Posts by Stephanie Irvin
Sembcorp suspends operations in Myanmar power plant on escalating civil unrest
Security measures are in place to safeguard the plant, and its insurance coverage is in force SEMBCORP Industries said it has temporarily suspended operations in one of its power plants in Myanmar, in view of escalating civil unrest in the country. “Sembcorp’s priority is to ensure the safety of its employees,” the company said in…
Read MoreSIA flight to Tokyo had technical issue with brakes; all on board are safe
A SINGAPORE Airlines (SIA) plane experienced a technical issue with its brakes upon landing in Tokyo on Monday (Aug 12) at 7.38 am (local time), but all 276 passengers and crew members were unhurt. An SIA spokesperson said the carrier’s ground engineering team resolved the technical issue and replaced one of the tyres on the…
Read MoreCarry-trade blowup haunts markets rattled by rapid-fire unwind
BY NOW, last Monday’s (Aug 12) global market meltdown looks more like a brief tremor, a fleeting panic unleashed by a small policy shift from the Bank of Japan (BOJ) and resurgent fears of a United States recession. But the way it unfolded so rapidly – and just as quickly faded out – is exposing…
Read MoreDaiwa House Logistics Trust posts 6.1% lower H1 DPU of S$0.0245
distribution per unit (DPU) of Daiwa House Logistics Trust (DHLT) for the first half of fiscal 2024 fell 6.1 per cent year on year to S$0.0245 from S$0.0261. The manager of the trust on Monday (Aug 12) also posted H1 revenue of S$27.6 million, down 10.7 per cent from S$30.9 million. Net property income (NPI)…
Read MoreQ&M Dental’s H1 net profit surges 84% to S$9.8 million
Q&M Dental Group’s net profit for the first half ended June 2024 rose 84 per cent year on year to S$9.8 million versus S$5.3 million in H1 FY2023. Earnings per share (EPS) stood at S$0.0104, up from S$0.0056 in the same period a year prior. Its board has proposed a S$0.004 per share interim dividend…
Read MoreStocks to watch: Ho Bee Land, Q&M Dental, Daiwa House Logistics Trust, PSC, Tat Seng
THE following companies saw new developments that may affect trading of their securities on Monday (Aug 12):
Read MoreStocks to watch: Ho Bee Land, Q&M Dental, Daiwa House Logistics Trust, PSC, Tat Seng, Cordlife
THE following companies saw new developments that may affect trading of their securities on Monday (Aug 12):
Read MoreMAS review group needs to bring stakeholders together, and find a way to realign their interests
Relatively high yields offered by Singapore’s leading stocks and Reits could be attractive to global investors seeking diversification amid heightened volatility As global markets convulsed on Monday (Aug 5), one of my colleagues said to me: “I wonder what will happen to the SGX revival plan.” The Monetary Authority of Singapore (MAS) had announced on…
Read MoreNomura leverages growing interest in Japan market to grow Asia-Pacific business
NOMURA’s strong Japanese branding is helping the investment bank propel growth of its Asia-Pacific business. Given the bank’s strong background and knowledge of Japan, global investors are increasingly approaching Nomura for insights amid rising interest in Japanese equity markets, said Kenji Teshima, CEO of Nomura Asia Pacific Holdings. “Clearly, since the interest has shifted to…
Read MoreYen could strengthen further if BOJ signals further tightening
The USD/JPY currency pair, which had been steadily rising since January 2024, recently broke its trendline, retreating from a peak of 161. Several factors have contributed to this shift in momentum, reflecting the complex interplay of economic data, central bank policies and market sentiment. At the start of 2024, the USD/JPY began its ascent, driven…
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