SEMICONDUCTOR solutions provider AEM Holdings suffered a recent IT breach that resulted in unauthorised access to its network, the company disclosed in a Monday (Sep 5) bourse filing. It did not elaborate when the breach occurred.AEM has since contained the incident and prevented further unauthorised access, it said, adding that the business remains operational. The company has engaged incident response consultants and external counsel to assess and manage the incident.The breach is not expected to have a material adverse impact on AEM’s earnings per share for FY2022 ending December.“The company takes IT security risks seriously and is conducting a rigorous review of the Incident and its IT systems to ensure that they remain robust, and the data it is entrusted with remains safe and secure

Singapore Airlines Pulls Another Airbus A380 Out Of Desert StorageThe good news for A380-lovers continues this week as another superjumbo has emerged from long-term storage. On July 1st, Singapore Airlines brought back an Airbus A380 from Australia, flying the jet from Sydney to Singapore Changi. During the worst of the pandemic, Singapore Airlines had stored eight of the type in the Australian outback. That number is now down to two as more jets come back online to fly passengers around the world.Source : https://simpleflying.com/singapore-airlines-a380-reactivation-june-2022/amp/

The Most Important Lesson Alphabet and Tesla Investors Can Learn From Amazon's Stock SplitHow will Alphabet and Tesla perform after their stock splits? There's a key lesson to be learned from Amazon.Could 2022 go down in the books as the year of the stock split? Maybe so. Several companies have already conducted splits this year, notably Amazon (AMZN -0.68%). Others are on the way, with investors especially anticipating upcoming stock splits for Alphabet (GOOG 0.72%) (GOOGL 0.48%) and Tesla (TSLA 2.54%).You'll no doubt be able to find very different opinions about the merits of buying these stocks before or after their respective splits. But you can often gain insight into what the future might hold by looking at the past. Here's the most important lesson Alphabet and Tesla investors can l

$YANGZIJIANG SHIPBLDG HLDGS LTD(BS6.SI)$Relax.Not dumping... yesterday share price was       1 existing + 1 spin off. Today the share price is only 1 existing and no spin off. Share holders will receive their spin off shares on 28 April.Today is ex - entitlement.  If you buy the       share today, You will not be entitled to the     share of the spin off.

Elon Musk’s Twitter Takeover Could Sink TSLA Stock*Investors are still waiting to learn if Elon Musk will acquire Twitter.*Since the deal’s announcement, both TWTR and Tesla stock have been turbulent.*Now experts worry that moving the deal forward could compromise TSLA stock further.Tesla stock has already declined 38% in 2022, but news of Elon Musk’s mission to acquire Twitter (NYSE:TWTR) could further accelerate its downtrend.For Musk, acquiring a company with a $30 billion market capitalization meant securing multiple sources of funding. He procured $7 billion from different entities including venture capital firm Andreessen Horowitz and tech mogul Larry Ellison. Crypto exchange Binance committed $500 million in equity funding. He also raised $12.5 billion through a margin loan, borrowe

Musk says there are still a few unresolved matters with Twitter dealElon Musk said there are still a few unresolved matters with his Twitter deal including the number of spam users on the system and the coming together of the debt portion of the deal.Musk, the world's richest person according to Forbes magazine, agreed to buy Twitter for US$44 billion."We're still awaiting resolution on that matter, and that is a very significant matter," he said, reiterating doubts over Twitter's claims that false or spam accounts represented fewer than 5 per cent of its monetisable daily active users."And then of course, there's the question of, will the, the debt portion of the round come together? And then will the shareholders vote in favour?"Musk, who spoke at the Qatar Economic Forum organised by Bl

Why Is Palantir (PLTR) Stock Up Nearly 10% Today?Palantir announced U.S. Space Systems Command (SCC) has awarded the company with an additional $53.9 million for its existing national security contract. This increase is on top of an existing $121.5 million contract, bringing the value of Palantir’s work to more than $175 million for this client alone.As a major player in the big data space, part of Palantir’s allure has been the company’s close connections with big government agencies. As far as revenue stability is concerned, this plays significantly into the company’s bull thesis. Indeed, this data-as-a-service company has become a meme stock in its own right, surging during last year’s impressive rally.source : https://investorplace.com/2022/06/why-is-palantir-pltr-stock-up-10-toda

Elon Musk envisions remaking Twitter in WeChat’s image>‘You basically live on WeChat in China. If we can re-create that with Twitter, we’ll be a great success’>Musk has agreed to acquire the social media platform for US$44 billion, but the deal has not yet Elon Musk, the CEO of Tesla Motors and founder of SpaceX, believes Twitter needs to be more like China’s WeChat to be successful. In a video meeting with about 8,000 Twitter employees on Thursday, Musk shared his vision for the social media platform, which he has agreed to buy for US$44 billion. The question and answer session was unusual since the deal, which was announced in April, has not yet closed and the acquisition is wobbly given the drop in the price of the Tesla shares that may finance the purchase.“There’s no WeChat

