Real Estate
Sheng Siong H2 profit climbs 3.6% as finance income doubles
SUPERMARKET chain Sheng Siong on Tuesday (Feb 27) reported a 3.6 per cent increase in net profit to S$68.3 million for the second half of 2023, from S$65.9 million...
Jardine Cycle & Carriage H2 underlying profit rises 0.5% to US$576.8 million
The group uses underlying profit, as opposed to net profit, in its internal financial reporting, to distinguish between ongoing business performance and non-trading items. In a footnote, the group...
Jardine Cycle & Carriage H2 underlying profit rises 0.5% to US$576.8m
JARDINE Cycle & Carriage (JC&C) posted an underlying profit of US$576.8 million for the second half ended Dec 31, 2023, a 0.5 per cent increase from the year-ago period,...
UOL posts 374% leap in H2 profit to S$572.7m on gains from Parkroyal Kitchener sale
REAL estate group UOL has announced a 373.9 per cent leap in net profit to S$572.7 million for its fiscal second half ended Dec 31, 2023, on a S$442.3...
Li Auto jumps 25% as earnings withstand China EV price war
LI AUTO shares soared in Hong Kong after upbeat earnings showed the electric-vehicle maker is showing promise in China’s hyper-competitive market. The stock rose 25 per cent on Tuesday...
Alibaba’s South Asian e-commerce giant Daraz announces layoffs in memo
ALIBABA-owned e-commerce platform Daraz Group has announced layoffs across the group to “adopt a more streamlined and agile structure”, acting chief executive officer James Dong said on Tuesday (Feb...
Malaysian ringgit undervalued, central bank says
MALAYSIA’S central bank on Tuesday (Feb 27) said the ringgit currency, which briefly hit a 26-year-low last week, is undervalued and should be trading higher on account of the...
Malaysia ringgit undervalued, should be trading higher, says central bank governor
MALAYSIA’S central bank on Tuesday (Feb 27) said that the ringgit, which briefly hit a 26-year-low last week, is undervalued and should be trading higher on account of the...
