Defence deals grab the spotlight at ST Engineering By THE EDGE SINGAPORE
The Edge Singapore - The rearmament trend in the new world order has helped lift Singapore Technologies Engineering’s (ST Engineering) order book to a new record of $34.5 billion. As at end March, the company has won some $2.4 billion in new orders through its defence and public security segment, which accounts for ha ...
Defence deals grab the spotlight at ST Engineering
The Edge Singapore - The rearmament trend in the new world order has helped lift Singapore Technologies Engineering’s (ST Engineering) order book to a new record of $34.5 billion. As at end March, the company has won some $2.4 billion in new orders through its defence and public security segment, which accounts for ha ...
Broker's Digest: SingPost, Prime US REIT, NTT DC REIT, Marco Polo Marine, CICT
The Edge Singapore - Singapore PostPrice target: OCBC Group Research ‘hold’ 40 cents
Investors look beyond TSMC as AI boom spreads to new winners
The company now accounts for more than 40% of Taiwan’s Taiex
Chew Hua Seng’s next chapter
Teo Zheng Long - After easing Raffles Education’s debt burden, CEO Chew Hua Seng is betting on Asean to power the former market darling’s next phase of growth Two decades ago, at the height of the local market’s last bull run, Raffles Education (SGX: NR7 ) was a standout favourite. Investors bought into CEO Ch ...
Lower student numbers call into question education as a structural growth theme
The Edge Singapore - For years, education, like healthcare, has been seen as a structural growth story that investors can buy and hold for retirement. While Raffles Education (SGX: NR7 ) has already laid out its expansion plans across the region, two other locally listed education stocks appear to have more limited grow ...
Retail overload: KL and JB set to flood Malaysia’s already overstuffed mall scene
Some 34 complexes are in the pipeline, mostly in the country’s key urban and cross-border retail hubs
PhillipCapital's Hashim lowers target price for SIA to $6.43, citing higher fuel costs and Air India
The Edge Singapore - Hashim Osman of PhillipCapital has maintained his "neutral" call on Singapore Airlines but citing volatile fuel costs, he has lowered his target price from $7 to $6.43. SIA, for its 2HFY2026, reported patmi that was down 53.6% y-o-y to $945 million, bringing full year patmi to $1.18 billio ...
Starbucks scraps AI tool nine months after deployment over item-counting flops
Staff share internal feedback praising the change: ‘Thanks for discontinuing Automatic Counting!’
Chee of DBS maintains Delfi at 'hold' and $1 target price, warns of volatile rupiah
The Edge Singapore - Chee Zheng Feng of DBS Group Research has maintained his "hold" call and $1 target price on Delfi following the chocolate maker's 1QFY2026 update. For the three months to March, Delfi reported 1QFY2026 net revenue of US$159 million, up 6.2% y-o-y, driven by strong growth in Delfi' ...
Keppel shares rise 6.1% after M1-Simba deal falls through
Therese Soh - Analysts are mixed on the counter after the news
Keppel shares close 4.7% higher after M1-Simba deal falls through
Therese Soh - Analysts are mixed on the counter after the news
Keppel rises 6.1% after M1-Simba deal falls through
Therese Soh - Analysts are mixed on the stock following the news
AMD asking partners to ramp up production, CEO says
TAIPEI, May 22 : Advanced Micro Devices CEO Lisa Su said on Friday in Taipei that the company was asking its partners to ramp up production given strong demand for AI.AMD is a major customer of TSMC, the world's largest contract chipmaker.
RHB's Yeo raises target price for CSE Global to $1.94, shares jump more than 10%|
The Edge Singapore - Alfie Yeo of RHB Bank Singapore, citing CSE Global's multi-year growth underpinned by a US$1.5 billion worth of orders from Amazon over the next five years, has raised his target price to $1.94 from $1.48. At its recent 1QFY2026 business update, CSE Global reported revenue that was up 29% y-o-y ...
