Posts by Liam Redmond
JD.com’s food delivery foray unnerves investors as shares lag
INVESTORS in shares of JD.com face a gut check in next week’s earnings report from the online retailer as it girds for battle in the food-delivery space currently dominated by Meituan. JD.com officially launched its JD Takeaway platform earlier this month, while a number of its Chinese tech peers were garnering attention with artificial intelligence…
Read MoreGold set for first weekly drop in nine; focus on US inflation data
GOLD edged higher on Friday (Feb 28) but was set to snap an eight-week winning streak on a stronger US dollar, while investors turned their focus to a key US inflation data for cues into the Federal Reserve’s monetary policy trajectory. Spot gold was up 0.1 per cent at US$2,879.09 an ounce, as at 0030…
Read MoreDaiwa House Logistics Trust H2 DPU Drops 10.3% to S$0.0234
The manager of Daiwa House Logistics Trust on Friday (Feb 28) posted a distribution per unit (DPU) of S$0.0234 for its second half ended Dec 31, down 10.3 per cent from S$0.0261 in the previous corresponding period. This brings the total DPU for FY2024 to S$0.0479, down 8.2 per cent from S$0.0522 in FY2023. Its…
Read MoreAaron Glenn familiarity makes R.J. Mickens an intriguing Jets draft option
INDIANAPOLIS — Jets coach Aaron Glenn is here at the NFL Scouting Combine getting to know the players in this year’s draft. But there’s one player here who Glenn has known since the day he was born — Clemson safety R.J. Mickens. Mickens is the son of Ray Mickens, who played with Glenn at Texas…
Read MoreHPL swings into the black with S$32.1 million H2 net profit, reversing H1 loss
HOTEL Properties Limited (HPL), the real estate player owned by tycoon Ong Beng Seng, posted net profit of S$32.1 million for the second half ended Dec 31, plunging from S$578.2 million in the prior corresponding period This reversed the hotel operator’s net loss of S$4.9 million recorded for its first half ended Jun 30, 2024,…
Read MoreOlam shares fall 11% amid steep profit drop
SHARES of Olam Group dived about 11 per cent just after the market open on Friday (Feb 28), as it posted an 83.4 per cent fall in net profit. At around 9.12 am, Olam shares recovered slightly to S$0.96, a nearly 8 per cent decline. Before the market open, the agribusiness giant reported a net…
Read MoreSingapore hedge fund with 33% gain bets big on Suzuki Motor
Suzuki’s shares have more than doubled since a 2022 low, beating the MSCI world auto benchmark’s 2.9 per cent rise A SINGAPORE-BASED hedge fund that beat the market with a 33 per cent return last year said Suzuki Motor’s robust India strategy will help shelter its portfolio from global trade risks. The Japanese automaker’s limited…
Read MoreAustralia’s Star Entertainment expects to get liquidity offers, shares slump on pending results
The company is expected to report an underlying loss of A$79.5 million for the six months ended Dec 31, according to Visible Alpha consensus estimates CASINO operator Star Entertainment said on Friday (Feb 28) it is expecting to receive one or more liquidity proposals during the day, with its first-half results only to be finalised…
Read MoreFirst Resources H2 profit climbs 91.9% to US$141.8 million
FIRST Resources on Friday (Feb 28) reported a 91.9 per cent surge in net profit to US$141.8 million for the second half ended Dec 31, from US$73.9 million in the previous corresponding period. This came as profit from operations rose 90.3 per cent to US$193.5 million from US$101.7 million, on the back of “record production…
Read MoreBarnard’s spoiled protesters expose the spineless leadership of colleges and New York’s pols — again
Tentifada season is back on campus. On Wednesday night, dozens of anti-Israeli invaders pushed their way into Barnard College’s Milbank Hall, banging drums and chanting “resistance is justified when people are occupied” and other genocidal slogans from the “The Idiot’s Guide to Intifada.” On the walls, the masked up thugs organized by Columbia University Apartheid…
Read MoreZheneng Jinjiang H2 profit surges over 26 times to 411.6 million yuan; S$0.023 cash dividend proposed
This translates to an earnings per share of 0.2838 yuan for the half-year period, up from 0.0105 yuan the previous year CHINA-BASED waste treatment group Zheneng Jinjiang Environment reported a net profit of 411.6 million yuan (S$76.2 million) for the second half ended Dec 31, rising to more than 26 times the 15.3 million yuan…
Read MoreZheneng Jinjiang H2 profit surges over 26 times to 411.6 million yuan; S$0.023 cash dividend per share proposed
CHINA-BASED waste treatment group Zheneng Jinjiang Environment reported a net profit of 411.6 million yuan (S$76.2 million) for the second half ended Dec 31, rising more than 26 times the 15.3 million yuan it posted the prior corresponding period. This translated to an earnings per share (EPS) of 0.2838 yuan for the half-year period, up…
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