Investors

Netflix plunges after biggest stumble in streaming era

(July 22): Netflix shocked investors by reporting a drop in US customers and much slower growth overseas, raising fears that the streaming giant is losing momentum just as competitors prepare to pounce.

The shares plunged 11% to about US$323 in pre-market US trading after Netflix reported the loss of 130,000 customers in the US — the result of higher prices and a weak slate of TV shows. It signed up 2.8 million subscribers internationally in the period, roughly half what the company predicted.

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Local AI firm Taiger wins $34 mil from investors

SINGAPORE (July 10): Taiger, an artificial intelligence startup whose clients include Bank of America Corp, AIA Group Ltd. and Banco Santander SA, has raised US$25 million ($34.0 million) of funding for its expansion.

The company’s valuation will reach US$110 million after the investment, according to a statement from the Singapore-based startup. The series B funding round has been led by PacificBridge Asset Management, an affiliate of US buyout firm TPG Capital, and Hong Kong-based merchant bank and asset manager MCM Investment Partners.

Singapore investors confident in local investment opportunities, but prefer international stocks: Legg Mason survey

SINGAPORE (Nov 20): Nearly half of Singaporean investors believe their own country presents the best investment opportunities in the near-term, ahead of other popular investment locations such as China and the US.  

This is according to asset management firm Legg Mason based on the findings of its Global Investment Survey 2018, which tracks investor sentiment and behavior across 17 markets worldwide.

Singapore banks resilient amid rising regional NPLs, but should remain alert: Deloitte

SINGAPORE (Apr 10): Singapore’s banking system has remained resilient even as global and regional  non-performing loan (NPL) numbers continue their uptrend, says financial services firm Deloitte & Touche.  

According to the inaugural Deleveraging Asia 2018 report from Deloitte, NPLs are rising up on the regional agenda with unofficial numbers pointing to a much higher figure than the official US$518 billion ($679 billion) of NPLs on the balance sheet of Asian banks.

MiFID shakeup gets real as wary traders see volumes dry up

(Jan 3): After seven years of preparation, US$2 billion ($2.7 billion) in compliance costs and one false start, the biggest shake-up to European regulation in a decade is finally here. With so much at stake, investors are likely to sit on their hands for now.

Trading volumes slumped ahead of the changes, according to two brokers with knowledge of the matter, with client business at one major brokerage in Europe almost non-existent as the rules were poised to take effect Wednesday.

Where to invest now?

SINGAPORE (Dec 18): Despite a big run in global stock markets this year and clear indications that interest rates are on an upward trajectory, there is still plenty of money to be made if investors focus on the right sectors and keep an eye on valuations. That is the broad consensus of the four speakers at The Edge Singapore’s 2017 Year-End Investment Forum, held at Suntec Singapore International Convention & Exhibition Centre on Dec 9.

This little known Malaysian stock has surged 400%

(Oct 23): For technology stock investors, it sometimes pays to buy the companies that make the parts.

Singapore venture capital surges as startups seek room to grow

SINGAPORE (Oct 23): Singapore is experiencing a surge in venture capital fundraising, reflecting growing interest in Southeast Asia’s startups.

This month, Vertex Ventures and two other venture-capital firms completed fundraising efforts in the city, each with their largest fund yet. In September, East Ventures, which made early bets on successful startups like Tokopedia and Traveloka, raised US$30 million ($40.9 million) that will go toward seed capital and early-stage financing.

SGX America launched with opening of first office in Chicago

SINGAPORE (Oct 17): Singapore Exchange (SGX) today announced the official launch and office opening of SGX America in Chicago, US. 

In a Tuesday release, SGX says its US presence will enable it to better serve a growing client base in the region and meet rising international investor appetite to access and risk-manage Asian exposure.

It adds that SGX America will enhance access for investors in North America to risk management solutions and price discovery tools that also span foreign exchange (forex) and commodities.

Offers for AccorHotels' property unit stake seen in October

(Sept 29): Investors looking to buy at least 51% of the property unit of French hotel group AccorHotels are due to submit their letters of intent in October, French daily Les Echos said on Friday.

French asset manager Amundi, U.S. property group Colony North Star, Singapore's sovereign wealth fund GIC and Saudi Arabia's Public Investment Fund have been in the running for several months though other contenders could jointhe race, the paper said, without citing its sources.

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