Posts by Yurie Miyazawa
Over 70% of large Singapore listcos aiming for net-zero emissions by 2050: study
SOME 71 per cent of billion-dollar issuers on the Singapore Exchange (SGX) have set a target to hit net-zero emissions by 2050 or earlier, shows a study released on Monday (Jul 8). However, many have not disclosed the interim milestones towards achieving their targets, said the study by the Accounting and Corporate Regulatory Authority (Acra)…
Read MoreHong Kong set for busiest IPO week of 2024 with six listings
Pickup indicates recovery in activity in the third quarter after a slow first half. SIX companies are set to start trading in Hong Kong this week after raising a combined HK$4.31 billion (S$744 million) in the busiest week this year for IPO debuts. The pickup in listings indicates a recovery in activity in the third…
Read MorePing An Bank moves Shanghai staff to Shenzhen to cut costs
PING An Bank is relocating more than 100 staff based in Shanghai to its Shenzhen home base to cut costs as China’s banking industry struggles with profitability. The lender last week notified all its retail business and information technology staff who currently report to its headquarters that they need to move to the bank’s hometown…
Read MoreTencent’s hit stays on top after ‘Genshin Impact’ foe’s release
TENCENT Holdings’s Dungeon & Fighter (DnF) Mobile kept its spot as China’s top-grossing game despite the launch of a major rival from Genshin Impact studio Mihoyo, passing a key test of popularity in an intensely competitive market. Zenless Zone Zero (ZZZ) brought in US$3.4 million from iPhone players in China on Jul 4, falling shy…
Read MoreBrokers’ take: Maybank initiates coverage on Beng Kuang Marine with ‘buy’, S$0.47 target price
MAYBANK Securities initiated coverage on Beng Kuang Marine with a “buy” call, as the research house is positive that the company will benefit from floating production storage and offloading (FPSO) upcycle. The brokerage issued Beng Kuang a target price of S$0.47, which represents 9 times its price-to-earnings (PE) estimates for the company for the financial…
Read MoreGold lingers near one-month high on Fed rate-cut bets
GOLD prices eased on Monday (Jul 8) but hovered near a more than one-month high scaled in the previous session, after softer US data boosted expectations of an interest rate cut by the Federal Reserve in September. Spot gold was down 0.2 per cent at US$2,385.88 per ounce, as at 0235 GMT, after rising to…
Read MoreSoftBank group firm PayPay Securities aims to double accounts
PAYPAY Securities aims to double the number of its brokerage accounts to two million by the end of this fiscal year to March from about one million now, backed by users of the group’s cashless payment system, according to its chief executive officer. The Tokyo-based company’s top shareholder operates PayPay app, which had about 60…
Read MoreSingapore’s medtech sector and locally made medical devices punching above their weight
ONE in 10 contact lenses used globally comes from Singapore, as does one in five cardiac-related implants such as surgical structural heart valves, pacemakers and stents. The Republic also produces half the mass spectrometry systems used worldwide to test for a range of things such as drugs or food contamination, and 90 per cent of…
Read MoreHedge funds that piled into big Tesla short stung by huge rally
HEDGE funds piled into short bets against Tesla right before the electric vehicle (EV) maker unveiled a set of numbers that triggered a hefty share-price rally. About 18 per cent of the 500-plus hedge funds tracked by data provider Hazeltree had an overall short position on Tesla at the end of June, the highest percentage…
Read MoreParamount board’s special committee approves Skydance merger
DAVID Ellison inched closer to an acquisition of Paramount Global, the owner of MTV and CBS, as a special committee of the company’s board blessed a merger with his Skydance Media, according to a source with knowledge of the matter. An agreement would end one of the messiest and most dramatic merger deals in recent…
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