Trust Bank’s FY2024 loss narrows to S$93.4 million

Trust Bank’s FY2024 loss narrows to S.4 million

[ad_1] Deposit balances double to S$3.8 billion, from S$1.9 billion a year ago, attributable to the launch of Trust+ [SINGAPORE] Trust Bank on Friday (May 23) reported a loss of S$93.4 million for the financial year ended Dec 31, 2024, narrowing from a loss of S$128.4 million a year ago. Revenue more than doubled to…

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Foxconn among potential bidders for Singapore chip assembly firm UTAC in US$3 billion deal: sources

Foxconn among potential bidders for Singapore chip assembly firm UTAC in US billion deal: sources

[ad_1] [HONG KONG] Taiwan’s Foxconn is among potential bidders for the Singaporean semiconductor assembly and testing business UTAC Holdings in a deal that could value the company at about US$3 billion, two people with knowledge of the matter said. UTAC’s owner, Beijing-based private equity firm Wise Road Capital, has hired Jefferies to run a sale…

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The best is yet to be for Tengah property prices, say DBS analysts

The best is yet to be for Tengah property prices, say DBS analysts

[ad_1] [SINGAPORE] Property developers such as GuocoLand could benefit from a potential rise in home prices near popular primary schools, particularly in emerging areas like Tengah New Town.  Still, DBS Group Research cautioned in a report, titled “Primary school premium: Fact or Fiction?”, that price appreciation also depends on factors such as transport access, tenure,…

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Stocks to watch: Yangzijiang Shipbuilding, Metro

Stocks to watch: Yangzijiang Shipbuilding, Metro

[ad_1] [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (May 23). Yangzijiang Shipbuilding: The marine vessel manufacturer reported that its year-to-date order wins for the first quarter of 2025 amounted to six vessels worth US$300 million. This was around 5 per cent of its US$6 billion target…

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