16 hours ago
Penang’s rising horizon: E&O’s RM60 billion Andaman Island moves from homes to hubs
Tan Ai Leng - Penang’s iconic Gurney Drive gains a new neighbour with the recent opening of a second bridge linking Andaman to George Town
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
16 hours ago
Foo of DBS raises target price for GuocoLand to $3.30
The Edge Singapore - Tabitha Foo of DBS Group Research has raised her target price for GuocoLand from $3 to $3.30 after it reported a 14% y-o-y jump in its 1HFY2026 earnings. At $85 million, GuocoLand's bottom line was 64% of Foo's full-year projection. She attributes this to lower-than-expected financing cost ...
16 hours ago
JPMAM urges portfolio rebalancing as 2026 tests investors
Samantha Chiew - Just when the market thought 2025 had been turbulent, 2026 is expected to be just as unsettled, if not more so. Even so, opportunities remain for investors who stay disciplined and anchored to sound fundamentals. “We are still talking about a very constructive backdrop,” says Raisah Rasid, globa ...
16 hours ago
Sandisk forecasts profit surge, secures supply deal as AI fuels storage demand
SAN FRANCISCO, Jan 29 : Sandisk on Thursday predicted profits and sales well above Wall Street estimates and extended a major supply agreement, riding a surge in artificial-intelligence-driven demand for data storage.The data storage firm forecast fiscal third-quarter revenue with a midpoint of $4.6 ...
16 hours ago
The time has come to shutter the World Economic Forum
Katharina Pistor - Canadian Prime Minister Mark Carney delivered a near-flawless speech about the past, present and future of the current world order. It is a text that will almost certainly be cited by future historians. The only problem was the venue: the World Economic Forum’s annual gathering of the rich and pow ...
16 hours ago
Festive cheers and new recycling scheme cast spotlight and shadow on beverage producers
Teo Zheng Long - With the upcoming festive celebrations, consumer spending could see an uplift. Besides tossing yusheng, more cans and bottles will be cracked open not only at dinner tables but also during house visits, boosting seasonal sales for beverage producers. However, in the name of sustainability, the gover ...
16 hours ago
UOL reaches record level with earnings upside, with residential sales plus value unlock opportunities
The Edge Singapore - Property stocks have been making decent gains amid prospects of further rate cuts, buoyed by a strong Singapore market. UOL Group, a component of the Straits Times Index, stands out for its gain of more than a quarter in the past month alone, reaching a record of $11.18 on Jan 27, following a call b ...
17 hours ago
ST Engineering gets a wave of higher target prices as order book hits new high
The Edge Singapore - Singapore Technologies Engineering (STE) on Feb 27 will report lower earnings in FY2025 ended Dec 31, 2025. Still, several analysts have further raised their target prices for this stock to new levels in tandem with an order book reaching a new record. The company ended last year with yet another bu ...
17 hours ago
Brokers' Digest: Info-Tech Systems, Centurion Corp, Raffles Medical Group, Coliwoo Holdings, Seatrium
The Edge Singapore - Info-Tech Systems Price target: CGS International ‘add’ $1.10 ‘Strong re-rating potential’ following post-IPO drop CGS International (CGSI) analysts Meghana Kande and Tan Jie Hui have maintained their bullish view of Info-Tech Systems, assigning an “add” rating and a $1.10 target price. ...
17 hours ago
Singapore may be ‘small’ by land, but big for Rolls-Royce
Lionel Lim - The city-state is responsible for about 90% of all the engine blades the British manufacturer makes annually
17 hours ago
Raffles Education unit’s land in China to be acquired by government for urban planning
Therese Soh - The group says it cannot currently assess the impact of the proposed respossession
17 hours ago
Stocks to watch: MPACT, Keppel DC Reit, NetLink NBN, CapitaLand Ascott, GuocoLand, Starhill Global, CDLHT, SGX
Therese Soh - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Jan 30):
17 hours ago
Mapletree Pan Asia Commercial Trust Q3 DPU rises 2.5% to S$0.0205
Jessie Lim - [SINGAPORE] Mapletree Pan Asia Commercial Trust (MPACT) on Friday (Jan 30) posted a distribution per unit (DPU) of S$0.0205 for the third...
18 hours ago
CDLHT’s FY2025 DPS down by 9.8% y-o-y to 4.8 cents
Felicia Tan - CDL Hospitality Trusts (CDLHT) has reported a distribution per stapled security (DPS) of 4.8 cents for the FY2025 ended Dec 31, 2025, 9.8% lower y-o-y, due to the decline in overall net property income (NPI). DPS for the 2HFY2025 inched up by 0.4% y-o-y to 2.82 cents. Total distribution to stapled s ...
