In 2022, DBS Group Research analysts Yeo Kee Yan, Janice Chua and Woon Bing Yong estimate that Singapore’s gross domestic product (GDP) will grow to 3.5%. Inflation during the year may average around 2.4%, predict the analysts in a Jan 3 report. “2022 is the year where investors juggle between...

UOB Kay Hian Research has added OCBC Bank to its alpha picks portfolio for the month of January. The move comes after the team’s portfolio saw a flat month in December, which stood 0.2% higher month-on-month (m-o-m), compared to the benchmark Straits Times Index’s (STI), which grew 2.7% m-o-m. �...

Wang Dong, a founding member of Yangzijiang Shipbuilding (Holdings), has transferred a total of 394.13 million shares of Yangzijiang to a new irrevocable employee benefit trust. The trust is set up for the purpose of rewarding employees of the group. The shares were held under Lido Point Investmen...

CGS-CIMB Research analyst Lim Siew Khee believes Yangzijiang Shipbuilding shareholders can unlock more value pursuant to the company’s plan to list its debt investment business on the SGX Mainboard via dividend-in-specie. She has reiterated her “add” rating for Yangzijiang with an unchanged ta...

Yangzijiang Shipbuilding’s shareholders will receive shares of its proposed spin-off proportionally in the form of dividend in specie, subjected to the successful completion of the spin-off and listing, the company said in an update. The company also revealed its plan to list the spin-off on the S...

THE following companies saw new developments that may affect trading of their securities on Wednesday (Dec 8):

MAINBOARD-LISTED Yangzijiang Shipbuilding (Holdings) plans to spin off its investment segment in a listing on the Singapore Exchange mainboard, the board said in an update on Tuesday (Dec 7).

MAINBOARD-LISTED Yangzijiang Shipbuilding (Holdings) plans to spin off its investment segment in a listing on the Singapore Exchange mainboard, the board said in an update on Tuesday (Dec 7).

Analysts from Citi Research and UOB Kay Hian have kept “buy” on Mainboard-listed Yangzijiang Holdings after the shipping group announced its plans to spin-off its investment business for its separate listing on Nov 29. See: Yangzijiang plans to spin off investment business for separate listing ...

THE following companies saw new developments that may affect trading of their securities on Tuesday (Nov 30):