Stocks to watch: CapitaLand Investment, CapitaLand China Trust, Frasers Hospitality Trust, TalkMed, Low Keng Huat, IReit Global

Stocks to watch: CapitaLand Investment, CapitaLand China Trust, Frasers Hospitality Trust, TalkMed, Low Keng Huat, IReit Global

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Sep 12): CapitaLand Investment (CLI) ; CapitaLand China Trust (CLCT) : CapitaLand Commercial C-Reit’s (CLCR) public offer was 535.2 times subscribed, said CLI on Friday. CLCR also achieved a subscription coverage of 254.5 times from institutional investors during the…

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Apple analyst sentiment hits five-year low after two downgrades

Apple analyst sentiment hits five-year low after two downgrades

[NEW YORK] Apple was hit with a pair of downgrades on Thursday (Sep 11), in the latest sign of caution towards the iPhone maker, which has sharply underperformed its large-cap tech peers this year. With the downgrades, Apple’s recommendation consensus – a proxy for the ratio of buy, hold, and sell ratings – has dropped…

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Low Keng Huat sinks into the red with S$10.2 million net loss in H1

Low Keng Huat sinks into the red with S.2 million net loss in H1

The property developer’s half-year revenue tumbles 85% to S$38.7 million, from S$257.9 million the previous year [SINGAPORE] Property developer Low Keng Huat has sunk into the red with a net loss of S$10.2 million for its first half ended Jul 31, compared with a net profit of S$5.8 million in the previous corresponding period. Its…

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Singapore stocks end higher amid mixed regional trading; STI up 0.2%

Singapore stocks end higher amid mixed regional trading; STI up 0.2%

On the STI, UOL is the top gainer, up 3.9%; Thai Beverage is the biggest decliner, shedding 1.1% [SINGAPORE] Local stocks tracked overnight gains on Wall Street, amid mixed regional trading on Wednesday (Sep 11). The benchmark Straits Times Index (STI) gained 0.2 per cent or 9.36 points to 4,355.82. Across the broader market, gainers…

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Chinese carmakers may keep price advantage despite Mexico levies

Chinese carmakers may keep price advantage despite Mexico levies

[MEXICO CITY] Mexico’s plan to levy tariffs of up to 50 per cent on vehicles from China may not unduly impact the Asian nation’s auto manufacturers whose inherently lower production costs mean their cars are still competitive. BYD, the world’s biggest maker of electric cars based in Shenzhen, sells its Dolphin Mini, a small hatchback…

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