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Global Markets
Technology is modernising China’s Lunar New Year holiday
BANGKOK (Feb 15): In many ways, China’s Lunar New Year holiday is America’s Thanksgiving, Christmas and Independence Day all rolled into one.
February 15, 2018
ST Engineering seeks new engines of growth
SINGAPORE (Dec 8): Vincent Chong, CEO of ST Engineering, is steering the company into robotics, smart cities and high-tech defence solutions.
December 08, 2017
Investing strategies
Move over tech. Here come Southeast Asia’s builders
SINGAPORE (Dec 7): With at least US$323 billion in infrastructure spending in the pipeline in Southeast Asia and potentially more expected over the next few years, 2018 could well shape up as the year of builders’ stocks from Indonesia to the Philippine
December 07, 2017
Broker's Calls
Comfort-Uber alliance 'necessary in the long run' despite likely earnings dilution: UOB
SINGAPORE (Nov 28): UOB Kay Hian is maintaining its “buy” call on ComfortDelGro (CDG) with a target price of $2.25, which is based on a long-term average P/E of 16.6 times, pending more details on the land transport operator’s upcoming alliance with
November 28, 2017
Grab, Uber ordered to stop Vietnam service expansion
(Oct 26): Ho Chi Minh City (HCMC) government instructs its transport department to direct ride-hailing services Uber, Grab and transport firms to suspend additions of new automobiles of 9 seats or less, newspaper reports, citing info from local authoritie
October 26, 2017
Midas secures $490 mil worth of contracts through China JV
SINGAPORE (Oct 11): Midas Holdings' 32.5%-owned JV company in China, CRRC Nanjing Puzhen Rail Transport (NPRT), has won three metro train car supply contracts amounting to RMB2.37 billion ($490 million) in total.
October 11, 2017
Broker's Calls
Alleged Uber probe unlikely to shake ComfortDelGro's outlook: Maybank
SINGAPORE (Oct 5): Maybank KimEng is remaining firm on its latest upgrade to a “buy” call on ComfortDelGro (CDG) with unchanged price target of $2.40 or 16 times FY18 forecast earnings.
October 05, 2017
Uber said to be under CPIB probe over majority-owned Lion City Rentals
SINGAPORE (Oct 2): Market talk has it that Uber Technologies is under investigation by Singapore’s Corrupt Practices Investigation Bureau (CPIB) over the ride-hailing firm's majority-owned car rental company, Lion City Rentals (LCR).
October 02, 2017
Uber CEO to take leave, have diminished role after scandals
SAN FRANCISCO (June 14): Uber Technologies Inc. Chief Executive Officer Travis Kalanick told staff he plans to take a leave of absence, without disclosing a return date. The company will be run by a management committee as it tries to navigate a wave of
June 14, 2017
Grab likely to raise funds in near future
(June 6): Ride-hailing firm Grab, Uber Technologies Inc's largest rival in Southeast Asia, is likely to embark on a round of fundraising as it works to develop new offerings such as financial services, its chief executive told Reuters on Tuesday.
June 06, 2017