Posts by Mark Darwin
Brokers’ take: Analysts raise Sats price targets after strong earnings performance
DBS Group Research and OCBC Investment Research have lifted their target prices for Sats : S58 0% after the in-flight caterer and ground handler last week posted a jump of more than 10 times in profit for the half-year ended Mar 31. Both research houses continue to rate the stock at “buy”. On Tuesday (Jun…
Read MoreTikTok fails ‘disinformation test’ before EU vote, study shows
WILDLY popular social network TikTok approved adverts containing political disinformation ahead of European polls, a report showed on Tuesday (May 4), flouting its own guidelines and raising questions about its ability to detect election falsehoods. International campaign group Global Witness created 16 ads targeting Irish audiences with false information about this week’s European Union elections…
Read MoreRoaring Kitty’s Reddit post on GameStop signals a US$289 million paper fortune
IT WAS just a screenshot of a portfolio, posted without comment on Sunday (Jun 2) on Reddit by an account associated with Keith Gill. But if the unverified image in fact reflects his actual holdings, it showed the man who goes by the monikers DeepF–ingValue and Roaring Kitty was worth US$289 million on Monday. …
Read MoreStocks to watch: CapitaLand Ascott Trust, iFast, Sabana Reit
THE following companies saw new developments that may affect trading of their securities on Tuesday (Jun 4): CapitaLand Ascott Trust : HMN 0% (Clas): The stapled group has acquired a remaining 10 per cent stake in a 678-bed freehold student accommodation property in South Carolina. On Tuesday, its managers said they expect the acquisition to…
Read MoreBoeing 737 deliveries to China still halted amid restart reports
BOEING said its jet deliveries to China remain halted as regulators there scrutinise the design of a new, 25-hour cockpit voice recorder used in aircraft including the 737 Max and 787 Dreamliner. The planemaker provided a statement clarifying the status of its aircraft exports to China after Shenzhen TV reported that jet deliveries had resumed,…
Read MoreEuropean shares kick-off June on a high note in anticipation of ECB rate cut
EUROPEAN shares rose for the third straight session on Monday (Jun 3), led by bond-proxy sectors, as investors looked to a near certain interest rate cut from the European Central Bank (ECB) later this week. The pan-European Stoxx 600 ended 0.3 per cent higher on the first session of June, with Spanish and Italian stocks…
Read MoreWhy energy will power this bull market higher
ARE energy stocks losing power? DESPITE the sector’s early spring surge, bears deem energy stocks’ mojo as a now-fading head fake – fuelled only briefly by Opec+ cuts and Middle East war escalation fears. Wrong! Deeper fundamentals underpin the sector’s strength and will keep it powered up through 2024. Here is why energy is…
Read MoreiFast prices S$100 million notes due 2029 at 4.328%
DIGITAL banking and wealth management platform iFast Corporation : AIY 0% has priced its inaugural issue of S$100 million of fixed-rate notes to be issued under its S$300 million multi-currency debt issuance programme established on May 29. The Series 001 Notes are expected to be issued on Jun 11, in denominations of S$10,000 and integral…
Read MoreNYSE Equities investigating technical issue regarding LULD bands
NYSE Equities said on Monday (Jun 3) it was currently investigating a reported technical issue regarding Limit Up-Limit Down (LULD) bands, sending dozens of stocks listed on the exchange into volatility pauses. The LULD mechanism is meant to prevent trades in securities from occurring outside of price bands. The bands are set at a percentage…
Read MoreSabana Reit EGM will not proceed: manager
THE manager of Sabana Industrial Real Estate Investment Trust (Sabana Reit) will not be issuing a notice of the postponed extraordinary general meeting (EGM) further to the requisition notice, it announced on Monday (Jun 3). The manager said that the requisitionists “are proposing entirely new and different resolutions”, despite their request in an earlier letter…
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