GuocoLand sells entire stake in EcoWorld International for $61 million

The Smart Investor
4 Singapore Blue-Chip Stocks with the Potential to Grow Their Profits
Here are four blue-chip stocks that may see their profits rising in due course. The post 4 Singapore Blue-Chip Stocks with the Potential to Grow Their Profits appeared first on The Smart Investor.
Simply Wall St.
City Developments (SGX:C09) investors are sitting on a loss of 19% if they invested five years ago
Ideally, your overall portfolio should beat the market average. But in any portfolio, there will be mixed results...
Reuters
KKR-SingTel consortium frontrunner to buy $1 billion stake in data centre provider, sources say
SINGAPORE (Reuters) -A consortium of U.S. investment firm KKR and Singapore Telecommunications (SingTel) has emerged as the frontrunner to buy a minority stake worth $1 billion in one of Asia's biggest data centre providers, two sources said. The potential investment in STT Telemedia Global Data Centres (STT GDC) reflects growing interest and demand for data centres across Asia Pacific as nations and companies respond to the boom in artificial intelligence. The KKR-SingTel consortium is competing with New York-headquartered alternative investment firm Stonepeak for the stake of up to 20%, one of the sources said.
The Edge Singapore
Seatrium reports net order book of $25.8 bil in 1QFY2024 business update
Shares in Seatrium closed 18 cents higher or 11.69% up at $1.72 on May 27.
The Smart Investor
Are Singapore REITs Attractive Right Now? Here are 4 Factors You Should Watch Out for
With the REIT sector in the doldrums for the past two years, is there light at the end of the tunnel? The post Are Singapore REITs Attractive Right Now? Here are 4 Factors You Should Watch Out for appeared first on The Smart Investor.
Reuters
China sets up third fund with $47.5 billion to boost semiconductor sector
BEIJING (Reuters) -China has set up its third planned state-backed investment fund to boost its semiconductor industry, with a registered capital of 344 billion yuan ($47.5 billion), according to a filing with a government-run companies registry. The hundreds of billions of yuan invested in the sector puts into perspective President Xi Jinping's drive to achieve self-sufficiency for China in semiconductors. The third phase of the China Integrated Circuit Industry Investment Fund was officially established on May 24 and registered under the Beijing Municipal Administration for Market Regulation, according to the National Enterprise Credit Information Publicity System, a government-run credit information agency.
Reuters
Shares of China Evergrande's EV unit soar after liquidators' stake sale deal
Shares of China Evergrande New Energy Vehicle Group more than doubled on Monday as trade resumed after the company said liquidators had agreed on behalf of key shareholders to sell a stake in the electric vehicle (EV) maker. Shares of embattled developer China Evergrande's EV unit soared as much as 113% to HK$0.81, their highest since September 22, becoming the top gainer on the Hong Kong bourse, and last stood up 79%, following the May 17 trade halt. The non-binding deal by liquidators acting for China Evergrande Group, Evergrande Health Industry and Acelin Global provides for a third-party buyer to take a stake of 29% in the unit, with an option for 29.5% more, the EV unit said on Sunday.
Insider Monkey
Forget Magnificent Seven: Hedge Funds are Pouring Money Into This Utility Stock to Cash In On AI Boom
We recently analyzed the top utilities stocks hedge funds are buying to profit from the AI-led boom in the industry. Since Vistra Corp. (NYSE:VST) was part of the list, the stock deserves a deeper look. But first, let’s see why everyone’s taking about AI catalysts for utilities stocks these days. The AI revolution that started with […]
Reuters
Japan net external assets hit record high in 2023, remains world's top creditor
Japan's net external assets rose to a record 471.3 trillion yen ($3 trillion) in 2023, increasing for a sixth straight year, as a weak yen and overseas corporate acquisitions boosted the value of its foreign assets, the Ministry of Finance said on Tuesday. As a result, Japan retained its position as the world's top creditor, followed by Germany with 454.8 trillion of net external assets and China with 412.7 trillion yen as of the end of 2023, according to the ministry. A weak yen, coupled with a rise in direct investment overseas, helped Japan post a 51 trillion yen annual increase in the value of net external assets held by the Japanese government, businesses and individuals.
AFP News
Oil rises, stock markets mixed before key inflation data
Oil prices rose Tuesday on tensions in the Middle East while stock markets wavered as investors awaited key inflation data later this week. "Risk sentiment has faltered in recent weeks, and global stock markets have experienced a mild sell off as the focus shifts to a plethora of economic data that is released this week," said XTB research director Kathleen Brooks.
Benzinga
Jeff Bezos Tells Investors, 'A Single Winning Bet Can More Than Cover The Cost Of Many Losers' — All You Need Is One Win
Jeff Bezos, one of the wealthiest and most successful individuals, often shared valuable lessons in his annual letters to Amazon shareholders before retiring as CEO. While these letters focused on Amazon, they also provided universal insights applicable to investors everywhere. A key piece of advice from Bezos' 2018 letter encapsulates his approach to risk and reward. He wrote, "The good news for shareowners is that a single big winning bet can more than cover the cost of many losers." This stat
Investing.com
Alibaba Health surges 13% on strong FY earnings
Investing.com-- Shares of Alibaba Health Information Technology (HK:0241) rose sharply on Tuesday after the firm clocked a sharp jump in its annual earnings on improved margins and strong demand for healthcare services and pharmaceuticals on its platforms.
Insider Monkey
Is NVIDIA Corporation (NASDAQ:NVDA) The Top Quantum Computing Stock To Buy Now?
We recently compiled the list of the 12 Best Quantum Computing Stocks To Buy according to the hedge funds using the latest sentiment data. In this article, we are going to take a look at where NVIDIA Corporation (NVDA) stands against the other quantum computing stocks. These days, artificial intelligence is one of the hottest […]
Simply Wall St.
The total return for Malaysia Smelting Corporation Berhad (KLSE:MSC) investors has risen faster than earnings growth over the last five years
Malaysia Smelting Corporation Berhad ( KLSE:MSC ) shareholders might be concerned after seeing the share price drop 15...
Insider Monkey
The Most Densely Populated Country in the World in 2024
In this article, we will reveal the most densely populated country in the world in 2024. If you wish to look at our detailed rankings, you can go to the 30 Most Densely Populated Countries in the World in 2024. According to a United Nations (UN) report, the global population is increasing rapidly. Having tripled […]
The Edge Singapore
Gordon and Celine Tang to acquire manager of ARA US Hospitality Trust
Gordon Tang unit enters SPA to acquire ARA US Hospitality Trust's REIT and trustee manager, and 19% of the trust
Simply Wall St.
Riverstone Holdings' (SGX:AP4) investors will be pleased with their stellar 226% return over the last five years
Stock pickers are generally looking for stocks that will outperform the broader market. And in our experience, buying...
Simply Wall St.
Public companies account for 53% of Genting Singapore Limited's (SGX:G13) ownership, while individual investors account for 37%
Key Insights The considerable ownership by public companies in Genting Singapore indicates that they collectively have...
Reuters
Meme stock GameStop climbs after raising $933 million in share sales
The stock has since lost 70% of its value up to Friday's close, taking GameStop's market value to $5.82 billion. Earlier this month, GameStop said it expected its first-quarter net sales to drop to between $872 million and $892 million, from $1.24 billion a year ago. About 20.5% of GameStop's publicly available shares were in a short position, data from analytics firm Ortex Technologies showed.
Zacks
Coinbase Global, Inc. (COIN) Is a Trending Stock: Facts to Know Before Betting on It
Recently, Zacks.com users have been paying close attention to Coinbase Global (COIN). This makes it worthwhile to examine what the stock has in store.

