2 days ago
Taiwan semiconductor firm Kyec pumps S$100 million into new Singapore plant, creating over 300 jobs
Koh Kim Xuan - The project is aimed at serving the ‘growing demand for automotive, high-performance AI products’
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
2 days ago
What Kwek Leng Peck’s return could mean for CDL
Teo Zheng Long - City Developments (CDL) (SGX: C09 ) has once again made headlines this week, though this round of attention appears notably more positive in tone. On May 18, in an unexpected move, CDL announced that the long-time director, Kwek Leng Peck, will return as a non-independent non-executive director and ...
2 days ago
Is Singtel keen on M1? It does not really matter
The Edge Singapore - For the last couple of years, the local telecommunications industry has been under strain from intensive competition, pulling down margins as incumbents were forced to match challengers in offering low-price packages. Things were thought to have finally moved along with Keppel selling its subsidiary ...
2 days ago
AMD ramping up Taiwan capacity as global CPU market tightens
CPUs have taken centre stage as companies and businesses gravitate towards agentic AI
2 days ago
Airspace bans, Iran war, rising fuel costs: Air India CEO says successor will have ‘hands full’
Campbell Wilson said it was always clear that he would hold a four-year term, but would take steps to help his successor
2 days ago
Elite UK REIT maps out growth path via diversification into living sector
Teo Zheng Long - Three years ago, Elite UK REIT (SGX: MXNU ) was struggling financially when its aggregate leverage (gearing) hit a high of 47.5% as at Dec 31, 2023 against the regulatory ceiling of 50%. Today, however, the REIT has become more stable and financially sustainable under the guidance of Joshua Liaw, CE ...
2 days ago
Unearthing the business of Southern Alliance Mining
Lin Daoyi - Rare earth elements (REE) are actually not rare. But publicly listed companies involved in the mining and production of rare earth elements are rare. With more than 600 stocks listed on the Singapore Exchange, Southern Alliance Mining (SAM) is the only company offering investors the opportunity to a ...
2 days ago
Global fragmentation drives flows to Asean
Goola Warden - The first panel at the OCBC Securities Investment Forum, titled Investing with greater clarity in a fragmented world, comprised two of the local market’s most respected economists: Selina Ling, chief economist & head, Global Markets Research & Strategy, OCBC, and Manu Bhaskaran, CEO, Cente ...
2 days ago
Investing in a fragmented world
Goola Warden - In Investing with Greater Clarity in a Fragmented World, an OCBC Securities Investment Forum organised by The Edge Singapore and sponsored by OCBC, Manu Bhaskaran, CEO, Centennial Asia Advisors, kicked off the forum with a presentation titled Geopolitics and Megatrends: A New Asset Pricing Regime. I ...
2 days ago
Lenovo shares near all-time high after strong AI growth
For the fiscal year ended March, the PC maker reports profit up 38% while it grows revenue by 20%
2 days ago
Asia’s gold rush fuelled by wealth flows: OCBC
Lin Daoyi - Robust demand for gold in Asia has been fuelled by rising wealth in the region, says Jimmy Poh, OCBC’s managing director of asset allocation, risk strategy and XVA in global markets. “Asia is still seeing robust demand in gold in contrast to Western markets where demand has stabilised and even d ...
2 days ago
How tokenisation is redrawing market access
Nurdianah Md Nur - One of finance’s most stubborn problems comes down to access: who gets through the door in the first place, and why so little has changed. Retail investors have long been shut out of some of the most reliable sources of returns in finance. Trade finance, private credit, and institutional fixed inc ...
2 days ago
From idle shares to lending income
Nurdianah Md Nur - Retail investors may soon find that some of the shares sitting untouched in their brokerage accounts are worth more to the market than they realised. Securities lending is a long-standing part of institutional finance in which shares are temporarily loaned to banks, broker-dealers and other market p ...
2 days ago
Game-changing EQDP makes Singapore stocks ‘exciting’ amid global volatility, says OCBC
The Edge Singapore - Markets are volatile, with stormy rain alternating with sunny blue skies. Just four months ago, global markets started on a “very weak” note. The US shocked the entire Americas and beyond with the invasion of Venezuela, which was followed by the attacks on Iran. As a result, markets suffered a h ...
2 days ago
Fuxing CEO Hong: Margin discipline matters more than revenue
Julian Wong - On many pieces of clothing, and likely every bag you own, there is a zipper. Somewhere along the chain of suppliers that brought this unassuming but essential part to market, there is a good chance that it is from a factory in Jinjiang, Fujian. Fuxing China Group has been making zippers since 1992 a ...
2 days ago
Markets fail to price nature: Menon
Lin Daoyi - Most of nature’s value is not priced, reflecting a “foundational” market failure, says Ravi Menon, Singapore’s climate action ambassador. Menon was formerly the managing director of the Monetary Authority of Singapore from 2011 to 2023. Speaking at the Nature means business: Opportunities in ...
