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How should investors pick their funds?
SINGAPORE (Aug 13): Financial planners say retail investors should do more due diligence before buying into unit trusts, and not buy into funds just because they are associated with a famous brand name and have more market exposure. “Fund performance has little correlation with brand name and market exposure. The key is the fund manager, investment team and processes. Some smaller fund ...
Is bigger better?
SINGAPORE (Aug 13): There is a common perception among retail investors that the larger asset management companies tend to outperform their smaller counterparts in the market. The general opinion is that only fund houses that have the capital to market their products and a strong agency force to distribute their products would have a good track record when it comes to delivering returns to their ...
Thai Beverage reports 61% fall in 3Q earnings to $248 mil
SINGAPORE (Aug 14) Thai Beverage PLC reported 3Q earnings fell 60.7% to THB 6 billion ($248 million) from a year ago due to lower profit from spirits and beer, higher losses from non-alcoholic beverages and lower income contribution from Fraser and Neave and Frasers Property (F&N/FPL). For the 3Q ended June, revenue rose 34.1% to THB 60.8 billion due to higher sales of beer and food to be ...
mm2 Asia posts 13.2% increase in 1Q earnings to $7.3 mil
SINGAPORE (Aug 14): mm2 Asia reported 1Q19 earnings increased by 13.2% to $7.25 million, compared to $6.40 million in 1Q18. This came on the back of the group’s revenue almost doubling to $49.0 million from $24.6 million in the previous year. This was mainly contributed by the group’s business assets from Lotus Fivestar Cinemas in Malaysia and a newly acquired subsidiary, Cathay ...
Thomson Medical to expand IVF services to China
SINGAPORE (Aug 14): Healthcare operator Thomson Medical Group plans to establish in-vitro fertilisation (IVF) centres in China and other Southeast Asian markets, in collaboration with assisted reproduction specialist IVI-RMA. Thomson Medical is looking to set up about two IVF centres in China, and another in Vietnam within the next 12 to 18 months, executive chairman Roy Quek told The Edge ...
DBS tops Aon's best employers in Singapore list for 2018 as 'Best of the Best'
SINGAPORE (August 14): Global professional services firm Aon has released a list of seven organisations that made it to the Best Employers in Singapore category for 2018. This comes as part of the firm’s flagship Aon Best Employers programme, which is now in its 18th year and designed to improve employee engagement, leadership effectiveness, employer branding as well as culture to drive high ...
Chan Chun Sing urges business leaders to help shape US policy
SINGAPORE (Aug 14): Minister for Trade and Industry Chan Chun Sing says business leaders of US multinational corporations based in Singapore and the region can influence geopolitics amid global trade war jitters – and shape the course of history. “You have tremendous responsibility, because you are the movers and shakers of businesses in Southeast Asia, if not in the Asia Pacific ...
IFS Capital's 1Q earnings surge eightfold to $0.8 mil on lower allowances and impairments
SINGAPORE (Aug 14): IFS Capital has posted earnings of $0.8 million for 2Q18, representing an eightfold surge from its 2Q17 earnings of $0.1 million on lower allowances For the 1H ended June, the group’s earnings rose to $0.5 million from $0.1 million a year ago. Net interest income for 2Q remained relatively flat at $4.8 million, as 29.5% higher interest expenses of $1.9 million offset ...
Singapore home prices won't pop without migrants
(Aug 14): If Sherman Kwek sounds annoyed, he has his reasons — 2.9 million sf worth of reasons. That figure, equating to 270,000 sqm, is the total salable area of apartments almost ready to hit the market on the books of City Developments, the Singapore developer controlled by the family of billionaire Kwek Leng Beng, who handed the keys of his empire this year to son Sherman. The younger ...
Jho Low's jet in Seletar but Malaysia yet to request for return, says Singapore Police
SINGAPORE (Aug 14): Singapore has confirmed that a private jet, reportedly owned by Low Taek Jho, the alleged 1Malaysia Development Bhd mastermind, is parked at Seletar Airport. However, Malaysia has yet to put in a formal request to return the aircraft. “Singapore has not received any formal request from the Malaysian authorities seeking the return of the aircraft,” says a Singapore ...