Posts by Mark Darwin
Japfa to delist from SGX on June 6
The agri-food company said privatisation would provide the offerors and management with greater flexibility to manage and grow the existing business [SINGAPORE] The agri-food company Japfa will be delisted from the official list of the Singapore Exchange (SGX) with effect from Friday, Jun 6, 2025, 9 am. This is earlier than the previous expected delisting…
Read MoreStocks to watch: CapitaLand Investment, Nio, Japfa, Stoneweg E-Reit, Grand Venture, Frencken
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Jun 4). CapitaLand Investment (CLI): The manger of CapitaLand Malaysia Trust (CLMT), a CLI subsidiary, on Tuesday proposed a placement of up to 435.4 million new units to raise gross cash proceeds of up to RM 250 million (S$75.8…
Read MoreGlobal alarms rise as China’s critical mineral export ban takes hold
[WASHINGTON] Alarm over China’s stranglehold on critical minerals grew on Tuesday (Jun 3) as global automakers joined their US counterparts to complain that restrictions by China on exports of rare earth alloys, mixtures and magnets could cause production delays and outages without a quick solution. German automakers became the latest to warn that China’s export…
Read MoreTrump signs order hiking steel, aluminium tariffs to 50%
[WASHINGTON] US President Donald Trump signed a directive on Tuesday (Jun 3) raising steel and aluminium tariffs to 50 per cent from 25 per cent starting on Jun 4, following through on a pledge to boost import taxes to help domestic manufacturers. Trump cast the move, which takes effect at 12.01 am Wednesday as necessary…
Read MoreHPE posts strong revenue growth, sees reduced tariff impact
[NEW YORK] Hewlett Packard Enterprise (HPE) reported quarterly revenue that topped estimates and said it expects a reduced impact from tariffs on its business this year. Sales increased 6 per cent to US$7.63 billion in the fiscal second quarter, the Texas-based company said on Tuesday (Jun 3). Profit, excluding some items, was 38 US cents…
Read MoreSemiconductor manufacturer Frencken to build new S$63 million plant in Kaki Bukit
[SINGAPORE] Semiconductor maker Frencken will invest S$63 million to build a new and larger five-storey manufacturing facility in Kaki Bukit. The new site will be built on a plot of land leased from Jurong Town Corporation (JTC) to its subsidiary ETLA for a period of 33 years, from Aug 18, 2025, the group said in…
Read MoreTemasek’s Mapletree Investments returns to profit, hits record AUM of S$80.3 billion in FY2025
[SINGAPORE] Temasek’s Mapletree Investments reversed a loss from the previous year to turn a profit of S$227.2 million for the full-year ended Mar 31, on the back of narrowed overall revaluation losses. This was while its assets under management (AUM) hit a record S$80.3 billion, 3.6 per cent higher than S$77.5 billion reported in the…
Read MoreAsean power grid could unlock 25 GW of renewable capacity, lowering Singapore’s electricity costs: Rystad Energy
[SINGAPORE] A regional power grid that allows for electricity trade between Asean nations, if fully realised, could unlock projects that can deliver up to 25 gigawatts (GW) of renewable power and energy storage, based on research by Rystad Energy. The projects, spanning hydropower, solar and offshore wind, would be worth more than US$40 billion in…
Read MoreSingapore stocks climb on the prospects of Trump-Xi talks this week; STI up 0.1%
Gainers beat losers 313 to 192 with 1.1 billion securities worth S$1.3 billion changing hands [SINGAPORE] Local stocks ended Tuesday (Jun 3) higher as investors anticipated possible trade talks between China and the United States, with the confirmation that tariffs on some Chinese goods will be extended till Aug 31. The benchmark Straits Times Index…
Read MoreHong Leong-led consortium secures S$692 million green loan from DBS, OCBC for Tengah’s first private mixed-use project
[SINGAPORE] A consortium led by Hong Leong Holdings has secured a S$692 million green loan to finance the development of Tengah’s first nature-centric private mixed-use residential project. DBS, the anchor lender and sole green advisor for the deal, will contribute S$484 million to the green loan, the bank said on Tuesday (Jun 3). OCBC will…
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