Nomura raised its target price to 6,400 yen from 5,600 yen and kept a "buy" call, noting the automaker was well ahead of rivals in the Indian market and that margins ... around 10% to 66 Australian cents. In Singapore, shares of DBS dropped 2.3%. ( read original story ...)
SEBI boosts stock trading on GIFT
Stock brokers ... that shifted to Singapore and Dubai may come back as derivatives trading picks up on GIFT and even the talent pool will return here.” The 52 stocks that are now allowed on GIFT account for nearly 55 per cent of market capitalisation ... ( read original story ...)
UOB Painting of the Year 2017 and young aspiring artists in Asia
Among the seven UOB POY artists taking part are Carey Ngai, the 2016 Winner in the Established Category (Singapore) and Aaron Gan, the 2015 Gold Award Winner in the Established Category (Singapore). This new initiative is a continuation of UOB’s ... ( read original story ...)
The worst appears to be over for banks in one of the world’s major financial hubs
All three Singapore banks — DBS, OCBC and UOB — topped or generally met expectations in their second-quarter earnings But lingering weakness in the oil and gas sector means asset quality may still deteriorate in the coming quarters, warned DBS CEO ... ( read original story ...)
Singapore’s DBS second-quarter profit up 8.5 percent on loan growth, flags pressures on asset quality
SINGAPORE (Reuters) - Singapore's biggest lender, DBS Group Holdings, reported an 8.5 percent increase in quarterly profit that came in line with market expectations, boosted by strong loan growth, but the bank flagged pressures on asset quality. ( read original story ...)
Singapore’s Novena Global plans $150m Taiwan IPO
Singapore-based Novena Global Lifecare Group is teeing up a $150m IPO in Taiwan as it looks for capital to fund expansion in north Asia. By John Loh, Jonathan Breen 12:00 PM Novena, an integrated medical healthcare and aesthetic group, dropped plans to ... ( read original story ...)
Prima Marine to double fleet via IPO
The rest of the cash from the IPO would go into working capital and repaying loans ... It previously planned to list in the stock market in Hong Kong and Singapore but finally decided to list in the SET. ( read original story ...)
HNA Reit looking for new banks after BAML retreats
HNA Commercial Reit is on the lookout for arrangers for its Singapore IPO, after Bank of America Merrill Lynch walked away from the deal. But the real estate investment trust’s search will not be easy. Bulge bracket firms are under scrutiny for any ties ... ( read original story ...)
Singapore’s GIC, Canadian pension fund to invest S$1.5 billion in Hollywood talent agency: Report
The Canada Pension Plan Investment Board and Government of Singapore Investment Fund are limited partners ... potentially postponing a long-rumoured IPO. Silver Lake has invested US$750 million in WME-IMG in two rounds, first into WME in 2012, and again ... ( read original story ...)
Technology Ranked as Singapore’s Strongest Sector in July
NetLink NBN Trust NetLink NBN Trust designs, builds, owns and operates the passive fibre network infrastructure of Singapore’s Next Gen NBN, made its trading debut on the Mainboard on 19 July. The trust contributed IPO market capitalisation of $3.2 ... ( read original story ...)
Aramco Pits London Against New York as Saudis Pick IPO Venue (1)
Tokyo and Singapore Exchanges in both Asian cities made aggressive pitches to Saudi authorities for the IPO, though neither Japan nor Singapore consumes as much crude oil as China. A listing in Japan, where Aramco owns shares in a refiner as well as ... ( read original story ...)
Morgan Lewis gains approval from Law Society to operate in Hong Kong
This year the China team has closed five IPOs in a diverse set of industries, including a $180 million IPO on the Hong Kong Exchange and collaborated with the firm’s Singapore office on multiple dual-listings on the Singapore and Hong Kong exchanges. ( read original story ...)
Luxury Pavilion – Alibaba’s exclusive hi-tech offering to its biggest spenders
SEE ALSO: JD.com registers first profits since IPO, continues plans to rival Alibaba Both Alibaba ... SEE ALSO: Online fashion store Dressabelle acquired by Singapore’s iFashion for $5.5m Artificial intelligence and big data frameworks embedded into ... ( read original story ...)
DBS, OCBC CEOs amongst LinkedIn’s power profiles
The Power Profiles 2017 names the most viewed professionals on LinkedIn in Singapore. The site noted that they utilised ... DBS CEO Piyush Gupta as well as OCBC Bank Chief Samuel Tsien were amongst the top CEO profiles. Meanwhile, Lazada CEO Maximilian ... ( read original story ...)
DBS Q2 profit rises 8.5 pct on robust loan growth
SINGAPORE, Aug 4 (Reuters) - DBS Group Holdings, Singapore's biggest lender, reported an 8.5 percent increase in quarterly profit that came in line with market expectations, boosted by strong loan growth. DBS, the last local bank to post results ... ( read original story ...)
UPDATE 1-Singapore’s DBS Q2 profit up 8.5 pct on loan growth, flags pressures on asset quality
SINGAPORE, Aug 4 (Reuters) - Singapore's biggest lender, DBS Group Holdings, reported an 8.5 percent increase in quarterly profit that came in line with market expectations, boosted by strong loan growth, but the bank flagged pressures on asset quality. ( read original story ...)