News

Daily Markets Briefing: STI up 0.28%; Top stock is OCBC Bank

OCBC Bank is the top stock with a 1.43% increase.

iFAST Singapore launches China desk to meet Chinese investor needs

The new desk will be established in Singapore and Hong Kong.

XMH Holdings' profit surges by 95% to $12.6m in H1 2024

Its revenue stood at approximately $66.9m, reflecting a 5.8% decline.

Renaissance United records net loss for H1 2024

Its revenue also declined by 1.2% to $35.8m.

EQT completes acquisition of PropertyGuru

PropertyGuru will now operate as a privately held company.

Nearly half of SG employees still 'uncomfortable' to admit AI use

Despite this, 88% feel an urgency to become an AI expert.

AA REIT advances key sustainability initiatives

They have also reaffirmed their commitment to ESG targets.

UOB taps Leong Yung Chee as new CFO

The appointment will take effect on 22 April 2025.

SMF, AET ink MoU on SG’s maritime talent development

AET will sponsor four scholarships and two internships a year from 2025 to 2027.

CLI acquires Australian investment firm Wingate for $173m

The acquisition will boost CLI’s FUM in Australia by over 30%.

Johor-Singapore SEZ signing delay creates uncertainty for SMEs

Postponed signing prompts a wait-and-see approach.  

Multi-user factory segment drives growth in industrial REITs

The segment is expected to see the strongest rental growth of 18%.

PeakBayou acquires 91.06% of AMOS’ issued shares

This represents an aggregate of 189 million shares from Amos.

Miyoshi Limited to sell Malaysia property for $4.27m

The group expects a gain of about $1.7m from the disposal.

SAM Holdings forms strategic review committee amidst continuing net loss

Returns from its proton beam therapy have been slower than expected.