India's Infosys slumps to lowest level in three years over weak growth
April 24 : Shares of Infosys fell as much as 4.2 per cent to their lowest level in three years on Friday after the firm forecast disappointing fiscal 2027 revenue growth, as AI-led spending caution and geopolitical tensions weigh on India’s $315 billion IT sector.India's No. 2 IT services exp ...
India's Infosys slips on weak 2027 growth outlook
April 24 : Shares of Infosys fell as much as 3.3 per cent on Friday after the IT firm forecast weaker-than-expected fiscal 2027 revenue growth, as AI-driven spending caution amid macro uncertainty raised concerns over demand recovery in the sector. The stock was trading 1.9 per cent lower at 9:20 a. ...
Amid the AI boom, will Sunright finally shine brighter?
Teo Zheng Long - The AI-driven mega boom has sent semiconductor stocks worldwide rising multifold. Back home, our technology counters are also moving in tandem with the global technology players. Prominent names in the local listed semiconductor space, such as AEM Holdings, Frencken Group and UMS Integration, have s ...
Does Paragon need $300 mil to $600 mil of AEI?
Goola Warden - Unitholders of Paragon REIT may have sounded somewhat miffed at CapitaLand Integrated Commercial Trust’s (CICT) proposed acquisition of Paragon mall for $3.9 billion. But they shouldn’t be. After all, CICT’s unit price rose after a trading halt on April 20, and its private placement was upsize ...
HG Metal sees better days ahead with booming steel demand from the construction industry
Teo Zheng Long - The construction upswing in Singapore has boosted investor interest in the industry ecosystem, which includes not only contractors but also material suppliers. Several high-profile names that have consistently engaged the investment community, such as concrete provider Pan-United Corp and steel stoc ...
CGS International raises Ever Glory's target price to $1.13 on further mega project orders
The Edge Singapore - Then Wan Lin and Lim Siew Khee of CGS International have become more bullish on Ever Glory United Holdings, on the premise that the leading mechanical and engineering contractor is set to win more orders from major infrastructure projects by early next year. From a previous target price of 90 cents, ...
1Q earnings of banks could be pressured by net interest margins and credit costs
Goola Warden - According to Bloomberg’s earnings estimates, DBS Group Holdings is forecast to report a net profit of $2.91 billion in 1QFY2026 ended March 31, compared to the $2.358 billion recorded in 4QFY2025 and $2.897 billion in 1QFY2025. Oversea-Chinese Banking Corp (OCBC) is forecast to report a net profit ...
Fitch says no immediate downgrade if Indonesia's deficit tops 3% due to Iran war impact
JAKARTA, April 23 : Indonesia has room to breach its legal fiscal deficit ceiling of 3 per cent of GDP without triggering an immediate ratings downgrade, as long as it is only a temporary response to economic disruptions caused by the war in the Middle East, a director with Fitch Ratings said on Thu ...
ANZ hires its first AI officer as banks rush to bolster tech ranks
ANZ Group Holdings has hired its first chief data and AI officer, as competition over artificial intelligence talent intensifies among big banks...
Risk of a big war insurance claim is rising: marine insurers
Tay Peck Gek - It is reported that there are about 20,000 crew members and 800 vessels still stuck in the war zone
IHH Healthcare’s $350 mil upgrade of Mt Elizabeth Hospital necessary to tap future demand
The Edge Singapore - Mount Elizabeth Hospital, the flagship institution of IHH Healthcare, completed its multi-year, $350 million refurbishment. It added new facilities, redesigned workspaces, reconfigured rooms, made extensive use of technology and now sports an overall fresh new look. The completion of Project Renaiss ...
Rigs in demand as day rates set to recover, spark spreads likely higher for electricity: Keppel
Goola Warden - Legacy rigs are in demand, with higher day rates for the completed rigs which are chartered out, according to Keppel’s management in a media briefing on its 1QFY2026 (for the three months to end-March) business updates. The briefing on April 23 also noted that since the Iran War started, spark spr ...
Asia shares mixed, oil advances on US-Iran deadlock
The mixed showing underscored the tense market mood as investors this week seesawed between hope for an imminent end to the war and fear that it might not come soon.
Investments continue flowing into JS-SEZ despite delay in master plan and investment blueprint
Lin Daoyi - Two investor commitments totalling RM1 billion ($322.5 million) were announced on April 20 at the UOB-Invest Johor JS-SEZ Strategic Forum 2026, suggesting that the postponement of the rollout of the Johor-Singapore Special Economic Zone (JS-SEZ) roadmap and blueprint has not affected investor sentim ...
Foreign buyers cushion Thailand housing slump as market heads for 4th year of decline
As debt and tighter credit sap local demand, developers draw overseas buyers to resort markets
Gold set for weekly drop as higher oil prices stoke inflation fears
GOLD held steady on Friday, but was on track for a weekly drop as elevated oil prices fuelled fears of inflation and...
From watchdog to steward: Why markets need a new compact
Jeffrey Tan - For years, the relationship between exchange regulators and listed companies has followed a familiar script: one side polices, the other complies. It is a model built for a simpler age when governance was narrower, disclosures more predictable and corporate crises slower to unfold. That age is over. ...
Will there be another Great Grain Robbery?
