UOBKH's Jonathan Koh has reduced his FY2024 DPU estimates by 1.8% on average. His TPs, however, have been raised by 3.5%.
DBS ‘optimistic’ about ‘buoyant growth’ in 1H2023, but sees ‘potential slowdown’ in ‘uncertain’ 2H2023
Assuming there will be no mutation of variants causing renewed outbreaks and restrictions, a complete unwinding of Covid-related restrictions in 2H2023 is highly probable – and it will serve as a ...
Singapore stocks slip ahead of US inflation report; STI down 0.1%
THE Straits Times Index (STI) dipped 0.1 per cent or 3.73 points to 3,267.78 on Thursday (Jan 12), as the trio of Singapore banks stuttered ahead of the release of US inflation data. Read more at The ...
Molecular Group announce the establishment of its new investment company XMG Capital in Singapore
Chainwire Molecular Group, a leading investment firm based in Hong Kong, is pleased to announce the establishment of its new investment company, XMG Capital. Located in Singapore, a hub for the ...
Jail for man linked to scam where retiree’s life savings of $1m were transferred to other bank accounts
Dickson Jong recruited a man whose bank account was used to receive about $250,000 of the victim’s money. Read more at straitstimes.com.
Eastspring names deputy regional CEO for Asia
Eastspring Investments, Prudential’s asset management business, has appointed Faizal Gaffoor as deputy regional chief executive officer and head of products and partnerships in Asia.
Jail for man linked to case where elderly woman was scammed of S$1 million in CPF savings
SINGAPORE: A man linked to the case of a 75-year-old retiree who lost S$1 million from her Central Provident Fund in life savings was sentenced on Thursday (Jan 12). Dickson Jong Chee Siang, 29, was ...
“Uncle cut queue at OCBC bank, staff did nothing to deescalate situation” — Netizens react when customer confronts uncle
A video of an uncle cutting a queue at a bank and staff allegedly doing nothing about it has gotten many Singaporeans talking online. Many have called out his inconsiderate behaviour. On Tuesday (Jan ...
CNY Ang Bao Rates in Singapore (2023) – Everything You Need to Know
Is this Chinese New Year going to be your first time giving out ang baos (red packets) as a newlywed couple? You might have some questions. What are the market rates for giving ang baos? Must I give ...
Singapore health tech startup Holmusk raises $45m
Nasdaq-listed health technology firm Veradigm on Wednesday announced a strategic investment in Singapore- and New York-headquartered data analytics startup Holmusk. Veradigm (formerly Allscripts ...
Mapletree Investments, PAG to Acquire Hong Kong’s Goldin Financial Global Centre
Singapore-based real-estate developer Mapletree Investments and PAG Private Equity have agreed to form a 50/50 joint venture to acquire Hong Kong’s Goldin Financial Global Centre.
The Stock Market Has Crashed 20%. Here’s 5 Things Investors Can Do In A Bear Market
It can be scary to invest during a market crash, especially if we don’t know what we’re doing. Bear markets are typically defined as a 20% drop in the broad stock market. The S&P 500 Index, a ...
Saudi wealth fund joins US$930 mil pre-IPO bet on Kakao Entertainment Corp
Kakao Entertainment Corp. has won US$930 million ($1.24 billion) from investors including Saudi Arabia’s sovereign wealth fund, securing one of the country’s largest-ever financing rounds at a time ...
Market LIVE Updates: SGX Nifty futures indicate a positive start for Sensex and Nifty
Indian equity benchmarks BSE Sensex and NSE Nifty50 are likely to open higher on Friday amid positive cues from global markets. Singapore Exchange Nifty futures, an early indicator of the Nifty index, ...
Goldman Sachs lays off 16 private banking staff across Hong Kong, Singapore and China offices: Source
NEW YORK/LONDON/HONG KONG - Goldman Sachs began laying off staff on Wednesday (Jan 11) in a sweeping cost-cutting drive, with around a third of those affected coming from the investment banking and ...
Aiken Group Strengthens Leadership With Two Key Appointments
Aiken Group, a global growth agency specializing in assisting global brands with their digital transformation, is pleased to announce several key appointments to its leadership team.