Company News for Apr 17, 2024

The Telegraph
China’s $170bn gold rush triggers Taiwan invasion fears
China has built up a $170bn (£135bn) stockpile of gold after a record buying spree, in a move that has raised fears Beijing is preparing its economy for a possible conflict over Taiwan.
10 hours ago
The Guardian
Cash is king — for now: China signals it will slow transition to cashless society
With tourists struggling to access the two primary digital payment apps, Alipay and WeChat pay, Beijing has put measures in place to make cash payments easier
2 days ago
Barrons.com
The Fed Won’t Cut Rates at This Week’s Meeting. Focus on This Instead.
The Federal Reserve’s policy committee will confer on Tuesday and Wednesday, with officials likely to confirm a cautious and gradual approach to changing interest rates in 2024. The Fed’s balance sheet plans may get more attention. The Federal Open Market Committee will conclude the two-day meeting on Wednesday.
a day ago
Simply Wall St.
Sheng Siong Group Ltd (SGX:OV8) Looks Like A Good Stock, And It's Going Ex-Dividend Soon
It looks like Sheng Siong Group Ltd ( SGX:OV8 ) is about to go ex-dividend in the next 3 days. The ex-dividend date...
2 days ago
The Smart Investor
iFAST’s Dividend Climbs 30% as its Latest Quarter Net Profit Leaps 387%: 5 Things Investors Need to Know
The fintech saw strong growth from its Hong Kong ePension project while its digital bank division attracted higher deposits. The post iFAST’s Dividend Climbs 30% as its Latest Quarter Net Profit Leaps 387%: 5 Things Investors Need to Know appeared first on The Smart Investor.
2 days ago
The Edge Singapore
Seatrium to establish $100 mil share buyback programme
Depending on the prices at which the shares are repurchased, the buyback programme could take more than a year to be completed.
2 days ago
Reuters
Singtel falls up to 3% after $2.3 billion impairment
The impairment provisions would lead to the telecom giant reporting a net loss for the second-half period and a lower net profit for the full-year ended March 31, 2024, according to Singtel. Shares of Singtel were down 2.5% during Monday midday at S$2.35 per share, underperforming the broader benchmark stock index's 0.2% decline. "Singtel highlighted that this won't impact its dividend which is based on 70% to 90% of the underlying net income while the non-cash impairment charges will be booked as one offs," Maybank Research analyst Hussaini Saifee wrote in a research note on Monday.
2 days ago
Reuters SG
UPDATE 2-Singtel sees $2.3 bln impairment hit, net loss in 2024 second-half
Singapore Telecommunications on Monday forecast non-cash impairment provisions of S$3.1 billion ($2.28 billion) for second-half of 2024 which would lead to the telecom giant reporting a net loss for the period. The company also warned that it would report a lower net profit for the full-year ended March 31, 2024. About S$2 billion of the total impairment provision originates from its mobile network operation unit, Optus' goodwill, Singtel, Southeast Asia's largest telecom operator, said in its filing.
2 days ago
AFP News
Chinese tech giant Huawei profit surges 564%, biting into Apple sales
Tech giant Huawei's first-quarter profits surged over fivefold year-on-year, a company filing showed Tuesday, as the US-sanctioned firm continues a rebound and bit into competitor Apple's sales in China.Net profit in the January-March period amounted to $2.7 billion, up 564 percent from the first quarter of last year, according to a results filing by Huawei's holding company on an official website and confirmed by a representative of the firm.
4 hours ago
Insider Monkey
What is an Annuity for Retirement? 15 Dividend Stocks to Buy Instead
In this article, we discuss what is an annuity for retirement and 15 dividend stocks to buy instead. You can skip our detailed analysis on the subject, and go directly to read What is an Annuity for Retirement? 5 Dividend Stocks to Buy Instead. For many Americans approaching retirement age, one of the most significant […]
2 days ago
The Smart Investor
4 Singapore Stocks to Watch for in May
Here are four Singapore stocks you can keep a lookout for in May. The post 4 Singapore Stocks to Watch for in May appeared first on The Smart Investor.
6 hours ago
Reuters
Chinese property shares rally on stimulus hopes
HONG KONG (Reuters) -Shares of Chinese property developers rallied on Monday on speculation more stimulus measures are likely to be unveiled this week aimed at clearing inventory, boosting sales and lifting home purchase restrictions. Hong Kong's Hang Seng Mainland Properties Index jumped 4.3% in the morning session, while mainland China's CSI 300 Real Estate Index surged 6.9%, both to near four-month highs. Private property developers including Sunac China, and defaulted Shimao Group, KWG Group, Zhenro Properties, Fantasia and Kaisa Group, all gained more than 20%.
a day ago
Reuters
India's Tata Sons raises stake in Tata Play, Temasek exits, Economic Times reports
Tata Sons, the holding company of India's Tata Group, has increased its stake in satellite TV provider Tata Play to 70% by buying a 10% stake from Singapore state investment firm Temasek for about $100 million, the Economic Times reported on Tuesday. Tata Play has informed the Ministry of Information and Broadcasting about the change in shareholding, complying with regulations governing direct-to-home (DTH) companies, according to the report, which cited people familiar with the matter.
12 hours ago
AFP News
China's EV giant BYD misses Q1 revenue estimates
Major Chinese electric carmaker BYD reported lower-than-expected revenue for the first quarter of 2024 on Monday, as an aggressive domestic price war and Western regulatory pressure weighed on the company's growth.Its profit in the first quarter was 4.57 billion yuan, up 10.62 percent from a year ago, BYD said on Monday.
a day ago
Yahoo Finance
Stock market today: US stocks set to snap 5-month win streak with Fed, Amazon in focus
Investors marked time ahead of the Fed's rate decision, with earnings from Amazon on deck to test prospects for a Big Tech-fueled bump.
48 minutes ago
Benzinga
'I'm 53 Years Old, Have Absolutely Nothing For Retirement, I'm $50,000 In Debt, And I Want A Divorce' — Dave Ramsey's Advice To Truck Driver
A 53-year-old trucker named Donny called into "The Ramsey Show" asking Dave Ramsey and co-host Dr. John Delony for advice on finding a way out of his distressing circumstances. Donny's initial admission set the tone. “I'm 53 years old, have absolutely nothing for retirement, I'm $50,000 in debt, and I want a divorce,” he said. Don't Miss: The shocking amount the average American would save by now if they started an account in 2010 with today’s high yield savings rates will make you run to open y
22 hours ago
GOBankingRates
15 Most Important Assets That Increase Your Net Worth
Your net worth is more than just the balance in your bank account. It's a measure of your financial health. For You: Mark Cuban Reveals Why He Keeps a Strict Budget EverydayTry This: 6 Unusual Ways To...
a day ago
Reuters
L'Occitane's billionaire owner close to possible $7 billion buyout bid, Bloomberg reports
Chairman Reinold Geiger's investment holding company, L'Occitane Groupe SA, is considering an offer for the Hong-Kong listed firm's shares he does not already own, at HK$33 to HK$34 per share, the report said, citing people familiar with the matter. Earlier in the month, Reuters reported that Geiger was in advanced discussions with investors and lenders and was planning to make an attempt to buy out the company, months after he had shelved a previous attempt, according to two sources. A possible offer could value L'Occitane at about 6.5 billion euros ($6.95 billion), Bloomberg reported, adding that Blackstone Inc's tactical opportunities fund and Goldman Sachs Asset Management may provide around 1.6 billion euros in funding.
2 days ago
Insider Monkey
Jim Cramer is Recommending These 10 Stocks Heading Into May 2024
In this article, we will take a detailed look at the latest stocks Jim Cramer is recommending. If you want to skip our detailed analysis and see the top 5 stocks in this list, click Jim Cramer is Recommending These 5 Stocks Heading Into May 2024. Jim Cramer is concluding April by talking about some specific […]
4 hours ago
CoinDesk
Is Bitcoin's Bull Market Over?
According to veteran analyst Peter Brandt's exponential decay chart, bitcoin’s (BTC) recent price high of near $74,000 has already topped according to historical data. Has bitcoin's bull cycle already ended? CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
23 hours ago

