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RHB strategy for 2017
Why consumer staples will remain at the forefront of attention in 2017
SINGAPORE (Jan 4): In the opinion of RHB analyst Juliana Cai, consumer discretionary spending in Singapore is likely to continue being weighed down by persistent concerns over job security and stagnant wages – bringing consumer staples to the forefront
January 04, 2017
RHB strategy for 2017
Singapore’s land transport sector is revving up for a smooth ride
SINGAPORE (Jan 3): RHB has given Singapore’s land transport sector an “overweight” rating amid regulatory tailwinds and improved growth prospects.
January 03, 2017
Honda Motor invests in Grab to team up on motorcycle sharing
December (Dec 12): Honda Motor Co., the world’s largest motorcycle maker, has become a strategic investor in Grab as part of a partnership to expand the startup’s bike-hailing operations in Southeast Asia.
December 12, 2016
Grab launches GrabShare to rival Uber’s car-pooling service
SINGAPORE (Dec 6): Grab is going head-to-head with Uber’s new car-pooling service by launching its own version, raising the stakes in the battle between rival ride-hailing apps.
December 06, 2016
Local co-working startup Spacemob announces $7.9 mil in seed funding
SINGAPORE (Nov 23): Spacemob, a co-working startup based in Singapore, today announced the closing of a record US$5.5 million ($7.85 million) seed funding round.
November 23, 2016
Grab CEO’s epiphany at 30,000 feet: taking down an Uber Goliath
SINGAPORE (Nov 2): It was on a late July flight home to Singapore when Anthony Tan grasped the potential calamity in news that his biggest ally, Didi Chuxing, was about to buy out arch-rival Uber’s Chinese business.
November 02, 2016
Broker's Calls
ComfortDelGro’s fair value driven down by Uber, Grab
SINGAPORE (Oct 4): OCBC Investment Research is keeping its “buy” recommendation on ComfortDelGro but cutting its fair value estimate to $3.10 from $3.21 previously, amid the rapid expansion of private hire car service providers.
October 04, 2016
Premier Taxis lists Silvercabs on Grab’s app
SINGAPORE (Oct 3): Ride hailing app Grab has partnered Singapore’s Premier Taxis to bring all Silvercab drivers onto its platform.
October 03, 2016
Self-driving car startup NuTonomy in talks to raise new funds
SINGAPORE (Sept 27): NuTonomy Inc., a self-driving car startup backed by Ford Motor Co. Chairman Bill Ford and Singapore’s government, is in discussions with potential investors for a new round of funding as it works toward a full commercial launch in 2
September 27, 2016
Uber rival Grab partners with driverless car firm in Singapore
SINGAPORE (Sept 23): Users of ride-hailing firm Grab will be able to book driverless cars from Friday as it partners with a start-up testing the technology in Singapore, just days after rival Uber debuted its self-driving vehicles in the United States.
September 23, 2016