Stocks to watch: Frasers Centrepoint Trust, Singapore banks, ThaiBev, Sunpower
THE following companies saw new developments that may affect trading of their securities on Tuesday: Read more at The Business Times.
THE following companies saw new developments that may affect trading of their securities on Tuesday:Frasers Centrepoint Trust (FCT): Its private placement closed on Tuesday about 2.8 times subscribed and priced at the bottom end of the range, with the upsize option not exercised. Meanwhile, the preferential offering has been priced at S$2.34 per new unit, also at the low end of the range. FCT units closed at S$2.52 on Friday, and the manager called for a trading halt on Monday morning. The manager on Tuesday requested to lift the halt.
DBS, OCBC, UOB: Fitch Ratings has affirmed its AA- ratings on Singapore banks and removed the trio from rating watch negative, given that the materialisation of stressed conditions have become"less immediate". DBS shares closed up S$0.21 or 1 per cent to S$20.22, OCBC rose S$0.06 or 0.7 per cent to S$8.52 and UOB closed up S$0.18 or 0.9 per cent to S$19.28 on Monday.
Thai Beverage Public Co (ThaiBev): ThaiBev on Monday said its executive committee has approved the appointment of five senior management staff and two senior vice-presidents to help the company realise its growth objectives. Shares of ThaiBev ended Monday at 59.5 Singapore cents before the announcement, up one cent or 1.7 per cent.Read more: The Business Times »
iPhone 12 and Apple’s thinking behind advanced features
Apple has just launched the new iPhone 12 and fans are excited. We take a hard look at not just the latest phone Apple has rolled out but whether its playbook is looking tired, if 5G is all it is cracked out to be and how the world’s most valuable company can keep making money. Lin Suling speaks to IMD Business School’s LEGO Professor of Management and Innovation Howard Yu and Vice President of Client Devices research at IDC Bryan Ma.
Wall Street opens higher led by banks, travel stocksU.S. stock index futures rose on Monday as hopes of a global economic recovery were supported by data showing continued growth in China's ...
US: Wall St opens higher led by banks, travel stocks[NEW YORK] Wall Street surged at the open on Monday following the longest weekly losing streak in a year for the S&P 500 and the Dow, with investors piling into shares of beaten-down sectors, including banks and travel. Read more at The Business Times.
Banks, travel stocks set to lead Wall Street higherU.S. stock index futures rose on Monday as hopes of a global economic recovery were supported by data showing continued growth in China's ...
Europe: Bank stocks bounce off record low, helping Europe recover some lost ground[BENGALURU] European stocks bounced back sharply on Monday as investors snapped up beaten-down shares in the banking sector that hit a record low last week and data gave signs of pick-up in the Chinese economy. Read more at The Business Times.
Hong Kong: Stocks start week with gains[HONG KONG] Hong Kong shares rallied more than one per cent Monday following a strong lead from Wall Street with market heavyweight HSBC boosted by news its biggest stakeholder had increased its investment in the firm. Read more at The Business Times.
Tokyo: Stocks close higher with eyes on US-China tensions[TOKYO] Tokyo stocks closed higher on Monday, helped by rallies on Wall Street, while investors carefully watched US-China tensions over technology issues. Read more at The Business Times.