2 days ago
Resilient aluminium prices set to boost Asia’s smelters over global rivals: analysts
Benicia Tan - Cheaper power and easier access to raw materials can benefit low-cost producers in China, India, Indonesia
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
2 days ago
Bain, KKR, KV Asia shortlisted for Malaysia’s Avisena Healthcare stake sale as valuation hits US$368 million: sources
South-east Asia healthcare assets draw strong investor interest amid rising incomes and ageing populations
2 days ago
Understanding comparable analysis, Part 1
Thiveyen Kathirrasan - Comparable analysis is an effective tool to value stocks and investments. This is a relative valuation method that compares current or projected financials and ratios against historical figures or those of peers in similar businesses. Essentially, this valuation method aims to determine where a comp ...
2 days ago
Malaysia eyes regional leadership in low-altitude economy as drone rules take shape
Kang Siew Li - Malaysia has the necessary building blocks in place to become a regional hub for the emerging low-altitude economy (LAE), but success will depend on how quickly it can draw up regulations, deepen engineering capabilities and attract investment, industry leaders say. The Civil Aviation Authority of M ...
2 days ago
Why Guinness keeps growing while beer sales worldwide fizz out
Anna Peele / Bloomberg Businessweek - Gráinne Wafer is embarking on the surprisingly intricate task of pulling a perfect pint of Guinness. First step: inspecting the cleanliness of the glass. It’s Guinness-branded, as it should be at every bar where the Irish stout is served on draft. Wafer, a senior executive at Guinness’s parent ...
2 days ago
Thin liquidity the ‘most overlooked’ risk in Singapore’s equity reform rally: Morningstar
Lynnette Tania Lee - Singapore’s equity market has drawn no shortage of coverage over the past 18 months. The inflows, the fund launches and the government money behind the Equity Market Development Programme (EQDP), the scheme that seeds fund managers to invest in local stocks, have all been picked over in detail. A ...
2 days ago
At its 250th, Pax Americana still has wings and tentacles
Kwan Wei Kevin Tan - What animal do you think best represents the US? For many, it’s the bald eagle, which has served as the country’s national symbol since 1782. A less flattering option would be the squid. The multi-limbed creature, with its all-encroaching tentacles, is perhaps a more fitting symbol of the US giv ...
2 days ago
Canada PM Carney taps state-owned firm to build oil pipeline for growing Asian demand
Selling more oil to Asian markets such as India and China will allow Canada to get better prices per barrel
2 days ago
Market resilience endures; favourable investment environment ahead: Invesco
Khairani Afifi Noordin - Despite facing various forces of disruption — including geopolitical fractures, the closure of the Strait of Hormuz, disruptions to energy and commodity supplies, and the rise of AI — global market resilience has endured. This presents a favourable investment environment in the coming months, ac ...
2 days ago
Sustainable investors now more ‘pragmatic’ with trend towards energy and climate transition: Amundi
Lin Daoyi - Sustainable investing is becoming more focused in recent times, with investors allocating more capital to certain sectors while decreasing in others, according to Paris-headquartered asset manager Amundi. “The market is just becoming more pragmatic on different investment themes, so energy and cli ...
2 days ago
Why the real investment opportunities for the AI boom lie outside the ‘big names’
Chez Anbu - There’s no avoiding the AI boom. So all-encompassing is its reach today that many proactive governments across the world are setting out frameworks to ready their societies for its use. Singapore’s National AI Strategy 2.0 carves out an ambition that goes beyond developing artificial intelligenc ...
2 days ago
India issues notice to Telegram, Signal on concerns over usernames, source says
July 3 : India has issued notices to messaging platforms Telegram and Signal over concerns that their username features could facilitate impersonation and other forms of misuse, a government source said on Friday, escalating the country's scrutiny of user-anonymity tools on digital platforms.He ...
2 days ago
Lamborghini-driving boss of Eminent Frog Porridge charged with S$3.8 million tax evasion, money laundering
Shikhar Gupta - Assets linked to alleged crimes include Lamborghini, landed property and S$2.4 million in cash
2 days ago
Sats’ rally to above pre-war levels prompts divergent views
The Edge Singapore - From a recent low of $3.21 on May 18, the share price of ground-handling operator Sats has surged by more than 40% to around $4.50, prompting differing views among analysts. Ada Lim of OCBC Group Research has maintained her fair value for Sats at $4.20 but downgraded her call from “buy” to a “ ...
2 days ago
SGX enjoys higher target prices again with volume surge
Felicia Tan - Analysts from DBS Group Research and RHB Bank Singapore have raised their target prices on Singapore Exchange (SGX) as they see the Equity Market Development Programme (EQDP) continuing to anchor the exchange’s securities daily average value (SDAV). On June 10, SGX reported an SDAV of $2.4 billion ...
2 days ago
Analysts stay positive as ThaiBev’s beer IPO remains in the works
Lin Daoyi - Two major entities controlled by Thailand’s Sirivadhanabhakdi family made their respective presence felt in Singapore last week. Frasers Property announced an asset reshuffling involving its controlling shareholders to improve its financial metrics as a listed entity. In contrast, Thai Beverage’ ...
