1 Alibaba's third-quarter revenue beat analyst estimates after an online-sales boom and expansion into rural China offset a slowing economy. Sales rose 32 per cent to 34.5 billion yuan (S$7.4 billion), said Bloomberg.
2 SGX-listed Asia Enterprises expects to incur a loss for the fourth quarter ended Dec 31 and for the full year, due to depressed demand for steel products. However, it will recommend a final dividend.
3 Security firm Secura Group, which debuted yesterday, is the third firm to list on Catalist this year. The others are Eindec and GS Holdings.
Secura ended at 22.5 cents, below its IPO price of 25 cents.
4 Creative Technology reversed a US$9.2 million (S$13 million) loss to turn in a US$12 million profit for the quarter ended Dec 31, partly due to settlement proceeds from a lawsuit.
Revenue fell 15 per cent to US$26.5 million.
5 Neo Group's 55 per cent-owned unit Thong Siek Holdings is buying 22 Senoko Way for $15 million.
The new premises will be larger and have a cold room.