Company News for June 6, 2024

The Smart Investor
Worried About Troubles in the REIT Sector? These 4 Singapore REITs Should Provide Peace of Mind
The REIT sector may be facing headwinds, but these four REITs should provide you with peace of mind. The post Worried About Troubles in the REIT Sector? These 4 Singapore REITs Should Provide Peace of Mind appeared first on The Smart Investor.
Yahoo Finance
Latest inflation data provides potential for 'even greater upside' in the stock market rally
Positive developments in inflation data have Wall Street feeling more positive about the outlook for stocks into the end of the year.
The Smart Investor
Searching for Solid Singapore Blue-Chip Stocks? These 4 Could be Perfect for Your Portfolio
If you are looking for dependable blue-chip stocks, you should turn your attention to these four. The post Searching for Solid Singapore Blue-Chip Stocks? These 4 Could be Perfect for Your Portfolio appeared first on The Smart Investor.
Barrons.com
Palantir Stock Rallies. Analyst Starts Coverage With a Buy Rating.
Argus Research analyst Joseph Bonner says the provider of data-analytics software stands to benefit from growing sales to commercial clients.
Simply Wall St.
The past five years for Singapore Telecommunications (SGX:Z74) investors has not been profitable
The main aim of stock picking is to find the market-beating stocks. But even the best stock picker will only win with...
Simply Wall St.
Seatrium Leads Trio Of Value Picks On SGX Based On Estimated Valuations
In recent times, the Singapore market has mirrored global economic trends, showing resilience amid fluctuating interest rates and varying corporate profit rates. As investors seek value in a landscape where public corporations face declining profits relative to their privately held counterparts, identifying undervalued stocks becomes crucial for those looking to optimize potential returns.
Simply Wall St.
Discover 3 SGX Dividend Stocks With Yields Up To 6.1%
In recent times, the Singapore market has faced a backdrop of global financial uncertainties, highlighted by significant events such as the collapse of Terraform Labs which reverberated through the cryptocurrency and broader financial sectors. Such turbulent conditions underscore the importance of stability and reliability in investment choices, qualities often attributed to high-yield dividend stocks.
Benzinga
Elon Musk Sends Shockwaves Through Wall Street With A Bold Embrace Of This "All-Weather" Asset Class
Elon Musk's investments in AI have already netted him billions, but another, more traditional asset class is gaining traction. This year, AI provided a significant, albeit potentially fleeting, boost to the stock market, especially benefiting tech giants like Nvidia and Google. However, amid the hype surrounding AI companies, Elon Musk is turning his attention to a more established segment of the market. He’s not alone in this shift; recently, the Rothschilds sold this asset to the Dutch governm
Zacks
Alibaba (BABA) Laps the Stock Market: Here's Why
Alibaba (BABA) closed at $74.55 in the latest trading session, marking a +1.64% move from the prior day.
Insider Monkey
NVIDIA Corporation (NYSE:NVDA) VS AMD: Who Will Win the AI PC Race?
We recently published a list of the 8 Best AI PC Stocks to Buy Now. Since NVIDIA Corporation (NYSE:NVDA) ranks 2nd in the list, it deserves a deeper look. When the AI revolution began with the launch of ChatGPT, no one would have thought that down the road it would bring a huge growth catalyst […]
Reuters
Adidas shares fall on investigation into China corruption allegation
"Adidas takes allegations of possible compliance violations very seriously and is clearly committed to complying with legal and internal regulations and ethical standards in all markets where we operate," it said in a statement. Adidas shares were down 4% at 216 euros by 1030 GMT. The claims "highlight the challenges many companies face in maintaining consistent oversight and control of their digital operations in the Chinese market," said Jacques Roizen, managing director of China consulting at Digital Luxury Group in Shanghai.
Yahoo Finance Video
Nvidia secures price target lift from Susquehanna
Susquehanna Financial Group has issued a bullish outlook on Nvidia (NVDA) stock, setting a record price target after the company's recent 10-for-1 stock split. The firm has raised its price target on the semiconductor giant from $145 to $160, the highest target among Wall Street analysts. Yahoo Finance's Seana Smith and Madison Mills break down the details. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
CNN Business
Electric SUV maker Fisker files for bankruptcy
Fisker, a US electric vehicle startup, said Tuesday it had filed for bankruptcy.
Reuters SG
Singapore's Temasek to sell Pavilion Energy to Shell
Singapore's global investment company Temasek said on Tuesday it has agreed to sell 100% of its shares in liquefied natural gas (LNG) trading firm Pavilion Energy to Shell. The announcement confirmed a Reuters' report last Thursday saying Temasek was finalising the Pavilion Energy sale to Shell in the coming days in a deal worth hundreds of millions of U.S. dollars. Temasek did not disclose financial details of the sale in the statement.
Insider Monkey
Is Arm Holdings Plc (NASDAQ:ARM) the Best AI PC Stock to Buy Now?
We recently published a list of the 8 Best AI PC Stocks to Buy Now. Since Arm Holdings Plc (NASDAQ:ARM) ranks 8th on the list, it deserves a deeper look. When the AI revolution began with the launch of ChatGPT, no one would have thought that down the road it would bring a huge growth […]
AFP News
Stock markets mostly rise before US data
Major stock markets made solid gains and the dollar firmed Tuesday after more tech-driven record highs on Wall Street and as investors awaited fresh US economic data for a better handle on the outlook for inflation.Investors brushed aside data Tuesday showing German investor confidence rose less than expected in June after Europe's top economy saw an uptick in inflation following months of decline.
Reuters
China's factory output disappoints, property sector stuck in doldrums
BEIJING (Reuters) -China's May industrial output lagged expectations and a slowdown in the property sector showed no signs of easing despite policy support, adding pressure on Beijing to shore up growth. Apart from retail sales that beat forecasts due to a holiday boost, the flurry of data on Monday was largely downbeat, underscoring a bumpy recovery for the world's second-largest economy. May industrial output grew 5.6% from a year earlier, National Bureau of Statistics (NBS) data showed, slowing from the 6.7% pace in April and below expectations for a 6.0% increase in a Reuters poll of analysts.
Reuters
Goldman Sachs raises S&P 500 year-end target to 5,600
Microsoft, Nvidia, Google, Amazon.com, and Meta Platforms have collectively surged by 45% and now comprise 25% of the S&P 500 equity cap, the brokerage wrote in a note after markets closed on Friday. The upgraded target reflects an upside of about 3.1% to the index's last close of 5,431.60. The brokerage expects roughly unchanged real yields by the year-end and strong earnings growth to support a 15x P/E for the equal-weight S&P 500 Index.
Reuters SG
UPDATE 2-KKR-SingTel consortium to invest $1.3 billion in ST Telemedia Global Data Centres
A consortium of U.S. investment firm KKR and Singapore Telecommunications will invest S$1.75 billion ($1.3 billion) in ST Telemedia Global Data Centres, one of Asia's biggest data centre providers, the parties said on Tuesday. Reuters reported in late May that the KKR-SingTel consortium had emerged as the frontrunner to buy a minority stake worth some $1 billion in Singapore-based ST Telemedia Global Data Centres (STT GDC).
MediaOutReach
Kenanga Investment Bank Berhad Appoints Angeline-Ong Su Ming as Independent Non-Executive Director
KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 18 June 2024 - Kenanga Investment Bank Berhad has appointed Angeline-Ong Su Ming as its Independent Non-Executive Director with effect from 4 June 2024. Angeline-Ong Su Ming, Independent Non-Executive Director of Kenanga Investment Bank Berhad A seasoned banker with 24 years of experience in wholesale banking, Angeline-Ong brings with her, vast experience and expertise in corporate finance, market risk management, derivative sales and structurin

