Posts by Yurie Miyazawa
Siemens Energy raises cash flow outlook as turnaround gains momentum
SIEMENS Energy on Wednesday (Aug 7) raised its free cash flow outlook for the second time in three months, citing stronger demand for its power grid equipment and gas turbines as the group recovers from a crisis at its wind division. The company, which supplies the utility sector with components and services, had to seek…
Read MoreHilton lifts profit view as international travel offsets weak US demand
HOTEL operator Hilton Worldwide raised its forecast for 2024 profit after beating second-quarter estimates on Wednesday (Aug 7) as robust demand for international travel offset losses from normalising domestic travel in the US It expects full-year profit between US$6.93 and US$7.03 per share, compared with its previous forecast of US$6.89 to US$7.03. Travel companies have…
Read MoreSony raises outlook after music, software help earnings beat
SONY Group raised its forecast for revenue and profit in the fiscal year to March after a successful quarter for its music and gaming software divisions. The Japanese entertainment giant said its operating profit during the three months ended June was 279.1 billion yen (S$2.5 billion), beating the consensus estimate of 273.9 billion yen and…
Read MoreHot stock: Dyna-Mac up as much as 11.5% after H1 profit surge
The higher bottom line comes amid the completion of major projects, improved productivity and increase in volume of projects undertaken SHARES offshore oil and gas contractor Dyna-Mac gained some ground on Wednesday (Aug 7) after the company reported a 280.3 per cent rise in first half net profit. The counter gained 11.5 per cent or…
Read MoreJapan morphs into the centre of worry for global investors
IN LESS than a week, Japan has completely upended the world’s expectations for its markets and economy. The country was the darling of the financial world for over a year. Its weak currency pushed the stock market to record highs and rekindled inflation after decades. Then the Bank of Japan (BOJ) hiked rates last Wednesday…
Read MoreRequisitioners’ resolutions passed at Sabana Reit’s Aug 6 EGM
These include an extraordinary resolution to effect proposed amendments to a clause in the trust deed deemed necessary for the Reit’s internalisation ALL resolutions proposed by requisitioners were passed at Sabana Industrial Real Estate Investment Trust’s (Sabana Reit) extraordinary general meeting (EGM) on proposed trust deed amendments for the Reit’s internalisation. At the event on…
Read MoreCromwell E-Reit H1 DPU falls 9.5% to 7.05 euro cents
CROMWELL European Real Estate Investment Trust (Cromwell E-Reit) posted a distribution per unit (DPU) of 7.05 euro cents for the first half ended June 2024, down 9.5 per cent from 7.79 euro cents a year prior. Unitholders will receive the distribution payment on Sep 27 following the ex-distribution date of Aug 15. Gross revenue declined…
Read MoreARA H-Trust H1 DPS falls 50.2% to US$0.00747
ARA US Hospitality Trust (ARA H-Trust) posted a distribution per stapled security (DPS) of US$0.00747 for the first half ended Jun 30, down 50.2 per cent from US$0.01501 in the corresponding year-ago period. Distributable income fell 50.1 per cent to US$4.3 million in H1 2024, from US$8.7 million in the same period last year. …
Read MoreSouth Korea’s Coupang posts first loss since 2022 as Farfetch deal saps profit
COUPANG posted its first loss in two years, after the acquisition of unprofitable Farfetch Holdings and a government regulatory fine offset strong growth in its core e-commerce business. South Korea’s largest online retailer posted a net loss of US$77 million for the June quarter, versus an average estimate for a loss of US$11.7 million. Excluding…
Read MoreDisney raises streaming prices up to 25%, adds new channels
WALT Disney is raising the prices of its streaming services, with the lowest-cost offering, Disney+ with advertising, climbing 25 per cent to US$9.99 a month. Disney+ without ads will increase 14 per cent to US$15.99, according to an announcement on Tuesday (Aug 6). A bundle that includes Disney+ and Hulu, both with ads, rises 10…
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