Central banks need ‘heightened vigilance’ to risks amid Middle East conflict: MAS chief economist
Janice Heng - Risks are greater for small open economies, with energy prices affecting costs and wages more quickly, he says
Central banks need ‘heightened vigilance’ over risks amid Middle East conflict: MAS chief economist
Janice Heng - Risks are greater for small open economies, with energy prices affecting costs and wages more quickly, he says
GIC-backed co-working firm JustCo ends 17.6% below IPO price in lacklustre mainboard debut
Therese Soh - Its 32.1 million offering shares is 3.4 times subscribed
GIC-backed co-working firm JustCo opens 9.6% below IPO price in lacklustre mainboard debut
Therese Soh - Its 32.1 million offering shares is 3.4 times subscribed
North Carolina sues Vietnam's Vinfast over delayed EV project
HANOI, May 22 : The State of North Carolina has sued Vietnam's EV maker Vinfast for its alleged failure to meet its commitments to build an electric vehicle and battery factory in the state, Attorney General Jeff Jackson said in a statement.• Vinfast has abandoned work on the site for over a ...
A*STAR to set up biomedical research facility at Geneo, says Tan See Leng
Kwan Wei Kevin Tan - Life sciences and innovation hub Geneo will welcome the Agency for Science, Technology and Research (A*STAR) as one of its tenants, says Tan See Leng, Minister for Manpower and Minister-in-charge of Energy and Science & Technology in the Ministry of Trade and Industry. A*STAR will establish a bi ...
CapitaLand chalks up over 80% occupancy for Geneo cluster at Science Park, rents meet expectations
Chong Xin Wei - It integrates three large properties with total gross floor area of about 180,600 sq m
CGS International maintains 'add' on Ever Glory, adjusts target price to 90 cents following bonus issue
The Edge Singapore - CGS International's Then Wan Lin and Lim Siew Khee have maintained their bullish view on Ever GLory United Holdings after the company's latest contract wins announcement, which brings the M&C contractor's total order book closer to the landmark level of $1 billion. On May 18, the ...
SIA Engineering opens base maintenance facility in Subang; sees ‘strong potential’ in Malaysian aerospace sector
Therese Soh - The two-hangar facility will supplement hangars in Singapore and the Philippines to support MRO works
Gold steady as US-Iran signals keep rate hike bets simmering
Bullion is down nearly 14% since the war erupted in late February
Vista Global sees 25% rise in Apac private jet traffic; Malaysia emerging as key Asean destination
Chloe Lim - Shanghai and Hong Kong are among the business aviation group’s top destinations by volume
Metro Holdings remains in the red with $203.1 million FY2026 loss
Gerine Tang Yi Qian - Metro Holdings recorded a loss after tax of $203.1 million for FY2026 ended Mar 31, compared to a loss after tax of S$224.7 million for the corresponding period a year ago. Revenue for FY2026 fell 6.6% to $97.7 million, due mainly to lower sales of property rights from residential developments in Be ...
Japan's core inflation hits 4-year low, rebound eyed on energy shock
TOKYO, May 22 : Japan's annual core inflation slowed to a four-year low in April due to the effect of subsidies on fuel and education, data showed on Friday, though analysts expect surging fuel costs from the Middle East war to accelerate price growth in coming months.While government measures ...
Trump will swear in Kevin Warsh on May 22 to lead US Federal Reserve
Warsh will serve a four-year term as chair and a 14-year term as a Fed governor
Stocks to watch: Keppel, Nio, SIA Engineering Company, Sri Trang Gloves, Aims Apac Reit
Chloe Lim - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (May 22):
Stocks to watch: Keppel, Nio, Sri Trang Gloves, Aims Apac Reit
Chloe Lim - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (May 22):
Goldman Sachs to pay US$500 million to settle shareholder lawsuit over 1MDB scandal
Shareholders accused the bank of lying about its role in the fraud while repeatedly touting its supposedly robust risk management
Keppel, Tuas confirm M1-Simba deal dead in water
Therese Soh - This comes after conditions for the long-stop date were not met by the deadline of May 21
Tuas terminates proposed M1-Simba deal
Therese Soh - It terminates the acquisition as conditions for the long-stop date were not met by the deadline of May 21
