News

January SGX volume up 27% to $1.2b

January SGX volume up 27% to $1.2b

Market turnover value of structured warrants and DLCs surged 94% MoM.

DBS expects $1.4b net profit for Q4 2019: analyst

Quarterly earnings report will be out by 13 February.

NetLink NBN Trust's profit up 9.6% to $21.5m in Q3

Residential connections revenue rose, accounting for 64.1% of the total figure.

Grocery stores rush to steady supply as outbreak alert level rises

FairPrice has already imposed purchase limits to prevent customers from stockpiling.

Condo resale prices up 2.3% in January

RCR condo resale prices led the increase as it grew 2.6%.

Sembcorp industries tapped to build floating solar farm

It will be used to power PUB’s water treatment processes.

UOB shuts China outlets over nCov

A small number of staff will remain in Shanghai and Beijing for customer service.

OUE acquires majority stake in Indonesia-based coffee chain operator

Maxx Coffee will become an indirect subsidiary of the group.

Daily Markets Briefing: STI down 0.58%

Medtecs International led the gains amongst top active stocks with a 7.77% expansion.

SIA Engineering profits rose 1.3% in Q3 to $16.1m

A stronger performance by the parent company expanded quarterly profits.

ST Engineering to form JV with Vietnam Airlines

The JV will focus on providing airframe MRO services.

Olam International posts one-time post-tax gain of $72m

It came from its various divestments, including its real estate assets in California.

ST Engineering, Wilhelmsen Ship Services to develop unmanned shore-to-ship parcels

The former will provide flight tests and development services for system integration. ST Engineering and Norway-based Wilhelmsen Ships Services (WSS) will be developing and testing solutions for Beyond Visual Line of Sight (BVLOS) unmanned shore-to-ship parcels in Singapore, according to a news release. For this venture, ST Engineering will provide flight tests and technology development services for system integration and solution prototyping. Key technologies include precision landing on-board ship vessel’s metallic platform, non line-of-sight datalink and parcel delivery authentication and release system. The project will receive funding as part of the call for proposal by the Civil Authority Aviation of Singapore (CAAS) and the Singapore Ministry of Transport. In 2018, ST Engineering inked a memorandum of understanding (MOU) with CAAS to facilitate the development of BVLOS Unmanned Aircraft Systems (UAS) in the country. In January 2019, DroNet, an end-to-end solution that uses advanced unmanned technologies through a network system to carry out specific tasks or services, was granted the first BVLOS permit for trial operations in Singapore.  

More than 70 aviation firms pull out from Singapore Airshow

The airshow will push through amidst companies’ withdrawals.

Frasers Property's retail unit acquires manager of 6 retail malls and 1 office tower

AsiaMalls Management will become a subsidiary of Frasers Property Retail.

Over half of Singaporeans want digital banks to offer non-financial features

But they would still keep traditional banks as their primary bank.