Posts by Mark Darwin
Adobe brings free Photoshop app to phones, courting younger users
The free version of the Photoshop app will have features such as splitting a photo into separate layers, masking off parts of it and adding text ADOBE said on Tuesday (Feb 25) it is bringing its Photoshop app to mobile phones for the first time, offering both a free version and a paid version at…
Read MoreBP to unveil strategy shakeup amid energy transition
BRITISH energy giant BP is set on Wednesday to announce a shakeup to its strategy after a difficult trading year and as countries transition to cleaner energy. A much anticipated presentation to investors gathered in London comes after BP earlier this month pledged to “fundamentally reset” following a 97-per cent slump to its net profit…
Read MoreOCBC shares fall nearly 3% after Q4 earnings miss
Net profit of S$1.69 billion for the fourth quarter fell short of the S$1.78 billion consensus forecast SHARES of OCBC fell in early trading on Wednesday (Feb 26) morning after the lender posted a net profit for the fourth quarter that fell short of consensus estimates. As at 9.10 am, the counter fell 2.8 per…
Read MoreStocks to watch: OCBC, CDL, SingPost, Food Empire, SingLand, Aztech Global
THE following companies saw new developments that may affect trading of their securities on Wednesday (Feb 26): OCBC: The lender on Wednesday reported a net profit of S$1.69 billion for the fourth quarter ended December, up 4 per cent from S$1.62 billion in the previous corresponding period. This fell short of the S$1.78 billion consensus…
Read MoreApple to keep DEI efforts, though some adjustments possible
APPLE investors rejected an outside shareholder proposal to end the iPhone maker’s diversity, equity and inclusion (DEI) efforts, though chief executive officer Tim Cook said that the company may make some adjustments to the programme. The company conducted the vote as part of its annual meeting, held virtually on Thursday (Feb 20), with Cook and…
Read MoreSingPost mulls special dividend with potential S$289m disposal gain
SINGAPORE Post (SingPost) said on Wednesday (Feb 26) it will hold an extraordinary general meeting (EGM) to seek shareholders’ approval for the proposed divestment of its Australia business, Freight Management Holdings (FHM). The EGM will be held on Mar 13 at 3.30 pm. “This EGM provides our shareholders with the opportunity to vote on this…
Read MoreHow to Build Wealth for Retirement: Smart Investing Strategies
If you want to build wealth for retirement, it will require careful planning, disciplined investing, and a long-term perspective. Whether you are a young professional just beginning your career or a seasoned CEO managing a company, ensuring financial security for your future should be a top priority. The traditional notion of retirement is changing, with…
Read MoreCoupang profit beats estimates, even as sales growth slows
COUPANG, the largest e-commerce company focused on South Korea, handily beat profit estimates for the fourth quarter, even as sales grew more slowly than expected during the period. The online retailer’s net revenue rose 21 per cent to US$7.97 billion in the quarter ended Dec 31, compared with an average analyst projection of US$8.08 billion.…
Read MoreTesla market value slips below US$1 trillion as Europe sales sink
The shares have now cumulatively fallen 16 per cent in four straight trading sessions of losses A QUICK unwind in the shares of Tesla pushed the electric vehicle (EV) maker’s market capitalisation below the coveted US$1 trillion mark on Tuesday (Feb 25), amid reports of a stark slowdown in car sales in Europe. The Elon…
Read MoreSingLand H2 net profit rises 76% to S$180.5 million on higher revenue from hotel ops
SINGAPORE Land Group (SingLand) reported a net profit of S$180.5 million in the second half ended Dec 31, up 76 per cent from S$102.4 million in the year ago period. Revenue rose 9 per cent to S$390.5 million in H2 from S$358.7 million in the year before. Earnings per share, excluding fair-value gains on investment…
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