Posts by Yurie Miyazawa
Swatch wins Malaysia suit over pride watch raid: report
SWISS watchmaker Swatch Group has won its lawsuit against the Malaysian government over last year’s controversial seizure of its Pride-themed watches in the South-east Asian nation, according to a Malaysiakini report. The Malaysian High Court on Monday (Nov 25) ordered the Home Ministry to return the watches – a series of timepieces with rainbow wristbands…
Read MoreBrokers’ take: Maybank initiates SingPost at ‘buy’ with S$0.74 target price
MAYBANK Securities has initiated coverage on Singapore Post (SingPost) with a “buy” call and a S$0.74 target price after applying a 15 per cent holding discount to its sum-of-the-parts valuation of the group at S$0.86 per share. In a report on Monday (Nov 25), analyst Jarick Seet said he viewed the group as “deeply undervalued”…
Read MoreChina keeps policy loan rate unchanged for second month
CHINA’S central bank kept a policy loan rate unchanged after last cutting it in September, as the authorities stay patient in ramping up monetary stimulus. The People’s Bank of China (PBOC) held the interest rate on the one-year medium-term lending facility (MLF) steady at 2 per cent, according to a statement on Monday (Nov 25).…
Read MoreIndonesia bourse mulls higher IPO proceeds criteria for listing
THE Indonesia Stock Exchange (IDX) is considering requiring minimum proceeds for initial public offerings (IPOs) as part of efforts to revamp listing rules. “We are proposing more than 10 per cent” in minimum IPO proceeds, IDX president director Iman Rachman said in an interview in Kuala Lumpur last week. The proposal, along with several other…
Read MoreAI boom makes 139-year-old cable maker Japan’s hottest stock
THE global boom in artificial intelligence (AI) has turned an obscure 139-year-old Japanese company into a stock-market star. Fujikura, which makes wire cabling for data centres, is the best performer on the Nikkei 225 Stock Average index, with its shares surging more than 400 per cent this year. It will join the MSCI global standard…
Read MoreBitcoin’s rally stalls after nearing the historic US$100,000 level
BITCOIN retreated after a rally towards US$100,000 sputtered just shy of the historic level amid warnings that investor optimism stemming from President-elect Donald Trump’s support for crypto was getting overdone. The digital asset fell as low as US$95,776 on Sunday (Nov 24) after coming within US$300 of the six-figure milestone on Friday. It struggled for…
Read MoreChina investors digest another letdown from big tech earnings
FROM Tencent Holdings to Alibaba Group Holding, China’s tech leaders delivered underwhelming numbers for a quarter beset by economic and geopolitical uncertainty. Whether or not they can win back investors may increasingly hinge on Beijing’s actions. In call after call with investors, China’s Internet pioneers described how the uneven economy was undermining their business and…
Read MoreSingLand builds on sustainability efforts, sees ESG credentials as prerequisite to attracting tenants
Having a sustainable workplace will become a major criterion for companies looking to attract and retain talent, says CEO JONATHAN Eu, the chief executive officer of property developer Singapore Land (SingLand), believes that green buildings will increasingly be seen as a “prerequisite” for tenants seeking office space. Having a sustainable workplace, he says, will become…
Read MoreHistory is useless for Wall Street pros betting on stock rally
Investors have a challenge in betting on the usual stock market rally that tends to arrive after a presidential election: With the S&P 500 Index on track for one of its best ever starts to a year, history can’t be a guide this time. Buying US stocks into year-end following a vote is the classic…
Read MoreABR Holdings managing director continues to grow interest
OVER the five trading sessions spanning Nov 15 to Nov 21, institutions were net sellers of Singapore stocks, resulting in a net institutional outflow of S$38 million. This marked a slight reversal from the net inflow of S$384 million observed over the five preceding sessions up to Nov 14. Stocks that led the net institutional…
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