Posts by Mark Darwin
Singapore’s subdued IPO scene set for a rebound in 2025: analysts
SINGAPORE’s initial public offering (IPO) scene is set to liven up this year, with analyst forecasts falling anywhere between four and 10 listings on the local bourse. This comes after a subdued market in recent years, where delistings have outpaced new listings on the local bourse, with more Singapore companies choosing to list on global…
Read MoreMBS gets record S$12 billion loan; DBS, OCBC, UOB, Maybank coordinating facility
The loan will be used for refinancing and to fund the expansion of the company’s integrated resort MARINA Bay Sands has obtained a S$12 billion multi-tranche loan to fund a planned expansion of its casino resort in Singapore, according to a source familiar with the matter, marking the largest such financing in the city state…
Read MoreSingapore shares open higher on Monday; STI up 0.3%
SINGAPORE equities began Monday (Feb 17) in positive territory, following mixed performance in the US and Europe last Friday. As at 9.01 am, the Straits Times Index (STI) rose 12.16 points or 0.3 per cent to 3,889.66. Across the broader market, gainers outnumbered losers 72 to 38 after 35.6 million securities worth S$33.4 million changed…
Read MoreSingPost appoints former execs of SGX and SIA Engineering as non-executive, independent directors
This comes months after the firing of three senior management executives over their negligence in handling internal investigations related to a whistleblower’s report SINGAPORE Post (SingPost) on Monday (Feb 17) announced the appointment of two new non-executive, independent directors, Chng Lay Chew and Ng Chin Hwee. Ng formerly served as chief executive officer and executive…
Read MoreStocks to watch: Keppel DC Reit, Centurion, ComfortDelGro, SingPost, SIAEC, Paragon Reit
THE following companies saw new developments that may affect trading of their securities on Monday (Feb 17): Keppel DC Real Estate Investment Trust (Keppel DC Reit): The trust is selling Kelsterbach Data Centre in Frankfurt, Germany, to an unrelated third party for 50 million euros (S$70.6 million). On Monday, the trust manager said the divestment…
Read MoreBank of Japan nearing end of bank stock sales shifts focus to ETF assets
THE Bank of Japan (BOJ) is on course to finish offloading millions of US dollars of stocks that it bought from beleaguered banks during the financial crisis two decades ago sooner than scheduled, a development that throws into focus the fate of its considerably larger holdings of exchange-traded funds (ETFs). The book value of share…
Read MoreMarco Polo Marine CEO increases stake; ESR Reit buys back 5 million units
OVER the five trading sessions from Feb 7 to 13, institutions were net buyers of Singapore stocks, leading to a net institutional inflow of S$63 million, partially reversing the net outflow of S$169 million in the preceding five sessions. This brings the net institutional outflow for the year to Feb 13 to S$633 million. Institutional…
Read MorePrenup Talk: Have This Conversation Before ‘I Do’
Getting married is a big step, and while love might be the main focus, it’s important to talk about prenuptial agreements too. These agreements aren’t just for the rich and famous; they can be a smart move for any couple. A prenup can help you both start your marriage with clear expectations and a strong…
Read MoreFalling yields pile pressure on China’s insurers
CHINA’S insurance companies reported higher investment returns in 2024 despite falling market interest rates and an economy flirting with deflation, as the bond market soared, the stock market took off in the latter part of the year, and companies increased their dividend payouts. Insurance companies’ annualised total returns were 7.16 per cent in the first three quarters…
Read MoreIntel flirts with historic weekly gain on partnership rumours
INTEL shares are on track for their biggest one-week gain on record, as unconfirmed discussions about a partnership with a key rival provide hope for a turnaround after an extended period of weakness. The chipmaker has risen as much as 32 per cent this week, which would represent its strongest such jump in its more-than-40-year…
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