News
RHB upgrades FY25–27 outlook for DFI and Sheng Siong
RHB upgrades FY25–27 outlook for DFI and Sheng Siong
These results reinforce RHB’s OVERWEIGHT rating on the sector, with analysts pointing to its defensive positioning.
Daily Markets Briefing: STI down 0.15%; Top stock is DBS
DBS is the top stock with a 0.58% increase.
Singapore retail sales rise 1.4% in May with vehicle boost
Whilst this marked an improvement from April’s modest 0.2% growth, driven by the motor vehicle segment.
Singapore F&B sales hit $1.0b in May with steady demand
This marked a 1.4% increase compared to a year ago, with online orders making up more than a quarter of all F&B transactions.
Singapore companies adopt AI widely with limited oversight: report
Only 53% of Singapore leaders reported having moderate to strong safeguards to protect AI systems from risks.
YHI International incorporates joint venture in China for property services
SZYKZY has a share capital of $889,650 (RMB 5m).
Weave Suites - Midtown at Jalan Sultan on sale via EOI for $105m
The EOI exercise will close on 13 August.
Tokenisation of bank assets could boost liquidity and risk management in FX
But the industry must address the potential fragmentation of the liquidity pool.
Oiltek in talks with SEDC Energy for possible role in SAF pilot programme
The plant has an initial size of 15 KTA.
Startup funding dips 4.29% MoM in June
Startups raised $254m in June, down from $265m in May.
Singapore, UK deepen joint efforts on asset tokenisation
It aims to drive greater adoption of tokenised assets in both markets.
Demand shifts away from the resale market amidst anticipated launches
5,500 BTO flats are expected to be rolled out across various towns.
Sanli Environmental seeks $4m in placement round
The issue price is at $0.12 per share.
Neil Road shophouses up for sale
The four-story property spans approximately 11,441 square feet.
Thakral-backed GemLife posts strong 4.1% gain in ASX debut
The company’s first day trading volume stood at 9.12 million.
COTD: GCB prices highly volatile amidst thin trading in H1
On a half-yearly basis, the average unit price stood at $2,242 per square foot.
Alibaba Cloud marks 10 years in SG with AI and infra boost
The company launched its first AI Global Competency Centre in Singapore.
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Commentary
Liquidity crucial to stock market reform
From ownership to access: Unlocking vehicle productivity in Singapore
Why Singapore schools need AI policies now: A chemistry teacher’s warning