RHB raises target price for StarHill Global REIT to 60 cents
The Edge Singapore - Vijay Natarajan of RHB Bank Singapore has maintained his "buy" call on Starhill Global REIT, calling it an "undervalued midcap" counter that has delivered stable distribution per unit in recent years despite "market challenges". With prospects of higher DPU ahead, he ha ...
UMS Integration confident it can turn Trump tariffs into an advantage, says CEO Andy Luong
Douglas Toh - Never ever challenge China to a fight, if you don’t want to end up a loser, says Andy Luong, CEO of UMS Integration, referring to the US-led tariffs battering global trade and economic growth. While chips made in China are “cheap and good”, US customers are not buying them at present for fear ...
American Bitcoin, backed by Trump's sons, aims to start trading in September
HONG KONG :American Bitcoin, the bitcoin miner backed by U.S. President Donald Trump's two sons, has locked in crypto and traditional investors to back an all-stock merger that will allow the firm to soon start trading on the Nasdaq, the company's largest investor said.The unlisted firm� ...
American Bitcoin, backed by Trump sons, aims to start trading in September
HONG KONG :American Bitcoin, the bitcoin miner backed by two of U.S. President Donald Trump's sons, has locked in crypto and traditional investors to back an all-stock merger that will allow the firm to soon start trading on the Nasdaq, the company's largest investor said.The unlisted firm ...
Micro Mechanics’ FY2025 earnings soar 54.2% y-o-y to $12.4 mil on wafer fabrication equipment revenue surge
Douglas Toh - Micro Mechanics has reported earnings of $12.4 million for the FY2025 ended June 30, a 54.2% y-o-y improvement from $8.04 million in the same period last year. The group’s revenue increased 12.6% y-o-y to $65.2 million for the FY2025, while gross profit similarly grew 18.5% y-o-y to $32.2 million. ...
Nvidia shares fall 2.9% in Frankfurt, day after results
LONDON :Nvidia's Frankfurt-listed shares fell 2.9 per cent on Thursday, a day after its results came up short of some analyst expectations in its important data centre segment. The chipmaker also said it expects revenue of $54 billion, plus or minus 2 per cent, in the third quarter, compared wi ...
Europe car sales gain most in 15 months as consumers warm to EVs
Salamat Sanwan - Some countries are trying to jump-start EV demand by bringing back or extending subsidies
Johor’s investment arm JCorp leans on Ibrahim Technopolis to boost SEZ with Singapore
Tan Ai Leng - JCorp is a sprawling conglomerate spanning agribusiness, healthcare, food services and real estate
Thai factory output drops more than forecast in July as car production slumps
BANGKOK :Thailand's manufacturing production index in July dropped for the first time in four months to reach its lowest level in nearly two years, the industry ministry said on Thursday, weaker than forecast after falling car production.The MPI contracted 3.98 per cent in July from a year earl ...
Hong Kong’s gold trading ambitions tested by talent shortage
The city gold industry has managed to attract some offshore talent, however
Latest Singapore six-month T-bill cut-off yield falls to 1.44%
Shikhar Gupta - Auction receives S$18.4 billion in applications for the S$7.7 billion on offer, representing a bid-to-cover ratio of 2.39
Forget Nvidia. Costco and Walmart look scarier
The safety record of zeppelins was relatively unimpeachable prior to the Hindenburg, and that’s why the deadly disaster so shocked the public and devastated the rigid airship industry. In markets too, the most painful selloffs tend to involve things that people erroneously assume to be absolutely ...
Negative narratives hide China’s quality
Daryl Guppy - The Shanghai Index has been in a steady uptrend since the start of April. Five months later, market commentators have finally noticed. Last week, many were breathlessly announcing that the Chinese market is rising. This week, they are sternly warning that the Chinese market is in a bubble. To prove ...
Volkswagen EVs outsell Tesla in Europe a decade after Dieselgate
Monica Raymunt / Bloomberg - Volkswagen AG was in a downward spiral that threatened the venerable automaker’s very survival. It was September 2015, and the “clean diesel” fairytale VW had peddled to consumers for years was revealed for the lie that it was. The German giant had outfitted millions of cars with software to c ...
Bank of Korea expects 'significant' economic shock even after US trade deal
SEOUL :South Korea's central bank expects a "significant" economic shock from higher U.S. tariffs even after a trade deal, it said on Thursday, citing comparably steeper tariff hikes versus rival exporters and high exposure to product-specific duties. "Despite a comparably succes ...
Bitcoin devours the electricity meant for the world’s poor
David Fickling - For seven decades, poor countries wanting to get rich have turned again and again to dams. For the post-independence leaders of Egypt and Ghana in the 1950s, hydroelectricity and sovereignty were inextricably linked. Building vast irrigation and electricity projects across the Nile and the Volta was ...
