HSBC: Looking vulnerable
Because investors are likely to be disappointed: slower revenue growth, no share-buy back and dividend yield could go up (share price falls). JPMorgan Cazenove, a leading UK broker, downgraded HSBC to “underweight” from “neutral” with a 620p target on the back of the bank’s full-year results on Tuesday. Among the broker’s...
Race, Class and Belonging
Bilahari Kausikan In his latest salvo across the Causeway, Bilahari Kausikan has again mock the present government of Malaysia. In fact, he said that the current troubles between Singapore and Malaysia are a consequence of the crumbling coalition of Pakatan Harapan. [ Pakatan ‘falling apart’, fuelling Singapore-Malaysia...
Desmond Kuek could be right after all – remember how he was roundly criticised for blaming SMRT woes on cultural issues?
Tried as he might, SMRT CEO Desmond Kuek could not effectively tackle what he termed “deep-seated cultural issues,” which he attributed as the major cause for train disruptions. Kuek’s remarks were much maligned. People thought he was looking for an excuse for lapses and failures. The newly-appointed Inspector-General...
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