Posts by Mark Darwin
Abbott raises annual profit forecast as strong medical device sales power quarterly beat
The company now expects a profit of US$4.61 to US$4.71 per share for the full year ABBOTT Laboratories raised its annual profit forecast and beat Wall Street estimates for second-quarter earnings on Thursday (Jul 18), buoyed by strong sales of its cardiac and diabetes care devices. Much like the rest of the industry, the company’s…
Read MoreSats to partner Japan’s Mitsui in expanding its food solutions business
SATS will partner Japanese trading and investment company Mitsui & Co to develop and grow their respective food and retail solutions businesses. A new wholly owned subsidiary has been established as a holding vehicle through which the two will jointly pursue potential food solutions-related investments, the airport-services provider said in a bourse filing on Thursday…
Read MoreProposed Allianz-Income deal will push German financial giant to top five insurers in Singapore
THE proposed offer from Allianz to acquire a majority stake in Income Insurance is likely to cement its position as the top general insurer in Singapore, a high-growth insurance market in the Asia-Pacific (Apac) region, said industry observers. Some also noted that the local insurance market may see some consolidation, given the strong interest…
Read MoreLVMH names third Tag Heuer CEO in a year in latest shakeup
LVMH named its third chief executive officer of watch brand Tag Heuer in just a year in the latest management shakeup for the division that’s now led by the son of the luxury empire’s founder, Bernard Arnault. Tag Heuer, the motor sports racing-inspired brand, said Bulgari’s head of watches Antoine Pin will take over in…
Read MoreHong Kong fund’s Fancl stake portends challenge to Kirin bid
INVESTORS are betting that Kirin Holdings will need to raise its offer price for Fancl to complete a proposed takeover, as concerns among shareholders that it’s undervaluing the Japanese skincare brand spill into the open. MY.Alpha Management HK Advisors disclosed a surprise 5.1 per cent stake in Fancl this week, a move seen as…
Read More👷 Constructing your first investment portfolio (examples included)
🧢 Recap Before we jump into examples, here’s a recap of what investment portfolios are all about: A portfolio is a collection of valuable assets you own for investing These assets can include stocks, bonds, investment funds, property or even rare Pokémon cards Constructing a portfolio is about deciding how you want to allocate your…
Read MoreKeppel inks MOU with Sojitz to pursue clean energy business ventures in Asia-Pacific
GLOBAL asset manager Keppel, through its infrastructure division, on Thursday (Jul 18) signed a memorandum of understanding (MOU) with Tokyo-based investment and general trading company Sojitz, to pursue decarbonisation and clean energy business opportunities in the Asia-Pacific. Both companies will identify and develop projects in bioenergy and resource recovery, as well as invest in and…
Read MoreHot stock: F&N soars 22% on ThaiBev share-swap deal; ThaiBev, Frasers Prop climb
COUNTERS of Fraser and Neave (F&N), Thai Beverage (ThaiBev) and Frasers Property climbed on Thursday (Jul 18), after ThaiBev proposed a share swap deal that will see it become a pure-play food and beverage company. At the opening bell, F&N shares had jumped 15 per cent from yesterday’s close of S$1.07 to S$1.23. It peaked…
Read MoreEV sales growth stalls in Europe
EUROPE is supposed to fully switch to electric vehicles (EVs) in little over a decade but sales growth of the climate-friendly vehicles stalled in the first half of the year, data showed on Thursday (Jul 18). Instead, data from the European Automobile Manufacturers’ Association (Acea) showed that the modest 4.4 per cent overall growth in…
Read MoreAsia: Markets drop with Wall Street as Biden sparks fresh chip fears
ASIAN markets sank with Wall Street on Thursday (Jul 18) after a warning from the White House that it would target firms supplying China with key semiconductor technology, and Donald Trump’s comments on crucial chip supplier Taiwan. The US dollar remained subdued following its latest retreat caused by growing expectations that the Federal Reserve will…
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