23 hours ago
SIA shares tumble on net profit drop; CGSI expects ‘persistent’ Air India losses
Shikhar Gupta - The counter declines to as low as S$6.41 after market opens
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
23 hours ago
SIA shares fall on net profit drop; analysts expect Air India losses to continue
Shikhar Gupta - The counter falls as low as S$6.41 after market opens
23 hours ago
SIA shares fall as much as 3.6% on net profit drop
Shikhar Gupta - The counter drops as low as S$6.41
23 hours ago
Singapore Airlines shares fall as much as 3.6% on net profit drop
Shikhar Gupta - The counter droppped as low as S$6.41
23 hours ago
SIA shares fall 2% on net profit drop; analysts expect Air India losses to continue
Shikhar Gupta - Morningstar and OCBC analysts view Singapore Airlines’ stake in Air India positively, despite an expected near-term earnings drag
24 hours ago
Broker's digest: Zixin, Sanli, CA-REIT, Food Empire, CSE Global, UMS Integration, Boustead
The Edge Singapore - Zixin Group Price target: Lim & Tan ‘buy’ 6.6 cents Fully integrated vertical value chain Lim & Tan Securities analyst Nicholas Yon has initiated a “buy” call on Zixin Group with a target price of 6.6 cents. The target price is pegged to 10 times FY2026 P/E ratio, which is significan ...
24 hours ago
South Korea to boost EV subsidies in 2026 to help auto industry weather US tariffs
SEOUL :South Korea's government said on Friday it would boost subsidies for electric vehicles (EVs) by 20 per cent next year as part of a package to help the country's auto industry weather risks caused by U.S. tariffs. The government said in a statement passenger EV subsidies would be inc ...
24 hours ago
Ant International brings iris scanning to smart glasses to power AR commerce
Nurdianah Md Nur - Ant International has integrated iris authentication into Alipay+ GlassPay, its payment solution for augmented reality(AR)/smart glasses, to support merchants and digital platforms in developing more personalised and efficient consumer experiences. Successfully tested on AlipayHK, the solution enabl ...
1 day ago
Frasers Property full-year profit rises 17.8% to S$243.1 million
Shikhar Gupta - A dividend of S$0.045 per share has been proposed
1 day ago
Frasers Property full-year profit rises 17.8% to S$243 million on fair value gains; revenue dives S$800 million
Shikhar Gupta - A dividend of S$0.045 per share has been proposed
1 day ago
Frasers Property full-year profit rises 17.8% to S$243 million on fair-value gains
Jessie Lim - The group is exploring a redevelopment of Yishun 10
1 day ago
Frasers Property H2 profit falls 32.2% to S$100.9 million on lower contributions from residential projects
Jessie Lim - The group is exploring a redevelopment of Yishun 10
1 day ago
Bitcoin sinks deeper below US$100,000 as bear market grips crypto
BITCOIN sank deeper below the US$100,000 mark, dragged down by a fresh wave of risk aversion and a selloff in tech stocks...
1 day ago
Stocks to watch: SIA, Sats, Venture Corp, Frasers Property, First Resources, Bumitama Agri, StarHub, Centurion
Therese Soh - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Nov 14):
1 day ago
First Resources reports underlying net profit of US$239.6 million, up 58% y-o-y
Lin Daoyi - First Resources has announced a 58% y-o-y increase in its underlying profit to US$239.6 ($311.8) million for the nine months ending Sept 30. In a business update, the Indonesia-based palm oil company says overall revenue in the same period was up by nearly 60% to nearly US$1.14 billion from US$711.1 ...
1 day ago
United Hampshire US Reit Q3 distributable income up 15.5% at US$7 million
Therese Soh - This is due to commencement of new leases, rental escalations from existing leases and lower interest costs
1 day ago
Thai economic growth likely slowed sharply in Q3 on weak consumption: Reuters Poll
BENGALURU :Thailand's economic growth likely slowed sharply last quarter as weak household spending and ongoing domestic uncertainty offset gains from exports, a Reuters poll of economists showed.Weighed down by high debt and fragile confidence, private consumption - a key driver of economic gr ...
