Posts by Liam Redmond
Airbus holds annual targets, bets on year-end delivery surge
Published Thu, Oct 29, 2026 · 01:13 AM [LONDON/GDANSK/PARIS] Airbus maintained its full-year forecasts and production plans on Wednesday (Oct 28) after reporting mixed third-quarter earnings, leaving investors focused on whether it can hit its annual aircraft-delivery target. The world’s largest planemaker stuck to its target of delivering around 870 aircraft this year, which would…
Read MoreWall Street choppy as mega-cap losses offset chip gains before Fed decision
Published Wed, Oct 28, 2026 · 10:45 PM [BENGALURU] US stocks wavered on Wednesday (Oct 28) as weakness in mega-caps such as Tesla and Apple offset chipmaker gains sparked by SK Hynix’s bumper results, with focus squarely on hyperscaler earnings and the Federal Reserve’s interest-rate decision later in the day. Memory chipmaker Micron Technology jumped…
Read MoreAoxin Q&M gets SGX’s nod for mainboard move
[SINGAPORE] Dental healthcare services provider Aoxin Q&M reported on Tuesday (Oct 27) that it received in-principle approval from the Singapore Exchange to transfer its listing from the Catalist bourse to the mainboard. The company posted in August an 87.2 per cent drop in net profit for its half year ended Jun 30 to 351,000 yuan…
Read MoreHong Kong-listed Metasurface launches S$9.72 million placement ahead of SGX Catalist dual listing
Precision engineering firm prices new shares at S$0.54 apiece, targets Nov 4 debut [SINGAPORE] Precision engineering services provider Metasurface Technologies has launched a S$9.72 million share placement at S$0.54 apiece, ahead of its planned dual primary listing on the Singapore Exchange’s Catalist board on Nov 4. The company is offering 18 million new shares, giving…
Read MoreCOE review: Motor traders suggest using vehicle length, engine size and power to classify cars
Trade body supports LTA’s proposals, but says using OMV to judge car class needs more clarity [SINGAPORE] The Motor Traders Association of Singapore (MTA) supports the Land Transport Authority’s proposed changes to the Certificate of Entitlement (COE) system, but it argues for the use of exterior length in differentiating between mass-market and luxury cars. This…
Read MoreMAS urges banks to limit exposure or cut ties with clients over clear environmental breaches linked to haze
It expects lenders to look at material environmental risks arising from clients’ activities and exposures [SINGAPORE] Banks should take “stronger measures” against customers who clearly breach environmental laws, including limiting exposures or exiting the relationship, said the Monetary Authority of Singapore (MAS). In a statement on Wednesday (Oct 28), MAS said it expects banks to…
Read MoreMapletree Logistics Trust Q2 DPU flat at S$0.01816
The trust targets an ROI of 6 to 6.5% for its S$141 million Changi South redevelopment [SINGAPORE] Mapletree Logistics Trust (MLT) had a flat second quarter, with distribution per unit (DPU) of S$0.01816 barely up, by 0.1 per cent, from S$0.01815 in the year-ago period. Distributable income grew 0.9 per cent to S$93.3 million for…
Read MoreUS data centre divestments top priority for Mapletree Industrial Trust as Q2 income slips
It eyes advanced manufacturing, high-tech industries, digital infrastructure sectors in Singapore, US and Japan [SINGAPORE] Mapletree Industrial Trust (MIT) is looking beyond data centres for growth as it continues to divest older North American assets, pivot from a legacy-heavy portfolio and manage rising financing costs. The CEO of the manager, Anand Tze Ming Chandran, who…
Read MoreSGX needs still-tougher governance rules to attract the smart money
Among other things, comply-or-explain should get more teeth and minority shareholders should get more say [SINGAPORE] Tan Boon Gin had a line ready at Tuesday’s (Oct 27) briefing, and told reporters they could quote him on it: “Boilerplate disclosure is better than no disclosure at all.” The honesty was refreshing, and it set the bar…
Read MoreSingapore Payments Network appoints CEO, board
[SINGAPORE] The Singapore Payments Network (Span) has appointed its CEO and board of directors, ahead of its commencement of operations in early 2027. Derek Chan, who has nearly two decades of leadership experience in the payments sector, will be its CEO. The 11-member board will be led by Jacqueline Loh, deputy managing director for corporate…
Read MorePhilippines will defend peso ‘as hard as we possibly can’: President
The country’s foreign reserves falls to US$99.5 billion in September, the lowest level since September 2023 Published Wed, Oct 28, 2026 · 02:53 PM [MANILA] Philippine President Ferdinand Marcos Jr said on Wednesday (Oct 28) that the authorities would do all they can to ensure that the Philippine peso does not keep falling against the…
Read MoreMainboard newbie Mi Material opens flat at S$1.80 in early trading
The semiconductor materials manufacturer’s Singapore offer is 1.3 times subscribed [SINGAPORE] Semiconductor firm Mi Material opened flat at S$1.80 in its trading debut on the Singapore Exchange (SGX) mainboard on Wednesday (Oct 28). The manufacturer of chip packaging materials began trading at 2 pm, and was unchanged from its initial public offering price of S$1.80…
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