Metro Holdings sinks into the red for 1HFY2026 with net loss of $12.9 mil
Nicole Lim - Metro Holdings has sunk into losses of $12.9 million for 1HFY2026 ended Sept 30, compared to a profit of $7 million in the same period a year ago. The group’s revenue for the 1HFY2026 declined 13.9% y-o-y to $41.6 million, from lower contributions from the retail division and lower rental income f ...
Social investor network AVPN launches regional hub in Abu Dhabi
Jovi Ho - AVPN, the largest network of social investors in Asia, has launched its regional headquarters in Abu Dhabi, the capital of the United Arab Emirates (UAE). According to AVPN, the launch of the organisation’s main hub for West Asia — or the Middle East — seeks to enhance funding opportunities in ...
Temasek’s ‘stalwarts’ maintain prominence in Singapore market with super big cap category dominance
The Edge Singapore - Billion Dollar Club: SUPER BIG CAP COMPANIES In its most recent annual report card ended March 31, Temasek reported a record portfolio value of $434 billion, a 11.6% increase over the preceding year. Despite the increasingly international nature of its portfolio, the major driver of this growth is t ...
Keppel Infrastructure’s essential role underpins steady returns; Sri Trang Gloves (Thailand) delivers record earnings
The Edge Singapore - Billion Dollar Club: BASIC MATERIALS Keppel Infrastructure Trust has been named the overall sector winner for this industry sector, and has been rated tops in returns to shareholders over three years as well. The other winner in this industry sector is Sri Trang Gloves (Thailand), which led its sect ...
Stamford Land H1 profit rises 4.1% to S$15.8 million on higher hotel room rates
Evan See - Its revenue inches up 1.8% to S$71.3 million
Singtel tops sector as shareholder-friendly strategy gains traction; StarHub shines with ‘best in class’ ROE
The Edge Singapore - Billion Dollar Club: COMMUNICATION SERVICES Singapore Telecommunications, better known as Singtel, is the big winner in this year’s Billion Dollar Club (BDC) industry category. It took overall sector, plus growth in profit after tax and returns to shareholders. Singtel is known as the incumbent na ...
Centurion Corp steps up growth plan with asset-light moves; Genting Singapore embarks on ‘monumental’ expansion phase
The Edge Singapore - Billion Dollar Club: CONSUMER CYCLICAL Specialised dormitory operator Centurion Corp is the big winner at this year’s Billion Dollar Club (BDC) for the consumer cyclical industry segment. Besides emerging as the overall sector winner, Centurion Corp is also named the winner for the weighted return ...
Bumitama extend wins to overall sector and returns to shareholders; First Resources and Sheng Siong take respective wins
The Edge Singapore - Billion Dollar Club: CONSUMER DEFENSIVE Bumitama Agri, a regular winner at the Billion Dollar Club (BDC), features prominently in this year’s awards again. At last year’s awards, the Indonesia-based palm oil producer vaulted from the Centurion Club into the BDC. This year, Bumitama Agri not only ...
SAP has offered concessions to settle EU antitrust probe, Commission says
BRUSSELS :SAP, Europea's largest software maker, has offered concessions to settle an EU antitrust probe, the EU Commission said on Friday. SAP's remedies seek to address issues raised by the EU, amongst others by making it easier for customers to switch to rivals and also making the basis ...
DBS marks ‘standout’ 2024 with market cap milestone of more than $100 billion
The Edge Singapore - Billion Dollar Club: FINANCIAL SERVICES The list of accolades for DBS Group Holdings is getting pretty long and for a good reason. In May 2024, Southeast Asia’s largest bank became the first Singapore-listed company to achieve a market capitalisation of more than $100 billion, quadruple from 2009. ...
Da Ren Tang Group poised to capture ‘renewed vitality’ in TCM
The Edge Singapore - Billion Dollar Club: HEALTHCARE Tianjin Pharmaceutical Da Ren Tang Group Corporation has achieved the rare feat of a clean sweep of all wins within the industry sector. The company is described as the “core” manufacturing arm of Tianjin Pharmaceutical Holdings Co. It is viewed as a high-tech ent ...
Sembcorp wins Company of the Year with growing energy portfolio; ST Eng, YZJ Shipbuilding chalk up respective wins
The Edge Singapore - Billion Dollar Club: INDUSTRIALS Sembcorp Industries, a leading utilities player in Singapore, has chalked out steady growth to emerge as the company that gave the most returns to shareholders over the three-year review period. In addition, the company is named the overall sector winner and also Com ...
CityDev leads real estate sector; GuocoLand generates highest returns to shareholders with twin-engine strategy
The Edge Singapore - Billion Dollar Club: REAL ESTATE COMPANIES City Developments (CDL) has been named the overall sector winner in this year’s Billion Dollar Club (BDC) among real estate companies. In addition, it led the weighted return on equity (ROE) and growth in profit after tax (PAT) categories in the three yea ...
Geo Energy Q3 net profit falls 55% to US$3.2 million due to lower coal prices
Navene Elangovan - This is despite higher revenue, which is up 62% at US$136.6 million
China to tighten oversight on new cars exported as used vehicles
[BEIJING] China will strengthen oversight of used-car exports and strictly control the export of new cars under the guise of used vehicles,...
Mapletree Pan Asia Commercial Trust leads the REITs sector; MIT, CLAS and AIMS APAC win respective categories
The Edge Singapore - Billion Dollar Club: REITS The winners of the REIT sector for this year’s Billion Dollar Club (BDC) are evenly spread. Mapletree Pan Asia Commercial Trust (MPACT) was the overall sector winner, while Mapletree Industrial Trust (MIT) led for weighted return on equity (ROE) over three years; CapitLa ...
