Daily Briefing: How Singapore IPOs are faring; Sembcorp leads the STI gain

And Chinese developer Qingjian plants flag in Bukit Batok.

From Dollars and Sense via Yahoo!: In this week alone, there were two new IPOs to the Singapore market, namely NetLink NBM Trust and Union Gas Holdings. This brings the total number of IPOs as of 21 July 2017 to 12. All of these IPOs marked their entrance on the market with an opening price higher than the IPO price, with the exception of NetLink which opened at the same price.

From The Motley Fool Singapore: The biggest winner in the index happened to be Sembcorp Industries Limited edging up 4.8% to S$3.29. The energy, water and marine group will be releasing its financial results for the first half of 2017 on 3 Aug after market closes. For the first quarter ended 31 March 2017, the conglomerate posted a net profit gain of 11.3% to S$119.1 million. Now let’s jump over to the losing side of the STI. Port operator, Hutchison Port Holdings Trust, lost the most ground, paring 4.3% to US$0.45.

From PropertyGuru: The Le Quest in Bukit Batok attracted a crowd of potential buyers on the first weekend of preview. Developed by Qingjian Realty, this is the first mixed-use development in Bukit Batok and the first launch there in a long time, said Huttons property agent John Cheong. Located beside the Dulwich College international school, the property’s residential component comprises 516 studio and one- to four-bedroom units spread across five blocks. Unit sizes range from 431 sq ft to 1,528 sq ft.