Market Round-Up: What did you miss?

A quick look at all the market moving events and big financial news of the day. From M1's profit warning to GLP's panda bond issuance, get your daily dose of all the latest in the world of business right here.

SGX Logo. Reuters
  • Singapore stocks edged higher on Tuesday, tracking gains in other Asian equities but sentiment remained muted as concerns about North Korea re-emerged.
  • The Straits Times Index rose 0.18 percent or 6 points to 3,329.
  • Property developer Chip Eng Seng Corp rose 0.6 percent after saying it would buy the Changi Garden property for S$248.8 million.
  • Pacific Radiance jumped 22 percent after it commenced discussions with potential investors to raise fresh funds as part of the restructuring and has received expressions of interests from them.
  • M1 shares dropped 1 percent after warning on full-year profit. The telecom operator said it expects full-year profit to fall after the Singapore-based telecom services provider reported a near 5 percent fall in third-quarter profit, citing higher depreciation and interest expenses.
  • Keppel DC REIT lost 0.4 percent after posting a 42 percent jump in third-quarter net property income, helped by in part by acquisitions.
  • Keppel REIT reported a 10.5 percent drop in third-quarter distributable income, hurt in part by the absence of gain on divestment of 77 King Street last year.
  • Keppel Telecommunications & Transportation reported an 82 percent drop in third-quarter net profit, due to the absence of gain from a divestment made in quarter and the contributions from subsidiaries disposed.
  • Global Logistic Properties, a provider of logistics facilities, on Tuesday said it issued 1 billion Chinese yuan (US$152 million) of RMB-denominated bonds or panda bonds in China's interbank market.