, Singapore

Daily Briefing: SIA extends jet fuel hedging; Investors eye buyout premium in undervalued Singapore stocks

And here's what you need to know about financial literacy.

Singapore Airlines Ltd., Southeast Asia’s biggest carrier, extended some of its fuel-hedging contracts to as long as five years, betting on an upswing in crude oil prices amid OPEC production cuts and renewed tensions between the U.S. and Iran. The marquee airline, which reported a 36 percent drop in profit for the three months through December, said Tuesday that it has entered into longer-dated Brent hedges with maturity extending to 2022. Earlier, the company used to hedge only for a maximum period of 24 months, according to spokesman Nicholas Ionides. Read more here.

With more than half of Singapore equities trading below their net worth, some investors are chasing profits by buying shares in companies that may be bought out or delisted by controlling shareholders or takeover firms. “Investors are looking for takeover candidates because prices have come off significantly,” said Justin Tang, a director of global special situations at Religare Capital Markets in Singapore. “We may see an increase in delistings and takeovers this year because of this.” Click here for the full story.

These days, financial literacy is something that nobody can afford to take for granted. It is an essential life-skill that you need to be equipped with in order to make sound and informed financial decisions. And while many would associate financial literacy with only about basic money management such as making sure you don’t spend more than you earn, it’s actually much more than that. Financial literacy also encompasses other important issues such as financial planning for retirement or old age, managing your investments and even ensuring you have sufficient insurance coverage. Go to this link to know more. 

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