Posts by Mark Darwin
Singapore shares open lower on Friday; STI down 0.2%
SINGAPORE stocks began Friday (Oct 25) morning trading in negative territory, after global markets had mixed performances. As at 9.01 am, the Straits Times Index (STI) fell 5.56 points or 0.2 per cent to 3,599.39. Across the broader market, losers outnumbered gainers 57 to 50 after 41.9 million securities worth S$70.5 million changed hands. Chinese…
Read MoreFrasers Centrepoint Trust’s H2 DPU remains at S$0.0602
Frasers Centrepoint Trust’s (FCT) distribution per unit (DPU) for the second half ended September 2024 came in at S$0.0602, unchanged from a year prior. This came even as revenue fell 2.5 per cent to S$179.5 million versus S$184.1 million in H2 FY2023, and net property income (NPI) dipped 0.6 per cent to S$128.8 million from…
Read MoreAllianz weighs options for AllianzGI unit: sources
ALLIANZ is weighing options for its Allianz Global Investors unit, including a possible merger or partial sale of the division, four people with knowledge of the matter told Reuters, in a move that would give the business greater scale. AllianzGI, which oversees 555 billion euros (S$792 billion) of assets according to its website, could be…
Read MoreKKR earnings surge 58%, joins half-trillion club in private markets race for scale
KKR & Co reported a third-quarter profit that beat Wall Street estimates as the alternative asset manager generated record transaction fees for its capital markets business. Adjusted net income rose 58 per cent to US$1.24 billion, or US$1.38 a share, KKR said on Thursday (Oct 24) in a statement. That beat the US$1.20 average estimate…
Read MoreUPS sees profit growth for first time in nearly 2 years
United Parcel Service (UPS) returned to sales and profit growth for the first time in nearly two years as the company benefited from higher volumes, more profitable packages, and steadying labour costs. The company highlighted a 6.5 per cent increase in average daily US volume, pricing growth and additional air cargo volume. The company’s shares…
Read MoreLSEG’s third-quarter income tops forecasts, shares hit record
LONDON Stock Exchange Group said on Thursday (Oct 24) that its income rose a better-than-expected 9.5 per cent in the third quarter after strong growth in its capital markets business, sending its shares to a record high. LSEG’s total income, excluding recoveries, came in at £2.12 billion (S$3.6 billion) in the three months to Sep…
Read MoreMPACT’s Q2 DPU declines 11.6% to S$0.0198 amid mixed overseas sentiments
MAPLETREE Pan Asia Commercial Trust’s (MPACT) distribution per unit (DPU) fell 11.6 per cent to 1.98 Singapore cents for its second quarter ended Sep 30, from 2.24 cents the year before. Revenue was down 6.1 per cent year on year to S$225.6 million, from S$240.2 million. Net property income (NPI) fell 8.5 per cent to…
Read MoreNew real-time fraud surveillance duty for financial institutions; loss-sharing framework to begin on Dec 16
Rules require Fi’s and telcos to mitigate phishing scams, sets expectations of payouts for affected victims FINANCIAL institutions (FIs) will now be required to implement real-time fraud surveillance on unauthorised transactions from phishing scams, under the shared responsibility framework (SRF). This in response to feedback received on a consultation paper on the framework, said the…
Read MoreSTI bucks regional rout but rises only 0.1%
Across the broader market, decliners beat gainers 313 to 217 amid a trading volume of 1.3 billion securities worth S$1.1 billion SINGAPORE’S 30-blue-chip barometer, the Straits Times Index (STI), was spared the rout in most regional markets on Thursday (Oct 24), after Wall Street closed in the red overnight. The benchmark was 0.1 per cent…
Read MoreParkway Life Reit’s five-year journey to the West
It is marking its first foray into Europe with the acquisition of 11 nursing homes in France SIXTEEN years after it first expanded its portfolio beyond Singapore to Japan, healthcare-focused Parkway Life Real Estate Investment Trust (Reit) is finally making headway into a third key market. The Reit announced on Tuesday (Oct 22) that it…
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