Amazon

Briefs
SINGAPORE (June 10): “A lot doesn’t depend on the retail shareholder; it depends on us to be able to ensure that what we put in front of us is in line with the objectives of the retail shareholder.” — Temasek International CEO Dilhan Pillay Sandrasegara, downplaying the need for the state investment agency to introduce retail shareholder advocates. US arms Taiwan The US is set to ...
Big tech is armed, waiting to repel US antitrust onslaught
(June 10): Investors were caught off guard by the sudden US assault on technology giants last week, but behind the scenes, the industry’s biggest companies have been preparing for this moment of reckoning for months. They have hired lawyers and built up their lobbying shops in response to antitrust investigations that have been well under way in the European Union, and which are just now ...
Amazon workers are listening to what you tell Alexa
SINGAPORE (Apr 15): Tens of millions of people use smart speakers and their voice software to play games, find music or trawl for trivia. Millions more are reluctant to invite the devices and their powerful microphones into their homes out of concern that someone might be listening. Sometimes, someone is. Amazon.com employs thousands of people around the world to help improve the Alexa ...
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 - ...