Singapore Airlines Reports Narrower Loss in FY 2022
Singapore Airlines (SIA) reported a loss of S$962mn for the financial year ending 2022, as compared to a loss of S$4.27bn in the previous year. Its revenues doubled to S$7.62bn over the course of the year. An ease of travel restrictions helped boost passenger traffic...
CapitaLand Investment Revenues up 16%
CapitaLand Investment (CLI) reported a 16% YoY growth in revenue to S$598mn (429mn) for Q1 2022, driven by strong growth in fee-related earnings (FRE) from its fund and lodging management businesses. FRE for the fund management business increased 28% to S$132mn...
Azalea Launches Astrea 7 PE-backed Bonds at Indicative $755mn Size
Temasek’s indirect subsidiary Azalea has launched an Astrea 7 bond backed by 38 Private Equity (PE) funds. The size of the transaction is about $755mn or S$1.05bn, ~39.6% of its underlying PE portfolio valued at $1.9bn. The issuance is expected to have three...
DBS and UOB Report 10% Profit Drop in Q1
DBS reported a 10% YoY fall in Q1 2022 net profits to S$1.8bn. DBS said that higher base effects for wealth management and treasury markets activities last year was one of the reasons for the dip in profits. Total income fell 3% YoY to S$3.75bn, of which, net interest...
