Jude Chan

Jude Chan

SENIOR CORRESPONDENT

Stanislaus Jude Chan - otherwise known as the “big bourse man” - is a senior correspondent at The Business Times, where he writes commentaries on anything related to companies and markets.

Simba triggered a race to the bottom when it entered the market with aggressive price-war tactics.
HOCK LOCK SIEW

Collapse of M1-Simba deal reveals chinks in Singapore’s cursed telco consolidation dream

A rollback to a three-player market is inevitable; the tragedy is how difficult the exit has become

Keppel has disclosed that there were “quite a few” suitors and “more than one” serious bidder for its M1 telco business before it signed the agreement with Simba.
COMMENTARY

Scuttled M1-Simba deal leaves investors with more questions than answers

How does a telco operator use airwaves that do not belong to it?

Across the broader market, decliners beat gainers 431 to 224, after 2.3 billion securities worth S$2.5 billion changed hands.

Singapore stocks end lower on Friday; STI down 0.1%

The blue-chip barometer’s worst performer is Venture Corporation, falling 3.1% or S$0.56 to close at S$17.64

The three local banks ended higher. DBS gained 0.4% to close at S$60.13, OCBC rose 0.3% to S$22.95. UOB was up 0.1% at S$37.37.

Trump-Xi meeting fails to lift Singapore stocks on Thursday; STI dips 0.2%

Across the broader market, gainers trail losers 257 to 359, after 2.2 billion securities worth S$2.6 billion change hands

Cycle & Carriage was awarded the Mercedes-Benz franchise in 1951, making it the first enterprise to represent the German car brand in South-east Asia.
HOCK LOCK SIEW

Shedding the iconic ‘Cycle & Carriage’ will be a loss – but perhaps a necessary one for Jardine

Its famous Mercedes-Benz dealerships in Singapore and Malaysia account for only 4 to 5% of the company’s total earnings

Across the broader market, gainers beat losers 369 to 264 on May 13, after 2.4 billion securities worth S$2.7 billion changed hands.

Singapore stocks end higher despite Genting disappointment; STI up 1.2%

The Resorts World Sentosa operator falls 10.1% to close at S$0.62, after posting a 55% drop in Q1 net profit

The benchmark Straits Times Index is up 3.23 points at finish at 4,946.

Seatrium surge leads Singapore stocks slightly higher on Tuesday; STI up 0.1%

Across the broader market, gainers beat losers 316 to 267 after 2.3 billion securities change hands

​OCBC head of global consumer financial services Sunny Quek says: “All of us (financial institutions) have a wealth strategy. What’s really going to differentiate one bank from another is the execution."

OCBC consumer banking chief Sunny Quek aims to double wealth business by 2029

The lender’s new wealth management committee could hold the key to a successful execution of its ‘Next Frontier’ pivot

Within the iEdge Singapore Next 50 Index, Riverstone is the top gainer with a 7.2% or S$0.055 rise to S$0.82.

OCBC, UOB, DBS lead Singapore stocks higher on Monday; STI up 0.4%

Across the broader market, losers outpace gainers 340 to 279, as 2.1 billion securities worth S$2.6 billion change hands

The spinoff and listing of Lum Chang Creations has lifted parent company Lum Chang Holdings to better valuations and stronger returns.
UNCOVERING THE SINGAPORE BOURSE

These stocks rerated after strategic moves. Can they inspire others to do the same?

Firms that have done so show proactive management works, giving hope that others, too, can chart a path to better valuations