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Sing Investments & Finance H2 net profit up 21% at S.3 million
Sing Investments & Finance H2 net profit up 21% at S$20.3 million
February 20, 2025
SING Investments & Finance (SingFinance) posted a 21 per cent increase in net profit to S$20.3 million for the half year ended Dec 31, 2024, from S$16.8 million in...
UOL unit, partner win tender for residential site in Shanghai
UOL unit, partner win tender for residential site in Shanghai
February 20, 2025
A UNIT of property developer UOL Group, together with an industry partner, has won a nine billion yuan (S$1.7 billion) tender for a residential site in the Hongkou district...
Wilmar posts 39.4% fall in H2 net profit on absence of year-ago gain, weak sugar price
Wilmar posts 39.4% fall in H2 net profit on absence of year-ago gain, weak sugar price
February 20, 2025
AGRIBUSINESS Wilmar International posted a 39.4 per cent fall in net profit to US$590.2 million for the six months ended December 2024.The decline was due to the absence of...
TikTok restructures trust and safety team, lays off staff in unit: sources
TikTok restructures trust and safety team, lays off staff in unit: sources
February 20, 2025
The layoffs began the same day for teams in Asia and Europe, Middle East and AfricaTIKTOK is laying off global staff at its trust and safety unit which handles...
Singapore’s Abaxx Exchange plans gold futures as metal surges
Singapore’s Abaxx Exchange plans gold futures as metal surges
February 20, 2025
SINGAPORE’S Abaxx Exchange plans to introduce gold futures in the coming months, with prices setting fresh records this year as traders grapple with disruptions in key bullion hubs and...
Analysts raise target prices, dividend estimates on UOB as they get positive on earnings outlook
Analysts raise target prices, dividend estimates on UOB as they get positive on earnings outlook
February 20, 2025
Maybank forecasts return on equity to increase, thereby driving higher valuationsANALYSTS have raised their target prices for UOB after the lender on Wednesday (Feb 19) posted full-year net profit...
Manulife US Reit to sell Plaza office building for US million as H2 distributable income falls 57.6%
Manulife US Reit to sell Plaza office building for US$40 million as H2 distributable income falls 57.6%
February 20, 2025
THE manager of Manulife US Real Estate Investment Trust (Reit) reported on Thursday (Feb 20) that its distributable income fell 57.6 per cent to US$15.4 million from US$36.3 million...
Singapore shares open lower on Thursday; STI down 0.4%
Singapore shares open lower on Thursday; STI down 0.4%
February 20, 2025
SINGAPORE stocks declined on Thursday (Feb 20) morning, tracking overnight losses in European markets. As at 9.01 am, the Straits Times Index (STI) opened 0.4 per cent or 14.07...
Trump tariff worries keep gold near record high level
Trump tariff worries keep gold near record high level
February 20, 2025
GOLD prices edged higher on Thursday (Feb 20), hovering near their all-time highs as concerns persisted over US President Donald Trump’s tariff strategies, which could fuel inflation and escalate...
Stocks to watch: Seatrium, SingPost, Sasseur Reit, CSE Global, United Hampshire US Reit
Stocks to watch: Seatrium, SingPost, Sasseur Reit, CSE Global, United Hampshire US Reit
February 20, 2025
THE following companies saw new developments that may affect trading of their securities on Thursday (Feb 20). Seatrium: It announced on Thursday that its offshore jack-up designer, Seatrium Offshore...