Posts by Yurie Miyazawa
Hong Kong launches new measures to attract more tech, bio listings
Hong Kong is the main destination for mainland Chinese firms looking to raise capital offshore Published Tue, May 6, 2025 · 07:11 PM [HONG KONG] Hong Kong launched a scheme on Tuesday (May 6) to offer smoother listings for tech companies on its stock exchange, as it looks to capitalise on Chinese companies’ growing appetite…
Read MoreLamborghini quarterly revenue up 29.6% as hybrid models boost deliveries
Published Tue, May 6, 2025 · 05:27 PM [ROME] Italian luxury sports carmaker Lamborghini reported on Tuesday a 29.6 per cent jump in revenue to 895.2 million euros (S$1.3 billion), driven by strong global demand for its new hybrid models, the Revuelto and Urus SE, despite the complex global scenario. Lamborghini, part of Germany’s Volkswagen…
Read MoreHong Kong’s freight forwarding industry hit by trade war, SCMP reports
Published Tue, May 6, 2025 · 12:04 PM [HONG KONG] Hong Kong’s freight forwarding industry is reeling from the US-China trade war with 41 per cent of container capacity from the city to North America’s west coast cancelled for the week starting May 12, the South China Morning Post reported. Hong Kong, a global shipping…
Read MorePalantir sales forecast falls short of Wall Street’s hopes
[SAN FRANCISCO] Palantir Technologies dropped more than 8 per cent in late trading on Monday (May 5) after its results failed to live up to investors’ loftiest expectations for a company whose stock has led the S&P 500 in gains this year. The company described the rising demand for artificial intelligence (AI) software as a…
Read MoreTencent can access one million carbon credits through GenZero partnership
The companies will continue to invest and scale climate solutions by leveraging their respective networks to identify potential opportunities suited for co-investment [SINGAPORE] Tech giant Tencent can offtake at least one million verified, high-quality carbon credits within GenZero’s investment portolio, over a period of 15 years, after inking a partnership. This represents an estimated abatement…
Read MoreIFA in Sinarmas Land offer defends valuation methods as ‘appropriate’ amid criticism
[SINGAPORE] W Capital Markets, the independent financial adviser (IFA) appointed by Sinarmas Land to opine on its privatisation offer by the Widjaja-family linked Lyon Investments, responded to criticisms by The Business Times and the Singapore Investors Association (Singapore) or Sias, arguing that its advice was “appropriate” and “consistent with widely accepted industry practice”. Both parties…
Read MoreIFA stands its ground on valuations in Sinarmas Land offer; says methods used ‘appropriate’ and in line with practice
[SINGAPORE] W Capital Markets, which is advising Sinarmas Land’s independent directors on the Widjajas’ offer to privatise the company, insists its valuations of the group’s assets are “appropriate” and “consistent with widely accepted industry practice”. The independent financial adviser (IFA) was responding to concerns raised by the Singapore Investors Association (Singapore) or Sias, and The…
Read MoreStocks to watch: Sinarmas Land, Frasers Hospitality Trust, Procurri Corp
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (May 6). Sinarmas Land: W Capital, the independent financial advisor (IFA) appointed by Sinarmas Land to opine on its privatisation offer by the Widjaja-family linked Lyon Investments, responded to an article by The Business Times and a statement by Sias that…
Read MoreApple prices first bond offering in two years
[NEW YORK] Apple sold US$4.5 billion worth of bonds late on Monday (May 5), its first offering in two years, and said it plans to use proceeds to repurchase stock and repay outstanding debt. The offering included US$1.5 billion of three-year notes and US$1 billion each of five, seven- and 10-year notes. Apple has US$8…
Read MoreCitigroup CEO says most business clients can absorb 10% tariffs
Published Tue, May 6, 2025 · 07:00 AM [NEW YORK] Citigroup CEO Jane Fraser said on Monday most of the bank’s business clients could absorb US tariffs of 10 per cent on the nation’s trading partners, but cautioned that companies are waiting on investments and hiring until there is more economic clarity. “If it is…
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