Real Estate
Sumitomo Mitsui forecasts higher profit after Q4 profit surge, unveils stock split
Sumitomo Mitsui Financial Group (SMFG) reported a jump in fourth-quarter profit on Wednesday (May 15), beating expectations as it saw robust business overseas and solid demand at home, and...
HD Hyundai expands Asia business with Philippines shipbuilding deal
SOUTH Korea’s HD Hyundai Heavy Industries will set up operations in a former US naval base in the Philippines, an investment that may usher in the return of shipbuilding...
Brokers’ take: CGS downgrades Silverlake Axis to ‘hold’ as opex rises
CGS International has reduced its call on Silverlake Axis : 5CP 0% to “hold” from “add” with a lower price target of S$0.31 versus S$0.36 previously, as it anticipates...
Hot stocks: Index counters in the red after news of MSCI deletion
FIVE index counters were all trading lower as at the midday break on Wednesday (May 15) after they were named as constituents to be removed from the MSCI Singapore...
China’s central bank leaves key policy rate unchanged
CHINA’S central bank left a key policy rate unchanged when rolling over maturing medium-term lending facility (MLF) loans on Wednesday, in line with market expectations.The steady MLF rate shows...
Brazilian president dismisses Petrobras chief; US-listed shares tumble
THE chief executive of Brazilian state-run oil company Petrobras offered to step down on Tuesday, the company said, sending shares sliding as investors braced for the possibility of more...
Golden Agri Q1 profit falls 60% to US$37 million on weaker crude palm oil prices
Golden Agri-Resources’ (GAR) net profit for the first quarter ended March stood at US$37 million, down 60 per cent on the year amid continued weakness of crude palm oil...
Google executives hint that AR glasses are poised for a comeback
GOOGLE Glass — the augmented-reality headset that flopped with consumers a decade ago — is poised for a revival, thanks to artificial intelligence. Alphabet’s Google has struggled for years to...
