The Daily Edge

OCBC builds Wing Hang Bank stake as takeover gains traction: Update

Oversea-Chinese Banking Corp., Southeast Asia’s second-largest lender, moved closer to a full takeover of Hong Kong’s Wing Hang Bank after investor acceptances for the bid accelerated in the past week. OCBC, based in Singapore, raised its stake in its target by almost 11 percentage points to 67.8% in the five days to July 22, filings with Hong Kong’s Securities and Futures Commission...

Tiger Airways to look for growth overseas after loss widens

Tiger Airways Holdings, a low- cost carrier partly owned by Singapore Airlines, said it’s seeking to forge alliances with other airlines to boost overseas revenue after losses widened. The carrier plans to focus initially on filling its planes with passengers, and then on improving yields through partnerships to raise earnings, Chief Executive Officer Lee Lik Hsin told reporters in a conference...

July 24: Cambridge REIT, CRCT, Pteris Global, Tiger Air

The Straits Times Index (STI) on Wednesday ended 23.79 points higher or +0.72% to 3340.70, taking the year-to-date performance to +5.55%. The top active stocks were DBS (+1.70%), Global Logistic (+2.21%), UOB (+1.31%), Wilmar Intl (+0.62%), Spackman (+2.15%). Here are some stocks and factors to watch this Thursday morning: Cambridge Industrial Trust has announced a distribution per unit (DPU)...

Singapore home prices set to extend declines, Keppel Land says

Home prices in Singapore will probably extend declines as the government sticks with curbs, according to Keppel Land, signaling further losses for Asia’s second-most expensive housing market. “Home prices are expected to continue to moderate,” Chief Executive Officer Ang Wee Gee said at a results briefing yesterday. “Singapore is unlikely to relax property-cooling measures...

Lian Beng posts full-year earnings of $87 mil

Lian Beng Group, the construction company cum developer, said it achieved record revenue and net profit of $753.9 million and $127 million respectively for its financial year ended 31 May 2014 (FY2014). Full-year revenue surged 49.1% while net profit was up 38.7%. Correspondingly, profit to shareholders improved 19.4% to $87.1 million.

Tiger Airways 1Q loss widens, outlook weak

Ascendas REIT announces DPU of 3.64 cents for 1Q

Tiger Airways seeks alliances to boost sales outside Singapore

Keppel Land posts 12.3% rise in 2Q earnings to $107 mil

Pteris Global shareholders approve RTO deal

OCBC’s Wing Hang Bank stake increases as takeover gains traction

Cordlife Group partners China Cord Blood Corporation to help Asian patients

AusGroup to acquire Ezion’s Teras Australia unit for $55 mil

Sales of super sports cars down to a trickle

LME approves BTG Pactual to operate warehouses in Singapore

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Lim Yin Foong: UK big four supermarkets losing market share to discounters

Lim Yin Foong: UK big four supermarkets losing market share to discounters

COST CONSCIOUS CONSUMERS like myself are spoilt for choice these days where grocery shopping in the UK is concerned. Every other week, I receive a booklet of discount vouchers from one of the main British supermarkets, ranging from a “£6 ($13) off a £40” shop to various discounts...

Daryl Guppy: Growth and ‘through trains’

Daryl Guppy: Growth and ‘through trains’

IN THE RUSH to analyse Chinese GDP figures, it is easy to forget that an average is made up of figures that are above and below the target growth rate. There is much consternation when the figures are below the target level, but this is part of the normal fluctuation of economic activity. It is disingenuous...

Weekend Comment Jul 17: Geo-political risks rising

REGIONAL EQUITY MARKETS had a rocky start today after Malaysian Airlines flight MH17 crashed near the Ukraine-Russia border. The Straits Times Index managed to end the day in positive territory at 3,310.53 points, up 3.64 points or 0.11%. In Malaysia, however, the FTSE Bursa Malaysia Kuala Lumpur Composite...

Daryl Guppy: Rat traders make a mature market

The Shanghai market is widely viewed by many as being “rife with corruption”. Recently, the China Securities Regulatory Commission widened its probe into “rat trading”, or “front running” as it is known in Western markets. This investigation is aimed mainly at fund...

Manu Bhaskaran: Should we worry about Hong Kong?

INVESTORS SHOULD NOT underestimate the risks arising from the growing political dissonance in Hong Kong. The protests in early July were the largest since 2003, when Hong Kong people, fearing a loss of democratic rights, turned out in force to register their anger at proposals to tighten internal security...

Weekend Comment Jul 11: Osim: Proxy to Asia's rising affluent class

Lim Yin Foong: Flexible working the way of the future

Daryl guppy: Renminbi depreciation under threat as market develops uptrend

Weekend Comment Jul 4: Pacific Radiance ties up with Mexican OSV; No privatisation plans for Wheelock

Manu Bhaskaran: Implications of Iraq crisis for Asia go beyond higher oil prices

Daryl Guppy: Shanghai Index in temporary consolidation

Weekend Comment Jun 27: Oil price today not far off fair value despite Iraq crisis, says Jessop of Capital Economics

Lim Yin Foong: Sharing economy here to stay

Daryl Guppy: China reforms in detail drive business change

Weekend Comment Jun 20: Yangzijiang goes back to basics