Posts by Mark Darwin
PC Partner commences trading in Singapore, opens at S$0.85
HONG KONG-based electronics company PC Partner Group began trading on the mainboard of the Singapore Exchange (SGX) on Friday (Nov 15) at S$0.85. As at 11.08am, the counter had gained S$0.025 over its opening price to reach S$0.875, with 2,800 shares traded. It then eased slightly to S$0.865 as at the midday break, with a…
Read MoreBrokers’ take: Maybank downgrades ComfortDelGro to ‘hold’ on acquisition doubts
MAYBANK Securities has downgraded its call on ComfortDelGro to a contrarian “hold”, with a lower price target of S$1.60, from S$1.65 previously. This comes even after the land transport operator reported a positive set of third-quarter results, which the brokerage considered in line with expectations. In a report on Friday (Nov 15), Maybank analyst Eric…
Read MoreDip in Singapore consumers’ trust in general insurers and insurance sales staff: report
THE level of trust Singapore consumers have in general insurers and their intermediaries such as brokers and advisers slipped in 2024, compared with the previous year, a study has found. The 2024 insurance trust indicator study, commissioned by the local insurance sector to help improve confidence and practices, found that consumers’ trust in general insurers dipped to…
Read MoreSingapore shares open lower on Friday; STI down 0.3%
SINGAPORE stocks began Friday (Nov 15) trading in negative territory as markets abroad mostly posted losses overnight. As at 9.01 am, the Straits Times Index (STI) was down 0.3 per cent or 11.83 points at 3,726.33. Across the broader market, losers outnumbered gainers 66 to 37 after 42.3 million securities worth S$65.8 million changed hands. …
Read MoreTesla, Rivian drop on report Trump wants to end EV credit
US automaker stocks fell after Reuters reported President-elect Donald Trump plans to eliminate a key consumer tax credit aimed at boosting electric-vehicle (EV) adoption. Trump’s transition team has been discussing ending the US$7,500 subsidy as part of a broader tax-reform effort, Reuters said, citing unidentified sources with direct knowledge of the matter. Representatives of Tesla…
Read MoreOil settles slightly higher, investors focus on steep draw in fuel stocks
Oil prices closed slightly higher in choppy trading on Thursday (Nov 14), as a steep draw in US fuel stocks outweighed oversupply concerns and demand worries stemming from a stronger dollar. Brent crude futures settled 28 US cents or 0.4 per cent higher at US$72.56 a barrel, while US West Texas Intermediate crude futures rose…
Read MoreWall Street ends lower after Powell erodes hopes for December rate cut
Wall Street’s main indexes closed lower on Thursday (Nov 14) after Federal Reserve chair Jerome Powell dampened investor hopes for another interest rate cut this year by saying the US central bank need not rush to ease monetary policy. Powell said at a Dallas Fed event that with the economy still growing, the job market…
Read MoreOffer for Broadway Industrial Group turns unconditional
THE mandatory cash offer made by engineering solutions provider Patec Group to acquire all the shares of manufacturer Broadway Industrial Group has turned unconditional in all respects. As at 6 pm on Thursday (Nov 14), the total number of shares owned, controlled or agreed to be acquired by the offeror and persons acting in concert…
Read MoreUS dollar marches on, Trump trade momentum undimmed
THE US dollar continued its relentless march higher on Thursday (Nov 14), trading at a one-year high against major peers and headed for a fifth straight daily gain fuelled by higher yields and Donald Trump’s election victory in the United States. The greenback climbed above 156 yen for the first time since July, while the…
Read MoreSGX RegCo issues trade with caution alert on 9R Limited
THE Singapore Exchange Regulation Company (SGX RegCo) has urged investors to exercise caution when dealing with shares of 9R Limited. In a trade with caution alert on Wednesday (Nov 13), RegCo noted that the price of 9R shares rose 48.7 per cent or S$0.019 from S$0.039 on Jun 4 to S$0.058 on Aug 14. The…
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