consolidation

Is it time for the mobile industry to consolidate?

After a crazy year, tech companies now has a tough act to follow. Here are the key things you need to watch this year.

Blue chips continue their consolidation, with SIA easing, and City Developments remaining resilient.

STI consolidates as DBS loses upward momentum, with a resumption in the rally likely towards the end of the year

In a letter to employees on Tuesday morning, Grab CEO Anthony Tan said that it has become clear that the pandemic will likely result in a prolonged recession, and Grab has to brace for what may be a long recovery period.

NEW YORK (June 10): United Technologies Corp. agreed to buy Raytheon Co. in an all-stock deal, forming an aerospace and defense giant with US$74 billion ($100.9 billion) in sales in one of the industry’s biggest transactions ever.

SINGAPORE (Jan 29): Phillip Capital is initiating coverage on China Sunsine, the largest producer of rubber accelerators in the world, with a “buy” call and target price of $1.60 or 10 times FY18 earnings.

SINGAPORE (Sept 18): Ratings agency Moody’s Investor Service is mulling a potential credit rating downgrade on ASX-listed Cromwell Property Group due to its high level of debt.  

SINGAPORE (Aug 29): Phillip Capital is maintaining its “buy” recommendation on Health Management International (HMI) at a target price of 83 cents, while expressing a positive view on the group’s FY18 earnings outlook.