retail

HONG KONG (Nov 9): Jack Ma beat Jeff Bezos into grocery stores. Now China’s richest man is again showing his rival the way by targeting 6 million mom-and-pop shops, the biggest test yet of a vision to reinvent physical retail.

SINGAPORE (Oct 23): Property group Wing Tai Holdings saw its 1Q earnings ended Sept rise nearly eightfold to $8.2 million from $1.1 million a year ago, on the back of disposal gains and higher contributions from overseas associates.

SINGAPORE (Oct 17): CEL Real Estate Development, the wholly-owned subsidiary of construction and property group Chip Eng Seng Corporation, has won the tender to acquire Changi Garden en bloc for a purchase price of $248.8 million at a $888 psf per plot ra

SINGAPORE (Oct 11): Giant today announced the launch of VendMart, the concept of several vending machines retailing products from local companies under a single roof, at its Tampines and IMM Jurong hypermarkets.

SINGAPORE (Sept 19): OCBC is maintaining its “buy” call on Thai Beverage with a fair value estimate of $1.01 given the stock’s long-term growth prospects.

SINGAPORE (Sept 7): KGI Securities has initiated coverage on ValueMax at “buy” with a target price of 39 cents, based on a price-to-book (P/B) ratio of 1.15 times FY17F estimates and in view of robust future earnings growth as well as a lower-for-long

SINGAPORE (Aug 30): Kitchen Culture, the distributor of high-end kitchen systems, announced a loss of $6.4 million for the full 18 months ended June compared to a loss of $5.3 million in FY15 ended Dec.

SINGAPORE (Aug 23): Deutsche Bank says DBS Group Holdings remains its top pick within the Singapore banks sector, even after recently downgrading the stock to “hold” based on valuations following the bank’s recent run-up in share price post 2Q17 res

NEW YORK (Aug 18): Jack Ma is ahead of Jeff Bezos in one area: grocery stores.

SINGAPORE (Aug 14): Luxury watch retailer The Hour Glass Group announced earnings of $7 million for the 1Q18 ended June, down 15% from $8.2 million posted in 1H17 on higher expenses which were largely attributable to a one-time relocation cost.