News
Some analysts downgrade CDL shares, reduce price target on boardroom tussle
[ad_1] ANALYSTS believe that the ongoing feud between CDL’s executive chairman Kwek Leng Beng and chief executive officer and his son, Sherman Kwek, could cause an overhang on the group’s...
Hong Kong exchange’s 2024 profit rises 10% on higher trading revenues
[ad_1] HONG Kong’s bourse operator reported on Thursday a 10 per cent rise in profit in 2024, beating forecasts, bolstered by a sharp jump in trading revenues after China’s announcement...
Top Thai hospital operator hastens expansion on foreign demand
[ad_1] THAILAND’S biggest private hospital operator will add more new beds than previously planned on expectations that an ageing local population and foreign demand for affordable healthcare services will further...
Bain Capital mulls US$10 billion sale of Rocket Software: sources
[ad_1] PRIVATE equity firm Bain Capital is weighing options, including a sale, for Rocket Software that could value the US automation software provider at as much as US$10 billion, including...
Heavy selling wipes S$1.5 billion off Yangzijiang Shipbuilding’s value as its shares plummet 16%
[ad_1] Shares of Yangzijiang Shipbuilding dived around 16 per cent on Thursday (Feb 27) morning, a day after it posted earnings and in a week when the US proposed to...
Acrophyte Hospitality Trust’s H2 DPS falls 46.7% to US$0.01026
[ad_1] Revenue for the period declines 5.2% year on year to US$84.9 million from US$89.5 million previouslyACROPHYTE Hospitality Trust’s distribution per stapled security (DPS) for the half year ended December...
Bitcoin ETFs are hit by a record US$1 billion outflow in one day
[ad_1] INVESTORS yanked more than US$1 billion from spot Bitcoin exchange-traded funds (ETFs) on Tuesday (Feb 25), marking the biggest one-day outflow since the cohort’s debut last January.Fidelity Wise Origin...
Golden Agri’s H2 profit soars 1,617.1% to US$262.1 million
[ad_1] PALM oil producer Golden Agri-Resources’ net profit for its second half ended Dec 31 surged to US$262.1 million from US$15.3 million in H2 FY2023, on the back of higher...
Salesforce gives tepid outlook while touting AI progress
[ad_1] SALESFORCE gave a fiscal-year revenue forecast that fell short of estimates, dimming optimism that the company’s new artificial intelligence (AI) product would spur faster sales growth.Revenue will be US$40.5...
China quant says funds must adopt AI to survive after DeepSeek
[ad_1] DEEPSEEK’S success is intensifying pressure on China’s quantitative hedge funds to embrace artificial intelligence (AI) or risk becoming obsolete, according to one of the most aggressive users of AI...