18 hours ago
CDLHT posts 0.4% rise in H2 DPS to S$0.0282
Deon Loke - Gross revenue for the half-year period is up 7.2 per cent at S$142.5 million
18 hours ago
California wealth tax would cause rich to flee, Newsom warns
At least half a dozen billionaires have left California
18 hours ago
California wealth tax would cause rich to flee, governor Newsom warns
At least six billionaires have already left the state ahead of the Jan 1 residency cut-off
18 hours ago
Keppel DC Reit H2 DPU up 7.1% at S$0.05248 on the back of acquisitions, strong portfolio reversion
Navene Elangovan - It posts a record full-year DPU of S$0.10381
18 hours ago
Keppel DC Reit H2 DPU up 7.1% at S$0.05248
Navene Elangovan - It posts a record full-year DPU of S$0.10381
18 hours ago
Core inflation in Tokyo slows, still on track to hit BOJ goal
TOKYO, Jan 30 : Core inflation in Japan's capital slowed to a 15-month low in January due to the effects of gasoline subsidies and easing price pressure on food, data showed on Friday, a sign consumers were getting some respite from the rising cost of living.But an index stripping away the effe ...
18 hours ago
Core inflation in Japan's capital slows in January
TOKYO, Jan 30 : Core consumer prices in Japan's capital rose 2.0 per cent in January from a year earlier, data showed on Friday, slowing from the previous month but matching the central bank's target.The increase in the Tokyo core consumer price index, which excludes volatile costs of fres ...
18 hours ago
Keppel DC REIT's DPU rises 9.8% in FY2025 after setting aside capex and ULP reserves
The Edge Singapore - Keppel DC REIT’s distribution per unit (DPU) rose 9.8% y-o-y to 10.381 cents in FY2025 for the 12 months to Dec 31, 2025. Distributable income rose by 55.2% y-o-y to $268.1 million for FY2025. The increase was mainly driven by contributions from the acquisitions of Keppel DC Singapore 7 and 8 and ...
18 hours ago
Bitcoin slide below US$85,000 leads to US$1 billion in liquidations
The digital currency is down more than 30 per cent from an all-time high on Oct 6
18 hours ago
MPACT's 3QFY2026 DPU up 2.5% y-o-y to 2.05 cents
The Edge Singapore - Mapletree Pan Asia Commercial Trust (MPACT) has reported distribution per unit (DPU) of 2.05 cents for its 3QFY2026, up 2.5% y-o-y. This brings its total payout for the nine months ended Dec 31, 2025 to 6.07 cents. MPACT managed to pay a higher DPU despite a slightly lower net property income as it ...
19 hours ago
US has investigated claims that WhatsApp chats aren’t private
US LAW enforcement has been investigating allegations by former Meta Platforms contractors that Meta personnel can access WhatsApp messages, despite the company’s statements that...
19 hours ago
SGX RegCo rolls out public consultation to support wider adoption of broker custody accounts
Lin Daoyi - Singapore Exchange Regulation (SGX RegCo) today launched a public consultation exercise on modernising the Singapore equities post-trade custody model. The consultation paper seeks feedback on the proposed rule amendments to facilitate the broader use of broker custody accounts, in particular, on an ...
19 hours ago
Elon Musk's SpaceX said to consider merger with Tesla, Bloomberg News reports
Jan 29 : Elon Musk's SpaceX is considering a potential merger with Tesla as well as an alternative combination with artificial-intelligence company xAI, Bloomberg News reported on Thursday, citing people familiar with the matter.Tesla's shares were up 3 per cent after the bell following th ...
19 hours ago
Microsoft plunges, Meta rallies as investors demand AI payoffs
Microsoft is under growing investor pressure to justify its soaring capital outlay
19 hours ago
Apple sales, profit beat Wall Street estimates amid ‘staggering’ iPhone demand
The tech giant said iPhone sales set records in every geographic segment
19 hours ago
Perplexity signs $750 million AI cloud deal with Microsoft, Bloomberg News reports
Jan 29 : AI startup Perplexity has signed a $750 million agreement with Microsoft to use its Azure cloud service, Bloomberg News reported on Thursday, citing people familiar with the matter.The three-year deal will allow Nvidia-backed Perplexity to run a range of AI models through Microsoft's F ...
20 hours ago
Trading day: Volatility surge, tech wreck
20 hours ago
Oil prices surge 3% to five-month high on worries US could attack Iran
Iran is the third-biggest crude producer in Opec
20 hours ago
What’s the potential cost of India’s US$100 billion bet on AI data centres?
India’s data centre investments are set to top US$100 billion by 2027, even as water, power and environmental concerns slow expansion elsewhere. In part two of CNA’s series on India’s AI push, we look at what’s driving the boom - and the lessons ahead.
20 hours ago
Commentary: A breakthrough law won’t kill Korea’s AI revolution
South Korea is stress-testing how an advanced economy can roll out AI without letting scams, deepfakes and slop wallop public trust, says Catherine Thorbecke for Bloomberg Opinion.