Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
The Edge Print and Digital 1 Year
S$ 139.00/Year
Weekly print edition delivered to your mailbox
Unlimited access to online articles
3 simultaneous device logins
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
For bulk or corporate subscriptions, please submit your enquiry here
You’ve chosen
Please wait...
You are about to be charged
Please wait...
Create an account to purchase your new subscription.
Email address is empty or not valid
Password is empty or not valid
Password confirmation is not valid
By clicking continue, I agree to receive exclusive content, offers and updates to products and services from The Edge Singapore. I can change these preferences at any time.
Notice: Undefined index: issue_id in allow_view_pdf() (line 100 of /home/testing/The_Edge_Singapore_Website/sites/all/modules/custom/tes_pdf_viewer/tes_pdf_viewer.module).
Notice: Trying to get property 'field_free_to_view_pdf' of non-object in allow_view_pdf() (line 101 of /home/testing/The_Edge_Singapore_Website/sites/all/modules/custom/tes_pdf_viewer/tes_pdf_viewer.module).
Notice: Undefined index: Secret-Mobile-App-Key in mobile_app_api_middleware() (line 116 of /home/testing/The_Edge_Singapore_Website/sites/all/modules/custom/tes_api_mobile_app/tes_api_mobile_app.module).
Notice: Undefined index: Secret-Mobile-App-Key in mobile_app_api_middleware() (line 116 of /home/testing/The_Edge_Singapore_Website/sites/all/modules/custom/tes_api_mobile_app/tes_api_mobile_app.module).
Notice: Undefined index: Secret-Mobile-App-Key in mobile_app_api_middleware() (line 116 of /home/testing/The_Edge_Singapore_Website/sites/all/modules/custom/tes_api_mobile_app/tes_api_mobile_app.module).
Notice: Undefined index: Secret-Mobile-App-Key in mobile_app_api_middleware() (line 116 of /home/testing/The_Edge_Singapore_Website/sites/all/modules/custom/tes_api_mobile_app/tes_api_mobile_app.module).
Notice: Undefined index: Secret-Mobile-App-Key in mobile_app_api_middleware() (line 116 of /home/testing/The_Edge_Singapore_Website/sites/all/modules/custom/tes_api_mobile_app/tes_api_mobile_app.module).
Notice: Undefined index: Secret-Mobile-App-Key in mobile_app_api_middleware() (line 116 of /home/testing/The_Edge_Singapore_Website/sites/all/modules/custom/tes_api_mobile_app/tes_api_mobile_app.module).
Notice: Undefined index: Secret-Mobile-App-Key in mobile_app_api_middleware() (line 116 of /home/testing/The_Edge_Singapore_Website/sites/all/modules/custom/tes_api_mobile_app/tes_api_mobile_app.module).
Notice: Undefined index: Secret-Mobile-App-Key in mobile_app_api_middleware() (line 116 of /home/testing/The_Edge_Singapore_Website/sites/all/modules/custom/tes_api_mobile_app/tes_api_mobile_app.module).
Notice: Undefined index: Secret-Mobile-App-Key in mobile_app_api_middleware() (line 116 of /home/testing/The_Edge_Singapore_Website/sites/all/modules/custom/tes_api_mobile_app/tes_api_mobile_app.module).
Notice: Undefined index: Secret-Mobile-App-Key in mobile_app_api_middleware() (line 116 of /home/testing/The_Edge_Singapore_Website/sites/all/modules/custom/tes_api_mobile_app/tes_api_mobile_app.module).
Notice: Undefined index: Chat-Edge-Api-Key in chat_edge_api_middleware() (line 27 of /home/testing/The_Edge_Singapore_Website/sites/all/modules/custom/tes_chat_edge/tes_chat_edge.module).
Notice: Undefined index: Secret-Mobile-App-Key in mobile_app_api_middleware() (line 116 of /home/testing/The_Edge_Singapore_Website/sites/all/modules/custom/tes_api_mobile_app/tes_api_mobile_app.module).
Notice: Undefined index: Secret-Mobile-App-Key in mobile_app_api_middleware() (line 116 of /home/testing/The_Edge_Singapore_Website/sites/all/modules/custom/tes_api_mobile_app/tes_api_mobile_app.module).
Deprecated function: Function create_function() is deprecated in blockgroup_block_list_alter() (line 298 of /home/testing/The_Edge_Singapore_Website/sites/all/modules/blockgroup/blockgroup.module).
Deprecated function: Function create_function() is deprecated in blockgroup_block_list_alter() (line 298 of /home/testing/The_Edge_Singapore_Website/sites/all/modules/blockgroup/blockgroup.module).
Deprecated function: Function create_function() is deprecated in blockgroup_block_list_alter() (line 298 of /home/testing/The_Edge_Singapore_Website/sites/all/modules/blockgroup/blockgroup.module).
Deprecated function: Function create_function() is deprecated in blockgroup_block_list_alter() (line 298 of /home/testing/The_Edge_Singapore_Website/sites/all/modules/blockgroup/blockgroup.module).
Deprecated function: Function create_function() is deprecated in blockgroup_block_list_alter() (line 298 of /home/testing/The_Edge_Singapore_Website/sites/all/modules/blockgroup/blockgroup.module).
Deprecated function: Function create_function() is deprecated in blockgroup_block_list_alter() (line 298 of /home/testing/The_Edge_Singapore_Website/sites/all/modules/blockgroup/blockgroup.module).
