{
}
UltraGreen.ai, a Singapore-based medtech firm specializing in fluorescence technology for medical imaging, is considering an IPO to raise up to S$400 million (US$298 million). The company is currently collaborating with financial advisers to explore a potential listing in Singapore later this year, marking a significant event as the country has not seen any IPOs in 2025. Notable clients include Adventist Health, Cleveland Clinic, and Mayo Clinic.
Morgan Stanley has initiated coverage on Singapore Technologies Engineering (STE) with an Overweight rating and a target price of SGD8.00, forecasting an 8% CAGR in defense revenue from 2024 to 2029. The firm anticipates growth driven by international sales and increased defense spending amid geopolitical tensions, particularly from NATO countries. However, risks such as potential cuts in defense budgets and overexpansion in MRO capacity could impact this outlook, with the upcoming NATO Summit seen as a potential catalyst for further investment clarity.
Taobao is launching an English app in several Asian markets, aiming to enhance its appeal to non-Chinese customers and address past shopping challenges. While it leverages its connection to Lazada, it faces competition from established players like Shopee, known for better returns and after-sales support. The platform's clothing quality has reportedly improved significantly, prompting a potential resurgence in interest among shoppers.
UBS has adopted a selective approach to real estate stocks, favoring those with strong growth potential, pricing power, and solid cash flows. The firm sees opportunities in companies with profitable pipelines and attractive yield gaps, while noting that Japanese developers are performing well, but REITs face challenges from rising interest costs. In Europe, short-term uncertainties persist, yet gradual improvements are expected, particularly in the US and Australian markets, while Hong Kong developers may benefit from stabilizing fundamentals in mainland China.
Huawei Cloud hosted its Asia-Pacific Forum, unveiling six collaborative initiatives to support Chinese enterprises expanding in the region, which is now their largest market outside China. The forum highlighted the importance of understanding local markets and leveraging technology for successful globalization. With a commitment of USD10 million for the "Asia-Pacific Acceleration Program," Huawei aims to empower businesses through strategic consulting, solution development, and co-marketing initiatives.
Singapore Airlines and American Express are enhancing their joint Business Credit Card, effective April 23, 2025, to provide SMEs with improved travel rewards. Key updates include increasing the conversion limit of HighFlyer points to KrisFlyer miles from 100,000 to 150,000 and offering KrisFlyer Elite Gold status for 100,000 points, down from 125,000. The card will also feature an earning rate of up to 8 HighFlyer points per S$1 spent on eligible flights, alongside existing benefits like 0% interest on six-month installments for Singapore Airlines flights and Accor Plus membership.
The American Express Singapore Airlines Business Credit Card will enhance travel rewards for SMEs starting 23 April 2025. Key benefits include an increased conversion limit of HighFlyer points to KrisFlyer miles, discounted KrisFlyer Elite Gold status redemption, and a welcome bonus of 10,000 HighFlyer points for new users. The card also offers up to eight HighFlyer points per SGD1 spent on eligible flights and an annual fee of SGD400.
Goldman Sachs Singapore acquired 65.5 lakh shares of Samvardhana Motherson at an average price of Rs 132.70 per share on March 25. Simultaneously, Kadesa Master Fund sold the same number of shares at the same price.
HSBC Holdings plc has issued SG$800 million in perpetual subordinated contingent convertible securities. The banking group generates revenues primarily from retail banking and wealth management (42.3%), commercial banking (31.8%), and investment banking (25.9%). As of the end of 2024, HSBC reported USD 1,654.9 billion in current deposits and USD 930.6 billion in current credits.
HSBC Holdings plc has issued SGD 800 million in perpetual subordinated contingent convertible securities with a resettable interest rate of 5.000%. This issuance, part of a US$50 billion program, aims to strengthen the bank's capital base and complies with regulatory requirements. The securities are complex financial instruments not suitable for all investors and are not registered under the US Securities Act, limiting their sale within the United States.
Singapore Dollar
Currency
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Singapore medtech firm plans IPO to raise up to 298 million dollars
05:10 02.04.2025
Morgan Stanley initiates coverage on Singapore Technologies Engineering with positive outlook
06:46 01.04.2025
taobao expands cross-border offerings to enhance shopping experience in asia
United States Dollar
Japanese Yen
Singapore Dollar
Chinese Yuan
Indonesian Rupiah
Grab2Go AS
PHL
SGP
MYS
IDN
CHN
Show more
11:30 30.03.2025
ubs adopts selective approach to real estate stocks amid market uncertainties
Japanese Yen
Australian Dollar
Singapore Dollar
United States Dollar
Euro
SGP
AUS
HKG
GBR
JPN
USA
Show more
11:56 28.03.2025
huawei cloud launches initiatives to support chinese enterprises in asia pacific
Singapore Dollar
Chinese Yuan
United States Dollar
Thai Baht
SGP
THA
IDN
HKG
MYS
CHN
Shou Dong
Samson Cheung
Jacqueline Shi
Xiaoxuan Jin
Haifeng Shang
Bi Peng
Cai, Yi
Jennifer Zhang
Tian Ye
Show more
02:32 27.03.2025
Singapore Airlines and American Express enhance business credit card benefits for SMEs
03:48 26.03.2025
American Express enhances Singapore Airlines Business Card travel rewards for SMEs
00:15 26.03.2025
Goldman Sachs acquires 65.5 lakh shares of Samvardhana Motherson in bulk deal
19:21 25.03.2025
hsbc issues 800 million dollar perpetual subordinated contingent convertible securities
11:41 24.03.2025
HSBC issues 800 million in contingent convertible securities to strengthen capital base
10:22 24.03.2025
Trending
Subcategory
Countries:
Companies:
Currencies:
People: