Mapletree Investments sells 4.4 mil sq ft US East Coast logistics portfolio to EQT Real Estate for US$575 mil
Felicia Tan - Mapletree Investments has sold a 4.4 million sq ft industrial portfolio in the United States’ (US) East Coast to EQT Real Estate for US$575 million ($735.3 million). The sale is expected to be completed in March 2026. This is the group’s fourth US warehouse portfolio divestment after it sold US$ ...
CVS taps Google Cloud to roll out AI-powered health platform
Hongkong Land’s underlying profit down 8% at US$458 million for FY2025
Therese Soh - Earnings per share stood at US$0.5785 from a loss per share of US$0.6276 in the year before
Thailand to boost fuel reserves, bids to secure LNG amid Iran crisis
Thailand imports around 2.2 to 2.8 million tonnes of LNG per year from Qatar
Hongkong Land's underlying profit for FY2025 down 8%; earnings reach US$1.26 bil
The Edge Singapore - Lifted by divestments and fair value gains, Hongkong Land Holdings has reported earnings of US$1.26 billion for FY2025, a swing from a net loss of US$1.39 million in FY2024. Underlying profit attributable to shareholders, a measurement that is deemed a more accurate report of its ongoing business, i ...
Meta to allow AI rivals on WhatsApp in bid to stave off EU action
BRUSSELS, March 5 : Artificial intelligence rivals will be allowed on WhatsApp for a year, Meta Platforms said, aiming to head off a possible temporary order from EU antitrust regulators after complaints from competitors shut out of the messaging service.The European Commission, the EU's compet ...
BYD launches new generation Blade Battery with rapid charging in cold environments
BEIJING/SHANGHAI, March 5 : Chinese carmaker BYD's chairman Wang Chuanfu on Thursday launched the second-generation of the Blade Battery, with what he says is a "disruptive" charging speed in extremely cold environments.The new Blade Battery can be charged from 20 per cent to 97 per c ...
Ascendas Hospitality Reit loses S$6.2 million hotel refurbishment claim against Park Hotel liquidators
Tessa Oh - The Reit, which is now part of CapitaLand Ascott Trust, may still refile the claim with supporting income documents
Iran war punctures strategy of ‘Sell America, Buy Asia’
Despite a rebound on Thursday, the MSCI Asia-Pacific Index has tumbled about 6% this week
European shares edge higher after Asia surge
Kospi leads Asian market surge with 10% gain
UK's Nothing splashes colour on new phones to shake up 'boring' tech
LONDON, March 5 : Nothing, the smartphone maker founded in London by Carl Pei, launched new mid-tier handsets and headphones on Thursday, adding new colours to its white, black and grey palette to appeal to digitally adept younger customers.Pei, a Swedish national who previously co-founded Chinese b ...
CapitaLand Ascott Trust to be replaced by SIA Engineering on STI reserve list
Tay Peck Gek - There are no changes to the blue-chip barometer’s 30 constituents
Revolut files for US bank charter, names Duransoy as US CEO
NEW YORK, March 5 : Britain's Revolut applied for a U.S. bank charter and appointed former Visa executive Cetin Duransoy as its new CEO for the United States, the fintech company announced on Thursday. Revolut, which has about 70 million clients in 40 markets, is setting its sights on the lucra ...
Analysis:AI fears temper interest as private equity firms weigh data company deals
NEW YORK, March 5 : Financial data provider FactSet caught the eye of Thoma Bravo and Hellman & Friedman in recent months, with both private equity firms running the numbers on a potential acquisition after AI disruption fears helped drive a 39 per cent drop in its shares over the last six month ...
SIA Engineering displaces CLAS from STI reserve list; no changes to index
The Edge Singapore - SIA Engineering has displaced CapitaLand Ascott Trust from the reserve list of the Straits Times Index. Meanwhile, there are no changes to Singapore's benchmark index, according to the index managers in their quarterly review. With SIA Engineering's inclusion, the other four stocks in the ...
UI Boustead Reit launches S$1.2 billion IPO at S$0.88 per unit
Ry-Anne Lim - [SINGAPORE] UI Boustead Real Estate Investment Trust (Reit) has launched its initial public offering (IPO) of about 677.2 million units at S$0.88...
Amundi, KKR, Temasek unit among bidders for UOB Asset Management
(Bloomberg) – Amundi, KKR and Temasek Holdings’ Seviora unit are bidding for United Overseas Bank’s asset management arm, according to people familiar...
Amundi, KKR, Temasek unit among bidders for UOB Asset Management: sources
[SINGAPORE] Amundi, KKR and Temasek Holdings’ Seviora unit are bidding for United Overseas Bank’s asset management arm, according to people familiar with...
