The Business Times
Vivienne Tay

Vivienne Tay

Vivienne Tay is a journalist at BT’s breaking news desk. She previously covered advertising and branding news at Marketing Interactive and graduated with a major in communications from the University at Buffalo.

emailvtay@sph.com.sg
email@VivienneTayBT
In April, Isetan Mitsukoshi, which owns 52.73% of Isetan Singapore’s shares, proposed to take the retailer private at S$7.20 per share – a 37.4% premium over the counter’s highest closing market price in the past five years.

Ise-time for change? A look at Isetan’s 54-year history in Singapore

A major shareholder is looking to privatise the mainboard-listed Japanese retailer

The distributable amount stands at S$25 million for the half-year period.

First Reit posts 3.2% lower H1 DPU at S$0.012

The manager attributes the drop in the distributable amount to the depreciation of the yen and rupiah against the Singapore dollar

The research team expects the group, which provides technology services, products and solutions, to see the tail end of its customers’ destocking phase and recover in FY2025.

Brokers’ take: RHB upgrades Venture Corp to ‘buy’ on expected recovery

It previously downgraded the counter on account of customers destocking

The beleaguered private cord-blood bank has been grappling with the financial impact of refunding customers whose cord-blood samples were compromised by irregular temperatures in its storage tanks.

Cordlife’s overseas units obtain re-accreditations

The re-accreditations are from the Association for the Advancement of Blood & Biotherapies, which sets standards for blood banking, transfusion medicine, blood management and cellular therapies

NTUC Enterprise assures shareholders and policyholders that it will continue to strengthen Income’s long-term competitiveness as it remains a substantial shareholder even after the Allianz offer closes.

Allianz stake acquisition to help Income compete in market ‘dominated by regional, global competitors’: NTUC Enterprise

NTUC Enterprise says Income will continue to provide affordable and accessible insurance options, and price its products ‘very competitively’

Currently, 5G subscribers make up 20 per cent of total mobile subscribers in Singapore.

Farewell 3G: M1 to retire services from August; StarHub, Singtel from November

IMDA says phasing out 3G will unlock spectrum capacity that can be invested into “future-ready” 5G networks

Across the broader market, gainers outnumber losers 61 to 43, with 38.8 million securities worth S$47.6 million changing hands as at 9.03 am.

Singapore shares fall at Wednesday’s open; STI down 0.4%

SINGAPORE stocks opened weaker on Wednesday (Jul 24) following a mixed performance in the United States and Europe.

RHB views the roll-off in Citi integration costs in the second half of 2024 as positive for earnings.

Brokers’ take: RHB expects UOB’s valuation to provide downside support; raises target to S$32

Efforts to build up the bank’s wholesale platform look to be ‘bearing fruit’, RHB notes

On the Singapore Exchange, gainers outnumber losers 87 to 39.

Singapore stocks rise at Tuesday’s open amid global rebound; STI up 0.5%

SINGAPORE stocks opened higher on Tuesday (Jul 23) following overnight gains in overseas markets after a shaky end last week.

Seatrium has secured S$180 million worth of contracts to repair and upgrade various types of ships, such as offshore vessels, ferries and tankers.

Stocks to watch: Seatrium

THE following company saw new developments that may affect trading of its securities on Tuesday (Jul 23):

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Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
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