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Category: FINANCE

Posted on 05/01/2023

Long queues at ATMs as most people prefer fresh CNY notes over fit-for-gifting type

A long queue, comprising mostly seniors who want to get their hands on new notes ahead of Chinese New Year, formed at two pop-up ATMs at Ci Yuan Community Club in Hougang on Thursday (Jan 5).The ...

Posted on 05/01/2023

These 2 Gaming Giants Have Double-Digit Upside Potential, Says DBS

We can follow that logic, taking a cue from Singapore’s banking giant DBS, which has been tagging the giant gaming stocks as Buys, with upside potential on the order of 20% or better. Here are their ...

Posted on 05/01/2023

Yangzijiang’s share price weakness at the start of 2023 presents ‘buying opportunity’: DBS

DBS Group Research analyst Ho Pei Hwa has reiterated her “buy” call for Yangzijiang Shipbuilding (YZJ) with a target price (TP) of $1.70. According to Ho, the recent price weakness following the ...

Posted on 05/01/2023

Market LIVE Updates: SGX Nifty indicates a positive start for Sensex and Nifty 50

Indian equity benchmarks BSE Sensex and NSE Nifty50 are expected to open higher on Thursday amid positive cues from global markets. Singapore Exchange Nifty futures, an early indicator of the Nifty ...

Posted on 05/01/2023

Investor tied to Singapore’s Lee clans sees crypto outperforming

An investment firm tied to two of Singapore’s most well-known families is taking steps to bet on the future of digital assets, despite the chill in the industry. Whampoa Group, a multi-family office ...

Posted on 05/01/2023

Market LIVE Updates: Sensex and Nifty 50 edge higher, financial stocks underperform

"c-message_kit__gutter"> Stock Market LIVE Updates: Indian equity benchmarks BSE Sensex and NSE Nifty50 opened higher on Thursday amid positive cues from global markets. Gains in FMCG and IT ...

Posted on 05/01/2023

Global IPO proceeds down 61% in 2022, Southeast Asia down 50%: EY

Compared to Singapore’s eight listings raising US$40 million in 2022, Hong Kong saw 67 listings raising US$12.4 billion.

Posted on 05/01/2023

Apac IPOs most resilient in 2022; tech and energy groups lead large issuances: EY

THE initial public offering (IPO) market in Asia-Pacific (Apac) has been the most resilient compared with other regions, with stronger and higher growth potentials, according to an EY report on ...

Posted on 05/01/2023

Foreigners Cash Out From Southeast Asia Stocks After Strong Year

The strong appetite for Southeast Asia stocks seen over the past year is starting to ebb as the reopening of China draws global funds to cheaper northern markets.

Posted on 05/01/2023

UOB Kay Hian strengthens internal controls in response to SGX ban

The brokerage was barred by SGX from acting as an issue manager or full sponsor for public listings. Read more at straitstimes.com.

Posted on 05/01/2023

Nifty to fall below 18000 or bulls to stage a comeback? 7 key things to know before market opening bell

SGX Nifty hints at a positive start for benchmark indices NSE Nifty 50 and BSE Sensex. Nifty futures are trading at 18,164, up 53 pts on the Singapore Exchange. Here are 7 things you must know before ...

Posted on 05/01/2023

Second teen pleads guilty to part involvement OCBC phishing scam in Singapore

A 19-year-old man on Wednesday (Jan 4) admitted to his involvement in a spate of high-profile phishing scams affecting OCBC bank between December 2021 ...

Posted on 05/01/2023

A more uncertain 2023, but Singapore market is expected to outperform: UOB Kay Hian

Despite forecasting a "tough year" for Singapore in 2023, UOB KH thinks the STI will outperform. Analysts at UOB Kay Hian (UOB KH) are forecasting that the Singapore market will o ...

Posted on 05/01/2023

10 Top Dividend Aristocrat Stocks To Buy In 2023 – Our Favorite Is Singapore Technologies Engineering

Dividend Aristocrats is an S&P term for stocks that have raised their annual dividend every year for many years. See 10 top dividend aristocrats here.

Posted on 04/01/2023

Online grocery startup Kurly scraps IPO amid market uncertainty

We have decided to postpone listing on the Korea Exchange (KOSPI), considering market sentiment remained weak amid the global market uncertainties,” the company said in an emailed statement. The ...

Posted on 04/01/2023

Phishing scams involving OCBC customers: SG teen reoffended while on probation

A teenager was on probation when he took part in money laundering-related activities linked to phishing scams involving OCBC Bank’s customers.

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