Business Headlines & Singapore Stock Market News | SGinvestors.io

Business Headlines & Market News

Business Headlines and Stock Market News by Singapore Financial News Publishers

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As China's recovery wobbles, economists expect more policy easing

Michelle Quah - China may need more monetary and fiscal easing to halt an economic slowdown in the wake of torrential rains and flooding, and authorities' tough response to outbreaks of the highly-transmissible coronavirus Delta variant, economists say.

Japan's financial watchdog to step up scrutiny of ESG claims, says new chief

Michelle Quah -

COE prices close mixed at the end of Aug 4 bidding exercise

Climate and board diversity disclosures among topics in upcoming SGX consultation

Raphael Lim - DISCLOSURE requirements must evolve in tandem with investor expectations, or the market and its issuers risk being left behind, said Tan Boon Gin, chief executive of Singapore Exchange Regulation (SGX RegCo) on Wednesday.

China coal impairment could drastically hit Sembcorp's 1H, FY21 earnings: CGS-CIMB

Jeffrey Tan - Ahead of Sembcorp Industries’ 1HFY2021 results ended June 30, which are expected to be released on Aug 6, CGS-CIMB Research has forecast the company's earnings to plunge 94% to just $12 million from a year ago. The brokerage has also forecast the company’s FY2021 earnings to decline 20% from FY2 ...

CGS-CIMB keeps 'add' call on Hongkong Land, sees performance stabilising

Atiqah Mokhtar - CGS-CIMB Research has maintained its “add” call and target price of US$5.70 ($7.70) for Hongkong Land Holdings after it reported losses of US$865 million for the 1HFY2021 ended June on July 29. Despite the loss, analysts Raymond Cheng, Will Chu, and Steven Mak point out that underlying earnings ...

Hugo Boss expects recovery to continue through 2021

Michelle Quah -

Enterprise Singapore aims to catalyse over S$150m of investments in deep tech

Claudia Chong - ENTERPRISE Singapore's (ESG) investment arm is appointing more co-investors to catalyse over S$150 million worth of investments into deep tech sectors.

All hospitals to ban visitors to wards from Aug 5 to 18; exceptions on case-by-case basis

Its outlook may be weak but 'buy' this stock on its cheap valuations

Samantha Chiew - In its latest FY2021 ended June results, Starhill Global REIT (SGREIT) recorded a 33.4% y-o-y increase in DPU to 3.95 cents. This came on the back of a slight 0.3% y-o-y increase in gross revenue to $181.3 million, bringing net property income to $134.7 million, 2.0% higher than last year. The REIT� ...

MyRepublic makes two new senior appointments as it keeps IPO ambition going

The Edge Singapore - Telco MyRepublic has appointed Jeannie Ong as its group chief investor relations officer. In this newly-created role, Ong will help lead the company to a possible IPO “in the near future”, while also overseeing its corporate communications function. Ong was previously chief strategic partnership ...

ByteDance rival Kuaishou to end services of short video app Zynn this month

Michelle Quah - The termination of Zynn is part of its normal operations, and the company's other products for markets outside China will not be affected, Kuaishou said in a statement.

Rolls-Royce agrees sale of Norway's Bergen for US$131 million

Michelle Quah - Rolls-Royce said it agreed to sell its Norwegian maritime engine business Bergen to UK-based Langley Holdings, in a deal which will boost the British aero-engine maker's finances by 110 million euros (US$130.6 million).

Toyota posts record profit but cautious on outlook as chip crunch weighs

Tan Nai Lun - Toyota Motor Corp reported on Wednesday a first-quarter operating profit of 997.49 billion yen (US$9.15 billion), up from 13.9 billion yen a year earlier as pandemic-hit sales rebounded and it weathered a global chip supply shortage better than many rivals.

Asian shares shrug off Delta woes to hit 1-week highs

Tan Nai Lun - Asian shares advanced to one-week highs on Wednesday, led largely by strong U.S. corporate earnings, although the mood remained cautious as the rapidly spreading Delta variant of the coronavirus clouds the global economic outlook.

Rothschild-backed RIT co-leads funding for crypto platform Aspen Digital

Michelle Quah - RIT Capital Partners, the investment trust founded by Jacob Rothschild, is co-leading a funding round for crypto investment platform Aspen Digital intended to finance the creation of an online platform that would give wealthy investors a single portal to manage crypto investments.

Honda swings to Q1 operating profit, trounces estimates

Michelle Quah - Honda Motor Co swung on Wednesday to a first-quarter operating profit of 243.21 billion yen (US$2.23 billion) from a 113.7 billion loss a year ago as car sales recovered from the impact of the COVID-19 pandemic.

Sony posts 26per cent rise in Q1 operating profit on pandemic-led PS5 demand

Tan Nai Lun - Sony Corp on Wednesday reported a 26.3per cent rise in first-quarter operating profit, benefiting from lingering pandemic-led demand for its PlayStation 5 games console.

