Sea reports mixed results but still strengthened market leadership, suspended guidance for uncertainties.
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KEY Figures:
● Total Q2 2022 revenue of Sea Limited was $2.9 billion, up 29% Y/Y.
● Total net loss was $931.2 million compared to $433.7 million for the second quarter of 2021.
● Total adjusted EBITDA was US$(506.3) million compared to US$(24.1) ...

BABA earnings beat estimates, whereas revenue declines since IPO
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KEY Figures:
● Revenue was $30,689 million and declined 0.1% YoY mainly due to the softness in China commerce segment.
● Non-GAAP net income was $4,517 million, a decrease of 30% YoY, primarily due to the decrease in results of equity method investees and a decrease in adjusted EBITA.
● Net ...

Singtel's Australian subsidiary, Optus, may be listed in Australia through an initial public offering.
The Australian newspaper, The Australian, cited sources as reporting that the total value of Australis' IPO plans ranged from A$8 billion (approximately S$7.67 billion) to A$12 billion. Investment banks Goldman Sachs and Morgan Stanley are involved in the initial public offering.
Optus' operating revenue for the year to the end of March fell ...

Singapore real estate investment trusts can benefit from their safe-haven status during a time of market volatility as the U.S. Fed raises interest rates, analysts from DBS say in a research note.
The Fed's clarity on its rate-rise trajectory will likely lead to more price stability for Singapore REITs, they say.
What are Real Estate Investment Trusts (REITs)?
Real Estate Investment Trusts (REITs) are funds that invest in a port...