Posts by Mark Darwin
Genting Singapore shares are undervalued despite drop in earnings, Morningstar says
[SINGAPORE] Genting Singapore’s shares are undervalued despite its recent weak earnings, says Morningstar. Morningstar’s senior equity analyst, Jennifer Song, has a fair value estimate of S$0.96 for Genting Singapore shares. The stock last closed at S$0.715 on Thursday (May 15). As at 10.04 am on Friday, it was up 0.7 per cent or S$0.005 at…
Read MoreHPL surges 5%; SGX RegCo requests explanation
[SINGAPORE] Shares of Hotel Properties Ltd (HPL) climbed as high 5.3 per cent in morning trading on Friday (May 16), prompting queries from Singapore Exchange Regulation (SGX RegCo) for the company to explain the surge. The hospitality company, whose founder Ong Beng Seng has been embroiled in legal and health troubles in recent years, saw…
Read MoreOng Beng Seng’s HPL jumps almost 10% in heavy trading; company says unaware of reason for spike
[SINGAPORE] Shares of Hotel Properties Ltd (HPL) jumped almost 10 per cent in active trading on Friday (May 16) morning, prompting queries from Singapore Exchange Regulation (SGX RegCo). At about 11.30 am, the counter was up 9.2 per cent at S$4.72 with over 350,000 shares traded, an unusual volume for the tightly held property and…
Read MoreOssia surges more than 40% following privatisation offer from controlling shareholders
The offerors say the company faces a challenging environment in Singapore and abroad [SINGAPORE] Shares of Ossia jumped more than 40 per cent on Friday (May 16), after group executive chairman Goh Ching Wah, chief executive Goh Ching Huat and non-executive director Goh Ching Lai made an unconditional offer on Thursday to take the group…
Read MoreCost to ship goods from China jumps as tariff truce spurs demand
The cost for a 40-foot container from Shanghai to Los Angeles has jumped 15.6 per cent from the prior week to US$3,136, the biggest gain in percentage terms since December Published Fri, May 16, 2025 · 07:51 AM [LONDON] Spot container rates to ship goods to the US from China jumped by the most this…
Read MoreGeely appoints Zeekr head as new group CEO in shakeup
[HONG KONG] Billionaire Li Shufu is shaking up his sprawling Geely auto empire, lining up a new chief executive weeks after a shock move to take its US-listed premium electric car brand Zeekr private. Andy An, Zeekr’s CEO, will also head parent Zhejiang Geely Holding Group after the subsidiary’s privatisation by Geely Automobile Holdings is…
Read MoreEurope: Stoxx 600 recovers declines; defence stocks gain after Russia-Ukraine meet
EUROPEAN shares reversed early declines to close higher on Thursday, with industrial stocks getting the biggest boost, while corporate earnings remained in the spotlight. The continent-wide Stoxx 600 index closed 0.56 per cent higher at 546.95. Most major regional indexes were higher, with Germany’s up 0.7 per cent. Russian President Vladimir Putin spurned a challenge to…
Read MoreAmara loses free float, trading to be suspended
[SINGAPORE] The mandatory cash offer for hotel group Amara by a consortium led by property company Hwa Hong has turned unconditional. As at 6 pm on Thursday (May 15), the total number of shares owned, controlled or agreed to be acquired by the offeror together with valid acceptances of the offer amounted to 522,529,331 shares,…
Read MoreUS: Wall St opens lower as trade truce rally fades
Published Thu, May 15, 2025 · 09:46 PM [WASHINGTON] Wall Street’s main indexes opened lower on Thursday (May 15) as euphoria from the US-China tariff truce waned, while UnitedHealth’s stock was pressured following a report that the DOJ was investigating the health insurer for fraud. The Dow Jones Industrial Average fell 273.1 points, or 0.65…
Read MoreJapan’s megabanks forecast more record profits despite tariff uncertainty
[TOKYO] Japan’s three largest banking groups posted record annual net profit in the last financial year, benefitting from increased corporate activity due to the end of deflation in Japan. The banks also expect to increase earnings this financial year – forecasting record profits once again – even though the economic outlook has been muddied by…
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