RHB's Yeo raises target price for Sheng Siong to $3.45 on earnings growth from new stores and resilient margins
The Edge Singapore - Alfie Yeo of RHB Bank Singapore has turned more bullish on Sheng Siong Group as he sees continued earnings growth from new stores. Along with his "buy" call, Yeo has raised his target price for the supermarket chain to $3.45 from $3.02 after applying a higher valuation multiple. This curre ...
OpenAI co-founder discloses nearly US$30 billion stake, financial ties to Sam Altman
The startup has raised well over US$100 billion from investors to hire researchers, buy computing power and expand the company
Stocks to watch: OCBC, FLCT, Keppel Infrastructure Trust, Ultragreen.ai
Deon Loke - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (May 5):
Frasers Logistics & Commercial Trust H1 DPU drops 1.7% to S$0.0295
Deon Loke - Distributable income for the period falls 1% to S$111.9 million
Australia's ALS restores most services after cyber incident; data impact under review
May 5 : Technical services provider ALS said on Tuesday that unauthorized third-party access to parts of its IT systems caused a 'temporary disruption' to some of its operations, but swift containment measures helped restore most services.ALS, which provides scientific testing services spa ...
Elon Musk settles SEC lawsuit over Twitter disclosures, US$1.5 million fine imposed
The settlement requires approval by US District judge Sparkle Sooknanan, who in February rejected Musk’s bid to dismiss the case
OpenAI co-founder discloses nearly $30 billion stake, financial ties to Altman
OAKLAND, California, May 4 : OpenAI's co-founder and president, Greg Brockman, on Monday disclosed deeper financial ties to CEO Sam Altman than previously known as well as a stake in the ChatGPT maker worth almost $30 billion.The details were shared in court during questioning by a lawyer for E ...
Gold rebounds from over one-month low but inflation fears cap gains
Meanwhile, higher crude oil prices can stoke inflation, increasing the likelihood of higher interest rates
Gold holds losses on signs that US-Iran ceasefire is fraying
The violence shook a ceasefire that has largely held since going into effect on Apr 8
Grab’s Q1 2026 earnings surge more than 4 times to US$136 million
Benjamin Cher - Revenue for the quarter is higher at US$955 million, from US$773 million a year prior
Grab’s Q1 2026 earnings surge 466.7% to US$136 million
Benjamin Cher - Revenue for the quarter is higher at US$955 million, from US$773 million a year prior
Grab’s Q1 2026 earnings surges 466.7% to US$136 million
Benjamin Cher - Revenue for the quarter is higher at US$955 million, from US$773 million a year prior
Grab’s Q1 2026 earnings surges 466.7 per cent to US$136 million
Benjamin Cher - [SINGAPORE] Super app Grab reported a 466.7 per cent jump in earnings for Q1 2026 to US$136 million from US$24 million in...
Australia's NEXTDC secures $1.3 billion senior debt to fund data center expansion
May 5 : Australian data center operator NEXTDC (NXT.AX) said on Tuesday it has secured A$1.8 billion ($1.29 billion) in new senior debt facilities to support capital expenditure required for recent customer contract wins and ongoing data center developments.The move follows a sweeping A$1.5 billion ...
Meta picks Morgan Stanley, JPMorgan for El Paso data center financing, source says
May 4 : Meta Platforms is working with Morgan Stanley and JPMorgan Chase on a roughly $13 billion financing package for a data center in El Paso, Texas, a source familiar with the matter told Reuters on Monday. Bloomberg News, which first reported the news, said a majority of the financing is expect ...
Meta taps Morgan Stanley, JPMorgan for El Paso data center deal, Bloomberg News reports
May 4 : Meta Platforms is working on a roughly $13 billion financing package for a data center in El Paso, Texas, led by Morgan Stanley and JPMorgan Chase, Bloomberg News reported on Monday, citing people familiar with the matter.Reuters could not immediately verify the report.