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Company News for Apr 17, 2024

Latest stories

China’s $170bn gold rush triggers Taiwan invasion fears

Cash is king — for now: China signals it will slow transition to cashless society

The Fed Won’t Cut Rates at This Week’s Meeting. Focus on This Instead.

Sheng Siong Group Ltd (SGX:OV8) Looks Like A Good Stock, And It's Going Ex-Dividend Soon

iFAST’s Dividend Climbs 30% as its Latest Quarter Net Profit Leaps 387%: 5 Things Investors Need to Know

Seatrium to establish $100 mil share buyback programme

Singtel falls up to 3% after $2.3 billion impairment

UPDATE 2-Singtel sees $2.3 bln impairment hit, net loss in 2024 second-half

Chinese tech giant Huawei profit surges 564%, biting into Apple sales

What is an Annuity for Retirement? 15 Dividend Stocks to Buy Instead

4 Singapore Stocks to Watch for in May

Chinese property shares rally on stimulus hopes

India's Tata Sons raises stake in Tata Play, Temasek exits, Economic Times reports

China's EV giant BYD misses Q1 revenue estimates

Stock market today: US stocks set to snap 5-month win streak with Fed, Amazon in focus

'I'm 53 Years Old, Have Absolutely Nothing For Retirement, I'm $50,000 In Debt, And I Want A Divorce' — Dave Ramsey's Advice To Truck Driver

15 Most Important Assets That Increase Your Net Worth

L'Occitane's billionaire owner close to possible $7 billion buyout bid, Bloomberg reports

Jim Cramer is Recommending These 10 Stocks Heading Into May 2024

Is Bitcoin's Bull Market Over?