May 13 (Reuters) - Grand Banks Yachts Ltd:
* REVENUE GREW 20.7% TO S$94.2 MILLION IN 9M FY2024
* 9M NET PROFIT RISES 92.8% TO S$10.9 MILLION
* CONFIDENT OF LONG-TERM GROWTH OF LUXURY YACHT MARKET Further company coverage:
For many, the main point of investing is to generate higher returns than the overall market. But the main game is to...
As Singapore continues to embrace technological advancements, the recent unveiling of a Web3 digital banking platform by Alchemy Pay highlights the market's progressive adaptation to the evolving landscape of digital finance. In this dynamic environment, high-yield dividend stocks on the SGX offer investors potential stability and consistent returns, qualities that are particularly appealing amid the rapid changes in financial technology and payment systems.
Singtel is increasing dividend for the third year
We compare two popular REITs under the CapitaLand banner to see which makes the better investment. The post Better Buy: CapitaLand Integrated Commercial Trust Vs CapitaLand Ascendas REIT appeared first on The Smart Investor.
Vincent Wasney returned home from cruise in thousands of dollars of medical debt
The company’s new AI chip looks like a runaway hit. Why the shares might resume their long-term rise.
Making a million dollars is no easy task if you're starting from scratch. It's going to take some combination of time, luck and work. Sometimes, though, if you're starting with some money, you can let...
Company says losses are result of recent merger but share price has dropped 13.2% since Friday
Nvidia said Wednesday its quarterly net profit rocketed by seven times year-on-year on demand for its chips to power artificial intelligence in data centers.The California-based company reported a net profit of $14.9 billion, while its revenue of $26 billion was almost four times what it took in during the same fiscal quarter last year.
Power Corporation of Canada (Power Corp) has shut its China investment unit and dismissed all staff, said two people briefed on the matter, becoming the latest Western financial firm to pull back amid the country's economic challenges. Power Sustainable, which is the asset management arm of Power Corp and manages $4.5 billion of assets globally, started laying off all of its 17 local staff in recent weeks as it moved towards shutting down the Shanghai-based unit, said the people. Economic slowdown has seen many of the Western financial firms that scrambled to expand China operations a few years ago take a hit on their earnings and rein in their ambitions for what was a key piece of their global growth strategy.
Over the past five years, there were three US stocks that beat the 93% return of the SPDR S&P 500 ETF (NYSE: SPY). And no, they are not any of the Magnificent 7 stocks. The post Forget the S&P 500 ETF: These 3 US Stocks Gave Better Returns appeared first on The Smart Investor.
STORY: South Korea announced a major $19 billion package for its chip businesses on Thursday (May 23).Seoul made the move amid what it called "all-out warfare" in the global semiconductor market.Authorities want to keep up with other countries in areas like chip design and contract manufacturing.South Korean President Yoon Suk Yeol."As we all know, semiconductors are a field where all-out national warfare is underway. Win or lose, that depends on who can make cutting-edge semiconductors first. We need to provide strong support for semiconductors to ensure that our country doesn't fall behind others in the competition.”It comes months after Yoon said his government would pour all possible resources into the country's chip industry.He said he would extend tax credits on investments in the domestic semiconductor industry to boost employment and attract more talent.South Korea is home to the world's top memory chip makers Samsung and SK Hynix.But the country has fallen behind some rivals in areas like chip design and contract manufacturing.The government said it aimed to boost the country's global market share in non-memory chips, such as mobile processors, to 10% - that would be up from the current 2%.Semiconductors are a hot topic.Countries around the world, ranging from China to the U.S., have invested billions of dollars into supporting their own chip sectors.
Emboldened by China's latest measures and pledges to fix the weakest parts of its struggling economy, domestic investors are scooping up shares in a cheap stock market, while most foreign investors are hopeful but taking it slow. Last week's sweeping measures to support the property sector, which authorities dubbed as historic, were the latest in a series of steps China has taken since February in a bid to boost consumption, funnel state money into priority sectors and underpin the stock market. "To some extent, I think what's been announced isn't yet of a scale that is going to start putting a meaningful kind of tens of percentage points onto GDP," said Sunil Krishnan, head of multi-asset funds at Aviva Investors in London.
A stronger-than-expected revenue forecast from Nvidia after the bell on Wednesday lifted shares of the artificial-intelligence chipmaker and fueled gains in other chip and technology stocks. Shares of Nvidia were last up 3.5% while Advanced Micro Devices was up 1.2% and Broadcom was up 0.8% in after-hours trading. "I believe I heard a collective sigh of relief across Wall Street as many investors and analysts were nervous about Nvidia and the entire tech center ahead of this announcement," said Michael Schulman, chief investment officer at Running Point Capital.
The US Dollar continues to look very strong against the yen, as the interest rate differential continues to be the biggest driver overall. Ultimately, this is a situation where you continue to get paid for hanging onto the long position.
The stock rebounded from a Monday loss sparked by disappointing results from Li Auto. XPeng’s earnings were surprisingly strong.
As global markets navigate through technological advancements and heightened cybersecurity measures, the Singapore Exchange (SGX) remains a focal point for investors looking for stability and potential growth. Amidst these evolving dynamics, dividend stocks like DBS Group Holdings offer a particular appeal due to their potential for regular income and relative resilience in fluctuating markets.
Q2 2024 Analog Devices Inc Earnings Call
A strong US economy and an uptick in inflation led the Federal Reserve's rate-setting committee to conclude that progress against rising prices had stalled, according to minutes of its most recent meeting published Wednesday.The minutes of the two-day Federal Open Market Committee (FOMC) meeting show that policymakers generally felt that "recent data had not increased their confidence that inflation was moving sustainably toward two percent."
Warren Buffett's Berkshire Hathaway (NYSE:BRK) has recently made a significant investment in Chubb Limited (NYSE:CB), acquiring 25,923,840 shares. Chubb, a leading global insurance company, pays an annual dividend of $3.64 per share. Given this substantial stake, Berkshire is poised to receive a considerable amount in dividends. How to Calculate To determine the total annual dividend income from this investment, we multiply the number of shares by the annual dividend per share: Total Annual Divi
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