Articles by Daniel Marsh
Welspun Corp Shares Hit Record High on Aramco Contract Win via Associate
Welspun Corp shares touched a record high of ₹2,797.60 after its 22%-owned associate East Pipes secured a SAR771 million Aramco contract. The stock trades above analyst targets, but volume remains thin.
Motio Surges 13.5% on IVE Cash Offer; Stock Nears Bid Price
Motio shares jumped 13.5% after accepting IVE's cash takeover, closing at A$0.059, just below the A$0.060 offer. The deal awaits shareholder and court approval.
SoftBank's $11B Bond Sale to Test Debt Markets on Thursday
SoftBank Group launches $10B USD and €1B EUR bond sale to finance its OpenAI commitment, with pricing set for September 24. The deal tests credit appetite for AI exposure.
New Hope's Dividend-Adjusted Slide Masks Deeper Analyst Concern
New Hope's 30-cent dividend explains most of Monday's 6.1% drop, but a 1.5% adjusted decline and a Bell Potter downgrade signal deeper valuation concerns.
Asian Markets Rally on Chip Gains; Europe Awaits Rate Decisions
Asian markets rose Monday, with South Korea's KOSPI surpassing 7,000 on chip gains. Europe faces a busy week with PMI data and three rate decisions.
RVNL Shares Dip Despite ₹404.88 Crore Rail Order; Market Cites Priced-In Award
RVNL shares slipped 1.37% despite a ₹404.88 crore rail order, as the award was already disclosed and represents a small fraction of its backlog.
Boustead Singapore Shares Ease 1.1% on Cyber Breach; Key Details Omitted
Boustead Singapore shares slipped 1.1% after a cyber incident at an overseas unit. Critical systems were restored, but key details like the unit and costs remain undisclosed.
Suntec REIT Dips on Australian Asset Sale Plan
Suntec REIT slipped 0.7% after unveiling plans to sell three Australian offices valued at S$1.04B, a move that could reduce leverage but sacrifices fully occupied assets.
Lenovo Stock Pulls Back 4.7% After Record Rally, AI Server Margins in Focus
Lenovo shares dropped 4.7% on Monday after a record-setting rally, raising questions about AI-server margin sustainability. The stock remains 14.7% above its September 15 close.
Australia's 40-Year Outlook: Slower Growth, Higher Spending Weigh on ASX
Australia's latest Intergenerational Report forecasts slower population and GDP growth over 40 years, while government spending rises. The ASX 200 barely moved, but rate hike odds remain high.
Walmart Faces Rising Liability Costs After Fatal Norfolk Incident
A fatal June incident at a Norfolk Walmart has renewed focus on rising liability costs for the retail giant, though police have not charged Walmart. Shares closed at $106.73.
Helloworld's A$135M Crown Currency Buy Raises Debt and Dilution Alarms
Helloworld Travel's A$135M acquisition of Crown Currency Exchange, funded by debt and vendor shares, raises debt and dilution concerns for investors.