Articles by Daniel Marsh
Singapore Airlines Shares Dip Ahead of Quarterly Business Report
Singapore Airlines shares declined 0.3% to S$6.78 amid moderate trading volume, with investors awaiting the carrier's third-quarter business update on February 24 for insights on demand and Air India performance.
SGX Shares Gain as January Trading Volumes Surge 66%
Singapore Exchange shares advanced slightly after reporting a 66% year-on-year jump in January securities turnover to S$34.6 billion. Derivatives volume reached its highest level since March 2020.
Seatrium Faces Petrobras Arbitration Over $55.7 Million FPSO Dispute
Seatrium shares rose 0.5% after its Jurong Shipyard unit initiated arbitration against Petrobras Netherlands to recover a withheld $55.7 million payment tied to a 2004 FPSO contract. The financial impact remains uncertain as proceedings begin in London.
Yangzijiang Shares Gain on Renewed Shipbuilding Orders Amid Mixed Freight Signals
Yangzijiang Shipbuilding shares advanced 3.4% as Maersk's new vessel order signaled potential demand recovery, while investors monitor freight rate pressures and import data.
DroneShield Stock Surges on Key Executive Appointment Ahead of Financial Results
DroneShield shares climbed 7.3% following the appointment of former Thales Australia executive Michael Powell as Chief Operating Officer. Investors now await the company's FY2025 results, scheduled for release on February 19.
CSL Leadership Transition Weighs on ASX Amid Tech Rebound
CSL shares fell nearly 5% following CEO Paul McKenzie's unexpected retirement, overshadowing a broader market recovery led by technology stocks. The S&P/ASX 200 closed essentially flat at 8,867.4.
Suncorp Leads Insurance Sector Sell-Off Amid AI Disruption Fears
Suncorp shares dropped 4.24% as investor concerns over ChatGPT-powered insurance applications sparked a sector-wide decline. The sell-off comes ahead of the company's half-year results on February 18.
NAB Shares Steady Ahead of Quarterly Update Amid Shifting Rate Expectations
National Australia Bank shares closed flat at A$43.98 in a volatile session as investors await next week's trading update. The bank will raise variable home loan rates following the RBA's latest hike.
CSL CEO Steps Down Ahead of Earnings, Interim Leader Named as Shares Slide
CSL announced CEO Paul McKenzie's retirement, with Gordon Naylor appointed interim chief effective February 11. The leadership change comes one day before the company's half-year results.
BHP Gains on ASX as Copper Expansion and Port Reopening Draw Investor Attention Ahead of Earnings
BHP shares advanced 1.1% to A$50.26, with focus on its copper investment plans and the reopening of key iron ore ports. The miner reports half-year results on February 17.
Westpac Shares Slide on CIO Retirement Announcement Ahead of Key Banking Results
Westpac shares declined 1.8% following news that Chief Information Officer Scott Collary will retire this year. The broader banking sector softened ahead of Commonwealth Bank's earnings report, while consumer sentiment hit a 10-month low.
AI Energy Startup Tem Secures $75M, Hasbro Rally Analyzed, Micro-Cap Plummets
London's Tem raises $75M in Series B funding to expand its AI-driven electricity platform. Hasbro stock shows a 69% rally but DCF suggests undervaluation, while Finaxo Environnement drops sharply in thin trading.