Leadership
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...
Philippine business buoys Jollibee profit as China pain persists
JOLLIBEE Foods’s Philippine businesses boosted the fast-food chain’s second-quarter profit, even as it struggled with its operation in China.Net income of the Philippines’ biggest restaurant operator jumped 31 per...
