retail

Beyond the industry glitz of 'influencer' marketing
SINGAPORE (Mar 22): The global influencer industry is one that is poised to reach US$10 billion in size by 2022, according to the Influencer Marketing Report from Business Insider Intelligence. Google searches for the term “influencer marketing” increased 325%, from 6,460 searches a month in 2016 to 21,000 searches a month in 2017. Last year, companies spent US$8 billion on ...
Intensifying competition, economic slowdown may drag on Sheng Siong's growth: Maybank KE
SINGAPORE (Mar 19): Maybank Kim Eng is starting coverage on Sheng Siong Group (SSG) at “sell” with a  target price of 95 cents, which implies 19.5 times FY19F P/E – 1 S.D. below the stocks’ five-year mean. The research house’s estimates for FY19-20E new-store sales and same-store sales (SSS) contributions are currently below that of the street. It is also forecasting for only ...
Sasseur REIT's strong earnings momentum to continue into FY19: Maybank
SINGAPORE (Feb 20): Maybank Kim Eng is maintaining its “buy” call on Sasseur REIT while leaving its forecasts and target price of 90 cents unchanged. This comes after the REIT manager on Monday posted a FY18 distribution per unit (DPU) of 1.999 cents, 12.6% higher than forecast on the back of strong performance across all four malls in its portfolio as well as lower-than-expected operating ...
BreadTalk's FY18 earnings fall 29.9% to $15.2 mil in absence of TripleOne Somerset divestment gain
SINGAPORE (Feb 19): BreadTalk Group delivered earnings of $15.2 million for FY18, declining 29.9% from its earnings of $21.7 million for FY17 despite booking revenue growth for the year. This was largely due to the absence of a $9.3 million net capital gain from the divestment of BreadTalk’s partial stake in TripleOne Somerset, excluding which the group would have seen 1.1% higher core net ...
Natural Cool makes foray into F&B industry with million-dollar acquisition
SINGAPORE (Feb 19): Natural Cool Holdings, the air-conditioning and switchgear specialist, is venturing into the food and beverage (F&B) industry by acquiring the business and assets of Yummy YM and SFB Global for $0.98 million. Yummy and SFB Global are the manufacturers, distributors and retailers of cooked-food products and beverages & confections, respectively. The former company ...
Challenger announces 22% higher FY18 earnings of $19.5 mil; proposes 2-cent final dividend
SINGAPORE (Feb 15): Challenger Technologies has concluded FY18 with $19.5 million in earnings, up 22% from $16 million in FY17 due to higher gross profit and lower operating expenses. The stronger full-year bottomline was achieved in spite of 2% decrease in 4Q18 earnings to $4.7 million from $5.8 million in 4Q17, mainly due to a higher income tax expense of $0.7 million. Revenue in 4Q fell ...
Holiday shopping spree to show what’s really up with China’s economy
HONG KONG (Feb 4): China’s consumers have cut back on purchases of everything from Apple Inc.’s iPhones to Swiss watches as the trade war with the US hits the economy. Landing just days after hundreds of local companies issued profit warnings and multinationals sounded the alarm about softening demand, the week-long Lunar New Year holiday will provide the next litmus test of the resilience ...
Fortune REIT's FY18 DPU up 1% to 51.28 HK cents on positive rental reversions & car park income growth
SINGAPORE (Jan 28): The manager of Fortune REIT has declared a distribution per unit of 51.28 HK cents (8.8 cents) for FY18, up 1% from 50.78 HK cents in FY17 due to revenue growth and lower expenses. Revenue grew 0.2% y-o-y to HKD1.94 billion due to positive rental reversions from the retail segment as well as higher car park income. NPI rose 1% to HKD 1.47 billion from HKD 1.46 billion a ...
Western Union launches co-located money transfer services at Singapore worker dormitories
SINGAPORE (Jan 17): Western Union has partnered Travelex, an independent foreign exchange (forex) and remittance business, to co-locate its money transfer services within five worker dormitories at Simpang, Mandai, Choa Chu Kang, Penjuru and Jalan Papan.   With the addition of Travelex locations, Western Union’s retail network will increase to 80 locations. Main image: Molly Shea ...
Temasek said to explore options for stake in A.S. Watson
HONG KONG (Jan 8): Singapore state investment firm Temasek Holdings is exploring options for its stake in global retailer A.S. Watson Group, including a partial sale, people with knowledge of the matter said. Temasek is working with an adviser to consider possibilities for its 25% holding in A.S. Watson after receiving some preliminary interest, according to the people, who asked not to be ...