To The Moon

SINGAPORE, May 2 (Reuters) - DBS Group, Singapore's biggest bank, posted on Thursday a 15% rise in net profit in the first quarter to a record high of S$2.96 billion ($2.18 billion) from a year earlier, driven by strong total income growth.($1 = 1.3600 Singapore dollars)

0649 GMT - Manulife US REIT's debt-restructuring package seems like the best way to restore long-term value to unitholders, RHB Research analyst Vijay Natarajan says in a research report. To resolve loan-covenant breaches, the REIT will raise US$287 million via the divestment of its Park Place property in Arizona, secure a loan from its sponsor and draw down its cash holdings, the analyst notes. The REIT is also selling off other assets, and has identified four non-core Tranche-1 assets for priority sale, the analyst adds. RHB keeps a buy call on the REIT but cuts its target price to US$0.13 from US$0.25 based on an estimated 0.35X 2025 book value. Units fall 4.2% to US$0.069.

As the final earnings season for 2023 commences, we look at four REITs you should monitor.

JD.com is down 40% year-to-date compared to positive 6% for Alibaba stock and a 20% jump by Pinduoduo.There have been a number of headwinds for JD.com in this year but the current correction seems to

Regulators have green-lit an initial clutch of companiesBeijing deems AI a business as well as political imperativeBaidu Inc. headquarters in Beijing.China approved a first batch of generative artific

The following companies saw new developments that may affect the trading of their securities on Wednesday (Aug 23):ComfortDelGro on Tuesday (Aug 22) said it will pay out its interim dividend of S$0.02

$Zoom(ZM)$ Video Communications Inc. raised its profit and sales forecast for the fiscal year, a positive sign for the software maker’s plan to expand products beyond its namesake videoconferencing so

Bank of America reiterated a Buy rating on Nio Inc. (NYSE: NIO) and raised their 12-month price target on the ...(Premium-only article. Please sign in or upgrade to SI Premium to view.)