Yoma Strategic Holdings (Yoma) recorded a healthy revenue growth of 11 percent to $124.2 million for FY17, underpinned by the strong performance of the group’s non-real estate businesses.
mm2 Asia has announced a 130.1 percent increase in FY17 net profit to $18.8 million on the back of significant increase in the group’s core business.
Over the course of 1Q17, indices appear to be gaining the market’s attention. Specifically amongst Asian bourses, the local Straits Times Index (STI) had risen to be one of the top performers, ending the first quarter up 10.2 percent and printing the best quarterly performance since 2012.
Business Times Singapore reported a few hours earlier: "Noble Group: Many shareholders of the commodity trader walked out of its special general meeting on Friday in protest against its share consolidation move, after their request to have the resolution postponed was rejected. Still, the resolution was passed, with 99.73 percent of votes cast in favour of it."
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In a reverse takeover (RTO) move, Mainboard-listed VGO Corp issued 1.2 billion shares at 32.5 cents each, or $386 million in total, to Malaysia-based Hatten Group whereby the latter will own 92.8 percent of the Singapore-listed entity. The Hatten Group is owned by the Tan Brothers, Dato Colin Tan and Dato Edwin Tan.
Will these end the eight-year-old US equities bull that has been alive for much longer than most economists had expected?
What do most people look out for when buying a property? Location, location and location! This is a term, according to language expert William Safire, coined by British real estate tycoon Lord Harold Samuel in his obituary when the latter passed away in 1987.
Swimming against the tide is no easy feat, as most swimmers would tell you hence stocks that outperform the general market – especially if they delivered superior earnings amid weak economic conditions – warrant closer attention.
Carlsberg Brewery Malaysia’s (Carlsberg) 4Q16 net profit sank 36.8 percent to RM47.1 million due to a share of loss of RM3.2 million in an associate company, Lion Brewery, which was out of production for sev...