Posts by Yurie Miyazawa
AEM raises H1 FY2025 revenue guidance to up to S$195 million on pull-in of customer orders
It will provide guidance for the second half of the year when it reports its earnings on Aug 13 [SINGAPORE] Semiconductor test solutions provider AEM has raised its revenue guidance for the first half of the financial year ending Jun 30 to between S$185 million and S$195 million, up from an earlier range of S$155…
Read MoreGold inches higher as dollar softens, focus shifts to US economic data
Markets are awaiting US GDP data due later in the day and Personal Consumption Expenditures data on Friday Published Thu, Jun 26, 2025 · 09:26 AM [BENGALURU] Gold prices nudged higher on Thursday (Jun 26), supported by a softer US dollar, as investors looked ahead to upcoming US economic data for hints on the Federal…
Read MoreFoxconn nears deal to supply electric buses to Mitsubishi Fuso: report
The Japanese commercial automaker and Taiwanese chipmaker are looking to create a new company to oversee the buses, according to the report Published Thu, Jun 26, 2025 · 08:46 AM [BENGALURU] Foxconn is nearing a deal to supply electric buses to Japanese commercial automaker Mitsubishi Fuso Truck and Bus, Japan’s Nikkei newspaper reported on Thursday…
Read MoreStocks to watch: SIA, Sembcorp, Keppel, Cordlife, CapitaLand India Trust, Civmec, ASL Marine
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Jun 26): Singapore Airlines (SIA): The national carrier announced in its annual report on Wednesday that it paid its chief executive Goh Choon Phong S$7 million in remuneration for the latest financial year ended Mar 31. This a 13.5 per…
Read MoreChina’s Xiaomi to launch first SUV as shares near record high
[HONG KONG] The unveiling of Xiaomi’s first electric SUV on Thursday (Jun 26) will showcase how the Chinese tech company has become an investor darling with its high-stakes bet on the auto market. Shares of the firm founded by billionaire Lei Jun are within striking distance of a fresh record in Hong Kong after a…
Read MoreSingPost halves sacked CEO Vincent Phang’s pay to S$616,400
[SINGAPORE] Former Singapore Post (SingPost) group chief executive Vincent Phang, who was dismissed over the mishandling of a whistleblower complaint, received S$616,400 in remuneration for the financial year ended Mar 31. According to SingPost’s latest annual report released on Tuesday (Jun 24), the payout comprised S$570,600 in fixed salary, S$10,500 in provident fund contributions, and…
Read MoreMicron forecasts revenue above estimates on AI-driven memory chip demand
Published Thu, Jun 26, 2025 · 06:43 AM [SAN FRANCISCO] Micron Technology forecast fourth-quarter revenue above Wall Street estimates on Wednesday (Jun 25), betting on robust demand for its memory chips used for artificial intelligence (AI) hardware in data centres. Shares of the memory chipmaker rose 4.3 per cent in extended trading. Micron said third-quarter…
Read MoreBillionaire Richard Li’s FWD Group seeks to raise HK$3.47 billion in Hong Kong IPO
Published Thu, Jun 26, 2025 · 06:38 AM INSURER FWD Group, backed by billionaire Richard Li, is looking to raise HK$3.47 billion (S$565.3 million) through a Hong Kong initial public offering, according to a regulatory filing on Thursday. The pan-Asian insurer is offering 91.3 million offer shares in total at an offer price of HK$38.00…
Read MoreOil rebounds on signs of strong US demand
[NEW YORK] Oil prices rose nearly 1 per cent on Wednesday, recovering from a sharp slide early this week, as data showed relatively strong US demand, and as investors assessed the stability of a ceasefire between Iran and Israel. Brent crude futures settled 54 cents higher, or 0.8 per cent, at US$67.68 a barrel, while US West…
Read MoreTSMC unit to issue US$10 billion of stock to counter forex swings
The moves grant TSMC Global more capital flexibility in managing exchange rate risks Published Wed, Jun 25, 2025 · 07:14 PM [TAIPEI] Taiwan Semiconductor Manufacturing Co’s overseas unit is set to issue US$10 billion worth of new stock to shore up its forex hedging operations, making its biggest such move to counter a volatile local…
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