South Korea agency fines SK Telecom $97 million over major data leak
SEOUL :South Korea's SK Telecom was fined on Thursday about 134 billion won ($96.53 million) after the country's largest mobile carrier suffered a cyberattack this year causing the leak of data for nearly 27 million users.The government-run Personal Information Protection Commission announ ...
Coffee drinkers face new jolt as tariffs fuel price hike
Companies are indicating that price hikes may have to follow suit if levies remain in place
Foreigners snap Japanese stock purchases as tech rally cools
Foreign investors were net sellers of Japanese stocks in the week to August 20, for the first time in nine weeks, as they turned cautious, moving to lock in profits after a selloff in technology stocks stalled a market rally.They divested a net 496.8 billion yen ($3.37 billion) worth of Japanese sto ...
Asia: Markets mixed after Nvidia earnings
ASIAN markets were mixed on Thursday after AI powerhouse Nvidia’s quarterly earnings beat expectations but its shares slipped over worries about the...
European car sales resume rise in July, BYD firmly ahead of Tesla
New car sales in Europe rose 5.9 per cent in July as a jump in Germany outweighed drops in Britain, France and Italy, European Automobile Manufacturers Association data showed on Thursday.Tesla lost market share for a seventh consecutive month despite a rise in overall sales of electric cars, and tr ...
Perennial opens S$260 million assisted-living facility with monthly rates from S$8,900 to S$17,000
Ry-Anne Lim - The Parry Avenue pilot project houses 200 fully furnished apartments, a nursing home, and a rehabilitation and wellness centre
Piyush Gupta appointed as alternate member of the Council of Presidential Advisers
Chloe Lim - His appointment comes just as social work veteran Sudha Nair’s service as alternate member ended in June
From China to Singapore: Perennial banks on eldercare for growth
Ry-Anne Lim - Rates at the group’s new assisted-living facility are high, but Perennial’s CEO hopes to refine the model and lower them over time
CGSI resumes coverage with ‘add’ on China Yuchai with raised target price of US$39.50 from US$13.20
Douglas Toh - CGS International’s (CGSI) Natalie Ong and Lim Siew Khee are resuming coverage on US-listed China Yuchai International with an “add” call and a hiked target price of US$39.50 ($50.75) from US$13.30 previously. China Yuchai, a subsidiary of SGX-listed Hong Leong Asia, manufactures high-horsepow ...
ANZ bankers learn about job losses after e-mail error: report
The Melbourne-based bank is in the midst of a major restructure under new chief executive officer Nuno Matos
More firms planning wage freezes as outlook sours: SBF survey
Tessa Oh - Business confidence remains weak with just one in three companies satisfied with current economic conditions
Bullish takes on CICT with full acquisition of CapitaSpring seen supporting higher DPU
The Edge Singapore - Geraldine Wong and Derek Tan of DBS Group Research have joined fellow analysts in turning more bullish on CapitaLand Integrated Commercial Trust (CICT). With prospects of higher distribution thanks to acquisitions and asset enhancements, they have kept their “buy” call on the REIT, along with a ...
Temasek unit, Nexus ink deal to acquire stakes in Post Advisory
The deal is expected to close this year
Bank of Japan’s Nakagawa says uncertainties remain high over impact of US tariff policy
[TOKYO] Bank of Japan board member Junko Nakagawa said on Thursday that uncertainties remain high over US tariff policies and their impact...
Berkshire raises stake in Japan's Mitsubishi to 10.23%
TOKYO :Berkshire Hathaway, through its wholly-owned unit National Indemnity Company, has raised its stake in Japan's Mitsubishi Corp to 10.23 per cent from 9.74 per cent previously, Mitsubishi said on Thursday.Berkshire previously raised its holdings in five Japanese trading houses including Mi ...
Berkshire raises stake in Japan's Mitsubishi above 10%
TOKYO :Berkshire Hathaway, through its wholly-owned unit National Indemnity Company, has raised its stake in Japan's Mitsubishi Corp and Mitsui & Co, the companies said on Thursday.Berkshire raised its stake in Mitsubishi to 10.23 per cent from 9.74 per cent previously, the company said in ...
Thai Airways may halt flight expansion plans on aircraft shortages
The aircraft bottlenecks are acting as a constraint on the industry’s growth
Global investment-grade corporate bonds offer yields and defensive strength: Capital Group
Samantha Chiew - Global investment-grade (IG) corporate bonds are offering some of the most attractive yields in over a decade, making them an increasingly compelling option for investors seeking to reinforce defensive allocations in their portfolios. As at the end of June, global IG corporates provided a yield of a ...
