These veteran companies have attractive dividend yields, yet both recently underwent business transformations.
Commodity trader Olam Group Ltd on Friday posted a marginal rise in net profit for the first half of fiscal 2022, as a weak performance in the food ingredients unit partially countered strong showing in its Olam Agri business. "The significant demand growth rate and pick-up seen in H2 2021 has slowed down in H1 2022 after the geopolitical crisis, accompanied by the hard pandemic lockdowns in China," Olam said. Olam Agri, which trades grains and animal feed, edible oils, rice, cotton and commodity financial services, still posted a 49.4% jump in its first-half operating profit.
The nine-storey headquarters will also house the GrabMerchant Centre. How will this help small businesses?
Citing its cash balance of $312.7 million, and no bank borrowings, the company says it is shielded from the impact of rate hikes
Shares of Indian domestic airlines rose on Thursday, a day after the civil aviation ministry said it will remove the restrictions on ticket prices it had imposed two years ago due to the coronavirus pandemic. Domestic airlines IndiGo, SpiceJet Ltd, Air India, Go First and Vistara - a joint venture between the Tata Group and Singapore Airlines - can now price tickets freely. Shares of top airline IndiGo's parent InterGlobe Aviation Ltd rose as much as 2.3% to 2084.6 rupees while smaller rival SpiceJet Ltd jumped as much as 7% to 47.9 rupees.
Stock markets rose on Friday, still riding the positive US inflation data earlier this week as investors mull over the size of the next interest rate move by the US Federal Reserve.
India's consumer inflation dipped to 6.71% in July, easing for the third month in a row, helped by a slower increase in food and fuel prices and adding to expectations that the central bank may rein in the pace of its policy rate hikes next month. The year-on-year figure, published on Friday by the National Statistics Office, was marginally lower than the 6.78% forecast by economists in a Reuters poll. Economists said they expect the Reserve Bank of India (RBI) to raise its policy rate by at least 25 basis points next month as inflation was likely to remain above its tolerance band through this calendar year.
Gold prices edged lower on Thursday, weighed down by prospects of more rate hikes by the U.S. Federal Reserve even as data pointed to signs of inflation peaking. Spot gold fell 0.1% to $1,789.83 per ounce by 1741 GMT. "Gold's been lingering near the key $1,800 level as the market has toned down rate hike expectations, which has also weakened the dollar," although most Federal Reserve commentary continues to hint at more rate increases, said David Meger, director of metals trading at High Ridge Futures.
Here are four little-known stocks that pay out regular dividends with yields higher than 4%. The post 4 Under-the-Radar Companies with Dividend Yields Exceeding 4% appeared first on The Smart Investor.
Singapore's Sembcorp Marine Ltd (Sembmarine) said on Friday its half-year loss narrowed 78% from a year earlier, as the oil rig builder finished delayed projects after pandemic curbs were eased while also benefiting from cost management. The company said its overall order visibility has improved on the back of rising oil prices and renewed concerns about energy security amid geopolitical tensions. Sembmarine has been a loss-making business since it posted an annual loss in 2018, in an industry plagued by oil price volatility, a drop in new orders, and the pandemic's impact.
Singapore trimmed its 2022 growth forecast to a range of 3%-4% to reflect an increasingly challenging global environment.
Singaporean conglomerate Keppel Corp said on Friday it would spend 305 million euros ($314.7 million) along with a unit for a 50.01% stake in a special purpose vehicle (SPV) that owns 50% of Borkum Riffgrund 2, an offshore wind farm in Germany. The deal comes as companies race to increase their exposure to renewable energy assets which have risen in prominence in recent years amid a global push towards clean and sustainable energy. "The transaction further accelerates the growth of the group's exposure in renewable energy assets," Keppel said in a statement, adding that it would have a total renewable energy portfolio of about 2.2 gigawatts after the investment was completed.
The development sits on a 1,798 sq ft plot with a 999-year land tenure. The guide price of the property works out to $3,971 psf on the maximum gross floor area of about 7,554 sq ft. (Picture: CBRE)SINGAPORE (EDGEPROP) - A commercial development named Siakson Building at 3 Miller Street is up for sale with an indicative guide price of $30 million. The guide price of the property works out to $3,971 psf on the maximum gross floor area of about 7,554 sq ft. The sale of the property is currently mar
A popular Chinese medical information site has been censored by authorities for "violation of relevant laws and regulations", months after its criticism of a government-backed herbal Covid-19 treatment sent shares in a pharmaceutical giant tumbling.
This year's Solve for Tomorrow theme is 'Innovate for a Better Hong Kong’. Samsung is encouraging the city's primary and secondary students to develop creative technology solutions for diverse local issues and compete for prizes worth more than HK$270,000.HONG KONG SAR - Media OutReach - 11 August 2022 - The world's leading technology company, Samsung Electronics H.K. Co. Ltd, officially launched its annual 'Solve for Tomorrow' competition today with the theme "Innovate for a Better Hong Kong."
Philippine telecom giants PLDT Inc. and Globe Telecom Inc. have separately accused new entrant DITO Telecommunity Corp. of “fraudulent” calls made through its network, heightening a public disagreement.
Trendale Tower is within the highly desirable Cairnhill residential enclave at the edge of the Orchard Road shopping belt. (Picture: Savills Singapore)SINGAPORE (EDGEPROP) - The owners of Trendale Tower at 79 Cairnhill Road have launched a collective sale tender of the freehold site for $178 million. The collective sale of the property is currently marketed by Savills Singapore.Read also: Third-gen Teo family’s TE Capital stays invested in Melbourne, undeterred by state of disasterThe developmen
After the US government barred imports of Hoshine Silicon products, Luo Liguo and his family have only gotten richer — and they’re expanding operations in Xinjiang
Though sharing the same surname as Grab CEO Anthony Tan, she's not his sister or spouse. Where did they meet? How did the idea for Grab come about?
BENGALURU (Reuters) -Life Insurance Corporation of India (LIC) reported a 20.4% rise in June-quarter premium income on Friday, as easing COVID-19 restrictions boosted sales of policies for the insurer that largely depends on its agents. The company, which drives its business mostly through an army of 1.3 million sales agents, was hit by pandemic-led lockdowns last year that disrupted the work of its agents who focus on in-person engagement. LIC, India's biggest insurer, said net premium income rose to 983.52 billion rupees ($12.34 billion) from 817.21 billion rupees a year earlier, with nearly a 60% jump in the number of policies sold.
Singapore on Thursday narrowed its economic growth forecast this year after the economy contracted in the second quarter compared to the previous three months due to rising inflation and tighter monetary policies, the government said.
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