Upbeat
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Brokers’ take: RHB raises ST Engineering’s target on upbeat earnings outlook
RHB raised its target price on Singapore Technologies Engineering (ST Engineering) to S$5.32 from S$5 after rolling forward its valuation base year to fiscal year 2025. It has a “buy”…
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Airbus CEO upbeat on new engine technology, but says jury still out
THE head of European planemaker Airbus said novel open-rotor technology being tested by engine maker CFM International offers promising efficiencies and reductions in emissions but the “jury is out” on whether it…
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US: Dow notches record high close after upbeat economic data
WALL Street stocks rose and the Dow scored a second consecutive all-time closing high on Friday (Aug 30), with Tesla and Amazon climbing after fresh US economic data raised expectations…
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Centurion upbeat on strong student dorm demand, bed shortage in key study destinations
An analyst says the specialised accommodation operator’s strong rental reversions could be a catalyst for a re-rating of the counter MAINBOARD-LISTED Centurion Corporation expects the demand for purpose-built student accommodation…
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Oil rises nearly 2% on upbeat US economic data, geopolitical tension
OIL prices gained more than US$1 a barrel on Thursday (Aug 15) after United States economic data allayed fears of recession in the world’s biggest economy, although the rally was…
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Cisco gives upbeat sales forecast even as it cuts jobs
CISCO Systems, the biggest maker of computer networking equipment, gave a bullish revenue forecast for the current period thanks to a rebound in orders, but also announced plans to cut…
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After 500 mln in India, WhatsApp has reached 100 mln monthly users in US: Mark Zuckerberg upbeat
Meta-owned WhatsApp has reached 100 million users in the US, said its CEO Mark Zuckerberg. This is the first time the social media company has revealed its US figures for…
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Computer parts maker Logitech lifts outlook after upbeat quarter
COMPUTER mouse maker Logitech International raised its full-year sales and profit outlook on Tuesday (Jul 23), after a strong performance across nearly all product categories and a rising contribution from…
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Brokers’ take: RHB raises ST Engineering target on upbeat dividend, profit growth
This comes after the group increases its commercial aerospace capabilities with new contracts RHB Research has lifted its target price on ST Engineering by 11.1 per cent to S$5 from…
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Goldman Sachs boosts S&P 500 target on upbeat profit outlook
Goldman Sachs Group strategists have boosted their year-end target for the S&P 500 Index for a third time, reflecting Wall Street’s optimistic outlook for earnings growth and the US economy.…
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Dell shares tumble as weak margin forecast clouds upbeat quarter
DELL Technologies said on Thursday (May 30) it expects its adjusted gross margin rate to decline about 150 basis points in fiscal 2025, sending its shares down 18 per cent…
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US dollar down on profit taking but upbeat outlook remains
THE US dollar slipped against most major currencies on Friday (May 24) as traders booked profits after recent gains but the US currency remained well-placed for further advances, supported by…
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US dollar slips on profit taking but upbeat outlook remains
THE US dollar slipped broadly on Friday (May 24) as traders booked profits after recent gains but the US currency remained well-placed for further advances, supported by strong US economic…
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X platform boasts of 600 million monthly active users; Elon Musk upbeat
Neighbours fume at new X logo, Musk says won’t leave San FranciscoIANS Tesla CEO Elon Musk on Friday said that his X social media platform has reached 600 million monthly…
US dollar dips as Fed’s Powell’s dovish comments offset upbeat jobs data
THE US dollar slipped on Tuesday (Jul 2) in choppy trading after Federal chair Jerome Powell struck a slightly dovish tone in his comments, suggesting that the US central bank…