Deprecated function: Function create_function() is deprecated in blockgroup_block_list_alter() (line 298 of /home/testing/The_Edge_Singapore_Website/sites/all/modules/blockgroup/blockgroup.module).
Deprecated function: Function create_function() is deprecated in blockgroup_block_list_alter() (line 298 of /home/testing/The_Edge_Singapore_Website/sites/all/modules/blockgroup/blockgroup.module).
Deprecated function: Function create_function() is deprecated in blockgroup_block_list_alter() (line 298 of /home/testing/The_Edge_Singapore_Website/sites/all/modules/blockgroup/blockgroup.module).
Warning: count(): Parameter must be an array or an object that implements Countable in _uc_line_item_list() (line 133 of /home/testing/The_Edge_Singapore_Website/sites/all/modules/ubercart/uc_order/uc_order.line_item.inc).
Notice: Undefined variable: flash_cat in eval() (line 110 of /home/testing/The_Edge_Singapore_Website/modules/php/php.module(80) : eval()'d code).
Notice: Undefined index: #form_id in theedgesg_preprocess_page() (line 3513 of /home/testing/The_Edge_Singapore_Website/sites/all/modules/custom/theedgesg/theedgesg.module).
Karin Technology Holdings reported lower sales for its FY2025 but was able to maintain earnings in the same year ended June 30.
Revenue was down 12.4% y-oy to HK$1.93 billion, with softer sales across its three main segments: IT infrastructure, components distribution and consumer electronics products.
However, gross margin increased by 0.7 percentage points to 9.2, which helped hold earnings at HK$19.2 million, up 1% versus the preceding FY2024.
The bottom line was supported by higher interest income and lower administrative costs as well.
Thanks to higher revenue, lower costs of sales and lower financing costs, Oxley Holdings has reduced its losses for FY2025.
In the year ended June 30, the company was $6.1 million in the red, a sharp drop from $95.9 million of losses incurred in the preceding FY2024.
Revenue for the half year ended June 30 was an increase of 59.8% y-o-y to $198.3 million, which brings its full year revenue to $313.6 million, an increase of 8.7% over the preceding FY2024.
DBS Group Research and Maybank Securities have reiterated their “buy” calls on Singapore Telecommunications (Singtel) with target prices of $5.04 and $4.30, respectively. The analysts say Singtel’s key business units either remain resilient or are showing clear signs of recovery.
AIMS APAC REIT plans to acquire Framework Building for $56.65 million, which includes a $10.9 million land premium to be paid to JTC Corporation.
The property, at 2 Aljunied Avenue 1, is expected to give an initial net property income yield of 8.1%, which will translate into a 2.5% DPU accretion based on 100% debt funding.
On a pro forma basis, DPU accretion would be around 0.5% based on the utilisation of proceeds of about $36.20 million from the REIT's 2023 equity fund raising, together with debt funding of some $24.18 million.
GuocoLand has reported a higher top line for its FY2025 ended June 30, with both development and investment revenue growing.
However, due mainly to allowance made for its development properties in China, earnings for the year was down 17% to $107 million over the preceding FY2024.
Despite lower earnings, GuocoLand plans to pay a final dividend of 7 cents. In the five preceding years, it paid a consistent 6 cents each.
Vijay Natarajan of RHB Bank Singapore has maintained his "buy" call on Starhill Global REIT, calling it an "undervalued midcap" counter that has delivered stable distribution per unit in recent years despite "market challenges".
With prospects of higher DPU ahead, he has raised his target price from 55 cents to 60 cents.
Natarajan's optimism is based on how the REIT, which is 70% exposed to Singapore, will benefit from falling domestic rates and economic recovery.
When Johnny Jan, founder and CEO of Winking Studios, reflects on the gaming industry, he puts it simply: “In good times or bad, people will always turn to games for entertainment, connection and escape.”
To Jan, this belief isn’t just a romantic musing.
It is a reality he is intimately familiar with, having run his studios since 1997, and has progressed to become a game art outsourcing and game development studio offering services to the majority of the world’s biggest gaming companies.
CapitaLand Investment's China REIT, CapitaLand Commercial C-REIT (CLCR), has received approval to register for a listing. The listing is likely to be by the end of the year.
In an announcement on Aug 27, CLI says that the China Securities Regulatory Commission has given CLCR the go-ahead to register for its listing on the Shanghai Stock Exchange.
CLCR is expected to raise some RMB2.1 billion, or $375 million, through the issuance of 400 million units.
Creative Technology is selling its Super X-Fi audio technology-based assets and inventory to a company set up by an unnamed "management employee" for US$5 million.
Upon completion of the sale, Creative will book a net gain of some US$3 million and channel the proceeds to working capital.
According to Creative, it will receive US$1 million in ten monthly instalments and take a 40% stake in Zeica Labs, the company that is buying Super X-Fi, which is used in Creative products such as the Creative Zen Hybrid SXFI headphone.
ISOTeam has reported earnings of $3.2 million for its 2HFY2025 ended June, down 37.1% y-o-y. This brings its full-year earnings to $5.1 million, down 21.2% over the whole of FY2024.
The company booked revenue of $53.9 million for 2HFY2025, down 20.2% y-o-y, with full-year revenue down 8.4% to $119.2 million, due to lower repairs and redecoration revenue.
Its other business segments include coating and painting, which was down as well, while additions and alteration works, the largest segment, was down slightly for its 2HFY21025 but up 25.2% for the whole of FY2025.