SPH Reit income soars, driven by fast-paced Australian mall recovery

30 Mar 2021 - Singapore Business Review
Singapore assets gross revenue fell due to the pandemic rental relief, but other parts of the portfolio helped to keep spirits high. SPH Reit’s net income grew by 2.6% to $78.05m in the first half of its 2021 financial year, compared to $76.07m in the same period last year. Meanwhile, gross revenue for ...
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SPH modernises wireless networks amidst digital transformation efforts

10 Feb 2021 - Singapore Business Review
The networks aim to support 4,000 employees daily. Singapore Press Holdings (SPH) will modernise its wireless networks to support 4,000 employees daily as part of its active digital transformational efforts. The network modernisation will happen by means of a comprehensive and flexible Wi-Fi coverage ...
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Strategists expect Asian equity rally in 2021

9 Feb 2021 - The Business Times
THE market rally in Asia in the first five weeks of 2021 is not "overexuberance"; it has fundamental underpinnings, and legs to run further. These were investment strategists' views shared at The Business Times Market Outlook 2021's webinar on Tuesday, which sought to identify key investment themes for ...
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Singapore stocks post modest gains after Wall Street rally, STI up 0.13%

9 Feb 2021 - The Business Times
SINGAPORE shares eked out modest gains on Tuesday as Wall Street indices - propelled by continued positive sentiment on additional stimulus - hit fresh records on Monday. The Straits Times Index (STI), which dipped into negative territory in the afternoon session, recovered to close at 2,935.27, up marginally ...
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SGX records 12th straight month of SDAV growth in January

9 Feb 2021 - The Business Times
THE Singapore Exchange (SGX) reported its 12th consecutive month of securities daily average value (SDAV) growth as investors weighed the outlook for a post-pandemic global economic recovery. In its latest market statistics update on Tuesday, the bourse said SDAV for January 2021 climbed 22 per cent ...
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Broker's take: UOBKH downgrades iFast to 'sell', maintains S$5.12 TP

9 Feb 2021 - The Business Times
UOB Kay Hian (UOBKH) has downgraded its recommendation on iFast Corporation to "sell" from "hold" on valuation grounds. The brokerage maintains its target price for iFast at S$5.12, which is based on a valuation peg of 40.3 times FY2021 price-to-earnings (P/E), or two standard deviation points above ...
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Broker's take: UOBKH downgrades iFast to 'sell', maintains S$5.12 target

9 Feb 2021 - The Business Times
UOB Kay Hian (UOBKH) has downgraded its recommendation on iFast Corporation to "sell" from "hold" on valuation grounds. The brokerage maintains its target price for iFast at S$5.12, which is based on a valuation peg of 40.3 times FY2021 price-to-earnings (P/E), or two standard deviation points above ...
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Singapore stocks open higher for sixth straight session; STI up 0.8%

9 Feb 2021 - The Business Times
SINGAPORE shares opened higher on Tuesday for the sixth day running after Wall Street hit fresh records on Monday on hopes for additional stimulus. The Straits Times Index (STI) was up 0.8 per cent or 22.55 points at 2,953.95 as at 9.03am. Gainers outnumbered losers 130 to 29, after 139.6 million securities ...
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Stocks to watch: SGX, Yangzijiang, ART, HPHT, Thomson Medical

9 Feb 2021 - The Business Times
THE following companies saw new developments that may affect trading of their securities on Tuesday: Singapore Exchange (SGX): The bourse and its wholly-owned subsidiary Asian Gateway Investments on Monday entered into an agreement to incorporate a joint-venture company in Singapore that will launch ...
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Panasonic eyes region to expand consumer business

9 Feb 2021 - The Business Times
Singapore PANASONIC Corp is eyeing Vietnam, Malaysia, Thailand, and Indonesia as the key markets to drive the growth of its consumer business in the region, banking on a rising middle class and nagging concerns over air quality in South-east Asia. "Home, wellness and automotive are... To continue reading ...
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