WeChat at the centre of China’s business universe
Daryl Guppy - In recent weeks, I have been working with some South African clients who are interested in the Chinese market, either as exporters or as domestic business partners. It has been a useful reminder of how China is mythologised: “It is a vast single market”; misunderstood: “Everything is state-con ...
Valuing companies using discounted assets
Thiveyen Kathirrasan - The three main financial statements investors should use for analysis and valuation of a company are the income statement, balance sheet and cash flow statement. The goal of analysing and valuing a company should be to estimate the price at which the investor thinks the company should be trading. Th ...
Cash is king, until it is not: Lombard Odier
Kwan Wei Kevin Tan - Cash. The one asset class that nearly every investor, rich or poor, has exposure to. Whether you are a billionaire paying top dollar to your fund managers or private bankers to grow your wealth, or a retail investor hoping to get rich buying the dip, you probably have some cash or cash equivalents l ...
China market headed for another upcycle, says T Rowe Price’s Zheng
Kwan Wei Kevin Tan - It’s really hard to make sense of China’s economy at times. On the one hand, Asia’s largest economy has been grappling with an economic slowdown for the past few years after its property sector suffered a historic bust in 2020. China has lowered its GDP growth target to 4.5% to 5% for 2026, do ...
BlackRock EQDP fund makes ‘systematic’ bet on Singapore equities
Kwan Wei Kevin Tan - Investors now have a wide range of options when choosing which Equities Market Development Programme (EQDP) fund manager to entrust with their capital. The Monetary Authority of Singapore (MAS) has so far allocated $3.95 billion of the $6.5 billion fund to nine fund managers. The MAS-appointed asset ...
Uneventful 1Q anchors analysts’ views on Seatrium
Lin Daoyi - Multiple analysts have mostly maintained their confident outlook on offshore and marine giant Seatrium after an uneventful first quarter in which the company did not secure any significant new contract wins, but continued its steady execution of projects and balance sheet strengthening while hunting ...
Resilient platform at Sats inspires higher target price; elevated input costs could cause margin compression
Teo Zheng Long - The global aviation industry is bracing for some turbulence with fuel costs testing the hedging skills of airline executives. However, for ground handler Sats (SGX: S58 ) , having integrated the acquisition of WFS, is revving its growth engine just fine, even if not firing on all cylinders. “The c ...
Broker's Digest: Mapletree Industrial Trust, IHH, Elite UK REIT, Addvalue, Nordic, Valuetronics, UI Boustead REIT
The Edge Singapore - Mapletree Industrial TrustPrice target: DBS Group Research ‘hold’ $2.05 Pending further positive developments
Asian stocks take another hit from AI, Middle East worries
HONG KONG: Asian equities went into reverse on Friday (Jun 5) on continued worries about the artificial intelligence trade after disappointing forecasts from chip titan Broadcom, while investors were also keeping a wary eye on
Tumbling stocks, sinking rupiah: ‘Sell Indonesia’ sweeps trading desks as Prabowo tightens grip
His move to take direct control of key commodity exports to curb tax evasion triggered a sell-off in exporter stocks
China speeds past Japan in Australian car imports on EV bonanza
Electric vehicles and hybrids account for almost half of the cars sold in Australia in May
Does NTA mean anything?
Goola Warden - Going by the valuation accorded to Sats and its price performance, net tangible asset (NTA) doesn’t matter since Sats’ share price has risen by about 20% (as at June 3) following the announcement of its FY2026 results on May 25. This is despite Sats’ historic NTA fluctuating around plus or min ...
New US tariff, exemptions will provide growth stimulus for Indonesia, minister says
JAKARTA, June 5 : Indonesia's chief economic minister said on Friday that an additional 10 per cent duty imposed by the United States on the country's exports, along with the exemptions expected for some of its key products, could help to stimulate economic growth.The U.S. Trade Representa ...
Vingroup’s 1,000% surge tests limits of Vietnam’s market boom
The conglomerate is now worth more than any Indonesian company and even surpasses regional heavyweights Singtel and JD.com
Vingroup’s shares surge 1,000% to overtake regional heavyweights including Singtel and JD.com
Vingroup’s blistering rally has made it the biggest company within frontier markets, and one of the most expensive across Asia
Qantas weighs order for 20 Boeing or Airbus wide-body jets, sources say
Singapore Airlines has opened discussions to buy at least 50 of the industry’s biggest jets, Reuters reported earlier
KGI's Chen initiates coverage on OKP with 'outperform' call and $1.31 target price
The Edge Singapore - Chen Guangzhi of KGI Securities has initiated coverage on construction firm OKP Holdings with a bullish "outperform" call and $1.31 price target, citing the ongoing multi-year infrastructure upcycle that supports the company's orderbook replenishment. "OKP is well positioned to b ...
