Leadership
Haw 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 strongTIGER Balm ointment maker Haw Par Corporation reported a 17.1 per cent rise in...
StarHub 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 beforeMAINBOARD-LISTED telco StarHub posted a net profit of S$82.1...
US 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...
Drugmaker 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...
Far 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...
Mars 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...
Global 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...
Brokers’ 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...
