Posts by Stephanie Irvin
China’s CATL set to price shares at HK$263 each in US$4.6 billion Hong Kong listing: sources
[SYDNEY] Chinese battery maker CATL is set to price its shares at HK$263 each and increase the size of the company’s Hong Kong listing, according to two sources with direct knowledge of the matter, raising about US$4.6 billion. It would be the largest listing globally in 2025, according to LSEG data. Prospective investors have been…
Read MoreVenture Corporation’s net profit falls 7% to S$55.9m in Q1 2025
[SINGAPORE] Technology solutions provider Venture Corporation reported a 7 per cent decline in net profit to S$55.9 million in the first quarter of 2025, from S$60.1 million in the year-ago period. Revenue fell 7.5 per cent to S$616.6 million, from S$666.7 million in the corresponding period a year ago. Group revenue declined largely due to…
Read MoreEC World Reit’s Q1 net property income more than halves to S$10.8 million as it looks to sell more assets to repay debt
[SINGAPORE] EC World Real Estate Investment Trust’s (Reit) net property income for the first quarter of 2025 more than halved to S$10.8 million, from S$23.3 million in the same period last year. Revenue was down 49.9 per cent to S$12.7 million from S$25.3 million year on year, the Reit manager said on Wednesday (May 14).…
Read MoreSingapore equities slide on Wednesday; STI declines 0.3%
Across the broader market, gainers beat losers 279 to 229, as 1.1 billion securities worth S$1.3 billion change hands [SINGAPORE] Local stocks finished lower on Wednesday (May 14), as investors took stock of the United States and China trade chatter. The benchmark Straits Times Index (STI) declined 0.3 per cent or 10 points to 3,871.05.…
Read MoreFractional platform RealVantage ties up with ESR to invest US$55 million in South Korean logistics facility
[SINGAPORE] Real estate co-investment platform RealVantage has partnered ESR Group’s South Korean arm, ESR Kendall Square, to invest US$55 million (S$71.3 million) in the development of a last-mile logistics centre in Icheon, South Korea. This is the platform’s maiden entry into the South Korean market, and its largest investment to date, said RealVantage in a…
Read MoreJulius Baer to pay 4.4 million Swiss francs after Swiss money laundering probe
The bank has been under investigation over transactions that had occurred between 2009 and 2019 and linked to operations in Monaco and Singapore Published Wed, May 14, 2025 · 03:50 PM [ZURICH] Julius Baer Group has been ordered to hand over 4.4 million Swiss francs (S$6.8 million) including profits that may have been earned unlawfully,…
Read MoreTesla to resume shipping Chinese parts for Cybercab, Semi production in the US: source
[SHANGHAI] Tesla plans to start shipping components from China to the US for the production of Cybercab and Semi trucks from the end of this month, after the US and China reached a truce over tariffs, said a source with direct knowledge. The move, being reported by Reuters for the first time, illustrates how the…
Read MoreGXS Bank CEO to retire, GX Bank CEO to take over
[SINGAPORE] GXS Bank has announced that chief executive Muthukrishnan Ramaswami will be retiring on May 31. His successor will be Lai Pei-Si, CEO of GX Bank, the Malaysian arm of GXS, it said on Wednesday (May 14). Lai will take over as GXS CEO on Jun 1, with GX Bank deputy CEO Kaushik Chowdhury taking…
Read MoreCariflex launches US$350 million polyisoprene plant in Singapore, the world’s biggest
[SINGAPORE] Synthetic rubber latex maker Cariflex has officially inaugurated its new plant in Singapore, furthering its supply-chain resilience and market penetration in South-east Asia. The region, which contributes over 75 per cent sales of Cariflex’s overall latex products, is a key growth market given its high concentration of natural rubber companies, which are potentially future…
Read MoreSembcorp’s renewables business could power earnings upside; Goldman Sachs rates stock a ‘buy’
[SINGAPORE] Goldman Sachs has initiated coverage of energy and urban solutions provider Sembcorp Industries with a “buy” recommendation and a target price of S$8.40 on the back of its “solid business model”. The target price implies a potential upside of 27.9 per cent from Sembcorp’s closing price of S$6.57 on Tuesday (May 13). In a…
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