 10 cents to 7.35 dollars, City Developments (other-otc: CDEVY.PK – news – people ) added 10 cents to 15 dollars and Keppel Land gained five cents to 8 dollars. Citigroup said the prevailing shortage of residential
Rate cut optimism lifts bourses
Hong Kong Standard – City Developments closed up 2.1 percent at S$14.50, Keppel Land added 0.6 percent to S$7.90 and CapitaLand finished 2.2 percent higher at S$7. Strong results in Sydney The Australian share market recovery continued, with strong corporate results and