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Company News for June 6, 2024

Latest stories

Worried About Troubles in the REIT Sector? These 4 Singapore REITs Should Provide Peace of Mind

Latest inflation data provides potential for 'even greater upside' in the stock market rally

Searching for Solid Singapore Blue-Chip Stocks? These 4 Could be Perfect for Your Portfolio

Palantir Stock Rallies. Analyst Starts Coverage With a Buy Rating.

The past five years for Singapore Telecommunications (SGX:Z74) investors has not been profitable

Seatrium Leads Trio Of Value Picks On SGX Based On Estimated Valuations

Discover 3 SGX Dividend Stocks With Yields Up To 6.1%

Elon Musk Sends Shockwaves Through Wall Street With A Bold Embrace Of This "All-Weather" Asset Class

Alibaba (BABA) Laps the Stock Market: Here's Why

NVIDIA Corporation (NYSE:NVDA) VS AMD: Who Will Win the AI PC Race?

Adidas shares fall on investigation into China corruption allegation

Nvidia secures price target lift from Susquehanna

Electric SUV maker Fisker files for bankruptcy

Singapore's Temasek to sell Pavilion Energy to Shell

Is Arm Holdings Plc (NASDAQ:ARM) the Best AI PC Stock to Buy Now?

Stock markets mostly rise before US data

China's factory output disappoints, property sector stuck in doldrums

Goldman Sachs raises S&P 500 year-end target to 5,600

UPDATE 2-KKR-SingTel consortium to invest $1.3 billion in ST Telemedia Global Data Centres

Kenanga Investment Bank Berhad Appoints Angeline-Ong Su Ming as Independent Non-Executive Director