Real Estate
Companies like DBS, ST Engineering are buying back their shares. Are there downsides?
THIS month, the board of DBS set up a S$3 billion share-buyback programme, which involves purchasing its own shares from the open market. When these shares are cancelled, the...
Aircraft lessors buckle up for continued turbulence as players consolidate, struggle to scale up
World’s No. 2 lessor sees further M&A amid acute undersupply of planes in Asia in next two to three yearsTHE benefits of scale and the impact of consolidation will...
Japan Foods sinks into the red with H1’s S$1.6 million net loss on higher operating costs
JAPAN Foods logged a S$1.6 million net loss for its first half ended Sep 30, versus a profit of S$81,000 for the same period in the year prior. This came...
DBS share buyback raises questions on capital management as counter hits all-time high
The buyback follows the move by Singapore’s largest lender to issue bonus shares in February to return capital to shareholdersDBS has been active on the capital-management front in recent...
StarHub’s Q3 earnings rise 11.1% to S$40.4 million
STARHUB posted a net profit of S$40.4 million for its third quarter, up 11.1 per cent from S$36.4 million in the year-ago period.Despite the rise in earnings, revenue for...
Dutch lender ABN Amro’s Q3 profit beats estimates on strong interest income, fees
ABN Amro reported a smaller-than-expected fall in third-quarter profit on Wednesday (Nov 13), driven by sustained improvement in net interest income (NII) and strong performance of fees, the Dutch...
SoftBank to get first new Nvidia chips for Japan supercomputer
SOFTBANK Group will be the first Nvidia customer to build a supercomputer based on the chipmaker’s new Blackwell design, a move to meet growing demand in a country eager...
Yoma’s H1 net loss deepens to US$11 million on forex headwinds
YOMA Strategic posted a net loss of US$11 million for the first half ended September 2024, widening from its US$2.5 million loss in the previous corresponding period due to...
