RHB's Yeo raises Frencken's target price to $2.03 with demand picking up from customer restocking
The Edge Singapore - Alfie Yeo of RHB Bank Singapore has kept his "buy" call and raised his target price for Frencken Group to $2.03 from $1.66, as he turns more bullish on this counter with a more "robust growth outlook, strong economic fundamentals in Malaysia and Singapore". And of course, its key ...
Singtel straps on more engines for growth beyond 2028
The Edge Singapore - The Straits Times Index is at record levels and Singapore Telecommunications (Singtel) shares have doubled since the start of 2024. Operational turnaround helped, as the company bit the bullet and wrote down struggling investments in ill-fated new ventures. The kicker for the current run, however, i ...
Rolls-Royce admits Thai Airways shortfall, plots aggressive regional comeback
Shikhar Gupta - RR is rolling out the final phase of its upgraded Boeing 787 engine, the Trent 1000 XE, this quarter
OUE REIT gets higher target prices with lower financing costs and operational growth
Teo Zheng Long - Several analysts have raised their target prices for OUE REIT (SGX: TS0U ) despite a “stable” set of FY2025 numbers, as they expect better performance ahead as financing costs dip further, while operational performance holds steady. Analysts from OCBC Group Research, CGS International, DBS Group ...
UOBKH's Loh raises Keppel target price to $13.23, cheers higher dividends
The Edge Singapore - Adrian Loh of UOB Kay Hian has raised his target price for Keppel from $11.70 to $13.23, following what he calls a "strong" set of FY2025 numbers, where the company pleased shareholders with higher dividends, along with guidance for more. For the year ended Dec 2025, the company's net ...
STI may remain rangebound, with support at 4,800 and 4,735 points; resistance around 5,000 points
Felicia Tan - The Straits Times Index (STI) has been teasing eager market watchers by going closer (but not quite there yet) to the 5,000 mark. The STI closed at its all-time high of 4,975.87 points on Feb 6, but previous all-time highs saw the STI dipping to below the 4,900 mark. Last weekend, The Edge Singapore ...
Nam Cheong’s turnaround inspires bullish calls from DBS, CGSI
Lin Daoyi - Large-cap stocks have been the focus of most market watchers as the Straits Times Index scales new heights over the last two years. However, with blue-chip stock prices running ahead of themselves, some investors are tempted to seek out undervalued sectors and stocks. The offshore and marine (O& ...
BYD’s US$60 billion wipeout points to deeper turmoil for China EVs
The company shares now trade at around 15 times forward earnings estimates, below their three-year average of 18
Brokers' Digest: Starhill Global REIT, Coliwoo, CSE Global, Nordic, Genting Singapore
The Edge Singapore - Starhill Global REIT Price target: RHB Bank Singapore ‘buy’ 66 cents Valuations remain attractive Following Starhill Global REIT’s (SGX: P40U ) results for 1HFY2026 ended Dec 31, 2025, RHB Singapore analyst Vijay Natarajan is keeping his “buy” call on the REIT at a higher target price of 6 ...
South Korea’s ETF boom puts assets on track to overtake Taiwan
The two tech-heavy Asian markets have been a focal point in recent years, thanks to a global frenzy sparked by the rise...
Stocks to watch: CICT, Nio, Clar, CDL, HPH Trust, Low Keng Huat, First Reit
Therese Soh - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Feb 6):
Roblox forecasts strong annual bookings as gaming platform momentum grows
Roblox forecast fiscal 2026 bookings of between US$8.28 billion and US$8.55 billion, above estimates
SiTime tech could go into billions of Renesas chips, SiTime CEO says
SAN FRANCISCO, Feb 5 : SiTime's technology could eventually end up in billions of chips from Japan's Renesas, SiTime's chief executive said on Thursday.SiTime's shares closed up 17.9 per cent on Thursday, the first day of trading after it announced a deal worth up to $3.2 billion ...
Winklevosses’ Gemini to cut jobs, scale down in crypto retreat
The twins have donated millions of dollars to causes supporting US President Donald Trump and the Republican party
CapitaLand Integrated Commercial Trust’s H2 DPU rises 9.4% to S$0.0596
Shikhar Gupta - Distributable income up 16.4% at S$449 million
Exclusive-The sale of xAI comes with tax, financial and legal benefits for xAI and SpaceX investors
NEW YORK, Feb 5 : Elon Musk used a common two-step merger process in SpaceX's purchase of xAI that had the dual benefit of avoiding the repayment of billions of dollars in debt while giving shareholders a tax advantage, according to people familiar with the transaction. It also protects Space ...
