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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.
HSBC Holdings plc has successfully issued SGD 800 million in perpetual subordinated contingent convertible securities, featuring a 5.000% interest rate and callable during optional redemption periods. This move aims to strengthen its capital base and enhance financial flexibility, reassuring stakeholders about the bank's stability. The securities have been admitted to the Global Exchange Market of Euronext Dublin.
Fore Coffee has filed for an IPO amid a temporary trading halt on the local exchange due to a market dip. The company plans to use the funds for expansion, targeting 60 new stores this year, including a second location in Singapore.In other news, Grab is expanding its grocery segment in Malaysia, which has outpaced its food delivery growth for two consecutive quarters. The company is acquiring Everrise to enhance its presence in the grocery market, despite challenges in profit margins.
American Express and Singapore Airlines are enhancing the American Express Singapore Airlines Business Credit Card with new benefits for SMEs, effective 23 April 2025. Key updates include an increased conversion limit for HighFlyer points to KrisFlyer miles, a welcome bonus of 10,000 HighFlyer points, and the ability to attain KrisFlyer Elite Gold status at a reduced points requirement. The annual fee will be S$400, and the card continues to offer existing perks like 0% interest on instalments for flights and Accor Plus membership.
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ubs adopts selective approach to real estate stocks amid market uncertainties
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11:56 28.03.2025
huawei cloud launches initiatives to support chinese enterprises in asia pacific
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02:32 27.03.2025
Singapore Airlines and American Express enhance business credit card benefits for SMEs
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American Express enhances Singapore Airlines Business Card travel rewards for SMEs
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Goldman Sachs acquires 65.5 lakh shares of Samvardhana Motherson in bulk deal
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hsbc issues 800 million dollar perpetual subordinated contingent convertible securities
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HSBC issues 800 million in contingent convertible securities to strengthen capital base
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HSBC issues SGD 800 million in securities to bolster capital base
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fore coffee plans ipo amid market volatility and expansion efforts
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