NASDAQ

Tech stocks are in a bear market, but they aren't cheap - THE EDGE SINGAPORE

Tech

Tech stocks are in a bear market, but they aren't cheap

They’re a lot cheaper but not cheap yet.

US stocks

Nasdaq's Friedman sees IPO revival led by digital innovators

Friedman has been diversifying Nasdaq’s revenue stream to make it less reliant on the market for growth.

US stocks

Nasdaq 100 loses US$1 trillion in value — again

"It's too early to turn positive on US tech stocks." - Edmund Shing of BNP Paribas Wealth

Broker's Calls

Sell-off in share price unwarranted, Citi keeps 'buy' on Grab while DBS maintains 'hold' call

Citi Research analysts view the sell-off as an enhanced buying opportunity.

Results

Grab's loss widens by 73% to US$1.1 billion in 4Q21

Grab's FY2021 revenue grew 44% y-o-y to US$675 million.

Global Economy

US equity futures and stocks sink; Brent soars to US$100 on Russia assault

S&P 500 and Nasdaq 100 contracts slid about 2%

Global Markets

It’s all relative

Right now in Singapore, the tide is rising, and I choose to go along with it.

Tech

Grab Holdings to be included in MSCI flagship global index

The Singapore-headquartered ride hailer will be added to the index as at the close of Feb 28.

M&A

Grab completes acquisition of Malaysian supermarket chain Jaya Grocer

The acquisition is EBITDA accretive to its business, said Grab.
Assembling the digital economy ecosystem, one byte at a time - THE EDGE SINGAPORE

Digital Economy

Assembling the digital economy ecosystem, one byte at a time

Singapore's strong digital economy would mean more tech companies would list here. However, this has not really been the trend
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