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Rally in domestic stocks
LONDON: As London’s shops and pub gardens reopen for the first weekend in three months, funds targeting smaller UK companies are among the best performers in Europe thanks to a rally in domestic stocks that benefit from Britain’s vaccine rollout success.
Tech retakes market lead
NEW YORK: United States technology and growth stocks have taken the market’s reins in recent weeks, pausing a rotation into value shares as investors assess the trajectory of bond yields and upcoming earnings reports.
Grab considering secondary S’pore listing
Sources say this to come after US SPAC merger
Grab mulling secondary Singapore listing after SPAC merger: sources
SINGAPORE (Reuters): Grab Holdings, Southeast Asia's ride-hailing to delivery giant, is considering a secondary listing in its home market of Singapore after completing a Nasdaq listing via a US$40 billion SPAC merger, three sources familiar with the matter said.
Grab considering secondary Singapore listing after US SPAC merger - sources
SINGAPORE: Grab Holdings, Southeast Asia's ride-hailing to delivery giant, is considering a secondary listing in its home market of Singapore after completing a Nasdaq listing via a $40 billion SPAC merger, three sources familiar with the matter said.
Exclusive: Grab mulling secondary Singapore listing after SPAC merger - sources
SINGAPORE (Reuters) - Grab Holdings, Southeast Asia's ride-hailing to delivery giant, is considering a secondary listing in its home market of Singapore after completing a Nasdaq listing via a $40 billion SPAC merger, three sources familiar with the matter said. Listing on Singapore Exchange would enable Grab to have an investor base close to where its regional business is based, the people said, potentially offering its customers, drivers and merchant partners easier access to trade its shares. Grab, a household name across Southeast Asia, is in the early stages of considering a secondary listing in the city-state, said the sources, who declined to be identified as they were not authorised to speak about the matter.
World stocks near record highs as China, U.S. data back global recovery hopes
TOKYO: Global stocks stood near record highs on Friday after strong U.S. and Chinese economic data cemented expectations of a solid global recovery from the coronavirus-induced slump.
LPI Capital posts improved first-quarter net profit of RM82.31mil
PETALING JAYA: LPI Capital Bhd has recorded earnings of RM82.31mil in the first quarter ended March 31,2021 (Q1), an improvement of 5.6% over RM77.92mil in the same quarter last year on the back of an increase in dividend income from equity investment.
LPI posts improved 1Q net profit of RM82.31mil
KUALA LUMPUR: LPI Capital Bhd recorded net earnings of RM82.31mil in the first quarter ended March 31, 2021, 5.6% improved over RM77.92mil in the same quarter last year on the back of an increase in dividend income from equity investment.
