Real Estate

OCBC Q4 net profit rises 12% to S.62 billion; declares Salt=
OCBC Q4 net profit rises 12% to S$1.62 billion; declares S$0.42 final dividend
February 27, 2024
OCBC’s net profit for the fourth quarter ended Dec 31, 2023 gained 12 per cent to S$1.62 billion from S$1.44 billion a year prior, driven by a 2 per...
Beyond Meat tops revenue estimates, plans ‘steep’ cost cuts in 2024; shares soar
Beyond Meat tops revenue estimates, plans ‘steep’ cost cuts in 2024; shares soar
February 27, 2024
BEYOND Meat on Tuesday topped market expectations for fourth-quarter revenue on resilient demand for its faux meat patties in key markets outside the United States, and said it would...
eBay reports strong holiday quarter, expands buyback plan
eBay reports strong holiday quarter, expands buyback plan
February 27, 2024
EBAY posted a strong holiday quarter, giving investors fresh hope that the company can boost profits following steep job cuts. The company also added US$2 billion to an existing...
Apple’s EV wind down offers reprieve to Tesla and Detroit rivals
Apple’s EV wind down offers reprieve to Tesla and Detroit rivals
February 27, 2024
THE sudden demise of Apple’s electric vehicle (EV) programme is a bleak sign for the car market. It may be a boon for automakers themselves. Tesla and Detroit’s automakers...
Yangzijiang Shipbuilding H2 net profit rises 64.7% on gross profit margin increase
Yangzijiang Shipbuilding H2 net profit rises 64.7% on gross profit margin increase
February 27, 2024
YANGZIJIANG Shipbuilding on Tuesday (Feb 27) reported net profit of 2.4 billion Chinese yuan (S$443.2 million) for the second half of the financial year ended Dec 31, 2023, up...
Food Empire H2 net profit falls 9.6%, but full-year revenue at new high of US5.7 million
Food Empire H2 net profit falls 9.6%, but full-year revenue at new high of US$425.7 million
February 27, 2024
FOOD and beverage manufacturer Food Empire Holdings posted a 9.6 per cent decline in net profit to US$29.8 million for its second financial half ended Dec 31, 2023, from...
Yanlord records H2 loss of 2 billion yuan; FY23 ‘exceptionally unusual’ with China’s real estate credit crisis, CEO says
Yanlord records H2 loss of 2 billion yuan; FY23 ‘exceptionally unusual’ with China’s real estate credit crisis, CEO says
February 27, 2024
CHINESE property developer Yanlord Land Group sank into the red with a net loss of two billion Chinese yuan (S$378.9 million) in the fiscal second half ended Dec 31,...
US: Wall St opens flat as traders brace for economic data
US: Wall St opens flat as traders brace for economic data
February 27, 2024
WALL Street’s main indexes opened flat on Tuesday (Feb 27) as investors awaited a crucial inflation report and other economic data that would shape expectations for interest-rate cuts and...
Delfi H2 net profit down 14.1%; special dividend proposed on rising confidence, strong net sales
Delfi H2 net profit down 14.1%; special dividend proposed on rising confidence, strong net sales
February 27, 2024
CHOCOLATE confectionery company Delfi on Tuesday (Feb 27) posted a net profit of US$21.1 million for the six months ended Dec 31, 2023, marking a 14.1 per cent decrease...
US dollar edged lower ahead of economic data, yen rises
US dollar edged lower ahead of economic data, yen rises
February 27, 2024
THE US dollar struggled for direction on Tuesday (Feb 27) ahead of key data that could provide further clues about the Federal Reserve’s policy path, while the yen rose...