Seatrium GAAP EPS of -$3.12, Revenue of $7.29B
Singapore's industrial sector saw strong gains, and the Chinese company Yangzijiang Shipbuilding led the sea index
In the first four weeks of 2024, the Singapore industrial sector recorded the highest net institutional inflow of S$103.7 million; the industrial stock Yangzijiang Shipbuilding (Yangzijiang Shipbuilding) also led the sea index with a 12.1% increase in these four weeks.
Keppel and Sembcorp Industries lead the 2023 Sea Index, with a total return of 60%
In 2023, the total return of the Straits Times Index (STI, “Sea Index”) was 4.7%, which is comparable to the total return of the FTSE ASEAN Extended 60 Index of 3.7% (in Singapore dollars).
China and China will be visa-free for 30 days. The popularity of travel product inquiries has greatly increased, and the number of round-trip flights is expected to resume
① The popularity of Zhongxin Travel Singapore product inquiries increased instantaneously by about 200%, and the number of searches on the OTA platform increased dramatically. According to the industry, the new Matai route is expected to heat up. ② Airlines such as China Eastern Airlines, China Southern Airlines, Spring Airlines, and Juneyao Airlines all have routes to and from Singapore. ③ Flights between mainland China and Singapore have resumed to nearly 80% of the same period in 2019, and the recovery rate of some airlines has exceeded 100%.
Seatrium to replace Keppel DC Reit in STI
The STI reserve list, comprising the five highest-ranking non-constituents of the index by market capitalisation, will be, in alphabetical order: CapitaLand Ascott Trust, Frasers Centrepoint Trust, Keppel DC Reit, Olam Group and Suntec Reit.
Probe into alleged ‘irregularities’ at Sembcorp Marine’s Brazilian arm underway
Brazil’s Office of the Comptroller General (CGU) has launched an investigation into alleged irregularities practised by the Brazilian subsidiary of Singapore’s Sembcorp Marine.