2 days ago
Asian markets rise as beaten tech stocks enjoy respite from selling
Oil prices edged up but held recent losses fuelled by increased traffic through the Strait of Hormuz and on hopes for progress in US-Iran talks.
2 days ago
Alibaba, Tencent join US$2 billion funding for Kuaishou’s Kling AI
The company may potentially raise as much as about US$3 billion as more investors may take part in future
2 days ago
Broker's Digest: OUE REIT, HPH Trust, JustCo, CapitaLand Investment, Addvalue, CICT
The Edge Singapore - OUE REITPrice targets: DBS Group Research ‘buy’ 45 cents Maybank Securities ‘buy’ 45 cents OCBC Group Research ‘buy’ 41 cents Divestment of Crowne Plaza Changi Airport
2 days ago
Microsoft mobilises 6,000 workers to help customers adopt AI
The division will help customers deploy AI more efficiently and inform Microsoft’s product development decisions
2 days ago
New landmarks under Greater Sentosa expected to open from early 2030s
Elysia Tan - Sentosa Development Corporation shares the next steps of its master plan at a public exhibition launch
2 days ago
Private credit keeps US$14 billion trapped in bid to outlast storm
Second-quarter exit requests exceed those of the prior three-month period
2 days ago
After the US-Iran war, is free navigation in the Strait of Hormuz gone for good?
The US has said in the past that paying tolls to Iran’s government would be a sanctionable act
2 days ago
Japan finance minister says ready to respond on yen, in contact with US authorities
TOKYO, July 3 : Japanese Finance Minister Satsuki Katayama said on Friday the government will respond appropriately on currency movements, reiterating her warnings as traders braced for possible intervention from the Japanese authorities."Our stance has not changed. We will respond appropriatel ...
2 days ago
Japan keeps yen intervention threat alive, says in close touch with US
TOKYO, July 3 : Japan issued a fresh warning to currency markets on Friday as Finance Minister Satsuki Katayama said Tokyo was in regular contact with Washington on foreign exchange issues and remained ready to support the yen after it clawed its way back from 40-year lows.The yen got some relief fr ...
2 days ago
Oil prices stable as US-Iran peace efforts hold
LONDON, July 3 : Oil prices were steady on Friday and little changed for the week as traders held on to hopes that attempts to secure peace in the Middle East between the United States and Iran would succeed.Brent futures were up 17 cents, or 0.24 per cent, to $71.97 a barrel at 0932 GMT. West Texas ...
2 days ago
Oil prices little changed ahead of long US weekend as peace efforts hold
PERTH, July 3 : Oil prices were little changed on Friday before a long holiday weekend in the U.S., as traders held on to hopes that attempts to secure peace in the Middle East between the United States and Iran would succeed.Brent futures climbed 7 cents, or 0.1 per cent, to $71.87 a barrel as of 0 ...
2 days ago
Oil up slightly ahead of long US weekend as peace efforts hold
PERTH, July 3 : Oil prices rose slightly on Friday before a long holiday weekend in the U.S. as wary optimism held over efforts to make peace in the Middle East between the United States and Iran. Brent futures were up 17 cents, or 0.24 per cent, to $72.10 a barrel as of 0155 GMT. West Texas Interme ...
2 days ago
Sembcorp shares fall to four-month low after Citi cuts profit forecasts
Shikhar Gupta - The counter is down 3.9% in early trading on Friday
2 days ago
Sembcorp shares fall to four-month low; Citi cuts profit forecasts
Shikhar Gupta - The counter declined 4.2% earlier on Friday, but has pared some losses to be 3.7% down as at midday
2 days ago
Trump thinks Musk will donate SpaceX stock to US child savings scheme
The tax-advantaged Trump savings accounts will launch on Jul 4
2 days ago
Dollar heads for weekly drop as jobs data dims Fed hike bets
HONG KONG, July 3 : The U.S. dollar was on track for the biggest weekly drop in nearly three months on Friday, after a tepid June jobs report pushed back markets expectations for Fed rate hikes, providing some relief for the embattled yen. Softness in the greenback continued in early Asian trade, wi ...
2 days ago
Dollar set for biggest weekly drop since April after jobs data lowers Fed hike bets
LONDON, July 3 : The U.S. dollar was heading towards its biggest weekly loss in 12 weeks on Friday after Thursday's tepid U.S. jobs report cooled market expectations for a near-term Federal Reserve interest rate hike, providing relief for the Japanese yen. Broad dollar weakness lifted the euro ...
2 days ago
Dollar set for biggest weekly drop since April as soft jobs data blunts Fed hike bets
LONDON, July 3 : The U.S. dollar was heading towards its biggest weekly loss in 12 weeks on Friday after a tepid U.S. jobs report cooled market expectations for a near-term Federal Reserve interest rate hike, providing some relief for the embattled Japanese yen. Broad dollar weakness lifted the euro ...