Company News For May 13, 2024

Barrons.com
Fed Rate Cuts Are Coming. Get Ready for the Stock Market’s Next Phase.
While the Nasdaq Composite is at a record high, some experts believe that a shift is coming in the market.
Simply Wall St.
City Developments (SGX:C09) investors are sitting on a loss of 19% if they invested five years ago
Ideally, your overall portfolio should beat the market average. But in any portfolio, there will be mixed results...
The Smart Investor
Are Singapore REITs Attractive Right Now? Here are 4 Factors You Should Watch Out for
With the REIT sector in the doldrums for the past two years, is there light at the end of the tunnel? The post Are Singapore REITs Attractive Right Now? Here are 4 Factors You Should Watch Out for appeared first on The Smart Investor.
Reuters
KKR-SingTel consortium frontrunner to buy $1 billion stake in data centre provider, sources say
A consortium of U.S. investment firm KKR and Singapore Telecommunications (SingTel) has emerged as the frontrunner to buy a minority stake worth $1 billion in one of Asia's biggest data centre providers, two sources said. The potential investment in ST Telemedia Global Data Centres (STT GDC) reflects growing interest and demand for data centres across Asia Pacific as nations and companies respond to the boom in artificial intelligence.
The Smart Investor
5 Singapore Stocks That Increased Their Dividends by 20% or More
Gunning for higher dividends? Here are five stocks that upped their dividends by 20% or more. The post 5 Singapore Stocks That Increased Their Dividends by 20% or More appeared first on The Smart Investor.
Barrons.com
Bitcoin Slips. Why the Market Is Nervous.
Bitcoin prices slip after a number of wallets linked to Mt. Gox moved billions worth of Bitcoin into a single wallet Tuesday.
Reuters
Bond yields climb, stocks under pressure as Fed cut doubts resurface
TOKYO (Reuters) -U.S. Treasury yields pushed to a near four-week peak on Wednesday, lifting their Asia-Pacific counterparts and the dollar while pressuring equities, as data sowed new doubts about the timing and extent of Federal Reserve rate cuts. Benchmark U.S. 10-year yields ticked up as high as 4.568% in Tokyo trading hours, a level not seen since May 3, following poorly received two- and five-year Treasury auctions overnight. Investors were also caught off-guard by a sharp improvement in a U.S. consumer confidence measure for May. Economists had predicted a fourth straight month of weaker confidence, particularly after a tepid reading for the University of Michigan's analogous survey result from Friday.
Reuters
Japan net external assets hit record high in 2023, remains world's top creditor
Japan's net external assets rose to a record 471.3 trillion yen ($3 trillion) in 2023, increasing for a sixth straight year, as a weak yen and overseas corporate acquisitions boosted the value of its foreign assets, the Ministry of Finance said on Tuesday. As a result, Japan retained its position as the world's top creditor, followed by Germany with 454.8 trillion of net external assets and China with 412.7 trillion yen as of the end of 2023, according to the ministry. A weak yen, coupled with a rise in direct investment overseas, helped Japan post a 51 trillion yen annual increase in the value of net external assets held by the Japanese government, businesses and individuals.
Simply Wall St.
Institutional owners may consider drastic measures as Baidu, Inc.'s (NASDAQ:BIDU) recent US$3.0b drop adds to long-term losses
Key Insights Significantly high institutional ownership implies Baidu's stock price is sensitive to their trading...
AFP News
Oil rises, stock markets mixed before key inflation data
Oil prices rose Tuesday on tensions in the Middle East while stock markets wavered as investors awaited key inflation data later this week. "Risk sentiment has faltered in recent weeks, and global stock markets have experienced a mild sell off as the focus shifts to a plethora of economic data that is released this week," said XTB research director Kathleen Brooks.
Benzinga
Jeff Bezos Tells Investors, 'A Single Winning Bet Can More Than Cover The Cost Of Many Losers' — All You Need Is One Win
Jeff Bezos, one of the wealthiest and most successful individuals, often shared valuable lessons in his annual letters to Amazon shareholders before retiring as CEO. While these letters focused on Amazon, they also provided universal insights applicable to investors everywhere. A key piece of advice from Bezos' 2018 letter encapsulates his approach to risk and reward. He wrote, "The good news for shareowners is that a single big winning bet can more than cover the cost of many losers." This stat
The Edge Singapore
Yoma Strategic swings back into the black with FY2024 net profit of US$21.2 mil, core ebitda up 160.5% y-o-y
Revenue grew by 78.6% y-o-y, reaching a record US$220.8 million in FY2024.
Investing.com
Alibaba Health surges 13% on strong FY earnings
Investing.com-- Shares of Alibaba Health Information Technology (HK:0241) rose sharply on Tuesday after the firm clocked a sharp jump in its annual earnings on improved margins and strong demand for healthcare services and pharmaceuticals on its platforms.
Simply Wall St.
Olam Group (SGX:VC2) investors are sitting on a loss of 15% if they invested five years ago
Olam Group Limited ( SGX:VC2 ) shareholders should be happy to see the share price up 27% in the last quarter. But if...
Barrons.com
Nvidia Stock Got an Elon Musk Boost. It’s Narrowing the Valuation Gap With Apple.
Elon Musk’s xAI says it raised $6 billion in its latest funding round. Plenty of that cash should flow to Nvidia.
Reuters
Rupee lingers in narrow band even as most Asian currencies inch up
The Indian rupee was little changed on Tuesday, unable to gain from an uptick in most Asian peers, with traders anticipating rangebound moves until the outcome of India's general election. The dollar index dipped 0.1% to 104.4 while most Asian currencies rose, with the Korean won up 0.6%, leading gains. Analysts expect the rupee to mostly trade sideways heading into the India's election results, due on June 4.
Benzinga
FED Warns Against Rising Delinquency Rates, Calls It A "Leading Indicator That Things Are About To Get Worse"
Austan Goolsbee, President of the Chicago Federal Reserve Bank, highlighted that consumer delinquencies are among the most worrisome economic indicators currently being monitored. His concerns now appear prescient as new data reveal a significant uptick in delinquency rates in the first quarter of 2024. "If the delinquency rate of consumer loans starts rising, that is often a leading indicator that things are about to get worse," Goolsbee stated. Recent figures from the Federal Reserve published
Moneywise
'Let’s punish predatory short selling': RFK Jr. invests $24,000 in GameStop, promises Wall Street reforms
Meme stocks investors have won an unlikely ally.
Insider Monkey
The Most Densely Populated Country in the World in 2024
In this article, we will reveal the most densely populated country in the world in 2024. If you wish to look at our detailed rankings, you can go to the 30 Most Densely Populated Countries in the World in 2024. According to a United Nations (UN) report, the global population is increasing rapidly. Having tripled […]
Simply Wall St.
Is There Now An Opportunity In Hong Leong Asia Ltd. (SGX:H22)?
Hong Leong Asia Ltd. ( SGX:H22 ), is not the largest company out there, but it had a relatively subdued couple of weeks...

