Posts by Yurie Miyazawa
First Resources Q3 profit up 19.3% to US$61 million
FIRST Resources’ net profit for the third quarter ended September rose 19.3 per cent to US$61 million, from US$51.1 million in the previous corresponding period. Sales were up 2.3 per cent at US$253.9 million for the quarter, while earnings before interest, taxes, depreciation and amortisation increased 27.8 per cent on the year to US$105.9 million.…
Read MoreSingapore banks optimistic about earnings, capital returns amid yet another quarterly results beat
They also see upsides to net interest margins during a Trump 2.0 presidency, as expected inflationary policies may result in higher interest rates SINGAPORE banks are optimistic about their earnings outlook moving into 2025, after yet another set of record quarterly earnings for the third quarter ended September 2024. They also see upsides to net…
Read MoreOffshore wind cable makers turn to Europe as Trump risks loom
NEXANS said on Wednesday (Nov 13) it would turn its US-based plant into an export hub if the offshore wind sector was challenged under Donald Trump’s second stint as president. The French power and data cable specialist’s plant in Charleston, South Carolina makes undersea cables used by the US offshore wind market. During its Capital…
Read MoreUS dollar pulls back from six-month peak after US inflation data
THE US dollar pulled back from a 6½-month high against major currencies on Wednesday (Nov 13) after data showed US inflation for October increased in line with expectations, suggesting the Federal Reserve will keep cutting rates. The greenback has risen to its highest level since May one buoyed by Donald Trump’s victory in the US…
Read MoreGP Industries back in black with 62.9% net profit boost on stronger revenue, cost controls
BATTERY maker bounced back into the black with a 62.9 per cent jump in net profit in its first half of FY2025, driven by revenue growth and tighter cost control measures imposed after the red ink spilled in H2 2024. The mainboard-listed company posted on Wednesday (Nov 13) a net profit of S$14.5 million in…
Read MoreBursa Malaysia aims to launch used cooking oil futures in Dec
BURSA Malaysia Derivatives Exchange (BMD) is planning to launch its new used cooking oil futures contract as early as December, the director of the Malaysian bourse said on Wednesday (Nov 13). “It is already in the final stages. It is awaiting regulatory approvals,” director Mohd Saleem Kader Bakas told Reuters at the sidelines of an…
Read MoreSembcorp signs framework agreement for potential hydrogen pipeline at COP29
The agreement is not expected to have a material impact on the company’s FY2024 results SEMBCORP Industries has inked a joint development framework agreement at COP29 for a potential hydrogen pipeline between Singapore and Indonesia. The other parties in the agreement are PLN Energi Primer Indonesia and Transportasi Gas Indonesia, said Sembcorp in a bourse…
Read MoreSingapore stocks rise even as trade tariff fears hurt market sentiment in Asia; STI up 0.2%
With China hawks primed for top roles in incoming Trump administration and China’s booming trade surplus, resurgence of protectionist policies is expected, says analyst SINGAPORE stocks rose on Wednesday (Nov 13) even as the region braces itself for a new US administration that could implement stronger protectionist measures. The Straits Times Index (STI) rose 0.2…
Read MoreOCBC has enough capital for M&A, business growth: CEO Helen Wong
OCBC has enough capital for business growth even as chief executive officer Helen Wong signals her appetite for deals while keeping the bank’s dividend policy. “We are well-capitalised,” Wong said on Wednesday (Nov 13) in an interview with Haslinda Amin on Bloomberg Television. “We have prepared for both organic growth and certain inorganic growth opportunity.” …
Read MoreChina says TSMC chip curbs undermine interests of Taiwan companies
CHINA’S Taiwan Affairs Office said on Wednesday (Nov 13) that a US order to Taiwan Semiconductor Manufacturing Company (TSMC) to halt shipments of advanced chips to some Chinese customers – as reported by Reuters – proved that the United States was “playing the Taiwan card” to raise tensions in the Taiwan Straits. Zhu Fenglian, spokesperson…
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