DBS sees ‘spring’ for S-REITs; retail sub-sector preferred, mid-cap names seen offering alpha opportunities
Felicia Tan - “Spring has arrived [for S-REITs],” say DBS Group Research analysts Derek Tan, Dale Lai, Geraldine Wong and Tabitha Foo, adding that investors should continue to allocate more capital into the sector. Despite the S-REIT index’s rise of around 5% since early August this year, the sector’s val ...
Nvidia’s Warning, Bond Jitters and Singapore’s Market Squeeze
Claressa Monteiro - This week on Market Focus Weekly: what Nvidia’s earnings means for the AI industry, the mixed picture behind China’s appreciating currency and...
Thailand’s 1.47t baht fund sees gold, equities boosting returns
THAILAND’S Government Pension Fund (GPF) expects gold, commodities and a rally in global equities to drive a recovery in its returns after...
Land betterment charges for commercial, residential and industrial uses go up by 0.1% to 1.6% on average
Kalpana Rashiwala - Rates for place of worship and civic and community institution use to rise by 2.9% on average; LBC rates for hotel/hospital/nursing home...
Yangzijiang Shipbuilding secures additional shipbuilding contacts for 22 vessels worth US$920 mil since 1HFY2025
Nicole Lim - Yangzijiang Shipbuilding has announced that it has secured additional shipbuilding contracts for 22 vessels worth US$920 million ($1.18 billion), since its order book update for the 1HFY2025 ended June 30. The contacts comprise 18 units of containerships, two units of gas carriers and two units of b ...
Frasers Hospitality automates staff training manual creation with AI agents
Nurdianah Md Nur - Frasers Hospitality, a strategic business unit of Frasers Property Group, has developed an AI agent–powered app that automatically generates standard operating procedure (SOP) documents. AI agents are software systems that can act autonomously to analyse information and carry out tasks. The app is ...
Malaysia's Petronas posts lower H1 profit, revenue
KUALA LUMPUR :Malaysian state energy firm Petroliam Nasional Bhd on Friday reported a drop in first half profit for 2025 compared with the same period last year, citing impacts from some discontinued operations, unfavourable foreign exchange moves and lower average realised prices from its petroleum ...
AI-enhanced, immersive 'Wizard of Oz' debuts in Las Vegas
LAS VEGAS :Swirling winds, drone-operated monkeys and artificial intelligence brought new life to "The Wizard of Oz" on Thursday at the premiere of an immersive version of the Hollywood classic in Las Vegas.A yellow-brick carpet, mimicking the yellow brick road in the film, led to the entr ...
Thai court dismisses Premier Paetongtarn for ethics violation
Patpicha Tanakasempipat / Bloomberg - Thailand was thrust into deeper political crisis after the Constitutional Court dismissed Prime Minister Paetongtarn Shinawatra for ethics violations, setting off the search for a third leader in two years. The nine-member court said Paetongtarn violated constitutional provisions on ethical standard ...
Rupee plunges to all-time low on steep US tariffs, logs 4th month of loss
MUMBAI :The Indian rupee plummeted to record lows on Friday, breaching the 88-per-dollar mark for the first time on concerns that punitive U.S. tariffs could hurt growth and further hit portfolio flows.Washington imposed an additional 25 per cent tariff on Indian goods this week, doubling the total ...
Indian rupee tumbles past 88 to all-time low on US tariff hit; central bank intervenes
MUMBAI :The Indian rupee hit a record low on Friday, slipping past the 88-per-dollar mark for the first time ever, as investors said the drag from punitive U.S. tariffs on Indian goods will hurt the country's growth and external finances.Washington imposed an additional 25 per cent tariff on In ...
Huawei's first-half profit declined 32% amid heavy spending on R&D
BEIJING :Chinese tech giant Huawei reported a 32 per cent drop in first-half net profit on Friday as it spent heavily on research and development to defy U.S. sanctions. Net profit for January to June dropped 32 per cent year-on-year to 37 billion yuan ($5.17 billion), according to its filing posted ...
Nvidia’s hyper-growth keeps stock valuation out of bubble zone
Ryan Vlastelica, Carmen Reinicke and Subrat Patnaik / Bloomberg - For all of the handwringing about Nvidia Corp.’s sky-high market value pushing the stock into bubble territory, its revenue growth is keeping investors buying. While the chipmaker’s earnings this week weren’t the blowout Wall Street was hoping to see, they did show that its sales are still cli ...
Ambani's Reliance Jio aims for IPO by first half of 2026
Telecom and digital giant Reliance Jio Platforms is aiming to file for an initial public offering (IPO) by the first half of 2026, setting the stage for one of India's highly anticipated stock market debuts.Jio is making all arrangements to file for its IPO, billionaire Mukesh Ambani, chairman ...
Reliance Jio will file for IPO by first half of 2026
Telecom and digital giant Reliance Jio Platforms will file for an initial public offering in the first half of 2026, billionaire Mukesh Ambani, chairman of parent firm Reliance Industries, told shareholders on Friday.
