Can big get bigger? Can expensive stay expensive?
Carmen Lee - The ongoing artificial intelligence (AI) investment cycle has propelled a small group of companies into unprecedented territory, reshaping both market structure and the distribution of economic power. The emergence of approximately 15 companies with market capitalisations exceeding US$1 trillion ($1 ...
Gaokao lessons for Chinese businesses
Daryl Guppy - During the week, much of China went silent for several days. Traffic slowed, people stopped using their car horns and entire local areas went about their daily activities in subdued silence. Special green traffic lanes are arranged around some venues. Taxis offered free rides and standby services fo ...
A rare ‘super’ El Niño is looking more likely. Here’s what to expect
Brian K. Sullivan - A cyclical weather phenomenon that can drive flooding in one continent and drought in another looks increasingly likely to emerge this year. El Niño occurs when the atmosphere reacts to a sustained warming of Pacific Ocean surface temperatures above normal levels. The water has been rapidly heating ...
Record STI reflects strong economy and value-driven corporate activity
Smartkarma Research - Singapore’s equity market closed May on a firm footing, with the Straits Times Index delivering a 3.3% total return for the month and setting a fresh all-time high near 5,073 points, underpinned by resilient economic data and steady institutional participation. First-quarter GDP expanded 6% y-o-y, ...
Justifying JustCo with an intrinsic value of 69 cents
Thiveyen Kathirrasan - One of the harder challenges of investing is discerning the valuation of a recently IPOed or listed company. This is primarily due to the lack of financial information available for assessment (unless the company discloses it over at least five annual financial periods). The good thing about this is ...
RHB Bank bucks banking malaise as investors bet on yield and ROE growth
Adeline Paul Raj - While most Malaysian banking stocks have struggled to gain traction after a mediocre first-quarter reporting season, RHB Bank has bucked the trend, standing out as the sole bank to post a decent share price gain. As at June 5, the shares in the country’s fourth-largest banking group by assets have ...
Japan core inflation seen below BOJ target for fourth month in May: Reuters poll
TOKYO, June 12 : Japan's core consumer inflation likely held steady in May at roughly the previous month's pace due to end of government fuel subsidies, leaving inflation below the Bank of Japan's 2 per cent target for a fourth month, a Reuters poll showed on Friday.Here are a few det ...
Co-living stocks find favour as Coliwoo and The Assembly Place test investor appetite
Lynnette Tania Lee - Two heavily oversubscribed listings in three months give investors fresh ways to play Singapore’s co-living boom and the early analyst scorecard is mostly bullish. Singapore’s co-living operators have spent their days convincing tenants that a furnished room with a shared kitchen and a social ca ...
Q&M’s acquisition binge sets it up for structural growth shift
The Edge Singapore - Following the pandemic boost, Q&M Dental Group’s earnings have normalised, which made some investors overlook this stock in the last couple of years. But as investors start to forget about the stock, CEO Dr Ng Chin Siau has been laying the groundwork for ambitious growth plans. Instead of bein ...
Case for Multi-Chem: Mature, regional and ‘VAD’
The Edge Singapore - Low-profile Multi-Chem operates in a mature segment of the once-bustling local electronics manufacturing industry. Yet, beneath a counter whose shares are thinly traded lies a company that has undergone a drastic transformation into a key distributor of software and tech products across the region. ...
Broker's Digest: Tai Sin, OKP Holdings, CDL, Food Empire, Pan-United, Sanli Environmental, Sembcorp
The Edge Singapore - Tai Sin ElectricPrice target: RHB Bank Singapore ‘buy 75 cents Overlooked proxy to the construction boom
Shock at the pump: Indonesia’s Pertamax price hike fuels cost worries for middle class
The price hike has been long in the making, driven by a 50% surge in global oil prices since the Iran war
Singapore announces new road map to improve standards and conformance capabilities, partnerships
Elysia Tan - Five memorandums of understanding between EnterpriseSG and its international and regional partners are formalised
Bank of Korea governor says interest rates to be raised ‘on time’
The central bank targets inflation at 2% in the medium term
Investors respond positively to Bank Indonesia's surprise rate hike, with inflows up, official says
JAKARTA, June 12 : Indonesia's central bank spokesperson said on Friday that foreign investors have responded positively to its rare off-cycle interest rate hike and an increase in bond yields, as reflected by a rise in foreign capital inflows this week.Bank Indonesia (BI) raised interest rate ...
