See More Articles Posted 18 Oct 2019 - evankoh

12 Nov 2019

9 hours ago

28 KAP Mall shop owners suing Oxley unit for misrepresentation


Singapore A GROUP of 28 shop owners who bought 19 units at the freehold strata KAP Mall has banded together to sue the developer Oxley Sanctuary, a subsidiary of Oxley Holdings, for alleged misrepresentation. The defendant denies the allegations and has named KAP's exclusive marketing and... To continue ...

The Business Timessgx:5uxsgx:t39

11 hours ago

Tencent should be split up


[TAIPEI] China's most ubiquitous company is hiding one of its most valuable assets. That needs to change. Tencent Holdings Ltd, best known for the WeChat messenger that almost everyone in the country uses, has a growing fintech business. But it's getting overshadowed by the games and social media divisions. ...

The Business Timesusx:mausx:vusx:ebaysgx:pu6dusx:pyplusx:squsx:babausx:sneusx:hsbchkex:700lse:0r9uhkex:5usx:hsebusx:hsea

13 hours ago

Stocks to watch: MCT, First Resources, Raffles Medical, UE, Bumitama, Vicom, KSH


THE following companies saw new developments that may affect trading of their shares on Tuesday: Mapletree Commercial Trust (MCT): MCT has raised S$460.5 million in gross proceeds from its preferential offering, which was 1.45 times subscribed, it said on Monday night. Some 205.6 million new units will ...

The Business Timessgx:s68sgx:p8zsgx:no4sgx:5tplse:mctusx:hcsgsgx:u05sgx:bslsgx:n2iusgx:eb5sgx:u04sgx:5absgx:v01klse:5182sgx:er0sgx:omksgx:axbsgx:f03

15 hours ago

MCT raises $460.5m in oversubscribed preferential offering


It will be used for the acquisition of Mapletree Business City (Phase 2). Mapletree Commercial Trust (MCT) has raised about $460.5m in a preferential offering of 205.59 million units priced $2.24 per unit, the company announced. MCT received a total of 298.89 million units, including excess applications ...

Singapore Business Reviewsgx:n2iusgx:s68lse:mctklse:5182

17 hours ago

DBS has solid Q3, but faces margin squeeze


Singapore SOUTH-EAST Asia's largest lender DBS will not be able to meet its 2019 net interest margin (NIM) growth forecast that it had guided for earlier, as the three interest rate cuts by the US Federal Reserve this year took the bank by surprise. In its third-quarter results briefing on Monday, DBS ...

The Business Timessgx:o39sgx:u11lse:feessgx:d05

19 hours ago

US-China trade doubts, HK unrest spook investors


SINGAPORE equities got the week off to a rough start after doubts surrounding US-China trade talks surfaced and tensions in Hong Kong were at fever pitch once again. The Straits Times Index (STI) could not shrug off those concerns despite better-than-expected earnings from DBS Group... To continue reading ...

The Business Timessgx:d05sgx:t39klse:0080

21 hours ago

Mapletree Commercial Trust's preferential offering 1.45 times subscribed


MAPLETREE Commercial Trust (MCT) has raised S$460.5 million in gross proceeds from its preferential offering, which was 1.45 times subscribed, it said on Monday night. Some 205.6 million new units will be issued on the basis of 71 new units for every 1,000 existing units in MCT. The issue price for the ...

The Business Timeslse:mctklse:5182sgx:n2iusgx:s68

1 day ago

Vicom net profit up 6.5% to S$7.2m in Q3


TECHNICAL testing and vehicle inspection group Vicom has posted a net profit of S$7.2 million in the third quarter, up 6.5 per cent from the same period a year earlier. Revenue in the three months ended Sept 30 was S$26.4 million, up 4.7 per cent from the same period a year earlier on higher business ...

The Business Timessgx:v01sgx:c52

11 Nov 2019

1 day ago

Dennis Tan quits as OCBC's head of consumer financial services, Sunny Quek taking over


DENNIS Tan who oversees OCBC Bank's consumer financial services Singapore is leaving the bank. Mr Tan had joined OCBC, the second largest banking group in South-east Asia, 10 years ago as head of branch and group premier banking. He was appointed its consumer financial services Singapore in November ...

