: Citi Investment Research has downgraded DBS from 'buy' to 'neutral' and lowered its target price from S$31.10 to S$27 due to its exposure to China amid uncertainties over a US-China trade deal. This after the United States increased tariffs on US$200 billion of Chinese imports from 10 to 25 per cent on Friday. The research unit said DBS is the most exposed of its peers to the China market, and may be impacted by market risks and potential interest cuts.
Keppel FELS, a subsidiary of Keppel Offshore & Marine , will provide detailed engineering, procurement, construction, testing and commissioning for the substations, while certain electrical components will be furnished by Orsted. Keppel is scheduled to complete its share of the work for the two 600 megawatt substations in Q3 2021. They will be deployed in Orsted's Greater Changhua offshore wind sites in Taiwan, which have a total potential capacity of 2.4 gigawatts .
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Keppel O&M snags Danish offshore wind contracts worth over S$150mKEPPEL Corp has snagged a contract to build two offshore wind farm substations worth more than S$150 million for Danish renewable energy company Orsted, the conglomerate said on Sunday. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Keppel O&M snags Danish offshore wind contracts worth S$150mKEPPEL Corp has snagged a contract to build two offshore wind farm substations worth more than S$150 million for Danish renewable energy company Orsted, the conglomerate said on Sunday. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Singapore may allow virtual banks after Hong Kong move, DBS saysSingapore could follow Hong Kong in handing out virtual banking licenses, according to the head of DBS.
Source: YahooSG - 🏆 3. / 71 Read more »
DBS Global Income Note raises over S$1b in 3 monthsDBS has raised over S$1 billion from its DBS Global Income Note in the three months since its January launch with strong interest from its private banking clients, South-east Asia's largest lender announced on Friday. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
How to get bonus interest in bank-and-earn accounts: Money Hacks Ep 42 - ST & BT Podcasts - Omny.fm
Source: The Straits Times - 🏆 8. / 63 Read more »
Brokers’ takeCompiled by Navin Sregantan KOUFU GROUP | HOLD (DOWNGRADED) MAY 7 CLOSE: $0.765 TARGET PRICE: $0.80 DBS Equity Research, May 7 Koufu's first quarter revenue increased 4.9 per cent year-on-year to $57.8...
Source: thenewpaper - 🏆 7. / 63 Read more »
Sarine Technologies posts US$1.4m net loss for Q1DIAMOND technologies firm Sarine Technologies on Sunday reported a net loss of US$1.4 million for the first quarter ended March 31, compared to a net profit of US$3.1 million a year ago. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Singapore may allow virtual banks after Hong Kong move, DBS saysSingapore could follow Hong Kong in handing out virtual banking licenses, according to the head of DBS.
Source: YahooSG - 🏆 3. / 71 Read more »
Swee Hong expects net loss for Q3SWEE Hong Limited expects to report a net loss for the third quarter ended March 31, the construction company said in a Singapore Exchange (SGX) filing on Friday night. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Swee Hong calls for trading halt, cites 'uncertain' financial position under SGX listing rulesCONSTRUCTION company Swee Hong Limited has called for a trading halt on Friday as its financial position is “uncertain” under the Singapore Exchange's (SGX) listing rules. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Nordic Group posts 40% drop in Q1 profit to S$2.1mPRECISION engineering and systems integration solutions provider, Nordic Group, on Friday posted a 40 per cent slide in net profit for its fiscal first quarter, on the back of lower revenue from its project services business. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »