UOI’s net profit increases 10% to S$27 million in H2 FY2024
UNITED Overseas Insurance, the insurance arm of UOB, posted a net profit of S$27 million for the second half of its 2024 fiscal year ended Dec 31, a 10 per cent increase from S$24.5…
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UOI’s H2 profit down 9.8% at S$15.6 million
UNITED Overseas Insurance, the insurance arm of UOB, posted a net profit of S$15.6 million for the second half of its 2024 fiscal year ended Dec 31,a 9.8 per cent decrease from S$17.3…
Nvidia cuts stake in Arm Holdings, discloses position in China’s WeRide
NVIDIA reduced its stake in British chip firm Arm Holdings by about 44 per cent and exited its holdings in Serve Robotics and SoundHound AI in the fourth quarter, a regulatory filing…
Singapore video game company's Nasdaq listing values it at US$1.2 billion
Grand Centrex Limited (GCL) aims to eventually build a sizeable game studio in Singapore, capable of producing blockbusters VIDEO game distributor and publisher Grand Centrex Limited (GCL)…
US: Wall St subdued at open as markets await tariff details
WALL Street’s main indexes opened flat on Friday (Feb 14), as investors awaited more clarity on US President Donald Trump’s reciprocal tariff plans after robust gains in the last sessions,…
SIA Engineering Q3 net profit up 19.7% to S$38.2 million
SIA Engineering (SIAEC) reported that its net profit for the third quarter ended Dec 31, 2024, increased 42 per cent to S$38.2 million, compared with the same period in the previous year.…
Paragon Reit appoints PrimePartners as IFA for privatisation offer
PARAGON Real Estate Investment Trust (Reit) has appointed PrimePartners Corporate Finance as the independent financial adviser (IFA) for its privatisation offer, said the board via a…
Fu Yu warns of loss for FY2024 on non-cash impairments of S$4 million
Excluding these, the group expects to post an operating profit and an improvement in financial performance for the fiscal year MAINBOARD-LISTED plastic parts manufacturer Fu Yu warned on…
Singapore shares buck regional trend; STI slides 0.1%
SINGAPORE shares ended in the red on Friday (Feb 14), after hitting a record high earlier in the week. The benchmark Straits Times Index (STI) fell 0.1 per cent or 5.08 points to 3,877.50,…
SGX falls 6% as initial MAS review group proposals dampen earlier optimism; Citi downgrades to ‘sell’
The counter could potentially give up much of its gains since unveiling its first-half results CITI Research downgraded its call on the Singapore Exchange (SGX) to “sell” on Friday (Feb…
Geopolitical concerns add to woes for pre-IPO activity, M&As for Chinese companies
GROWING geopolitical concerns from the trade tensions between the US and China are compounding an already cautious outlook among investors on the pre-listing activities, as well as mergers…
Maybank upgrades Singtel’s AIS to buy, raises price target on further profit growth expectations
Maybank Securities upgraded Singtel’s Thai associate Advanced Info Service (AIS) to “buy” from “hold”, due to a strong outlook and healthy yields. Its optimism is on the back of…
Singapore shares retreat at Friday’s open; STI down 0.2%
SINGAPORE stocks declined on Friday (Feb 14) morning, despite data from the Ministry of Trade and Industry showing that the city-state’s economy grew 4.4 per cent in 2024. It announced on…
Stocks to watch: Thai Beverage, Civmec
THE following companies saw new developments that may affect trading of their securities on Friday (Feb 14): Thai Beverage (ThaiBev): The food and drink company’s revenue grew 2.4 per cent…
Arm recruits from customers as it plans to sell its own chips
ARM has begun recruiting from its own customers and competing against them for deals as it pushes toward selling its own chips, according to people familiar with the matter and a document…
Cathay Cineplexes’ rental arrears unlikely to impact FCT’s bottom line
DELAYED rental payments by cinema operator Cathay Cineplexes to its landlord Frasers Centrepoint Trust (FCT) will not significantly impact the trust’s bottom line. Nevertheless, this could…
Meta opens Facebook Marketplace to rivals in EU antitrust clash
Facebook said that despite the changes, it continues to disagree with the European Commission’s decision last year, which saw Meta punished for abusing its dominance META Platforms is…
Civmec’s H1 FY2025 net profit falls 16.9% to A$26.5m
CONSTRUCTION and engineering services provider Civmec posted a net profit of A$26.5 million for the H1 FY2025, marking a 16.9 per cent decline from A$31.9 million in the year-ago period.…
Civmec’s H1 FY2025 net profit falls 16.9% to A$26.5 million
CONSTRUCTION and engineering services provider Civmec posted a net profit of A$26.5 million for H1 FY2025, marking a 16.9 per cent decline from A$31.9 million in the year-ago period. The…
Ellipsiz appoints David Lum as adviser
ENGINEERING and service solutions firm Ellipsiz will appoint businessman David Lum as an adviser. In a bourse filing on Thursday (Feb 13), the mainboard-listed group said that it entered…
US inflation data hits regional markets; STI up 0.2%
SINGAPORE equities ended Thursday (Feb 13) higher, even as US data – which indicated sticky inflation – hit regional markets. The Straits Times Index (STI) gained 7.96 points, or 0.2 per…
MAS review group proposes tax perks to boost Singapore’s equities market as a start
THE Monetary Authority of Singapore’s (MAS) equities market review group proposes to introduce tax incentives to spur more listings and investments in the local equities market, in its…
Pension segment and new licence to grow wealth management business: iFast CEO
THE core wealth management business of iFast recovered in 2024, with net inflows of S$3.3 billion compared to S$2 billion the year prior. Gross unit trust subscription increased to S$7.4…
Alibaba says to partner with Apple on AI features, sending shares surging
The AI integration comes at a critical time for Apple, which has faced declining iPhone sales in China amid growing competition from domestic rivals ALIBABA chairman Joe Tsai said on…