SINGAPORE shares started Tuesday (May 28) on a stronger note, following European stocks’ overnight gains. Read more at The Business Times.
S’pore biotech start-up Mirxes refiles for Hong Kong IPO, eyes growth in China
Founded in 2014 as a spin-off from Singapore’s Agency for Science, Technology and Research (A*Star), Mirxes focuses on microRNA-based cancer detection. Its flagship product, GastroClear, is the ...
Singapore invests $37.1m for precision oncology research
Office, MOH Holdings, Pte Ltd, has invested $37.1m (S$50m) to advance precision oncology research in Singapore. The investment, under the NMRC Open Fund-Large Collaborative Grant (OF-LCG) programme, ...
Hong Kong’s stock exchange hustles for more IPOs as capital returns to the market
S'pore and Hong Kong have a part to play in the growth of the region’s wealth, the CEO of HKEX said. Read more at straitstimes.com.
Singapore Exchange Market closes marginally higher
At closing bell, the Straits Times Index (STI) index edged up 1.89 points, or 0.06% to 3,318.45 after trading between 3,308.94 and 3,324.07. Across the broader market, advancers outpaced decliners 328 ...
UOB poised to benefit from growth of SEA’s mass affluent segment
SEA’s mass affluent market grew by 36.4% between 2017 and 2022, and healthy growth is expected to continue. ASEAN nations have notably been benefiting from foreign direct investment, increasing level ...
DBS, UOB, and OCBC lead SG stocks with a $500m net institutional inflow
The trio averaged 15.6% total returns from 1 January to 23 May. DBS Group Holdings (DBS), United Overseas Bank (UOB) and Oversea-Chinese Banking Corporation (OCBC) remain the most traded stocks in ...
Haidilao operator Super Hi targets $1.38bn valuation in US IPO
S uper Hi International, operator of the Chinese hotpot restaurant chain Haidilao outside China, is targeting a valuation of $1.38bn in its initial public offering (IPO) in the US, Reuters has ...
Singapore’s Seatrium gets $8bn boost as Petrobras orders more FPSOs
Seatrium has secured fresh orders worth SGD 11bn ($8.1bn) after Brazil’s Petrobras ordered two more floating production, storage and offloading (FPSOs) at the group. Construction for the P-84 and P-85 ...
Banks, utilities top Morgan Stanley’s top stocks in Singapore
DBS, OCBC, Singtel, Sembcorp and Genting are its top picks. Defying global uncertainties, Singapore’s equity market is well-positioned to benefit from elevated interest rates with high-dividend stocks ...
Philippine Senate probes mayor linked to couple in Singapore’s S$3b money laundering case
THE mayor of a small town in the Philippines, who is said to own 16 vehicles and a helicopter, has been linked to two foreigners arrested in Singapore’s S$3 billion money laundering case. Read more at ...
Singapore Insurer’s Holders Seeking Better Offer From OCBC
A group of minority holders of Great Eastern Holdings Ltd. are resisting the S$1.4 billion ($1 billion) takeover bid from Oversea-Chinese Banking Corp., opening a new front in a longstanding fight ...
4 Singapore Retail REITs Sporting Distribution Yields of 5.5% or Higher
Here are four Singapore-listed retail REITs with distribution yields ... However, DPU fell by 14.5% year on year to S$0.021 because of higher finance costs. LREIT’s trailing 12-month DPU stood at ...
HSBC eyes synergies in wealth management, family office business amid robust profit growth in Asia
The UK lender aims to boost synergies through talent exchanges and client referrals in both cities in the coming years Pre-tax profit from HSBC's wealth management unit in Asia surged 51 per cent last ...
DBS keeps ‘buy’ on Hongkong Land despite impending writedown
Hongkong Land now trades at a discount of 69% off the RNAV of US$11.1 per share estimated by the DBS analysts. In their May 24 note, DBS points out that market sentiment in China has continued to ...
Are this month’s Singapore Savings Bonds a must buy? What is the expected allocation for each investor?
What is the expected allotment per investor on the June Singapore Savings Bonds?