Posts by Liam Redmond
Some analysts downgrade CDL shares, reduce price target on boardroom tussle
ANALYSTS believe that the ongoing feud between CDL’s executive chairman Kwek Leng Beng and chief executive officer and his son, Sherman Kwek, could cause an overhang on the group’s share price in the near term. Some analysts downgraded the company’s stock on Wednesday (Feb 26) and Thursday, checks by The Business Times showed. JP Morgan…
Read MoreScott Disick Was Shocked When ‘The Kardashians’ Fans Spotted Mounjaro In His Fridge: “You’re Lying!”
Scott Disick didn’t intend for his Mounjaro use to get outed on The Kardashians. In the Hulu show’s Season 5 premiere — which dropped in May 2024 — Disick’s box of Mounjaro was quickly spotted in his fridge by eagle-eyed viewers. But it wasn’t until the episode aired that Disick realized his secret had been…
Read MoreToyota global output rises for the first time in a year in January
TOYOTA Motor said on Thursday its worldwide production rose for the first time in a year in January, as it ramped up output in Japan after recovering from last year’s certification scandal in its home market. The world’s biggest automaker’s global output for January increased 6 per cent year-on-year to 781,729 vehicles, with domestic production…
Read MoreKwek Leng Beng-Sherman tussle at CDL can destroy value
Share price is deeply undervalued, could father-son tussle lead to restructuring or a merger? Investors buy into listed groups where families hold major stakes and are active in management, partly because they see families with skin in the game taking the long-term view in growing the business. However, families can be prone to conflict among…
Read MoreHong Kong bourse logs 10% profit jump as trading turnover and IPOs surge
HONG Kong’s bourse operator reported a 10 per cent rise in annual profit, helped by sharp increases in trading turnover and new company listings, and said it was optimistic that a pickup in Chinese economic activity would help its prospects. Recent years have seen the exchange’s performance hampered by slow growth in China’s economy, regulatory…
Read MoreDespite ‘welcome addition’ of OCBC capital return plan, analysts are split on its impact
ANALYSTS were split on the scale of impact of OCBC’s capital return plan announced on Wednesday (Feb 26), despite agreeing that it was a “welcome addition” and lifting their price targets for the counter. The bank on Wednesday posted higher earnings for its fourth quarter and full year ended December 2024, and announced its intention…
Read MoreBlackstone in talks to sell China logistics assets in divestment
BLACKSTONE is in advanced talks to sell three logistics projects in China to Ping An Insurance (Group), according to sources familiar with the matter, in a major exit from the business amid rising appetite among domestic investors. The US firm plans to offload the real estate in the China Greater Bay Area to Ping An…
Read MoreTop Thai hospital operator hastens expansion on foreign demand
THAILAND’S biggest private hospital operator will add more new beds than previously planned on expectations that an ageing local population and foreign demand for affordable healthcare services will further boost its business. Bangkok Dusit Medical Services (BDMS) plans to add around 800 new beds at its hospitals to raise the total to 9,600 by the…
Read MoreMets’ Paul Blackburn aces first spring start since scary injury in ‘huge day’
PORT ST. LUCIE — After a complicated — and scary — injury, Paul Blackburn’s return was straightforward. He started the Mets’ 4-1 Grapefruit League loss to the Marlins on Wednesday and tossed a clean 1-2-3 inning with a strikeout and two ground outs. It marked his first outing since suffering a cerebrospinal fluid leak late…
Read MorePepsiCo’s Apac CEO Tan Wern-Yuen to join Hillhouse Investment
PEPSICO’S Asia-Pacific CEO and global chief commercial officer, Tan Wern-Yuen, is set to join private equity firm Hillhouse Investment in March. The Business Times understands that the executive will lead the global consumer and retail team at Hillhouse. The firm has more than US$100 billion in assets under management. In a LinkedIn post on Feb…
Read MoreBain Capital mulls US$10 billion sale of Rocket Software: sources
PRIVATE equity firm Bain Capital is weighing options, including a sale, for Rocket Software that could value the US automation software provider at as much as US$10 billion, including debt, sources familiar with the matter said. Bain’s deliberations come as the artificial intelligence boom is forcing large corporations to increase their technology spending to upgrade…
Read MoreMiranda Devine: Pitiful lefty White House press corps whines about access after barely making a peep when Biden was AWOL in office
The White House press corps has a hide complaining about access to the president after it raised barely a peep in protest at Joe Biden being practically AWOL his entire presidency. Biden didn’t even hold a press conference until two months in. The handful of press conferences he did conduct were a bad joke, in…
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