Alibaba bids US$1.5 billion for China grocer in fight with Meituan
A Pupu sale to an industry leader may also draw Beijing’s attention
Singapore Kitchen Equipment defends move to keep CEO, senior manager in jobs despite criminal charges
Shikhar Gupta - It also names executive director Alan Lee as backup CEO
Bank of Japan set to hike rates to 31-year high, drop hawkish signals
Governor Kazuo Ueda, now in hospital for a two-week treatment, will miss the two-day meeting concluding on Jun 16
Maybank says selling due to China’s Doc 837 overdone, prefers OCBC followed by DBS
The Edge Singapore - Maybank Securities banking analyst Thilan Wickramasingh e says the China rule change on outbound direct investment (ODI) is unlikely to be too negative for the local banks. On June 10, JP Morgan said China’s Doc 837 has broad implications for net new money growth for banks over time. Research done ...
Deutsche Bank names Robert Huray South-east Asia investment banking head
The changes come at a time as Hong Kong and China now drive most dealmaking and revenue for global banks operating in Asia
From moonshot to markets: Understand the mechanics before plunging into SpaceX’s mega IPO
For investors, the more interesting point is not the headline valuation, but what actually comes into the market.
Beijing’s investment clampdown clouds outlook for Hong Kong banks, insurers
Analysts warn of short-term risks to Hong Kong financial sector
Dollar steadies on ceasefire prospects, PPI eases pressure on Fed
HONG KONG, June 12 : The dollar found its footing in early trading on Friday, after sliding to its weakest in a week as traders parsed reports that a ceasefire deal in the Middle East could be imminent.Against the yen, the U.S. currency was up 0.1 per cent at 160.07 yen. The Australian dollar was do ...
Bank of Korea governor says interest rates to be raised 'on time'
SEOUL, June 12 : South Korea's central bank governor said on Friday it was necessary to raise interest rates "on time" as inflation was expected to exceed the target for a considerable period of time amid high oil prices triggered by the Middle East conflict. "Monetary policy oft ...
Oil extends losses as Trump calls off planned strikes on Iran
(Corrects paragraph 2 to say prices fell, not rose)June 12 : Oil prices fell on Friday, extending losses from the previous session after U.S. President Donald Trump canceled plans to strike Iran, reducing fears of an escalation of hostilities following tit-for-tat attacks earlier in the week.Brent f ...
Oil falls to near two-month lows as Trump calls off threatened strikes on Iran
LONDON, June 12 : Oil prices fell over 4 per cent on Friday to their lowest in nearly two months after U.S. President Donald Trump cancelled new strikes on Iran, reducing fears of an escalation of hostilities following tit-for-tat attacks earlier in the week.Brent futures were down $3.81, or 4.22 pe ...
As SpaceX scores a record US$75b IPO, retail investors can turn to ETFs for a piece of the space economy
Meera Pathmanathan - But such funds should not be taken as just a stand-in for owning shares of Elon Musk’s firm, professionals say
As SpaceX shares debut, retail investors can turn to ETFs for exposure to the space economy
Meera Pathmanathan - But such funds should not be taken as just a stand-in for owning shares of Elon Musk’s firm, professionals say
Adobe’s CFO departs while company also searches for new CEO
The software maker’s Photoshop and other software have long been the standard for creative and marketing professionals
Stocks extend rally on Gulf breakthrough hopes, oil hits two-month lows
SYDNEY, June 12 : Asian stocks joined a global rally on Friday on hopes a Middle East peace deal may finally materialise, while the dollar and bond yields dropped and oil prices fell to two-month lows, tempering inflation fears. All eyes are on the hotly-awaited market debut of Elon Musk's Spac ...
Asian stocks extend rally on Gulf breakthrough hopes, oil hits two-month lows
US President Donald Trump said on Thursday (Jun 11) that a peace deal could be signed as soon as this weekend, hours after threatening more strikes on Iran.
Stocks to watch: CDL, Singapore Kitchen Equipment
Deon Loke - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Jun 12):
Rate hikes unlikely despite hot inflation and strong jobs in US: Amundi
Tan Weizhen - Former Fed chair Janet Yellen also does not expect rate increases soon, due to uncertainty over oil prices
Serial Achieva wins follow-on contract worth US$14.1 mil
The Edge Singapore - Tech distributor Serial Achieva has secured a contract worth US$14.1 million to deliver switches used in networking. This is a follow-on from an earlier US$4.7 million contract announced on April 27. CEO Victoria Goh calls the contract win a reflection of the company's growing capabilities in d ...
