[PREMIUM] Slow FY2025 start for ComfortDelGro but gearing up with UK, Australia deals
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The Edge Singapore
Slow FY2025 start for ComfortDelGro but gearing up with UK, Australia deals | The Edge Singapore
In 1QFY2025 ended March 31, CDG reported a total revenue of $1.17 billion, up 16.4% y-o-y but 0.755% lower q-o-q. The acquisitions made in 2024 — CMAC, A2B and Addison Lee — contributed to the quarter
[PREMIUM] RHB raises FY2026 DPS forecast on CSE Global, maintains ‘buy’ call and TP of 63 cents
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The Edge Singapore
RHB raises FY2026 DPS forecast on CSE Global, maintains ‘buy’ call and TP of 63 cents | The Edge Singapore
With the group to begin paying 50% earnings of dividends going forward, Yeo has raised his DPS forecasts, with his FY2026 dividend yield to increase from 5.4% to 6.1%.
[PREMIUM] Are Singapore's auto workshops ready for an electric future?
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The Edge Singapore
Are Singapore's auto workshops ready for an electric future? | The Edge Singapore
Companies ready to navigate the complexities of EV maintenance, high-voltage systems and new sales dynamics will likely thrive, while those stuck in ICE-era thinking risk being left behind
LHN sells stake in Geylang Road property for $25.8 mil
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The Edge Singapore
LHN sells stake in Geylang Road property for $25.8 mil | The Edge Singapore
According to LHN, the disposal is a “good opportunity” for the group to realise its investment and secure more cash for future developments and investments.
[PREMIUM] Estonia’s start-up scene punches well above its weight
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The Edge Singapore
Estonia’s start-up scene punches well above its weight | The Edge Singapore
Estonia’s journey, from a country with little internet penetration to the world’s first fully digitised government by 2024, mirrors Singapore’s own from a resource-scarce port into a financial hub.
[PREMIUM] Tariffs won't reindustrialise America. Here's what will
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The Edge Singapore
Tariffs won't reindustrialise America. Here's what will | The Edge Singapore
For President Donald Trump, tariffs are a cure-all—to be levied on friends, foes and penguins alike
Private credit funds target billions in retail demand from Asia
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The Edge Singapore
Private credit funds target billions in retail demand from Asia | The Edge Singapore
The interest comes amid Asia’s private credit boom, which isn’t showing any signs of easing.
Cisco and IMDA to build testbed for 5G opportunities and risks
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The Edge Singapore
Cisco and IMDA to build testbed for 5G opportunities and risks | The Edge Singapore
Both parties will collaborate to address cybersecurity challenges arising from 5G advancements by exchanging threat intelligence and industry knowledge.
US stocks ‘astronomically complacent’ about trade war, CLSA says
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The Edge Singapore
US stocks ‘astronomically complacent’ about trade war, CLSA says | The Edge Singapore
Even with the trade war hanging over markets, the S&P 500 sits less than 5% off its record high from February, and close to the median year-end forecast of strategists tracked by Bloomberg.
Changi Airport Group’s full year earnings surge 95% y-o-y to $841 mil from exceptional items gain
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The Edge Singapore
Changi Airport Group’s full year earnings surge 95% y-o-y to $841 mil from exceptional items gain | The Edge Singapore
For the full year, passenger movements increased 9% y-o-y to reach 68.4 million, which Changi Airport Group says is a new record. Aircraft movements were 371,000 for the year, a 8% y-o-y increase.
Yangzijiang Shipbuilding reports outstanding order book of US$23.2 bil in its 1QFY2025 business update
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The Edge Singapore
Yangzijiang Shipbuilding reports outstanding order book of US$23.2 bil in its 1QFY2025 business update | The Edge Singapore
For the 1QFY2025, 21 vessels have been delivered y-t-d fulfilling 38% of its FY2025 target of 56 vessels.
[PREMIUM] Trade war relief aside, fundamentals, themes and diversification are key, says Saxo’s Chanana
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The Edge Singapore
Trade war relief aside, fundamentals, themes and diversification are key, says Saxo’s Chanana | The Edge Singapore
Chanana advises investors to use moments of uncertainty to reassess their asset allocations, diversify investments and identify and capitalise on structural megatrends that are here to stay.
[PREMIUM] Singtel launches $2 bil share buyback, raises dividend amid more ambitious capital management move
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The Edge Singapore
Singtel launches $2 bil share buyback, raises dividend amid more ambitious capital management move | The Edge Singapore
The $2 billion buyback programme is a signal that Singtel is 'confident in its long-term value and to provide stability in a volatile environment', says group CFO Arthur Lang
Hongkong Land’s underlying profit for 1QFY2025 'in line' y-o-y, net debt reduced to US$4.9 bil
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The Edge Singapore
Hongkong Land’s underlying profit for 1QFY2025 'in line' y-o-y, net debt reduced to US$4.9 bil | The Edge Singapore
The group said that it generated net cash inflows in the first quarter, net gearing was 16% and committed liquidity was US$3.2 billion.
Trump tax bill narrowly passes house, overcoming infighting
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The Edge Singapore
Trump tax bill narrowly passes house, overcoming infighting | The Edge Singapore
The bill includes a US$4 trillion increase in the US debt ceiling, which the Treasury Department forecasts could otherwise force a default as soon as August or September.
BYD beats Tesla in Europe for the first time with 169% surge
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The Edge Singapore
BYD beats Tesla in Europe for the first time with 169% surge | The Edge Singapore
BYD outsold Tesla by an even wider margin when including the carmaker’s plug-in hybrid EVs, with total sales soaring 359% in April from a year earlier, market researcher Jato Dynamics said.
Kimly’s subsidiary buys Yishun Ring road coffee shop for $11 mil
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The Edge Singapore
Kimly’s subsidiary buys Yishun Ring road coffee shop for $11 mil | The Edge Singapore
A total deposit of $1.1 million, or 10% of the purchase consideration was paid upon the exercise of the option.
[PREMIUM] Analysts keep ‘add’ and ‘buy’ calls on CDL after ‘encouraging’ 1QFY2025 update
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The Edge Singapore
Analysts keep ‘add’ and ‘buy’ calls on CDL after ‘encouraging’ 1QFY2025 update | The Edge Singapore
Analysts have also kept their target prices mostly untouched. They range from $6.01 to $9.51.
Cosmosteel CEO Ong raises stake again in the face of takeover offer
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The Edge Singapore
Cosmosteel CEO Ong raises stake again in the face of takeover offer | The Edge Singapore
CEO Ong paid 22 cents each, higher than the 20 cents per share takeover offer that is on the table
Startup Builder.ai overestimated sales by 300% to key creditors
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The Edge Singapore
Startup Builder.ai overestimated sales by 300% to key creditors | The Edge Singapore
In a letter Tuesday to employees, the company said it was “unable to recover from historic challenges and past decisions that placed significant strain on its financial position."