The Singapore stock market has fallen lower in back-to-back sessions, sliding almost 70 points or 2 percent along the way. The Straits Times Index now rests just above the 3,545-point plateau although it may find traction on Monday. The global forecast for ... ( read original story ...)
Novaland raises $160 million from convertible bonds in Singapore
The bonds were later listed on the Singapore Stock Exchange (SGX ... At least three new projects are slated to come to the market in 2018, said the firm. In 2018, Novaland sets out to reach VND21.7 trillion ($953 million) of revenue, or a whopping ... ( read original story ...)
Valuing Singapore Press Holdings: Sum of the Parts Valuation Case Study
Singapore Press Holding is changing. Whether it is actions lead by new CEO Ng Yat Chung or previous management, the approach now seem to be morphing it into more of a property based business. I thought why not take this opportunity to take stock whether ... ( read original story ...)
Stock market drops, ignores Asia
The stock market slipped Monday on concerns about rising inflation ... But Tokyo ended marginally lower as traders returned following an extended holiday weekend, while Singapore was 0.2 percent off. Seoul was closed for a public holiday. ( read original story ...)
EURO / SINGAPORE-DOLLAR (EUR/SGD)
04/24 BOND REPORT: U.S. 10-year Government Bond Yield Comes Off 3% Level, But Triggers Stock Market Tremors 07:58a EUR/SGD touched a new figure level at 1.62 [05:58 GMT] #forex #fx #finance #E.. 06:52a EUR/SGD touched a yesterday high at 1.61913 [04:52 ... ( read original story ...)
SEBI allows stock exchanges to extend trading timing for derivatives segment
"SEBI permitting trading times in equity derivatives from 9 am to 11.55 is a welcome step and will help controlling the shifting of price discovery of Indian stock to Singapore or Dubai ... which dominates the derivatives market volumes, said the move ... ( read original story ...)
OCBC Drops on Concern Profit Growth Relied on Loan Provisions
OCBC was the last of Singapore’s three major banks to report results. The lenders are benefiting from rising interest income and an improved credit environment, and their growing wealth management operations have provided a new revenue stream. ( read original story ...)
Singapore bank OCBC’s Q1 profit at 3-1/2 year high, tad below estimates
SINGAPORE (Reuters) - Singapore’s Oversea-Chinese Banking Corp Ltd (OCBC) reported a 29 percent rise in quarterly profit, underpinned by strong growth in net interest income and wealth management, but missed market estimates, sending its shares down 3.2 ... ( read original story ...)
POSB trials cashless programme for seniors
She does not have to constantly top up the amount in the free contactless ATM card she received from POSB because it is linked to her bank ... trial by the bank to get senior citizens on board Singapore's cashless drive. They were each given an ATM card ... ( read original story ...)
DBS Group Holdings Ltd’s Profit Soars in 2018’s First Quarter
With banks in Singapore’s stock market among the top gainers over the last two years, there is understandably considerable interest in them when they release their earnings updates. DBS Group Holdings Ltd (SGX: D05) kicked things off last Monday by being ... ( read original story ...)
UPDATE 2-Singapore bank OCBC’s Q1 profit at 3-1/2 yr high, tad below estimates
SINGAPORE, May 7 (Reuters) - Singapore’s Oversea-Chinese Banking Corp Ltd (OCBC) reported a 29 percent rise in quarterly profit, underpinned by strong growth in net interest income and wealth management, but missed market estimates, sending its shares ... ( read original story ...)
UPDATE 1-Singapore bank OCBC’s Q1 profit up 29 pct, tad below estimates
SINGAPORE, May 7 (Reuters) - Singapore’s Oversea-Chinese Banking Corp Ltd (OCBC) posted a 29 percent rise in quarterly profit on Monday, underpinned by strong growth in net interest income and wealth management, but missed market estimates. The results ... ( read original story ...)
OCBC Profit Climbs on Lending Income, Lower Loan Allowances
Net income increased 29 percent from a year earlier to S$1.11 billion ($832 million) in the three months ended March, the Singapore-based bank said Monday. The bad-loan ratio improved from the previous quarter and OCBC’s loan portfolio is “sound ... ( read original story ...)
Cycling: Participants of OCBC Cycle 2018 community rides set for stunning views
SINGAPORE - OCBC Cycle 2018's community rides take place on Sunday (May 6) at the Singapore Sports Hub with participants set to enjoy breathtaking views of the country's skyline. Both The Sportive Ride (40.8km) and The Straits Times Ride (23km), will take ... ( read original story ...)
POSB trials new cashless programme for senior citizens in Yishun
SINGAPORE - These days, Madam Asmah Md Yassin ... She does not have to constantly top-up the amount in the free contactless ATM card she received from POSB because it is linked to her bank account. The Yishun resident is one of 62 in the estate, aged ... ( read original story ...)
UOB posts record profit of US$733mil for first quarter
SINGAPORE: United Overseas Bank (UOB)racked up record-breaking results in the first quarter thanks to a triple treat of higher net interest margins, strong growth in wealth management income and a big drop in bad debt charges. Earnings shot up 21% to a new ... ( read original story ...)