Posts by Swedan Margen
TSMC January sales growth slows after DeepSeek roils market
TSMC’s outlook is overshadowed by US President Donald Trump’s threats to slap tariffs on semiconductor imports TAIWAN Semiconductor Manufacturing Company’s (TSMC) sales growth decelerated from the December quarter as Nvidia’s main chipmaker grapples with industry-wide questions surrounding artificial intelligence (AI) spending. Revenue in January grew 36 per cent to NT$293.3 billion (S$12 billion), compared to…
Read MoreTaiwan’s legacy chip industry contemplates future as China eats into share
WHEN Taiwan’s Powerchip Technology entered a deal with the eastern Chinese city of Hefei in 2015 to set up a new chip foundry, it hoped the move would help provide better access the promising Chinese market. Nine years later, however, that Chinese foundry, Nexchip, has become one of its biggest rivals in the legacy chip…
Read MoreDongfeng jumps on bets consolidation will sweep China car market
DONGFENG Motor Group surged almost 90 per cent in Hong Kong after the Chinese automaker said its parent company plans to restructure, a move investors speculated could kick start a wave of consolidation in the nation’s ultra-competitive car market. Dongfeng Motor is planning a restructuring with other central state-owned enterprise groups that may lead to…
Read MoreNippon Steel slumps after Trump suggests US Steel investment
NIPPON Steel slumped the most in four months after a closely watched summit between US President Donald Trump and Japanese Prime Minster Shigeru Ishiba heightened uncertainty over the company’s plan to acquire United States Steel. The leaders said Nippon Steel may make a significant investment in the US steelmaker instead, surprising investors. Shares in the…
Read MoreSingapore’s STI breaks through to a new record as banks hit fresh highs
The three banks, which contribute to about half of the STI, have hit highs multiple times in the past year SINGAPORE’s Straits Times Index (STI) has broken through to a new record high on Monday (Feb 10). The index traded as high as 3,912.38 just after the open. Its last record was 3,906.16 on Oct…
Read MoreHonda, Nissan results will highlight flaws as deal set to fail
THE likely fallout of Honda Motor’s short-lived alliance with Nissan Motor spells trouble for both companies, but probably one more than the other. Nissan, which has struggled for years with revolving-door leadership and an outdated product lineup, may have doomed itself if it ultimately rejects Honda’s attempted takeover. And while Honda may have dodged a…
Read MoreDBS shares vault past S$46 in intraday trading on strong results, capital return dividend plan
SHARES of DBS rose to a historic level after it announced an additional dividend payout for FY2025 on top of its regular dividends, alongside yet another record full-year net profit. The counter climbed as much as 4.1 per cent or S$1.82 to reach an intraday and all-time high of S$46.50 shortly after market opened on…
Read MoreDBS crosses S$46 for first time to hit new high on strong results and capital return dividend plan
SHARES of DBS rose to a historic level after it announced a capital return dividend of S$0.15 per share per quarter to be paid out over FY2025 alongside its fourth-quarter results, which saw full-year net profit hit a new record of S$11.29 billion. As at 9.02 am, the counter climbed 4.1 per cent or S$1.82…
Read MoreStocks to watch: DBS, Suntec Reit, Frasers Property, Hutchison Port, Zheneng Jinjiang, Creative Tech
THE following companies saw new developments that may affect trading of their securities on Monday (Feb 10). DBS: The lender posted net profit for the fourth quarter that was 11 per cent higher compared to the year-ago period at S$2.52 billion, but it fell slightly short of expectations. That brought the bank’s full-year net…
Read MoreElite UK Reit posts 5.8% rise in H2 DPU to 1.47 pence
THE manager of Elite UK Reit on Monday (Feb 10) posted a distribution per unit (DPU) of 1.47 pence for the second half (H2) ended Dec 31, representing a payout ratio of 95 per cent. This was 5.8 per cent higher than the 1.33 pence paid in the year-ago period, which was based on a…
Read MorePimco seeks to grow 60/40 fund to US$2 billion on Asia expansion
PACIFIC Investment Management Company (Pimco) is seeking to grow assets in a multi-asset mutual fund by 25 per cent to US$2 billion this year, betting that a 60/40 equity-debt split will attract more investors in Asia. The company’s Balanced Income and Growth Fund will distribute in Taiwan this year, after already being offered in mainland…
Read MoreTrump set to announce 25% steel and aluminium tariffs in latest trade salvo
PRESIDENT Donald Trump is expected to introduce new 25 per cent tariffs later on Monday (Feb 10) on all steel and aluminium imports into the US, on top of existing metals duties, in another major escalation of his shake-up of trade policy. As the risk mounts of a multi-front trade war, the European Union flagged…
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