Market View: YangziJiang Financial’s PE fund invests in chemical, product tanker projects; Sabana Reit’s ordinary resolution to internalise Reit management function; Grab acquires Transcab; China to boost sale of automobiles; Elon Musk’s fortune down US$20.3b

Singapore shares started trading a touch lower today following mixed trading sessions in the US and Europe. In early trade, the Straits Times Index (STI) was down 0.1 per cent at 3,271.21 points as 57.2 million securities changed hands in the broader market.  In terms of companies to watch today, we have Yangzijiang Financial after the investment manager’s maritime private equity fund invested in two chemical and product tanker projects for US$32.1 million.  Meanwhile, from Sabana Reit going ahead with its ordinary resolution to internalise the Reit’s management function, to China announcing steps to boost car sales and Elon Musk getting poorer by billions of dollars overnight, more international and corporate headlines remain in focus. On Market View, the Drive Time team unpacked the developments with Benjamin Goh, Head of Research and Investor Education, SIAS.See omnystudio.com/listener for privacy information.