Posts by Mark Darwin
JAL-Sumitomo JV secures right to place order for up to 100 Archer air taxis
ARCHER Aviation said on Thursday (Nov 7) a joint venture (JV) between Japan Airlines and Sumitomo had secured the right to place orders for up to 100 of its electric air taxis worth US$500 million. Shares of Archer Aviation rose 7 per cent in morning trading. If placed, the order from the joint venture, Soracle,…
Read MoreDividends preferred over share buybacks for shareholder returns: OCBC CEO Helen Wong
The bank aims to keep its excess capital as dry powder to support franchise flows and potential inorganic growth opportunities that may pop up OCBC prefers to give dividends over share buybacks to return excess capital to shareholders, said chief executive Helen Wong. “It is the same results (as) doing shareholder returns, but I keep…
Read MoreShare buybacks, more dividends among options to deploy capital: UOB chief Wee Ee Cheong
The bank is open to investing it in growth, or returning it to shareholders through share buybacks or more dividends, he says UOB is actively looking to manage its capital, and hopes it can find ways to take “full advantage” of the excess by the end of this year, its chief executive Wee Ee Cheong…
Read MoreJTC in S$46.2 million buyback of Mercedes-Benz’ logistics property in Tuas
The luxe carmaker’s offer to give up the balance lease on site is seen as the result of its opening of a parts logistics centre in Johor MERCEDES-BENZ Singapore is selling the balance lease of its property at 301 Jalan Ahmad Ibrahim to JTC Corporation. JTC is paying S$46.2 million to buy back the balance…
Read MoreBlackRock in talks to buy minority stake in Millennium: sources
BLACKROCK is in early-stage talks with Millennium Management about a strategic tie-up that could involve acquiring a minority stake in the hedge fund, two sources familiar with the matter said. The sources said it was not clear whether the talks would result in a deal, with one of them adding that the strategic rationale of…
Read MoreSea needs more than good earnings to sustain 175% comeback rally
AFTER a peer-beating 175 per cent stock rally from its January low, South-east Asia’s top online shopping company Sea faces a high bar to impress investors with its upcoming third-quarter earnings report. The Singapore-based firm is expected to deliver solid results next Tuesday (Oct 12), with its e-commerce arm Shopee moving into the black on…
Read MoreSingapore shares open higher on Friday; STI up 0.4%
Genting Singapore is the most actively traded by volume, while banking stocks are mixed SINGAPORE stocks were in positive territory during early trading on Friday (Nov 8) after the US cut interest rates by a quarter point, as global markets continued to rally after Donald Trump’s election victory this week. As at 9.03 am, the…
Read MoreStocks to watch: UOB, OCBC, Sats, Far East Orchard, Daiwa House Logistics Trust
THE following companies saw new developments that may affect trading of their securities on Friday (Nov 8):
Read MoreEV growth expectations for Trump years are already being slashed
SLOWING electric vehicle (EV) adoption is likely to accelerate even further as President-Elect Donald Trump delivers on his promise to gut plug-in friendly policies he called the “green new scam”. Automotive forecaster GlobalData on Wednesday (Nov 6) cut its outlook for EV market share in the US for 2030 to 28 per cent from 33…
Read MoreAirbnb revenue narrowly beats on strong growth in international markets
VACATION home rental company Airbnb narrowly beat estimates for third-quarter revenue on Thursday (Nov 7), helped by strong growth in its Asia-Pacific and Latin American markets, sending its shares soaring as much as 15 per cent in volatile after-hours trading. The travel company, which has been investing heavily to bolster its presence globally, said the…
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