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The debate over whether Malaysia Airports Holdings (MAHB) should be privatised is practically over. On Nov 15, the Malaysian Aviation Commission (Mavcom) gave the green light to the Khazanah Nasional-led consortium’s proposed RM10.3 billion ($3.1 billion) takeover of MAHB, removing the regulatory hurdle for the deal to close.
Oiltek International, led by CEO Henry Yong, is an established integrated process technology and renewable energy solutions provider in the vegetable oil industry. It offers solutions for all types of vegetable oils, including palm oil, soybean oil and rapeseed oil, which are some of the world’s major agricultural commodities.
1. What is Oiltek’s business about, and what are some of its key business segments?
Wall Street prognosticators tend to huddle around the consensus, afraid to stand out for fear of being wrong. Then there’s Tom Lee.
The chief investment officer at Fundstrat Capital has made his name with bold calls (the S&P 500 at 15,000; Bitcoin to US$10 million). His unabashedly bullish takes, for which he makes no apologies, have drawn legions of online followers in this anything-goes era of market speculation — fueled by do-it-yourself retail investors.
DBS Group Research has kept its "buy" call on Seatrium and $3 target price following its Nov 25 announcement that it is eyeing the offshore rig market of India with a local partner.
Under an MOU signed with Cochin Shipyard (CSL), the partners will jointly design and supply critical equipment for jack-up rigs for India.
Singapore’s FY2024 growth forecast for total merchandise trade and non-oil domestic exports (NODX) have narrowed to around 5% and 1% respectively, following weaker-than-expected 3Q2024 growth, due to volatile pharmaceuticals as well as ships and boats segments.
On a y-o-y basis, NODX grew by 9.2%, after the 6.5% decrease in the previous quarter. Electronics grew faster in 3Q2024, marking the second consecutive quarter of growth, while non-electronics rebounded after two quarters of declines.
When US innovation stagnates, tariffs are imposed to protect inefficient local industries. This move is not a new phenomenon. The tariffs proposed by President-elect Donald Trump harken back to his youth when the same method was applied to Japan to stop the rising number of Japanese imports into the US.
Sustained growth in wages and income must be underpinned by sustained improvement in worker productivity, in order for domestic businesses to maintain global competitiveness. Countries with greater relative export competitiveness tend to also have stronger currencies — and a higher standard of living — over the longer term. And the underlying driver for productivity gains is an educated and skilled workforce.
As China gears up for a potential fiscal stimulus, the ripple effects are already being felt in the Hong Kong market. Stocks surged during China’s National Day holidays, driven by optimism surrounding government interventions to boost the economy.
With key sectors like e-commerce and technology poised for recovery and the introduction of Singapore Depository Receipts (SDRs) making Hong Kong stocks more accessible, investors now have a unique opportunity to capitalise on this momentum. Let us find out how to leverage these developments for your investment portfolio.
Currently in the pilot stage with selected customers, GXS Bank is on track to launch its business banking solutions in the first quarter of 2025 in Singapore, before a progressive rollout in Malaysia and Indonesia.
In Singapore, the bank will first provide its business banking services to sole proprietorships and micro-businesses, typically underserved by traditional business banking services. As such, they generally have unmet financial needs including access to loans for business expansion, says group head of business banking Vishal Shah.
CGS International analysts Kenneth Tan and Ong Khang Chuen have kept “buy” on China Sunsine Chemical with a target price of 47 cents following the company’s 3QFY2024 ended September results release.
For its 3QFY2024, China Sunsine posted net profit of RMB93 million, up 43% y-o-y. This is largely in line with expectations, the analysts note. Revenue grew slightly by 1% y-o-y to RMB884 million as stronger average selling prices (ASPs) was slightly offset by weaker volumes.
