What happened in markets this week, and what are analysts talking about? Uni-Asia • KGI; Joel Ng: Upgrade to Outperform with TP S$0.91. Valuations are attractive with bulk carrier upcycle and resilient property markets in HK and Japan. The House raises its multiples for shipping division from 0.2x to 0.5x P/B while maintaining 0.5x P/B for […]

The market has been reacting with each new Covid development. But has it gone in the direction you expected it to go? We break down the share price changes of eight local companies from Circuit Breaker to Phase 2 (Heightened Alert).  Comment below to share your thoughts with us!

What happened in markets this week, and what are analysts talking about? Tencent Tencent reported 1Q results which were generally in line with estimates. Revenue +25% yoy to RMB135,303m ; Net profit +65% yoy to RMB47,767m while non IFRS net profit grew 22% yoy to RMB33,118m.  Results highlights • CIMB; Mark & Chi Man: Maintain […]

What happened? China has banned financial institutions and payment companies from providing services related to cryptocurrency, warning investors against speculative trading. According to a report by Bloomberg, China is home to about 70% of the world’s bitcoin-related calculations deriving from IP addresses based in China. Prior to this, the cryptocurrency market has already been under […]

We talked about how to save more money in the previous article. Now let’s talk about something that’s less fun but equally important: how to pay off debt. We’ll all land in debt one way or another (that is of course, unless you have the backing of a trust fund), perhaps most commonly through student […]

What happened in markets this week, and what are analysts talking about? iFast To recap, iFast reported its results in April with a record net profit of S$8.8m in 1Q (2.5x from a year ago); on the back of a 51.4% rise in revenue. Assets under admin (AUA) also grew to a new record of […]

I distinctly remember what I felt when I saw my first full-time salary in my bank account. “Omg…like that only ah…” I was earning a typical graduate’s pay at that time. After calculating a realistic monthly expenses budget, I realised that I could only save approximately $1000+ each month. It would take me the entire […]

What happened? Meituan’s share price dropped as much as 9.8% on Monday after its CEO’s social media post over the weekend sparked concerns that Meituan may face more regulatory crackdown. Meituan CEO cited a poem about burning books during the Qin dynasty in a social media post which sparked speculation that he was complaining about […]