Backed by investors including Singapore's Temasek and Japan's SoftBank, Ola Electric was valued at $5.4 billion in a recent fund raising.
RHB downgrades UOB to ‘neutral’ on limited potential upside to share price
As at RHB’s report on Sept 18, shares in the bank closed at $29.20 as at Sept 15. In comparison, the team’s unchanged target price of $31.70 offers an upside of 9%.
Son of Singapore’s Former Prime Minister Charged With False Trading Offenses
The development adds to a number of scandals in the financial hub known for its zero tolerance for corruption.
SGX: DBS Anticipates Profit Surge at ComfortDelGro with Public Transport Fare Hike
The Singapore-based bank DBS anticipates higher profits for ComfortDelGro Corporation Limited (SG:C52) following a 7% hike in public transport ...
Son of Singapore’s former PM Goh Chok Tong among 4 men charged with false trading
Goh Jin Hian is accused of conspiring with the other three men to manipulate securities prices of New Silkroutes Group He was CEO of the investment holding firm from June 2015. Prosecutors say he ...
Former Singapore PM Goh Chok Tong’s son among 4 men charged with false trading
Prosecutors say he might receive more charges at a later date Goh Jin Hian, the former chief executive officer of Singapore-based investment holding company New Silkroutes Group, was charged on ...
Soft Start Seen For Singapore Shares
The Singapore stock market has moved lower in consecutive trading days, sinking almost 40 points or 1.2 percent in that span. The ...
Singapore shares fall as cautious investors await Fed’s next move
SINGAPORE shares fell on Tuesday (Sep 19) in tandem with most regional indices, with investors cautiously waiting on the upcoming US Federal Reserve meeting that is taking place over the next two days ...
3 Singapore Blue-Chip Stocks with Rising Dividends and Great Prospects
We profile three well-known blue-chip names that reported higher dividends along with optimistic business prospects. The post 3 Singapore Blue-Chip Stocks with Rising Dividends and Great Prospects ...
UOB Kay Hian ups UMS’s TP to $1.56 after its key customer raises its earnings guidance
Analyst John Cheong sees the company as being “well-positioned” to benefit from the recovery of the semicon industry.
BlackRock’s largest Singapore-based ETF launch targets Asian climate action
BlackRock (NYSE:BLK), the world's largest asset manager, has launched its largest equity exchange-traded fund (ETF) in Singapore to date. The iShares MSCI Asia ex-Japan Climate Action ETF, valued at ...
MAS records highest civil penalties, convictions for financial crimes for 2022/2023
SINGAPORE - The Monetary Authority of Singapore (MAS) imposed the highest amount in civil penalties and recorded the highest number of convictions for financial crimes from Jan 2022 to June this year, ...
OCBC becomes first bank in Singapore to offer cross-border payments for customers through Alipay+
This partnership is OCBC’s latest cross-border payments collaboration, following its partnership with UnionPay earlier this year.
OCBC to enable QR payments in China via Ant Group partnership
OCBC’S Singapore customers can use their banking app to make QR code payments in China from Friday (Sep 22), under a new partnership with Alipay operator Ant Group. Read more at The Business Times.
Fare hike could lift ComfortDelGro’s FY2024 net profit by $11 million: DBS
ComfortDelGro has a 74.4 per cent stake in SBS Transit, which operates public bus and train services in Singapore. Read more at straitstimes.com.
UOB Kay Hian lowers SIA’s target price to $6.44 as August’s operation data disappointed
UOB Kay Hian believes SIA’s profitability has likely peaked and its earnings performance ahead is “due for normalisation”.