Posts by Mark Darwin
Gold prices bounce back from one-week low on dip buying
Published Thu, Apr 24, 2025 · 09:26 AM [BENGALURU] Gold rose on Thursday (Apr 24) as investors bought the dip after prices hit one-week lows in the previous session on US President Donald Trump’s reassurance about not firing Federal Reserve chair Jerome Powell and his remarks on China trade talks. Spot gold rose 1.1 per…
Read MoreSinarmas Land loses free float; trading to be suspended
The offer by Lyon Investments receives valid acceptances to acquire 92.3% of shares [SINGAPORE] Shares of Sinarmas Land that are held by the public no longer make up 10 per cent of shares outstanding, following a privatisation offer receiving valid acceptances to acquire 92.3 per cent of shares. Due to the Singapore Exchange’s (SGX) requirement…
Read MoreCapitaLand China Trust Q1 NPI falls 6.6% to 292.5 million yuan amid lower revenue
[SINGAPORE] The manager of CapitaLand China Trust (CLCT) posted a net property income (NPI) of 292.5 million yuan (S$52.8 million) for the first quarter of financial year 2025, down by 6.6 per cent from 313.1 million yuan in the previous corresponding period. Gross revenue fell 6.1 per cent to 439.7 million yuan for the quarter,…
Read MoreDBS, OCBC and UOB’s recent rally a remarkable recovery, but are the risks fully priced in?
[SINGAPORE] Shares of DBS, OCBC and UOB have rebounded since the announcement of US President Donald Trump’s reciprocal tariffs on Apr 2 sent shockwaves through the markets and triggered a massive sell-off. Over the past two weeks since Apr 7, the banks have climbed around 8.2 per cent on average, although they have not recovered…
Read MoreCalifornia Business Dream: Your 2024 LLC Guide
Starting a business in California is an exciting venture, filled with opportunities and challenges. The Golden State is known for its vibrant economy and diverse markets, making it a prime location for entrepreneurs. If you’re considering forming a Limited Liability Company (LLC) in California, this guide will walk you through everything you need to know…
Read MoreMapletree Logistics Trust’s Q4 DPU falls 11.6%; manager warns trade tensions could weigh on performance
[SINGAPORE] Lower revenue contribution from China and weak regional currencies crimped Mapletree Logistics Trust’s (MLT) earnings for its fourth quarter, with distribution per unit (DPU) falling 11.6 per cent to S$0.01955. Gross revenue for the three months ended Mar 31 dipped 0.8 per cent to S$179.6 million from a year earlier, while net property income…
Read MoreInvestors relieved Musk will refocus on Tesla, but worry about brand damage
[BENGALURU] Tesla investors breathed a sigh of relief after CEO Elon Musk said he would refocus his attention on the electric automaker, but that promise did not entirely dispel worries that his right-wing shift had irrevocably damaged the company’s brand. The automaker’s shares rose about 6.5 per cent in premarket trading on Wednesday (Apr 23)…
Read MoreHigh-90s support for all resolutions at CDL’s annual general meeting
[SINGAPORE] All resolutions tabled at City Developments Ltd’s (CDL’s) annual general meeting (AGM) on Wednesday (Apr 23) were passed, with support level in the high-90s range. All were ordinary resolutions requiring approval of more than 50 per cent of the total number of shares represented by votes cast at the meeting. Some 99.43 per cent…
Read MoreSK Hynix likely unseated Samsung as Dram leader with AI boost
[SEOUL] SK Hynix’s upcoming earnings results will likely show it replaced Samsung Electronics as the world’s top Dram vendor for the first time in the two companies’ decades-long rivalry, thanks to demand for artificial intelligence (AI). SK Hynix, a key supplier of high-bandwidth memory (HBM) to Nvidia, captured 36 per cent of the Dram market…
Read MoreFrasers Hospitality Trust undergoes strategy review
[SINGAPORE] Frasers Hospitality Trust (FHT) is undergoing a strategy review, though there is currently no certainty if its existing business strategy will change. This follows a failed bid to privatise the stapled group in 2022. Trading volumes of FHT’s stapled securities surged several times in November and December of 2024. “As part of this review,…
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