Dai Yung Huei, the largest shareholder of Asian Pay TV Trust (APPT), has seen his stake in the business trust rise via a series of open market purchases since late last year. The most recent acquisitions were made on Jan 18 when Araedis Investment, which Dai and his wife Wang Hsueh-Mei controls, acq...

Sidney Chew Choon Tee, managing director of chemicals distributor Megachem, on Sept 3 acquired 35,000 shares of the company for 42 cents each. With the purchase, Chew raised his direct stake to around 46.8 million or 35.093%, from 35.067% previously. In addition, Chew’s wife, Liau Bin Bin, holds h...

AS the United States comes to grips with the climate crisis, fossil fuels will slowly recede from being primary sources of energy. That's the good news. But the bad news is that the petrochemical industry is counting on greatly increasing the production of plastics and toxic chemicals m...

Royal Dutch Shell announced late last year it would slash capacity by half at its biggest oil refinery. For Singapore, where the plant has been a mainstay of the economy for six decades, it marked a turning point in one of the most successful bets on fossil fuels in history. The plant on Bukom Islan...

KGI Research analyst Chen Guangzhi has kept “outperform” on Sunpower Group with a higher target price of $1.53 from $1.45 previously. The new target price is based on the discounted cash flows from Sunpower’s individual projects, as well as the special dividend of RMB1.1627 (23.59 cents) per s...

Uploaded By:  Paul Howell Submitted By:  Paul Howell Case Study:  No The company has bounced bac...

Sinostar PEC Holdings, which produces and supplies downstream petrochemical holdings within the Shandong Dongming Petrochemical Industrial Zone, announced earnings of RMB59.3 million ($12.2 million) for the 1QFY2021 ended March, 7,307.9% higher than earnings of RMB0.8 million in the year before. The...

FOR the five trading sessions that spanned April 9 to 15, the Straits Times Index (STI) declined 0.1 per cent while the Nikkei 225 Index, Hang Seng Index and S&P/ASX 200 Index averaged a 0.2 per cent gain. This has brought the STI's total return for the 2021 year to April 15 to 12.6 per cent. Shar...

Swiss pharmaceutical company Lonza has, on Feb 9, signed an agreement with private equity bidders Bain Capital and Cinven to divest its Specialty Ingredients business and operations for an enterprise value of CHF4.2 billion ($6.22 billion). Lonza’s Specialty Ingredients business is a leading provi...

Sunpower Group has secured two manufacturing and services (M&S) contracts worth RMB390 million ($80.5 million) on Feb 5. The contracts were signed with one of the group’s existing customers in the chemical industry.AdChoicesADVERTISING Under the contracts, Sunpower will supply condensers and r...