Japan's Kirin to sell Four Roses bourbon brand to Gallo for $775 million
Feb 6 : Japanese brewer Kirin Holdings said on Friday it will sell its Kentucky bourbon brand Four Roses to E&J Gallo Winery of the U.S. for up to $775 million.Kirin, which bought Four Roses in 2002, said it was looking to complete the deal in the second quarter. The sale will allow Kirin to &qu ...
Piyush Gupta to be Keppel chairman: What the ex-DBS chief has been up to post-retirement
Deon Loke - From moderating conferences to traveling, Gupta has been engaged with a variety of activities
Piyush Gupta’s post-retirement life: What the ex-DBS chief has been up to since leaving Singapore’s biggest bank
Deon Loke - The Business Times looks at his relentlessly busy second act
Rio walks away from Glencore mega merger on price impasse
The idea of a combination of the two companies has been discussed several times over more than a decade
CICT's 2HFY2025 DPU up 9.4% to 5.96 cents; full-year payout at 11.58 cents
The Edge Singapore - Even with a larger unit base, CapitaLand Integrated Commercial Trust's (CICT) 2HFY2025 distribution per unit (DPU) is up 9.4% y-o-y to 5.96 cents, driven by a combination of contributions from ION Orchard, step-up acquisition of CapitaSpring’s commercial component, stronger performance from e ...
Margin relief lifts outlook for DBS, OCBC and UOB, extending Singapore bank rally
Tan Nai Lun - Sentiment remains largely positive on the sector amid resilient asset quality, steady capital returns
News Corp beats quarterly revenue estimates on growth in Dow Jones unit
Its total revenue of US$2.36 billion for the quarter beat analysts’ estimates
Michael Saylor’s crypto project pounded after US$12.4 billion loss
Strategy holds over 713,000 Bitcoin, valued at about US$46 billion
Microchip Tech forecasts quarterly profit below estimates as memory shortages bite
Feb 5 : Chipmaker Microchip Technology forecast fourth-quarter profit below Wall Street estimates on Thursday, raising concerns about the impact of a memory-supply crunch on the wider semiconductor industry.Shares of the Chandler, Arizona-based company fell more than 5 per cent in extended trading.A ...
Reddit forecasts revenue above estimates as AI fuels ad sales
Its daily active unique visitors rose 19 per cent, to 121.4 million in Q4 2025
Amazon says it will spend US$200 billion this year on AI build-out
Microsoft and Alphabet also spent more heavily than anticipated
Oil settles almost 3% down on easing supply concerns ahead of US, Iran talks
[HOUSTON] Oil prices settled down almost 3 per cent on Thursday in choppy trading, after the US and Iran agreed to hold talks...
European shares fall as investors gauge earnings, ECB keeps rates unchanged
EUROPEAN shares fell on Thursday as the European Central Bank kept interest rates unchanged but offered no clues about its next move, while investors...
US stocks: Wall Street ends sharply down as AI worries weigh
WALL Street ended sharply lower on Thursday, with the Nasdaq dragged to its lowest since November by losses in Microsoft, Amazon and...
US dollar hits two-week high, pound slumps after BoE holds rates
NEW YORK, Feb 5 : The U.S. dollar hit a two-week high on Thursday as fresh volatility gripped stocks and the pound tumbled after the Bank of England voted by a razor-thin margin to leave UK rates unchanged.The greenback found firmer footing this week as investors turned more risk-averse and finan ...
Saylor-led Strategy's quarterly losses widen as bitcoin faces another reckoning
Feb 5 : Strategy reported a wider fourth-quarter loss on Thursday, as a turbulent period for digital assets caused the world's largest hoarder of bitcoin to record losses on its holdings.Shares of the Michael Saylor-led company fell 1.3 per cent in after-hours trading, extending heavy selling f ...
Reddit forecasts strong revenue as AI tools drive ad sales
Feb 5 : Reddit forecast first-quarter revenue above analysts' estimates on Thursday, as artificial intelligence-powered enhancements to its ad platform help the social media platform draw more marketers.Shares of the company rose 4 per cent after-hours as Reddit also announced its maiden share ...
Amazon projects $200 billion in capital spending this year
Feb 5 : Amazon.com on Thursday joined its Big Tech peers in projecting massive capital expenditures in 2026, the freshest sign yet that tech companies will not be hitting the brakes on their hefty AI investments anytime soon.The company said it expects to invest about $200 billion in capital expendi ...
