Posts by Mark Darwin
Stocks to watch: Sembcorp Industries, Hai Leck, DBS
THE following companies saw new developments that may affect trading of their securities on Tuesday (Dec 10): Sembcorp Industries: The group on Tuesday said it received an update on legal proceedings where the South African Supreme Court of Appeal affirmed its 718 million rand (S$70 million) asset sale made in 2018 as valid and enforceable.…
Read MoreNewmont cuts management jobs in major corporate restructuring
NEWMONT let go of nearly a dozen managers, including a member of its executive team, as part of a sweeping corporate overhaul, according to sources familiar with the matter. The world’s top gold mining company initiated plans to dismiss one executive and at least 10 senior managers, the sources said, asking not to be named…
Read MoreChina investigates Nvidia over suspected violation of anti-monopoly law
CHINA’S market regulator said on Monday (Dec 9) it has launched an investigation into Nvidia over suspected violations of the country’s anti-monopoly law. The State Administration for Market Regulation (SAMR) said the US chipmaker is also suspected of violating commitments it made during its acquisition of Mellanox Technologies, according to terms outlined in the regulator’s…
Read MoreThe Malaysian ringgit was one of Asia’s best-performing currencies this year. Can it hold its strength?
A firmer ringgit will make some Singapore imports more expensive – but it is good for some parts of Malaysia’s stock market THE Malaysian ringgit was the top-performing currency in Asia earlier this year, and while it has pulled back recently, analysts say that it could either stay firm or regain some ground in the…
Read MoreHai Leck founder offers to take company private at S$0.55 per share
The offer price represents a premium of 34.1 per cent over the company’s last traded price on Dec 3 THE founder and chairman of Hai Leck Holdings, Cheng Buck Poh, has proposed to privatise the company at S$0.55 per share in cash via a scheme of arrangement. As at Monday (Dec 9), the company has…
Read MoreBrokers’ 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…
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