Posts by Stephanie Irvin
Sea stays above water, posts US$153.3 million Q3 profit
The company beat estimates from a Bloomberg poll of 13 analysts, which projected a net profit of US$128.6 million GAMING and e-commerce player Sea reported a US$153.3 million net profit for the third quarter of 2024, reversing from a US$144 million loss a year ago, and marking a second consecutive quarter in the black. The…
Read MoreBukit Sembawang’s H1 FY2025 earnings surge to S$62.9m
PROPERTY developer Bukit Sembawang reported a 149 per cent surge in earnings to S$62.9 million for the first half of FY2025 ended Sep 30, from S$25.2 million the previous year. In a bourse filing on Tuesday (Nov 12), Bukit Sembawang posted a 23 per cent rise in H1 FY2025 revenue to S$324 million, from S$264.3…
Read MoreThe Hour Glass posts 20% fall in earnings for H1 2025 to S$61.4 million
THE Hour Glass posted a 20 per cent fall in H1 FY2025 ended Sept 30 earnings to S$61.4 million from S$77 million the year before. In a bourse filing on Tuesday (Nov 12), the luxury watch retailer reported a 3 per cent fall in H1 FY2025 revenue to S$540.3 million from S$558.4 million in H1…
Read MoreSingapore fund inflows surge to record high of S$3.1 billion in Q3: Morningstar
FLOWS into Singapore-registered funds hit a record S$3.1 billion high in the third quarter, up from S$1.8 billion in the quarter before. And in the year ended September 2024, Central Provident Fund Investment Scheme (CPFIS) funds delivered a positive return of 14.7 per cent for investors, up from a positive return of 6.4 per cent the…
Read MoreShell wins appeal against landmark Dutch climate ruling
It is unclear whether demands on the company to reduce emissions caused by use of Shell products will help the fight against climate change, court says OIL and gas company Shell on Tuesday (Nov 12) won its appeal against a landmark climate ruling in the Netherlands, which in 2021 ordered the oil and gas company…
Read MoreBritain’s FCA fines Metro Bank £16 million for anti-money laundering failings
BRITAIN’S Financial Conduct Authority (FCA) has fined Metro Bank £16 million (S$27.4 million), for failings in its anti-money laundering controls between June 2016 and December 2020. The bank failed to have the right systems and controls to adequately monitor more than 60 million transactions, with a value of over £51 billion, for money laundering risks,…
Read MoreBaht lags behind peers on concerns over central bank autonomy
THAILAND’S currency fell by the most among Asian peers on investor concerns that the independence of the nation’s central bank is being further eroded. The baht fell more than 1 per cent to 34.739 per US dollar on Tuesday (Nov 12), the weakest since Aug 19, after a panel was said to pick Kittiratt Na-Ranong,…
Read MoreFrasers Hospitality Trust posts 0.8% fall in DPS to S$0.011682 for H2
FRASERS Hospitality Trust (FHT) recorded distribution per stapled security (DPS) of S$0.011682 for the second half of its financial year ended Sep 30, down 0.8 per cent from S$0.011777 for the corresponding period of the previous year. This came as gross revenue and net property income (NPI) for H2 rose, tracking continued recovery in the…
Read MoreCICT divests office asset in Raffles Place for S$688 million
CAPITALAND Integrated Commercial Trust (CICT) has divested 21 Collyer Quay, an office building located in Raffles Place, for S$688 million. The sale price is in line with the property’s independent valuation, said the trust’s manager on Tuesday (Nov 12). Savills – the independent property valuer of the deal – has valued the asset at S$688…
Read MoreCICT sells 21 Collyer Quay for S$688 million; trust earlier reported to be eyeing up to S$850 million
CAPITALAND Integrated Commercial Trust (CICT) has divested 21 Collyer Quay, an office building located in Raffles Place, for S$688 million. The sale price is in line with the property’s independent valuation, said the trust’s manager on Tuesday (Nov 12). Savills – the independent property valuer of the deal – has valued the asset at S$688…
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