“It’s going to be tough times ahead for PetroChina,” said Toshihiko Takamoto, a Singapore-based money manager at Asset Management One, which oversees about US$800 million in Asia. “Why would anyone want to buy the stock when it’s trading for more ... ( read original story ...)
Biggest stock collapse in world history: This company has lost $800B in market value — and it’s still not a buy
“It’s going to be tough times ahead for PetroChina,” said Toshihiko Takamoto, a Singapore-based money manager at Asset Management One, which oversees about $800 million in Asia. “Why would anyone want to buy the stock when it’s trading for more ... ( read original story ...)
Singapore’s SATS Inks Ground Handling JV Pact With AirAsia
in exchange for its 80% stake in SATS Ground Services Singapore (SGSS) along with S$119.3 million ($87.51 million) in cash, according to a stock exchange filing by SATS. "The partnership with SATS will foster greater efficiency and cost savings to AirAsia ... ( read original story ...)
ASIA MARKETS: Asian Markets Rally, Thanks To Tech Stock Gains
"In Asia, the solid and continuing rally in U.S. stocks should provide a good lead for the region's bourses," said Greg McKenna, chief market strategist at CFD. Japan's Nikkei Stock Average was ... Zealand's benchmark added 0.5% and Singapore's Straits ... ( read original story ...)
Asian markets mixed as market awaits Trump Fed decision
BEIJING — Asian stock markets were mixed Monday as investors waited to ... Taiwan and Jakarta also rose. Singapore declined. FED WATCH: Investors expect Trump to announce his choice for Fed chair as early as Monday. News reports Friday suggested Trump ... ( read original story ...)
Whiff of discontent in Singapore as Malaysia courts Chinese market for its durian
China has depended on Thailand for its durian stock mainly because the Southeast ... grade [Malaysian] durians will be sold in Singapore,” Ashley said. “The better ones will go to China, because the market is larger and more lucrative.” ( read original story ...)
Time is running out for the bull market
Since 2009, the U.S. stock market has made investors a lot of money ... That’s compared with 241 percent for MSCI Asia ex Japan, 234 percent for MSCI World, 216 percent for Singapore stocks and 204 percent for Hong Kong’s Hang Seng over the same ... ( read original story ...)
2018 expected to go well for stock investors: ST senior correspondent Goh Eng Yeow
SINGAPORE - The last Year of the Dog in 2006 brought bounty for savvy share investors, as it saw the biggest stock market boom in over a decade. The coming Year of the Dog should also be fruitful for investors, The Straits Times' senior correspondent Goh ... ( read original story ...)
Biggest stock collapse in world history has no end in sight
“It’s going to be tough times ahead for PetroChina,” said Toshihiko Takamoto, a Singapore-based money manager at Asset Management One, which oversees about $800 million in Asia. “Why would anyone want to buy the stock when it’s trading for more t ... ( read original story ...)
Singapore stocks gain for third day; OCBC Bank hits record high
Singapore stocks gained for a third day on Friday, led by lenders such as Overseas-Chinese Banking Corp on strong results while positive Asian cues also boosted risk appetite. Stocks in Asia extended gains after a batch of strong earnings from Alphabet ... ( read original story ...)
Singapore Exchange Chief Hopes to Win World’s Biggest IPO
Singapore Exchange Ltd.’s chief executive officer said his company is still in the running to win a listing of the shares of oil giant Aramco, in what could be the world’s biggest initial public offering. “We’re as good as any other exchange ... ( read original story ...)
MindChamps inks deals ahead of Singapore IPO
MindChamps PreSchool has inked agreements with Chinese investors ahead of a planned initial public offering (IPO) on the mainboard of the Singapore Exchange. MindChamps, the largest operator and franchiser of premium-range pre-school centres in Singapore ... ( read original story ...)
Daily Briefing: MAS warns Singapore to prepare for inflation growth; Wealth management drives banks’ profits
Singapore’s central bank chief said while inflation is still well below the historical average, policy makers need to be proactive if a stronger economy results in a pickup in price pressures. Inflation will climb at some point if economic growth ... ( read original story ...)
Singapore stocks rise to two-month highs, Malaysia equities decline
helped by a rally in Genting Singapore. Oversea-Chinese Banking Corp. edged higher after third-quarter earnings exceeded estimates. Malaysia shares fell ahead of the presentation of the 2018 budget. Singapore's FTSE Straits Times index rose 0.4% to 3,356.25. ( read original story ...)
20-something Singapore bankers now far too frightened to move firms
As profit margins fall, young bankers in Singapore are worried about the risks of moving to a new employer. https://news.efinancialcareers.com/sg-en/213178/this-is-what-your-private-banking-salary-and-bonus-should-be-in-singapore/ If you’re an ... ( read original story ...)
Singapore Central Bank Chief: No Regulation for Cryptocurrencies
The chief of Singapore's central bank has indicated it will not regulate cryptocurrencies, but plans to stay watchful on the risks posed by the technology. In an interview with Bloomberg, Ravi Menon, managing director of Monetary Authority of Singapore ... ( read original story ...)