Regular BDC winner iFAST sets sights on hitting $100 billion in assets under administration
The Edge Singapore - iFAST Corp, a regular winner in the Billion Dollar Club (BDC), is back again, stronger, with a clean sweep of all four awards in the technology category. The company was founded in 2000 and was known for distributing unit trusts via its online platform in its earlier years. As it grew to a certain s ...
Jaguar Land Rover's UK production returns to normal after weeks-long cyber shutdown
LONDON :Jaguar Land Rover said on Friday its manufacturing operations had returned to normal after a cyberattack forced a six-week halt at its UK plants, disrupting supply chains and costing the carmaker hundreds of millions of pounds.
BRC Asia, Pan-United Corp lead respective categories as construction sector turns around
The Edge Singapore - BRC Asia is the big winner at this year’s Centurion Club awards, with its overall win in the basic materials sector, as well as weighted return on equity (ROE) and returns to shareholders. Pan-United Corporation, also in the building materials space, led in the profit after tax (PAT) growth catego ...
Macro environment can be volatile, but energy players like Baker Technology prove their worth
The Edge Singapore - Energy companies went through a rough patch during a global downturn, but in recent years, those that pulled through have proven their mettle in their own ways. Baker Technology has been named the overall sector winner and the best returns to shareholders, RH Petrogas led in weighted return on equit ...
MoneyMax, Vicom, Valuemax, Sim Leisure are winners
The Edge Singapore - Winners of the consumer cyclical industry sector in this year’s Centurion Club come from a diverse range, with MoneyMax Financial Services, the sector winner, and Valuemax, which led for growth in profit after tax (PAT), both being pawnbroking leaders. Vicom, the test and certification subsidiary ...
The Hour Glass posts 23.2% rise in profit for H1 FY2026 to S$75.7 million
Evan See - The luxury watch retailer’s revenue climbs 13.9% to S$615.4 million
Food Empire dominates this year’s Centurion Club in more ways than one
The Edge Singapore - Centurion Club: CONSUMER DEFENSIVE Food Empire Holdings is the big winner at this year’s Centurion Club awards. It not only made a clean sweep of all four awards in the consumer defensive industry sector, Food Empire has also been named the overall winner of the Centurion Club this year. The compa ...
Daily Debrief: What Happened Today (Nov 14)
Stories you might have missed
Credit Bureau Asia eyes acquisitions to extend growth trajectory
The Edge Singapore - Listed in 2020, Credit Bureau Asia (CBA), together with its subsidiaries, is a leading player in the credit and risk information solutions market in Southeast Asia. It marks its debut in the Centurion Club winners’ list with a clean sweep of all four categories in the financial services industry s ...
CGSI downgrades Venture Corp to ‘hold’ but with higher TP of $14.75
Felicia Tan - CGS International analyst William Tng has downgraded Venture Corporation to “hold” from “add” previously as he awaits strong earnings recovery from the group. For the 3QFY2025 ended Sept 30, Venture’s revenue fell by 9.1% y-o-y and 2.8% q-o-q to $627.2 million due to softness in its lifest ...
Azeus Systems earnings down 1% y-o-y in 1HFY2025 to HK$48.3 mil; interim dividend of HK$1.60 per share declared
Nicole Lim - Azeus Systems Holdings has reported earnings of HK$48.3 million ($8.09 million), down 1% y-o-y for 1HFY2026 ended Sept 30. The IT products and services provider reported a revenue of HK$185.5 million for 1HFY2026, up 10% y-o-y. This was driven by strong growth from Azeus products, which accounted fo ...
Additional spectrum from Simba-M1 merger would give new entity ‘structural advantage’, says StarHub
Young Zhan Heng - Telcos react to proposed merger; Circles.Life is concerned about the new entity’s pole position in the wholesale market
ISEC Healthcare marks third year of record revenue; eyes further regional expansion
The Edge Singapore - Medical chain ISEC Healthcare is back as a winner at this year’s Centurion Club. While the company, when it listed in 2014, was focused on providing comprehensive medical eye care services across the region, it has since expanded into other healthcare segments, including general medical services. ...
Hafary builds on sustained growth; Nam Cheong and Oiltek International garner respective wins
The Edge Singapore - Leading building materials supplier Hafary is back again as a big winner at this year’s Centurion Club. Besides securing the overall title in the industrials sector, Hafary is also recognised for having the best weighted return on equity (ROE). Sarawak-based offshore marine group Nam Cheong led gr ...
LHN extends real estate management chops; PropNex returns for ROE; Tosei Corp tops for earnings growth
The Edge Singapore - Real estate management services firm LHN is the big winner at this year’s Centurion Club. The company can trace its history back to 1991 and has built a track record and portfolio of integrated real estate management services across various property types, including industrial, commercial, and res ...
S&P lowers Nissan's rating to BB- from BB
TOKYO :S&P Global Ratings said on Friday it has downgraded its rating of Nissan Motor's credit by one notch on continuing pressure on its profitability, while taking a negative view of the outlook for the Japanese automaker.The credit-rating firm cut its long-term rating on the company and ...
The Hour Glass earnings up 23% y-o-y to $75.7 mil for 1HFY2025
Nicole Lim - The Hour Glass has reported earnings of $75.7 million for the 1HFY2025 ended Sept 30, up 23% y-o-y. Revenue for the first half of the year came in 14% y-o-y higher at $615.4 million, while gross margin improved to 30.8%. The luxury watch retailer said that higher operating expenses incurred were due ...
Singapore stocks fall on Friday, tracking regional peers
Benjamin Cher - Straits Times Index loses 0.7% or 29.84 points to finish at 4,546.07 while the iEdge Singapore Next 50 Index gains 0.1% or...
