GuocoLand posts lower FY2025 on allowances in China; plans to pay a higher dividend
The Edge Singapore - GuocoLand has reported a higher top line for its FY2025 ended June 30, with both development and investment revenue growing. However, due mainly to allowance made for its development properties in China, earnings for the year was down 17% to $107 million over the preceding FY2024. Despite lower earn ...
Demand for construction ‘bursting out of our ears’ but resources key to meeting demand: CGSI’s Song Seng Wun
Felicia Tan - With construction demand “bursting out of our ears”, maximising resources to meet this demand will be the real differentiator among firms, says Song Seng Wun, economic advisor at CGS International Securities Singapore (CGS SG). In January, the Building and Construction Authority (BCA) projected ...
Nvidia CEO says AI boom far from over after tepid sales forecast
SAN FRANCISCO: Nvidia CEO Jensen Huang on Wednesday (Aug 27) dismissed concern about an end to a spending boom on artificial intelligence chips and said opportunities will expand into a multi-trillion-dollar market over the next five years. Despite Huang's upbeat view on AI demand, shares of th ...
mm2 Asia widens net loss by more than 10 times despite revenue gain as cinema scene withers
Goh Ruoxue - The biggest blow to its bottom line comes from its share of losses of associated companies
Delay in climate reporting not ‘a get-out-of-jail-free card’ for Singapore’s smaller listcos, say observers
Janice Lim - The Republic’s banks say this will not change how they engage with SME clients, nor will it affect how they track their...
Framer hits $2 billion valuation in latest funding round
Website design platform Framer said on Thursday it had notched a valuation of $2 billion while raising $100 million in its latest funding round.The series D round, led by current investors Meritech and Atomico, highlights venture capitalists' optimism in software startups that help companies bu ...
US: Nasdaq opens slightly higher after Nvidia results
[NEW YORK] The tech-heavy Nasdaq index opened slightly higher on Thursday (Aug 28), as investors weighed the AI chip giant’s upbeat forecasts...
Key changes in Temasek’s leadership as it creates three new entities
Wong Chia Peck - The moves come as part of plans to groom the 51-year-old company’s next generation of leaders
Aurora partners with McLeod Software to manage autonomous truck shipments
Aurora Innovation will integrate its self-driving trucking platform into McLeod Software's transportation management system in an effort to boost adoption, the companies said on Thursday.An API integration to Aurora's technology will allow mutual customers to manage autonomous shipments wi ...
China gets closer to finding its own Nvidia
Cambricon’s success shows how to foster future national champions
Cambricon Technologies alerts investors of risks after share price surge
BEIJING :Chinese chip firm Cambricon Technologies on Thursday issued a risk alert to investors in a stock exchange filing, citing a sharp rise in its stock prices since late July.The closing price of Cambricon's shares on Thursday has increased by 133.9 per cent compared with the closing price ...
Thousands clash with police in Jakarta as protests intensify
The protests add to uncertainty surrounding Indonesia’s economic health
Protests rock Indonesia after one killed in police clash
The protests led to declines for the rupiah and stocks.
UK's Asda warns of sales hit from completion of Walmart IT separation
LONDON :Asda, Britain’s third-largest supermarket group, said on Thursday that sales in its current quarter would be dented by disruption linked to the final phase of a major IT overhaul separating its systems from former owner Walmart. Walmart sold Asda to Zuber and Mohsin Issa and private equity ...
GovTech partners Google Cloud to trial agentic AI usage in public sector
Young Zhan Heng - Technology firm also announces an expansion of its AI Cloud Takeoff programme
Tiong Woon earnings for full year 2025 up 6% y-o-y to $19.2 mil
Nicole Lim - Tiong Woon Corporation Holding has reported earnings of $19.2 million for the full year ended June 30, up 6% y-o-y. The group’s revenue for the full year grew 14% y-o-y to $163.5 million, while gross profit grew 4% y-o-y to $61.4 million. However, gross profit margin declined 3.6 percentage points ...
Apple says UK mobile market shake-up could harm users and developers
LONDON -Apple said on Thursday Britain's plans to increase competition in the mobile operating system market could harm users and developers, and potentially force the company to share its technology with foreign competitors for free.Last month, Britain's competition regulator told Apple a ...
Deutsche Bank fined US$3 million by Hong Kong securities regulator
The violations include overcharging clients on management fees
Olam shuts digital farmer services platform to conserve cash; 606 employees affected
Goh Ruoxue - More than four-fifths of the impacted workers are from Indonesia; others from Singapore, India, Australia
Mainland Chinese traders sell record amount of Hong Kong stocks
[HONG KONG] Investors in mainland China sold a record HK$20.4 billion (S$4.1 billion) worth of Hong Kong-listed stocks on Thursday (Aug 28),...