Singapore's Grab beats quarterly revenue estimates
Singapore's Grab beat Wall Street expectations for first-quarter revenue on Tuesday (May 5), benefiting from resilient demand for its ride-hailing and food-delivery services after rolling out promotional offers and bundled features to attract customers.The company reported revenue of US$955 mil ...
Singapore's Grab beats revenue estimates on strong delivery, mobility demand
Singapore's Grab beat Wall Street expectations for first-quarter revenue on Tuesday (May 5), benefiting from resilient demand for its ride-hailing and food-delivery services after rolling out promotional offers and bundled features to attract customers.Southeast Asia's biggest ride-hailing ...
GE Vernova is riding geopolitics and AI for a spectacular surge
CEO Scott Strazik says the company is on the cusp of an investment super-cycle
Is it time to scrap COE categories for cars?
Derryn Wong - Let the COE system control population and rely on other, better instruments to manage access to mass market vehicles
SMBC adds to securitised products team as part of global push
The bank is establishing a second headquarters in Charlotte, North Carolina, with plans to hire about 2,000 people
US and Iran launch new attacks as they wrestle for control of Hormuz strait
Several merchant ships in the Gulf reported explosions or fires; UAE oil port ablaze after Iranian strike
Blaze on South Korean vessel in Hormuz extinguished; Trump says Iran fired at the ship
Other commercial vessels reported to have been hit; UAE oil port ablaze after Iranian strike
Westpac profit misses estimates as CEO flags Middle East risks
Australia’s biggest lenders are getting a boost from higher interest rates
Elon Musk settles SEC lawsuit over Twitter disclosures, $1.5 million fine imposed
WASHINGTON/NEW YORK, May 4 : Elon Musk settled the U.S. Securities and Exchange Commission's civil lawsuit accusing the world's richest person of waiting too long in 2022 to disclose his initial purchases of Twitter, now known as X.A trust in Musk's name will pay a $1.5 million civil ...
US stocks: S&P 500 falls from record high on Middle East worries
Teheran said it forced a US warship to turn back after it attempted to enter the strait
Oil eases on signs US is loosening Iranian closure of Strait of Hormuz
May 5 : Oil prices eased on Tuesday after climbing by as much as 6 per cent in the previous session on signs the U.S. Navy is loosening Iran's closure of the key Strait of Hormuz waterway, potentially opening up supply from the key Middle East producing area.The U.S. on Monday launched a new op ...
US crude eases more than 1%, traders weigh supply risks
May 5 : U.S. crude eased more than 1 per cent on Tuesday as the market weighed the impact of Iranian attacks on ships in the Strait of Hormuz and news that a U.S.-flagged ship operated by Maersk had transited the strait accompanied by U.S. military.U.S. West Texas Intermediate was at $104.88 a barre ...
US crude eases 1% as traders weigh supply risks
May 5 : U.S. crude futures eased 1 per cent in early Asian trade on Tuesday as the market gauged the impact of Iranian attacks on ships in the Strait of Hormuz and a fire at a UAE oil port.U.S. West Texas Intermediate was at $105.36 a barrel, down $1.06, or 1 per cent, by 2203 GMT, following a more ...
Commentary: China’s blocking of Manus-Meta deal might not send the message it intended
China’s move to undo Meta’s acquisition of Manus was not surprising, but the lack of public criticism was, says Chong Ja Ian from the National University of Singapore.
Oil eases on signs US operation is loosening Iran’s Strait of Hormuz blockade
Iran launched attacks in the Gulf on May 4 to counter the US move
Oil eases on signs US is loosening Iran’s Strait of Hormuz blockade
Iran launched attacks in the Gulf on May 4 to counter the US move
Oil prices jump 6% as Iran sets UAE oil port ablaze, strikes vessels in Strait of Hormuz
Iran may have attacked four ships in the Gulf region over the past 24 hours
Intel appoints Qualcomm executive to lead PC and physical AI business
May 4 : Intel said on Monday it had appointed Alex Katouzian to lead the company's PC and physical artificial intelligence unit. The new role for Katouzian includes the company's crucial PC business, which has been one of the mainstays of Intel's revenue and profit for decades. Katouz ...
