Posts by Liam Redmond
First 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 MoreSteady trading across asset classes as SGX securities turnover rises 6% in April
Strong retail participation in small and mid-caps, growing open interest in key derivatives drive the increase [SINGAPORE] The Singapore Exchange (SGX) posted steady trading activity in April, driven by strong retail participation in small and mid-cap stocks, as well as growing open interest in key derivatives across multiple asset classes. This follows what SGX described…
Read MoreFrom Tai Sin Electric to Toku: Industrials, tech stocks rule in RHB’s refreshed list of small-cap ‘jewels’
Those listed have, for example, compelling valuations, strong balance sheets and growth potential [SINGAPORE] Industrial and technology counters make up more than half of RHB’s latest list of preferred small-cap stocks under S$1.5 billion in market capitalisation, as the research house bets on themes tied to artificial intelligence, semiconductors and data centres. Published on Wednesday…
Read MoreOil ends flat as tanker crossings through Strait of Hormuz temper supply fears
Both Trump and Xi agreed the Strait of Hormuz must be open for the free flow of energy Published Fri, May 15, 2026 · 06:19 AM [NEW YORK] Oil prices ended little changed on Thursday (May 14) after Iran’s state media said about 30 vessels had crossed the Strait of Hormuz, though attacks on one…
Read MoreOil rises more than 1% after Trump flags China’s interest in US supplies
Both Trump and Xi agreed the Strait of Hormuz must be open for the free flow of energy Published Fri, May 15, 2026 · 06:19 AM — Updated Fri, May 15, 2026 · 11:37 AM [NEW DELHI] Oil prices gained more than 1 per cent on Friday (May 15) after President Donald Trump said China…
Read MoreWall Street ends higher on tech rally; investors eye Trump-Xi talks in Beijing
The Dow closed just 0.3 per cent shy of its all-time closing high reached on Feb 10 Published Fri, May 15, 2026 · 06:02 AM [NEW YORK] US stocks advanced on Thursday (May 14), lifted by a rally in tech stocks as investors absorbed generally solid economic data and watched for developments from Beijing, where…
Read MoreEuropean shares end at one-week highs on tech boost
Europe’s exposure to AI hardware firms pales in comparison with its US and Asian peers Published Fri, May 15, 2026 · 05:47 AM EUROPEAN shares closed higher on Thursday (May 14), after hitting the highest in a week with a boost from technology stocks, while investors remained cautious about developments in the US-China talks. The…
Read MoreGamers, developers protest Saudi Arabia’s bid to acquire Electronic Arts
As Electronic Arts moves closer to closing a sale of the gaming company to Saudi Arabian investors, it’s facing backlash from a group of protestors who are calling it a bad deal. A coalition calling itself the Players Alliance staged a protest outside Electronic Arts’ Redwood City headquarters this week. Dressed as Sims characters, the…
Read MoreLinkedIn, Cisco and Amazon are the latest tech companies laying off more workers
Job cuts are hammering the tech industry as companies ramp up investments in artificial intelligence. This week, San Jose-based tech company Cisco said it was cutting fewer than 4,000 jobs or less than 5% of its workforce. Cisco announced the layoffs the same day that the company reported that it grew its revenue to $15.8…
Read MoreWall St opens higher as Nvidia gains; US-China talks, data in focus
Published Thu, May 14, 2026 · 09:48 PM [NEW YORK] Wall Street stock indexes opened higher on Thursday (May 14) as Nvidia’s shares jumped, while investors assessed economic data and watched developments around the high-stakes US-China summit. The Dow Jones Industrial Average rose 150.4 points, or 0.30 per cent, at the open to 49,843.58. The…
Read MoreThaiBev H1 profit falls 3.2% to 14.2 billion baht on impairment loss
[SINGAPORE] Thai Beverage (ThaiBev) posted a 3.2 per cent drop in net profit to 14.2 billion baht (S$559.5 million) for its first half ended Mar 31, from 14.7 billion baht in the previous corresponding period. This was due largely to a non-recurring item related to an impairment loss of 1.7 billion baht from the discontinued…
Read MoreAmazon’s AI success sends stock racing towards US$3 trillion club
The e-commerce giant has a market value of more than US$2.9 trillion after adding US$438 billion this year Published Thu, May 14, 2026 · 09:02 PM [CHICAGO] Investors are growing increasingly optimistic about Amazon’s position in artificial intelligence, lighting a fire under the stock and sending the company’s market capitalisation soaring towards the rarefied US$3…
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