Despite capital inflow into “smart-beta” exchange traded funds (EFT) hitting a record high globally, take-up for the new breed of EFTs – which track every conceivable segment of the market – by Chinese investors remains cool.
Cash flow statements and debt refinancing plans of O&M (offshore and marine) counters have come under intense scrutiny, as analysts and stakeholders attempt to distinguish players more at risk than others.
I was shopping for fruit at a Bangkok supermarket, feeling rather perplexed. There I was, a Singaporean earning a salary that was easily many times that of the average Thai. But I was reluctant to spend. The items on offer were even more expensive than Singapore prices: normal-looking small apples at S$1 each, withered navel oranges going for S$2, and bags of grapes going for S$15.
After US multi-level marketing company Herbalife settled a probe of its sales practices with the US Federal Trade Commission last month, top executives assured investors that the company would be able to thrive under the new rules.
The full-year net loss of $12.5 million racked up by property investment firm Imperium Crown means it may be in trouble for paying out dividends without generating the profits to foot the bill.
When a team of hackers discovered that St Jude Medical Inc's pacemakers and defibrillators had security vulnerabilities that could put lives at risk, they didn't warn St Jude. Instead, the hackers, who work for cybersecurity startup MedSec, e-mailed Carson Block, who runs the Muddy Waters Capital LLC investment firm, in May. They had a money-making proposal.
After suffering through a 953 per cent rally in shares of Yirendai Ltd since mid-February, hedge funds and other bearish speculators were rewarded over the past four days as the Chinese peer-to-peer lender sank 35 per cent in US trading. Holding on to the trade has been especially costly after annualised borrowing rates for Yirendai shares jumped to about 40 per cent, the highest level among big Chinese companies tracked by IHS Markit Ltd.
In the first "front running" case being prosecuted for insider trading here, the Monetary Authority of Singapore (MAS) slapped more than 300 charges on two dealers from First State Investments Singapore (FSI) and a remisier with UOB Kay Hian for alleged offences involving counters listed in Singapore and abroad.
China Bearing, which became a cash company after disposing of its operating subsidiary in December last year, is acquiring an Indonesian nickel ore mine via a reverse takeover.
The Singapore Exchange (SGX) is imposing a moratorium on its minimum trading price (MTP) requirement while it seeks feedback on adding a market capitalisation test to existing criteria.
Bankrupt former IPCO International CEO Quah Su-Ling and LionGold Corp’s director of business and corporate development Peter Chen are among eight parties that have been ordered to pay $17.488 million to the defendants in a lawsuit initiated four years ago. And, the details of the legal tangle, which has not been widely discussed, provide an interesting backstory to the penny stock crash of October 2013 that sparked Singapore’s biggest securities fraud investigation. The Edge
ISR Capital declined to reveal the identity of the subscriber of debt securities recently issued by one of its subsidiaries, and did not specifically state the names of the individuals and companies related to its overdue trade receivables $2.382 million as at June 30, despite being asked to do so by the Singapore Exchange.
Short-sellers who made their names and fortunes wiping billions off Chinese and Southeast Asian companies are setting their sights on Japan after a series of accounting scandals amplified concerns about weak corporate governance there.
The son of Malaysia's former finance minister Daim Zainuddin was made a bankrupt last week over some $1.65 million in debts that he owed to Maybank Kim Eng Securities.
Tired of spending hours at her Beijing bank discussing her finances and a myriad of investment options with her account manager, Lauren Ma turned to Lingji, a phone app that pre-selects a range of assets and trades for her automatically.
The board of ISR Capital is making a mockery of the notion of conflict by insisting that there is no issue with taking deal advice from someone who also sits on the opposite side of the table.
ISR Capital has revealed that it is taking advice on a major acquisition from a corporate advisor whose partner is also a director of the vendor in the deal, according to the company's replies to queries from the Singapore Exchange (SGX).
Singapore Medical Group (SMG) on Thursday rose as much as two cents or 7.4 per cent to S$0.29 in early trading, after RHB initiated coverage on the specialist healthcare provider with a "buy" rating and a target price of S$0.45.
The fate of Swiber Holdings may now be hanging precariously in the balance, but the home-grown company was once a darling in the offshore and marine industry.
With about S$1 billion in Singapore oil-and-gas bonds due by next year, fears are building that Swiber's collapse will trigger a domino effect on its peers.
Shares in Noble Group continued to fall on Wednesday in heavy trading as investors sold the rights shares ahead of their listing on Thursday and as more traders jumped on the selling bandwagon amid the plunge.
Homegrown startups are making a name for themselves. On Monday, crowdfunding platform Crowdo reported that it has received the coveted full licence to conduct securities crowdfunding here, while tech media platform e27 announced that it has raised S$3 million in Series A funding.
Plenty of people are asking when the Government will reduce or remove the Additional Buyer's Stamp Duty, but perhaps the real question is whether it will do so at all, given recent comments that suggest the slew of stamp duties and taxes on property may be here to stay
When the possibility of having a listed regulator was first raised as a suitable model for the local stock market in the late 1990s, not only was it novel - it appeared to have plenty of appeal. After all, not only had other markets adopted it, but who better to police the universe of listed entities than one of its own?
The swift turn of events and the company's clarification announcements suggest that there might not have been adequate deliberation by the board of directors on its courses of action and the implications of its decisions.