Higher

ValueMax H2 profit rises 44.4% to S.8 million on higher revenue
ValueMax H2 profit rises 44.4% to S$27.8 million on higher revenue
February 20, 2024
VALUEMAX on Tuesday (Feb 20) posted a 44.4 per cent rise in net profit to S$27.8 million for the second half of 2023 ended December, from S$19.2 million in...
Sembcorp executives guide for higher dividends, earnings as H2 profit rises 15% to S2 million
Sembcorp executives guide for higher dividends, earnings as H2 profit rises 15% to S$412 million
February 20, 2024
SEMBCORP Industries posted a 15 per cent year-on-year rise in net profit to S$412 million for the second half of its financial year ended Dec 31, 2023. This was...
Sri Trang Gloves Q4 net loss widens 10.1% despite higher revenue
Sri Trang Gloves Q4 net loss widens 10.1% despite higher revenue
February 16, 2024
GLOVE maker Sri Trang Gloves (Thailand) reported on Friday (Feb 16) a 10.1 per cent increase in net loss for the fourth quarter, despite higher sales volume and revenue....
Swiss Re’s full-year profit soars on higher interest rates
Swiss Re’s full-year profit soars on higher interest rates
February 16, 2024
SWISS Re’s net income rose to US$3.2 billion in 2023, driven by higher underwriting margins and interest rates. The profit was in line with estimates and resulted in a...
STI ends 1.4% higher on broad optimism, Budget boost
STI ends 1.4% higher on broad optimism, Budget boost
February 16, 2024
SINGAPORE shares extended the previous day’s gains on Friday (Feb 16), staying in positive territory throughout the trading session, including during Finance Minister Lawrence Wong’s Budget 2024 speech. The...
CICT’s lower DPU, higher gearing since pandemic may have some investors questioning its strategy
CICT’s lower DPU, higher gearing since pandemic may have some investors questioning its strategy
February 14, 2024
AN AWKWARD question came up during the CapitaLand Integrated Commercial Trust (CICT) financial results briefing last week. One analyst pointed out that CICT’s distribution per unit (DPU) of 10.75...
Wall St opens higher after selloff as traders reassess rate bets
Wall St opens higher after selloff as traders reassess rate bets
February 14, 2024
WALL Street’s main indexes opened higher on Wednesday (Feb 14), recovering from a selloff in the previous session after a hot inflation report clouded the timing for the Federal...
Indebted small to mid-cap listcos face bigger dilemma in higher rates environment than larger counterparts
Indebted small to mid-cap listcos face bigger dilemma in higher rates environment than larger counterparts
February 11, 2024
SINGAPORE-listed companies with high gearing levels and debt are feeling the strain of a higher-for-longer interest rate environment, but the pain – including margin pressures – could be deeper...
Hershey says ‘historic’ cocoa inflation could push prices higher
Hershey says ‘historic’ cocoa inflation could push prices higher
February 8, 2024
COCOA prices are climbing fast, and Hershey Co may continue raising prices to keep up. Prices for the all-important ingredient are reaching “historic” levels, chief executive officer Michele Buck...
US: Wall St opens higher; earnings, policy outlook in spotlight
US: Wall St opens higher; earnings, policy outlook in spotlight
February 7, 2024
WALL Street opened higher on Wednesday (Feb 7), with the S&P 500 hitting a fresh record high, boosted by megacap and chip stocks, while investors assessed major corporate earnings...