CGSI, DBS, maintain respective bullish target prices for Nam Cheong following latest RM102.5 mil charter contracts
The Edge Singapore - Ho Pei Hwa of DBS Group Research has kept her "buy" call and $1.60 target price on Nam Cheong after it won two charter contracts worth RM102.5 million, which enhances revenue visibility and recurring income for the company. The two vessels, leased by different customers, are to both suppor ...
DBS maintains 'buy' and $1.60 target price for Nam Cheong following latest RM102.5 mil charter contracts
The Edge Singapore - Ho Pei Hwa of DBS Group Research has kept her "buy" call and $1.60 target price on Nam Cheong after it won two charter contracts worth RM102.5 million, which enhances revenue visibility and recurring income for the company. The two vessels, leased by different customers, are to both suppor ...
SpaceX lays out IPO details, targets early June roadshow: sources
[NEW YORK] SpaceX outlined details of its highly anticipated IPO at a meeting with its team of bankers Monday night, telling them...
Thai energy company Banpu plans US$1.5 billion US power investment on data centre boom
The company has one business focusing strictly on coal, and a more general power operation that includes coal, gas and renewable energy
UOBKH's Mo raises Oiltek's target price to $2.78 following Sabah plant win
The Edge Singapore - Heidi Mo of UOB Kay Hian has raised her target price for Oiltek International to $1.05 from $2.78, after the company won a US$350 million deal to build a sustainable aviation fuel facility in Sabah, bringing its total order book to RM1.8 billion. The contract was given by Brunei's Bioseaga Indu ...
Brazilian government blacklists Chinese automaker BYD for labor violations
RIO DE JANEIRO, April 6 : Brazil's Labor Ministry has put Chinese automaker BYD on its registry of employers who have subjected workers to conditions similar to slavery, according to an official document seen by Reuters on Monday.The document shows the world's largest electric vehicle make ...
Brazil puts China's BYD on list of shame for workers' past slavery-like conditions
RIO DE JANEIRO: Brazil has put China's BYD on a registry of employers who have subjected workers to conditions similar to slavery, after a 2024 scandal in which Chinese workers were said to have been victims of human trafficking and abusive contracts.The list, published by Brazil's Labor M ...
Brazilian government blacklists Chinese automaker BYD for labour violations
RIO DE JANEIRO: Brazil's Labor Ministry has put Chinese automaker BYD on its registry of employers who have subjected workers to conditions similar to slavery, according to an official document seen by Reuters on Monday (Apr 6).The document shows the world's largest electric vehicle maker ...
Gold steadies as traders weigh Trump’s deadline to strike Iran
Now in its sixth week, the war has heightened the prospects that central banks will delay cutting interest rates or even hike...
DBS raises target price for Bumitama Agri to $2.30
The Edge Singapore - William Simadiputra of DBS Group Research has raised his target price for Bumitama Agri from $1.90 to $2.30, on expectations of better earnings this year from steady palm oil prices and a bigger production volume. In his April 7 note, Simadiputra, who has kept his "buy" call, points out th ...
India’s refiners delay maintenance to stabilise fuel supplies
The government has invoked emergency measures, directing refiners to maximise LPG output for safeguarding cooking fuel supplies for households
Keppel Infrastructure Trust appoints Khor Poh Hwa as new chairman
Deon Loke - He previously served as the trustee-manager’s first chairman from 2010 to 2015
Stocks to watch: SIA, Keppel Infrastructure Trust, Nam Cheong, Prime US Reit
Chloe Lim - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Apr 7):
Asian coal bonds beat peers as Iran war triggers energy rethink
A benchmark for coal prices in Asia is hovering near a 17-month high
Broadcom signs long-term deal to develop Google’s custom AI chips
Demand for custom chips has surged in recent years
OpenAI, Anthropic, Google unite to combat model copying in China
Trump administration officials have signalled their openness to fostering information sharing among AI companies to rein in adversarial distillation
Japan February household spending falls 1.8% year-on-year
TOKYO, April 7 : Japanese household spending in February fell 1.8 per cent from a year earlier, internal affairs ministry data showed on Tuesday, versus the median market forecast for a 0.7 per cent fall.On a seasonally adjusted, month-on-month basis, spending increased 1.5 per cent, less than an es ...