Didi posts Q2 loss of US$350 million on lawsuit provision
Revenue rose 10.9%, partly fuelled by growth in overseas business.
Volkswagen extends Amazon cloud partnership to save costs with AI
BERLIN :Volkswagen has extended its 'factory cloud' partnership with Amazon Web Services by another five years, the German carmaker said on Thursday, as it rolls out the use of artificial intelligence to improve production and reduce costs.The company partnered with the cloud computing ser ...
Tiong Seng signs MOU to develop precast production capabilities and supply components to real estate projects in Ghana
Nicole Lim - Tiong Seng Holdings’ wholly-owned subsidiary has signed a memorandum of understanding (MOUT) with Rock Africa to develop precast production capabilities for the supply of precast components to housing and institutional projects in Ghana. The anchor project will see the partners collaborating on a ...
Kim Kardashian is hot on Korean beauty concierges, so are Singaporeans
Corinne Kerk - Such services are booming in South Korea’s lucrative medical aesthetics tourism industry
Aster Chemicals declares force majeure at Singapore naphtha cracker: sources
[SINGAPORE] Singapore’s Aster Chemicals and Energy has declared force majeure on petrochemical supplies from its naphtha cracker on Bukom island, according to...
DBS has median fair value estimate of $2.68 on Food Empire, sees strength in Ikhlas investment and East Europe, Vietnam
Douglas Toh - DBS Group Research (DBS) analysts Chee Zheng Feng and Andy Sim have a fair value estimate of between $2.35 and $3.01 on Food Empire Holdings, with the midpoint being $2.68. The analysts’ sum-of-the-parts (SOTP) valuation implies an equity value of US$1.1 billion ($1.41 billion) to US$1.4 billion o ...
Grand Banks Yachts FY2025 earnings down 14.8% y-o-y to $18.2 mil; final divided of 1 cent declared
Nicole Lim - Grand Banks Yachts has reported a 14.8% y-o-y lower earnings of $18.2 million for the full year 2025 ended June 30. For the 2HFY2025, earnings declined 26.3% y-o-y to $10.7 million. The group’s revenue for the FY2025 came in 21.4% y-o-y higher at $162.3 million, and up 38.6% y-o-y for the 2HFY2025 ...
Grand Banks Yachts FY2025 earnings down 14.8% y-o-y to $18.2 mil; final dividend of 1 cent declared
Nicole Lim - Grand Banks Yachts has reported a 14.8% y-o-y lower earnings of $18.2 million for the full year 2025 ended June 30. For the 2HFY2025, earnings declined 26.3% y-o-y to $10.7 million. The group’s revenue for the FY2025 came in 21.4% y-o-y higher at $162.3 million, and up 38.6% y-o-y for the 2HFY2025 ...
Temasek CEO to lead subsidiary Seviora as chairman alongside new directors in board shake-up
Goh Ruoxue - The moves come as Temasek announces its own leadership reshuffle
Chery is said to near Hong Kong listing as billion-dollar IPOs return to city
Dave Sebastian / Bloomberg - Chery Automobile Co. is planning a Hong Kong initial public offering that may raise about US$1.5 billion ($1.93 billion) as early as next month, according to people familiar with the matter, adding to what’s shaping up to be a busy September for new listings in the financial hub. Deliberations are ...
Civmec reports lower earnings of A$42.5 mil for full year 2025 from reduced activity levels
Nicole Lim - Civmec Limited has reported lower earnings of A$42.5 million ($35.61 million) for the FY2025 ended June 30, compared to the A$64.4 million reported in the same period a year ago. For the 2HFY2025 ended June 30, earnings similarly declined to A$16 million from the A$32.5 million reported in the same ...
Gillman Barracks celebrates 13 years, with end date in sight
Helmi Yusof - Like the Projector, its story will close – but this weekend spotlights its extraordinary place in the arts scene
Singapore stocks rise as T-bill yield hits 40-month low; STI up 0.2%
Mia Pei - Thai Beverage is the top gainer, advancing 2.2% to S$0.465
CrowdStrike shares slip as forecast reflects lingering effects of tech outage
CrowdStrike shares fell 3.3 per cent before the bell on Thursday after the cybersecurity firm's weak quarterly revenue forecast signaled the lasting effects of a botched software update last year that caused a global outage.The company projected third-quarter sales broadly in line with analysts ...
