Posts by Mark Darwin
Mr DIY Indonesian business plans IPO to raise up to 4.7 trillion rupiah
THE Indonesian sister company of Mr DIY Group (M) Bhd will list shares in Jakarta through an initial public offering (IPO) that seeks to raise as much as 4.7 trillion rupiah (S$400 million), in what would be the nation’s biggest listing in more than a year. PT Daya Intiguna Yasa, the Indonesian affiliate of the…
Read MoreApple chief returns to China as Beijing prepares to fete CEOs
APPLE chief executive officer Tim Cook is visiting China for at least the third time this year, showing up at a suppliers’ conference on the same day a top Beijing official convened an important meeting with a group of foreign CEOs. Chinese Premier Li Qiang is expected to meet with top corporate executives on Monday…
Read MoreCLI to rebalance portfolio, grow India and South-east Asia businesses
CAPITALAND Investment (CLI) will rebalance its portfolio to grow its India and South-east Asia business and optimise its China holdings, as it seeks further “geographical diversification” for growth. The group also plans to “leverage M&A to grow in our focus markets of Japan, Korea and Australia, and look to ex-Asia developed markets such as the…
Read MoreSingapore shares rise at Monday’s open; STI up 0.5%
SINGAPORE stocks began trading higher on Monday (Nov 25) after global equities took a positive turn at the end of last week. As at 9.00 am, the Straits Times Index (STI) climbed 17.61 points or 0.5 per cent to 3,763.63. Across the broader market, gainers outnumbered decliners 73 to 24, after 35.6 million securities worth…
Read MoreStocks to watch: CDL, Paragon Reit
THE following companies saw new developments that may affect trading of their securities on Monday (Nov 25): City Developments Limited (CDL): The property giant and its joint venture associates posted S$611.1 million in sales for the third quarter ended Sep 30, 2024, with 321 units sold, up from S$325 million and 183 units sold in…
Read MoreUSDJPY eyes 38-year high as bullish trend resumes
THE USDJPY pair has been on a strong uptrend since early 2021, when it traded at 102.6, driven by sustained yen weakness and dollar strength. This prolonged bullish momentum saw the pair rise to a multi-decade high of 161.945 on Jul 3, 2024, its highest level since December 1986. At its peak, the USDJPY had…
Read MoreHistory is useless for Wall Street pros betting on stock rally
Investors have a challenge in betting on the usual stock market rally that tends to arrive after a presidential election: With the S&P 500 Index on track for one of its best-ever starts to a year, history cannot be a guide this time. Buying US stocks into year-end following a vote is the classic trading…
Read MoreCanadian dollar notches biggest weekly gain since August
THE heavily shorted Canadian dollar steadied against its US counterpart on Friday (Nov 22), with the currency holding on to a weekly gain as upbeat domestic retail sales data contributed to reduced expectations for Bank of Canada (BOC) interest-rate cuts. The loonie was trading nearly unchanged at 1.3975 per US dollar, or 71.56 US cents,…
Read MoreWhat forcing Google to sell Chrome could mean
US ANTITRUST lawyers are calling on a judge to force the sale of Google’s Chrome browser to limit the company’s market clout in a move that would shake up the internet giant. On Wednesday (Nov 20), the US Department of Justice submitted its recommendation for the breakup to US District Court Judge Amit Mehta, who…
Read MoreNvidia stock surge means CEO’s foundation must double giving
NVIDIA’S surging share price has created a challenge for Jensen Huang’s charitable foundation: As the stock climbs, so does the amount of money it has to give away. The Jen-Hsun & Lori Huang Foundation saw its assets, which mostly consist of Nvidia shares, more than triple to US$3.4 billion at the end of 2023, according…
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