Posts by Yurie Miyazawa
Maybank initiates Parkway Life Reit coverage with ‘buy’ call, S$4.10 price target, on strong growth prospects
The analyst expects its acquisition in France, in-built rent escalation in Singapore to support DPU growth MAYBANK Securities has initiated coverage on Parkway Life Real Estate Investment Trust (Reit) with a “buy” call and a S$4.10 target price. In a report on Wednesday (Jan 8), analyst Krishna Guha noted that even though the stock…
Read MoreMorgan Stanley to hire more Asia wealth relationship managers
MORGAN Stanley’s Asia wealth chief is looking to boost the number of staff dealing with its richest customers as the US lender pushes ahead with its regional expansion. The firm’s 140 relationship managers in the region could grow to 200 over the next few years, said Vincent Chui, head of wealth management for Asia Pacific.…
Read MoreMorgan Stanley to hire more Asia wealth relationship managers
MORGAN Stanley’s Asia wealth chief is looking to boost the number of staff dealing with its richest customers as the US lender pushes ahead with its regional expansion. The firm’s 140 relationship managers in the region could grow to 200 over the next few years, said Vincent Chui, head of wealth management for Asia Pacific.…
Read MoreGold subdued; investors await US data for cues on Fed’s policy path
GOLD prices were subdued on Thursday (Jan 9) as rising yields and a stronger US dollar weighed, while investors awaited US data for clarity on the Federal Reserve’s interest rate stance for 2025. Spot gold eased 0.1 per cent to US$2,659.27 per ounce, as at 0038 GMT. US gold futures rose 0.2 per cent to…
Read MoreSingapore shares retreat after Fed December minutes; STI down 0.6%
Across the broader market, losers beat gainers 281 to 222, with 982.3 million shares worth S$913.1 million changing hands SINGAPORE shares finished lower on Thursday (Jan 9), after US Federal Reserve minutes showed that officers expect slower rate cuts in 2025. The Straits Times Index (STI), the local bourse’s blue chip barometer, ended down 0.6…
Read MoreChip designer Arm considers acquiring Ampere computing
SOFTBANK Group and its majority-owned Arm Holdings are exploring a deal for Ampere Computing, according to sources familiar with the matter. Ampere, the Oracle-backed semiconductor designer, has drawn takeover interest from Arm while exploring its strategic options, said the sources, who asked not to be identified because the discussions were private. Talks could still fall…
Read MoreSeven & i convenience store recovery hits wider retail headwinds
SEVEN & i Holdings will show some signs of recovery at its convenience stores in Japan and North America when it reports quarterly results, but that may not be enough to stave off investor pressure to engage with a takeover approach from Alimentation Couche-Tard. Overall, operating profit is set to drop – analysts estimate by…
Read MoreJefferies profit triples in sign dealmaking slump is ending
JEFFERIES Financial Group’s profit soared on a rebound in mergers and acquisitions (M&A ) and a surge in equity-trading revenue, signs that the multiyear dealmaking slump is coming to an end. Net income for the fiscal fourth quarter, which ended Nov 30, more than tripled off a 73 per cent jump in investment-banking fees and…
Read MoreFed minutes show officials were eager to slow interest-rate cuts
FEDERAL Reserve officials in December adopted a new stance on rate-cutting amid elevated inflation risks, deciding to move more slowly in the months ahead. “Participants indicated that the committee was at or near the point at which it would be appropriate to slow the pace of policy easing,” minutes from the Federal Open Market Committee’s…
Read MoreLost in the Mail? What You Need to Know About Weekend Deliveries
Ever wondered if your mail’s going to show up on a Saturday or Sunday? You’re not alone. Understanding the weekend mail delivery schedule can save you a lot of headaches. Whether it’s a birthday card or something important you’ve been waiting for, knowing how weekend deliveries work is key. Different rules apply on weekends compared…
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