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Company News For May 13, 2024

Latest stories

Fed Rate Cuts Are Coming. Get Ready for the Stock Market’s Next Phase.

City Developments (SGX:C09) investors are sitting on a loss of 19% if they invested five years ago

Are Singapore REITs Attractive Right Now? Here are 4 Factors You Should Watch Out for

KKR-SingTel consortium frontrunner to buy $1 billion stake in data centre provider, sources say

5 Singapore Stocks That Increased Their Dividends by 20% or More

Bitcoin Slips. Why the Market Is Nervous.

Bond yields climb, stocks under pressure as Fed cut doubts resurface

Japan net external assets hit record high in 2023, remains world's top creditor

Institutional owners may consider drastic measures as Baidu, Inc.'s (NASDAQ:BIDU) recent US$3.0b drop adds to long-term losses

Oil rises, stock markets mixed before key inflation data

Jeff Bezos Tells Investors, 'A Single Winning Bet Can More Than Cover The Cost Of Many Losers' — All You Need Is One Win

Yoma Strategic swings back into the black with FY2024 net profit of US$21.2 mil, core ebitda up 160.5% y-o-y

Alibaba Health surges 13% on strong FY earnings

Olam Group (SGX:VC2) investors are sitting on a loss of 15% if they invested five years ago

Nvidia Stock Got an Elon Musk Boost. It’s Narrowing the Valuation Gap With Apple.

Rupee lingers in narrow band even as most Asian currencies inch up

FED Warns Against Rising Delinquency Rates, Calls It A "Leading Indicator That Things Are About To Get Worse"

'Let’s punish predatory short selling': RFK Jr. invests $24,000 in GameStop, promises Wall Street reforms

The Most Densely Populated Country in the World in 2024

Is There Now An Opportunity In Hong Leong Asia Ltd. (SGX:H22)?