Posts by Yurie Miyazawa
Dyna-Mac to delist after close of exit offer
OFFSHORE oil-and-gas contractor Dyna-Mac will delist from the mainboard of the Singapore Exchange (SGX), following the close of offeror Hanwha Ocean SG’s voluntary unconditional cash offer on Wednesday (Nov 20). The company will delist after Hanwha Ocean SG – a special purpose vehicle owned by South Korean public companies Hanwha Aerospace and Hanwha Ocean –…
Read MoreStocks to watch: CLI, Keppel DC Reit, Koh Brothers Eco, Frencken, GuocoLand
THE following companies saw new developments that may affect trading of their securities on Wednesday (Nov 20): CapitaLand Investment (CLI): The real asset manager is buying a 40 per cent stake in Singapore-headquartered real estate investment manager, SC Capital Partners, for S$280 million. CLI on Wednesday said it intends to acquire the remaining 60 interest…
Read MoreShareholders can gain from DBS buying back shares, even at record prices
Shareholders benefit when companies actively manage capital, whether through dividends or share buybacks CALL me agnostic. I am happy to receive extra cash, be it from my employer, the government or a company whose shares I hold. Like many retail shareholders, I welcome listed groups rewarding shareholders with higher dividends on the back of business…
Read MoreBankers need grit to navigate the shifting energy landscape: DBS’ Kelvin Wong
Industry players are increasingly concerned about storage and grid capacities, says the lender’s head of energy, renewables and infrastructure HAVING grit and being curious about emerging trends in the world can help banks navigate the ever-changing energy landscape, said Kelvin Wong, DBS’ managing director and head of energy, renewables and infrastructure. Over the years, he…
Read MoreUS semiconductor firm launches initiative in Singapore for power-efficient AI data centres
APPLIED Materials, the largest US maker of chip-manufacturing equipment, launched an initiative to bring together firms from across the semiconductor industry in Singapore to accelerate technologies for energy-efficient computing. The initiative – named Equipment and Process Innovation and Commercialisation (Epic) Advanced Packaging Platform – will encourage alliances between equipment makers, material providers, device companies and…
Read MoreHennessy staff strike over plans to bottle cognac in China
AROUND 500 staff at Hennessy, the cognac manufacturer owned by French luxury giant LVMH, went on strike on Tuesday (Nov 19) to protest plans to bottle the brandy in China to avoid tariffs, a union representative said. Beijing imposed duties of more than 30 per cent on imports of bottled brandy from the European Union…
Read MoreCryptoverse: ‘Elation’ as Bitcoin basks in Trump glow
JOE McCann was sitting in his Miami condo, eyes glued to screens flashing with Bitcoin trades as the American election results rolled in. “When the first polls closed, we started to see massive US buying and it just hasn’t stopped since,” said McCann, founder of crypto-focused hedge fund Asymmetric. “The sentiment in the crypto community…
Read MoreUS$3 billion raised by S-E Asia IPOs is lowest in almost a decade: Deloitte
But regional outlook for 2025 remains rosy as expected interest rate cuts could create a more favourable environment for listings SOUTH-EAST Asia’s initial public offering (IPO) market has raised a total capital of around US$3 billion as 122 companies went public in the period from Jan 1 to Nov 15, 2024. This is the lowest…
Read MoreSingapore stocks rise as falling Treasury yields lift global equities; STI up 0.7%
SINGAPORE stocks rose on Tuesday (Nov 19) as Asian indices closed higher and lower US yields boosted emerging markets and commodities. The Straits Times Index (STI) rose 0.7 per cent or 25.42 points to 3,757.97. Across the broader market, gainers outnumbered losers 297 to 214, with 1.3 billion securities worth S$1.4 billion traded. Key regional…
Read MoreChina tells local funds to stop buying LGFV bonds via Hong Kong link
CHINA has effectively banned domestic investors from buying offshore yuan bonds issued by local government financing vehicles through its trading link with Hong Kong, according to people familiar with the matter, in the latest move to contain risks from the debt-laden sector. The People’s Bank of China has asked the country’s brokerages and banks to…
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