Posts by Mark Darwin
OCBC shares fall nearly 3% after Q4 earnings miss
Net profit of S$1.69 billion for the fourth quarter fell short of the S$1.78 billion consensus forecast SHARES of OCBC fell in early trading on Wednesday (Feb 26) morning after the lender posted a net profit for the fourth quarter that fell short of consensus estimates. As at 9.10 am, the counter fell 2.8 per…
Read MoreStocks to watch: OCBC, CDL, SingPost, Food Empire, SingLand, Aztech Global
THE following companies saw new developments that may affect trading of their securities on Wednesday (Feb 26): OCBC: The lender on Wednesday reported a net profit of S$1.69 billion for the fourth quarter ended December, up 4 per cent from S$1.62 billion in the previous corresponding period. This fell short of the S$1.78 billion consensus…
Read MoreApple to keep DEI efforts, though some adjustments possible
APPLE investors rejected an outside shareholder proposal to end the iPhone maker’s diversity, equity and inclusion (DEI) efforts, though chief executive officer Tim Cook said that the company may make some adjustments to the programme. The company conducted the vote as part of its annual meeting, held virtually on Thursday (Feb 20), with Cook and…
Read MoreSingPost mulls special dividend with potential S$289m disposal gain
SINGAPORE Post (SingPost) said on Wednesday (Feb 26) it will hold an extraordinary general meeting (EGM) to seek shareholders’ approval for the proposed divestment of its Australia business, Freight Management Holdings (FHM). The EGM will be held on Mar 13 at 3.30 pm. “This EGM provides our shareholders with the opportunity to vote on this…
Read MoreHow to Build Wealth for Retirement: Smart Investing Strategies
If you want to build wealth for retirement, it will require careful planning, disciplined investing, and a long-term perspective. Whether you are a young professional just beginning your career or a seasoned CEO managing a company, ensuring financial security for your future should be a top priority. The traditional notion of retirement is changing, with…
Read MoreCoupang profit beats estimates, even as sales growth slows
COUPANG, the largest e-commerce company focused on South Korea, handily beat profit estimates for the fourth quarter, even as sales grew more slowly than expected during the period. The online retailer’s net revenue rose 21 per cent to US$7.97 billion in the quarter ended Dec 31, compared with an average analyst projection of US$8.08 billion.…
Read MoreTesla market value slips below US$1 trillion as Europe sales sink
The shares have now cumulatively fallen 16 per cent in four straight trading sessions of losses A QUICK unwind in the shares of Tesla pushed the electric vehicle (EV) maker’s market capitalisation below the coveted US$1 trillion mark on Tuesday (Feb 25), amid reports of a stark slowdown in car sales in Europe. The Elon…
Read MoreSingLand H2 net profit rises 76% to S$180.5 million on higher revenue from hotel ops
SINGAPORE Land Group (SingLand) reported a net profit of S$180.5 million in the second half ended Dec 31, up 76 per cent from S$102.4 million in the year ago period. Revenue rose 9 per cent to S$390.5 million in H2 from S$358.7 million in the year before. Earnings per share, excluding fair-value gains on investment…
Read MoreTrump team seeks to toughen Biden’s chip controls over China
DONALD Trump’s administration is sketching out tougher versions of US semiconductor curbs and pressuring key allies to escalate their restrictions on China’s chip industry, an early indication the new US president plans to expand efforts that began under Joe Biden to limit Beijing’s technological prowess. Trump officials recently met with their Japanese and Dutch counterparts…
Read MoreYangzijiang Shipbuilding dives 11% to S$2.66 after US proposed fees for Chinese-built ships
SHARES of maritime vessel maker Yangzijiang Shipbuilding fell on Tuesday (Feb 25) morning amid news of the Trump administration’s proposed imposition of fees for Chinese-built vessels entering US ports. At 9.35 am, the counter was down S$0.33 or 11 per cent at S$2.66, with 29.7 million securities changing hands. The last time it traded at…
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