Posts by Liam Redmond
KGI starts Ever Glory at ‘outperform’ with S$1.20 target amid high construction demand in Singapore
Its asset-light model and careful working-capital management enable disciplined expansion, says analyst [SINGAPORE] KGI Securities has initiated coverage on Ever Glory United with an “outperform” rating and a target price of S$1.20, on the back of strong order book visibility and exposure to Singapore’s infrastructure supercycle. Its development into a more “integrated platform” was observed…
Read MoreApple makes changes to iOS software in face of stricter Japanese rules
APPLE is making changes to its iOS software in Japan to comply with a new local law aimed at fostering competition, part of broader efforts by the iPhone maker to adapt to regulations around the world. The company announced a compliance plan on Wednesday for Japan’s Mobile Software Competition Act, or MSCA, which was passed last year and goes…
Read MoreRams’ NFC West showdown with Seahawks off to an ominous start with plane delay
The Rams’ quest to get a key NFC West win in Seattle this week hit a bit of a snag. Los Angeles’ plane encountered an equipment issue on Wednesday, and it delayed the Rams’ travel to Washington, ESPN’s Adam Schefter reported. The flight was slated to take off late in the afternoon, but, according to…
Read MoreStocks to watch: Singtel, Stoneweg Europe Stapled Trust, Acrophyte Hospitality Trust, HG Metal
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Dec 18): Singtel: The board of its unit, Optus, on Thursday released a report from an independent review into its major Sep 18 outage, which uncovered gaps in process, accountability and escalation and information protocols, Singtel said on Thursday.…
Read MoreStoneweg Europe Stapled Trust refinances, extends 85 million euro facility agreement
[SINGAPORE] The managers of Stoneweg Europe Stapled Trust (Sert) on Thursday (Dec 18) announced that it has refinanced and extended an 85 million euro (S$128.9 million) unsecured facility. As part of its balance-sheet optimisation programme, this strengthens Sert’s debt maturity profile and liquidity position, added its managers. Sert is a stapled group comprising Stoneweg European…
Read MoreUS FTC probes Instacart’s AI pricing tool, source says; shares drop
Shoppers viewing Instacart prices saw wildly different prices for the same items sourced at the same stores THE US Federal Trade Commission is probing Instacart, two sources familiar with the matter told Reuters, as the retail platform faces criticism over its artificial intelligence-driven pricing tool. Instacart shares were down about 10 per cent in after-hours…
Read MoreReview of Optus emergency calls outage finds process, accountability gaps in Singtel unit
The report finds that ‘challenges in Optus’ culture’ affected decision-making and response times [SINGAPORE] An independent review into Optus’ major September outage has uncovered gaps in process, accountability, and escalation and information protocols. The Sep 18 incident when Triple Zero calls – emergency numbers used for life-threatening situations or emergencies – were blocked due to…
Read MoreOptus’ September outage independent review flags urgent process gaps
OPTUS, Australia’s second-largest telecommunications provider, said on Thursday that an independent review into its September outage found gaps in process, accountability, and escalation and information protocols that need urgent attention. A technical failure at Optus on Sep 18 had disrupted emergency call services, impacting 600 people and leaving four people dead. REUTERS Decoding Asia newsletter:…
Read MoreNick Reiner does ‘drugs,’ threatens to kill dog in eerie video with sister Romy
Rob Reiner’s problem child Nick appeared in his own bizarre YouTube video where he feigned doing drugs and jokingly claimed he was going to kill a dog nearly a decade before he was charged with murdering his parents Sunday. The 2016 amateur clip resurfaced this week as the 32-year-old son was accused of fatally stabbing…
Read MoreSembcorp’s purchase of Australia’s Alinta Energy has green risks
Post-acquisition, the Australian utility may present significant capital expenditures or a slower-than-expected green transition [SINGAPORE] At the heart of Sembcorp’s plan to buy Australian utility Alinta Energy is the chance to get a firm foothold in a potentially massive market for renewables. But Alinta is a company that still has a long decarbonisation transition ahead,…
Read MorePop Mart’s 40% stock rout shows growing worry over Labubu crash
Concerns remain whether Labubu is a durable long-term character or a fashion trend LABUBU mania appears to be ebbing as quickly as it surged, driving a roughly 40 per cent rout for former market darling Pop Mart International Group that’s raising questions over the company’s long-term prospects. A disappointing US Black Friday and cooling resale…
Read MoreJoe Burrow gives curious answer to question about Bengals future
Just a passing comment or a window into the mind of an unhappy quarterback? That’s the question football fans are asking after Joe Burrow’s eye-raising response on Wednesday as the Bengals star discussed the rumors around his NFL future. Burrow, 29, stirred up drama when he made comments last week, when he suggested he was…
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