Posts by Yurie Miyazawa
Musk’s SpaceX preparing to launch tender offer in Dec at US$135/share: sources
Elon Musk’s SpaceX is preparing to launch a tender offer in December to sell existing shares at a price of US$135 per share, two sources familiar with the matter said. The tender offer would value SpaceX at more than US$250 billion, according to the sources. SpaceX did not immediately respond to a Reuters request for…
Read MoreHanwha’s voluntary conditional cash offer for Dyna-Mac turns unconditional in all respects
This comes after the Competition and Consumer Commission of Singapore gives go ahead THE voluntary conditional cash offer made by Hanwha Ocean SG Holdings to acquire all the shares of Dyna-Mac has been declared unconditional in all respects, following the satisfaction of the merger control condition. In a bourse filing on Friday (Nov 15), UOB,…
Read MoreChina’s Alibaba misses quarterly revenue estimates
ALIBABA Group Holding missed analysts’ estimates for quarterly sales on Friday (Nov 15), as lingering economic uncertainty sapped consumer spending in China and weighed on the e-commerce giant’s domestic business. Chinese consumers have sharply cut back on spending, especially on discretionary items, as the world’s second largest economy struggles to pick up pace amid a…
Read MoreIndonesia intervenes as rupiah nears 16,000 per dollar level
INDONESIA’S central bank intervened in currency markets to support the rupiah after it weakened towards the psychological level of 16,000 per US dollar. Bank Indonesia is intervening in the spot currency, domestic non-deliverable forwards and the government bond market to support the rupiah, executive director for Monetary and Asset Securities Management Edi Susianto said…
Read MoreSingapore stocks extend gains on Friday; STI up 0.2%
Across the broader market, 319 losers beat 254 gainers, with 1.2 billion securities worth S$1.3 billion changing hands SINGAPORE equities finished Friday (Nov 15) higher, extending two days of gains. The benchmark Straits Times Index (STI) climbed 0.2 per cent or 6.54 points to 3,744.7. Across the broader market, 319 losers beat 254 gainers, with…
Read MoreIron ore slumps on China property concerns, firmer supply
IRON ore futures declined to their lowest level in nearly two months on Friday (Nov 15) and fell for the week, weighed down by weakness in China’s property sector, stronger supply, and prospects of reduced seasonal steel demand. The most-traded January iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade 3.09 per…
Read MoreGoodwill Entertainment makes trading debut at S$0.21, 5% above IPO price
IPO proceeds will go towards expanding the business regionally and globally, among other uses KARAOKE operator Goodwill Entertainment commenced trading on the Catalist board on Friday (Nov 15). It opened at S$0.21 or 5 per cent above its initial public offering (IPO) price of S$0.20 a share. As at 9.10 am, Goodwill Entertainment is…
Read MoreCordlife posts S$1.6 million Q3 net loss on revenue decline
CORDLIFE remained in the red for the third quarter ended September 2024, after having fallen into a net loss position for the first half of the fiscal year. On Thursday (Nov 15), the embattled cord-blood bank reported a S$1.6 million Q3 net loss, from a net profit of S$1.4 million in Q3 FY2023. Revenue fell…
Read MoreStocks to watch: CapitaLand Ascendas Reit, Golden-Agri, ComfortDelGro, Prime US Reit, Cordlife
THE following companies saw new developments that may affect trading of their securities on Friday (Nov 15): CapitaLand Ascendas Reit: (Clar): Its manager on Friday said the real estate investment trust (Reit) will acquire a parcel of land in the US that will be developed into a new logistics property at an estimated investment cost…
Read MoreNissan faces record debt bill with 1 year left to fix finances
Nissan Motor will have a year of breathing space in 2025 before hitting a record bond maturity wall as concerns mount about its ability to generate cash. The automaker and its group firms have about US$1.6 billion of debt due next year, a slight decrease from 2024, but that figure will jump to around US$5.6…
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