Posts by Liam Redmond
Yangzijiang Shipbuilding posts 24.6% rise in H2 profit to 4.5 billion yuan
[SINGAPORE] Yangzijiang (YZJ) Shipbuilding on Wednesday (Feb 25) reported a net profit of 4.5 billion yuan (S$827.4 million) for the second half ended Dec 31, 2025 – 24.6 per cent higher than the 3.6 billion yuan recorded in the corresponding year-ago period. H2 revenue stood at 15.6 billion yuan, a 15.8 per cent year-on-year increase…
Read MoreSingapore Land H2 profit down 11% at S$160.9 million; declares dividend of S$0.045 per share
But revenue for the period is up 6% at S$414.9 million from S$390.5 million previously [SINGAPORE] Property developer Singapore Land Group posted a 11 per cent fall in net profit for H2 2025 to S$160.9 million from S$180.5 million in the previous corresponding period. In a regulatory filing on Wednesday (Feb 25), the mainboard-listed subsidiary…
Read MoreByteDance valued at US$550 billion in proposed share sale by General Atlantic
This marks a 66% jump in value since a share buyback last year priced the company at more than US330 billion Published Wed, Feb 25, 2026 · 06:53 PM [NEW YORK/HONG KONG] Investment firm General Atlantic is selling an equity stake in ByteDance in a deal that values the Chinese social media giant at US$550…
Read MoreGenting Singapore leads STI’s 0.3% decline on Wednesday
[SINGAPORE] Singapore stocks ended lower on Wednesday (Feb 25), bucking regional gains, which tracked advances in the US market on artificial intelligence (AI) optimism. The benchmark Straits Times Index (STI) lost 0.3 per cent or 13.06 points to finish at 5,007.73. Meanwhile, the iEdge Singapore Next 50 Index remained mostly unchanged at 1,526.59. Across the…
Read MoreAston Martin to cut up to 20% of staff as turnaround stalls
Published Wed, Feb 25, 2026 · 04:56 PM [LONDON] Aston Martin Lagonda Global Holdings will cut as much as a fifth of its roughly 3,000 workforce, as the ailing luxury-car maker grapples with an elusive turnaround made harder by US President Donald Trump’s tariffs. The British company expects savings of around £40 million (S$68.1 million)…
Read MoreOCBC bank explores physical gold custody business for institutional, wealthy clients
Published Wed, Feb 25, 2026 · 04:09 PM [SINGAPORE] Singapore’s Oversea-Chinese Banking Corp (OCBC) is exploring setting up a custody business for physical gold geared toward institutional and high-net-worth clients, as demand for its app-based trading product accelerates, senior executives said on Wednesday (Feb 25). The potential move by the second-largest bank in Singapore comes…
Read MoreDeliveroo pulls out of Singapore after 10 years
[SINGAPORE] Food delivery platform Deliveroo is exiting the Singapore market after a decade, with the final day of service set to be Mar 4. Parent company DoorDash said the decision is “not an indication of the business performance”. It will also be ceasing operations in Qatar, Japan and Uzbekistan across its Deliveroo and Wolt brands.…
Read MorePrivate credit fund is selling US$477 million of assets at 94% value as industry worries continue
Published Wed, Feb 25, 2026 · 01:47 PM [NEW YORK] A New Mountain private credit fund sold US$477 million of assets at 94 cents on the dollar, at a time when investors have grown increasingly concerned about the risks underlying the US$1.8 trillion market. New Mountain Finance, a business development company, said that it was…
Read MoreHSBC profit beats as wealth division boosted by client income
The bank is preparing to move towards a more Wall Street-style compensation model Published Wed, Feb 25, 2026 · 12:53 PM [LONDON] HSBC Holdings reported better-than-estimated earnings for 2025 as Europe’s largest bank closed out a year in which its market value broke through £200 billion (S$342 billion) for the first time in its history.…
Read MoreSIA’s Q3 financials beat street consensus; analysts expect share price to rise
DBS believes group’s better-than-expected passenger yields are ‘a potential early sign of an inflection point’ [SINGAPORE] Singapore Airlines’ (SIA) third-quarter financial performance beat street estimates, with analysts seeing early signs of pricing recovery. The airline on Tuesday (Feb 24) posted a 25.9 per cent year-on-year improvement in operating profit to S$792 million for the quarter…
Read MoreSouth Korea approves first petrochemical restructuring deal as supply glut weighs
Published Wed, Feb 25, 2026 · 11:05 AM [SEOUL] South Korea’s industry ministry said on Wednesday (Feb 25) that it has approved the country’s first petrochemical industry restructuring project, offering a support package worth more than two trillion won (S$1.8 billion) to help companies weather a prolonged sector downturn. The ministry approved a plan submitted…
Read MoreUBS now sees private credit defaults reaching 15% in worst case
Published Wed, Feb 25, 2026 · 09:44 AM [WASHINGTON] A few weeks ago, analysts at UBS Group laid out a worst-case scenario for defaults in the private credit sector. Their outlook is even more grim now. Strategists, including Matthew Mish, now say private credit could see default rates surge as high as 15 per cent,…
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