Posts by Mark Darwin
Yangzijiang Shipbuilding soars 15% as US eases port fees on China-built ships
[SINGAPORE] Shares of Yangzijiang Shipbuilding (YZJ) surged 15 per cent on Monday (Apr 21) morning after the US watered down its initial proposal of slapping fees on China-built ships. At 9.58 am, the counter jumped 15 per cent or S$0.31 to S$2.37, with 27.9 million securities changing hands. The last time it traded at such…
Read MoreGold hits record high on weak US dollar, trade war woes
Published Mon, Apr 21, 2025 · 09:40 AM [BENGALURU] Gold touched a record high on Monday (Apr 21) as the US dollar sank to a three-year low and trade war concerns between the United States and key trading partners stirred recession fears, making investors lean towards the safe-haven asset. Spot gold advanced 1 per cent…
Read MoreFidelity, Goldman find tariff haven in Asian consumer stocks
[TOKYO] The global trade war is providing a boon for Asian consumer stocks, as investors take shelter in companies that cater to local buyers’ essential needs. Strategists at Goldman Sachs and Morgan Stanley recommended Asian consumer staples in reports released after the Apr 2 tariff barrage, urging investors to turn defensive. Fidelity International said it…
Read MoreCDL’s AGM: Minority support for five IDs seeking re-election a litmus test of governance perceptions
[SINGAPORE] This week, minority shareholders of City Developments (CDL) will finally have the opportunity to endorse, or oppose, the controversial appointments of Jennifer Duong Young and Wong Su-Yen as independent directors (IDs). The two IDs were appointed on Feb 7, and are seeking re-election at the annual general meeting (AGM) scheduled for Apr 23. Also…
Read MoreWhat tariffs? DHL banks on burgeoning markets like South-east Asia as it aims for 50% revenue growth by 2030
[SINGAPORE] US tariffs are expected to wreak havoc on global supply chains, but logistics giant DHL is not that worried. DHL’s Strategy 2030 plan, announced in September last year, aims to boost its revenue by 50 per cent by 2030. That translates to a revenue target of roughly 123 billion euros (S$183.6 billion), up from…
Read MoreCandy maker YLF cites market souring on US tariffs as reason to withdraw Singapore IPO
Sentiment is ‘badly shaken’ with the current uncertainty, says its chief executive YLF Group Marketing – the maker of Pikin plum candies – is withdrawing its application for a Singapore initial public offering (IPO) due to tough market conditions created by US tariffs, its chief executive Lee Tee Wei told The Business Times. “Circumstances such…
Read MoreICP receives S$0.009 per share exit offer from major shareholder Aw Cheok Huat
AW CHEOK Huat, a major shareholder of hospitality player ICP, has launched a voluntary offer to take the company private at S$0.009 per share in cash, the company disclosed in a Saturday (Apr 19) bourse filing. This comes two years after Aw’s mandatory offer of S$0.007 apiece for Catalist-listed ICP – which was triggered after he…
Read MoreName Change Guide: From Paperwork to New ID
Changing your name can be a big step, whether it’s due to marriage, divorce, or just wanting a fresh start. The process can seem overwhelming, but it doesn’t have to be. This guide breaks down everything you need to know about legally changing your name, from the paperwork involved to updating your ID and informing…
Read MoreInstitutions net buying, Stephen Riady ups OUE stake
[singapore] Over the four trading sessions from Apr 11 to 16, institutions were net buyers of Singapore stocks, with net institutional inflow of S$217 million. This brings the net institutional outflow for the 2025 year to Apr 16 to S$1.8 billion. Institutional flows Over the four trading sessions through to Apr 16, the stocks that…
Read MoreBankers get creative to sign M&A deals in Trump’s trade war
[New York] After US President Donald Trump’s tariffs sent global markets sideways, Silicon Valley private equity firm Silver Lake Partners and chipmaker Intel added some new terms to a deal they had spent months negotiating. The talks continued for an extra week, during which the new clause was inserted into the final agreement announced on…
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