Posts by Mark Darwin
Singtel jumps 3.6% on S$0.10 per share dividend, S$2 billion share buyback plan
Company’s shares hit their highest price in more than 5 years as telco returns to the black with S$2.8 billion H2 net profit [SINGAPORE] Shares of Singtel rose on Thursday (May 22) morning after the telco giant announced a final dividend of S$0.10 per share and initiated its first share buyback programme of up to…
Read MoreSingtel jumps 2.6% on S$0.10 per share dividend, S$2 billion share buyback plan
Singtel has returned to the black with S$2.8 billion net profit for its second half [SINGAPORE] Shares of Singtel rose on Thursday (May 22) morning after the telco giant announced a final dividend of S$0.10 per share and initiated its first share buyback programme of up to S$2 billion. As at 9.12 am, the counter…
Read MoreChinese firms go on fundraising spree amid rush of easy money
[HONG KONG] Chinese companies are seizing on a window of opportunity to raise capital as global investors pour money into Asian assets in search of alternatives to the US. The surge in inflows created by the waning of US exceptionalism and the Beijing-Washington trade truce has fuelled one of the most active fundraising booms the…
Read MoreStocks to watch: Singtel, CapitaLand Ascott Trust
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (May 22). Singtel: The telco giant returned to the black with a net profit of S$2.8 billion for its second half ended March, compared with a net loss of S$1.3 billion for the previous corresponding period. This translates to…
Read MoreZoom lifts annual forecasts on robust demand amid AI push
Published Thu, May 22, 2025 · 07:13 AM ZOOM Communications raised its annual revenue forecast on Wednesday, benefiting from hybrid work trends and the integration of artificial intelligence into its products. The integration of AI into its tools and expansion of its range of services has helped Zoom. It added agentic AI Companion capabilities and…
Read MoreApple design legend Jony Ive joins OpenAI
[SAN FRANCISCO] The legendary designer behind Apple’s iPhone, Jony Ive, has joined OpenAI to create devices tailored for using generative artificial intelligence, according to a video posted Wednesday by the ChatGPT maker. Ive and his team will take over design at OpenAI as part of an acquisition of his startup named “IO” valued at US$6.5…
Read MoreEurope: Stocks ease from two-month highs as retailers, luxury stocks weigh
EUROPEAN stocks were little changed on Wednesday as gains in broader stocks outweighed declines in luxury and retail stocks, while investors monitored a tax cut bill in the United States. The pan-European Stoxx 600 closed slightly lower at 553.82, with retail stocks weighing heavily on the market. London’s JD Sports fell 10.6 per cent to the bottom…
Read MoreLVMH said to warn of continued luxury weakness on China woes
[PARIS] LVMH is warning investors and analysts that demand remains soft after the luxury conglomerate missed revenue estimates for the first three months of the year, sources familiar with the matter said. With a view to managing expectations, LVMH Moet Hennessy Louis Vuitton is putting out cautious signals on second-quarter trends amid lacklustre consumer confidence,…
Read MoreBloomberg terminal back up after outage affects European bond sales
The UK government debt sale has now gone ahead, although the auction deadline was delayed Published Wed, May 21, 2025 · 05:57 PM — Updated Wed, May 21, 2025 · 07:10 PM [LONDON] News and data company Bloomberg said its systems were returning to normal on Wednesday (May 21) after a brief disruption earlier in…
Read MoreShould SingPost divest its headquarters building?
[SINGAPORE] The share price of Singapore Post (SingPost) said it all about investors’ attitude towards the national postal service provider’s latest set of financial results. The share price tanked 12 per cent on May 15 despite SingPost proposing a dividend of S$0.09 a share for FY2025 ended March, with the payout from the gain from…
Read More