Wednesday, June 18th, 2025

Author: minichart

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

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...

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

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...

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

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...

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

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...

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

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)....

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

🚀 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...

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

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...

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

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...

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

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...

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

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,...