Company in the news

Wilmar International, Walmart among those exposed to Adani crash

Wilmar International is one of Adani’s oldest partners. Their joint venture, Adani Wilmar Ltd., has a market value of $8.8 billion

US Economy

The case against a recession: The S&P500 does not signal one

"Confronted with a lack of visibility, we refrain from taking a strong position one way or the other"
UOB Kay Hian initiates United Hampshire US REIT at 'buy' with TP of 92 US cents - THE EDGE SINGAPORE

Broker's Calls

UOB Kay Hian initiates United Hampshire US REIT at 'buy' with TP of 92 US cents

The positive outlook on the REIT is due to its portfolio of grocery-anchored and necessity-based properties, say UOB KH's analysts

Global Economy


Quoteworthy: Hong Kong investors’ love for HSBC is still there, but it’s indeed heart-breaking. –— Simon Yuen.


Smaller states caught between rock and a hard place

Southeast Asian states do not want to pick sides, but firms are not quitting China just yet.

Broker's Calls

DISA initiated at 'buy' on high barriers to entry, timely solutions & market potential

SINGAPORE (July 3): UOB Kay Hian is starting coverage on anti-theft technology provider DISA, formerly known as Equation Summit, at “buy” with a target price of 1.3 cents. 

US Economy

Xi can make life tough for US companies from Apple to Walmart

HONG KONG (June 20): China doesn’t import enough from the US to match Donald Trump’s tariffs dollar for dollar, but President Xi Jinping can still squeeze American companies in other ways in retaliation.
GLP logo

GLP signs lease agreement for Walmart expansion in China

SINGAPORE (Oct 11): Global Logistic Properties (GLP) today announced a new 32,000 sq m build-to-suit agreement with Walmart to expand the American retail corporation’s existing location in Southern China.

Walmart to pilot asset protection tech from Equation Summit unit

SINGAPORE (Sept 13): Equation Summit on Tuesday announced that US retail chain Walmart has launched a proof-of-concept of asset protection technology by its wholly-owned subsidiary, Disa Digital Safety.