Posts by Liam Redmond
US: Wall Street opens higher as AI optimism, earnings counter Middle East concerns
Published Tue, Apr 21, 2026 · 09:55 PM [NEW YORK] Wall Street’s main indexes opened higher on Tuesday (Apr 21) as renewed artificial intelligence optimism and strong corporate earnings bolstered markets battered by constant back-and-forth over the resolution of the Middle East conflict. The Dow Jones Industrial Average rose 245.8 points, or 0.5 per cent,…
Read MoreDHL CEO warns of ‘tipping point’ risk if oil shortage persists
He adds that he does not believe the conflict will structurally change trade in the long term Source link
Read MoreMiddle East conflict clouds Thai banks’ outlook as profits slip
The country’s largest lender SCB X posts a more than 18% drop in Q1 net income to 10.2 billion baht Published Tue, Apr 21, 2026 · 09:05 PM [BANGKOK] Two major Thai banks struck a cautious tone on their 2026 outlook after reporting weak first-quarter net income, underscoring growing risks from Middle East conflict and…
Read MoreHong Leong Asia acquires bomb shelter supplier Yong Tai Loong for S$90.7 million
The purchase will position the group for further growth in Singapore’s built environment sector [SINGAPORE] Hong Leong Asia (HLA) has acquired architectural building products supplier Yong Tai Loong for around S$90.7 million in cash. The company on Tuesday (Apr 21) said that it had purchased 100 per cent of the issued and paid-up share capital…
Read MoreNam Cheong sells two offshore support vessels for US$36.7 million
Net proceeds will fund the group’s shipbuilding activities, including fleet expansion [SINGAPORE] Shipbuilder Nam Cheong on Tuesday (Apr 21) announced that it is selling two offshore support vessels for US$36.7 million. The buyers are a vessel operator in Indonesia and a government-linked vessel operator in Egypt. The transactions comprised the sale of a new-build multi-purpose…
Read MoreDFI Retail Group Q1 underlying profit from continuing businesses up 49%
It expects FY2026 underlying profit to be between US$270 million and US$300 million [SINGAPORE] DFI Retail Group’s underlying profit from continuing operations rose 49 per cent year on year in the first quarter of 2026, supported by lower financing costs. The underlying profit excludes the impacts of the divestment of the Singapore food business, the…
Read MoreOUE Reit posts 8.4% rise in Q1 NPI to S$57.6 million
This comes amid stronger contributions from its commercial and hospitality segments [SINGAPORE] The manager of OUE Real Estate Investment Trust (Reit) posted an 8.4 per cent rise in net property income (NPI) to S$57.6 million for its first quarter ended Mar 31, from S$53.2 million a year earlier. Revenue was up 6.7 per cent at…
Read MoreSingapore blue chips rise marginally, in line with regional showing
[SINGAPORE] Singapore stocks turned in a marginally better showing on Tuesday (Apr 21), in line with regional index performance. The benchmark Straits Times Index (STI) gained 0.2 per cent or 10.89 points to finish at 5,014.96. CapitaLand Integrated Commercial Trust led the gainers on Singapore’s blue-chip index, rising 3.3 per cent or S$0.08 to S$2.47,…
Read MoreSuntec Reit flags near-term pressure on convention business as bookings slow in wake of Iran war
Wait-and-see stance and cautious spending slow bookings, but pipeline remains steady with no cancellations [SINGAPORE] The manager of Suntec Real Estate Investment Trus t (Reit) expects near-term pressure on booking momentum at its Suntec Singapore Convention and Exhibition Centre, as global uncertainty prompts corporates to hold back on bookings. Though there have been no immediate…
Read More‘Largest Singapore commercial S-Reit proxy’: analysts say buy CICT shares after Paragon acquisition
CICT’s acquisition of Paragon mall cements its dominance in Singapore’s retail space, they add [SINGAPORE] Analysts were positive on CapitaLand Integrated Commercial Trust (CICT), following the announcement of its proposed acquisition of luxury mall Paragon on Monday (Apr 20). They viewed CICT’s acquisition of Paragon mall as a “positive move” that cements the S-Reit’s dominance…
Read MoreHere are SGX’s top 10 dividend and best-performing ETFs in the volatile first quarter
The US-Venezuela tensions, followed by the Iran war, did their part to roil the markets in Q1 2026 [SINGAPORE] Exchange-traded funds (ETFs) listed on the Singapore Exchange (SGX) hit a record high in total assets under management (AUM) of S$19 billion, the exchange announced on Monday (Apr 20). Trading activity also surged in the quarter,…
Read MoreCATL share sale’s tightening discount shows China tech momentum
Published Tue, Apr 21, 2026 · 03:02 PM [HONG KONG] Contemporary Amperex Technology’s (CATL) latest share sale – priced at a 5.1 per cent discount – was more than twice subscribed. That underscores strong investor appetite for the stock even after the battery maker’s 20 per cent rally this year. The inquiry‑based sale of 58…
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