Leadership

Brokers’ take: RHB downgrades Golden Agri to ‘neutral’ after earnings disappointment
Brokers’ take: RHB downgrades Golden Agri to ‘neutral’ after earnings disappointment
February 29, 2024
RHB Research downgraded its call on Golden Agri-Resources to “neutral” from “buy”, while slightly lowering its price target to S$0.29 from S$0.30. Its move came after the palm oil...
Chinese automaker BYD looking for Mexico plant location, executive says
Chinese automaker BYD looking for Mexico plant location, executive says
February 29, 2024
CHINESE electric vehicle (EV) maker BYD is looking for a location in Mexico to set up a factory aimed at boosting the company’s share of the local market, BYD...
UK regulators lift punitive capital demands on Nomura, sources say
UK regulators lift punitive capital demands on Nomura, sources say
February 29, 2024
UK REGULATOR eased capital demands on Nomura Holdings that had been placed after it lost US$2.9 billion on fund Archegos, according to two people with knowledge of the matter,...
Stocks to watch: AEM, ST Engineering, Sats, First Resources, Yangzijiang Financial
Stocks to watch: AEM, ST Engineering, Sats, First Resources, Yangzijiang Financial
February 29, 2024
THE following companies saw new developments that may affect trading of their securities on Thursday (Feb 29):AEM: The semiconductor equipment maker reported a net loss of S$20.9 million for...
BHP launches major worldwide restructuring, AFR reports
BHP launches major worldwide restructuring, AFR reports
February 29, 2024
BHP Group, the world’s biggest miner, has embarked on a major restructuring of its global business, affecting units from mine planning to decarbonisation and heritage protection, according to a...
Salesforce outlook disappoints as AI fails to spark growth
Salesforce outlook disappoints as AI fails to spark growth
February 28, 2024
SALESFORCE provided an outlook for annual sales that fell short of estimates, suggesting new artificial intelligence (AI) features for its software have yet to spur growth. The shares declined...
Electronic Arts to lay off 5% of workforce, reduce office space
Electronic Arts to lay off 5% of workforce, reduce office space
February 28, 2024
ELECTRONIC Arts will reduce 5 per cent of its workforce as part of a restructuring plan that also includes a reduction in real estate, the company said on Wednesday, as the...
AMC theatre chain’s profit falls short of estimates, shares drop
AMC theatre chain’s profit falls short of estimates, shares drop
February 28, 2024
AMC Entertainment Holdings, the world’s largest theatre chain, reported fourth-quarter earnings that fell short of Wall Street estimates, sending the shares lower. AMC posted a profit of US$42.5 million...
Paramount sales fall on ad slump; streaming subscribers rise
Paramount sales fall on ad slump; streaming subscribers rise
February 28, 2024
PARAMOUNT Global, the parent of CBS, MTV and other networks, said fourth-quarter sales fell 6 per cent to US$7.64 billion, the result of shrinking advertising on traditional TV channels....
While bonus shares are largely a gimmick, DBS’ proposed issue is a boon
While bonus shares are largely a gimmick, DBS’ proposed issue is a boon
February 28, 2024
THE mention of a bonus sends the heartbeats of salaried workers racing. Maybe this word has the same effect with investors. Banking giant DBS saw its share price jump –...