1 day ago
United Hampshire US REIT reports distributable income of US$7 million for 3QFY2025, up 15.5% y-o-y
The Edge Singapore - United Hampshire US REIT has reported 3QFY2025 revenue of US$18.1 million, up just 1.4% y-o-y. Yet, net property income was up 5.7% y-o-y to US$12.7 million and distributable income of US$7 million, an increase of 15.5% y-o-y, thanks to lower financing costs. This brings its 9MFY2025 revenue to US$5 ...
1 day ago
First Resources Q3 profit surges 43.5% to US$87.5 million
Shikhar Gupta - This is due to a combination of higher average selling prices and sales volumes
1 day ago
StarHub’s Q3 profit falls 35.3% to S$26.2 million
Deon Loke - Revenue for the period is down 4.3% at S$550.3 million
1 day ago
Frasers Property reports 17.8% rise in attributable profit for FY2025, dividend unchanged
The Edge Singapore - Frasers Property (FPL) reported a 17.8% y-o-y gain in profit after interest, fair value change, tax and exceptional items, and non-controlling interests of $243.1 million in FY2025 for the 12 months to end-Sept. However profit before interest, tax, fair value change, exceptional items and non-contro ...
1 day ago
StarHub reports 3QFY2025 earnings of $26.2 million, down 35.3% y-o-y
The Edge Singapore - StarHub has reported lower earnings for its 3QFY2025, due to lower ebitda and higher depreciation, amid lower revenue. For the three months to Sept 30, earnings dropped 35.3% y-o-y to $26.2 million, which brings its 9MFY2025 earnings to $88.2 million. The bottom line was also hurt by a one-off forfe ...
1 day ago
How the US ended up with radioactive shrimp and sneakers from Indonesia
THE first sign of trouble surfaced thousands of kilometres from Indonesia.
1 day ago
Australian AI company Firmus to raise $325 million to accelerate AI infrastructure rollout
Australia's Firmus announced on Friday an equity raise of A$500 million ($324.90 million) as the artificial intelligence company and potential IPO candidate looks to accelerate development of Project Southgate, its AI infrastructure initiative.The move comes as global firms push for more invest ...
1 day ago
Nvidia-backeed Australian AI company Firmus raises $325 million
Australia's Firmus announced on Friday it would raise A$500 million ($324.9 million) in a new funding round, as the artificial intelligence company and potential IPO candidate looks to accelerate development of Project Southgate, its AI infrastructure initiative.The fundraising, the second in t ...
1 day ago
Apple and OpenAI must face X Corp’s lawsuit for now, US judge rules
APPLE Inc and ChatGPT maker OpenAI on Thursday failed to convince a federal judge to dismiss a lawsuit by Elon Musk’s X...
1 day ago
YouTube superstar MrBeast opens pop-up park in Saudi Arabia
MRBEAST, the world’s most followed YouTuber with over 450 million subscribers, opened a temporary amusement park in Riyadh on Thursday, the latest...
1 day ago
Apple and OpenAI must face X Corp's lawsuit for now, US judge rules
Apple Inc and ChatGPT maker OpenAI on Thursday failed to convince a federal judge to dismiss a lawsuit by Elon Musk’s X Corp accusing them of conspiring to monopolize markets for smartphones and generative AI chatbots.In his ruling, U.S. District Judge Mark Pittman in Fort Worth, Texas, said Musk ...
1 day ago
Boeing union votes to end strike, accept new contract
MORE than 3,000 striking Boeing defence workers on Thursday voted to end a strike over wage increases and retirement benefits, one of...
1 day ago
Trading Day: Fed hopes melt, stocks sink
1 day ago
Fed hopes melt, stocks sink
1 day ago
US: Wall Street tumbles as Nvidia slides, investors fret that Fed may slow rate cuts
WALL Street ended sharply lower on Thursday, with steep losses in Nvidia and other AI heavyweights, as investors scaled back expectations of...
1 day ago
Commentary: Feel like you can’t get a job? Here’s how to work around it
The new hiring landscape rewards strategy, not volume, says an academic.
1 day ago
Europe: Shares close lower with upcoming US data in focus; Siemens slides
EUROPEAN shares closed lower on Thursday, as investors shifted their focus to crucial US economic data following the end of the nation’s longest...