2 days ago
Trump-Xi meeting ‘long on symbolism, short on substance’: Asia Group
Kwan Wei Kevin Tan - The summit between US President Donald Trump and Chinese President Xi Jinping on May 14-15 concluded with considerable fanfare, but produced limited publicly available detail. “This summit was long on symbolism, short on substance,” says Evan Medeiros, senior advisor at The Asia Group, during a ...
2 days ago
US-China summit leaves Asia just a little better off
Manu Bhaskaran - The relationship between China and the US, the world’s two superpowers, is the most consequential bilateral relationship in the world. So, the very fact that Chinese President Xi Jinping hosted US President Donald Trump in Beijing for the first full-fledged summit meeting between the two countries ...
2 days ago
Philippine central bank governor says it is considering off-cycle rate hike
Spiralling fuel costs have raised concerns that pump prices could trigger hikes in other consumer goods
2 days ago
Captii: Bargain bin or value trap?
Frankie Ho - Not many companies on the Singapore Exchange have cash in the bank that’s worth more than their market cap. Mainboard-listed Captii, a technology investment holding company, had $12.7 million in cash, excluding restricted deposits, and no bank borrowings as at March 31, 2026. Its market value? Rou ...
2 days ago
Can JustCo bury the ghost of WeWork?
Nirgunan Tiruchelvam - The dark shadow of a six-foot-five giant looms large over Singapore’s hottest IPO. JustCo is a Singapore-headquartered flexible workspace operator. It is about to list on the Singapore Exchange with a market cap of $460 million, which would value it at 11 times FY2025 EV/Ebitda. The IPO proceeds w ...
2 days ago
Trials and tribulations of the Chinese banquet table
Daryl Guppy - While many issues of international significance emerged from the meeting between Presidents Xi Jinping and Donald Trump, some observations are directly applicable to our much smaller business engagement with China and its formalities. Depending on your perspective, an official banquet is either a tr ...
2 days ago
North Carolina sues Vietnam’s VinFast over delayed EV project
The EV maker initially targeted to have the factory up and running by Jul 1 this year
2 days ago
Serial Achieva: From traditional IT distribution to technology infrastructure and solutions
Emelia Tan - Serial Achieva, together with its subsidiaries, is a distributor of consumer and enterprise IT products and computer peripherals. The company serves a multitude of business partners with a portfolio of a broad range of IT products from top international brands such as AMD, Intel, ViewSonic and Gigab ...
2 days ago
In 3 GIFs: How the war has changed tanker traffic through Hormuz, Malacca straits
David Li Zuowei - Only a handful supertankers exits the Gulf this month
2 days ago
In 3 GIFs: How the Iran war has changed tanker traffic through Hormuz, Malacca straits
David Li Zuowei - Only a handful of supertankers exited the Gulf in May
2 days ago
Scoring the largest companies outside the Straits Times Index
Thiveyen Kathirrasan - When a stock gets too much attention, the likelihood that its valuation is skewed increases. An example of this is stocks in major indices with the highest trading liquidity, investor interest and fund participation. If too many retail investors are involved, the price it trades at would likely not ...
2 days ago
DeepSeek founder declares artificial general intelligence goal as 70 billion yuan funding round advances
The state vehicle’s involvement underscores the importance that Beijing is attaching to the startup
2 days ago
RHB’s small-cap jewels shine on growth, tech and structural domestic growth
Felicia Tan - While RHB Singapore’s 20 selected small- and mid-cap stocks for 2025 outperformed the overall market massively, Shekhar Jaiswal, the bank’s head of research, believes this performance may not repeat itself in 2026. “Looking back at 2025’s Singapore edition, we were fortunate. We have had a v ...
2 days ago
Hengli, China’s silk-to-petrochemicals empire, faces the chill of US sanctions
The company’s main offshore unit is set to shut this month
2 days ago
SIA Engineering to feel impact from higher costs; analysts lower target prices
The Edge Singapore - SIA Engineering (SIAEC) has reported higher earnings for FY2026. While analysts remain bullish on this counter with their respective “buy” or equivalent calls, they have also trimmed their target prices to reflect a potential near-term slowdown amid fighting in the Middle East. “We think SIAEC ...
2 days ago
Analysts mixed on Keppel as CEO says he will divest property and rigs to offset M1
The Edge Singapore - In August last year, Keppel announced its proposed $1 billion cash sale of M1 to Simba. However, on May 18, the IMDA announced it had suspended the review of Keppel’s planned sale of M1 to Simba. “Given IMDA’s decision, the proposed divestment of our stake in the M1 telco business will be remo ...
2 days ago
Maybank upgrades Thai Beverage on attractive valuations and cyclical recovery
The Edge Singapore - Citing signs of a cyclical recovery, Hussaini Saifee of Maybank Securities has become more bullish on Thai Beverage following the alcohol giant’s 2QFY2026 results, upgrading the call from “hold” to “buy”. He observes that spirits revenue was up 1.3% y-o-y and net profit up 6.4% despite cau ...
2 days ago
Ban on land sales, new launches for developers that deliver ‘defect-ridden’ projects
Ry-Anne Lim - The new measures aim to strengthen homebuyer protection and deter ‘severe errant developer behaviour’