Real Estate

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...
Sheng Siong H2 profit climbs 3.6% as finance income doubles
Sheng Siong H2 profit climbs 3.6% as finance income doubles
February 27, 2024
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 US6.8m
Jardine Cycle & Carriage H2 underlying profit rises 0.5% to US$576.8m
February 27, 2024
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,...