Posts by Swedan Margen
Stocks to watch: CICT, Nio, Clar, CDL, HPH Trust, Low Keng Huat, First Reit
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Feb 6): CapitaLand Integrated Commercial Trust (CICT) : The trust on Friday posted a distribution per unit (DPU) of S$0.0596 for the second half ended December, up 9.4 per cent year on year from S$0.0545. The growth came despite…
Read MoreRoblox forecasts strong annual bookings as gaming platform momentum grows
Roblox forecast fiscal 2026 bookings of between US$8.28 billion and US$8.55 billion, above estimates Published Fri, Feb 6, 2026 · 08:25 AM ROBLOX forecast fiscal 2026 bookings above Wall Street expectations on Thursday, signaling another year of strong growth in player spending and engagement as the videogame platform aggressively looks to capture 10 per cent…
Read MoreWinklevosses’ Gemini to cut jobs, scale down in crypto retreat
The twins have donated millions of US dollars to causes supporting US President Donald Trump and the Republican party Published Fri, Feb 6, 2026 · 08:16 AM [LONDON] The crypto exchange run by billionaires Tyler and Cameron Winklevoss is slashing as much as 25 per cent of its workforce and winding down operations in the…
Read MoreCapitaLand Integrated Commercial Trust’s H2 DPU rises 9.4% to S$0.0596
[SINGAPORE] The manager of CapitaLand Integrated Commercial Trust (CICT) posted a distribution per unit (DPU) of S$0.0596 for the second half ended December, up 9.4 per cent from S$0.0545 in the year-ago period. This brings DPU for FY2025 to S$0.1158, up 6.4 per cent year on year from S$0.1088. Based on the closing price of…
Read MoreRio walks away from Glencore mega merger on price impasse
The idea of a combination of the two companies has been discussed several times over more than a decade Published Fri, Feb 6, 2026 · 07:56 AM [LONDON] Rio Tinto Group is walking away from talks to acquire Glencore after the two sides failed to agree on valuation, scuttling a potential mega merger that would…
Read MoreMargin relief lifts outlook for DBS, OCBC and UOB, extending Singapore bank rally
Sentiment remains largely positive on the sector amid resilient asset quality, steady capital returns [SINGAPORE] The three local banks may be nearing the end of the margin squeeze that has weighed on earnings over the past year, as interest rates stabilise and funding pressures ease, analysts said. Ahead of the banks’ fourth-quarter results, sentiment remains…
Read MoreNews Corp beats quarterly revenue estimates on growth in Dow Jones unit
Published Fri, Feb 6, 2026 · 06:44 AM NEWS Corp beat Wall Street estimates for second-quarter revenue on Thursday, bolstered by growth in its Dow Jones, digital real estate and book publishing units. The results indicate that growth in high-margin digital subscriptions at its Dow Jones division, which includes The Wall Street Journal, is helping…
Read MoreMichael Saylor’s crypto project pounded after US$12.4 billion loss
Published Fri, Feb 6, 2026 · 06:43 AM [NEW YORK] Bitcoin’s plunge below US$65,000 is intensifying the crisis rocking the digital-asset complex, and few companies are more exposed than Michael Saylor’s Strategy. In an earnings announcement on Thursday (Feb 5), the Bitcoin-hoarding company confirmed a net loss of US$12.4 billion for the fourth quarter, driven…
Read MoreReddit forecasts revenue above estimates as AI fuels ad sales
Published Fri, Feb 6, 2026 · 06:30 AM REDDIT forecast first-quarter revenue above analysts’ estimates on Thursday (Feb 5), as artificial intelligence-powered enhancements to its ad platform help the social media platform draw more marketers. Shares of the company rose around 2 per cent in extended trading after it also announced its first share repurchase…
Read MoreAmazon says it will spend US$200 billion this year on AI build-out
Published Fri, Feb 6, 2026 · 06:23 AM [SEATTLE] Amazon.com said that it plans to spend US$200 billion this year on data centres, chips and other equipment, worrying investors the company’s colossal bet on artificial intelligence (AI) will pinch profits while it waits for investments to pay off. The shares fell in extended trading. The…
Read MoreBitcoin plummets, driving US$2 trillion tumble in crypto market value
Published Fri, Feb 6, 2026 · 06:13 AM [NEW YORK] Bitcoin plunged on Thursday, its decline accelerating amid weakening risk sentiment driven in part by volatility in precious metals and a broad selloff in tech shares. The world’s largest cryptocurrency fell to a low of US$63,295.74, its weakest level since October 2024, a month before…
Read MoreOil settles almost 3% down on easing supply concerns ahead of US, Iran talks
Published Fri, Feb 6, 2026 · 06:00 AM [HOUSTON] Oil prices settled down almost 3 per cent on Thursday in choppy trading, after the US and Iran agreed to hold talks in Oman on Friday, easing concerns about Iranian crude supplies. Brent crude futures settled down US$1.91, or 2.75 per cent, at US$67.55 per barrel. US…
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