Billionaire Ambani plans to take Reliance Jio public by mid-2026
India's Reliance Industries is planning to take its telecoms and digital arm Jio Platforms public by mid-2026, its billionaire chairman said on Friday, a new timeline for the long-delayed IPO of a business valued at over $100 billion.At its annual general meeting on Friday, Reliance also said i ...
Ambani's Reliance plans to take Jio public by 2026, chairman says
Mukesh Ambani-led Reliance Industries is planning to take its telecoms and digital arm Jio Platforms public by mid-2026, its chairman said on Friday, one of India's most anticipated listings.At its annual general meeting on Friday, Reliance also said it was creating an artificial intelligence u ...
Thai court sacks PM Paetongtarn Shinawatra for ethics violation
[BANGKOK] Thailand’s Constitutional Court dismissed Prime Minister Paetongtarn Shinawatra from office on Friday (Aug 29) for an ethics violation after only a...
UOBKH says ‘size matters’ on ‘overweight’ data centre REITs, but downgrades MINT to ‘hold’
Douglas Toh - UOB Kay Hian’s (UOBKH) Jonathan Koh is maintaining his "overweight" call on REITs, specifically those with data centre (DC) focused portfolios. Koh notes that the advent of generative artificial intelligence (AI) and large language models has caused a dramatic shift in the data centre la ...
OCBC initiates coverage on Info-Tech Systems with ‘buy’ call amid favourable growth trends
Therese Soh - The software services provider has been assigned fair value estimate of S$1.00, 13.6% higher than its Friday closing price
OCBC initiates coverage on Info-Tech Systems with “buy” call and fair value estimate of S$1.00
Therese Soh - [SINGAPORE] OCBC Investment Research has initiated coverage on Info-Tech Systems with a “buy” call, on account of favourable secular growth trends that...
IMDA partners AWS and Trainocate to create 100 jobs and training opportunities in AI and cloud
Young Zhan Heng - Also, Singapore Computer Society is teaming up with the media authority and SkillsFuture Singapore to launch the Skills Pathway for Cloud initiative
Marvell sinks as weak data center outlook stokes custom AI chip worries
Shares of Marvell Technology slumped 15 per cent premarket on Friday, as the chipmaker's data center demand outlook fell short of lofty expectations owing to irregular sales of its custom AI chips to cloud giants. Investor expectations for chipmakers are elevated after their valuations have sky ...
Marvell sinks as weak data center outlook stokes AI chip worries
Shares of Marvell Technology slumped 11.3 per cent in premarket trading on Friday as the chipmaker's data center demand outlook fell short of lofty expectations after investors bet big on custom chips that power AI workloads for cloud giants such as Microsoft and Amazon.Investor expectations fo ...
Eric Trump says Trump family 'loves' Bitcoin community, predicts $1 million valuation
HONG KONG :Eric Trump says the Trump family "loves" and "believes in" the Bitcoin community, which supported his father Donald Trump before he became the U.S. President for the second time.Trump, speaking at the Bitcoin Asia conference in Hong Kong, said he believed Bitcoin would ...
Forever 21 looks to resurrect China, North America business with new partners
Forever 21 will focus on localising operations, introducing it to a new generation of young consumers in China
Chinese banks face profit squeeze as loan growth falters
Besides the lower interest rate environment, the lenders face mounting pressure to offer cheaper loans to help stimulate the economy
Beyond bill payments, AXS’ plans for the future include building a payment ecosystem
Benjamin Cher - Digital channels now account for about 75% of the total volume the company handles
OCBC Investment Research initiates ‘buy’ on Info-tech with target price of $1
Felicia Tan - OCBC Investment Research analyst Ada Lim has initiated “buy” on Mainboard-listed Info-Tech as she sees favourable secular growth trends — such as the global movement towards software-as-a-service (SaaS) offering, rising focus on human resource and finance departments, as well as a growing need ...
Vietnam’s nationwide cash payout: Police-run ID app at core of digital push, financial inclusion
Jamille Tran - Citizens will receive 100,000 dong each, primarily via bank accounts linked to national identity app VNeID
Will AI kill media, law, accounting jobs in Singapore? The fears may be overblown
Chloe Lim - Users and experts weigh in on the concern foremost on the minds of workers and jobseekers today
DBS and Maybank stick with ‘buy’ on Singtel, backed by resilient business units
Nurdianah Md Nur - DBS Group Research and Maybank Securities have reiterated their “buy” calls on Singapore Telecommunications (Singtel) with target prices of $5.04 and $4.30, respectively. The analysts say Singtel’s key business units either remain resilient or are showing clear signs of recovery. Maybank Secur ...
China warns against ‘disorderly competition’ in booming AI race
Bloomberg - China said it will prevent excess competition in the red-hot artificial intelligence sector, a signal that Beijing wants to avoid wasteful investment even as it seeks to turn the technology into a key pillar of the economy. The country’s top economic planner said the government will encourage prov ...
Thailand records current account surplus of $2.2 billion in July
BANGKOK :Thailand recorded a current account surplus of $2.2 billion in July, the central bank said on Friday.The economy slowed in July from the previous month and is expected to slow further in August as consumption weakens and U.S. tariffs affect exports, it said in a statement.
