News
Amber Park sold over three fourths of units for $240m in weekend launch
Amber Park sold over three fourths of units for $240m in weekend launch
The early bird average selling price was at $2,425 psf.
Singapore to repatriate $35m of 1MDB funds to Malaysia
The money was surrendered by former Goldman Sachs banker Roger Ng.
Share buybacks plummeted 69.23% to $36m in April
OCBC bought back $25.56m worth of shares. Share buybacks by SGX-listed firms crashed 69.23% YoY to $36m in April from $117m a year ago, according to the local bourse. The transactions in April were one-third lower compared to the $53.5m buyback considerations in March. OCBC led the monthly buyback spree, re-purchasing $25.56m worth of shares. This was followed by Keppel REIT ($2.67m), Hong Fok Corporation ($2.18m), Global Investments ($1.97m), and Stamford Land ($1.11m) that rounded up the top five in April
StarHub's profits fell 14.2% to $54m in Q1
It blamed lower revenues from mobile and Pay TV.
Singapore may soon allow virtual banks: DBS CEO
Gupta, however, believed that they may not pose a significant threat.
Daily Markets Briefing: STI down 0.03%
Don’t expect gains today.
Daily Briefing: HDB builds 10-ha park in Bidadari estate; SGX-listed environmental firm 800 Super Holdings to go private
And Hootsuite is closing its Singapore office.
Chart of the Day: Non-REIT small cap stocks average YTD return hits 12% in April
Food firm QAF saw the highest returns of 43.6%.
Hyflux discloses identity of potential Middle East white knight
Utico is the largest private full service utility and developer in UAE.
DBS enhances customer service touchpoints
It retrained over 500 employees and opened new roles including video biometrics specialists and live chat agents.
Frasers Property's H1 profit jumped 37.2% to $265.99m
Contributions from Frasers Tower and the south wing of Northpoint City boosted earnings.
Great Eastern Holdings' profits soar 124% to $342.7m in Q1
Gross premiums rose 6% thanks mySalam Scheme contributions.
Sembmarine Q1 profit plunges 67.8% to $1.7m
The absence of large scale contracts slashed revenue from offshore platforms to $15m.
Can CapitaLand redeem itself with its China and Vietnam business?
Around 60% of the 7,800 units sold in China for around $2.55b will be recognised in H2.
Banks turn to corporates for loan boost as mortgages weaken
Housing loan limits granted in Q1 fell to its lowest since Q4 2015 around $7.3b.
honestbee co-founder and CEO Joel Sng steps down
The position will be taken over by investor, Brian Koo.
ARA US Hospitality Trust prices IPO at US$0.88 per share
It is looking to raise US$498m.
Commentary
Singapore’s family offices: Time to professionalise or risk falling behind
Liquidity crucial to stock market reform