Nirgunan Tiruchelvam - Investors may want to focus on a deal masterminded by a forgotten bureaucrat in 1972. Nicolai Belousov was the head of Exportkhleb, the Soviet state grain trading agency. The Soviet Union was dismantled in 1991, but it was a powerhouse in its day. It was a sprawling nation of 12 time zones. The supe ...
Singapore’s investability problem is not what you think
Lee Ooi Keong - Singapore’s equity market staged a convincing rally last year. The Straits Times Index (STI) rose 22.7%, turnover surged 21% to nearly $1.5 billion daily, and IPO proceeds reached US$2.5 billion ($3.15 billion), a forty-fold jump from 2024’s dismal US$64 million. These numbers seemed to vindicat ...
Ubisoft turns to Assassin's Creed ‘Black Flag’ remake, led by Singapore studio, to steady the ship
Primarily developed by Ubisoft Singapore, "Black Flag Resynced" will include updated visuals, new gameplay features, and an extended storyline, Ubisoft said.
Why agentic AI push hinges on data readiness, not model power
Nurdianah Md Nur - The race to agentic AI will depend less on model power and more on whether companies can make their data reliable enough for machines to act on. Chris Chelliah, senior vice president for technology at Oracle Japan and Asia Pacific, says the shift lies in what happens after a system produces an outpu ...
LVMH chief Bernard Arnault warns Middle East war could spiral into ‘global catastrophe’
LVMH’s billionaire boss says luxury group’s recovery hinges on the conflict being resolved quickly.
Meta, Microsoft plan cuts, buyouts that may affect 23,000 jobs
Both companies have instituted several rounds of layoffs in recent years
Where a meandering route makes more sense
Daryl Guppy - Looking down at a public park from the 18th floor of my hotel, I can immediately determine the country I am in. If I am in the West, then the paths through the park are all laid out in straight lines. If I am in China, the paths twist and turn across the park. Cynics might say that the twisting and ...
Understanding yields in stock investing
Thiveyen Kathirrasan - One of the many ways investors can analyse whether a business or company is investment-worthy is to look at its financials. A company’s financials refer to various aspects of its financial performance, but they usually include the income statement, balance sheet, and cash flow statement. By examin ...
ESR-REIT reports 1.4% y-o-y increase in distributable income for 1QFY2026
Teo Zheng Long - ESR-REIT (SGX: 9A4U ) has reported distributable income of $44.8 million, 1.4% higher y-o-y in 1QFY2026, ended March 31. The figure is partially offset by absence of $1.9 million in other gains distributable income recorded in 1QFY2025. Gross revenue and net property income (NPI) declined by 0.4% an ...
UOBKH's Koh initiates coverage on UI Boustead REIT with $1.16 target price
The Edge Singapore - UOB Kay Hian's Jonathan Koh has initiated coverage on UI Boustead REIT with a "buy" call and $1.16 target price, with a view that it benefits from long-term leases with reputable blue chip tenants, and of course, an attractive yield of 8.2% for FY2027. UIBREIT, which went public less ...
Singapore emerging as neutral ground as AI firms navigate Sino-US rivalry
The US visa process has become more unpredictable with longer processing times and stricter screening
Japan renews FX warning, ready for 'decisive action' with US coordination
TOKYO: Japanese Finance Minister Satsuki Katayama renewed warnings of currency intervention on Friday (Apr 24), stressing "decisive action" in close coordination with the United States as the yen hovered near the psychologically important 160-per-dollar line."We have been seeing specu ...
Lebanon-Israel ceasefire extended by 3 weeks after White House Oval Office meeting
Israel said on Apr 23 that it killed two armed individuals in southern Lebanon
Why the Gulf war will spur a new wave of clean energy investment
Jennifer Boscardin-Ching - The Iran war and escalating tensions across the Middle East have once again exposed how fragile a fossil fuel-centric global energy system can be, with market turmoil echoing the shock that followed Russia’s invasion of Ukraine in 2022. For governments and businesses, the lesson is familiar: relyi ...
Oiltek-inspired interest in Koh Brothers persists
Teo Zheng Long - Both Koh Brothers Group (SGX: K75 ) (KBG) and Koh Brothers Eco (SGX: 5HV ) (KBE) have seen share prices and trading volumes spike in recent weeks, as the valuation gap between them and their subsidiary, Oiltek International (SGX: HQU ) (Oiltek), has finally attracted investor attention. Oiltek, whic ...
Elite UK REIT reports 9.8% y-o-y rise in distributable income for 1QFY2026
Teo Zheng Long - Elite UK REIT (SGX: MXNU ) has reported distributable income of £5.3 million, up 9.8% y-o-y, driven by interest savings, contributions from three properties acquired in last June, and reduced holding costs as a result of divestments of vacant assets and the repositioning of Lindsay House, Dundee in ...
DFI’s FY2026 off to ‘strong start’; ‘disciplined’ approach to potential supermarket merger
The Edge Singapore - Chee Zheng Feng of DBS Group Research has reservations about the reported combination of Jardine and CK Hutchison’s respective Hong Kong-based supermarket chains proceeding, given the wide disparity in valuation implied by the former’s capital parameters and the latter’s most recently floated ...
