News

Monday Wrap: Firms brace for profit squeeze as banks rally

Profit pressure, stretched bank valuations and weak succession planning temper an otherwise strong economic outlook.

Seatrium signs FLNG conversion LOI with Golar

This marks the third project undertaken by Seatrium for Golar.

CSE Global profits drop 19.3%

The lower earnings were driven by a shift in business mix towards lower-margin data centre projects.

Genting Singapore net profit drops 34% to $156m in H1

Higher depreciation and lower interest income weigh as revenue slips 1%. 

Wilmar International H1 net profit grows 2.3% to $779.4m

Feed & Industrial Products' pre-tax profit jumps 55%.

Olam Group H1 profit soars nearly fivefold on $1.75b one-off gains

The board declared a total dividend of $0.07 per share.

RH Petrogas profit rises to $12.5m on higher oil prices, lower costs

Realised oil prices reached $110.08 per barrel during the period.

Food Empire net profit rises 12.2% YoY to 45.2m in H1

Central Asia recorded strongest revenue growth among its market segments.

OCBC loan growth to moderate in H2 as deal loans fade: RHB

Loan growth and NII estimates have been improved compared to earlier assumptions.

Over 2.4m Singaporeans to get up to $600 COL payout in September

Payments start on 9 September for eligible adults owning no more than one property.

Yangzijiang Maritime profit drops 29% as fund costs surge

Group has contracted 12 vessel sales worth $640m and secured $54m for four vessels.

COSCO H1 profit jumps 188% on higher income, lower finance cost

Group revenue increased 6% to $96.8m, supported by higher logistics revenue.

ShopeePay now accepted on Google Play Singapore

It includes SPayLater and credit and debit cards linked to ShopeePay.

MoneyMax profit surges 77% to $52.5m in H1

The board declared an interim dividend of $0.0025 per share.