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Maybank Research slashed its target price for internet company Sea by 9.3 per cent to US$156 from US$172 with a “hold” rating, citing softer margins of its e-commerce arm Shopee. This…
Telecommunications giant Singtel on Wednesday (Nov 12) posted a 176.4 per cent increase in net profit to S$3.4 billion for the first half-year ended September, from S$1.2 billion in the…
Revenue is also lower due to the loss of the Jurong West contract package to SMRT in September 2024 Bus and train operator SBS Transit’s Q3 net profit fell 20.6 per cent year on year to…
Revenue declines 17.1% due to lower prices for gloves amid more intense competition Glovemaker Riverstone Holdings reported a drop of 28 per cent in net profit to RM52 million (S$16.3…
Demand for vehicle inspection services was also strong, buoyed by Singapore’s economic expansion Mainboard-listed Vicom posted S$9.9 million in net profit for the third quarter ended Sep…
UMS Integration on Friday (Nov 7) reported a 1 per cent year-on-year rise in net profit to S$10.5 million for the third quarter ended Sep 30, on the back of an improved gross margin. But…
Cybersecurity company AvePoint has posted a 396.8 per cent increase in net profit to US$13 million for its third quarter ended Sep 30, from US$2.6 million in the corresponding period the…
Shares of OCBC jumped 3.8 per cent on Friday (Nov 7) morning after the release of its financial results for the third quarter ended September. At market open, the bank’s shares traded 3.5…
Shares of OCBC jumped by more than 4 per cent on Friday (Nov 7) morning after the release of its financial results for the third quarter ended September. At market open, the bank’s shares…
Shares for Allbirds sank nearly 10 percent in after-market trading on Thursday after the footwear company lowered its yearly guidance again following its latest earnings report. In the…
Olaplex sales dipped in the third quarter, but surpassed Wall Street sales forecasts. Net sales decreased 3.8 percent to $114.6 million compared with the same quarter a year earlier.…
Wall Street’s main indexes opened lower on Thursday (Nov 6), as investors digested a slate of corporate earnings, while concerns around US tariffs, surging valuations and mixed economic…
European shares opened lower on Thursday after a broad advance in Asia spurred by a rebound on Wall Street. Upbeat economic updates and a steady flow of quarterly reports from U.S.…
Coty Inc.‘s sales slipped in the first three months of fiscal 2026, the beauty company reported Wednesday, just weeks after it was revealed that it will lose the Gucci license. Net revenue…
Shares of Steven Madden Ltd. fell in pre-market trading after the company posted third quarter results that reflected a miss on Wall Street’s revenue estimate. The shares were down 1.31…
Bukit Sembawang Estates’ net profit for the half-year ended September fell 25 per cent year on year to S$47.2 million, primarily due to a plunge of 61 per cent in revenue from its property…
Ride-hailing giant Grab posted third-quarter 2025 earnings of US$37million on Tuesday (Nov 4), up from US$26 million in the previous corresponding period. This was primarily due to…
Adjusted earnings for the three-month period ended Sep 30 were US$3.6 billion or US$1.85 per share Chevron beat analyst estimates on Friday (Oct 31) as record oil and gas production,…
ASIAN stock markets mostly rose Friday morning, with a surge in Japanese shares coming after better-than-expected earnings reports from US tech behemoths Apple and Amazon. Investor…
Concerns around passenger yield, drag from the crash of Air India flight 171 and rising non-fuel costs could weigh heavier Singapore Airlines (SIA) Group’s latest discounted tickets…
EUROPEAN shares logged their third session of declines on Thursday as uncertainty over the future moves of central banks grew, while investors parsed a new raft of corporate earnings. The…
Wall Street’s main stock indexes opened lower on Thursday (Oct 30) after mixed earnings reports from large technology firms and comments from federal reserve chair Jerome Powell sowed…
In April 2025, Lucy Guo became the youngest female self-made billionaire after Meta paid $14.3 billion for a 49% stake in Scale AI, the company she cofounded with Alexandr Wang in 2016.…
The Estée Lauder Cos.’ financial results are starting to improve. The beauty company, whose brands include namesake Estée Lauder, Clinique, Bobbi Brown and Tom Ford, reported net sales…
