Posts by Liam Redmond
Bitcoin down 25% from all-time high as crypto sell-off deepens
The sell-off underscores a swift change of fortunes for digital assets, which boomed after Trump’s election win THE rout in Bitcoin worsened during Asian trading hours on Friday (Feb 28), sending it down 25 per cent from the all-time high it set less than six weeks ago as traders reverse bets that followed the election…
Read MoreGold set for first weekly drop in nine; focus on US inflation data
GOLD edged higher on Friday (Feb 28) but was set to snap an eight-week winning streak on a stronger US dollar, while investors turned their focus to a key US inflation data for cues into the Federal Reserve’s monetary policy trajectory. Spot gold was up 0.1 per cent at US$2,879.09 an ounce, as at 0030…
Read More‘Reacher’ Season 3 Episode 4 Recap: Guilt Trip
Reacher travels back in time for Season 3 Episode 4, as the series returns to the flashback format that popped up in Season 2. Our guy will trade his ‘I [Lobster] Maine’ T-shirt in the present for Major Reacher’s fatigues in the past as he relates an ultimately tragic story to Agents Duffy and Villanueva,…
Read MoreDaiwa House Logistics Trust H2 DPU Drops 10.3% to S$0.0234
The manager of Daiwa House Logistics Trust on Friday (Feb 28) posted a distribution per unit (DPU) of S$0.0234 for its second half ended Dec 31, down 10.3 per cent from S$0.0261 in the previous corresponding period. This brings the total DPU for FY2024 to S$0.0479, down 8.2 per cent from S$0.0522 in FY2023. Its…
Read MoreHPL swings into the black with S$32.1 million H2 net profit, reversing H1 loss
HOTEL Properties Limited (HPL), the real estate player owned by tycoon Ong Beng Seng, posted net profit of S$32.1 million for the second half ended Dec 31, plunging from S$578.2 million in the prior corresponding period This reversed the hotel operator’s net loss of S$4.9 million recorded for its first half ended Jun 30, 2024,…
Read MoreHPL H2 profit nosedives 94.4% to S$32.1 million; S$0.04 per share final dividend proposed
HOTEL Properties Limited (HPL), the real estate player owned by tycoon Ong Beng Seng, posted net profit of S$32.1 million for the second half ended Dec 31, plunging from S$578.2 million in the prior corresponding period Its earnings per share stood at S$0.0547, down from S$1.1024 in H2 FY2023. Its half-year revenue climbed 7 per…
Read MoreOlam shares fall 11% amid steep profit drop
SHARES of Olam Group dived about 11 per cent just after the market open on Friday (Feb 28), as it posted an 83.4 per cent fall in net profit. At around 9.12 am, Olam shares recovered slightly to S$0.96, a nearly 8 per cent decline. Before the market open, the agribusiness giant reported a net…
Read MoreRare series of ancient paintings dug up in Pompeii provide clues on rituals tied to Greek god
A rare set of nearly life-sized paintings were dug up in Pompeii over the last few weeks, offering clues about rituals connected to the Greek god of wine in the ancient city that was destroyed 2,000 years ago. Archeologists dug up frescoes spanning three walls inside a ruined banquet hall portraying the secretive initiation rites…
Read MoreFirst Resources H2 profit climbs 91.9% to US$141.8 million
FIRST Resources on Friday (Feb 28) reported a 91.9 per cent surge in net profit to US$141.8 million for the second half ended Dec 31, from US$73.9 million in the previous corresponding period. This came as profit from operations rose 90.3 per cent to US$193.5 million from US$101.7 million, on the back of “record production…
Read MoreStocks to watch: IHH Healthcare, Jardine C&C, Olam, ComfortDelGro, Sheng Siong
THE following companies saw new developments that may affect trading of their securities on Friday (Feb 28). IHH Healthcare: The integrated healthcare operator on Thursday announced net profit of RM732 million (S$221 million) for the quarter ended Dec 31, up 1 per cent from RM728 million in the corresponding year-ago period. This translated to earnings…
Read MoreZheneng Jinjiang H2 profit surges over 26 times to 411.6 million yuan; S$0.023 cash dividend per share proposed
CHINA-BASED waste treatment group Zheneng Jinjiang Environment reported a net profit of 411.6 million yuan (S$76.2 million) for the second half ended Dec 31, rising more than 26 times the 15.3 million yuan it posted the prior corresponding period. This translated to an earnings per share (EPS) of 0.2838 yuan for the half-year period, up…
Read MoreAutodesk to cut jobs as it targets higher profits
AUTODESK is planning to cut about 1,350 employees as part of a broader focus on profitability following pressure from investors including activist Starboard Value. The reductions will amount to about 9 per cent of the workforce, the company said on Thursday (Feb 20). Bloomberg had earlier reported on the planned job cuts. The positions are…
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