Posts by Mark Darwin
Cordlife warns of H1 net loss amid MOH investigations
CORDLIFE Group has issued a profit warning saying it expects to report a net loss for the first fiscal half of the year versus a net profit in the prior year, based on a preliminary review of the group’s draft unaudited H1 FY2024 results. More details will be disclosed when the group announces its unaudited…
Read MoreStocks to watch: Ho Bee Land, Daiwa House Logistics Trust, PSC, Tat Seng, Aoxin Q&M
THE following companies saw new developments that may affect trading of their securities on Monday (Aug 12): Ho Bee Land: The property developer has agreed to sell a 49 per cent stake in its wholly owned subsidiary which owns the group’s landmark biomedical development, Elementum, at a consideration of S$134 million. This is based on…
Read MoreRBNZ faces crunch rates call amid uncertainty over pivot timing
NEW Zealand’s central bank faces a crunch policy decision this week, with economists and investors unsure whether it will start cutting interest rates or wait for further evidence that inflation is returning to target. While 12 of 21 economists surveyed by Bloomberg expect the Reserve Bank of New Zealand (RBNZ) to keep the Official Cash…
Read MoreOla Electric jumps by 20% after biggest India IPO in two years
OLA Electric Mobility’s shares rallied in their Mumbai debut on Friday (Aug 9), backed by strong investor demand amid the growing adoption for electric vehicles (EVs) in the country. The shares of India’s biggest e-scooter maker closed 20 per cent higher, the maximum limit allowed, at 91.20 rupees, over the initial public offering (IPO) price…
Read MoreSingapore equities market has pockets of outperformers; investors need to be shrewd, realistic
THE local equities market is not something younger investors pay heed to – especially not when they can pick up online tips on how to dollar-cost average into exchange-traded funds that track popular indices such as the MSCI World Index or the US-based S&P 500 Index. This makes sense, because these indices have wildly outperformed…
Read MorePSA International subsidiary to acquire majority stake in Polish intermodal operator
The 85 per cent stake in Loconi will be acquired from publicly traded Polish freight forwarder ATC Cargo TEMASEK-OWNED port operator PSA International, through its subsidiary PSA Baltics, signed an agreement to acquire an 85 per cent majority stake in Polish intermodal operator Loconi International. The Singapore-based port group announced in a bourse filing on…
Read MoreTemu’s billionaire founder becomes China’s richest person
After several moderately successful ventures in gaming and e-commerce, Colin Huang got sick and retired. At one point, the young entrepreneur stayed home for a year thinking about his next move. The former Google engineer eventually started Pinduoduo, an e-commerce platform known for selling dirt-cheap products with massive promotions, in 2015. He quickly ascended the…
Read MoreTemu’s billionaire founder becomes China’s richest person
After several moderately successful ventures in gaming and e-commerce, Colin Huang got sick and retired. At one point, the young entrepreneur stayed home for a year thinking about his next move. The former Google engineer eventually started Pinduoduo, an e-commerce platform known for selling dirt-cheap products with massive promotions, in 2015. He quickly ascended the…
Read MoreEx-Twitter chairman sues Elon Musk’s X for US$20 million in shares
FORMER Twitter Chairman Omid Kordestani sued the social media company, claiming that billionaire owner Elon Musk is refusing to cash out more than US$20 million worth of shares he is owed. Kordestani served as the company’s executive chairman from 2015 to 2020 and stayed on the board for two more years, until Musk bought the…
Read MoreKirin-backed Indian brewer seeks more clout with new factory
AN Indian craft brewer backed by Japan’s Kirin Holdings wants to overtake entrenched global brands by building a US$70 million beer factory and raising fresh funds ahead of a public listing in 2026. B9 Beverages is building a new brewing facility in the north Indian state of Uttar Pradesh, which, once completed, will become India’s…
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