Posts by Stephanie Irvin
Apple supplier Lens Technology seeks up to HK$4.8 billion in Hong Kong listing
The Shenzhen-listed company expects the shares to start trading in Hong Kong on Jul 9 Published Mon, Jun 30, 2025 · 08:28 AM [HONG KONG] Lens Technology, a supplier to Apple, is seeking to raise as much as HK$4.8 billion (S$780 million) in a Hong Kong listing, the latest Chinese company to seek a second…
Read MoreChina fund beats 97% of peers by buying Pop Mart, dumping Moutai
[HONG KONG] A 30-year-old Chinese fund manager is trouncing peers this year with a portfolio stocked with Gen Z-favoured names such as Pop Mart International Group, betting that new-age shopping trends can help his fund overcome the country’s economic sluggishness. Xie Tianyuan’s Penghua Selected Return Flexible Allocation Mixed Fund has returned 24 per cent this…
Read MoreChina fund beats 97% of peers by buying Pop Mart, dumping Moutai
[HONG KONG] A 30-year-old Chinese fund manager is trouncing peers this year with a portfolio stocked with Gen Z-favoured names such as Pop Mart International Group, betting that new-age shopping trends can help his fund overcome the country’s economic sluggishness. Xie Tianyuan’s Penghua Selected Return Flexible Allocation Mixed Fund has returned 24 per cent this…
Read MoreAustralia cuts commodity export outlook despite gold price gain
Earnings from thermal coal will also decline, while its steelmaking counterpart will hold steady Published Mon, Jun 30, 2025 · 06:30 AM [MELBOURNE] Australia cut its forecast earnings from commodity exports, as a meteoric rise in gold prices fails to offset weakness in iron ore and natural gas. Total resource and energy export earnings fell…
Read MoreNvidia insiders sell over US$1 billion in stock amid market surge
The chipmaker’s stock hit a record on Jun 25, and it reclaimed the crown as the world’s most valuable company Published Sun, Jun 29, 2025 · 04:08 PM NVIDIA insiders sold over US$1 billion worth of company stock in the past year, with a notable uptick in recent trading activity as executives capitalise on surging…
Read MoreReits and tech lead net institutional inflows; Frencken chair and DHLT CEO raise their stakes
[SINGAPORE] Over the five trading sessions from Jun 20 to 26, institutions remained net sellers of Singapore stocks, with net institutional outflow of S$248 million following the S$74 million net outflow for the preceding five sessions. Net institutional outflow for the year to Jun 26 now stands at S$2.16 billion, driven by S$2.73 billion of…
Read MoreBest performing S-Reits post double-digit total returns in H1
[SINGAPORE] The S-Reit sector delivered a stable performance in the first half of 2025, with the iEdge S-Reit index gaining 0.6 per cent to 1,010.73 as at Thursday (Jun 26), and dividends taking the index total returns to 3.2 per cent for the period. More than half the 30 constituents on the iEdge S-Reit index…
Read MoreOpenAI turns to Google’s AI chips to power its products: source
Published Sun, Jun 29, 2025 · 08:00 AM [SAN FRANCISCO] OpenAI recently began renting Google’s artificial intelligence (AI) chips to power ChatGPT and its other products, a source close to the matter told Reuters on Friday (Jun 27). The ChatGPT maker is one of the largest purchasers of Nvidia’s graphics processing units (GPUs), using the…
Read MoreHong Kong-listed China Medical System seeks secondary listing on SGX
[SINGAPORE] Hong Kong-listed China Medical System (CMS) is seeking a secondary listing on the mainboard of the Singapore Exchange (SGX) in July this year. CMS is a specialty pharma with a focus on sales and marketing in China, with capabilities across the full lifecycle of drug development, from identifying clinical needs to research and development…
Read MoreHong Kong’s sixfold jump in share sales drives boom year in Asia
[HONG KONG] Hong Kong’s having a banner year as it marches towards becoming the second-largest market globally for share sales for the first time since 2012. Proceeds from listings and additional share sales in the Asian financial hub in the first half have reached about US$33 billion, poised for a sixfold jump from a year…
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