Let the Money Talk

Sea reported its first-ever profit, a milestone in the Southeast Asian gaming and e-commerce giant’s turnaround effort to convince investors of its money-making potential. The stock gained as much as 19% in US trading to its highest intraday level since August after the Singapore-based company said net income was US$426.8 million in the fourth quarter, helped by drastic cost reductions.

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The Daily Morning Note is a round-up of local and global business headlines that you need to know to get ahead of your day.

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Shares of Silvergate Capital fell 10%in early trading on Monday after the bank suspended its crypto payments network and expressed doubts over the viability of its business. The crypto-focused bank said late on Friday that it had made a “risk-based decision” to discontinue the Silvergate Exchange Network effective immediately.

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The Daily Morning Note is a round-up of local and global business headlines that you need to know to get ahead of your day.

This programme is brought to you by PYTCH Media, a creative studio powered by PhillipCapital — investing made simple and educational.

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Phillip Securities' Research Analyst, Ambrish Shah, will be covering Block Inc 4Q22 Results - Booming Cash App business.

4Q22 revenue meet our expectations but the net loss was worse than expected. Upgrade to ACCUMULATE from NEUTRAL.

Listen to this podcast to learn more about the latest corporate updates. Alternatively, visit www.stocksbnb.com for the full report.

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International tourist arrivals to Singapore rose in January to a new post-pandemic high, with over 930,000 visitors. The Singapore Tourism Board expects the nation to receive up to 14 million international visitors this year, more than double the 6.3 million recorded in 2022. This may bode well for domestic consumer, leisure and hospitality-related sectors such as the seven S-Reits listed in Singapore that have significant exposure to Singapore-based retail properties.

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The Daily Morning Note is a round-up of local and global business headlines that you need to know to get ahead of your day.

This programme is brought to you by PYTCH Media, a creative studio powered by PhillipCapital — investing made simple and educational.

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Listen to this podcast to learn more about the latest corporate updates. Alternatively, visit ⁠⁠www.stocksbnb.com⁠⁠ for the full report.

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Phillip Securities' Research Analyst, Glenn Thum, will be covering UOB 4Q2022 Results which are slightly below estimate. Maintain BUY recommendations.

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Phillip Securities' Research Analyst, Glenn Thum, will be covering OCBC 4Q2022 Results which are below estimate. Maintain BUY recommendations.

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Dell shares gained nearly 3% after its fourth-quarter earnings and revenue topped Wall Street’s estimates. The tech company’s adjusted earnings were $1.80 per share, higher than the consensus estimate of $1.63 from analysts polled by Refinitiv. 

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The Daily Morning Note is a round-up of local and global business headlines that you need to know to get ahead of your day.

This programme is brought to you by PYTCH Media, a creative studio powered by PhillipCapital — investing made simple and educational.

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Salesforce's shares soared 16% in extended trading on Wednesday after the cloud software maker beat Wall Street estimates on profit and issued a better-than-expected forecast. Salesforce’s revenue grew 14% year over year in the fiscal fourth quarter, which ended on Jan. 31, consistent with the previous quarter, according to a statement.

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The Daily Morning Note is a round-up of local and global business headlines that you need to know to get ahead of your day.

This programme is brought to you by PYTCH Media, a creative studio powered by PhillipCapital — investing made simple and educational.

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Skincare products firm Best World International reported early on Sunday a net profit of S$47.7 million for the fourth quarter ended Dec 31, 2022, down 7.1% from S$51.3 million in the previous corresponding period. No dividend was declared for the period under review. 

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The Daily Morning Note is a round-up of local and global business headlines that you need to know to get ahead of your day. 

This programme is brought to you by PYTCH Media, a creative studio powered by PhillipCapital — investing made simple and educational. 

Subscribe and follow PYTCH Media:

Also available on:

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