MeGroup renews manufacturing tie-up deal with Japan’s Hirotani
MeGroup renewed its agreement with Japan-based Hirotani to continue using their technical expertise in manufacturing, the Malaysian company said Monday.
Autos & Auto Parts
MeGroup: Honda dealership gets 4S approval, new Hyundai dealership opens
Malaysia auto dealership operator MeGroup said Monday its Honda dealership in Cheras obtained 4S approval, while its first Hyundai dealership has opened.
UPDATE: Dyson ditches designs on electric car market
Vacuum cleaner maker Dyson has ditched its plans to enter the highly competitive electric car market, according to media reports Thursday.
MeGroup enters deal to acquire additional 25 percent of Honda dealership operator
MeGroup plans to acquire another 25 percent of Honda dealership operator MJN Motors for up to MYR3.75M, the Malaysian car dealership operator said Friday.
UPDATE: Singapore stocks to watch Wednesday: ThaiBev, Keppel, Sembcorp, Perennial, Cromwell REIT
These are Singapore companies which may be in focus on Wednesday, 25 September 2019: Thai Beverage, Keppel, Sembcorp Industries and Jardine C&C.
UPDATE: Singapore stocks to watch Friday: SIA, Frasers Property, Jardine C&C, CRCT, Cromwell European REIT
These are Singapore companies which may be in focus on Friday, 16 August 2019: Singapore Airlines, Frasers Property, Jardine Cycle & Carriage and CRCT.
Jardine C&C reports 1H19 net profit more than doubled
Jardine C&C reported Friday its first half net profit jumped 147 percent on-year to US$427 million on net non-trading gains.
Jardine C&C taps new managing director as Newbigging tapped to lead JIM
Jardine Cycle & Carriage said Wednesday Alex Newbigging will step down as group managing director, to become CEO of Jardine International Motors (JIM).
MeGroup obtains first Ford dealership in deal with Sime Darby
MeGroup said Monday it was issued a letter of appointment (LOA) Sime Darby Auto Connexion to operate its first Ford dealership.
ComfortDelGro makes three strategic investments in transport tech start-ups
ComfortDelGro said Tuesday it made investments in three transportation-related tech start-ups via its US$100 million corporate venture capital fund.
UPDATE: Singapore stocks to watch Thursday: CapitaLand, SIA, SATS, Creative, Ho Bee Land, JUMBO
These are Singapore companies which may be in focus on Thursday, 2 May 2019: CapitaLand, SIA, SATS, Creative Technology and JUMBO.
MeGroup obtains first Hyundai dealership
MeGroup said Tuesday it obtained rights to operate a Hyundai 3S automobile dealership in Klang, Selangor, from Hyundai-Sime Darby Motors.
UPDATE: Singapore stocks to watch Friday: Hyflux, Frasers Property, CapitaMall Trust
These are Singapore companies which may be in focus on Friday, 5 April 2019: Hyflux, Frasers Property, CapitaLand Mall Trust and Uni-Asia.
UPDATE: Singapore stocks to watch Wednesday: Keppel REIT, Singtel, DeClout, Addvalue Tech
These are Singapore companies which may be in focus on Wednesday, 3 April 2019: Keppel REIT, Singtel, DeClout and Addvalue Technologies.
MeGroup to buy additional 25 percent of Honda dealership operator MJN Motors
MeGroup said Wednesday it would buy an additional 25 percent of subsidiary MJN Motors, which owns and operates its Honda dealerships.
Keppel acquires stake in EV battery business for US$50 million
Keppel said on Monday it entered a deal with Envision AESC to invest US$50 million for a minority stake in lithium-ion battery company Envision AESC Group.
UPDATE: Singapore stocks to watch Tuesday: LMIR Trust, SATS, Wilmar, Hyflux, Accordia Golf
These are Singapore companies which may be in focus on Tuesday, 12 March 2019: SATS, Wilmar, Hyflux, Reclaims Global and Accordia Golf Trust.
MeGroup starts producing components for Johnson Controls Hitachi
MeGroup said Monday it started to produce NVH components in January for the air-conditioning industry as an approved supplier of Johnson Controls Hitachi.
UPDATE: China Kunda: Potential stake sale may trigger takeover bid
China Kunda Technology may see a takeover bid as a potential purchaser of its shares could end up with a more than 50 percent stake….
