Posts by Mark Darwin
DBS could declare special dividend of S$0.50, raise ordinary DPS to S$0.60: CGSI
DBS may declare a special dividend of S$0.50 for the fourth quarter of FY2024 as well as raise its ordinary dividend per share to S$0.60, said CGS International in a report on Tuesday (Jan 14). Reiterating its “hold” call on the bank, the research house maintained its target price at S$43, which is 1.1 per…
Read MoreTSMC profit beats estimates after year of rapid AI-driven growth
TAIWAN Semiconductor Manufacturing Company’s (TSMC) profit in the December quarter topped estimates with a 57 per cent rise, giving a boost to investors hoping to see the artificial intelligence (AI) hardware spending spree extend into 2025. The world’s biggest chipmaker reported a net income of NT$374.7 billion (S$15.6 billion) on Thursday (Jan 16). That compares…
Read MoreFidelity launches key China fund in bet on retirement boom
FIDELITY International, one of the world’s biggest pension managers, is taking a key first step in the Chinese market to tap a growing thirst for retirement solutions as the ageing of the world’s second-largest population quickens. The firm’s Shanghai-based unit said on Thursday (Jan 16) it has set up its first multi-asset public fund of…
Read MoreGold hits over one-month peak on Fed rate-cut hopes
GOLD prices hit more than one-month highs on Thursday (Jan 16) in early Asian hours after data showed US core inflation rose less than expected in December, raising hopes that the Federal Reserve could ease interest rates further. Spot gold was flat at US$2,695.84 per ounce, as at 0051 GMT, after hitting its highest since…
Read MoreSingapore shares close higher amid regional gains; STI adds 0.8%
Across the broader market, gainers beat losers 326 to 168, as 926.3 million securities worth S$1 billion change hands SINGAPORE stocks finished Thursday (Jan 16) in positive territory, tracking gains of regional peers. The benchmark Straits Times Index (STI) rose 0.8 per cent or 28.55 points to 3,801.13. The gains on the index were led…
Read MoreBlackstone seeks US$3 billion in sale of Bob Dylan, Adele song rights
BLACKSTONE has hired financial advisers to explore the sale of song rights, including music from Bob Dylan, Adele and Ariana Grande, that it expects to fetch US$3 billion or more, sources with knowledge of the matter said. A handful of financial firms, including Apollo Global Management, Warburg Pincus and Temasek Holdings, Singapore’s state-owned investment firm,…
Read MoreArtificial Intelligence jobs among Singapore’s fastest growing jobs: LinkedIn report
ARTIFICIAL intelligence (AI) roles ranked among Singapore’s fastest-growing jobs, said the latest LinkedIn’s annual jobs report released on Thursday (Jan 16). The majority – 10 of the 15 – are new to the list. That is, they were not in this list in 2024, said the networking site. They included the roles of AI researcher…
Read MoreBoost market with public money or implement ‘value-up’ programme? Maybe just do both
In the end, improving the vibrancy of the Singapore market comes down to companies acting in a manner that benefits all their shareholders SOME market watchers might have been disappointed that Minister for Trade and Industry Gan Kim Yong was rather guarded in his remarks earlier this month about the hotly debated topic of using…
Read MoreUS: Wall St opens higher after inflation data, strong bank earnings
Wall Street’s main indexes opened higher on Wednesday (Jan 15), as data showed core inflation rose less than expected in December and investors cheered a strong batch of quarterly results from the biggest US banks. The Dow Jones Industrial Average rose 409.5 points, or 0.96 per cent, at the open to 42,927.76. The S&P 500…
Read MoreESR Reit to sell Tuas industrial building for S$9.9 million
THE manager of ESR real estate investment trust (ESR Reit) has entered into a contract to divest an industrial building for about S$9.9 million. The consideration represents a 1.5 per cent premium above its valuation of S$9.7 million, said the manager in a bourse filing on Wednesday (Jan 15). The divestment is expected to be…
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