investment

CDL China invests RMB 100 mil in online apartment rental platform

SINGAPORE (Sep 5): City Developments says its wholly-owned subsidiary CDL China has invested RMB 100 million ($20.3 million) for a 20% stake in mamahome, a fast growing Chinese online apartment rental platform.

Delong Holdings to diversify into investment business

SINGAPORE (Aug 23): Delong Holdings said on Tuesday that it plans to diversify from its core business of manufacturing and selling hot-rolled steel coils into investments that are not limited by any business sector, geographical market or investment vehic

In print this week

What Pokémon GO’s success means for Singapore’s economy

SINGAPORE (Aug 19):  The enthusiasm that has greeted Pokémon GO in Singapore reflects a readiness to adapt to a world of new technologies such as augmented and virtual reality, robotics and artificial intelligence, says Irvin Seah, an economist at DBS B

What Singaporeans are saving and splurging on

SINGAPORE (Aug 2): No doubt, Singapore’s economy has seen some improvement in the second quarter with GDP edging up 2.2% from a year ago.

Keong Hong upgrades to SGX Mainboard

SINGAPORE (Aug 1): Keong Hong Holdings has successfully transferred its listing from Catalist to the Mainboard of the Singapore Exchange (SGX), and will commence trading on the latter on Tuesday at 9am.

Broker's Calls

Yoma hit by sluggish residence sales

SINGAPORE (July 28): CIMB is keeping its “reduce” call on Yoma Strategic Holdings with a lower target price of 40 cents from its previous price target of 45 cents.

Broker's Calls

Why should you park your capital in LHN?

SINGAPORE (July 27): NRA Capital is maintaining its “overweight” rating on LHN at a fair value of 22.5 cents on the company’s recent announcement of acquiring a 50% stake in Golden Mile Tower’s carpark at 6001 Beach Road.

Yoma’s 1Q17 earnings drop 28.6% to $1.8 million on softer property-related sales

SINGAPORE (July 26): Myanmar-focused business conglomerate, Yoma Strategic Holdings, reported a decrease in earnings to $1.8 million for the three months ended 30 June 2016 in 1Q17.

In print this week

4 ways the local market saw action in small- and mid-cap stocks

SINGAPORE (July 25): Equity markets have turned firmer after early jitters following Britain’s vote to quit the European Union last month, as investors envisaged greater stimuli implemented by central banks to quell post-Brexit chills.
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