Franklin Templeton sees strong longevity in AI play but no bubble
Samantha Chiew - As Franklin Technology Fund marks its 25th anniversary, portfolio manager Matt Cioppa sees AI not as a passing theme but as the next foundational technology wave for markets. “We remain optimistic about tech over the next five years or so,” says Cioppa, as he elaborated that “foundational tech ...
Multi-year construction boom fires up investor interest
Teo Zheng Long - With the recent infrastructure upcycle and pandemic-induced cost pressures easing, construction companies have been attracting greater investor interest. Last year, total construction demand was $44.2 billion, double that at the pandemic trough of just over $20 billion. This year, the official proje ...
Top STI gainer DFI Retail lays down higher earnings targets, dividend payout
Teo Zheng Long - DFI Retail Group’s share price is a long way from its peak of more than US$13 back in 2013. Still, with a series of divestments of underperforming businesses and a recent commitment to meet higher financial targets, it is among the best-performing component stocks of the Straits Times Index year t ...
DBS raises Singtel target price to $5.71 on ‘sharp’ upside from data centre and stabilising mobile ARPU
Teo Zheng Long - DBS Group Research analyst Sachin Mittal has maintained his “buy” call on Singtel and lifted his target price from $5.04 to $5.71. In his Dec 11 report, Mittal explains that Singtel’s Singapore operation is expected to benefit from sector consolidation soon while Australia, India, Indonesia an ...
Broker's Digest: Sheng Siong, Nanofilm, Lincotrade & Associates, Singtel, Lum Chang Creations
The Edge Singapore - Sheng Siong Group Price target: DBS Group Research ‘hold’ $2.60 SG60 voucher tailwind priced in Chee Zheng Feng from DBS Group Research has downgraded Sheng Siong to “hold” with an unchanged target price of $2.60, as the analyst believes that the SG60 voucher tailwind has been priced in foll ...
Global EV sales growth slowest since Feb 2024 on China plateau, US policy changes
GLOBAL EV sales grew in November at the slowest rate since February 2024 as China plateaued, while the end of an EV...
Trump signs order aimed at curbing state AI laws
[WASHINGTON] US President Donald Trump on Thursday signed an executive order on artificial intelligence that will attempt to preempt a growing number...
Hongkong Land advances S$8 billion private real estate fund following Keppel Reit’s MBFC deal
Deon Loke - It is expected to launch with an AUM more than double the value of the seed portfolio provided by Hongkong Land
Hongkong Land hives off MBFC Towers 1 and 2, One Raffles Quay into new S$8 billion Singapore real estate fund
Deon Loke - New fund will be Singapore’s biggest private real estate fund and is part of group’s aim to grow its AUM to US$100...
Hongkong Land pumps MBFC Towers 1 and 2, One Raffles Quay into new S$8 billion Singapore real estate fund
Deon Loke - New fund will be Singapore’s biggest private real estate fund and is part of group’s aim to grow its AUM to US$100...
Hongkong Land hives off MBFC Towers 1 and 2, One Raffles Quay into new S$8 billion Singapore private fund
Deon Loke - New fund will be Singapore’s biggest private real estate fund; move follows divestments of other major assets
Stocks to watch: Sembcorp, CDL, UOL, GuocoLand, Seatrium, Singtel, Hongkong Land
Deon Loke - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Dec 12):
Sembcorp’s Alinta Energy buy: One step forward on earnings, two steps back on emissions?
Shikhar Gupta - Sembcorp says acquisition driven by Alinta’s renewables pivot and not by its Loy Yang B coal-fired power station
Reddit files lawsuit against Australia’s social media ban
[SYDNEY] Message board website Reddit on Friday filed a lawsuit asking the High Court to overturn Australia’s social media ban for people...
Graphic: a timeline of the Hao Mart-OG clash
Chloe Lim - [SINGAPORE] Food and dining-focused mall Taste Orchard has made its waves in the news – from empty units to legal battles among...
Lululemon CEO McDonald to step down, shares rise 10%
LULULEMON Athletica said that CEO Calvin McDonald was leaving the company without a replacement and raised its annual profit forecast, sending shares...
Australia clears Hanwha's bid to raise stake in shipbuilder Austal
SYDNEY, Dec 12 : Australia said on Friday it would not oppose a proposal by Korea's Hanwha to increase its stake in Australian shipbuilder Austal to 19.9 per cent from 9.9 per cent, but the deal will be subject to strict conditions over data information and security."It follows a thorough ...
