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Category: FINANCE

Posted on 06/08/2024

CapitaLand Ascott Trust bags $165 million OCBC sustainability-linked loan

Trust said to have “greened” 51 per cent of its global portfolio by gross floor area. Read more at straitstimes.com.

Posted on 06/08/2024

Sembcorp to invest $700 million in green urban initiatives; first-half profit down 11%

It announced an interim dividend of six cents per share, which will be paid on Aug 22. Read more at straitstimes.com.

Posted on 06/08/2024

Next DBS CEO should have the skills to run the ‘Digital Bank of Singapore’

MANY in Singapore’s analyst community have been busy speculating when the DBS chief executive post will become vacant. But they have less to say about who the replacement can be, simply because ...

Posted on 06/08/2024

Citi downgrades DBS, OCBC, UOB to ‘sell’ as first signs of US contraction emerge

Citi Research analyst Tan Yong Hong has downgraded Singapore’s three major banks to “underweight” as Citi economists expect 225 basis points (bps) of rate cuts by the US Federal Reserve in 10 months ...

Posted on 06/08/2024

Firstcry IPO: Retail platform raises ₹1,886 crore in anchor book round ahead of public issue

According to the exchange filing, the company has allocated 4,05,55,428 equity shares to 71 anchor investors at the upper price band of ₹465 per equity share with face value of ₹2 per share.

Posted on 06/08/2024

OLA Electric IPO GMP declines further! What grey market premium signals for Bhavish Aggarwal’s EV company

The initial share sale received bids for 49,43,63,610 shares against 46,51,59,451 shares on offer, translating into 1.06 times subscription, according to the NSE data.

Posted on 06/08/2024

Ola Electric IPO sails through on Day 2. Check GMP

The initial public offering of Ola Electric was fully subscribed on the second day. Retail investors' portion was oversubscribed 2.86 times and non-institutional investors' portion 1.09 times.

Posted on 05/08/2024

Ola Electric IPO subscribed 64% in 2 days. Check GMP and other details

The IPO comprises a fresh issue of Rs 5,500 crore and an offer ... The company lowered its valuation in its last funding round in September led by Singapore’s investment firm Temasek, which valued it ...

Posted on 05/08/2024

UOB prices A$1 billion in bonds, the largest-ever conventional single-tranche issuance by a Singapore issuer in Australia

SINGAPORE, Aug. 5, 2024 /PRNewswire/ -- UOB Sydney Branch has priced A$1 billion in four-year senior unsecured notes due 2028. The notes were priced on Friday (2 Aug) at the Bank Bill Swap Rate (BBSW) ...

Posted on 05/08/2024

MOVES-Nomura appoints HSBC’s Philip Kunz to head Southeast Asia wealth business, memo shows

Kunz was HSBC's head of global private banking for South and Southeast Asia until recently. He will be based in Singapore and report to Anurag Mahesh, head of coverage for Southeast Asia, global South ...

Posted on 05/08/2024

Singapore gets Big Pharma rush to invest in plants for aging region

SINGAPORE -- Large investments from some of the world's biggest drugmakers are pouring into Singapore as companies seek to expand production in the city-state and access broader Asia, one of the ...

Posted on 05/08/2024

Kickstart Your Investment Journey: Here Are 7 Singapore-Listed Companies for New Investors to Consider

1. DBS Group Holdings Ltd (SGX: D05) DBS Group Holdings Ltd (DBS) holds a significant presence both domestically as the largest bank in Singapore, and within the region, operating in 19 markets. For ...

Posted on 05/08/2024

Singapore Shares Likely To Open Under Pressure On Monday

DBS Group surrendered 1.86 percent, DFI Retail soared 2.30 percent, Frasers Logistics & Commercial Trust advanced 0.98 percent, Genting Singapore sank 0.59 percent, Hongkong Land and Jardine Cycle ...

Posted on 04/08/2024

Afcom Holdings IPO: 129% GMP per share – Check subscription last date

The company is involve in carriage freight from airport to airport. It has been flying cargo flights to ASEAN nations such as Singapore, Indonesia, and Brunei, mainly Singapore.

Posted on 04/08/2024

Hong Kong’s Wealth Comeback: Chinese Rich Return After Singapore Cracks Down on Money Laundering

Hong Kong is welcoming back its wealthy Chinese residents with open arms. After years of millionaires leaving the city, about 200 high-net-worth individuals are expected to return this year. This ...

Posted on 04/08/2024

OCBC Q2 profit up 14% to $1.94 billion, bank to weigh its options for Great Eastern

SINGAPORE – OCBC Bank’s second-quarter earnings grew more than expected on strong growth in fee, trading and insurance income, as well as a decline in allowances. Net profit for the second quarter ...

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