The Daily Edge
Credence Capital subscribes to new XMH shares worth $10mil
XMH Holdings, the diesel engine, propulsion and power generating solution provider in the marine and industrial sectors, said the group has welcomed Credence Capital Fund II (Cayman) Limited as a prospective new substantial shareholder of the group.
Singapore’s Changi Sseeks growth With Gold, Tuna
Changi Airport, Southeast Asia’s largest freight airfield, plans to attract more gold bars, tuna and vaccines to Singapore as it seeks to increase handling of high-value cargo to make up for slowing trade. The airport may process 7% more cargo by volume for pharmaceutical products such as vaccine and test drugs, as well as perishable goods including tuna and meat this year, James Fong, assistant...
Singapore’s STI +0.1%; 3,420-3,460 range tipped
Singapore’s STI inches up 0.1% to 3,454.19, remaining buoyant amid a continuing global rally in stocks. But Kevin Scully, executive chairman at NRA Capital, questions the sustainability of the rally.
May 13: Biosensors, Sembcorp,Tiger Air
Singapore share prices ended flat on Friday, remaining resilient despite Wall Street's dip overnight because of concerns about US Federal Reserve's support for the economy and disappointing jobs data. The blue-chip Straits Times Index (STI) ended 0.1% or 2.98 points lower at 3,449.30. Here are some stocks to watch this Monday morning: Biosensors International, which develops and produces medical...
STI hits 5-1/2-year high; SIA dips
Singapore shares hit their highest in nearly five-and-a-half years, while Singapore Airlines was on course for its biggest daily drop in nearly 19 months after posting disappointing results. The Straits Times Index rose nearly half a% to 3,457.07 points, its highest since the beginning of 2008, and the MSCI's broadest index of Asia-Pacific shares outside Japan inched down 0.2% .
Blog Heads
Weekend Comment May 17: SIA rewards shareholders through thick and thin
SINGAPORE AIRLINES HAS reported earnings for the full year ended March 2013, which surprised on the upside despite continuing headwinds in the aviation industry. The carrier reported a net profit attributable to shareholders of $379 million, 13% higher than the year before, and is paying out a total...
Lim Yin Foong: Tax breaks make Britain more business-friendly
The Cumbrian town of Ulverston near the UK’s Lake District is renowned for its many festivals, and is also famous as the birthplace of Stan Laurel of the famed Laurel and Hardy comedic duo. Its more recent claim to fame, however, is the proposed site of a £350 million ($667 million)...
Daryl Guppy: Shanghai Index has trend breakout behaviour
CHINA CONTINUES WITH a Go Global policy under the new leadership, but it is more sophisticated than previous policies. In the past it was sometimes sufficient to be a state- owned enterprise (SOE) and have loads of money to throw at anything that looked like an investment opportunity. That has changed,...
Weekend Comment May 10: Is it time to sell StarHub?
SHARES OF TELECOMUNICATIONS service provider StarHub fell 2.7% to $4.60 on May 10 following its earnings report and dividend announcement for the first three months of FY2013. The shares had hit a 52-week high of $4.73 on May 8, and are up 21.4% since the start of the year. For the three months...
Manu Bhaskaran: How will a new-look Japan impact Asia?
AFTER TWO DECADES of drift and deflation, Japan has come alive again. The yen has devalued by more than 20% and a transformed Bank of Japan (BOJ) has eased monetary policy aggressively. For once, Japan has a government whose popularity is actually rising after taking office, unlike previous ones whose...

SingTel is hitting all-time highs as CEO Chua Sock Koong improves its capacity to pay dividends and positions it to ride the mobile data boom. Can the stock keep rising? Get your copy of The Edge Singapore today.
Four years on, Michael Kum’s M&L Hospitality has 12 hotels worth $1.3 billion, and he intends to double the portfolio in as many years. Will the new kid on the block become a major player in the hotel sector?
Capital Dynamics founder and fund manager Tan Teng Boo uses a flexible ‘bamboo’-style value approach towards international equity investing. Find out which stocks and markets he is betting on.
Kino Biotech founder Ting Yen Hock wants to build Kinohimitsu into a leading brand for all-natural health drinks and detox pads, as one of Southeast Asia’s last big markets opens up.
Steven Lam has taken over the reins of The Canary Diamond Company from his father, William. Now, the former banker and retail manager is introducing new ideas and planning to expand in a bid to reach a younger generation and grow the business.
A 646 sq ft unit apartment at the 302- unit Martin Place Residences was sold for $1.55 million, or $2,400 psf last month. The price is the second highest achieved at the development, which was completed two years ago. The all time-high deal of $2,415 psf for an even smaller one-bedroom unit of 592 sq ft was recorded in December 2011. 