STI up 0.9% on easing geopolitical worries
SHARE prices in the local bourse rose alongside most major Asian stock markets as they retraced last week's losses partly fuelled by expectations that the latest weak inflation data out of the United States could see the Federal Reserve staying on the dovish side. ...
Singapore shares climb 0.9%
SHARE prices in the local bourse rose with the key Straits Times Index gaining 29 points or 0.9 per cent to 3,308.69.
Will 'fire burn and cauldron bubble' for equities?
IT could be the same old, same old this week. Even as many hesitate to read too much into US President Donald Trump's undiplomatic rhetoric, traders could still find themselves losing sleep over the rising rift triggered by his recent "fire and fury" threat to North Korea over the...
Wilmar swings into black in Q2 with US$60.2m profit
A RECOVERY in the oilseeds and grains business and gains from investment securities fuelled a better second quarter showing for Wilmar International.
Wilmar swings into the black in Q2 with US$60.2m profit
WILMAR International swung into the black for the second quarter with a net profit of US$60.2 million from a net loss of US$220.1 million a year ago, led by higher non-operating gains arising from the group's investment securities. ...
Boustead Projects' Q1 profit falls 5%
BOUSTEAD Projects on Tuesday posted a 5 per cent drop in net profit for the first quarter to S$5.8 million, from S$6.1 million a year ago, on the back of lower other income and higher overhead expenses, and share of loss of an associate company and joint ventures.
Ho Bee Land's Q2 earnings fall 14%; revenue tumbles 78.4%
REAL estate group Ho Bee Land reported a 14.1 per cent year-on-year drop in net profit to S$36.1 million for the second quarter while revenue for the three months ended June 30 tumbled 78.4 per cent to S$37.4 million.
Ho Bee Land's Q2 profit slips 14% to S$36.1m
HO Bee Land on Monday posted a 14.1 per cent drop in second-quarter net profit to S$36.1 million from S$42 million a year ago.
Profit-taking and US tech sell-off drag STI down 0.7%
A RALLY-AND-PAUSE play unfolded in the local bourse on the back of profit-taking after earlier gains and an overnight sell-off in US stocks due to weaker tech earnings. The downbeat tone led the Straits Times Index (STI) to snap a three-day winning streak on Friday, falling 24 points or 0.71 per...
Singapore shares close 0.7% lower
SINGAPORE shares closed lower with the key Straits Times Index retreating 24 points or 0.7 per cent to finish at 3,330.75 on Friday.
SGX weighs in on governance worries at YuuZoo
THE unusual tit-for-tat between Professor Mak Yuen Teen and Singapore- listed YuuZoo that has been playing out for more than two weeks over governance-related concerns at the social media and e-commerce company appears to have caught the Singapore Exchange's attention...
HOCK LOCK SIEW
Rowsley's third revival act in a decade should prompt caution
WHO doesn't love a company that's on the cusp of getting another shot at reinvigorating itself, huh? Such fascination, albeit premature at this point, led traders to lap up Singapore-listed Rowsley's stock last week after the company unveiled a ground-shifting all-share S$1.9 billion...
STI up on Wall St gains, rising oil prices
THE local bourse's key Straits Times Index (STI) finished 8.9 points or 0.3 per cent higher at 3,336.72 on Wednesday, ahead of the US Federal Reserve decision which is largely expected to remain unchanged. ...
Singapore shares close 0.3% higher
SHARE prices on the local bourse closed higher on Wednesday with the key Straits Times Index rising 8.9 points or 0.3 per cent to finish at 3,336.72.
Stars aligning for Pacific Star Development
NOTHING screams more effectively for investor attention than a company that has remade itself and is starting to show the money after two years of losses.
FOMC meeting, macro data, corporate results on the radar
ON traders' radar this week that will set the direction for the local bourse - which enjoyed a stellar showing last week - are the US Federal Open Market Committee (FOMC) meeting, key macro data from major economies and the quarterly reporting season. ...
ON the "infinite highway of air" (as Wilbur Wright put it, about the desire to fly) Swiss aeronaut Bertrand Piccard has for years let his dreams take flight, literally, in hang gliders, microlights, parachutes, paragliders and hot air balloons. ...
What was Jho Low thinking when he slammed Singapore prosecutors?
Swiss psychologist Carl Jung once said : "What you resist, persists."...
China Jinjiang bags third waste treatment project in India
CHINA Jinjiang Environment Holding Company has clinched its third overseas waste treatment project in India that will be undertaken on a build-operate-transfer model for a 20-year concession.
Marco Polo Marine, unit granted moratorium to restrain legal action against them
MARCO Polo Marine and its subsidiary Marco Polo Shipyard have been granted moratoriums to restrain all legal proceedings against them until end-August 2017 to allow them to finalise a plan with creditors.
Singapore port's container traffic in June up 8.7% year on year
PORT of Singapore's container traffic for June came in at 2.8 million TEUs (twenty-foot equivalent units), up 8.7 per cent from a year ago, according to the latest updates by the Maritime and Port Authority of Singapore...
HPL to acquire Dutch firm that indirectly owns Langkawi resort for US$55m
HOTEL Properties Limited's (HPL) associate company Leisure Ventures plans to acquire Netherlands-incorporated Kingdom Langkawi BV (KLBV), which in turn indirectly owns the Four Seasons Resort Langkawi, for an aggregate consideration of US$55 million. ...
YuuZoo CFO quits; he's sixth person to leave the post in 3 years
THE revolving door spun once again at YuuZoo Corporation with the resignation of chief financial officer (CFO) Raul Ikonen just four months after he took on the post.
Nam Cheong to meet noteholders on July 19 to update them on restructuring
NAM Cheong will convene on July 19 an informal meeting with noteholders of three issues totalling S$365 million, due between 2017 and 2019, to update them on the restructuring options.
United Food plans to raise S$10m through share placement
UNITED Food Holdings has proposed a placement of 25.8 million new shares at 39 Singapore cents apiece that will raise some S$10 million to enable the soyabean producer to pursue potential acquisitions or joint-venture opportunities and for general working capital.