The Business Timesusx:googusx:googlsgx:40usgx:d05sgx:o39

1 day ago

Singapore shares drop 0.7% on Monday after HK unrest, doubts over US-China trade deal


Local equities got the week off to a rough start after doubts emerged over US-China trade talks and tensions in Hong Kong seemed to hit fever pitch once again, with one person shot by police and another reportedly set alight by protestors. The Straits Times Index (STI) could not shrug off those concerns ...

The Business Timessgx:s63klse:0080sgx:d05sgx:v03sgx:o39sgx:u11

1 day ago

NetLink NBN Trust to support TPG's 5G trial network


SINGAPORE (Nov 11): Units in NetLink NBN Trust fell on Monday afternoon, after the trust announced during the mid-day break that it will be supporting TPG Telecom in its 5G trial network across Singapore Science Park 1 and 2. NetLink Group’s operating arm, NetLink Trust, will be providing the fibre network ...

The Edge Marketslse:octsgx:cjlu

1 day ago

Rocky timelines for product launches plagues Venture Corp


Net margins are expected to be tighter in the same period. Despite Venture Corporation’s 5.5% YoY profit growth to $85.2m in Q3, the firm’s Q4 results are projected to decline to about $80m due to delays in the launch of new product initiatives and the product transition period on that back of an uncertain ...

Singapore Business Reviewklse:7198lse:sctsgx:d05sgx:v03

1 day ago

Results meet expectations but StarHub still faces headwinds


STARHUB Q3 2019 earnings met street expectations for the first time in a while. This provided relief to the stock as we see a strong bullish spike from S$1.30 to S$1.46, a record 12.3 per cent jump in its share price. Mobile service revenue seemed resilient, considering the intense competition... To ...

The Business Timessgx:cc3sgx:t39

1 day ago

EHT says 'premature' to assess sponsor's estimate of Queen Mary repair costs


EAGLE Hospitality Trust (EHT) on Sunday night said it is still "premature" to appoint its own expert to separately evaluate the costs of the maintenance of the Queen Mary floating hotel at this stage. This comes as its sponsor Urban Commons (UC) had estimated that the improvement and repair works at ...

The Business Timessgx:s68klse:3182sgx:g13sgx:cnesgx:liwsgx:t39sgx:sk6u

1 day ago

Stocks to watch: DBS, Jardine C&C, EHT, Venture, ST Engineering, CapitaLand, UIC, Metro


THE following companies saw new developments that may affect trading of their securities on Monday: DBS: South-east Asia’s largest bank's net profit for its third quarter climbed 15 per cent, boosted by loan growth, record fee income and higher trading gains, it said on Monday. Net profit for the three ...

The Business Timessgx:c31sgx:5jkklse:2925sgx:d05sgx:c07sgx:s7ouhkex:939sgx:m01sgx:s63hkex:3008hkex:3107usx:hossgx:v03sgx:liwhkex:3132sgx:u06

1 day ago

Asian Pay TV Trust declares 0.3 S cent DPU for Q3


PAY TV firm Asian Pay Television Trust (APTT) declared an ordinary interim distribution per unit (DPU) of 0.3 Singapore cent for its third quarter, versus 1.625 cents a year ago, to be paid on Dec 24. EBITDA (earnings before interest, tax, depreciation and amortisation) for the quarter ended Sept 30 ...

The Business Timessgx:d05sgx:s7ou

1 day ago

DBS Q3 profit climbs 15% to S$1.6b, beats estimates


DBS Group’s net profit for its third quarter climbed 15 per cent, boosted by loan growth, record fee income and higher trading gains, it said on Monday. Net profit for the three months ended Sept 30 stood at S$1.63 billion, up from S$1.41 billion for the year-ago period. Annualised earnings per share ...

The Business Timessgx:d05lse:fees

1 day ago

Artificial intelligence to power up UOB's mobile banking app


Singapore EVER missed your regular Netflix or Spotify payment when it was due? A new mobile banking app feature by the United Overseas Bank (UOB) can now tell you if payment for your usual subscription-based service is coming up. It can even alert you if subscription fees have increased... To continue ...

The Business Timessgx:u11usx:nflxlse:feessgx:t39

See More >>>

Update Wall Preference