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Briefs - THE EDGE SINGAPORE

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Briefs

This week: Trump suspended by Twitter, NYSE to delist Chinese telecoms in about-face, and more.
NYSE suddenly reverses plans to delist three Chinese telcos - THE EDGE SINGAPORE

US stocks

NYSE suddenly reverses plans to delist three Chinese telcos

“To implement the decision, and then four days later to backtrack -- that’s just odd.” - Travis Lundy, investment researcher.

Stocks To Watch

NYSE-listed BEST Inc offers delivery services in Singapore as part of Southeast Asia expansion

“The outbreak of Covid-19 accelerated and amplified consumers’ reliance on e-commerce and created even larger potential opportunities in [Southeast Asia],” observes Johnny Chou, BEST Inc’s founder, chairman and CEO.

In print this week

SGX's first DCS listing is a letdown

SINGAPORE (April 17): When the dual-class shares (DCS) structure for Singapore-listed companies was first mooted in 2016, the proposal generated quite a buzz. This came at a time when the Singapore Exchange (SGX), itself suffering from a dearth of major I

Results

Sea's 3Q losses widen to US$133 mil on higher costs and expenses

SINGAPORE (Nov 22): Sea, the Singapore-based online entertainment and gaming firm formerly known as Garena, announced 3Q17 ended Selosses doubled to US$132.7 million ($179.8 million) from a loss of US$65.6 million in 3Q16.

Tech

Sea investors look to first earnings since NYSE IPO for growth

(Nov 21): Sea pitched itself as an emerging growth company in last month’s initial public offering, and investors are about to get their first chance to see if it lives up to the billing.

Charles Schwab launches Singapore office following migration from optionsXpress

SINGAPORE (Nov 8): Charles Schwab today announced the launch of its Singapore office, Charles Schwab Singapore, to empower Asian investors whose investment portfolios are underexposed to the US market due to high transaction fees.

IPO

Rocky waters ahead for Sea as share price drops 3 days in a row after IPO

(Oct 26): Sea shares fell for the third day in a row and dropped below their initial public offering price, a rocky start as a public company for the Singapore games startup.

Broker's Calls

CIMB starts US-listed China Yuchai with 'add' on anti-pollution policies

SINGAPORE (Oct 23): CIMB is starting coverage of US-listed China Yuchai International with an “add” call and target price of US$30.53 ($41.54).
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