'It's not that small caps are bad. It's just that on a relative basis, large is doing better'
US small-cap stocks are as cheap as they’ve been in decades, but with a more than half-trillion dollar mountain of debt looming over the next five years, it’s going to take a significant risk-on signal from the Federal Reserve to entice investors.
Firms in the small-capitalization Russell 2000 Index hold a total of US$832 billion in d...

The investment will be made over the next five years.
KPMG in Singapore says it will be committing over $100 million to make salary adjustments, technology and learning for its over 3,500 employees over the next five years.
The salary increases will be for eligible employees across KPMG Singapore’s audit, tax and enterprise risk services effective from October. The salary adjustments marks the second increase in two year...

First-year hires joining Deloitte’s FasTrack programme will have a starting salary of $4,500.
Graduates joining Deloitte Singapore as auditors will have a starting monthly salary of $4,100 from Sept 1. First-year hires joining the firm under its FasTrack programme – Deloitte’s accelerated audit career programme for accountancy graduates – will have a starting salary of $4,500.
The move is i...

Current buoyant charter markets have improved the operating income for these assets and bode well for asset sale opportunities
DBS Group Research has kept its "buy" call and $9 target price on Keppel after its latest divestment, with expectations of further monetisation moves of its assets ahead.
On May 10, Keppel announced it has sold its 23.91% stake in Dyna-Mac Holdings No4 for $100 m...

Jumbo plans to pay an interim dividend of 0.5 cent
Jumbo Group has reported earnings of $8.9 million for its 1HFY2024, up 11.9% y-o-y. Revenue in the same period ended March was up 13% to $97.1 million.
The company, which operates a chain of restaurants under different brands, enjoyed a pick up in dining, including from tourists.
Its Singapore business enjoyed a 21.5% y-o-y jump in revenue to $85.3 million.
Its two key brands, Jumbo Seafood and Zui Te...

As at March 31, NAV per share was 80 cents, versus last trade share price of 80 cents
Frasers Property has reported earnings of $57.4 million for its 1HFY2024, down 74.6% y-o-y. Revenue was down 20.4% in the same half year ended March to $1.55 billion.
The company attributes the lower bottom line to fair value losses and impairment booked on certain UK commercial properties amounting to $115.3 million.
On the other hand, it booked fair val...

Focus on banks and GEH continue to underpin STI; China Leaders ETF to test 2023 high
All eyes are really on the local banks and the Straits Times Index as results, privatisation offers and buying interest continue to support them. Oversea-Chinese  Banking Corp’s sterling set of results were somewhat overshadowed by its offer to privatise the Great Eastern Holdings G07 shares it doesn’t own. This has led some analysts to sound ...

The company plans to pay a final dividend of 6 cents, bringing full year payout to 8 cents
SIA Engineering's earnings for FY2024 increased by 46.2% y-o-y to $97.1 million, on the back of a 37.5% jump in revenue to $1.09 billion.
The improvement can be attributed to the recovery in demand for its services with aviation picking up following the pandemic.
For the most recent second half ended March, earnings increased by 11...

This stake was carried on GuocoLand's books at $50 million
GuocoLand has sold off its entire 27% stake in KL-listed Eco World International for $61 million.
This stake was carried on GuocoLand F17's books at $50 million.
EWI closed at 36 sen on May 10.
In its separate announcement, EWI says Flexsis, a subsidiary of KL-listed property firm Paramount Corporation, has become a new substantial shareholder with a stake of 21.54%....