Samsung flags eightfold jump in quarterly profit as AI chip demand pumps prices
The company will release details of its first-quarter earnings on April 30
Samsung flags eight-fold jump in Q1 profit as AI chip demand drives up prices
[SEOUL] Samsung Electronics on Tuesday projected a record-high first-quarter operating profit from a year earlier, beating expectations as booming demand for artificial...
Air India CEO Campbell Wilson resigns amid losses and regulatory scrutiny: source
The airline has lost money since being bought by Tata Group in 2022
Air India CEO Campbell Wilson resigns: report
The airline has lost money since being bought by Tata in 2022
Air New Zealand hikes fares, cuts flights as fuel costs more than double on Iran war
AIR New Zealand said on Tuesday it would slash flights across May and June as well as hike fares, as the Iran...
Tikehau Capital doubles fundraising from Asia as demand for European private credit grows
Benjamin Cher - The French firm is also stepping up deployment in Asia and aims to deepen its presence here
Analysts split on Singapore’s banking sector outlook even as safe-haven status remains ‘intact’
Chloe Lim - The Middle East conflict and closure of the Strait of Hormuz continue to cloud the road ahead
Record low vacancy pushes Singapore office rents up in Q1, tilts market in landlords’ favour
Chong Xin Wei - Global uncertainty and rising business costs may temper near-term demand, but scarce supply keeps rents stable and Reits resilient
US crude oil futures rise over $1 as Trump sharpens rhetoric on Iran
BENGALURU, April 7 : U.S. crude futures rose more than $1 on Tuesday as U.S. President Donald Trump heightened his rhetoric against Iran, threatening stronger action if the country fails to reopen the critical Strait of Hormuz.U.S. West Texas Intermediate crude futures gained $1.12, or 1.1 per cent, ...
Trump’s shipping waiver does not boost oil flows within US; fuel exports soar
Ship owners earn more sending vessels on longer journeys from the US to Asia
Samsung flags eightfold jump in quarterly profit as AI chip demand stokes prices
SEOUL: Samsung Electronics on Tuesday (Apr 7) projected its first-quarter earnings would exceed its entire profit for last year, beating expectations as booming demand for artificial intelligence infrastructure caused supply bottlenecks and drove chip prices higher.The world's largest memory ch ...
Samsung flags eightfold jump in Q1 profit as AI chip demand drives up prices
SEOUL: Samsung Electronics on Tuesday (Apr 7) projected a record-high first-quarter profit, up more than eightfold from a year earlier and well above expectations as booming demand for artificial intelligence infrastructure caused supply bottlenecks and drove chip prices higher.The world's larg ...
Helium shortage yet to hit Singapore's semicon, healthcare sectors, but prolonged disruption may push costs up
Helium is used in advanced chip production and in MRI machines in hospitals.
OpenAI urges California, Delaware to investigate Musk's 'anti-competitive behavior’
April 6 : OpenAI urged the California and Delaware attorneys general to consider investigating Elon Musk and his associates' "improper and anti-competitive behavior", ahead of a trial between the two sides set to begin this month. Musk sued OpenAI, its CEO Sam Altman and others in 202 ...
Oil rises in choppy trade; US, Iran rhetoric heats up
[HOUSTON] Oil prices climbed in choppy trade on Monday, as the US and Iran ratcheted up their rhetoric even as the two countries are...
US stocks: Wall Street ends higher as investors parse US-Iran negotiations, threats
US STOCKS advanced on Monday as investors looked for signs of progress toward a US-Iran ceasefire deal and evaluated President Donald Trump’s progressively...
Wall St ends higher as investors parse US-Iran negotiations, threats
US stocks rose on hopes for a US‑Iran ceasefire as Iran rejected a temporary truce and US President Donald Trump ramped up threats
