Posts by Stephanie Irvin
S-Reits tumble on Trump’s election triumph
Concerns over rising US government debt and inflation have driven up treasury yields SINGAPORE-LISTED real estate investment trusts or S-Reits fell to the bottom of the Singapore Exchange (SGX) on Thursday (Nov 7) amid fears that Trump administration policies would raise inflationary pressure on the US economy and lead to a slowdown in interest rate…
Read MoreAir France-KLM warns of higher annual costs after Q3 profit miss
AIR France-KLM reported a bigger-than-expected drop in its quarterly operating result on Thursday (Nov 7), impacted by the Paris Olympic Games and higher unit costs. The French-Dutch airline group’s shares slumped 10 per cent by 0848 GMT, after it also said costs for the full year would be higher than previously projected. It expects its…
Read MoreDelivery Hero sees 2024 earnings at low end of previous forecast
DELIVERY Hero tempered profit expectations for the year, a sign of strain in the company’s strategic overhaul in the competitive food delivery market. The German firm reported third-quarter figures roughly in line with forecasts, reporting 3.2 billion euros (S$4.6 billion) in sales from 12.2 billion euros in gross transactions in the period, it said in…
Read MoreVietnam sets dong fix rate at record low amid US dollar strength
VIETNAM set its reference rate for the dong at a record low, setting the stage for more weakness in the South-east Asian nation’s currency as the US dollar’s surge pummels emerging markets. The State Bank of Vietnam (SBV) set the currency fixing at 24,283 dong per US dollar on Thursday (Nov 7), the weakest since…
Read MoreLatest Singapore 6-month T-bill cut-off yield rises to 3.04% after Trump’s win
THE cut-off yield on Singapore’s latest six-month Treasury bill (T-bill) rose to 3.04 per cent, auction results released by the Monetary Authority of Singapore on Thursday (Nov 7) showed. This was up from the 2.99 per cent offered in the previous six-month auction that closed on Oct 24. Yields were up across the board…
Read MoreBulgari CEO sees China luxury market recovering in next two years
CHINA’S luxury market may recover in the next 24 months as the country’s economy bounces back, Bulgari chief executive officer Jean-Christophe Babin said. The LVMH-owned jeweller has seen a more visible downturn this year in China at its brick-and-mortar stores versus online channels that can reach more customers including those in smaller cities, Babin added…
Read MoreSingapore shares open higher on Thursday; STI up 0.6%
SINGAPORE shares began Thursday (Nov 7) trading in positive territory as markets abroad saw mixed results. As at 9.01 am, the Straits Times Index (STI) was up 0.6 per cent or 20.74 points at 3,623.73. Across the broader market, gainers outnumbered losers 63 to 48 after 38.7 million securities worth S$118.9 million changed hands. Mainboard-listed…
Read MoreStocks to watch: DBS, Acrophyte Hospitality Trust
THE following companies saw new developments that may affect trading of their securities on Thursday (Nov 7): DBS: Singapore’s largest lender beat estimates with record net profit crossing the S$3 billion mark for the first time at S$3.03 billion for its third quarter ended September, up 17 per cent year on year. It declared an…
Read MoreHot stock: DBS crosses S$40 for first time to hit new record on strong results, S$3 billion share buyback plan
Shares of South-east Asia’s biggest bank cross the S$40 per-share mark at a record high SHARES of DBS rose to a historic level after it announced the establishment of a S$3 billion share buyback programme in tandem with its third-quarter results, where net profit crossed the S$3 billion mark for the first time. As at…
Read MoreHot stock: DBS crosses S$40 for first time to hit new high on strong results, S$3 billion share buyback plan
Shares of South-east Asia’s biggest bank cross the S$40 per-share mark at a record high SHARES of DBS rose to a historic level after it announced the establishment of a S$3 billion share buyback programme in tandem with its third-quarter results, which saw net profit crossed the S$3 billion mark for the first time. As…
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