Posts by Liam Redmond
Jardine stocks end mixed after morning gains; JMH, HKL decline, JC&C up 3.8% on special dividend
[SINGAPORE] Shares of Jardine Matheson Holdings (JMH) rose as much as 3.6 per cent on Friday (Jul 31) morning. This was on the back of its 9 per cent growth in underlying profit for the first half ended Jun 30 to US$735 million, from US$676 million in the previous corresponding period. The counter rose US$2.41…
Read MoreJardine stocks rally: JC&C rises 7.6% on special dividend, JMH up 3.6%
[SINGAPORE] Shares of Jardine Matheson Holdings (JMH) rose as much as 3.6 per cent on Friday (Jul 31) morning. This was on the back of its 9 per cent growth in underlying profit for the first half ended Jun 30 to US$735 million, from US$676 million in the previous corresponding period. The counter rose US$2.41…
Read MoreMusk denies report of Tesla China unit sale ahead of SpaceX merger
The firm’s CEO calls a Wall Street Journal report of the potential deal ‘fake news’ Published Fri, Jul 31, 2026 · 10:17 AM — Updated Fri, Jul 31, 2026 · 02:38 PM TESLA is weighing a potential separation of its China business to pave the way for a possible merger with SpaceX, the Wall Street…
Read MoreAEM, UMS lead chip and tech surge in Singapore as AI trade confidence returns
[SINGAPORE] Chip stocks in Singapore mirrored global gains as confidence returned to the artificial intelligence trade, with counters such as AEM and UMS Integration being the biggest beneficiaries. AEM a supplier for Nvidia, Intel and AMD, saw the biggest boost and rose as much as 12.5 per cent to S$8.52 in the first few minutes…
Read MoreSingtel shares close 3.1% lower after stock goes ex-dividend, Optus stake sale on cards
Most of the counter’s decline is attributed to the stock going ex-dividend for its upcoming August payout [SINGAPORE] Shares of telco giant Singtel ended 3.1 per cent down at S$4.44 on Friday (Jul 31) as the stock went ex-dividend, coinciding with multiple developments linked to its wholly owned Australian subsidiary Optus. The counter fell S$0.17…
Read MoreGold slips but on track to end four-month losing streak, with July prices up 1.7%
Published Fri, Jul 31, 2026 · 09:05 AM — Updated Fri, Jul 31, 2026 · 11:52 AM [BENGALURU] Gold fell on Friday (Jul 31) but was on track for its first monthly gain in five months, supported by bargain buying around the US$4,000 level, while investors weighed developments in the Middle East and their impact…
Read MoreGold holds gain as Japan’s yen intervention weighs on US dollar
Wave of dip-buying has helped to keep gold above the key level of US$4,000 an ounce Published Fri, Jul 31, 2026 · 09:05 AM GOLD held a two-day gain, supported by a sharp decline in the US dollar after Japan intervened to bolster the yen. Bullion was near US$4,100 an ounce in early trading on…
Read MoreStocks to watch: Jardine Matheson, Great Eastern, Hongkong Land, JC&C, MPACT, Seatrium, FLCT
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Jul 31): Jardine Matheson : The multinational company on Thursday reported 9 per cent growth in underlying profit for the first half ended Jun 30 to US$735 million, from US$676 million in the previous corresponding period. The board declared…
Read MoreSouth Korea plans US$14 billion for wealth fund’s AI bets after US$2 trillion rout
This is driven by the need to ‘act proactively’ on growing global investment interest in Korea, says the government Published Fri, Jul 31, 2026 · 08:35 AM SOUTH Korea plans to inject 20 trillion won (US$13.9 billion) into its sovereign wealth fund for strategic investments in artificial intelligence, data centres and infrastructure, expanding its mandate…
Read MoreFrom Yaohan and Galeries to Metro: The rise and fall of department stores in Singapore
[SINGAPORE] In their halcyon days, department stores were the undisputed kings of Orchard Road and Singapore shopping. But over the years, many have closed, with their household names etched on headstones in Singapore’s retail graveyard. The latest casualty is Metro. The store, which opened its doors even before Singapore gained independence, will be closing its final…
Read MoreGreat Eastern Q2 profit doubles to S$503.2 million on stronger insurance returns
[SINGAPORE] Great Eastern Holdings on Friday (Jul 31) posted a 103 per cent jump in net profit to S$503.2 million for its second quarter ended Jun 30, 2026, up from S$248.2 million in the previous corresponding period. This was mainly due to higher insurance operating profit, supported by continued earnings emergence from the in-force portfolio…
Read MoreSeatrium more than doubles H1 net profit, sees Iran war driving demand for floating LNG solutions
The company – which sees Africa and Apac among its growth markets – will launch a new share buyback programme [SINGAPORE] Offshore and marine player Seatrium’s net profit surged 158.3 per cent to S$372.9 million for the first half ended Jun 30, boosted by a S$172 million gain from the sale of non-core assets. Excluding…
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