Posts by Mark Darwin
Maybank initiates Parkway Life Reit at ‘buy’ with S$4.10 target on strong growth prospects
The analyst expects its acquisition in France, in-built rent escalation in Singapore to support DPU growth MAYBANK Securities has initiated coverage on Parkway Life Real Estate Investment Trust (Reit) with a “buy” call and a S$4.10 target price. In a report on Thursday (Jan 9), analyst Krishna Guha noted that even though the stock…
Read MoreThai central bank rebuffs demand for steps to boost inflation
THAILAND’S central bank is comfortable with the outlook for subdued inflation as it focuses the monetary policy to ensure financial stability and economic growth amid rising uncertainties, a senior official said. “Inflation is not even a problem,” Bank of Thailand (BOT) assistant governor Sakkapop Panyanukul said on Wednesday (Jan 8) in Bangkok in his first…
Read MoreSingapore shares retreat at Thursday’s open; STI down 0.5%
SINGAPORE shares started trading in negative territory on Thursday (Jan 9), mirroring overnight losses in European markets. As at 9.01 am, the Straits Times Index (STI) opened 0.5 per cent or 17.85 points lower at 3,869.13. Across the broader market, losers outnumbered gainers 58 to 45 after 25.2 million securities worth S$76.1 million changed hands.…
Read MoreStocks to watch: Suntec Reit, China Everbright Water, Tan Chong International
THE following companies saw new developments that may affect trading of their securities on Thursday (Jan 9): Suntec Real Estate Investment Trust (Suntec Reit): Property tycoon Gordon Tang and his wife Celine have raised their mandatory conditional cash offer to acquire all units of the Reit to S$1.19 apiece. The offer was made solely to…
Read MoreJapan’s Seven & i Holdings reports 24% drop in third-quarter profit
Profit fell to 128 billion yen (S$1.1 billion) in the period from September to November Japan’s Seven & i Holdings, operator of the 7-Eleven convenience store chain, reported on Thursday (Jan 9) a drop of 24 per cent in quarterly operating profit, missing analysts’ estimates. Profit fell to 128 billion yen (S$1.1 billion) in the…
Read MoreBlackstone’s infrastructure fund for individuals raises more than US$1 billion
BLACKSTONE is betting individuals will turn the firm into a bigger force in roads, ports and data centres. The alternative asset manager gathered more than US$1 billion for a new infrastructure fund for wealthy individuals, one of the largest initial hauls for such a vehicle. The fundraising, disclosed in a filing on Wednesday (Jan 8),…
Read MoreFast Company Explains How the NBA is Changing Fans Basketball Experience
The NBA’s approach to technology and fan engagement represents one of sports history’s most ambitious digital transformations. As the league’s Chief Technology Officer Krishna Bhagavathula reveals, this isn’t just about streaming games but fundamentally reimagining how fans interact with basketball in the digital age. I recently listened to Fast Companies’ recent podcast episode, which discussed…
Read MoreUS: Wall St opens muted as investors assess data, Trump economic emergency report
Wall Street’s main indexes opened subdued on Wednesday (Jan 8), as investors digested softer-than-expected jobs data and took stock of a report that said President-elect Donald Trump was mulling a national economic emergency declaration. The Dow Jones Industrial Average rose 13.7 points, or 0.03%, at the open to 42,542.1. The S&P 500 rose 1.6 points,…
Read MoreMAS equities market review group to complete report by August
THE Monetary Authority of Singapore (MAS) group undertaking a review of the equities market is targeting to complete its report by August this year. It may provide updates and recommendations in phases along the way, said Deputy Prime Minister Gan Kim Yong on Wednesday (Jan 8), in a written reply to a parliamentary question. Gan,…
Read MoreCar dealer Tan Chong expects unrealised loss of HK$29 million for FY2024
TAN Chong International said on Wednesday (Jan 8) that it expects to record an unaudited unrealised loss of HK$29 million (S$5.1 million) on its investments designated at fair value through other comprehensive income, for the year ended Dec 31, 2024. This is lower than the audited unrealised gain of HK$270 million for the corresponding period…
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