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2023-03-07

Grab Holdings retires US$600 mil in 2026 debt with extra cash

$Grab Holdings(GRAB)$ Grab Holdings Ltd. on Monday said it prepaid US$600 million ($806.6 million) in debt ahead of a 2026 maturity, taking advantage of excess cash on its balance sheet. The Singapore-based ride-hailing and delivery company completed the transaction last week, bringing its debt under an outstanding term loan to US$517 million, down from the previous balance of US$1.117 billion. Grab also has about US$200 million in other bank debt. “Grab is taking advantage of our healthy cash position to reduce our gross debt balance and generate interest savings, given the macroeconomic environment,” said Chief Financial Officer Peter Oey. Grab in November bought back about US$750 million in debt - part of its US$2
Grab Holdings retires US$600 mil in 2026 debt with extra cash
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2022-06-21

Chinese investors to have better access to SGX securities

Chinese investors will now enjoy better access to information on $SINGAPORE EXCHANGE LIMITED(S68.SI)$securities market data.In a June 21 release, SGX announced that CITIC Securities, Guotai Junan Securities and ShenZhen Fortune and Information Union Co.,Ltd. will be the first batch of brokers and vendors to avail real-time SGX securities data in Mainland China.The move is part of the agreement between SGX and Shanghai Stock Exchange’s (SSE) wholly-owned subsidiary, China Investment Information Services Ltd. (CIIS). The agreement, which was first made in November 2021, was done in a bid to distribute SGX’s securities market data within Mainland China.The real-time access to prices on SGX will allow market participants to better understand the div
Chinese investors to have better access to SGX securities
avatarStarLuck
2022-07-10
Elon Musk avoided discussing the collapsed Twitter deal as he addressed an audience of moguls on Saturday in Sun Valley, two sources who attended the conference told Reuters.In a wide-reaching interview, Musk spent most of his time talking about colonizing Mars and extolling the virtues of boosting birth rates on Earth, said the sources. Musk, chief executive of $Tesla Motors(TSLA)$ Inc and rocket company Space X, has long advocated establishing a civilization on the red planet.Musk earlier this week said he will do his best to help what he called "the underpopulation crisis," following a media report that said he had twins with a top executive at his brain-chip start-up Neuralink.He spoke about how birth rates are declining in wealthy countr
avatarStarLuck
2022-06-04

TSLA Stock News: Tesla Investors Need to Know

$Tesla Motors(TSLA)$employees have seen a difficult week. On Wednesday, CEO Elon Musk sent out an email decreeing that all workers should either return to their offices for “at least 40 hours per week” or seek other opportunities. Today also began with a report that Musk intends to lay off 10% of the salaried workforce due to his bad feelings about the economy. This news sent TSLA stock into a tailspin — and it hasn’t stopped falling since. Shares closed down 9%.It hasn’t been all bad news for Tesla, though. Specifically, investors received positive updates on both Musk’s $Twitter(TWTR)$acquisition and production at the Shanghai factory. While Musk has not discussed the pending deal, there are new reasons
TSLA Stock News: Tesla Investors Need to Know
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2022-05-01
$Grab Holdings(GRAB)$$SINGTEL(Z74.SI)$Grab-Singtel and $Sea Ltd(SE)$Sea Group consortia bag Malaysia digital bank licencesTWO Singapore-based consortia are among the 5 winners of Malaysia’s digital bank licences announced by Bank Negara Malaysia on Friday (Apr 29) – a consortium led by GXS Bank and Kuok Brothers, and another led by Sea Limited and YTL Digital Capital.GXS Bank is a Grab-Singtel joint venture, and the New York Stock Exchange-listed Sea Limited is the parent company of e-commerce platform Shopee. Both companies secured Singapore digital bank licences in 2020.Before Malaysia's central bank unveiled the winners, these two consortia were already regard
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2022-05-24

Keppel DC REIT’s Share Price Has Fallen : Investors worries?

Reits, as a whole, have been under pressure due to rising interest rates.The US Federal Reserve just raised rates by half a percentage point this month to combat inflation, its largest increase in 22 years.The prospect of more rate hikes in the future by the central bank has further dampened sentiment for the asset class.$KEPPEL DC REIT(AJBU.SI)$is no exception and has seen its unit price fall steadily in the last year to a 52-week low of S$1.91.The data centre REIT’s unit price peaked at S$3.04 back in August and October of 2020 and has been on a decline since then.Should income investors be concerned with this persistent decline?Is it time to sell? Or should you consider buying more?Growth in DPU and property portfolioLet’s take a step b
Keppel DC REIT’s Share Price Has Fallen : Investors worries?
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2022-05-31
$SINGTEL(Z74.SI)$on May 30, announced that it has been appointed by $Micron Technology(MU)$Micron Technology to deploy its 5G millimetre wave (mmWave) solutions at the semicon manufacturer’s largest facility.The 5G mmWave solutions will be deployed at Micron’s 3D NAND flash memory fabrication plant in Singapore.The 5G deployment is a first in Singapore as well as for the semiconductor manufacturing sector.According to the telco, the customised solutions will be deployed at Micron’s cleanroom to support the development of a variety of digitally enabled and enhanced applications – from automated visual inspections of individual chips to augmented reality (AR) for operations and maintenance.“This industry-fi
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2022-05-26

4 Singapore Stocks Signalling Higher Dividends for 2022

Lookout for $NETLINK NBN TRUST(CJLU.SI)$$SINGAPORE POST LIMITED(S08.SI)$$FRASERS CENTREPOINT TRUST(J69U.SI)$$MAPLETREE LOGISTICS TRUST(M44U.SI)$It’s always a good feeling when dividends make their way into your bank account.As investors, we should constantly be on the lookout for strong, study companies that pay out consistent dividends.The news gets even better if the dividends rise over time, allowing you to enjoy higher levels of passive income.And if you take these dividends and reinvest them in the same companies that paid them out, you can slowly grow your wealth through compounding.Increasing your flow
4 Singapore Stocks Signalling Higher Dividends for 2022
avatarStarLuck
2022-05-02
$IFAST CORPORATION LTD.(AIY.SI)$iFAST chairman acquires more sharesOn Apr 27, iFAST Corporation chairman and CEO Lim Chung Chun acquired 60,000 shares of the company for a consideration of S$281,200.At an average price of S$4.69 per share, the acquisition took his total interest from 20.30 per cent to 20.32 per cent.His preceding acquisition of 50,000 shares at S$5.96 per share was on Feb 15.On Apr 23, the wealth management fintech platform reported its Q1 2022 results. The company reported that its net revenue declined 1.2 per cent year on year to S$28.15 million, as an 18.7 per cent year-on-year decline in non-recurring net revenue offset an 8.8 per cent year-on-year increase in recurring net revenue.The group’s assets under administration dec
avatarStarLuck
2022-04-07
$KEPPEL DC REIT(AJBU.SI)$ market is downtrend[Facepalm] times to buy and hold it[Cool] [Smile] [Happy] 

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