Company News for Apr 29, 2024

The Smart Investor
DBS, OCBC or UOB: Which of the Three Singapore Banks Should You Buy?
It can be a tough decision to decide between the three big local banks. We simplify the decision by comparing various metrics across the lenders. The post DBS, OCBC or UOB: Which of the Three Singapore Banks Should You Buy? appeared first on The Smart Investor.
MoneySmart
Best Fixed Deposit Rates in Singapore (May 2024)—Rates Up To 3.75%, Minimum Deposits From $500
If you think that fixed deposits are only for conservative cash-rich aunties and uncles, think again. A fixed deposit (also known as a time deposit) account is a type of... The post Best Fixed Deposit Rates in Singapore (May 2024)—Rates Up To 3.75%, Minimum Deposits From $500 appeared first on MoneySmart Blog.
Simply Wall St.
Unveiling 3 SGX Dividend Stocks With Yields Up To 7.4%
As the Singapore market embraces innovation, exemplified by Deutsche Bank joining the Monetary Authority of Singapore's Project Guardian to explore asset tokenization, investors are witnessing a dynamic shift in financial technologies and investment possibilities. In this evolving landscape, dividend stocks remain appealing for their potential to offer steady income streams, particularly when navigating through periods of technological transformation and market adaptation.
Benzinga
Warren Buffett "Guaranteed" He'd Get 50% Annual Returns With Only $1 Million As Berkshire's Cash Hoard Soars To Over $189 Billion
Legendary investor Warren Buffett has long advocated for the average investor to regularly put money in an S&P 500 index fund rather than buying actively managed funds. However, that's not to say he doesn't think massive outperformance isn't possible. As far back as 1999, Mr. Buffett famously said he could achieve 50% annual returns if he had only $1 million to manage, stating, "The highest rates of return I’ve ever achieved were in the 1950s. I killed the Dow. You ought to see the numbers. But
The Smart Investor
OCBC Launched a Takeover Offer for Great Eastern: Positive or Negative for Investors?
OCBC has made an offer for insurer Great Eastern Holdings. Will this move benefit the lender? The post OCBC Launched a Takeover Offer for Great Eastern: Positive or Negative for Investors? appeared first on The Smart Investor.
The Edge Singapore
Seatrium wins offshore rig integration contract from repeat customer SBM Offshore
Announcement of the contract win came a day after Seatrium and four other counters were removed from a key market index
Zacks
The Next AI Bull Run Just Started: 3 Top Ranked Stocks to Ride the Trend
These product releases just reaffirmed how massively this technology is going to change our lives
Benzinga
5 REITs That Just Received Price Target Increases
Analysts carry a great deal of weight on Wall Street and help to shape investor sentiment. Analyst upgrades & price target increases are great motivations for investors to buy a stock. Consequently, when an analyst upgrades or maintains a previous rating while increasing the price target, investors may anticipate a boost to the share price. Analysts will often review a particular subsector and then increase price targets on more than one stock within a certain sector. Other times when one analys
Yahoo Finance
Inflation pressures ease in April as consumer prices rise at slowest pace in 3 months
April's CPI report is one of the most important data points the Federal Reserve will consider in its next interest rate decision.
Zacks
Compared to Estimates, Sea Limited (SE) Q1 Earnings: A Look at Key Metrics
While the top- and bottom-line numbers for Sea Limited (SE) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Simply Wall St.
Is Advanced Micro Devices, Inc. (NASDAQ:AMD) Potentially Undervalued?
Today we're going to take a look at the well-established Advanced Micro Devices, Inc. ( NASDAQ:AMD ). The company's...
Reuters
Grab raises annual profit view after strong first-quarter revenue growth
(Reuters) -Grab Holdings raised its full-year profit forecast on Wednesday after reporting a higher-than-expected quarterly revenue, driven by recent cost-reduction measures and robust demand for its ride-share services. A significant restructuring at Grab, which included reducing 1,000 jobs and slashing some technology costs in 2023, is helping the company push ahead in its goal to deliver positive free cash flow this year. In an interview with Reuters, CFO Peter Oey said a surge in Southeast Asian tourism, along with an increase in corporate events and concerts in the last quarter, bolstered the demand for ride-share services.
Reuters SG
UPDATE 3-Singapore Airlines posts record annual profit, flags challenging macro
Singapore Airlines on Wednesday posted a record annual profit and raised its dividend, reflecting strong travel demand in North Asia, but flagged geopolitical woes, supply chain snags and fierce competition as challenges facing the sector. Singapore Airlines said the demand for air travel remained "healthy" in the first quarter of fiscal 2024-2025 on the back of a pick up in forward bookings in North and South East Asia. It also declared a final dividend of 38 Singapore cents apiece, higher than the 28 Singapore cents a year ago.
Reuters
Strong services fan US producer inflation in April
U.S. producer prices increased more than expected in April amid strong gains in the costs of services like portfolio management and hotel accommodation, indicating that inflation remained stubbornly high early in the second quarter. The report from the Labor Department on Tuesday also showed wholesale goods prices rising solidly last month, though the cost of food declined. It followed recent surveys showing an increase in inflation expectations, prompting traders to trim bets for a September interest rate cut from the Federal Reserve.
Reuters
US STOCKS-Wall Street boasts record closes as inflation data fuels rate-cut bets
Wall Street's three major indexes notched record closes on Wednesday with the benchmark S&P 500 and the Nasdaq both advancing more than 1%, after a smaller-than-expected rise in consumer inflation bolstered investors' hopes for interest rate cuts by the Federal Reserve. All three indexes hit intraday record highs with technology stocks leading the charge.
Reuters
China's Tencent Q1 revenue tops forecasts as ad sales, business services shine
HONG KONG (Reuters) -China's Tencent Holdings posted a 6% rise in first-quarter revenue on Tuesday, beating analyst expectations, on strong growth in advertising sales and business services. China's biggest internet company and operator of the WeChat messaging platform said revenue reached 159.5 billion yuan ($22.04 billion) for the three months ended March 31. It's the fifth straight quarter of revenue growth as the company recovers from a regulatory crackdown by Beijing in 2022.
AFP News
Japan economy suffers worse-than-expected contraction of 0.5%
Japan's economy suffered a worse-than-expected contraction in the first quarter, official data showed Thursday, in further bad news for its unpopular government.In the previous quarter, from July to September, GDP suffered a major contraction of 0.9 percent, also revised on Thursday from an earlier reading of minus 0.8 percent.
AFP News
Stock markets set records, dollar slides as US inflation cools
Stock markets struck record highs Wednesday after official data showed US inflation cooled slightly in April, raising hopes that the Federal Reserve will cut interest rates in the coming months.Given the inflation data "combined with Powell's reiteration yesterday that the bar to rate hikes remains very high, it looks like stocks have a clear path to make another run at record highs," said IG analyst Chris Beauchamp.
The Smart Investor
4 US Growth Stocks Punching Through Their All-Time Highs: Can Their Run Continue?
These four US stocks are hitting their new all-time highs. We find out if they can continue their upward climb. The post 4 US Growth Stocks Punching Through Their All-Time Highs: Can Their Run Continue? appeared first on The Smart Investor.
Simply Wall St.
Julius Bär Gruppe Leads Trio Of Swiss Dividend Stocks
The Switzerland market recently displayed robust performance, closing on a strong note as optimism was fueled by favorable U.S. economic data that eased interest rate concerns. This positive backdrop saw the benchmark SMI index climb nearly 1%, reflecting a buoyant mood among investors. In such an encouraging market environment, dividend stocks like Julius Bär Gruppe can be particularly appealing for those seeking steady income streams combined with potential for capital appreciation.

