Posts by Mark Darwin
CapitaLand India Trust to buy Bengaluru office project for 14.7 billion rupees
CAPITALAND India Trust (Clint) will purchase a 1.13 million-square-foot (sq ft) office project in Bengaluru from luxury residence developer Maia Group for 14.7 billion rupees (S$233.6 million). The trustee-manager of Clint on Friday (Feb 21) said that net profit from the acquisition is forecast to be S$7.7 million, on a stabilised basis, while distribution per…
Read MoreVenture posts 6.6% fall in H2 net profit to S$121.4 million on weakness in lifestyle consumer segment
VENTURE Corporation posted a 6.6 per cent year-on-year decline in net profit to S$121.4 million for the half year ended Dec 31, 2024, from S$130 million a year earlier. This came as revenue over the same period fell 6.3 per cent on year to S$1.35 billion, from S$1.44 billion. In its earnings release on Friday…
Read MoreAustralian shares post worst week in 2½ years as bank stocks bleed
Australian shares closed lower on Friday (Feb 21), rounding off their worst week in nearly two-and-a-half years, as banking stocks went on a seven-session losing streak that was exacerbated by the central bank’s first rate cut in five years. The S&P/ASX 200 index closed 0.3 per cent lower at 8,296.2 points on the day. It…
Read MoreRex International falls 19.5% to S$0.173 on heavy trading
The company is expecting to report a net loss for the financial year ended December 2024 based on a preliminary review of its drafted unaudited financial results SHARES of oil exploration and production company Rex International fell on Friday (Feb 21) morning on heavy trading after the company said it was expecting to post a…
Read MoreRex International falls 21.9% to S$0.168 on heavy trading after profit warning
SHARES of multinational oil exploration and production company Rex International fell on Friday (Feb 21) morning in heavy trading after the company said it was expecting to post a net loss in the upcoming release of its financial results. After midday trading break at 1.40 pm, its shares dived to an intraday low of S$0.168,…
Read MoreCitigroup scraps diversity goals, ‘DEI’ term under Trump pressure
CITIGROUP is ending workplace representation goals and removing requirements to interview job candidates from diverse backgrounds, citing pressure from the Trump administration. The bank will no longer have “aspirational representation goals” except as required by local law, and abandon a policy for diversity in candidates and interview panels, according to a memo to staff from…
Read MoreBillionaire investor Ryan Cohen boosts stake in Alibaba to US$1 billion: WSJ
BILLIONAIRE investor Ryan Cohen has increased his personal stake in Chinese e-commerce giant Alibaba Group to roughly US$1 billion in recent months, The Wall Street Journal (WSJ) reported on Thursday (Feb 20), citing sources familiar with the matter. Cohen’s position represents about seven million shares, the report said. Alibaba and Cohen did not immediately respond…
Read MoreSingapore shares muted at Friday’s open; STI down 0.02%
SINGAPORE stocks opened nearly flat on Friday (Feb 21) morning as global markets recorded declines overnight. As at 9.03 am, the Straits Times Index (STI) was down 0.02 per cent or 0.68 point at 3,926.83. Across the broader market, losers outnumbered gainers 66 to 62 after 64.7 million securities worth S$118.4 million changed hands. Foundation…
Read MoreStarHub H2 net profit up 7.5% at S$78.4 million
STARHUB on Friday (Feb 21) posted a net profit of S$78.4 million for the second half of its financial year ended December, up 7.5 per cent from S$72.9 million in the previous corresponding period. This translates to an earnings per share of S$0.043 for the recorded period, up from S$0.04 in H2 2023. The…
Read MoreSeatrium achieves first full-year profit with S$120.9 million H2 earnings
SEATRIUM swung into the black with a net profit of S$120.9 million for the second half ended Dec 31, from a net loss of S$1.8 billion in the same period a year earlier. Together with a H1 turnaround, the offshore and marine specialist marked its first full-year profit since its birth in 2023. The H2…
Read More