Posts by Liam Redmond
Stocks to watch: SGX, FEHT, Wing Tai, PropNex, First Reit, QAF
THE following companies saw new developments that may affect trading of their securities on Wednesday (Feb 12). Singapore Exchange (SGX): The total securities market turnover value on the SGX increased 1 per cent year on year to S$20.8 billion in January, with the Straits Times Index hitting a 17-year high and exchange-traded funds’ assets…
Read MoreStocks to watch: SGX, FEHT, Wing Tai, PropNex, First Reit, QAF, Cordlife
THE following companies saw new developments that may affect trading of their securities on Wednesday (Feb 12). Singapore Exchange (SGX): The total securities market turnover value on the SGX increased 1 per cent year on year to S$20.8 billion in January, with the Straits Times Index hitting a 17-year high and exchange-traded funds’ assets…
Read MoreFar East Hospitality Trust posts 4.1% fall in H2 DPS to S$0.0208
THE manager of Far East Hospitality Trust (FEHT) on Wednesday (Feb 12) posted a distribution per stapled security (DPS) of S$0.0208 for the second half ended December, down 4.1 per cent from S$0.0217 in the previous corresponding period. This brings total DPS for FY2024 to S$0.0404, 1.2 per cent lower year on year. The distribution…
Read MoreHong Kong’s latest bubble tea IPO mints another billionaire
CHINA’S insatiable appetite for bubble tea has spawned another billionaire. Guming Holdings’ US$233 million Hong Kong initial public offering (IPO) bolstered the value of the stake owned by its millennial founder, Yun’an Wang, to US$1.2 billion, according to the Bloomberg Billionaires Index. Shares were sold at HK$9.94 each in the IPO. Wang joins the…
Read MoreLate-night snowmobile pile up on frozen upstate NY lake leaves one dead: ‘A tragic accident’
A late-night snowmobile romp by a group of friends ended in tragedy in a pile up on a frozen upstate lake over the weekend, killing a 22-year-old Genesee County man, state police said. Spencer Schmidt of Batavia was out riding with four friends each on their own snowmobiles shortly before 3 a.m. Sunday when the…
Read MoreJPMorgan adds buy-now, pay-later provider Klarna to its payments platform
JPMORGAN Chase’s payments processing unit is partnering with fintech Klarna to expand buy now, pay later (BNPL) options for its merchants. JPMorgan Payments will provide some 900,000 businesses the ability to offer Klarna’s fast-credit options to their customers, according to a statement on Monday (Feb 10). It means Klarna, which is targeting a US initial…
Read MoreCharles Schwab expands 24-hour trading to all its retail clients
CHARLES Schwab is expanding overnight trading to all of its retail clients as it seeks to capture demand from investors piling into US stocks amid elevated prices. Schwab’s retail clients will be able to trade a wider range of securities 24 hours, five days a week, the firm said. Those include shares of companies in…
Read MoreCarrefour proposes buyout of Brazilian grocery unit Atacadao
FRENCH grocer Carrefour submitted a proposal for a take-private of its Brazilian subsidiary Atacadao. Atacadao said that its management had received a proposal from Carrefour – its controlling shareholder – that would make it a wholly owned subsidiary. The statement confirmed an earlier report by Bloomberg News that Paris-listed Carrefour was working with advisers on…
Read MoreListed companies can dial down on diversity; profits, financial prudence, shareholder treatment matter more
LIVING in multi-racial, multi-religious Singapore – where people hail from diverse nationalities and many are foreign-born – is fun. One can celebrate various festive occasions, learn about disparate cultures and access different cuisines. Crucially, too, Singapore’s diverse society is a strength for our businesses. For example, penetrating regional markets is easier when a business can…
Read MoreFuture-proofing your business in 2025
AMID continued geopolitical tensions, macroeconomic uncertainty and market volatility, businesses are looking to future-proof themselves to stay competitive in a rapidly changing landscape. Against this backdrop, many companies are looking to boost their resilience by leveraging technology and capturing emerging growth opportunities. For small and medium-sized enterprises (SMEs), this means making bold moves – such…
Read MoreMike Francesa has had it with the ‘nauseating’ Super Bowl pageantry
From Taylor Swift to Donald Trump — the Super Bowl 2025 broadcast was overrun with noteworthy appearances. Mike Francesa took to his postgame show with an opinion on the pageant that the Super Bowl has become: it’s too much. “What they have done to this game … Are we going to hear from everyone in…
Read MoreSuper Bowl LIX was a big night for ‘Clerks’ fans, thanks to ‘DunKings 2’ and ‘The Floor’
30 years ago, the 1994 indie comedy Clerks was still making its way through its extended, small-scale theatrical run. (I know this because I saw it just about 30 years ago, when it finally arrived in my upstate New York hometown, playing the second-run theater at the older of two neighboring malls.) The movie accumulated…
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