Meituan (HKG:3690) has an average rating of overweight and mean price target of HK$109.46, according to analysts polled by FactSet.
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DITO CME (PSE:DITO) unit DITO Telecommunity is planning to invest in artificial intelligence (AI) to enhance the efficiency of its operations as it expands, BusinessWorld reported Tuesday.In particular, unit DITO Telecommunity will use AI for data mining and processing, the report said citing the firm's president, Donald Patrick L. Lim.The move comes to tackle increasing capital needs as the unit expands its network.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Osaka's condominium rents climbed by just over 3% in the half year to April, growing at the fastest rate among major cities in the world and outpacing New York, Nikkei Asia reported on Tuesday, citing a Japan Real Estate Institute (JREI) poll.Rent for condominiums in Japan's third-largest city grew at 3.1% over the six-month period, according to the survey, said the news agency.The next largest increases in the rent index were seen in Mumbai and Sydney, both at 2.8%, while rents rose by 2.4% in New York, 1.4% in Tokyo and 1.2% in London, the publication said.The poll compiles rents and purchase prices for condominiums and offices in April and October each year, covering 16 major cities across Asia, Europe and the US, with rents calculated based on the cost of a new lease in three sample locations per city, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Singapore shares surged more than 1% at the close of trading on Tuesday, tracking broader regional gains, as investor sentiment received a boost from hopes of the US and Iran reaching a peace deal despite recent skirmishes.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,027.30 and 5,097.42 throughout the day. It ended the session at 5,097.42, up 59.56 points or 1.2% compared to Friday's close.On the corporate front, Salt Investments' (SGX:FQ7) shares surged over 33% at the close as its attributable loss to equity holders widened 136% to SG$12.6 million in the fiscal second half ended March 31 from SG$5.3 million a year earlier.