South Korean stocks slide as cracks emerge in world-beating rally
Retail investors, once key drivers, are showing less willingness to commit fresh cash
Philippine annual inflation slows to 6.8% in May
MANILA, June 5 : Philippine annual inflation stood at 6.8 per cent in May, below the previous month's 7.2 per cent rate, driven mainly by slower increases in food and transport costs, the statistics agency said on Friday. • The consumer price index was below the 7.5 per cent median forecast i ...
Philippine central bank to act as May inflation stays above target
MANILA, June 5 : The Philippine central bank said on Friday it will "take necessary actions" to bring inflation back to its target, after the annual pace of consumer price growth remained above its 3 per cent goal for a third straight month in May.Annual inflation unexpectedly slowed to 6. ...
Yen hits key 160 level for third session, dollar buoyed by Gulf woes
HONG KONG, June 5 : The Japanese yen is testing the 160 barrier on Friday, prompting pushback from Japanese officials, while the U.S. dollar is on track for a weekly gain as Gulf tensions fuel safe-haven flows.The yen weakened to the critical 160-per-dollar mark briefly in early trades, hitting the ...
Gold steadies as uncertainty surrounds progress in US-Iran talks
The war’s protracted disruption to energy flows via the Strait of Hormuz has driven oil prices higher
Civmec order book hits record S$1.5 billion on new resources, infrastructure projects
Therese Soh - The new awards are set to be delivered across FY2027 and FY2028
Stocks to watch: CDL, IReit, Civmec
Deon Loke - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Jun 5):
US-Iran ceasefire talks stall after Hizbollah rejects Lebanon-Israel truce
Among the conditions Iran has set was an end to Israel’s attacks in Lebanon
US-Iran ceasefire talks stall after Hizbollah rejects truce
Among the conditions Iran has set was an end to Israel’s attacks in Lebanon
US-Iran talks progress stalls after Hizbollah rejects truce
Among the conditions Iran has set was an end to Israel’s attacks in Lebanon
Japan proposes rebuilding ageing nuclear plants to meet power demand
TOKYO: Japan needs to rebuild between two and five ageing nuclear reactors by the 2040s and as many as 11 to 14 by the 2050s to secure stable power supply, the Ministry of Economy, Trade and Industry said in a policy proposal on Friday (Jun 5).The proposal, outlined at a meeting on nuclear policy, r ...
US officials eye government stakes in AI companies, NOTUS reports
June 4 : Senior U.S. officials held preliminary discussions with major AI companies about the potential for the government to buy some shares in their firms, digital news outlet NOTUS reported on Thursday, citing three people familiar with the matter.While the planning is ongoing and details are in ...
Japan renews warning of 'decisive action' versus weak yen
TOKYO, June 5 : Japan is ready to respond appropriately at any time on foreign exchange and reserves the right to take "decisive action" against excessive volatility, Finance Minister Satsuki Katayama said on Friday as the yen hovered around the key 160-per-dollar.The remarks came as inves ...
Japan finance minister repeats readiness to act on forex
TOKYO, June 5 : Japanese Finance Minister Satsuki Katayama said on Friday that the government is prepared to respond appropriately at any time as needed on foreign exchange, as the yen hovered around the key 160-per-dollar level."On foreign exchange, we will respond appropriately at any time wh ...
Japan warns of 'decisive action' to defend yen as FX reserves tumble
TOKYO: Japan is ready to respond at any time on foreign exchange and reserves the right to take "decisive action" against excessive volatility, Finance Minister Satsuki Katayama said on Friday (Jun 5) as the yen teetered near the key 160-per-dollar threshold.The remarks came as investors s ...
Anthropic calls for pause of global AI development
Getting a real pause to work would mean multiple major AI companies in multiple countries - most notably the US and China - all agreeing to stop at the same time, under rules everyone could actually verify, Anthropic said.
SpaceX blocked from early US benchmark index entry as S&P reaffirms existing rules
June 4 : S&P Global said on Thursday it was not changing the requirements for entry into its major indices, dealing a setback to Elon Musk's SpaceX by effectively ruling out a swift entry for the world's biggest-ever IPO into the benchmark S&P 500 index.Musk has rewritten the IPO p ...
