News
Chart of the Day: Banks brace for mounting asset risks
New NPL formation rose for all three banks in Q2 due to large overseas exposures.
Chart of the Day: Banks brace for mounting asset risks
New NPL formation rose for all three banks in Q2 due to large overseas exposures.
Daily Markets Briefing: STI up 0.03%
OCBC led the gains amongst top active stock with a 0.91% increase.
Daily Briefing: Blockchain firm StakeWith.Us raises $825,000 in seed round; Standard Chartered poaches Deutsche Bank exec
And online marketplace Zowedo raises $270,000 in a new funding round.
ST Engineering profits climbed 18% to $138.2m in Q2
Profit growth from the marine sector countered declines from other divisions.
OUE profit surges ten-fold to $60.86m in Q2
It was boosted by its disposal of Aquamarina Hotel Private Limited.
Private condo resales up 32.2% to 882 units in July
Prices were down 0.5%.
Yanlord Group Q2 profits down 41% to $170.15m
The total gross floor area delivered to customers decreased and hit revenue.
Wilmar International's profit dropped 52.3% to $150.88m in Q2
The African swine fever outbreak has hurt the demand for its key product soybean.
Olam International's profit sinks 34.5% to $61.49m in Q2
It blamed higher depreciation and amortisation, and finance costs.
Daily Markets Briefing: STI down 0.7%
SGX led the gains amongst top active stock with a 1.22% increase.
Chart of the Day: Demand for data centres to hit 56.5MW by 2022
Utilisation rates are tipped to hit 87% in three years time.
Daily Briefing: Retail landlords may lower rents for higher occupancy; Sunpower Group buys Changshu Suyuan for $47.35m
And Temasek unit invests in e-games chairs maker Secretlab.
Braddell View owners revive en bloc bid for $2.08b
It was earlier put up for sale on 27 March.
4 in 5 employees want digital skill investment from employers
About half expect their jobs to be automated in the next decade.
Sheng Siong recovery looms as same store sales rebound
Same-store sales are expected to bounce back 0.5% after a 0.6% decline in H1.
Mobike to transfer bike share license to SG Bike
Once approved, 25,000 bikes will be added to SG Bike’s fleet and make it the city’s largest operator.
NODX down 14.6% in Q2
NODX is expected to fall by up to 9% by end-2019.
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