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China slaps Alibaba with RMB 18.2 billion fine in monopoly probe
The Chinese government has fined technology giant Alibaba Group RMB18.2 billion yuan ($3.73 billion), according to a statement posted on the website of China’s State Administration for Market Regul
April 10, 2021
Broker's Calls
CGS-CIMB ups SIA Engineering to 'add', recommends switch from SIA on better valuations
CGS-CIMB Research analyst Lim Siew Khee has upgraded SIA Engineering Company (SIAEC) from ‘hold’ to ‘add’, recommending a switch from Singapore Airlines (SIA) to SIAEC on ‘more palatable
April 09, 2021
Broker's Calls
Maybank Kim Eng ‘positive’ on semicon industry as demand continues to grow
Maybank Kim Eng’s Lai Gene Lih has maintained his “positive” rating on the semiconductor industry, saying, “recent news continue to reinforce our view that the current momentum
April 09, 2021
SEMICONDUCTOR
TSMC quarterly sales rise 17% after surge in chip demand
Taiwan Semiconductor Manufacturing Co. reported a third straight quarter of record sales, underscoring its lead as the world’s No.
April 09, 2021
Broker's Calls
Singapore banks on recovery path, PhillipCapital picks OCBC for faster earnings growth
With a positive economic outlook, PhillipCapital is maintaining “overweight” on the Singapore banking sector, as loans remain on the path of recovery and interest rates are stable.
April 09, 2021
Banking & finance
DBS to cut office space in MBFC
DBS Group Holdings Ltd. is poised to trim office space in Singapore, the latest bank to pare its footprint in the city-state during the coronavirus pandemic.
April 09, 2021