Lifestyle

Brokers’ take: RHB expects UOB’s valuation to provide downside support; raises target to S
Brokers’ take: RHB expects UOB’s valuation to provide downside support; raises target to S$32
July 23, 2024
Efforts to build up the bank’s wholesale platform look to be ‘bearing fruit’, RHB notesRHB on Tuesday (Jul 23) raised its target price on UOB to S$32 from S$30.10...
Singapore stocks rise at Tuesday’s open amid global rebound; STI up 0.5%
Singapore stocks rise at Tuesday’s open amid global rebound; STI up 0.5%
July 23, 2024
SINGAPORE stocks opened higher on Tuesday (Jul 23) following overnight gains in overseas markets after a shaky end last week. The Straits Times Index (STI) headed up 0.5 per...
Seatrium bags S0 million in repair and upgrades projects 
Seatrium bags S$180 million in repair and upgrades projects 
July 23, 2024
OFFSHORE and marine specialist Seatrium has secured S$180 million worth of contracts to repair and upgrade various kinds of vessels, said the company on Tuesday (Jul 23). All the...
As M&A volumes pick up steam, more companies eager to take on debt and risk
As M&A volumes pick up steam, more companies eager to take on debt and risk
July 22, 2024
A NEW wave of multibillion-dollar merger and acquisition (M&A) deals suggests that corporations are once again comfortable with taking on debt and, more significantly for investors, taking on risk...
US dollar gains slightly on safe-haven bids after Biden ends re-election campaign
US dollar gains slightly on safe-haven bids after Biden ends re-election campaign
July 22, 2024
THE greenback was slightly higher on Monday (Jul 22), capturing some safe-haven flows, as investors digested US President Joe Biden’s decision to end his re-election campaign, which is expected...
Ryanair quarterly profit plummets as customers baulk at higher fares
Ryanair quarterly profit plummets as customers baulk at higher fares
July 22, 2024
The airline is struggling to sell its higher-priced tickets after removing lower-priced fares for last-minute ordersLOW-COST carrier Ryanair’s profits slumped by almost half in the three months to the...
Fitch rates Astrea 8 Class A-1 bonds ‘A+sf’, Class A-2 ‘Asf’
Fitch rates Astrea 8 Class A-1 bonds ‘A+sf’, Class A-2 ‘Asf’
July 22, 2024
About US$573 million from the amount raised has been used to partially repay existing loansFITCH Ratings has assigned final ratings of “A+sf” and “Asf” to Astrea 8 Class A-1...
LVMH’s L Catterton buys outlet malls stake in £1.5 billion deal
LVMH’s L Catterton buys outlet malls stake in £1.5 billion deal
July 22, 2024
L CATTERTON, the private equity firm backed by French luxury fashion house LVMH Moet Hennessy Louis Vuitton, has agreed to buy Hammerson Plc’s stake in outlet mall landlord Value...
Brokers’ take: RHB raises ST Engineering target on upbeat dividend, profit growth
Brokers’ take: RHB raises ST Engineering target on upbeat dividend, profit growth
July 22, 2024
This comes after the group increases its commercial aerospace capabilities with new contractsRHB Research has lifted its target price on ST Engineering by 11.1 per cent to S$5 from...
CapitaLand India Trust completes 6.8-billion-rupee acquisition of Navi Mumbai office building
CapitaLand India Trust completes 6.8-billion-rupee acquisition of Navi Mumbai office building
July 22, 2024
CAPITALAND India Trust (Clint) has completed the acquisition of an office building located in Navi Mumbai, India for 6.8 billion rupees (S$110 million).This increases Clint’s total completed floor area...