Posts by Yurie Miyazawa
Gen Z voters oppose social media limits, new study finds
AMERICAN teens are generally against the idea of regulations that would place restrictions on their use of social media platforms, despite knowing the potential harms to mental and physical health, according to a survey of 430 first-time voters. A study designed by non-profit Helena found that more than 60 per cent of new voters oppose…
Read MoreTaiwan’s artificial-intelligence fundraising survives market maelstrom
A NEW convertible bond offering by a major supplier to Apple will add to the US dollar funds raised by Taiwan’s tech firms this year, thanks to the hybrid securities’ popularity and demand for artificial intelligence investments. Quanta Computer, a MacBook contract manufacturer, is seeking to raise up to US$1 billion by selling convertible notes,…
Read MoreHaw Par’s H1 2024 net profit rose 17.1 per cent to S$122 million
Revenue for the period rose 6.3% to S$118.1 million as demand for healthcare products remains strong TIGER Balm ointment maker Haw Par Corporation reported a 17.1 per cent rise in H1 2024 net profit to S$122 million from S$104.1 million in H1 2023 in an announcement on Wednesday (Aug 14). Revenue for the period rose…
Read MoreStarHub H1 earnings up 7.1% to S$82.1 million despite revenue staying largely flat
Earnings per share rose 8.5 per cent to 4.6 Singapore cents, from 4.2 cents in the corresponding period the year before MAINBOARD-LISTED telco StarHub posted a net profit of S$82.1 million for the half-year ended June, up 7.1 per cent from S$76.7 million in the year-ago period. Earnings per share rose 8.5 per cent to…
Read MoreUS junk debt investors cautious of leveraged loans as economy slows
LEVERAGED loan deals are expected to pick back up after a stabilisation in markets over the past week, although some investors say they are cautious about junk-rated loans if the economy weakens. Borrowers pulled back on leveraged loan deals last week, following disappointing jobs data on Aug 1 and Aug 2 that raised forecasts for…
Read MoreDrugmaker AstraZeneca’s market value soars past £200 billion
ASTRAZENECA’S market value surged above £200 billion (S$338 billion) for the first time after a big bet on cancer drugs helped drive a rally in the shares. Shares climbed as much as 0.5 per cent on Wednesday (Aug 14), extending an advance this year to 22 per cent. The firm’s market value closed above £200…
Read MoreFar East Orchard H1 profit more than doubles to S$18.2 million on student housing segment growth
FAR East Orchard’s net profit more than doubled to S$18.2 million for the first half of 2024, from S$8.2 million in the year-ago period. The group’s purpose-built student housing accommodation (PBSA) segment grew by 22.8 per cent during this period, bringing total revenue for H1 to S$97.3 million, Far East Orchard said on Tuesday (Aug…
Read MoreMars to buy Pringles maker Kellanova for US$36 billion in 2024’s biggest deal
FAMILY-OWNED candy giant Mars is buying Cheez-It maker Kellanova in a nearly US$36 billion deal, bringing together brands from M&M’s and Snickers to Pringles and Pop-Tarts in the year’s biggest deal to date. Mars said on Wednesday (Aug 14) it will pay US$83.50 per share for Kellanova, representing about a 33 per cent premium to…
Read MoreGlobal banks’ tech revival sparks hope for US$254 billion Indian IT sector
GLOBAL banks have started reviving the technology projects they put on ice in 2023, raising hopes for the US$254 billion Indian IT sector that makes about a third of its revenue from banking, financial services and insurance (BFSI) clients. Quarterly reports from Tata Consultancy Services (TCS), Infosys, Wipro and others showed a nascent recovery in…
Read MoreBrokers’ take: KGI initiates United Hampshire US Reit at ‘outperform’, US$0.60 target
KGI Securities has started coverage on United Hampshire US Real Estate Investment Trust (United Hampshire US Reit) with an “outperform” rating ahead of an anticipated 25 basis point US interest rate cut in September. The Reit has been assigned a price target of US$0.60, which factors in a terminal growth rate of 2 per cent,…
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