Posts by Liam Redmond
RHB initiates “buy” on Coliwoo amid rising expat, foreign student demand
[ad_1] The bank assigns it a target price of S$0.82, a 41% upside from its latest closing price of S$0.58 on Wednesday [SINGAPORE] RHB has initiated coverage on co-living operator Coliwoo with a “buy” call, citing demand tailwinds for mainboard-listed company and profit growth forecasts. On Thursday (Jan 15), the bank assigned Coliwoo a target…
Read MoreChina drinks maker Eastroc Beverage said to gauge interest for billion-dollar plus Hong Kong listing
[ad_1] The company makes energy and sports beverages, as well as other soft drinks such as teas and juices [HONG KONG] Chinese energy-drink maker Eastroc Beverage Group has started gauging investor interest for a second listing in Hong Kong that may raise more than US$1 billion, according to sources familiar with the matter. The company,…
Read MoreVideo reveals Bengals’ Cam Taylor-Britt car flipping during terrifying November crash
[ad_1] Bengals corner Cam Taylor-Britt is back in the headlines for all the wrong reasons. Days after he spent five days in jail related to a separate traffic charge, footage has come out showing a terrifying car crash that involved the NFL star in November, Local 12 in Cincinnati reported. Surveillance footage captured the moment…
Read MoreBHP, Rio Tinto are joining forces to boost iron ore pipeline
[ad_1] Miners are trying to balance growth against capital discipline, and are increasingly looking at ways to squeeze efficiencies out of existing infrastructure [MELBOURNE] BHP Group and Rio Tinto Group, the world’s two biggest mining companies, are poised to join forces in Australia’s Pilbara iron ore hub to produce up to 200 million tonnes of…
Read MoreTrump backs Venezuela staying in Opec
[ad_1] [WASHINGTON] President Donald Trump said on Wednesday that he believes it would be better for Venezuela to remain in the Organization of the Petroleum Exporting Countries, or Opec, but added he was unsure if that would be a better situation for the United States. “Well, I think it’s better for them if they do it,” Trump said in…
Read MoreAlibaba takes major step to link Taobao shopping to main AI app
[ad_1] [HONG KONG] Alibaba Group Holding plans to link its flagship online shopping and travel services to its AI app, taking its biggest step yet to build Qwen into its one-stop artificial intelligence (AI) platform for consumers. China’s online retail leader aims to connect Taobao, Alipay, travel service Fliggy and Amap to the Qwen app…
Read MoreTish Cyrus admits to ‘self-medicating’ with weed after ‘tragic’ Billy Ray divorce
[ad_1] Tish Cyrus admitted to “self-medicating” with weed after her “tragic” divorce from Billy Ray Cyrus and the death of her mom, Loretta Finley. “I’ve been very open that I was a major weed smoker,” she told host Tay Lautner during her appearance on Wednesday’s episode of “The Squeeze” podcast. “I’ve always had a little…
Read MoreWells Fargo misses profit estimates on severance costs, shares fall
[ad_1] WELLS Fargo missed analysts’ profit estimates in the fourth quarter on Wednesday, after it booked US$612 million in severance expenses as part of CEO Charlie Scharf’s effort to streamline operations, sending the bank’s shares lower. Its shares closed down 4.6 per cent at US$89.25, recording its biggest one-day percentage loss in six months. The…
Read MoreIran temporarily closes airspace to most flights, forcing airlines to reroute
[ad_1] [WASHINGTON] Iran closed its airspace temporarily to most flights late on Wednesday, forcing airlines to cancel, reroute or delay some flights, amid concerns about possible military action between the United States and Iran. Iran said in a notice posted by the US Federal Aviation Administration that it had closed its airspace to all flights…
Read MoreBank of Korea stands pat as board wary of weak won, property market rally
[ad_1] [SEOUL] South Korea’s central bank left its benchmark interest rate unchanged in a widely expected move, as authorities monitor the weakening won along with risks of financial imbalances stemming from a persistent property market rally. The Bank of Korea (BOK) held its seven-day repurchase rate at 2.5 per cent for a fifth straight meeting…
Read MoreDBS lifts target price of ST Engineering, Sats; cuts SIAEC to ‘hold’
[ad_1] [SINGAPORE] DBS Group Research downgraded SIA Engineering Company (SIAEC) to “hold” and raised its target prices for ST Engineering and Sats , as it advised investors to shift their exposure from Asia-Pacific airlines to upstream aviation service providers. ST Engineering and Sats offer “superior” earnings visibility compared to airlines such as Singapore Airlines (SIA)…
Read MoreSingapore shares edge lower at Thursday’s open; STI dips 0.1%
[ad_1] Investors continue to wait in uncertainty after the US Supreme Court did not issue a ruling on the challenges to ‘Liberation Day’ tariffs [SINGAPORE] Singapore stocks edged lower at market open on Thursday (Jan 15), tracking overnight losses on Wall Street. The Straits Times Index (STI) shed 3.83 points or 0.1 per cent to…
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