Asana to Announce First Quarter Fiscal Year 2025 Financial Results on Thursday, May 30, 2024

The Smart Investor
DBS, OCBC or UOB: Which of the Three Singapore Banks Should You Buy?
It can be a tough decision to decide between the three big local banks. We simplify the decision by comparing various metrics across the lenders. The post DBS, OCBC or UOB: Which of the Three Singapore Banks Should You Buy? appeared first on The Smart Investor.
MoneySmart
Best Fixed Deposit Rates in Singapore (May 2024)—Rates Up To 3.75%, Minimum Deposits From $500
If you think that fixed deposits are only for conservative cash-rich aunties and uncles, think again. A fixed deposit (also known as a time deposit) account is a type of... The post Best Fixed Deposit Rates in Singapore (May 2024)—Rates Up To 3.75%, Minimum Deposits From $500 appeared first on MoneySmart Blog.
Benzinga
Warren Buffett "Guaranteed" He'd Get 50% Annual Returns With Only $1 Million As Berkshire's Cash Hoard Soars To Over $189 Billion
Legendary investor Warren Buffett has long advocated for the average investor to regularly put money in an S&P 500 index fund rather than buying actively managed funds. However, that's not to say he doesn't think massive outperformance isn't possible. As far back as 1999, Mr. Buffett famously said he could achieve 50% annual returns if he had only $1 million to manage, stating, "The highest rates of return I’ve ever achieved were in the 1950s. I killed the Dow. You ought to see the numbers. But
Simply Wall St.
Unveiling 3 SGX Dividend Stocks With Yields Up To 7.4%
As the Singapore market embraces innovation, exemplified by Deutsche Bank joining the Monetary Authority of Singapore's Project Guardian to explore asset tokenization, investors are witnessing a dynamic shift in financial technologies and investment possibilities. In this evolving landscape, dividend stocks remain appealing for their potential to offer steady income streams, particularly when navigating through periods of technological transformation and market adaptation.
The Smart Investor
OCBC Launched a Takeover Offer for Great Eastern: Positive or Negative for Investors?
OCBC has made an offer for insurer Great Eastern Holdings. Will this move benefit the lender? The post OCBC Launched a Takeover Offer for Great Eastern: Positive or Negative for Investors? appeared first on The Smart Investor.
CNN Business
McDonald’s, Apple and Tesla can’t bet on making a fortune in China anymore
For decades, Western companies made a fortune betting on the inexorable rise of the Chinese consumer. Now an economic slump and the emergence of ferocious local competitors means those bets look less safe as price wars erupt.
Simply Wall St.
Boustead Singapore Limited (SGX:F9D) insiders seem bullish, own 46% and have been buying more recently
Key Insights Insiders appear to have a vested interest in Boustead Singapore's growth, as seen by their sizeable...
Reuters Videos
Beijing may buy unsold homes to help market: report
STORY: China is considering a plan for local governments nationwide to buy millions of unsold homes. That’s according to Bloomberg on Wednesday, after Communist Party leaders called for efforts to clear mounting housing inventory at a meeting in late April. China’s property sector has been in a deep slump for years, hit by a debt crisis among developers. Cash-strapped private developers, like Country Garden, have halted construction on a large number of new homes that were pre-sold but now cannot be delivered on time. The buyers of these homes, meanwhile, are continuing to pay off their mortgages. Analysts agree there are tens of millions of uncompleted apartments across China. Policy measures since 2022 have failed to turn around the sector, which represents around a fifth of the country’s economy, and the slump remains a major drag on consumer spending and confidence. According to the Bloomberg report, local state-owned enterprises, using loans provided by state banks, would be asked to help purchase unsold homes from distressed developers at steep discounts, many of which would then be converted into affordable housing. Citing people familiar with the matter, the report said that officials in China are currently debating the plan's details and feasibility. China's housing ministry did not respond to Reuters request for comment.
Benzinga
5 REITs That Just Received Price Target Increases
Analysts carry a great deal of weight on Wall Street and help to shape investor sentiment. Analyst upgrades & price target increases are great motivations for investors to buy a stock. Consequently, when an analyst upgrades or maintains a previous rating while increasing the price target, investors may anticipate a boost to the share price. Analysts will often review a particular subsector and then increase price targets on more than one stock within a certain sector. Other times when one analys
Yahoo Finance
Inflation pressures ease in April as consumer prices rise at slowest pace in three months
April's CPI report is one of the most important data points the Federal Reserve will consider in its next interest rate decision.
Zacks
Compared to Estimates, Sea Limited (SE) Q1 Earnings: A Look at Key Metrics
While the top- and bottom-line numbers for Sea Limited (SE) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Benzinga
Alibaba Stock Dips as Huge Investment Losses In Q4 Overshadow Revenue Growth and Dividend
Alibaba Group Holding Limited (NYSE:BABA) stock is trading lower Tuesday after the company reported its quarterly results. The Jack Ma co-founded e-commerce giant reported fiscal fourth-quarter 2023 revenue growth of 7% year-on-year to $30.73 billion, beating the analyst consensus estimate of $30.40 billion. Adjusted earnings per ADS of $1.40 missed the analyst consensus estimate of $1.41. Net income plunged 86% Y/Y to $453 million due to net loss from its investments in publicly traded companie
Reuters
Dollar slips after unexpected rise in US producer prices
NEW YORK/LONDON (Reuters) -The dollar eased on Tuesday after an unexpected increase in U.S. producer prices in April amid strong gains in the costs of goods and services, indicating inflation remained stubbornly high early in the second quarter. The report from the Labor Department also showed wholesale goods prices rising solidly last month, though the cost of food declined. Traders trimmed their expectations for the Federal Reserve to cut interest rates in September after the report.
Reuters
Strong services fan US producer inflation in April
U.S. producer prices increased more than expected in April amid strong gains in the costs of services like portfolio management and hotel accommodation, indicating that inflation remained stubbornly high early in the second quarter. The report from the Labor Department on Tuesday also showed wholesale goods prices rising solidly last month, though the cost of food declined. It followed recent surveys showing an increase in inflation expectations, prompting traders to trim bets for a September interest rate cut from the Federal Reserve.
Benzinga
Warren Buffett Says Tesla Achieving Full Self-Driving Would Be "Good For Society And Bad For Insurance Companies Volume"
Berkshire Hathaway Inc. (NYSE:BRK) had its annual meeting earlier this month, and Warren Buffett continued to share his wealth of knowledge on the company, investing, and modern events. At one point, the legendary investor talked about leading electric vehicle maker Tesla Inc., commenting specifically on their recent pivot to releasing robotaxis and a true fully self-driving technology. While Tesla isn't the only company that has self-driving software, it is one of the most advanced. But it's st
MoneySmart
Best Bank Offers in Singapore (May 2024): $158 Singapore Airlines Flights, Win $12,000 NTUC shopping vouchers, and More
Everybody loves credit card sign-up promotions, but not many of us realise the promotions don’t end with a welcome gift. Banks actually shower us with tons of lifestyle deals and... The post Best Bank Offers in Singapore (May 2024): $158 Singapore Airlines Flights, Win $12,000 NTUC shopping vouchers, and More appeared first on MoneySmart Blog.
Reuters SG
UPDATE 3-Singapore Airlines posts record annual profit, flags challenging macro
Singapore Airlines on Wednesday posted a record annual profit and raised its dividend, reflecting strong travel demand in North Asia, but flagged geopolitical woes, supply chain snags and fierce competition as challenges facing the sector. Singapore Airlines said the demand for air travel remained "healthy" in the first quarter of fiscal 2024-2025 on the back of a pick up in forward bookings in North and South East Asia. It also declared a final dividend of 38 Singapore cents apiece, higher than the 28 Singapore cents a year ago.
Bloomberg
Chinese silver trading powerhouse eyes expansion in Singapore
The company hopes to grow its trading team in Singapore from the current four to 15 to 20, said its general manager Eric Hu.
AFP News
Stock markets set records, dollar slides as US inflation cools
Stock markets struck record highs Wednesday after official data showed US inflation cooled slightly in April, raising hopes that the Federal Reserve will cut interest rates in the coming months.Given the inflation data "combined with Powell's reiteration yesterday that the bar to rate hikes remains very high, it looks like stocks have a clear path to make another run at record highs," said IG analyst Chris Beauchamp.
Reuters
China's Tencent Q1 revenue tops forecasts as ad sales, business services shine
HONG KONG (Reuters) -China's Tencent Holdings posted a 6% rise in first-quarter revenue on Tuesday, beating analyst expectations, on strong growth in advertising sales and business services. China's biggest internet company and operator of the WeChat messaging platform said revenue reached 159.5 billion yuan ($22.04 billion) for the three months ended March 31. It's the fifth straight quarter of revenue growth as the company recovers from a regulatory crackdown by Beijing in 2022.