Sony posts record Q1 profit on pandemic demand for devices and content

Michelle Quah -

Toyota reports record profit amid COVID-19 pandemic, keeps forecasts

Michelle Quah - Toyota reports record profit amid pandemic, keeps forecasts

Thales to sell signalling business to Hitachi in US$2 billion deal

Michelle Quah - PARIS :Thales, Europe's largest defence electronics company, confirmed on Wednesday it was in advanced talks to sell its railway signalling business to Japan's Hitachi in a deal that values the division at 1.66 billion euros (US$2 billion).

Dull quarter for MBS and RWS, but 'buy' Genting Singapore: UOB Kay Hian

Jovi Ho - UOB Kay Hian Research analysts Vincent Khoo and Jack Goh are maintaining “overweight” on the gaming sector in Singapore, with Marina Bay Sands (MBS) delivering a lacklustre quarter yet again and Resorts World Sentosa (RWS) expecting a “similarly dull” outlook. “While we remain confident th ...

CGS-CIMB ups Yangzijiang's TP to $1.91 on strong year-to-date orders

Felicia Tan - CGS-CIMB Research analyst Lim Siew Khee has reiterated “add” on Mainboard-listed Yangzijiang Shipbuilding with a higher target price of $1.91 from $1.63 previously. Lim’s report, dated Aug 2, comes after the group signed new orders for a total contract value worth US$1.08 billion ($1.46 billio ...

China's Nayuki says gets clean chit on food safety after regulatory checks

Michelle Quah - Chinese teahouse company Nayuki Holdings said on Wednesday inspections by regulators of its stores had unearthed no food safety violations as described in a Xinhua report and that it was not fined or penalised.

Is a merger between Keppel REIT and SPH REIT on the cards? DBS seems to think so

Felicia Tan - The acquisition of Singapore Press Holdings (SPH) by Keppel Corporation looks to be a “winning hand” according to the analysts, Ho Pei Hwa, Geraldine Wong, Rachel Tan and Derek Tan at DBS Group Research. In an Aug 3 report, the analysts deem the deal to be a value-accretive one for SPH and “bo ...

Nissan's battery partner to spend over US$450 million on new plant in Japan

Michelle Quah - Nissan Motor Co's Chinese battery partner Envision AESC said on Wednesday it would spend 50 billion yen (US$460 million) to build a new battery plant in Japan's Ibaraki prefecture north of Tokyo.

Spain's La Liga attracts US$3.2 billion investment from CVC

Michelle Quah -

Southeast Asia's factory powerhouses hit by vaccination woes, Delta

Michelle Quah - Fresh outbreaks of the Delta coronavirus variant in Southeast Asia have crippled its factory sector, disrupting global supplies of goods such as rubber gloves, semiconductors and SUVs and threatening the US$3 trillion region's recovery.

Toyota Q1 operating profit jumps to US$9.2 billion, beats expectations

Tan Nai Lun - Toyota Motor Corp reported on Wednesday a first-quarter operating profit of 997.49 billion yen (US$9.15 billion), up from 13.9 billion yen a year earlier as pandemic-hit sales rebounded and it weathered a global chip supply shortage better than many rivals.

MyRepublic appoints senior executives as it seeks to go public

Yong Jun Yuan - MYREPUBLIC announced on Wednesday that it has appointed Jeannie Ong to be the group's chief investor relations officer (CIRO) as it seeks an initial public offering (IPO) in the near future.

Apple works with Chinese suppliers for latest iPhones -Nikkei

Tan Nai Lun - Apple Inc is working with more Chinese suppliers to produce its latest iPhones, Japan's Nikkei newspaper said on Wednesday, as a tech feud stemming from a trade war with the United States prompts Beijing to strengthen domestic firms.

Apple works with Chinese suppliers for latest iPhones - Nikkei

Michelle Quah - Apple Inc is working with more Chinese suppliers to produce its latest iPhones, Japan's Nikkei newspaper said on Wednesday, as a tech feud stemming from a trade war with the United States prompts Beijing to strengthen domestic firms.

Woman seen without mask in viral videos denied release without bail; set to plead guilty

maria.almenoar -

Toyota Q1 operating profit jumps to US$9.2 billion

Tan Nai Lun - Toyota Motor Corp reported on Wednesday a first-quarter operating profit of 997.49 billion yen (US$9.15 billion), up from 13.9 billion yen a year earlier as pandemic-hit sales rebounded and it weathered a global chip supply shortage better than many rivals.

Toyota, Honda beat profit estimates but warn of extended chip crunch

Michelle Quah - Toyota Motor Corp reported on Wednesday a first-quarter operating profit of 997.49 billion yen (US$9.15 billion), up from 13.9 billion yen a year earlier as pandemic-hit sales rebounded and it weathered a global chip supply shortage better than many rivals.

New Covid-19 cases at CGH not linked to previous cluster; hospital says operations continue as normal

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