Potential sale of car dealership may fetch US$350 mil for Jardine C&C; DBS maintains 'buy' and $39 target price
The Edge Singapore - Elizabelle Pang of DBS Group Research has kept her "buy" call and $39.00 target price for Jardine Cycle & Carriage after news that it is exploring a sale of its Singapore and Malaysia car dealership business operated under the Cycle & Carriage brand. This divestment is apparently i ...
Geo Energy gets term sheet for infrastructure unit at US$1.5 billion valuation
Shikhar Gupta - Swiss-based private commodities investment company Resource Invest will invest in Marga Bara Jaya
UOBKH ‘Alpha Picks’ outperform STI in April; Oiltek in for May, Singtel out
Shikhar Gupta - The Singapore portfolio is up 5.2% month on month while the STI gains 0.6%
China green tech firms target new consumers hit by Iran war energy shock
Disruption to markets in the Middle East is seen weighing on some exports, even if the broader trend is positive
DBS bets on AI, value stocks with STI set for choppy recovery
Shikhar Gupta - Forecast hinges on a base-case scenario where US-Iran talks yield a deal in Q2 and Strait of Hormuz opens by June
Gold falls as Trump’s rejection of Iran proposal fans US inflation fears
Trump labelled Iran’s latest response as ‘totally unacceptable’
Gold falls as Trump’s rejection of Iran proposal to end war fans US inflation fears
Trump labelled Iran’s latest response as ‘totally unacceptable’
Oil jumps as US and Iran disagree on peace proposal
Hopes of an imminent end to the Iran war that would allow oil transit through the Strait of Hormuz were dashed after the US and Iran failed to agree to a peace proposal.
Switzerland's ResInvest to invest in Geo Energy's infrastructure unit at US$1.5 bil valuation
The Edge Singapore - ResInvest of Switzerland will invest in the infrastructure subsidiary of coal miner Geo Energy Resources at a valuation of US$1.5 billion. The subsidiary, PT Marga Bara Jaya, or MBJ, is almost finishing the construction of a 92km hauling road and jetty that can move 50 million tonnes per annum at fu ...
Concord New Energy seeks to ride AI power boom after bruising year in China
Sharanya Pillai - The company is also evaluating a Reit issuance, with Singapore as a potential market
These stocks rerated after strategic moves. Can they inspire others to do the same?
Jude Chan - Firms that have done so show proactive management works, giving hope that others, too, can chart a path to better valuations
Power of payouts: A big chunk of the STI has just gone ex-dividend. What’s next?
Ben Paul - The big question is whether the core businesses of the STI’s constituents can support its next leg up as the impact of...
Balancing affordability and security: Sustainability Impact Dialogue to discuss pressing energy issues
Lee U-Wen - The May 18 event will explore if the current environment will accelerate the green transition or reinforce the reliance on fossil fuels
USD/JPY pullback remains corrective as intervention risk persists above 160
THE US dollar-Japanese yen currency pair, commonly known as USD/JPY, is one of the most actively traded foreign exchange pairs globally. The...
Foreign money fuels Thai stock rally as SET chief vows governance reset
The exchange is also looking to introduce new investment products to broaden market participation
UK, France to host multinational meeting on mission to escort ships through Strait of Hormuz
Iran has effectively shut the waterway after war erupted with US-Israel strikes on Feb 28
Momentum-obsessed traders seek clues on Iran truce
Barclays strategists say the trade has reached extremes that historically foreshadowed sell-offs
Exclusive-Cerebras to raise IPO price range to $150-$160 as demand surges, sources say
May 10 : Cerebras Systems is set to raise the size and price of its initial public offering as soon as Monday, as demand for the artificial intelligence chipmaker's shares continues to climb, two people familiar with the matter told Reuters on Sunday.The company is considering a new IPO price r ...
Trump rejects Iran’s response to US peace proposal as ‘unacceptable’; oil prices jump
Iran proposed diluting some of its uranium and transferring the remainder to a third country: report
Trump calls Iran’s response to US peace proposal ‘unacceptable’; oil prices jump
Iran proposed diluting some of its uranium and transferring the remainder to a third country: report
Trump calls Iran’s response to US peace proposal ‘unacceptable’
Iran proposed diluting some of its uranium and transferring the remainder to a third country: report
Microsoft’s African data center falters on payment demands, Bloomberg News reports
May 10 : A Microsoft data center site in East Africa has been delayed by disagreements with the Kenyan government over the company’s request for guaranteed payments, Bloomberg News reported on Sunday citing people familiar with the matter.In May 2024, Microsoft partnered with UAE-based AI firm G42 ...
Salt Investments raised $4.8 mil from investors including Lion Global, Ginko-AGT
The Edge Singapore - Salt Investments has raised some $4.8 million placing out new shares at 0.275 cent to investors including Ginko-AGT Global Growth Fund, Lion Global Investors and Value Partners Hong Kong, as well as certain unnamed individuals. Salt Investments plans to tap this additional capital to speed up its tr ...
Jumbo H1 profit falls 22.3% to S$6.2m on higher operating costs; revenue up 7.9%
Deon Loke - An interim dividend of S$0.005 per share was declared for the half-year
Riverstone Q1 profit falls 27.1% to RM41.1 million on a stronger ringgit
Deon Loke - Revenue for the first quarter is down 15.1% at RM214.3 million despite steady sales volumes
Young leaders must venture abroad to play a global role: Jabil’s May Yap
Elysia Tan - Singapore is a global economy, so those who want to be at the helm should experience the world firsthand, says the manufacturing...
Capital Group emerges as substantial Singtel shareholder after raising stake at average of $4.67 each
The Edge Singapore - US asset manager Capital Group has emerged as a substantial shareholder of Singapore Telecommunications, after it bought more shares from the open market. In a May 8 filing, Singtel says that Capital Group had on May 6 bought 19,314,800 shares at an average of $4.67 per share, a level that is around ...
Not retirement, but a rewiring and fresh perspectives post-DBS, says Piyush Gupta
Lee Su Shyan - The ex-banker travels, sits on boards and works on causes close to his heart. He also keeps up with birdwatching
Saudi Aramco’s Q1 profit up 26% after Iran war-driven oil price rise
A key pipeline that connects its oil fields in the east to Yanbu port ‘has proven itself to be a critical supply...
AI drives markets as valuations race ahead of earnings
Is this a legitimate re-rating of the technology sector, or an overstretched bubble?
Iran war is draining world’s oil buffer at an unprecedented pace
THE WORLD has burned through oil inventories at a record speed as the Iran war throttles flows from the Persian Gulf, eating...
S-Reit acquisitions pick up with improved financing
[SINGAPORE] Acquisition activity among Singapore Reits (S-Reits) has picked up this year, signalling a measured return to growth as financing conditions stabilise.
S-Reit acquisitions regain momentum as capital reopens
[SINGAPORE] Acquisition activity among Singapore Reits (S-Reits) has picked up this year, signalling a measured return to growth as financing conditions stabilise.
Buybacks, director transactions and stake realignments
[SINGAPORE] Over the four sessions through to the May 7 close, 16 primary-listed companies conducted buybacks with a total consideration of S$16.1...
