Posts by Yurie Miyazawa
Singapore shares open higher on Monday; STI up 0.1%
SINGAPORE stocks began trading in positive territory on Monday (Jun 10), even as global markets ended lower last week. As at 9.01 am, the Straits Times Index (STI) opened 0.1 per cent or 1.86 points higher at 3,332.63. Across the broader market, losers outnumbered gainers 59 to 54 after 57.8 million securities worth S$65.4 million…
Read MoreStocks to watch: SingPost, Sabana Reit, Q&M Dental
THE following companies saw new developments that may affect trading of their securities on Monday (Jun 10): Singapore Post (SingPost) : S08 0%: The subsidiary of Chinese e-commerce giant Alibaba Group, Alibaba Investment, sold 72.5 million shares in SingPost for S$33.3 million on Friday. The shares were transacted at about S$0.46 apiece. The e-commerce giant…
Read MoreShein may not qualify for FTSE 100 inclusion, Times reports
SHEIN may not qualify for inclusion on the FTSE 100 Index even as the online retailer gears up for an initial public offering (IPO) that could be one of the largest ever in the UK, The Times reported. The number of shares being sold by Shein will not meet the minimum requirement for inclusion on…
Read MoreStable teams could become greater differentiator in private markets
RAPID growth in private markets could put pressure on a long-debated due diligence factor – team stability – and may even become a differentiating factor for general partners (GPs) or fund managers. There is some evidence that turnover in a private equity fund manager’s team is associated with positive performance, but many investors told The…
Read MoreBaltic Exchange Shipping Insights
Capesize THE week concluded on a quiet yet optimistic note, with the BCI 5TC experiencing a slight increase of $178, reaching $24,867. Cargo volumes have remained stable in the Pacific, where trading activity gradually increased, culminating in a significant rise midweek. The C5 index saw incremental gains throughout the week, ending at $11.245. In the…
Read MoreGreenback bounces as strong jobs report likely delays Fed easing this year
THE US dollar rebounded on Friday (Jun 7) after data showed that the economy created a lot more jobs than expected last month, suggesting that the Federal Reserve could take time in starting its easing cycle this year. The dollar index rose 0.8 per cent to 104.91, its best daily gain since Apr 10. For…
Read MoreSaudi Aramco shares trade higher after share offering
Saudi Aramco’s shares gained on Sunday (Jun 9), the first trading day after a secondary share offering expected to raise at least US$11.2 billion. The shares opened at 27.95 riyals a share, after closing the previous session on Thursday at 28.3 riyals, but climbed to 28.35 riyals by 0730 GMT. The secondary share sale’s final…
Read MoreSaudi Aramco shares trade higher after share offering
Saudi Aramco’s shares gained on Sunday (Jun 9), the first trading day after a secondary share offering expected to raise at least US$11.2 billion. The shares opened at 27.95 riyals a share, after closing the previous session on Thursday at 28.3 riyals, but climbed to 28.35 riyals by 0730 GMT. The secondary share sale’s final…
Read MoreNvidia hitting US$3t propels Jensen Huang’s wealth above Michael Dell’s
Nvidia’s Jensen Huang has steadily climbed the ranks of the world’s wealthiest as the market value of his computer-chip maker touches $3 trillion. Huang hit another milestone on Friday (Jun 7), passing personal computer pioneer Michael Dell to become the world’s 13th-richest person with a net worth of US$106.1 billion, according to the Bloomberg Billionaires…
Read MoreNvidia hitting US$3 trillion propels Jensen Huang’s wealth above Michael Dell’s
Nvidia’s Jensen Huang has steadily climbed the ranks of the world’s wealthiest as the market value of his computer-chip maker touches US$3 trillion. Huang hit another milestone on Friday (Jun 7), passing personal computer pioneer Michael Dell to become the world’s 13th-richest person with a net worth of US$106.1 billion, according to the Bloomberg Billionaires…
Read More