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Asana to Announce First Quarter Fiscal Year 2025 Financial Results on Thursday, May 30, 2024

Latest stories

DBS, OCBC or UOB: Which of the Three Singapore Banks Should You Buy?

Best Fixed Deposit Rates in Singapore (May 2024)—Rates Up To 3.75%, Minimum Deposits From $500

Warren Buffett "Guaranteed" He'd Get 50% Annual Returns With Only $1 Million As Berkshire's Cash Hoard Soars To Over $189 Billion

Unveiling 3 SGX Dividend Stocks With Yields Up To 7.4%

OCBC Launched a Takeover Offer for Great Eastern: Positive or Negative for Investors?

McDonald’s, Apple and Tesla can’t bet on making a fortune in China anymore

Boustead Singapore Limited (SGX:F9D) insiders seem bullish, own 46% and have been buying more recently

Beijing may buy unsold homes to help market: report

5 REITs That Just Received Price Target Increases

Inflation pressures ease in April as consumer prices rise at slowest pace in three months

Compared to Estimates, Sea Limited (SE) Q1 Earnings: A Look at Key Metrics

Alibaba Stock Dips as Huge Investment Losses In Q4 Overshadow Revenue Growth and Dividend

Dollar slips after unexpected rise in US producer prices

Strong services fan US producer inflation in April

Warren Buffett Says Tesla Achieving Full Self-Driving Would Be "Good For Society And Bad For Insurance Companies Volume"

Best Bank Offers in Singapore (May 2024): $158 Singapore Airlines Flights, Win $12,000 NTUC shopping vouchers, and More

UPDATE 3-Singapore Airlines posts record annual profit, flags challenging macro

Chinese silver trading powerhouse eyes expansion in Singapore

Stock markets set records, dollar slides as US inflation cools

China's Tencent Q1 revenue tops forecasts as ad sales, business services shine