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SATS unveils contactless dining experience

19 Feb 2021 - Singapore Business Review
Diners can pre-order popular dishes through a mobile website. SATS has launched a contactless dining concept for the Singapore General Hospital to showcase the company’s culinary expertise and digital capabilities amidst the slowdown in the recovery of the aviation industry. Diners can now taste SATS’ ...
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ComfortDelGro recovery underway: analysts

18 Feb 2021 - Singapore Business Review
The group recorded a net profit of $61.8m for 2020. ComfortDelGro (CDG) has recorded a net profit of $46.1m in Q4 2020, bringing the full-year net profit to $61.8m, with lower revenue and impairments offset by government reliefs in the full year. The research team at OCBC Investment Research (OIR) is ...
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Mapletree Logistics Trust to acquire five South Korea logistics properties

17 Feb 2021 - Singapore Business Review
The proposed acquisition is priced at $334.8m. Mapletree Logistics Trust (MLT) is set to acquire five logistics assets in South Korea for $334.8m (KRW 280b) as it aims to strengthen its portfolio and competitive positioning in the country through the addition of modern, high-quality assets, the company ...
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Chinese tech firms to alleviate consolidation of office spaces

16 Feb 2021 - Singapore Business Review
Companies are still evaluating their long-term real estate space requirements. Office property activity may be revived as Chinese technology companies gain entry and expand in Singapore, according to OCBC. The firm said Chinese technology entering Singapore market could alleviate some pressure from the ...
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Singtel 3Q FY21 revenue dips by 3%

15 Feb 2021 - Singapore Business Review
But it increased by 9% QoQ. Singtel’s operating revenue fell by 3% YoY in 3Q FY21, according to OCBC. However, revenues increased by 9% QoQ that was driven by higher equipment sales revenue on festive promotions and strong demand for popular premium handsets though it was offset by the national broadband ...
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Singaporeans trust robots more when it comes to money

11 Feb 2021 - Singapore Business Review
Drastic changes in the finance profession may be imminent. Will robots be handling your finances in the future? Seven out of 10 Singaporeans have more faith in robots than their fellow men, a study by Oracle found. According to a study, the pandemic has created financial anxiety and stress, with Singaporeans' ...

DBS touts new business platforms for 2021 as Q4 net profits fall 33%

10 Feb 2021 - Singapore Business Review
Net interest income is 6% lower in FY2020 than the previous year. DBS’ chief has highlighted the banks new “growth platforms” with a focus on bolstering its position in key markets and its position as a digital finance leader, as the bank saw its net profit and interest income dive for the fiscal year ...
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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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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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Broker's take: UOBKH downgrades iFast to 'sell', maintains S$5.12 TP

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