Its earnings jumped by over 38 per cent to $19.7 million for the full year ended Aug 31. Read more at straitstimes.com.
China Aviation Oil (Singapore) (SGX:G92) shareholders have endured a 30% loss from investing in the stock five years ago
For many, the main point of investing is to generate higher returns than the overall market. But every investor ...
GoTo will not pursue an international IPO, reports lower losses for Q3 2023
For Q3 2023, it reported losses at 2.4 trillion rupiah ($205.8 million) compared with 6.7 trillion rupiah in Q3 2022 Read more at straitstimes.com.
HSBC’s profit resilience may face sterner tests
HSBC’s , resilient bottom line may face some stiffer challenges. Europe’s largest bank on Monday reported that third-quarter earnings had doubled from the same period a year earlier and said it was buying back a further $3 billion of stock,
Reits lead Singapore stocks higher on Monday, STI up 0.1%
The Straits Times Index (STI) rose 0.1 per cent or 2.44 points to close at 3,064.29, with real estate investment trusts (Reits) leading the gainers.
Skyroot Aerospace raises $27.5 million in pre-Series C round led by Singapore’s Temasek
Spacetech startup Skyroot Aerospace, which successfully fired India’s and South Asia’s first privately built rocket in November 2022, has raised US $27.5 million (approx. Rs 225 crore) in a pre-Series ...
Sheffield Green closes at S$0.19 on Catalist debut, 24% below IPO price
SHEFFIELD Green, which provides human resources for the renewable energy sector, closed at S$0.191 on its trading debut on the Singapore Exchange’s (SGX) Catalist board on Monday (Oct 30) – 23.6 per ...
HSBC plans US$3 billion share buyback, CEO touts capital strength
I think we are at the bottom of the market, but it will take quite a while for that market to recover and regain momentum' ...
HSBC Q3 profit misses estimates, to buy back US$3 billion of shares
HSBC Holdings reported on Monday a 240 per cent increase in third-quarter pre-tax profit as higher interest rates boosted the bank’s profitability and helped it fund a fresh US$3 billion share buyback ...
HSBC gives $3bn boost to investors as profits double
HSBC saw profits in the third quarter more than double to $7.7 billion thanks to higher interest rates, figures likely to lead to fresh calls for banks to boost savings rates. The London-listen lender ...
How tokenisation unlocks ‘US$3 trillion opportunity’ in Asia’s retail investment market
Private firms are exploring tokenisation of real-world assets such as carbon credits as a means to open up niche markets to millions of small retail investors.
Bank customers in SG advised to switch to push notifications as they are more secure than SMSes
SINGAPORE: Consumers should switch to push notifications instead of SMS alerts for digital banking because they are safer and more secure, experts told The Straits Times.
Singapore’s central bank proposes engagement, over divestment, for decarbonising finance firms
Experts have lauded the Singapore regulator's transition planning guidelines as one of the most comprehensive for the financial sector thus far, but call for more clarity over when divestment could be ...
Bank customers advised to switch to push notifications as they are more secure than SMSes
Traditional SMS messages lack encryption and are inherently insecure, and can be spoofed by scammers. Read more at straitstimes.com.
CGS-CIMB and DBS trim respective target prices for Sheng Siong
"We deemed Sheng Siong's current valuation as attractive, as it is currently trading close to its historical trough valuation of 15.3x forward earnings," write Ong and Tan, who have an "add" call on ...
Why OCBC is doubling down on generative AI
Generative AI is also transformational as it can help increase speed to market. He explains: “The large language models (LLMs) used in generative AI are general-purpose so one model can be repurposed ...