diversification

Corporate moves

Heeton eyes bigger hospitality business for recurring income

Heeton Holdings is looking for growth in its hospitality segment for better recurring income.
NutryFarm diversifies into durian distribution - THE EDGE SINGAPORE

Corporate moves

NutryFarm diversifies into durian distribution

NutryFarm is getting into the durian business and it seems that profits are ripe for the picking.
Arion Entertainment acquires holding company, begins foray into Hong Kong - THE EDGE SINGAPORE

Company in the news

Arion Entertainment acquires holding company, begins foray into Hong Kong

The magazine publisher had outlined plans to enter real estate brokerage services, franchising, moneylending and more.

Company in the news

Micro-Mechanics ups dividend on higher earnings, bets on steady demand to ride through Covid-19

SINGAPORE (Feb 21): The semiconductor industry has enjoyed a rebound on the back of the easing of US-China trade tensions, but is yet again threatened with a potential disruption as the ongoing Covid-19 virus outbreak intensifies.

Investing ideas

Potential spin-off and listing of ThaiBev's beer business could bring new highs

SINGAPORE (Dec 3): Something is brewing at Thai Beverage.

Banking & finance

Singapore banks primed for headwinds after earnings beat

SINGAPORE (Aug 2): Singapore banks delivered second-quarter profit that beat analysts’ estimates, indicating they are well placed to weather mounting pressures from a global economic slowdown and falling interest rates.

Update

Raffles Medical Group says not long before China forms 20-40% of overall business

SINGAPORE (April 29): Raffles Medical Group (RMG) says Raffles Hospital Chongqing saw around 500 patients over 1Q19 since it opened in January this year. The new hospital currently has between 100 and 150 beds, and the group intends to roll out more beds

Broker's Calls

Food Empire downgraded as US ramps up sanctions against Russia

SINGAPORE (Aug 15): RHB Research is downgrading its call on Food Empire to “neutral” from “buy” while lowering its target price on the stock to 60 cents from $1.07 previously to reflect a lower target P/E of 14 times as a result of lower valuation

Broker's Calls

Why business diversification of this telco won't ease investor worries just yet

SINGAPORE (Mar 27): UOB Kay Hian is maintaining its “sell” recommendation on M1 with a target price of $1.60 on expectations of stiff market competition from the impending entry of TPG Telecom as Singapore’s fourth mobile operator in 2H18.

In print this week

How protective clothing drove business growth in more ways than one for this company

SINGAPORE (Jan 8): Amos International Holdings is one of many maritime support services companies that have sprouted up in Singapore over the decades to serve the growing number of vessels calling at ports around the region.
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