Posts by Yurie Miyazawa
Stocks to watch: Singtel, CapitaLand Ascott Trust, Keppel
THE following companies saw new developments that may affect trading of their securities on Wednesday (Oct 9): Singtel: Business and emergency services hotlines, including those of hospitals and the Singapore Civil Defence Force (SCDF), could not be reached for several hours on Tuesday due to an islandwide disruption involving Singtel’s telecommunications network. Shares of the…
Read MoreAdobe to offer free app to help with creator attribution amid AI boom
ADOBE said on Tuesday (Oct 8) it will offer a free web-based app starting next year, aimed at helping the creators of images and videos to get credit for their work used in artificial intelligence (AI) systems. Since 2019, Adobe and other technology companies have been working on what the firms call “Content Credentials”, a…
Read MoreRoblox tumbles as Hindenburg bets against gaming platform
ROBLOX shares slumped on Tuesday (Oct 8) after short seller Hindenburg Research said it’s betting against the gaming platform. The stock fell as much as 9.4 per cent in intraday trading on Tuesday in New York, hitting the lowest level since early August. The online gaming company’s stock has shed more than 15 per cent…
Read MoreThink like stocks, don’t fret about the news headlines
QUESTION: What do national debt, central bank rate cuts, climate change, Singapore property prices, Big Tech antitrust battles, and the city’s demographic “crisis” all have in common? Answer: None can have much real impact on stocks. Yes, you read that right. Stocks are neither myopic nor far-sighted. They weigh factors about three to 30 months…
Read MoreUnlocking the power of data for sustainability reporting
AS THE push for greater ESG transparency grows, companies are increasingly turning to advanced technologies such as artificial intelligence (AI), blockchain, and big data analytics to optimise and improve their ESG reporting. These innovations are making it easier for businesses to collect, analyse, and report data, while also building trust with stakeholders through enhanced accuracy…
Read MoreTikTok sued by 13 US states and DC, accused of harming younger users
TIKTOK faces new lawsuits filed by 13 US states and the District of Columbia on Tuesday (Oct 8), accusing the popular social media platform of harming and failing to protect young people. The lawsuits filed separately in New York, California, the District of Columbia and 11 other states, expand Chinese-owned TikTok’s legal fight with US…
Read MoreBlackRock, JPMorgan asset back Dynasty Financial at US$800 million valuation
DYNASTY Financial Partners, a provider of back-office services to independent investment advisers, won backing from BlackRock and JPMorgan Asset Management as it looks to accelerate growth. The minority capital raise values Dynasty at about US$800 million, according to a person familiar with the matter, who asked not to be identified discussing private details. The firm…
Read MorePepsiCo trims sales forecast as customers tighten purse strings on snacks, sodas
PepsiCo cut its forecast for annual sales growth on Tuesday (Oct 8) as picky consumers in North America limit their spending on sodas and savoury snacks, while opting for cheaper private-label brands. The company, whose brands include Mountain Dew, 7up and Lays, now expects organic sales to grow in a low single-digit range for fiscal…
Read MoreHyundai aims to raise US$3.3 billion in record India IPO next week
Hyundai Motor is seeking to raise as much as US$3.3 billion through an initial public offering of its Indian unit, people familiar with the matter said, kicking off the country’s biggest-ever listing. Hyundai Motor India set the price range at 1,865 rupees (S$28.93) to 1,960 rupees per share, the people said, asking not to be…
Read MoreSingapore stocks fall amid regional declines on Tuesday; STI down 0.7%
SINGAPORE stocks tracked regional declines on Tuesday (Oct 8), reversing Monday’s gains. The benchmark Straits Times Index (STI) lost 0.7 per cent or 23.5 points to 3,575.69. Across the broader market, losers outnumbered gainers 449 to 199, after 2.2 billion securities worth S$1.6 billion changed hands. Ipek Ozkardeskaya, senior analyst at Swissquote Bank, said:…
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