During such times, you should take a step back and assess the business before putting money in it.What used to be an attractive business model may not be so any longer.
The group also owns around 65% in SPH REIT , a retail REIT that owns three properties in Singapore and majority stakes in two Australian shopping centres. However, in a COVID-19 business update released last month, the media giant reported a 40% year on year rise in the rate of subscription for the Straits Times.
The IR has six hotels with 1,600 rooms, a casino, shopping malls and lifestyle and entertainment outlets.In a quarterly business review released last month, the group announced that revenue fell by 36% year on year in the first quarter of 2020. The group remains pessimistic on the outlook for the rest of 2020 but will continue to gun for the Japan IR opportunity in Yokohama City.
Demand for the group’s products grew as household consumption increased due to movement control measures and lockdowns.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks to watch: SIA, SGX, AMTD International, Starhill Global Reit, UOITHE following companies saw new developments that may affect trading of their securities on Friday: Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Asia, Euro stocks and US futures slump on Fed caution, virus fearsSTOCKS in Europe and Asia tumbled with US equity futures on Thursday as fears of a second wave of the virus and a cautious outlook from the Federal Reserve clouded hopes for a speedy economic recovery. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Hong Kong: Stocks plunge more than 2% at open[HONG KONG] Hong Kong stocks plunged in the first few minutes of trade on Friday morning following a huge sell-off on Wall Street fuelled by worries about the economic recovery from lockdowns and on concerns about a second wave of infections in parts of the United States. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
US: Stocks open sharply lower amid worries over economy, virus[NEW YORK] Wall Street stocks opened sharply lower Thursday after another spike in US jobless claims amid worries over rising coronavirus cases in some states that have reopened their economies. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Wall Street stocks tumble on revived coronavirus fearsNEW YORK: Wall Street stocks tumbled on Thursday (Jun 11) as revived worries about the coronavirus and about excessive equity prices produced the ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »