Posts by Liam Redmond
When ‘good’ IPOs go bad – why listings stumble and how to evaluate them
Many recent IPOs face a structural disadvantage because they are relatively small companies [SINGAPORE] Despite the lacklustre performance of many Singapore initial public offerings this year, first-time investor Sri Haran has no regrets buying shares in Foundation Healthcare. “I was attracted to the company’s long-term growth potential,” said the 31-year-old, who bought shares in the…
Read MoreMeta ordered by New Mexico judge to pay $567 million in landmark child safety case
In another major blow to Meta, a New Mexico judge ordered the social media giant pay $567 million and take actions to make its platform safer for young people. The latest penalty is in addition to the $375 million that a New Mexico jury ordered Meta to pay after finding that the company violated state…
Read MoreBeijing further relaxes home-buying curbs in property boost bid
Published Fri, Aug 7, 2026 · 10:46 PM [BEIJING] Beijing’s municipal authorities have announced further measures to relax home-buying curbs as they try to prop up flailing home prices in the Chinese capital. China’s housing market slump, now in its fifth year, has been constraining household consumption and exacerbating the economy’s imbalance between strong industrial…
Read MoreChina’s Beijing further relaxes home-buying curbs in property boost bid
Published Fri, Aug 7, 2026 · 10:46 PM [BEIJING] Beijing’s municipal authorities announced on Friday (Aug 7) further measures to relax home-buying curbs as they try to prop up flailing home prices in the Chinese capital. China’s housing market slump, now in its fifth year, has been constraining household consumption and exacerbating the economy’s imbalance…
Read MoreS&P 500, Nasdaq open higher as surprise payrolls fall quells rate-hike fears
[NEW YORK] The S&P 500 and the Nasdaq opened higher on Friday (Aug 7) after data showed the US economy unexpectedly shed jobs last month, raising doubts about a September interest-rate hike by the Federal Reserve. The Dow Jones Industrial Average fell 35.8 points, or 0.1 per cent, at the open to 53849.26. The S&P…
Read MoreTan Kim Choo, wife of Ng Teng Fong, dies at 100
She owned half the issued share capital of Far East Organization Pte Ltd and retained a board seat after Ng’s 2010 death [SINGAPORE] Tan Kim Choo, the wife of property giant Far East Organization founder Ng Teng Fong and the company’s biggest shareholder, has died. She was 100. Her death was announced in an obituary…
Read MoreHo Bee Land H1 profit rises 3% to S$51.1 million on higher development sales
Earnings per share are at S$0.077 for the half-year, up from S$0.075 the year before [SINGAPORE] Property developer Ho Bee Land posted a 3 per cent rise in net profit to S$51.1 million for its first half-year ended Jun 30, from S$49.8 million in the previous corresponding period. This came as revenue for the half-year…
Read MoreSingapore stocks end higher, led by Yangzijiang Shipbuilding; STI up 1.1%
The shipbuilder is also the most actively traded stock on the benchmark index, with 53.2 million shares changing hands Published Fri, Aug 7, 2026 · 07:00 PM [SINGAPORE] Singapore stocks ended higher on Friday (Aug 7). The benchmark Straits Times Index (STI) gained 1.1 per cent or 59.44 points to finish at 5,698.43. Yangzijiang Shipbuilding…
Read MoreNetLink NBN Trust posts 22.4% drop in Q1 profit to S$18.1 million on higher depreciation
[SINGAPORE] The manager of Netlink NBN Trust on Friday (Aug 7) posted a 22.4 per cent year-on-year fall in its Q1 FY2027 earnings to S$18.1 million, from S$23.3 million. The group said profit after tax fell due to higher depreciation arising from a larger asset base. Group revenue fell 1.4 per cent to S$101.3 million,…
Read MoreNetLink NBN Trust posts 22.4% drop in Q1 profit to S$18.1 million on higher depreciation
[SINGAPORE] The manager of Netlink NBN Trust on Friday (Aug 7) posted a 22.4 per cent year-on-year fall in its Q1 FY2027 earnings to S$18.1 million, from S$23.3 million. The group said profit after tax fell due to higher depreciation arising from a larger asset base. Group revenue fell 1.4 per cent to S$101.3 million,…
Read MoreNetLink NBN Trust posts 22.4% drop in Q1 profit to S$18.1 million on higher depreciation
[SINGAPORE] The manager of Netlink NBN Trust on Friday (Aug 7) posted a 22.4 per cent year-on-year fall in its Q1 FY2027 earnings to S$18.1 million, from S$23.3 million. The group said profit after tax fell due to higher depreciation arising from a larger asset base. Group revenue fell 1.4 per cent to S$101.3 million,…
Read MoreST Engineering bags new contracts worth S$2.9 billion in Q2 2026
[SINGAPORE] ST Engineering on Friday (Aug 7) announced that it secured S$2.9 billion in new contracts in the second quarter of 2026. These comprise S$1.2 billion from the commercial aerospace segment, S$1.2 billion from the defence and public security segment and S$500 million from the urban solutions and satcom segment. Including these new wins and…
Read More