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GuocoLand sells entire stake in EcoWorld International for $61 million

Latest stories

4 Singapore Blue-Chip Stocks with the Potential to Grow Their Profits

City Developments (SGX:C09) investors are sitting on a loss of 19% if they invested five years ago

KKR-SingTel consortium frontrunner to buy $1 billion stake in data centre provider, sources say

Seatrium reports net order book of $25.8 bil in 1QFY2024 business update

Are Singapore REITs Attractive Right Now? Here are 4 Factors You Should Watch Out for

China sets up third fund with $47.5 billion to boost semiconductor sector

Shares of China Evergrande's EV unit soar after liquidators' stake sale deal

Forget Magnificent Seven: Hedge Funds are Pouring Money Into This Utility Stock to Cash In On AI Boom

Japan net external assets hit record high in 2023, remains world's top creditor

Oil rises, stock markets mixed before key inflation data

Jeff Bezos Tells Investors, 'A Single Winning Bet Can More Than Cover The Cost Of Many Losers' — All You Need Is One Win

Alibaba Health surges 13% on strong FY earnings

Is NVIDIA Corporation (NASDAQ:NVDA) The Top Quantum Computing Stock To Buy Now?

The total return for Malaysia Smelting Corporation Berhad (KLSE:MSC) investors has risen faster than earnings growth over the last five years

The Most Densely Populated Country in the World in 2024

Gordon and Celine Tang to acquire manager of ARA US Hospitality Trust

Riverstone Holdings' (SGX:AP4) investors will be pleased with their stellar 226% return over the last five years

Public companies account for 53% of Genting Singapore Limited's (SGX:G13) ownership, while individual investors account for 37%

Meme stock GameStop climbs after raising $933 million in share sales

Coinbase Global, Inc. (COIN) Is a Trending Stock: Facts to Know Before Betting on It