Capital Markets & Currencies
New growth capital workgroup led by Chee Hong Tat aims to close gap between private capital and public listings
Members include top executives from GIC, Temasek and DBS, along with public sector representatives
Lum Chang Creations receives SGX nod for mainboard transfer from Catalist
Approval comes a day after it shared its first-half results
Banks drag STI below 5,000 post-Budget, but analysts see ample ‘fiscal dry powder’
The scaled-back handouts leave room for future support; the new measures could enable the continued recovery of the capital market
Stocks to watch: iFast, BRC Asia, Lum Chang, Lum Chang Creations, Creative Technology
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Feb 13):
European shares retreat from record highs as financials, industrials tumble
EUROPEAN shares fell on Thursday, erasing earlier gains that pushed markets to record highs, as financial and industrial stocks tumbled and investors digested a flood of corporate earnings.
US stocks: Wall Street sinks as tech rout deepens on AI angst
WALL Street indexes fell sharply, with the Nasdaq slumping 2 per cent, as investors intensified their selloff of technology shares and fled transport stocks amid worries about artificial intelligence ...
iFast Q4 net profit rises more than 70% to S$32.9 million as banking operations turn profitable
Revenue for the quarter up 45.7% at S$151.7 million, driven by stronger contributions from ePension division
Creative reduces H1 loss to US$1.2 million as restructuring lowers expenses
It attributes the improvement to lower payroll and related expenses following a restructuring exercise in FY2025
Lum Chang Creations H1 net profit more than doubles to S$11 million on strong operational performance
Revenue for period climbs 31% to S$53.5 million
Hospitality sector may benefit, with 2026 tourist arrivals forecast to hit 17 million: OCBC Research
Stocks with exposure to hospitality may gain from improved hotel performance, tourist receipts
