Posts by Mark Darwin
Frasers Property H1 profit rises 147.6% to S$142.2 million on tax reversal; revenue up 2.7%
[SINGAPORE] Higher contributions from residential projects in Singapore, as well as a one-off reversal of tax provisions, pulled up Frasers Property’s first-half earnings – but the group said it will continue zeroing in on optimising capital efficiency. Speaking at an earnings briefing on Friday (May 9) morning, Frasers group chief executive Panote Sirivadhanabhakdi said: “The…
Read MoreStocks to watch: OCBC, ST Engineering, Frasers Property, F&N, Far East Orchard, DHLT, Marco Polo Marine
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (May 9). OCBC: The bank’s net profit for the first quarter fell on lower net interest income and higher operating expenses. Net profit for the three months ended Mar 31, 2025, stood at S$1.88 billion, compared with S$1.98 billion…
Read MoreOCBC Q1 profit falls 5% to S$1.88 billion; beats expectations
[SINGAPORE] OCBC’s net profit for the first quarter fell on lower net interest income and higher operating expenses. Net profit for the three months ended March 31, 2025 stood at S$1.88 billion, compared with S$1.98 billion from the year-ago period, it said on Friday (May 9). The earnings beat the S$1.86 billion consensus forecast in…
Read MoreUS: Stocks rise after Trump announces UK trade deal
Published Fri, May 9, 2025 · 06:06 AM [NEW YORK] US stocks finished firmly in the green on Thursday (May 8) after US President Donald Trump unveiled a “breakthrough” trade agreement with the United Kingdom. The deal reduces tariffs on British cars, steel and aluminium, while in return Britain will open up its markets to…
Read MoreHow advisers can augment the board
ONE of the expected roles of the board of a company is to provide strategic guidance by drawing upon the diverse experience and expertise of its directors. Indeed, much of the discussions around the need for board diversity is precisely in response to this. There are however, limitations in developing cognitive diversity through just the…
Read MoreBank of England cuts rates to 4.25% as it sees tariff hit to growth
[LONDON] The Bank of England cut its main interest rate by 0.25 percentage points to 4.25 per cent on Thursday, despite an unexpected three-way split among policymakers as US President Donald Trump’s tariffs weigh on global economic growth. The BOE’s Monetary Policy Committee voted 5-4 in favour of the decision to cut rates by a…
Read MoreAustralia exchange operator proposes IPO reforms to revive listings
[SYDNEY] The Australian Securities Exchange (ASX) on Thursday (May 8) unveiled a series of proposed reforms aimed at enhancing the global appeal of Australia’s capital markets and revitalising its subdued initial public offering landscape. In a detailed response to the Australian Securities and Investments Commission (Asic), the exchange operator said it would focus on streamlining…
Read MoreEmirates airline group announces record US$6.2 billion gross profit
The 18% rise in profit, slimmed to US$5.6 billion after the UAE’s recently introduced corporate tax Published Thu, May 8, 2025 · 04:02 PM [DUBAI] Dubai’s Emirates Group, which includes the Middle East’s biggest airline, announced on Thursday (May 8) gross annual profit of US$6.2 billion, its third record in three years. The 18 per…
Read MoreJapan’s NTT plans to take NTT Data private for US$16.4 billion
It would launch a tender offer for NTT Data at 4,000 yen (S$35.91) per share, representing a 34% premium from Wednesday’s closing price Published Thu, May 8, 2025 · 03:48 PM [TOKYO] Japanese telecoms firm Nippon Telegraph and Telephone announced plans on Thursday (May 8) to take its subsidiary NTT Data private by purchasing the…
Read MoreSeaMoney rebrands to Monee, opens new headquarters for digital financial services
Monee will be establishing centres of excellence in product management, artificial intelligence and anti-money laundering [SINGAPORE] Sea’s digital financial services arm has rebranded from SeaMoney to Monee, a new umbrella segment for all of Sea’s digital financial services. This was announced on Thursday (May 8) as part of the new office opening of Sea’s digital…
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