$DBS GROUP HOLDINGS LTD(D05.SI)$ $UOB(U11.SI)$ $ocbc bank(O39.SI)$ Singapore Banks: Have Profits Peaked, But Growth Still Sprouts? Singapore's banking sector, a longstanding pillar of the nation's economy, might be past its peak earnings period. Analysts predict that rising funding costs and potential interest rate cuts by the US Federal Reserve later this year could dampen future profits. However, this doesn't paint the whole picture. Let's delve deeper into the current landscape and what's on the horizon for Singaporean banks. Earnings Likely
That's exciting news! I've lived in Ang Mo Kio for over 40 years, and it's great to see Apple expanding their campus here after being in the neighbourhood for more than 30 years. While they don't have any manufacturing in Ang Mo Kio, the campus focuses on sales and technical support. This expansion seems geared towards their growing needs in AI. It was fantastic to have Tim Cook himself announce it during his visit to Singapore$Apple(AAPL)$
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$Taiwan Semiconductor Manufacturing(TSM)$ Hooray Looks like my prediction was on point! TSMC is to be the only chip fab currently supporting Apple, Nvidia, and AMD with their AI chip production. ASML's recent stock price decline, but it won't contribute to TSMC's growth. I am bullish in TSMC future. Earning Report Beat expectations
Hooray Looks like my prediction was on point! TSMC is to be the only chip fab currently supporting Apple, Nvidia, and AMD with their AI chip production. ASML's recent stock price decline, but it won't contribute to TSMC's growth. I am bullish in TSMC future.
TSMC Shares Rise over 3% Premarket As Q1 Profit Rises 9%, Beats Market Expectations
$Visa(V)$ Visa continues to be a force in the global payments industry, buoyed by recent financial performance and strategic investments in new technologies like Artificial Intelligence (AI). Solid Financials and Positive Outlook: The company is experiencing healthy growth in credit and debit card spending, leading to strong profits. Investors are eagerly awaiting their second-quarter results for 2024, scheduled for release on April 23rd. Visa's management has also reinstated full-year guidance, projecting double-digit adjusted net revenue and EPS growth, indicating their confidence in the company's future. AI Powering Innovation: Visa isn't resting on its laurels. They've launched the $100 million Generative AI Ventures Initiative, showcasing
Breaking News: A 6.4 magnitude earthquake struck western Japan near Aina City earlier today at 11:15pm Japan time. While no tsunami warnings have been issued, there's a possibility of landslides and road closures. Authorities report no abnormalities at the Ikata nuclear power plant. @Daily_Discussion$Japanese Yen - main 2406(JPYmain)$
Yes, that's correct. However, it's important to note that some Taiwanese manufacturers in the low-end sector have begun to lay off staff to reduce costs. High-end processor manufacturing for AI, however, seems unaffected. Recent news also reports that Huawei is actively recruiting talent from TSMC and ASML to develop their own domestic EUV technology.$Taiwan Semiconductor Manufacturing(TSM)$ $ASML Holding NV(ASML)$
TSMC First-Quarter Profit Expected to Rise 5% on Strong AI Chip Demand
Congratulations to Lawrence Wong on his appointment! This marks the beginning of a new era for Singapore. I trust that under his leadership, Singapore will continue to prosper. May his tenure be marked by zero corruption, affordable housing, accessible healthcare, and continued economic growth. 👏👏$STI ETF(ES3.SI)$ $UOB(U11.SI)$ $ocbc bank(O39.SI)$
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My investment strategy prioritizes cash over bank loans. I believe in working hard to invest and achieve financial independence (FIRE). Life is precious, so I aim to treat myself and my family well.