Posts by Liam Redmond
Troubled platform UCars founded by group of dealers wound up on S$4 million debt
Winding up application filed on Feb 23 after previous legal tussles between company and its main shareholder [SINGAPORE] Troubled local car portal UCars has been wound up, more than a year after it was revealed to be S$4 million in debt and owe salaries to former employees. A letter sent to creditors on Monday and…
Read MoreSouth Korea’s world-beating stock rally stumbles as global funds sell
Kospi hits 8,000, but gains vanish as foreign tech selling turns a morning surge into a retreat Published Fri, May 15, 2026 · 11:54 AM — Updated Fri, May 15, 2026 · 06:02 PM [SEOUL] South Korea’s world-beating stock rally came to a sudden halt as the benchmark tumbled on Friday (May 15), underscoring the…
Read MoreOpenAI explores legal options against Apple: source
Published Fri, May 15, 2026 · 11:04 AM [SAN FRANCISCO] Apple’s two-year-old partnership with OpenAI has become strained, with the AI startup failing to see the expected benefits from its deal with the iPhone maker and preparing possible legal action, a person familiar with the matter said on Thursday (May 14). OpenAI wanted to resolve…
Read MoreAEM closes 6.7% down after touching S$10 barrier, knocking DBS off pedestal as top value traded stock
[SINGAPORE] Advanced semiconductor and electronics test solutions provider AEM overtook DBS in terms of total value of securities traded on Friday (May 15) morning as tech stocks continued their rally. About S$47.3 million worth of AEM shares changed hands as at 9.40 am, compared with S$45.6 million for DBS – Singapore’s largest company by market…
Read MoreAEM knocks DBS off pedestal as top value traded stock after crossing S$10 barrier
CSE Global also climbs as much as 7.9% to all-time high as tech stock rally continues [SINGAPORE] Advanced semiconductor and electronics test solutions provider AEM overtook DBS in terms of total value of securities traded on Friday (May 14) as tech stocks continued their rally. About S$47.3 million worth of AEM shares had changed hands…
Read MoreMore than 162 million Marco Polo Marine shares change hands on plan for reverse takeover of Fuji Offset
The heavy trading also follows the group’s announcement of a 9% increase in H1 earnings to S$11.6 million [SINGAPORE] Marine logistics company Marco Polo Marine saw heavy trading on Friday (May 15) after it announced a higher net profit for its first half and proposed a reverse takeover of Fuji Offset. More than 110 million…
Read MoreMarco Polo Marine H1 profit up 9% at S$11.6 million on stronger revenue; proposes shipyard business sale
The top-line growth is driven by a robust performance across both its ship chartering and shipyard segments [SINGAPORE] Integrated marine logistics company Marco Polo Marine on Friday (May 15) posted a 9 per cent rise in net profit to S$11.6 million for its first half ended Mar 31, up from S$10.6 million in the year-ago…
Read MoreGold edges down as oil, US dollar rise; markets await signals from Trump-Xi meeting
Published Fri, May 15, 2026 · 09:08 AM GOLD edged lower on Thursday (May 14), pressured by rising oil prices and a firmer US dollar after news of a vessel seizure and another sinking broke, even as investors look to US President Donald Trump’s meeting with Chinese President Xi Jinping in Beijing. Spot gold was…
Read MoreStocks to watch: SIA, Marco Polo, First Resources, NetLink, ThaiBev, CSE, Aspial, CNMC
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (May 15): Singapore Airlines (SIA) : The flag carrier announced on Thursday that its earnings for the second half ended March more than halved year on year to S$945.5 million from S$2 billion. It attributed the 53.6 per cent…
Read MoreAspial Lifestyle to raise S$84.8 million via equity to fuel expansion
Under the private placement, 149.3 million new shares will be issued to institutional, accredited and other investors [SINGAPORE] Consumer lifestyle group Aspial Lifestyle on Thursday (May 14) announced a proposed equity fund raising exercise to raise gross proceeds of about S$84.8 million. A private placement will raise about S$60 million, while a non-renounceable preferential offering…
Read MoreBoeing shares drop 4% after Trump announces China orders 200 jets; number below expectations
The talks had been for 500 Boeing 737 Max jets, plus possibly dozens of more expensive widebody jets in follow-on orders Published Fri, May 15, 2026 · 08:14 AM [WASHINGTON/SEATTLE] China has agreed to buy 200 Boeing jets, US President Donald Trump told Fox News on Thursday (May 14), a number that was far fewer…
Read MoreFirst Resources Q1 net profit up 53.1% at US$96.6 million on stronger sales, production output
[SINGAPORE] Indonesian palm oil producer First Resources on Friday (May 15) posted a net profit of US$96.6 million for its first quarter ended Mar 31, up 53.1 per cent from US$63.1 million for the year-ago period. This was underpinned by a 70.4 per cent year-on-year increase in sales to US$477.2 million for Q1 2026, from…
Read More