Singapore stocks to watch Tuesday: M1, Ascott Residence Trust, CDL Hospitality, Yoma
These are Singapore stocks which may be in focus on Tuesday, 28 January 2019: M1 Singapore telco M1 reported on Monday its fourth quarter net…
China Kunda Technology swings to loss for fiscal 3Q as plastics sales decline
China Kunda Technology reported on Monday it swung to a net loss of HK$286,000 (S$49,340) for its fiscal third quarter from a year-earlier net profit…
UPDATE: Singapore stocks to watch Monday: Singtel, Sunpower, Boustead Projects, CNMC Goldmine, Sembcorp
These are Singapore stocks which may be in focus on Monday, 24 December 2018: Singtel Optus Wholesale has extended its current mobile virtual network operator…
MeGroup: Obtains third Peugeot dealership in Malaysia
Malaysia-based auto dealership operator MeGroup said on Friday that it received a letter of award from the official distributor of Peugeot brand vehicles in Malaysia,…
UPDATE: Singapore stocks to watch Thursday: OUE Lippo Healthcare, China Environment, Jumbo, AHT
These are Singapore stocks which may be in focus on Thursday 13 December 2018: OUE Lippo Healthcare OUE Lippo Healthcare said on Wednesday that it…
MeGroup reports fiscal first half net profit dropped 64 percent on year-ago gain, lower margin
Malaysian auto dealership operator MeGroup reported on Wednesday that its fiscal first half net profit dropped 64 percent on-year to 2.7 million ringgit, despite a…
Hong Leong Asia raises stake in China Yuchai International
Hong Leong Asia said on Monday that its wholly owned subsidiary, Well Summit Investments, purchased 600,000 shares of New York Stock Exchange-listed China Yuchai International,…
Singapore stocks to watch Thursday: Ezion, Ascendas Hospitality Trust, ST Engineering
These are Singapore shares which may be in focus on Thursday 29 November 2018: Ezion Holdings Ezion Holdings said it wasn’t aware of any information…
UPDATE: Singapore stocks to watch Monday: DBS, Manulife US REIT, OCBC, Venture, Chip Eng Seng
These are the Singapore stocks which may be in focus on Monday 5 November 2018: DBS Singapore’s largest bank DBS said on Monday that its…
UPDATE: Singapore stocks to watch Thursday: M1, SIA, SATS, CapitaLand Malls Trust, OUE, Spackman
These are Singapore stocks which may be in focus on Thursday 25 October 2018: M1 Singapore telco M1 reported its third-quarter net profit fell 5.5…
Dyson to manufacture its electric cars in Singapore
Vacuum cleaner maker Dyson said on Tuesday it would build the first manufacturing facility for its planned electric cars in high-cost Singapore. Construction of the…
Auto dealer MeGroup files for Catalist IPO to raise around S$3.8 million
Malaysian auto dealer MeGroup filed on Monday for an initial public offering (IPO) on Singapore Exchange’s Catalist board, with plans to raise around S$3.8 million…
Update: Singapore stocks to watch Monday: Noble, China Kunda, Chip Eng Seng, City Developments, Blackgold
These are the Singapore stocks which may be in focus on Monday, 17 September 2018: Noble Noble’s senior creditors, represented by the ad hoc group,…
Singapore stocks to watch Friday: Ho Bee Land, Lian Beng, CapitaLand, Spackman, CH Offshore
These are the Singapore stocks likely in focus on Friday, 24 August 2018: Ho Bee Land Singapore property developer Ho Bee Land said on Thursday…
Singapore stocks to watch Friday: Yangzijiang, AddValue, Keppel, Tee Land, Koh Brothers
These are the Singapore stocks to watch on Friday 29 June 2018: Yangzijiang Shipbuilding Yangzijiang Shipbuilding said it bought back 2 million shares in the…
Singapore stocks to watch Tuesday: Keppel, StarHub, Roxy-Pacific, Sembcorp, China Kunda
These are the Singapore stocks likely in focus on Tuesday 26 June 2018: Keppel Corp. Keppel Corp. said that its subsidiaries entered a deal to…
BYD downgraded to Reduce from Buy by Nomura on earnings headwinds
Nomura downgraded BYD to Reduce from Buy, pointing to a “growing disconnection” between electric vehicle (EV) volume growth and profit amid stiffer competition and “thriftier”…
Grab and Toyota are ‘forming alliance of strength in Southeast Asia,’ Nomura says
Toyota’s $1 billion investment in Southeast Asia’s largest ride-hailing company Grab is a move to form “an alliance of strength” by boosting their collaboration in…
Tesla target hiked by Nomura after turning more positive on Model 3 margins
Nomura hiked its Tesla target price to US$450 from US$420 after turning more positive on Model 3 gross margins after a company meeting and the…
Ex-RBI chief Rajan: This is why the US trade war hasn’t sent markets tumbling
The Trump administration keeps upping the ante on its trade war threats, but markets haven’t reacted much. Raghuram Rajan, who was India’s central bank chief…
Is this the best auto pick as US protectionism targets car makers?
U.S. protectionism may upend the global auto industry, and Suzuki Motor may be the best sector pick to avoid the Trump administration drama, according to…