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Tag: stock market

Posted on 26/08/2020

Ant Group’s mega IPO will reward staff and early investors, including the businesses of two of Hong Kong’s wealthiest families

The Lis and Tungs invested in Ant Group in the fintech company’s US$14 billion private-equity funding round in 2018 before it filed its dual-listing application on Shanghai’s Star Market and in Hong ... ( read original story ...)

Posted on 26/08/2020

Brazil’s Rede D’Or hires banks for IPO, seeks to raise up to $2.72 bln -newspaper

Brazilian hospital group Rede D’Or São Luiz has hired banks for a proposed initial public offering (IPO), the Valor Econômico newspaper reported on Wednesday citing two unnamed sources. SAO PAULO, Aug ... ( read original story ...)

Posted on 26/08/2020

UBS says the Singapore market is currently ‘undervalued’

Singapore's market has "done really badly" so far this year and there is currently "a lot of value" in some of its stocks, says Kelvin Tay of UBS Global Wealth Management. ( read original story ...)

Posted on 26/08/2020

Ant Group files for IPOs in Hong Kong and Shanghai

Ant plans to raise more than US$20 billion from the dual listing, which could even reach US$30 billion if market conditions allow. ( read original story ...)

Posted on 26/08/2020

Singapore’s market is ‘undervalued’ at the moment, says UBS

Singapore's Straits Times Index is among Asia's worst performing indexes so far in 2020. It is still down more than 21% year to date as of Wednesday afternoon Singapore time, according to Refinitiv ... ( read original story ...)

Posted on 26/08/2020

Banking-related phishing scams spike more than 2,500% in first half of 2020

SINGAPORE: The total number of banking-related phishing scams increased by more than 2,500 per cent in the first half of this year to 898 cases, ... ( read original story ...)

Posted on 25/08/2020

Finance professionals say Singapore firms face cash flow problems from Covid-19 demand hit: Survey

Finance professionals expect a slow return to normal from the impact of the coronavirus-induced recession, according to a survey by the Association of Certified Chartered Accountants (ACCA) Singapore. ( read original story ...)

Posted on 25/08/2020

Singapore Stock Market May Pick Up Additional Support

The Singapore stock market has ticked higher in consecutive trading days, gathering almost a dozen points or 0.5 percent along the way. The Straits Times Index now rests just beneath the 2,540 ... ( read original story ...)

Posted on 25/08/2020

China’s Nongfu Spring to raise $1.1 billion in Hong Kong IPO

Chinese drinks maker Nongfu Spring will raise up to $1.08 billion by pricing its shares between HK$19.50 to HK$21.50 ($2.52 to $2.77) in its Hong Kong initial public offering, according to ... ( read original story ...)

Posted on 25/08/2020

Nongfu Seeks $1.1 Billion in Year’s Second Biggest F&B IPO

China bottled water giant Nongfu Spring Co. is seeking to raise as much as HK$8.35 billion ($1.1 billion) in what could be the world’s second biggest initial public offering by a food and beverage ... ( read original story ...)

Posted on 25/08/2020

Citadel to open a Singapore office in fresh Asia expansion push

Billionaire Ken Griffin’s finance companies plan to open a Singapore office this year in a fresh push to expand in Asia. The new office will be shared by his Citadel hedge fund business and the market ... ( read original story ...)

Posted on 24/08/2020

Singapore’s core inflation gauge hits lowest in over eight years

Singapore's core inflation gauge fell to its lowest level since at least 2012 in July, official data showed on Monday. The measure closely-watched by the central bank fell 0.4% year-on-year, hitting ... ( read original story ...)

Posted on 24/08/2020

Billionaire Ken Griffin’s Citadel Opens Singapore Office

Billionaire Ken Griffin’s finance companies plan to open a Singapore office this year in a fresh push to expand in Asia. ( read original story ...)

Posted on 22/08/2020

43% Singaporeans in financial sector reflects international Singapore’s role

Across the entire financial sector, the proportion is about 43 per cent, reflecting Singapore’s role as an international financial centre, says Monetary Authority of Singapore (MAS) Responding to a ... ( read original story ...)

Posted on 21/08/2020

Singapore’s stock exchange to partner FTSE Russell for derivatives offerings after MSCI moves futures to Hong Kong

The Singapore Exchange (SGX) struck a long-term strategic partnership with index provider FTSE Russell to develop a broad series of Asian- and emerging markets-focused, multi-asset derivatives in a ... ( read original story ...)

Posted on 20/08/2020

Singapore to hold virtual IP Week@SG

IP Week@SG, a global conference organised by the Intellectual Property Office of Singapore (IPOS), will go virtual this year from August 25-27. ( read original story ...)

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