Lifestyle
Brokers’ take: Maybank downgrades PropNex to ‘hold’, sees limited upside as property deals slow
MAYBANK downgraded PropNex to “hold” from “buy” and lowered its target price by 18.3 per cent to S$0.94 from S$1.15, as it sees limited upside on the stock. The...
Shell’s US solar unit launches asset sale: sources
SHELL’S United States solar business Savion has put around a quarter of its assets up for sale, according to a marketing document and industry sources, as the oil major...
UOB’s Wee clan, Singapore’s richest banking dynasty, grapples with succession
BUILDING a multibillion-dollar empire is one thing. Keeping it in the family is another matter. By the time Wee Cho Yaw died earlier this month at 95, his five...
Universal Music Group targets 250 million euros in savings by 2026, flags job cuts
UNIVERSAL Music Group (UMG) will cut jobs and streamline operations to save 250 million euros (S$365 million) by 2026, the company said on Wednesday (Feb 28), a month after...
First Resources H2 profit falls 62.5% on palm oil price downturn
FIRST Resources posted a 62.5 per cent drop in net profit to US$73.9 million for its second half year ended December, from US$197.2 million in the previous corresponding period....
ST Engineering H2 profit rises 19.9% to S$305.9 million
SINGAPORE Technologies Engineering’s (ST Engineering) net profit for the second half ended Dec 31, 2023, rose 19.9 per cent to S$305.9 million from S$255 million in H2 FY2022. On...
Rolex sales top US$10 billion as luxury watchmaker gains ground, Morgan Stanley says
ROLEX sales crested US$10 billion for the first time as the top Swiss watch brand gained market share, according to a report by Morgan Stanley. The dominant Swiss luxury...
HP reports sales that miss estimates with PC slump dragging on
HP REPORTED quarterly revenue that missed estimates, battered by the ongoing slump in personal computer (PC) sales. Revenue declined 4.4 per cent to US$13.2 billion in the period ended...
