RHB lifts Frasers Centrepoint Trust target price by 10.2% on improved H2 earnings, asset enhancements

RHB lifts Frasers Centrepoint Trust target price by 10.2% on improved H2 earnings, asset enhancements

[SINGAPORE] RHB raised its target price for Frasers Centrepoint Trust (FCT) and maintained its “buy” rating, citing steady H2 earnings alongside tailwinds from asset enhancements and falling interest rates. This comes as FCT on Thursday (Oct 23) posted a higher H2 distribution per unit of S$0.06059, as its revenue rose 14.3 per cent to S$205.2…

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Brand Building: The Foundation of Marketing Success

Brand Building: The Foundation of Marketing Success

When we decided to partner Hawke Media with STS, we recognized an untapped opportunity in the brand development space. Great marketing isn’t just about clever campaigns or strategic advertising—it starts with a solid brand foundation. Building a strong brand identity creates the consistency needed across all marketing channels. This consistency is what builds consumer trust…

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Rivian to cut 600 jobs as loss of EV tax credit hits demand: source

Rivian to cut 600 jobs as loss of EV tax credit hits demand: source

[IRVINE, California] Rivian Automotive will lay off employees as the electric-vehicle maker contends with weakening demand following the expiry of key US tax credits that had supported sales, a person familiar with the matter told Reuters on Thursday (Oct 23). Media reports earlier in the day pegged the number at around 600 workers and said…

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Standard Chartered issues payment demand to mm2 Asia units over S$905,000 debt

Standard Chartered issues payment demand to mm2 Asia units over S5,000 debt

[SINGAPORE] Standard Chartered has issued letters of demand to two associated companies of entertainment group mm2 Asia, seeking repayment of S$905,582.87 by Thursday (Oct 23). The letters, dated Oct 16, were addressed to mm Connect and Cathay Cineplexes, for which mm2 Asia acted as guarantor. Cathay Cineplexes ceased operations in September after entering voluntary liquidation.…

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Suntec Reit’s Q3 DPU rises to S$0.01778

Suntec Reit’s Q3 DPU rises to Salt=

The improvement comes amid stronger operational performance of its Singapore portfolio and lower financing costs [SINGAPORE] The manager of Suntec Real Estate Investment Trust (Reit) on Thursday (Oct 23) posted a distribution per unit (DPU) of S$0.01778 for its third quarter ended Sep 30, up from S$0.0158 for the previous corresponding period. Distributable income was…

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