Posts by Liam Redmond
UMS shares up 8.2% on Q2 results as AEM gives up early gains; Frencken declines
UMS posts 89% higher second-quarter profit, but AEM shares reverse 5.1% gains and join Frencken in retreat [SINGAPORE] Shares of UMS Integration jumped as much as 8.2 per cent on Friday (Aug 14) after it reported an 89 per cent surge in second-quarter net profit. On Thursday, UMS posted a S$19.4 million net profit for…
Read MoreChip stocks: UMS pares morning gains despite Q2 profit surge, AEM reverses into drop
[SINGAPORE] Shares of UMS Integration on Friday (Aug 14) pared the morning’s 8.2 per cent gains to be flat at midday after it reported an 89 per cent surge in second-quarter net profit. On Thursday, UMS posted a S$19.4 million net profit for the period, up from about S$10.3 million in the year-ago period. This…
Read MoreGenting Singapore shares up 6.4% despite H1 profit drop
[SINGAPORE] Shares of Genting Singapore were up 6.4 per cent on Friday (Aug 14), despite the profit decline of 33.5 per cent for the first half of the year that was reported on Thursday. The resort and casino operator’s H1 profit clocked in at S$156.1 million, down from S$234.7 million a year earlier. This was…
Read MoreCXMT overtakes Tencent as most valuable Chinese firm amid AI frenzy
Crossover reflects investors’ continued preference for AI-linked hardware over traditional Internet champions Published Fri, Aug 14, 2026 · 09:08 AM CXMT has overtaken Hong Kong-listed Tencent as the world’s most valuable Chinese company, underscoring the AI-driven frenzy fuelling demand for memory chip stocks. CXMT, which debuted in Shanghai in July and quickly became China’s largest…
Read MoreLittle known California fault line experts warn is most volatile — as rapid-fire quakes strike Thursday
A little-known California fault line — already considered one of the most dangerous in the country — was rattled by another earthquake Thursday morning, shaking communities across the Bay Area and setting off a pair of aftershocks. The 3.8-magnitude earthquake struck at 8:30 a.m. near the Oakland Zoo and Bishop O’Dowd High School, according to…
Read MoreDeepSeek raises peak prices of flagship AI models to more than four times current levels ahead of IPO
Increase suggests firm is placing more focus on profitability as it eyes a stock-market debut Published Fri, Aug 14, 2026 · 08:45 AM DEEPSEEK is steeply raising the prices for its flagship V4 models ahead of a potential initial public offering, even as the low-cost provider’s rates remain well below those of its major artificial…
Read MoreThe end of tokenmaxxing? How AI is moving to pay-as-you-go
OpenAI’s Sam Altman said the company imagines a future “where (AI) is a utility, like electricity or water, and people buy it from us on a meter” SILICON Valley spent much of the past few years feverishly pushing consumers and businesses to inject artificial intelligence into every corner of their lives. Now AI developers want…
Read MoreStocks to watch: ThaiBev, Genting Singapore, First Resources, Olam Group, UMS Integration, Frencken, SBS Transit and more
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Aug 14): ThaiBev : The company on Thursday reported a 1.8 per cent dip in revenue to 254 billion baht (US$7.7 billion) for the nine months ending Jun 30, compared with the year-ago period. The decline was led by…
Read MoreReddit shares surge on S&P 500 inclusion later in August
The social media platform will join the benchmark gauge prior to the start of trading on Aug 18 Published Fri, Aug 14, 2026 · 08:20 AM [NEW YORK] Reddit will join the S&P 500 next week as part of an off-cycle change, S&P Dow Jones Indices said on Thursday (Aug 13), sending the social networking…
Read MoreFirst Resources H1 net profit up 57.4% at US$234.9 million; declares S$0.08 dividend per share
[SINGAPORE] First Resources posted a 57.4 per cent rise in net profit to US$234.9 million for the first half ended Jun 30, driven by higher production volumes and improved processing margins. This was up from US$149.2 million in the same period a year prior, the company said on Friday (Aug 14). Sales revenue increased 44.5…
Read MoreAaron Boone pinch-hits for Spencer Jones against tough lefty despite promising early splits
In the small sample size of 29 plate appearances, Spencer Jones has gone 8-for-25 with two home runs, two doubles, a triple and a 1.134 OPS against left-handed pitching. The lefty slugger will have to prove more to remain in the game when matched up with particularly tough southpaws. In a one-run game in the…
Read MoreChatGPT maker OpenAI’s revenue run rate tops US$40 billion ahead of IPO
This roughly doubles its run rate from end-2025 and bolsters its Wall Street debut plans Published Fri, Aug 14, 2026 · 07:53 AM [SAN FRANCISCO] OpenAI is on track to generate annualised revenue of more than US$40 billion based on its current performance, according to people familiar with the matter. This roughly doubles its run…
Read More