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Category: FINANCE

Posted on 26/11/2024

Daily Cuts – Singapore’s manufacturing output rises a fourth straight month in October, but slower

Singapore Today's Daniel Martin and Justine Moss speak with Alvin Liew, Senior Economist, UOB, about why Singapore's manufacturing output has risen for a fourth straight month in October, but at a ...

Posted on 26/11/2024

Singapore banks – a haven amid market volatility, with promising earnings and attractive dividends

OCBC, and DBS are seen as having a low risk of earnings downturn, with some analysts even forecasting a rise in earnings and margins.

Posted on 26/11/2024

Singapore’s First APAC Fund to invest up to AED 5bln in Dubai’s AMIS Development

The partnership reflects the Fund’s confidence in Dubai’s real estate market and AMIS Development’s reputation for high-value luxury developments ...

Posted on 26/11/2024

Singapore sets new hotel licensing guidelines for 2025

Singapore's Hotels Licensing Regulations 2024, effective January 2025, seeks to modernise hotel operations, streamline licensing, and introduce stricter requirements for operators.

Posted on 26/11/2024

OCBC downgrades PropNex to ‘hold’ but raises target price to 96 cents

Despite the downgrade, Tan expects PropNex to remain a solid dividend yield play. He projects a dividend payout of 90%, implying FY2024 and FY2025 yields of 5.6% and 6.1% respectively. As at 11.05am, ...

Posted on 26/11/2024

Macquarie revises Singapore earnings growth for FY2024 to 7% from 3%

With such momentum, Macquarie now expects Singapore equities to generate earnings growth of 7% for the current FY2024 under its base case scenario, and to grow by a further 7% in the coming FY2025. It ...

Posted on 26/11/2024

Brokers’ take: Macquarie initiates coverage on S-Reits, favours those with industrial exposure

MACQUARIE Research started coverage on Singapore real estate investment trusts (S-Reits), with an “outperform” rating on nine out of the 11 it listed. Read more at The Business Times.

Posted on 26/11/2024

YouTrip to Raise Series C Ahead of Planned IPO, Listing Still ‘A Few Years’ Away

Caecilia Chu, who recently toured the New York Stock Exchange, is actively preparing YouTrip for an Initial Public Offering (IPO).

Posted on 26/11/2024

Singapore stocks declined on Tuesday’s open—STI dropped 0.3%

SINGAPORE: Singapore stocks opened on Tuesday (Nov 26) following similar declines in other Asian markets after US President-elect Donald Trump announced an additional 10% tariff on Chinese goods, ...

Posted on 26/11/2024

MAS: Banking sector’s overall exposure to India’s Adani Group is small

The Singapore banking sector's overall exposure to the Adani Group, the Indian conglomerate embroiled in bribery and fraud allegations by US authorities, is small, the Monetary Authority of Singapore ...

Posted on 26/11/2024

DBS raises target price for Parkway Life REIT to $4.80

DBS Group Research has kept its "buy" call and raised its target price for Parkway Life REIT to $4.80 from $4.50, calling the owner of hospitals and nursing homes "a rare jewel" among S-REITs offering ...

Posted on 26/11/2024

Singapore’s YouTrip CEO unveils route to IPO for FX digital wallet

The chief executive officer of Singapore-based foreign exchange digital wallet YouTrip was given a private tour of the venue, with bourse executives and market makers like Citadel Securities pitching ...

Posted on 26/11/2024

Singapore’s Central Bank Could Ease in January

Singapore’s softer-than-expected core inflation reading for October prompted Barclays to lower its inflation forecasts and shift its base case for MAS easing to begin in January instead of April.

Posted on 26/11/2024

Green listings are the way to go for Singapore’s capital markets

The region faces a funding crunch and S'pore can help plug the gap by becoming a hub for green listings. Read more at straitstimes.com.

Posted on 26/11/2024

RHB upgrades Singapore banks to ‘overweight’ as it sees upside from capital management initiatives

The Singapore research team at RHB Bank Singapore has upgraded the Singapore banking sector to “overweight” from “neutral”, with United Overseas Bank U11 RHB maintains its “buy” calls on UOB and DBS, ...

Posted on 25/11/2024

STI falls 0.4% despite gains in Asia, RHB upgrading Singapore banking stocks

Regional markets ended mixed. Hong Kong’s Hang Seng fell 0.4 per cent, while Malaysia’s FTSE Bursa Malaysia Kuala Lumpur Composite Index gained 0.5 per cent, Japan’s Nikkei 225 ended 1.3 per cent ...

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