Posts by Mark Darwin
Keppel DC Reit’s upsized private placement closes at S$2.09 apiece; equity fundraising totals S$1.1 billion
KEPPEL DC Real Estate Investment Trust (Reit) closed its private placement at S$2.09 apiece with 334.9 million new units issued, said the manager on Wednesday (Nov 20). The private placement, which was 3.4 times subscribed, raised gross proceeds of about S$700 million after it was upsized. This brings the total size of the equity fundraising…
Read MoreHello Kitty’s looking pretty at 50 (and worth more than ever)
HELLO Kitty is famously the height of just five apples. But these days, the more striking statistic is that she’s worth more than 1 trillion yen — or S$8.7 billion. Stock in Japan’s Sanrio hit that milestone for the first time recently, just weeks before the company’s feline star turned 50. Kitty White was born on…
Read MoreBankers need to be curious to navigate the shifting energy landscape: DBS’ Kelvin Wong
Industry players are increasingly concerned about storage and grid capacities, says the lender’s head of energy, renewables and infrastructure HAVING grit and being curious about emerging trends in the world can help banks navigate the ever-changing energy landscape, said Kelvin Wong, DBS’ managing director and head of energy, renewables and infrastructure. Over the years, he…
Read MoreUS: Wall Street opens lower as Russia-Ukraine tensions escalate
Wall Street’s main indexes opened lower on Tuesday (Nov 19), as escalating tensions between Russia and Ukraine sent investors rushing to safe-haven assets. The Dow Jones Industrial Average fell 146.3 points, or 0.34 per cent, at the open to 43,243.27. The S&P 500 fell 23.6 points, or 0.40 per cent, at the open to 5,870.05,…
Read MoreResorts World Sentosa’s casino licence renewed for a shorter 2 years, likely due to pandemic-related tourism factors
Gambling Regulatory Authority says there is “a number of areas that require rectification and substantial improvement”, recommends that RWS’ next evaluation be carried out in 2026 THE authorities have renewed the casino licence of Resorts World Sentosa (RWS), an integrated resort (IR) operated by Genting Singapore, for two years – notably shorter than the standard…
Read MoreXPeng forecasts upbeat fourth quarter revenue as new launches improve demand
CHINESE electric vehicle maker XPeng forecast fourth quarter revenue above Wall Street estimates on Tuesday (Nov 19), as a refreshed product line-up and improving domestic market help the company see higher demand. US-listed shares of the company were up 5.1 per cent in premarket trading. XPeng is seeing a steady demand for its MONA M03…
Read MoreKoh Brothers Eco unit wins S$77.6 million contract for upcoming Toa Payoh development
CATALIST-listed engineering solutions provider Koh Brothers Eco Engineering was awarded a S$77.6 million contract by Sport Singapore (SportSG) through its wholly owned subsidiary, Koh Brothers Building & Civil Engineering Contractor (KBCE). Under the 18-month contract commencing Nov 19, KBCE will be responsible for piling, ground improvement and earth retaining stabilising structure installation at the Toa…
Read MoreSwiss watch exports fall again amid plummeting demand in China
SWISS watch exports fell for a second straight month in October as a sharp drop in shipments to China offset growth in the US. Exports of Swiss timepieces and watch movements declined 2.8 per cent overall to about 2.3 billion Swiss francs (S$3.5 billion) in value, with China’s imports down 39 per cent, the Federation…
Read MoreNestle to cut costs, boost marketing under new CEO
It aims to achieve cost savings of at least 2.5 billion Swiss francs by 2027, in addition to ongoing savings of around 1.2 billion Swiss francs Nestle will boost advertising and marketing, trim costs, carve out its water and premium drinks businesses into a standalone global unit, and implement other changes to drive growth under…
Read MoreHot stock: ST Engineering gains 4% on strong Q3 revenue showing
SHARES of ST Engineering rose in early trade on Tuesday (Nov 19) after the technology and engineering group reported that its third-quarter revenue was up 14 per cent year on year to S$2.8 billion. As at 10.21 am, the counter gained as much as S$0.18 or 4 per cent to S$4.63 on a cum-dividend basis,…
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