Posts by Mark Darwin
Brokers’ take: Maybank says S&P’s credit watch negative on SingPost is ‘irrelevant’, maintains ‘buy’
The group’s equity story remains compelling and will gain from restructuring, says analyst MAYBANK securities continues on with its “buy” call on Singapore Post (SingPost), with a target price of S$0.77. On Monday (Dec 9), analyst Jarick Seet said he found the CreditWatch negative label by global ratings’ agency S&P on SingPost “irrelevant”. He also…
Read MoreJack Ma pushes AI drive in rare speech since Ant crackdown
CHINESE billionaire Jack Ma rallied his troops during a speech at Ant Group’s 20th anniversary, making a rare appearance after a government crackdown forced the fintech giant to scrap what would have been the world’s largest initial public offering (IPO) four years ago. The co-founder of Ant and affiliate Alibaba Group Holding showed up on…
Read MoreUS clears export of advanced AI chips to UAE under Microsoft deal: Axios
THE US government has approved the export of advanced artificial intelligence (AI) chips to a Microsoft-operated facility in the United Arab Emirates (UAE) as part of the company’s highly-scrutinised partnership with Emirati AI firm G42, Axios reported on Saturday (Dec 7), citing two sources familiar with the deal. Microsoft invested US$1.5 billion in G42 earlier…
Read MoreSingapore shares close flat amid mixed Asia markets on China stimulus hopes
STI down by 1.24 points or 0.03% at 3,794.92; Singtel is top gainer on benchmark index SINGAPORE stocks slipped into slightly negative territory on Monday (Dec 9), while other Asian markets closed mixed following China’s easing of its monetary policy stance. The Straits Times Index (STI) inched down by 1.24 points or 0.03 per cent…
Read MoreWhat is ‘CTC’ in Real Estate?
Navigating the real estate world can be tricky, especially with all the jargon involved. One term that often comes up is Clear to Close (CTC). This term is crucial for both buyers and sellers as it signifies that all necessary steps have been completed for a property transaction to proceed to its final stages. This…
Read MoreStocks to watch: CapitaLand China Trust, Lendlease Global Reit, StarHub
THE following companies saw new developments that may affect trading of their securities on Monday (Dec 9): CapitaLand China Trust (CLCT): The manager has appointed Gerry Chan as its CEO and an executive non-independent director with effect from Jan 1, 2025. The 48-year-old was appointed as deputy CEO on Sep 1. In an exchange filing on…
Read MoreAustralia moves ahead to scrap AT1 bonds after Credit Suisse hit
AUSTRALIA’S banking regulator is pushing ahead to scrap the market for contingent convertible securities, despite some concerns, becoming the first country to phase out the securities that were wiped out after the collapse of Credit Suisse last year. The Australian Prudential Regulation Authority (Apra) said on Monday (Dec 9) it will phase out the use…
Read MoreMark Cuban: From Selling Garbage Bags to NBA Team Owner
Mark Cuban, the renowned entrepreneur and owner of the Dallas Mavericks, recently sat down for an insightful interview to discuss his journey from humble beginnings to becoming a successful businessman and NBA team owner. In this article, we’ll explore Cuban’s early life, his entrepreneurial spirit, and the valuable lessons he’s learned along the way. Early…
Read More10 Things About Credit Card WiFi Symbols
In today’s world, many people use credit cards for their purchases, and with that comes the use of WiFi technology. Understanding the symbols associated with WiFi credit cards can help you make better choices when it comes to your payments. In this article, we will explore ten important things you should know about these symbols…
Read MoreDissident minority investor calls on OCBC to unlock value by distributing Great Eastern stake
The bank says Great Eastern remains integral to its strategy, but a distribution of the insurance unit’s shares may be the most sensible way to resolve its trading suspension FORMER remisier Ong Chin Woo, who fought to unlock value for minority shareholders of Great Eastern earlier this year, has begun the next stage of his…
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