Straits Times Index
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SoftBank Group Corp. (9984.T)
| Previous close | 9,365.00 |
| Open | 9,302.00 |
| Bid | 9,156.00 x 0 |
| Ask | 9,175.00 x 0 |
| Day's range | 9,127.00 - 9,428.00 |
| 52-week range | 5,639.00 - 12,180.00 |
| Volume | |
| Avg. volume | 9,045,124 |
| Market cap | 13.448T |
| Beta (5Y monthly) | 0.80 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | -174.31 |
| Earnings date | 07 Aug 2024 |
| Forward dividend & yield | 44.00 (0.48%) |
| Ex-dividend date | 27 Sept 2024 |
| 1y target est | 11,866.00 |
ReutersSoftBank-backed Ola Electric suspends India car project to focus on scooters, bikes, sources say
India's IPO-bound Ola Electric has suspended its electric car launch plans as the Softbank-backed company wants to focus on its e-scooter business, two people with direct knowledge of the decision said. Ola's founder Bhavish Aggarwal laid out plans in 2022 to launch an electric sports car with an all-glass roof in two years that could reach 100 km per hour within four seconds. Aggarwal reiterated those plans as recently as Sept. 2023 in an interview with Forbes, but the two sources said the project is now suspended ahead of its planned August IPO, where it is set to raise around $660 million.
The TelegraphAbu Dhabi-backed fund invests $100m in British microchip champion
An Abu Dhabi-backed firm has invested $100m (£77m) in one of Britain’s biggest microchip companies as the Gulf state seeks to become a major player in artificial intelligence (AI).
- Reuters SG
Deals of the day-Mergers and acquisitions
** Italian regional utility Dolomiti Energia said it would buy the 40% it does not already own in its unit Hydro Dolomiti Energia (HDE) from Australian investor Macquarie for 401.5 million euros. ** Brazilian utility giant Eletrobras has filed for a secondary sale of up to 130 million preferred shares it owns in power transmission firm Isa Cteep, it said in a securities filing. ** Qingdao Port International said it agreed to purchase assets from Rizhao Port and Yantai Port for 9.44 billion yuan ($1.30 billion) as part of its restructuring efforts.
