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UOB shares end 2.4% lower after months of steady gains
DBS and OCBC also decline, but much more modestly by 0.7% and 0.8%, respectively
Financial astrology: Is the STI really hoping for Spain to win the World Cup?
The index has tended to rally after a European triumph and fall after a South American victory
Asia-Pacific airlines’ 2025 revenues climb 4.3% to US$223.7 billion on travel surge
Combined net profit hit US$12.1 billion, but rising fuel prices cloud outlook for carriers
UOB shares fall 3.8% after months of steady gains
DBS and OCBC also decline, but are much more modest at 0.6% and 1.3%, respectively
Quiet market, low offers: MLT defends slow pace of S$1 billion divestment plan
Investors want the Reit to cut losses and accelerate exits in China, but its manager says it will not panic sell
UOBKH lifts Lum Chang Creations target price on mainboard transfer, order wins
The brokerage maintains a ‘buy’ with a higher target price of S$0.51
Ng Chee Khern to succeed Edmund Cheng as CAAS chairman from Aug 1
Ng is currently director and chief executive officer of Iseas-Yusof Ishak Institute
Stocks to watch: Addvalue Technologies, Coliwoo, Elite UK Reit, Foundation Healthcare
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Jul 15)
JPMorgan expects industry to manage AI spend with more ‘discipline’ as it eyes Singapore tech talent
The bank is building out its proprietary AI capabilities
Scepticism towards Trump’s 20% Hormuz fee even as markets react to renewed inflation fears
Proposed fee is a ‘tax on global trade’, says one analyst
JPMorgan expects industry to manage AI spend with more ‘discipline’ as it eyes Singpore tech talent
The bank is building out its proprietary AI capabilities
JPMorgan expects industry to manage AI spend with more ‘discipline’ as it eyes more S’pore tech talent
The bank is hiring engineers and data architects to build out its proprietary AI capabilities
DBS initiates coverage on JustCo with ‘Buy’, S$1.06 target price
DBS says the regional co-working player is at an inflection point as demand for hybrid working rises
Keppel, Sembcorp, SIA down as STI dips 1% after US resumes Iran shipping blockade
US-Iran hostilities have resumed, with Trump outlining a new 20% Hormuz toll
JPMorgan to rein in AI spend as it hires more Singapore tech talent
The bank is hiring engineers and data architects to build out its proprietary AI capabilities
Malaysia’s data centre pipeline beats its neighbours, but Singapore will retain premium status: JPMorgan
Republic’s tighter green rules hand scale and new projects to Malaysia, but it will keep premium status
5 reasons why analysts are still upbeat on S-Reits despite interest rate pressure
They believe sector is at cyclical bottom; CICT, Keppel DC, MPACT, Clar, Aims Apac, FCT among top picks