DBS shares hit all-time record after higher Q2 profit, nearing the S$50 mark
[SINGAPORE] Shares of DBS soared to a record in early trade after the group posted marginally improved Q2 earnings before market open, nearing the S$50 mark. At 9.03 am it hit S$49.69, with around 615,300 shares changing hands. This was 1.7 per cent or S$0.84 higher than its S$48.85 closing price on Wednesday. By 9.19…
Read MoreCSE Global Q2 new orders rise 3.8% to S$211.3 million
[SINGAPORE] Systems integrator CSE Global has secured S$211.3 million worth of new orders for its second quarter ended June, a 3.8 per cent rise from S$203.7 million in Q2 2024. This brought its ending order book for Q2 and H1 to S$573.8 million, 17.1 per cent down from S$692.3 million in the year-ago period, the…
Read MorePrivate credit fuels a ‘buy now, pay later’ lending boom in Asia
[HONG KONG] Maria Hazel Regalado, a 48-year-old mother of four in the Philippines, needed a computer last year so she could work from home. Regalado, who helps manage rental properties in Australia, did not have the cash or a credit card. A friend suggested she get a “buy now, pay later” (BNPL) loan from Billease,…
Read MoreYangzijiang Shipbuilding soars over 10% after posting record high net profit
It had posted a record-high net profit of 4.2 billion yuan (S$752.6 million), up 36.7% from the first half of 2024 [SINGAPORE] Shares of Yangzijiang Shipbuilding surged 10.3 per cent minutes after market open on Thursday (Aug 7) on the back of a record-high net profit in the first half of 2025. The counter jumped…
Read MoreBeyond Meat misses quarterly revenue estimates as plant-based demand weakens
Published Thu, Aug 7, 2025 · 09:04 AM BEYOND Meat missed Wall Street estimates for second-quarter revenue on Wednesday, hurt by weak demand for its plant-based meat products in the US amid ongoing macroeconomic uncertainty. Shares of the company, which also announced a 6 per cent reduction in its global workforce, fell about 4 per…
Read MoreApple says Samsung will supply chips from Texas factory
Published Thu, Aug 7, 2025 · 08:37 AM APPLE said on Wednesday that Samsung Electronics will supply chips from its production plant in Texas for Apple products including iPhones. “This facility will supply chips that optimise power and performance of Apple products, including iPhone devices,” Apple said in a statement. A Samsung spokesperson declined comment.…
Read MoreStocks to watch: DBS, UOB, Yangzijiang Shipbuilding, Sats, Venture Corp, Straits Trading
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Aug 7): DBS: The local bank on Thursday announced that its net profit for the three months ended Jun 30 rose 1 per cent to S$2.82 billion, from S$2.79 billion in the same year-ago period. Net interest income was…
Read MoreSoftBank’s AI investment spree to be in focus on at Q1 earnings
[TOKYO] When Japan’s SoftBank Group reports earnings on Thursday, its mammoth investments in artificial intelligence companies are set to take the spotlight. Analysts and investors are keen for updates on how they will be financed, the timeline for returns to materialise and whether assets will be sold to fund the new projects. SoftBank has embarked…
Read MoreHyundai, GM plan to jointly develop five vehicles, including electric van
Published Thu, Aug 7, 2025 · 08:05 AM [SEOUL] Hyundai Motor and General Motors (GM) plan to jointly develop five vehicles that will hit the market in 2028, including an electric van for North America, as the two automakers deepen strategic ties amid intensifying competition from China. The pair will develop four vehicles for the…
Read MoreInsurer AIG posts higher quarterly profit on underwriting strength
[BENGALURU] American International Group (AIG) reported a higher second-quarter profit on Wednesday (Aug 6), powered by strong underwriting gains and higher returns on investments. Insurers such as AIG and Travelers Cos are benefiting as businesses and individuals have maintained spending on insurance against the backdrop of economic uncertainty. “We continued to make significant progress on…
Read MoreSaudis raise crude prices to Asia after Opec+ adds barrels
[SINGAPORE] Saudi Arabia raised crude prices for a second consecutive month, signalling confidence in demand for its barrels as Organization of the Petroleum Exporting Countries and its allies (Opec+) continues to ramp up supply. State producer Saudi Aramco will raise the premium for Arab Light crude to Asia by US$1 a barrel for shipments in…
Read MoreUOB Q2 profit falls 6% to S$1.34 billion; misses expectations
Declares interim dividend of S$0.85 per share; a second tranche of the lender’s S$0.50 per share special dividend will also be paid out [SINGAPORE] UOB’s net profit for the second quarter fell as net interest income eased on lower margins. Net profit for the three months ended Jun 30, 2025, stood at S$1.34 billion, compared…
Read More