Australia approves Hanwha's larger stake in Austal with strict conditions
SYDNEY, Dec 12 : Australia said on Friday it would not oppose a proposal by Korea's Hanwha to nearly double its stake in Australian shipbuilder Austal, but the deal will be constrained by strict conditions covering data access and security.Treasurer Jim Chalmers said the decision to allow the S ...
Reddit files lawsuit against Australia's social media ban
SYDNEY, Dec 12 : Reddit on Friday filed a lawsuit in Australia's top court challenging the country's social media ban and will ask the court to overturn the company's inclusion in the law."This law has the unfortunate effect of forcing intrusive and potentially insecure verificat ...
TerraUSD creator Do Kwon sentenced to 15 years over US$40 billion crypto collapse
Kwon pleaded guilty in August to two counts, conspiracy to defraud and wire fraud
OpenAI beefs up GPT models in AI race with Google
OPENAI released its latest artificial intelligence models on Thursday, shrugging off worries about how it will cash in on massive spending in...
Hongkong Land plans private property fund with its stakes in ORQ, MBFC and ORL as seed assets
The Edge Singapore - Hongkong Land has announced it is setting up its Singapore Central Private Real Estate Fund (SCPREF). SCPREF is expected to be seeded by Hongkong Land’s Singapore commercial portfolio and other assets acquired by the fund on inception and over time, creating future growth in earnings and AUM, as w ...
US to mandate AI vendors measure political bias for federal sales
WASHINGTON, Dec 11 : The U.S. government will require artificial intelligence vendors to measure political "bias" to sell their chatbots to federal agencies, according to a Trump administration statement released on Thursday. The requirement will apply to all large language models bought ...
Musk signals plan to launch IPO for SpaceX
Recent US media reports state that SpaceX stands poised for a record-setting US$1.5 trillion IPO
Google faces EU fine next year for favouring own services, sources say
[BRUSSELS] Alphabet’s Google is expected to be fined by EU antitrust regulators next year for not doing enough to comply with EU rules against...
Oil retreats as investors’ focus on Ukraine, US fuel supplies
[HOUSTON] Oil prices fell on Thursday as investors focused on Russia-Ukraine peace talks and eyed large surpluses in US petrol and diesel inventories.
Consumers want fast and cheap delivery. What does that mean for Singapore's parcel delivery workers?
Plummeting pay rates and harsh penalties are driving last-mile delivery workers out of the industry, even as e-commerce demand continues to surge.
European markets end higher as investors cheer Fed cut; SNB holds rate
EUROPEAN shares closed higher on Thursday after a series of lukewarm sessions, as investors welcomed the US Federal Reserve’s overnight interest rate cut...
US stocks: Dow, S&P 500 post record closes; Oracle drags on Nasdaq
THE S&P 500 and the Dow boasted record closing highs on Thursday as investors favoured financial stocks after a Federal Reserve policy update that...
Broadcom forecasts upbeat quarterly revenue on AI chip demand
Dec 11 : Broadcom on Thursday projected first-quarter revenue above Wall Street estimates, betting that sustained, robust demand for its specialized artificial intelligence chips would power another year of growth and help quell investor worries of a spending slowdown.Shares of the Palo Alto, Califo ...
Broadcom sees dip in quarterly margins due to AI, shares fall
Dec 11 : Broadcom projected first-quarter revenue above Wall Street estimates on Thursday, but said that margins would fall due to a higher mix of AI revenue, and shares fell 5 per cent in extended trading.Broadcom has jumped into the AI chip business, which has investors nervous about the profitabi ...
US dollar sags as Fed outlook undermines; Swiss franc gets SNB lift
NEW YORK/LONDON, Dec 11 : The U.S. dollar stumbled on Thursday, hitting multi-month lows against the euro, Swiss franc, and sterling and extending losses from the previous session, after the Federal Reserve delivered a less hawkish outlook than some had expected.The Swiss franc drew support from the ...
Key barrier to online fraud can be bypassed for pennies, say researchers
WASHINGTON, Dec 11 : A central barrier to the creation of bogus social media accounts can be bypassed for as little as a few cents at a time, researchers at the University of Cambridge determined, a sign of just how low the barriers are to online disinformation efforts.Digital platforms have a varie ...
Fortnite returns to Google Play in US after court order
Dec 11 : Epic Games' popular battle royale title Fortnite is back on the Google Play Store in the United States after Google complied with a U.S. District Court injunction, the company said on Thursday.Epic added that it is working with Google to seek court approval of a settlement reached betw ...
