The Straits Times Index (STI) was down 0.08% or 2.53 points to 2,990.66 as at 1.59pm amid growing optimism in the US markets due to the announcement of a potential stimulus aid worth trillions of US dollars. Week-on-week, the benchmark index grew 4.6% from the previous week’s (Jan 4) 2,858.90.AdCh...

CGS-CIMB has maintained its "add" recommendation on Dairy Farm International with a higher target price of US$5.50 compared to US$4.50 previously.

CGS-CIMB has maintained its "add" recommendation on Dairy Farm International with a higher target price of US$5.50 compared to US$4.50 previously.

What a year 2020 was, with the coronavirus upending industries, supply chains and the livelihoods of many. On Dec 31, 2020, the last trading day of the year, the benchmark Straits Times Index (STI) slid 25.41 points or 0.89% to 2,843.81 points at the closing bell.  Year-on-year (y-o-y) this is ...

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RHB Research Securities has upgraded the consumer sector to "overweight" from its previous "neutral" stance.  This is as “consumer companies with exposure to the re-opening of domestic activities, such as those in retail and food & beverage services, should see some earnings rec...

CGS-CIMB analyst William Tng has downgraded Jardine Matheson Holdings to “hold” as he believes recovery is likely to be slow and long. He has, however, upped the group’s target price to US$54.68 ($73.21) from US$48.61 previously. The revised target price is based on 0.85x FY2020 book value per...

Jardine Matheson Holdings (JMH) says the group continued to face “challenging trading conditions” in the third quarter of 2020 due to the spread of Covid-19 and the ensuing measures taken to control it. While the group registered “some improvement” in performance across its businesses compar...

The Straits Times Index (STI) plunged 3.3% to 2,439.76 on the afternoon of Nov 2 from the previous week’s 2,523.31 amid news of returning lockdowns in countries across Europe. On Oct 28, the governments of France and Germany announced that they will be imposing a second round of nationwide lockdow...

Robinsons Singapore, one of the oldest stores in Singapore, will close after 162 years, according to The Business Times on Oct 30. The retailer will close down for good after suffering from at least six years of losses amid declining revenues.AdChoicesADVERTISING The company first made a loss after ...