U.S. oil futures declined on Friday , settling below $90 a barrel for the first time in more than a week. Downbeat economic data from China dulled prospects for energy demand
@TigerStars@TigerEvents do feature for people to learn
*Singapore*
UOL Group: posted earnings of S$371 million for the first half-year ended June, up 306 per cent from S$91.3 million in the year-ago period
ComfortDelGro posted a 30.4 per cent increase in net profit to S$118.7 million for the first half of 2022, up from S$91 million a year earlier
HRNet: Tight labour market and strong performance in North Asia remain catalysts for HRnet ~ theedge
Straits Trading plans distribution-in-specie worth 50 cents per share following ARA divestment gain; up as much as 10.1% on special dividend cheer
Union Gas reports higher revenue but lower earnings as it held down selling prices to retain and gain market share
Golden Energy and Resources reports 859% earnings surge, sees softer coal prices ahead
Mooreast doubles 1HFY2022 earnings, stays focused on renewable sector
Genting: Maybank downgrades Genting Sing as improving fundamentals priced in; revised tp $0.86
Riverstone: CGS-CIMB has downgraded Riverstone Holdings rating to “hold” from “add” with a lower target price of S$0.80 down from S$1.10 previously, as it believes weakening glove demand will lead to lower plant utilisation in H2 2022
SingPost to ‘defend itself’ in arbitration over share purchase dispute; financial impact not known yet
SembMar: CGS-CIMB raises Sembmarine target price to 11 cents on reduced losses and prospect of new orders
Q&M Dental H1 2022 earnings fall 45% on lower revenue
Elite Commercial REIT: Following 1HFY2022 results, analysts praise Elite Commercial REIT's stable portfolio, lower gearing ~ theedge
Ascott Trust plans to buy 9 overseas properties; launches private placement to raise S$150m
Dasin Retail Trust reported a S$56.4 million loss as revenue and net property income both fell 7.1 per cent for the first half ended June 2022
Singapore property: New private home sales up in July, driven by AMO Residence transactions
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*World*
Inflation seen to ease with combination of supply chain kinks smoothing, says Fitch Ratings
*US*
Stifel Upgrades Plains GP Holdings to Buy From Hold, Adjusts Price Target to $16 From $14 ($PAGP)
Oppenheimer Upgrades Crescent Capital BDC to Outperform From Perform, Trims Price Target to $19 From $20 ($CCAP)
Janney Upgrades NexPoint Residential Trust to Buy from Neutral, Keeps $75 Price Target ($NXRT)
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