#Singapore share prices opened higher with #STI up 6.81 points to 3282.27 Ezion Holdings shares continued to fall and underperformed along with Ezra halts trading. Starburst shares up 39% in trading debut. Housing Development Board (HDB) resale prices of flats dropped for a fifth consecutive month in June, slipped 0.6% compared to May marking a new two-year low since April 2012. DBS Group Holdings priced the issue of US$750 million fixed rate senior notes due 2019, and US$500 million floating rate senior notes due the same year. Asian High Net-Worth individuals (HNWIs) seeking to invest beyond their domestic markets, looking out differentiated products that have higher potential yields and stability. GSH Corporation which has agreed to sell its entire trading and distribution business to Serial System for US$2.38 million plus a Net Asset Value (NAV) as of end June 2014. Samudra Energy owns oil and gas exploration interests in Indonesia seeking to raise US$200 million to US$250 million in an IPO in Singapore. Boeing Co (51% of stake) and SIA Engineering (49% of stake) Co Ltd plan to set up a Singapore-based joint venture to provide fleet management services to airlines in the Asia-Pacific region. Singapores inflation pressures more domestic in nature.
Posted on: Thu, 10 Jul 2014 05:56:40 +0000
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