Wednesday, June 18th, 2025

Author: minichart

Market UpdatesSingapore SGX stocks

Wilmar Pays S$928M in Compensation Amid Indonesia’s Cooking Oil Scandal, Maintains Innocence as Case Heads to Supreme Court

minichart
June 18, 2025

SGX:F34.SI:Wilmar International SINGAPORE – Global agribusiness giant SGX:F34.SI:Wilmar International has paid 11.8 trillion rupiah (S$928 million) to the Indonesian authorities as part of its ongoing legal battle over alleged corruption linked to the country’s...

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Market UpdatesSingapore SGX stocks

Thakral-Backed GemLife Launches Australia’s Biggest IPO of 2025, Eyes A$1.58B Valuation

minichart
June 18, 2025

SGX:AWI.SI:Thakral Corporation Thakral Corporation’s associate, GemLife Communities, has officially launched its initial public offering (IPO) to raise up to A$750 million (S$628.2 million), the mainboard-listed company announced in a bourse filing on Tuesday (Jun...

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Market UpdatesSingapore SGX stocks

CGS International Reiterates “Reduce” on Aztech Global; Outlook Remains Tepid Amid Inventory Overhang and US Economic Caution

minichart
June 18, 2025

SGX:8AZ.SI:Aztech Global CGS International’s William Tng has maintained a “reduce” rating and a 41-cent target price on SGX:8AZ.SI:Aztech Global, citing persistent weakness in the company’s near-term outlook. In a note dated June 16, Tng...

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Market UpdatesSingapore SGX stocks

🏆 Citi Sees Gold Retreating Below US$3,000 as Record Rally Nears Exhaustion

minichart
June 18, 2025

The blistering rally in gold may soon lose steam, with Citigroup Inc. forecasting the precious metal will fall back below US$3,000 an ounce in the coming quarters. In a note led by analyst Max...

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Market UpdatesSingapore SGX stocks

Maybank Ups Target Price for Sea to US$192, Says Shopee Still Holds Edge in Brazil Despite MELI Push

minichart
June 18, 2025

Maybank Securities  has reiterated his “buy” rating on US:SE:Sea Limited, while raising his target price from US$186 to US$192, citing Shopee’s strong competitive positioning in Brazil despite aggressive moves from rival Mercado Libre (US:MELI)....

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Hong Kong stocksMarket UpdatesSingapore SGX stocksUS stocks

🚀 Malaysia Inc. Update: Apollo Soars, UWC Recovers, Chin Hin Pulls Plug, KPJ Awards Big, Yinson Secures Cash

minichart
June 17, 2025

🚀 Malaysia Inc. Update: Apollo Soars, UWC Recovers, Chin Hin Pulls Plug, KPJ Awards Big, Yinson Secures Cash KL:6432.KL:Apollo Food Holdings KL:6432.KL:Apollo Food Holdings posted record sales and a 50% surge in net profit...

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Market UpdatesREITS SGSingapore SGX stocksstock of the day

JP Morgan: Singapore REITs and Quality Stocks Set to Benefit from Lower Rates

minichart
June 17, 2025

JP Morgan’s equity macro research team — Khoi Vu, Rajiv Batra, Mervin Song, Terence M Khi and Harsh Wardhan Modi — sees selective opportunities emerging in Singapore equities as interest rates decline. In their...

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Bursa KLSE stocksHong Kong stocksMarket Updates

Malaysia’s Corporate Scene Heats Up: CIMB’s New Chairman, Solarvest’s Brunei Deal, Berjaya Land’s Greenland Venture & More

minichart
June 16, 2025

HK:3115.HK:Hangseng Index The Hang Seng Index rose 168 points, closing at 24,060, while the Hang Seng Tech Index gained 60 points to finish at 5,299. XIAOMI-W surged over 4%, while WUXI BIO saw a...

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Bursa KLSE stocksHong Kong stocksMarket UpdatesUS stocks

Markets Rattle as Israel-Iran Conflict Escalates; Oil Surges, Travel & Payments Stocks Sink, Defense & Gold Rally

minichart
June 15, 2025

KL:6888.KL:Axiata Group Axiata Group has completed the sale of its Myanmar tower operations for US$90 million, reduced from the originally proposed US$150 million. The sale was made through Axiata’s 63%-owned unit edotco Group to...

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IPOMarket UpdatesUS stocks

Slide Insurance IPO Aims for $2B Valuation with $239M Profit, 59% Combined Ratio—Insurtech’s Coastal Profit Powerhouse Set to Launch

minichart
June 15, 2025

IPO Details 🎯 Purpose: Raise $300–340 million through offering 20 million shares at $15–17 to: Accelerate growth in coastal property & casualty insurance, especially in Florida and South Carolina. Expand the full-stack insurtech platform—underwriting,...

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