Posts by Stephanie Irvin
Korean stocks rise to enter bull market, bonds sink after vote
[SEOUL] South Korea’s equity benchmark climbed to enter a bull market, after Lee Jae-myung’s widely-expected win in the presidential election ended a months-long political leadership vacuum. The Kospi Index ended 2.7 per cent higher on Wednesday (Jun 4), taking its gain from the April low to more than 20 per cent as investors piled into…
Read MoreSingapore Paincare worth up to S$0.37 a share, more than double its privatisation offer: Sias
[SINGAPORE] The Securities Investors Association (Singapore), or Sias, is urging minority shareholders of Singapore Paincare to hold off on selling their shares amid the proposed privatisation deal. In a statement released on Wednesday (Jun 4), Sias noted that the company could be worth up to S$0.37 per share, which is more than double its…
Read MoreChina considers ordering hundreds of Airbus jets in major deal
[HONG KONG] China is considering placing an order for hundreds of Airbus aircraft as soon as next month, when European leaders visit Beijing to celebrate the countries’ long-term ties, according to sources familiar with the matter. Deliberations are underway with Chinese airlines about the size of a potential order, said the sources, who asked not…
Read MoreMore Chinese corporates eyeing deals in Asean, secondary listings on SGX
[SINGAPORE] Chinese corporates are increasingly looking for deals in South-east Asia amid rising uncertainty from US trade policies, said Jason Saw, head of investment banking at CGS International. Saw expects CGSI will see eight to 10 major deals in the coming months, in its four key markets in Malaysia, Indonesia, Singapore and Thailand, with many…
Read MorePing An Insurance raises US$1.5 billion from convertible bonds
[HONG KONG] Ping An Insurance (Group) of China has sold HK$11.8 billion (S$1.9 billion) in bonds that can be converted into shares listed in Hong Kong, marking the insurance giant’s second such offering in under a year. The convertible bonds carry a zero coupon and are due in 2030, according to a company filing in…
Read MoreGlobal carriers pile on India capacity as US-Europe traffic drops
[LONDON] The skies above India are about to get a lot busier as international carriers add more routes to the world’s most-populated nation to make up for tepid transatlantic demand that’s come under pressure from global economic uncertainties. Foreign airlines and the biggest Indian operators announced a range of plans at the International Air Transport…
Read MoreVirgin Australia returns to stock market with launch of A$685 million IPO
[SYDNEY] Virgin Australia is set to return to the stock market after a five-year absence, with the Bain Capital-owned airline launching a A$685 million (S$572 million) initial public offering on Wednesday (Jun 4) amid a rebound in domestic tourism. The offering, Australia’s largest for the year so far, will see Bain’s stake drop to 39.4…
Read MoreNio records US$949.6 million net loss for Q1
[SINGAPORE] Chinese electric vehicle maker Nio posted a net loss of US$949.6 million for its first quarter of 2025 ended March, representing a 31.1 per cent increase from the year-ago period and a 3.4 per cent decrease from the previous quarter. This comes despite the group recording higher total revenue for the quarter, at US$1,658.4…
Read MoreStoneweg E-Reit announces strategic stapling to form stapled trust
On completion of the proposed stapling, the stapled entity will be named ‘Stoneweg Europe Stapled Trust’ or Sert for short [SINGAPORE] The manager of Stoneweg European Real Estate Investment Trust (Stoneweg E-Reit) on Wednesday (Jun 4) announced that the Reit will be converted into a stapled group. Each unit of Stoneweg E-Reit will be stapled…
Read MoreUS steel, aluminium tariff hikes to take effect on Wednesday: White House
[WASHINGTON] The United States will double its tariffs on imported steel and aluminium starting on Wednesday, according to the White House, as it published an order signed by President Donald Trump. The move marks a latest salvo in Trump’s trade wars, bringing levies on both metals from 25 per cent to 50 per cent. But…
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