Posts by Mark Darwin
United Hampshire US Reit’s H1 DPU falls 24.2% to US$0.0201
UNITED Hampshire US Real Estate Investment Trust’s (Reit) distribution per unit (DPU) for the first half ended June 2024 stood at US$0.0201, down 24.2 per cent from its H1 FY2023 DPU of US$0.0265. This comes after accounting for the manager receiving its full base fee for the period in cash instead of units, and after…
Read MoreUS considers a rare antitrust move: breaking up Google
A RARE bid to break up Alphabet’s Google is one of the options being considered by the Justice Department after a landmark court ruling found that the company monopolised the online search market, according to sources with knowledge of the deliberations. The move would be Washington’s first push to dismantle a company for illegal monopolisation…
Read MoreShunning home markets, South Korean retailers pile up on US stocks
SOUTH Korea’s mom-and-pop investors are defying last week’s global financial markets rout by pouring even more funds into US stocks, a years-long trend that analysts and investors bet will continue due to the depressed value proposition at home. South Korean retailers have been scooping up Nvidia, Tesla and Apple shares this year fuelled in part…
Read MoreIntel, pinched by losses, sells stake in chip designer Arm
INTEL, which is slashing jobs and expenses in a bid to turn around the business, sold its holdings in chip technology creator Arm Holdings during the second quarter. The company reported in a regulatory filing on Tuesday (Aug 13) that it no longer owns the 1.18 million shares it held three months earlier. Based on…
Read MoreOil tumbles on easing fears of wider Middle East war
BRENT and US crude oil futures fell on Tuesday (Aug 13) as traders grew less nervous about the potential for a wider war in the Middle East, with Iran yet to act on threats to retaliate on Israel for the assassination of a Hamas official in Tehran. Benchmark Brent crude futures settled down US$1.61, or…
Read MoreYangzijiang Financial posts 34% fall in H1 earnings to S$107.4 million
INVESTMENT manager Yangzijiang Financial on Tuesday (Aug 13) posted net profit of S$107.4 million for the six months ended Jun 30, falling 33.9 per cent from S$162.5 million year on year. This translates to an earnings per share of S$0.0304, compared to S$0.0439 in the corresponding year-ago period. First-half revenue, reflected as total income, dropped…
Read MoreDelfi profit dips 22.3% to US$19.6 million
Confectionery maker’s performance dips on the back of lower sales and currency weakness CHOCOLATE and confectionery manufacturer Delfi posted a 22.3 per cent drop in its net profit for the first half of the year ended Jun 30, to US$19.6 million, from US$25.2 million in the year-ago period. Revenue slid 7.8 per cent to US$260.8…
Read MoreHong Leong Asia H1 profit from continuing operations up 60% to S$49.4 million
INDUSTRIAL conglomerate Hong Leong Asia on Tuesday (Aug 13) reported a net profit from continuing operations of S$49.4 million for the six months ended Jun 30, up 60.1 per cent from S$30.9 million year on year. This translates to an earnings per share from continuing operations of S$0.0661, compared to S$0.0413 in H1 FY2023, the…
Read MoreNanofilm Technologies H1 loss narrows 51.1% to S$3.7 million
Its top line for the period rises on higher contributions from three business units SOLUTIONS provider Nanofilm Technologies on Tuesday (Aug 13) announced that its net loss for the six months ended Jun 30 decreased by 51.1 per cent to S$3.7 million, from S$7.6 million in the corresponding year-ago period. This comes as its revenue…
Read MorePrime US Reit H1 DPU dives 92% to US$0.0018 as manager retains funds to meet capex needs
PRIME US Reit’s manager on Tuesday (Aug 13) said the real estate investment trust’s (Reit) distribution per unit (DPU) tumbled 92 per cent to US$0.0018 for the six months ended Jun 30, from US$0.0224 in the year-ago period. The manager noted that the amount to be distributed to unitholders for the six months is about…
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