investments

ComfortDelGro posts 2% lower 3Q earnings; to set up new US$100 mil global VC fund

SINGAPORE (Sept 9): ComfortDelGro Corporation (CDG) posted $78.5 million in earnings for the 3Q ended Sept, representing a 2% decline from earnings of $80.1 million a year ago due to lower dividends received from its overseas subsidiary, Cabcharge Australia.

Revenue for the quarter grew 8.5% on-year to $967.9 million from $891.7 million, driven by increased contributions from new acquisitions.

New property investment platform FundMyHome to 'democratise home ownership' in Malaysia

SINGAPORE (Nov 5): Instead of taking out a bank loan or mortgage, first-time homebuyers in Malaysia can now seek financial support from a new property investment platform FundMyHome.com.

Backed by the knowledge and resources of EdgeProp.my, FundMyHome is developed by EdgeProp Sdn Bhd by harnessing recent developments in digital technologies such as peer-to-peer platforms and business models in the sharing & subscription economies.

3 developers to 'add' as Singapore's property price momentum slows: CGS-CIMB

SINGAPORE (Oct 16): CGS-CIMB Research is maintaining its “neutral” stance on Singapore’s property sector post the release of recent Urban Redevelopment Authority (URA) data, which reflected higher September monthly home sales of 944 transactions, up 51% m-o-m and 42% y-o-y.

In a Monday report, analyst Lock Mun Yee notes that despite the positive momentum in home sales, the take-up rate remains fairly modest at 0.8 times as sales pace has yet to catch up with the launch volume.

StarHub to lay off 300 employees as telco commences strategic review

SINGAPORE (Oct 3): StarHub is embarking on a strategic transformation review that will include laying off an estimated 300 of its full-time staff, primarily those in non-customer facing functions, with those affected to be notified by the end of this month.

In an aftermarket press statement issued on Wednesday, the telco attributes the decision to “ongoing natural attrition and tighter management of contractor roles [which] will result in additional roles being made redundant”.

KKR's Kravis sees Southeast Asia winners in US-China trade war

(Oct 2): KKR & Co. is seeking to invest more in Southeast Asia, where companies are poised to benefit from the US-China trade dispute, according to the private equity firm’s co-founder Henry Kravis.

“The longer that the dispute with China and the US goes on, I think you are going to see more opportunities” for investment in the Association of Southeast Asian Nations, Kravis said in an interview in Kuala Lumpur last week. The openings “come up where companies are saying: ‘I need to diversify my supply chain”’ as a result of the trade dispute, Kravis added.

Temasek identifies new drivers as portfolio value tops $308 bil

SINGAPORE (July 10): Temasek Holdings is positioning itself to ride six powerful trends, even as it prepares for tougher global market conditions in the year ahead.

At its annual review on Tuesday, Temasek noted that technological advances, demographic shifts and changing consumption patterns are disrupting traditional business models and creating new opportunities. It specifically identified six themes that are now guiding its investments: Longer Lifespans, Rising Affluence, Sustainable Living, Smarter Systems, the Sharing Economy, and a More Connected World.

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Southeast Asia PE deal value surges to $30 bil in 1Q, led by Singapore

SINGAPORE (July 9): Total private equity (PE) and venture capital (VC) deal value in Southeast Asia hit a historic high of US$21.9 billion ($29.7 billion) over 19 deals in 1Q18, significantly up from 26 deals worth US$687 million a year ago.

This is according to EY’s Private equity briefing: Southeast Asia (June 2018) report, which offers a roundup of the PE deals and capital activities across major sectors in the region.

HSBC launches Jade membership programme targeting 'sweet spot' in Southeast Asian wealth space

SINGAPORE (June 28): HSBC Bank (Singapore)  today announced the launch of a new membership programme, HSBC Jade, targeting individuals looking for high net-worth (HNW) solutions in Singapore.

In a Thursday press release, the bank says its Jade membership programme will offer a unique combination of personalised relationship management, advanced wealth solutions and luxury lifestyle services through its international network.

Compact Metal Industries to acquire partially completed cement plant in Africa for $41 mil

SINGAPORE (June 21): Compact Metal Industries is seeking to acquire a 51% interest in a partially completed cement plant in Salamanga, Bela Vista, Maputo Province, Mozambique for US$30 million ($40.8 million), subject to shareholder approval at the EGM. 

The plant, when completed, will have a production capacity of 5,000 tonnes per day upon operation.

In a Thursday filing, Compact Metal says construction of the plant commenced in 2012 and has been substantially completed, but has now been held in abeyance due to lack of funds.

Seven questions on corporate bonds answered

SINGAPORE (Mar 22): Investors face a constant dilemma over which assets, such as shares, bonds and property, to invest in. The answer is often that a mix of assets can help meet your goals. Different investments can perform well at different times. For example, when shares languish, government or corporate bonds may fare better. This is considered to be sensible diversification. With that in mind, we explain one of the assets that may be used to diversify away from equities – corporate bonds.

What is a corporate bond?

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