Posts by Yurie Miyazawa
Yeo Hiap Seng posts lower net profit of S$3.2 million for H1
FOOD and beverage (F&B) group Yeo Hiap Seng reported a net profit of S$3.2 million for the half year ended Jun 30, 2024, down 3.8 per cent from S$3.3 million in the year-ago period. The decline was a result of lower sales for non-Yeo’s products, foreign currency impact and freight disruptions, said the group in…
Read MoreDyna-Mac H1 profit surges 280.3% to S$38.8 million on higher productivity, revenue and projects completion
Higher profit attributed to the completion of major projects, improved productivity and increase in volume of projects undertaken OFFSHORE oil and gas contractor Dyna-Mac Holdings’ net profit more than doubled to S$38.8 million for the first half of 2024, from S$10.2 million in the corresponding period earlier. In a bourse filing on Tuesday (Aug 6),…
Read MoreKFC parent Yum Brands sales fall as weak US demand persists
TACO Bell parent Yum Brands reported a bigger-than-expected fall on Tuesday (Aug 6) in same-store sales for the second quarter as sticky inflation prompted lower-income Americans to eat out less and cook more affordable meals at home. Like its peers in the fast-food industry, Yum has been investing in loyalty programs and refreshing its menus…
Read MoreUber’s second-quarter revenue beats on ride-sharing demand
UBER beat Wall Street estimates for second-quarter revenue and core profit on Tuesday (Aug 6), helped by steady demand for its ride-sharing and food-delivery services. With more people returning to offices and stepping out of their homes, ride-sharing demand has got a boost over the past several months benefiting companies such as Uber and rival…
Read MoreWorld’s biggest car shipper warns charter rates will come down
HIGH global charter shipping rates buoyed by record exports of electric vehicles from China may not last, the head of the world’s larger autoliner said, amid geopolitical moves to limit Chinese automakers’ reach. “The car carrier industry has enjoyed exceptionally good times for a couple of years actually and we still are,” said Andreas Enger,…
Read MoreBayer sales surprise on demand for new cancer, kidney drugs
BAYER reported encouraging sales for the quarter aided by strong demand for new cancer and kidney medicines. Group revenue reached 11.1 billion euros (S$16.1 billion) in the second quarter, the German company said in a statement on Tuesday (Aug 6), ahead of the 10.9 billion euros average of analysts’ estimates. Bayer reiterated its 2024…
Read MoreEmperador H1 net profit falls 19.6% to 3.8 billion pesos
PHILIPPINE liquor giant Emperador on Tuesday (Aug 6) reported a fall in first-half net profit to 3.8 billion pesos (S$87 million), compared to 4.7 billion pesos in the corresponding year-ago period. Revenue for the first half of the year was down about 7.9 per cent to 28.6 billion pesos, from 31.1 billion pesos in the…
Read MoreEmperador H1 net profit falls to 3.8 billion pesos
PHILIPPINE liquor giant Emperador on Tuesday (Aug 6) reported about a fall in first-half net profit to 3.8 billion pesos (S$87 million), compared to 4.7 billion pesos in the corresponding year-ago period. Revenue for the first half of the year was down about 8.1 per cent to 28.6 billion pesos, from 31 billion pesos in…
Read MoreBank of Japan under fire for rate-hike timing after market meltdown
THE Bank of Japan’s (BOJ) monetary policy tightening last week has triggered a wave of criticism after it helped set off a historic plunge in Japanese stocks and contributed to global market turmoil – likely putting any plans for further interest-rate hikes on ice. “The BOJ needs to be humble about economic data and the…
Read MoreHot stocks: US office S-Reits on Fed rate-cut expectations, MAS proposal to relax leverage limit
PURE-PLAY US office real estate investment trusts (Reits) gained some ground on Tuesday (Aug 6) morning, following rising expectations that the US Federal Reserve would cut interest rates. The gains also came after the Monetary Authority of Singapore (MAS) proposed in July to simplify requirements for all Reits. The trio of US office Reits…
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