The GameStop reckoning was a long time coming

30 Jan 2021 - The Business Times
THIS week, the biggest story in the financial markets is the absurdist, pretty-sure-I-hallucinated-it drama involving GameStop, a struggling video game retailer that became the rope in a high-stakes tug of war between Wall Street suits and a crusading Internet mob. The simplest explanation for what happened ...
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SGX, Temasek JV partners Covalent Capital for end-to-end digital infrastructure

29 Jan 2021 - The Business Times
MARKETNODE, the joint venture between Singapore Exchange (SGX) and Temasek announced last week, has entered into a partnership with fixed income issuance and data company, Covalent Capital. In an exchange filing on Friday, SGX said Marketnode will acquire a minority stake in Covalent as part of the partnership. ...
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Singapore stocks fall on Friday to end week in the red; STI down 0.6%

29 Jan 2021 - The Business Times
SINGAPORE stocks closed lower on Friday to end a second week in the red, amid a broader decline across the Asia-Pacific region. The benchmark Straits Times Index (STI) fell 0.6 per cent or 17.78 points on Friday to 2,902.52. For the week, the STI was down 3 per cent or 89.01 points. "The mood has become ...
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Broker's take: DBS raises iFast TP to S$6.40 on strong earnings projections

29 Jan 2021 - The Business Times
EVEN with iFast's ongoing rally that sparked a query from the Singapore Exchange earlier this month, DBS Group Research thinks the wealth management platform's share price has room to run further. The research house has bullishly raised its target price on the counter to S$6.40 from S$3.96, on belief ...
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Singapore stocks open higher on Friday; STI up 0.7%

29 Jan 2021 - The Business Times
SINGAPORE shares opened in positive territory on Friday following Wall Street's partial rebound from its previous decline. The Straits Times Index (STI) advanced 0.7 per cent or 19.44 points to 2,939.74 as at 9am. Gainers outnumbered losers 133 to 24 after more than 126.7 million securities worth S$105.1 ...
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Stocks to watch: Keppel, ThaiBev, MNACT, ComfortDelGro, ST Engineering

29 Jan 2021 - The Business Times
THE following companies saw new developments that may affect trading of their securities on Friday: Keppel Corporation: It will be restructuring subsidiary Keppel Offshore & Marine (Keppel O&M) into a slimmer, more asset-light one. Keppel will to exit the offshore rig building business after completing ...
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Singapore, Asia markets tumble tracking losses on Wall Street; STI down 1.3%

28 Jan 2021 - The Business Times
STOCKS in Singapore and the Asia-Pacific tumbled on Thursday, tracking steep declines overnight in Wall Street. The benchmark Straits Times Index (STI) fell 1.3 per cent or 38.33 points to 2,920.30. Across the broader market, decliners outnumbered advancers 380 to 137, after 3.31 billion securities worth ...
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IPS owners makes voluntary conditional offer of 4.5 S cents a share to privatise firm

28 Jan 2021 - The Business Times
THE family-member owners of International Press Softcom (IPS) have made a voluntary conditional offer to delist and take it private at a final price of 4.5 Singapore cents for each share they do not own, said the printing and software package specialist in a bourse filing on Thursday. According to the ...
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Singapore stocks slide at Thursday's open; STI down 1.3%

28 Jan 2021 - The Business Times
SINGAPORE shares opened sharply lower on Thursday, following Wall Street's sell-off overnight. The Straits Times Index (STI) shed 39.09 points or 1.3 per cent to 2,919.54 as at 9am. Losers outnumbered gainers 165 to 22 after 126.84 million securities worth S$50.5 million changed hands. Artivision Tech ...
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Stocks to watch: Singtel, MCT, Keppel Infra Trust, Frasers Hospitality Trust

28 Jan 2021 - The Business Times
THE following companies saw new developments that may affect trading of their securities on Thursday: Singapore Telecommunications (Singtel): The telco's ratings outlook has been restored to "stable" by Moody's Investors Service, on analysts' hopes that lower shareholder returns will improve leverage. ...
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