Amazon

Singapore malls try big gambit before online shopping catches on
(Nov 24): Online shopping in Singapore is lacklustre even after Amazon Inc debuted its Prime service in mid-2017. The island’s malls are trying hard to keep it that way. With some of the nation’s biggest mall operators reporting falling rents and rising vacancies, landlords, just like those elsewhere in Asia and the US, are being forced to reposition. They’re making room for yoga ...
Forget Elon Musk, focus on 'Mobility as a Service'
SINGAPORE (Sept 3): For nearly three weeks in August, the drama of electric car and energy storage firm -Tesla going private had dominated the business headlines. Did maverick CEO Elon Musk really have the “funding secured” as he claimed in his tweet? Or was it just a tactic to throw Tesla short sellers off balance? On Aug 24, Musk made another sharp U-turn, declaring he had decided ...
Sheng Siong likely to see stellar FY19F as growth momentum continues: DBS
SINGAPORE (July 31): DBS Group Research is maintaining its “buy” call on Sheng Siong Group (SSG) with a higher target price of $1.26, implying 25 times FY19F earnings. The valuation is pegged at +1 standard deviation (SD) point of SSG’s historical mean valuation since listing, and below regional peers’ average of 26 times earnings. See: Sheng Siong posts 6.3% rise in 2Q earnings to ...
3 reasons why tech is still in a secular uptrend
SINGAPORE (Apr 23): With FAANG (Facebook, Apple, Amazon, Netflix and Google) stocks retreating from their 2018 highs and tech valuations settling, how should global investors react? In JP Morgan Asset Management’s view, the recent jitters can be thought of simply as “growing pains” of a tech sector that it still sees as being in a secular uptrend. For the time being though, the asset ...
Pleasant margin surprise from Hi-P; COO resignation calls for concern
SINGAPORE (Feb 19): Hi-P on Feb 13 reported that its 4Q17 earnings more than doubled to $59.6 million y-o-y, which brought FY17 earnings to $121.5 million, 122.8% higher y-o-y. Revenue jumped 37.8% y-o-y to $491.9 million, due to higher sales volume resulting from the mass production of certain projects in the quarter, which brought gross profit to $97.2 million, 52.4% higher y-o-y. The ...
Online shoppers in Singapore may have to pay tax
(Feb 12): Singapore may unveil an e-commerce tax in next week’s budget, setting the tone for a region that’s grappling with online retail’s assault on brick-and-mortar vendors. Eight of the 12 economists in a Bloomberg survey said the Feb 19 budget will contain a new tax on online vendors, with another betting that cross-border digital transactions will now be included in the ...
Amazon, Berkshire, JP Morgan team up to cut healthcare costs in US
(Jan 31): Amazon.com Inc, Berkshire Hathaway and JPMorgan Chase & Co said on Tuesday they will form a company to cut health costs for hundreds of thousands of their US employees, setting up a major challenge to an inefficient US healthcare system. The move by three of the best-known US business leaders - Amazon’s Jeff Bezos, Berkshire’s Warren Buffett and JPMorgan’s Jamie Dimon - ...
How a 77-year-old Singapore CEO fixed a US$100 mil blunder
SINGAPORE (Dec 20): In 2015, Yao Hsiao Tung was 75 and looking to slow down. He’d begun seeking his successor as chief executive officer of Hi-P International Ltd., a contract manufacturer for customers including Apple Inc. and Amazon.com Inc. But an annual loss, and the US$126 million claim that Hi-P filed because of it, ended that plan. The self-professed troubleshooter attributes the ...
Amazon seeks to conquer new continent with push into Australia
SYDNEY (Dec 5): Amazon.com Inc. launched in Australia on Tuesday, offering millions of products and one-day delivery in some areas as the web retailer seeks to seize a share of the nation’s growing online retail market. The company will offer products across more than 20 categories, including consumer electronics, clothing and sports equipment, and offer free delivery on some orders, ...
Amazon bets on machine learning to beat Microsoft, Alphabet
(Nov 30): Amazon.com Inc. unveiled new machine-learning tools, including algorithms that automate decisions and speech recognition, seeking to solidify its dominant position over Microsoft Corp. and Alphabet Inc. in the fast-growing and profitable cloud-computing market. Amazon Web Services Chief Executive Officer Andy Jassy announced more than 20 new functions Wednesday at the company’s ...