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Company News for Apr 29, 2024

Latest stories

DBS, OCBC or UOB: Which of the Three Singapore Banks Should You Buy?

Best Fixed Deposit Rates in Singapore (May 2024)—Rates Up To 3.75%, Minimum Deposits From $500

Unveiling 3 SGX Dividend Stocks With Yields Up To 7.4%

Warren Buffett "Guaranteed" He'd Get 50% Annual Returns With Only $1 Million As Berkshire's Cash Hoard Soars To Over $189 Billion

OCBC Launched a Takeover Offer for Great Eastern: Positive or Negative for Investors?

Seatrium wins offshore rig integration contract from repeat customer SBM Offshore

The Next AI Bull Run Just Started: 3 Top Ranked Stocks to Ride the Trend

5 REITs That Just Received Price Target Increases

Inflation pressures ease in April as consumer prices rise at slowest pace in 3 months

Compared to Estimates, Sea Limited (SE) Q1 Earnings: A Look at Key Metrics

Is Advanced Micro Devices, Inc. (NASDAQ:AMD) Potentially Undervalued?

Grab raises annual profit view after strong first-quarter revenue growth

UPDATE 3-Singapore Airlines posts record annual profit, flags challenging macro

Strong services fan US producer inflation in April

US STOCKS-Wall Street boasts record closes as inflation data fuels rate-cut bets

China's Tencent Q1 revenue tops forecasts as ad sales, business services shine

Japan economy suffers worse-than-expected contraction of 0.5%

Stock markets set records, dollar slides as US inflation cools

4 US Growth Stocks Punching Through Their All-Time Highs: Can Their Run Continue?

Julius Bär Gruppe Leads Trio Of Swiss Dividend Stocks