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Chart of the Day: Top 5 IT stocks hit average return of 26.6% in January

18 Feb 2019 - Singapore Business Review
Creative Technology recorded a 46.2% return in January YTD. This chart from the Singapore Exchange (SGX) shows that Singapore’s top five information technology (IT) performers saw average an average return on 26.6% in 2019 YTD. Their 1Y and 3Y total returns were 63.4% and 146.1%, respectively. Tech firm ...

CIMB Research retains Reduce, unchanged TP for Maxis

18 Feb 2019 - The Star Online
KUALA LUMPUR: CIMB Equities Research is maintaining its Reduce call for Maxis Bhd and unchanged target price at RM5.10. It said on Monday it cut the telco’s FY19/20F earnings before interest, tax, depreciation and amortisation (Ebitda) by 1.5%/2.0% and a larger 8.2%/11.1% for core EPS, mainly due to ...

Axiata's M1 sale provides timely capital for future investment

18 Feb 2019 - The Star Online
KUALA LUMPUR: Axiata Group Bhd 's exit from M1 Ltd for RM1.65bil to Konnevtivity Pte Ltd will allow the group to make a profit and redeploy the capital to fund its capex. In a research note on Monday, Affin Hwang Capital research said it is positive on the deal, which largely falls within its expectations.
klse:6888 sgx:b2f

Axiata accepts takeover offer for Singapore's M1 at RM1.65b

15 Feb 2019 - The Star Online
KUALA LUMPUR: Axiata Group Bhd has accepted the general offer for its 28.67% stake in Singapore's M1 Ltd which will see it netting a gain of RM126.45mil on disposal of the shares. Analysts had said Axiata would have to accept the offer unless it was able to find a partner to fund a counterbid since M1 ...
klse:6888 sgx:b2f

Developer sales fell 17.8% to 433 units in January

15 Feb 2019 - Singapore Business Review
The anticipation towards CNY may have held back developers from launching major projects. Developer sales momentum weakened leading up to Chinese New Year, dropping 17.8% YoY to 433 units in January compared to the 527 units sold in 2017, according to the Urban Redevelopment Authority (URA). Of the 434, ...

NODX edged up 4.2% in 2018

15 Feb 2019 - Singapore Business Review
The growth was driven by the 8.2% increase in non-electronic NODX. Non-oil domestic exports (NODX) extended its positive performance in 2017 as it inched up 4.2% YoY in 2018 as higher exports of non-electronic NODX eclipsed the decline in electronics, Enterprise Singapore (ESG) revealed. Non-electronic ...

Ascendas ties up with Japan's Mitsui to operate two Shanghai office buildings

15 Feb 2019 - Singapore Business Review
The firms will oversee the development and upgrading of both buildings. Urban development company Ascendas-Singbridge Group inked a deal with Japanese investment firm Mitsui to jointly own and operate Ascendas Innovation Place and Ascendas Plaza in Shanghai. The firms will work on the development and ...

Here's why robots won't take your job

15 Feb 2019 - Singapore Business Review
Human resources is still a critical component of Singapore’s Smart City vision. With the Lion City pushing forward with its vision to become a Smart Nation, it is no question that the rise of artificial intelligence (AI) and automation has caused jitters amongst employees, particularly those in administrative ...

Daily Briefing: ofo ordered to remove Singapore bikes after license suspension; SGD succumbs to near six-month low against MYR

15 Feb 2019 - Singapore Business Review
And GIC leads $170.46m funding for Chinese biotech firm Burning Rock. From Channel News Asia: The Singapore dollar fell to a near six-month low against the Malaysian ringgit as the neighbouring country’s currency was boosted amidst Malaysia’s announcement that economic growth rose in Q4. Bloomberg data ...

Chart of the Day: Top 5 FTSE China stocks hit average returns of 17.9% in January

15 Feb 2019 - Singapore Business Review
Water utilities firm SIIC environment recorded a 21.8% return in January YTD. This chart from the Singapore Exchange (SGX) shows that the FTSE China Index’s five best performers saw average returns of 17.9% YTD in January. Their 1Y and 3Y returns hit -22.2% and 83.7%, respectively. Water utilities firm ...