Posts by Mark Darwin
Mapletree 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,…
Read MoreFrasers Hospitality Trust undergoes strategic 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 privatisation bid made by managers of the stapled group in 2022 and a trading activity surge in November and December 2024, when the stapled security soared around 40…
Read MoreHuawei’s expansion in smart driving stirs competition, scrutiny
[NEW YORK] Chinese smartphone maker Xiaomi’s pivot into cars has become a high-profile success story. Its SU7 is a hit, forecast to sell 350,000 units this year and even Ford Motor CEO Jim Farley has heaped praise on the model. Less well-known is how rival smartphone maker Huawei Technologies has also cemented a dominant position…
Read MoreMore nominee shareholders, accounts could be detrimental to investor protection
[SINGAPORE] The travails of Dasin Retail Trust (DRT) unitholders continue. From a unit price of around S$0.80 in 2020, the counter’s value has practically evaporated to a paltry S$0.02 as at Apr 21, 2025. The trust’s market capitalisation of around S$16 million is barely enough to buy a starter bungalow. Some of the loss in…
Read MoreEurope: Shares close higher as financials, L’Oreal rise; Fed spat still a worry
[BENGALURU] European shares ended slightly higher on Tuesday (Apr 22) on the back of rising financials and post-earnings gains in L’Oreal, though sentiment remained shaky after US President Donald Trump’s critique of Federal Reserve chair Jerome Powell. The pan-European Stoxx 600 index ended 0.3 per cent higher, well off session lows, with L’Oreal jumping 6.3…
Read MoreUS: Stocks soar on White House optimism on China trade deal, Dow +2.7%
[NEW YORK] Wall Street stocks jumped on Tuesday (Apr 22), rebounding from the prior day’s rout, after upbeat comments from Trump administration officials about US-China trade talks. US Treasury Secretary Scott Bessent told a closed-door event in Washington that the tit-for-tat tariff war would de-escalate soon. Later, White House spokesperson Karoline Leavitt told reporters: “The…
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