Aoxin charts its own acquisition path
Teo Zheng Long - Q&M Dental may have made a handsome gain of more than 87% in its share price over the past year, but its separately listed subsidiary, Aoxin Q&M Dental Group (SGX: 1D4 ) , outshines the parent with a gain of more than 320% in the same period. Much of the gain came only starting from last Dec ...
UI Boustead REIT, this year's largest IPO thus far, opens for application with forecast yield of 7.4%
The Edge Singapore - UI Boustead REIT has launched what will be this year's largest IPO, aiming to sell units worth $973.6 million at 88 cents each. This latest REIT to list on SGX has a portfolio value of $1.9 billion and comprises of 23 properties in the logistics, industrial, and business space in Singapore and ...
Q&M gets back its appetite for expansion
Teo Zheng Long - Having tapped shareholders and other investors for more capital, Q&M Dental Group is set on an ambitious expansion path both across the region and in Singapore Q&M Dental Group (SGX: QC7 ) , founded by Dr Ng Chin Siau in 1996 with just one dental chair, has grown to become the largest privat ...
CSE Global undergoes strategic review after request from controlling shareholder Heliconia Capital Management
Therese Soh - It is weighing options including potential transactions involving its shares, or all or part of its business and assets
Broadcom jumps as $100 billion AI forecast signals gains in Nvidia-dominated market
March 5 : Broadcom shares jumped more than 6 per cent in premarket trading on Thursday after the company predicted over $100 billion in AI chip sales next year, signaling rapid share gains in the market dominated by Nvidia.Big Tech's push to secure the vast computing power needed for artificial ...
Broadcom rallies as it touts more than $100 billion in AI chip sales in 2027
March 5 : Broadcom shares jumped about 7 per cent before the bell on Thursday after the company said it expects artificial intelligence chip sales to top $100 billion in 2027, as it pushes into a market long ruled by Nvidia.Big Tech firms such as Alphabet, Microsoft, Amazon and Meta are expected to ...
ComfortDelGro's largest shareholder Silchester raises stake to 7.05% after buying 4 mil shares at $1.4629 each
The Edge Singapore - Silchester International Investors, the largest shareholder of ComfortDelGro, has on March 4 paid $5.85 million to increase its stake by 4 million. At this price, Silchester is paying an average of $1.4629 each. The asset manager now owns nearly 152.74 million shares, equivalent to 7.05% of the comp ...
Behind Fitch’s warning: Why revising Indonesia’s State Finance Law matters for investors
Elisa Valenta - The Bill, under parliamentary review, is included in this year’s legislative priorities
Singapore stocks climb amid Asian equities rebound; STI up 0.7%
Jude Chan - ST Engineering is the biggest gainer on blue-chip index, rising 4.4% to S$10.84
Malaysia's EPF no longer AEM's substantial shareholder following two-straight days of open market selling
The Edge Singapore - Malaysia's Employees Provident Fund Board has cut its stake in AEM Holdings for the second day, selling into the market that is finally turning bullish on the stock that is guiding for a better year ahead. On March 2, EPF sold 6.45 million shares at an average of $2.97 each; the following day, ...
GAC Toyota launches presales for new electric sedan
BEIJING, March 5 : GAC Toyota has started pre-sales of its new D-segment bZ7 electric sedan with pre-order prices from 156,800 yuan ($22,759), the company, a joint venture between Guangzhou Automobile Group and Toyota, said on Thursday. ($1 = 6.8895 Chinese yuan renminbi)
First home-grown gold ETF to list on SGX on Mar 26
Koh Kim Xuan - This will be the first listing of a gold ETF on the local bourse in two decades
Hong Fok-linked Cheong Sim Lam buys Holland Piazza for $100 mil, changing hands after over 50 years
Gerine Tang Yi Qian - The freehold neighbourhood retail mall Holland Piazza has been sold for $100 million to private investor Cheong Sim Lam, marking the first change of ownership for the property in more than five decades. Cheong is a member of the Cheong family, which also owns Hong Fok Corporation. The transaction wa ...
CSE Global conducting 'strategic review' at largest shareholder Heliconia's request
The Edge Singapore - CSE Global, following a request from controlling shareholder Heliconia Capital, is undertaking a strategic review, after it received an indicative expression of interest from an unnamed party to "discuss a potential strategic transaction" in the company. Heliconia, a subsidiary of Temasek ...
China’s top chip bosses urge supportive policies to create ‘China’s ASML’
The country faces bottlenecks in EDA and basic materials, along with EUV machines
CGSI downgrades Frencken to ‘hold’ as stock reflects semicon optimism
Felicia Tan - CGS International analyst William Tng has downgraded Frencken Group to “hold” from “add” even though the group’s FY2025 results stood ahead of expectations. For the 12 months ended Dec 31, 2025, Frencken reported earnings of $39.1 million, 5.4% higher y-o-y. Revenue rose by 8.9% y-o-y to $ ...
