Posts by Stephanie Irvin
OCBC misses estimates with Q4 earnings of S$1.69 billion; unveils S$2.5 billion capital return plan
OCBC on Wednesday (Feb 26) posted 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. The earnings fell short of the S$1.78 billion consensus forecast in a Bloomberg survey of five analysts. OCBC on Wednesday announced plans to return S$2.5…
Read MoreMAS review group initiatives to benefit banks, Reits in near term
DIVIDEND-PAYING players such as banks and real estate investment trusts (Reits) may gain in the near term from the first set of measures by the Monetary Authority of Singapore (MAS) to revitalise the local stock market, analysts said. DBS, UOB and OCBC, which pay strong dividends, may see more allocations from new applicants to Singapore’s…
Read MoreNanofilm H2 profit rises 6.5% to S$11.5 million
NANOFILM Technologies reported a 6.5 per cent increase in net profit in the second half ended Dec 31, 2024, to S$11.5 million, from S$10.8 million, the nanotechnology solutions provider said in a bourse filing on Tuesday (Feb 25). Revenue in the second half rose 17.1 per cent to S$121.6 million, from S$103.9 million in the…
Read MoreBusiness Insurance Secrets Revealed
Running a business is no small feat, and protecting it with the right insurance is just as important as managing daily operations. Business insurance can feel like a maze with all the options, terms, and fine print. But understanding the basics can save you from headaches down the road. This article breaks down the essentials,…
Read MoreOCBC, UOB poised to gain most from JS-SEZ; DBS could seek to expand Malaysia footprint: analysts
The zone will enable the banks with networks that are entrenched in the two markets to gain from stronger investment flows AMONG the trio of local banks, OCBC and UOB stand to gain the most from the Johor-Singapore Special Economic Zone (JS-SEZ) as facilitators of investment and trade, given their sizeable operations in both markets,…
Read MoreOCBC, UOB poised to gain most from JS-SEZ; DBS could seek to expand Malaysia footprint: analysts
The zone will enable the banks with networks that are entrenched in the two markets to gain from stronger investment flows AMONG the trio of local banks, OCBC and UOB are expected to stand to gain the most from the Johor-Singapore Special Economic Zone (JS-SEZ) as facilitators of investment and trade, given their sizeable operations…
Read MoreTesla sales fall 45% in Europe as rivals’ EV registrations soar
TESLA’s sales plunged 45 per cent last month across Europe, where rival carmakers saw a surge in electric vehicle (EV) demand. The Elon Musk-led company registered only 9,945 cars in January, down from 18,161 a year ago, according to the European Automobile Manufacturers’ Association. EV sales soared 37 per cent for the overall industry, with…
Read MoreUS securities regulator closes investigation into Robinhood’s crypto arm with no action
ROBINHOOD said the US securities regulator had closed its probe into the retail trading firm’s crypto arm with no action, as it seeks to revamp policing of digital assets since President Donald Trump took office. The US Securities and Exchange Commission (SEC) has moved to ease its crypto-related regulations under Trump’s leadership. It has established…
Read MoreYangzijiang Shipbuilding dives 12.7% to S$2.61 after US proposed fees for Chinese-built ships
SHARES of maritime vessel maker Yangzijiang Shipbuilding sank on Tuesday (Feb 25) in early trade, after the US Trade Representative (USTR) office proposed to slap fees on Chinese-built vessels entering US ports. At 11.21 am, the counter was down 12.7 per cent or S$0.38 at S$2.61, with nearly 57 million shares switching hands. The last time…
Read MoreGold steadies near all-time high on Trump tariff concerns
GOLD prices hovered near a record high on Tuesday (Feb 25), supported by safe-haven demand amid concerns over US President Donald Trump’s tariff plans which could fuel inflation and escalate a global trade war. Spot gold was little changed at US$2,949.46 an ounce as at 0105 GMT, about US$7 shy of the all-time high of…
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