Business
Maybank cuts Sea target price by 9.3% on softer Shopee margins, despite consensus-beating Q3 earnings
Maybank Research slashed its target price for internet company Sea by 9.3 per cent to US$156 from US$172 with a “hold” rating, citing…
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earnings
Business
Singtel H1 earnings nearly treble to S$3.4 billion on one-off gains
Telecommunications giant Singtel on Wednesday (Nov 12) posted a 176.4 per cent increase in net profit to S$3.4 billion for the first…
Business
SBS Transit Q3 earnings fall 20.6% due to lower interest income
Revenue is also lower due to the loss of the Jurong West contract package to SMRT in September 2024 Bus and train operator SBS Transit’s…
Business
Riverstone Q3 earnings fall 28% to RM52 million
Revenue declines 17.1% due to lower prices for gloves amid more intense competition Glovemaker Riverstone Holdings reported a drop of 28…
Business
Vicom’s Q3 earnings up 45% as it installs more OBU units in Singapore vehicles
Vehicle inspection services also saw strong demand, buoyed by Singapore’s economic expansion Mainboard-listed Vicom posted S$9.9 million…
Business
UMS Q3 earnings rise 1% to S$10.5 million, announces 1-for-4 bonus issue
UMS Integration on Friday (Nov 7) reported a 1 per cent year-on-year rise in net profit to S$10.5 million for the third quarter ended Sep…
Business
AvePoint Q3 earnings jump four times to US$13 million; shares fall on EPS miss
Cybersecurity company AvePoint has posted a 396.8 per cent increase in net profit to US$13 million for its third quarter ended Sep 30,…
Business
OCBC shares soar 3.8% after posting Q3 earnings that beat expectations
Shares of OCBC jumped 3.8 per cent on Friday (Nov 7) morning after the release of its financial results for the third quarter ended…
Business
OCBC shares hit record high after Q3 earnings beat expectations; ends 3.4% higher
Shares of OCBC jumped by more than 4 per cent on Friday (Nov 7) morning after the release of its financial results for the third quarter…
Business
Europe: Stocks fall as tech nerves sap sentiment; earnings, economic data in focus
EUROPEAN stocks fell on Thursday, dragged by technology stocks that came under fresh selling pressure while investors assessed mixed…
Business
US: Wall Street opens lower as investors assess corporate earnings, mixed economic data
Wall Street’s main indexes opened lower on Thursday (Nov 6), as investors digested a slate of corporate earnings, while concerns around US…
Business
DBS shares soar more than 3% to hit a record high, after posting earnings that beat forecasts
Lender’s Q3 net profit is S$2.95 billion – higher than the S$2.79 billion estimated in survey Shares of DBS rocketed more than 3 per cent…
Business
DBS shares soar more than 3.8% to hit a record high, after posting earnings that beat forecasts
Lender’s Q3 net profit is S$2.95 billion – higher than the S$2.79 billion estimated in survey Shares of DBS rocketed more than 3 per cent…
Business
US: Wall Street ends higher as solid data, strong earnings offset valuation concerns
US stocks rebounded on Wednesday as jitters over inflated tech stock valuations abated and upbeat earnings and better-than-expected…
Business
Europe: Shares close higher with earnings in spotlight; tech stocks waver
EUROPEAN shares recovered towards the close to end higher on Wednesday, after falling earlier in the session when a selloff in technology…
Business
Bukit Sembawang Estates H1 earnings dip 25% after completion of two condo developments
Bukit Sembawang Estates’ net profit for the half-year ended September fell 25 per cent year on year to S$47.2 million, primarily due to a…
Business
Europe: Stoxx 600 hits two-week lows on global risk-off mood, mixed earnings
EUROPEAN shares fell on Tuesday to their lowest point in more than two weeks, echoing a broader risk-off mood across global markets, as…
Business
Grab reports Q3 earnings of US$17 million on positive operating profit
Operating profit rises to US$27 million in Q3 2025 from a loss of US$38 million in Q3 2024 Ride-hailing giant Grab posted earnings of…
Business
Grab reports Q3 earnings of US$37 million on positive operating profit
Operating profit rises to US$27 million in the quarter from a loss of US$38 million the previous year Ride-hailing giant Grab posted Q3…
Business
Europe: Shares edge up as investors assess earnings; auto stocks advance
EUROPEAN stocks nudged higher on Monday as investors digested a new round of earnings reports, while auto shares gained on optimism that…
Business
Sheng Siong ends 6.5% higher at record closing price on improved Q3 earnings
The surge comes amid higher third-quarter net profit and its recent expansion moves Shares of supermarket operator Sheng Siong rose on…
Business
DBS, OCBC and UOB expected to post flat or weaker Q3 earnings as margins narrow
Focus will be on whether stronger wealth and trading income can cushion lending slowdown Singapore’s three local banks are set to deliver…
Business
Asia: Markets mostly up on heels of Apple, Amazon earnings
ASIAN stock markets mostly rose Friday morning, with a surge in Japanese shares coming after better-than-expected earnings reports from US…
Business
SIA earnings likely to stay ‘pressured’ despite over 380,000 discounted tickets: analysts
Concerns around passenger yield, drag from the crash of Air India flight 171 and rising non-fuel costs could weigh heavier Singapore…