Elon Musk to Participate in Twitter All-Hands Meeting Thursday Elon Musk is set to participate in an all-hands meeting with Twitter Inc. employees on Thursday, marking the first time the billionaire will have spoken directly with the company's workforce since he began his courtship of it in April.Twitter Chief Executive Parag Agrawal announced the meeting in an email to staffers on Monday, saying they could submit questions for Mr. Musk in advance, a spokesman said. The company's marketing chief, Leslie Berland, will moderate the event, he said.Details of the meeting were earlier reported by Business Insider.Source : https://www.wsj.com/articles/elon-musk-to-participate-in-twitter-all-hands-meeting-thursday-11655165470

DBS raises 2-year fixed home loan rate to 2.75% per annum, highest among local banksDBS has just raised its rates on all home loan packages to 2.75 per cent per annum, placing it the highest among the trio of local banks.This comes after both UOB and OCBC raised rates on their home loan packages. OCBC and UOB’s fixed rates for 2-year home loan packages are at 2.65 per cent per annum.About 3 months ago, the DBS rate was 1.65 per cent for a 2-year fixed loan and 1.85 per cent for 3-year loans.The higher interest rates come in an economic climate where most seem to be expecting further rate hikes from the US Federal Reserve after Fed chair Jerome Powell’s indication that more of such hikes may be on the cards in the near future. Singapore, being a small and open economy, is highly susceptible

Musk repeats threat to end $46.5bn Twitter deal – with lawyers, not just tweetsJune 6 2022Elon Musk is prepared to terminate his takeover of Twitter, reiterating his claim that the social media biz is covering up the number of spam and fake bot accounts on the site, lawyers representing the Tesla CEO said on Monday.Musk offered to acquire Twitter for $54.20 per share in an all-cash deal worth over $44 billion in April. Twitter's board members resisted his attempt to take the company private but eventually accepted the deal. Musk then sold $8.4 billion worth of his Tesla shares, secured another $7.14 billion from investors to try and collect the $21 billion he promised to front himself. Tesla's stock price has been falling since this saga began while Twitter shares gained and then tailed do

The national airline’s shares are up 6% in 2022. Is this a good time to buy the stock?SIA stock price: what’s the latest forecast?Singapore Airlines Ltd (SIA) shares rallied in mid-August 2022, after releasing its operating results for July 2022.The aviation stock has a consensus rating of ‘rating’ and average price target of S$5.38, based on the latest analyst sentiments published by SGX StockFacts.The price target equates to a slight upside potential from SIA’s last traded price of S$5.32 a share.CIMB’s equity research team recently wrote that it expects the airline to ‘do very well in the coming quarters’.This is ‘due to the combination of rising capacity restoration, strong demand, high load factors and robust yields’.‘For FY2023 (1 April 2022 to 31 March 2023) as a whole, we think tha

Singtel up as much as 4.5% on rumoured Bharti Airtel stake saleSHARES of Singtel : Z74 +3.41% made steady gains on Thursday (May 26) after the Economic Times reported it initiated talks with Bharti Airtel chairman Sunil Mittal, to potentially sell a “small” part of its holding in the Indian telco to the Mittal family.As at 1.44 pm on Thursday, Singtel shares rose to an intra-day high of S$2.76, up S$0.12 or 4.5 per cent with some 27.9 million shares traded. The counter closed 3.4 per cent or S$0.09 higher at S$2.73.Two married deals were recorded, according to ShareInvestor data. One was transacted at S$2.665 apiece in early trade at 9.16am, while the other took place at 2.23pm at S$2.725 per share.Both Singtel and the Mittal family are shareholders in Bharti Telecom, as well as own direct

Apple (AAPL) Stock Price: $200 Target And Buy RatingBy Amit Chowdhry ● Today at 6:41 PMThe shares of Apple Inc (NASDAQ: AAPL) have received a $200 price target from Citi. And Citi analyst Jim Suva is maintaining a “Buy” rating on the shares.Suva adjusted the rating following the company’s developer conference earlier this week. And Suva noted that the CarPlay enhancements were intriguing though not available until late 2023. Plus Suva pointed out that Apple is working with car makers to expand the capabilities of its CarPlay, which connects users’ iPhones to their vehicles’ dashboards. And the updated software would allow the iPhone operating system to become involved in some traditionally core features not touched by third-party systems like the instrument cluster behind the wheel.Going f

Elon Musk Hints Twitter Will Integrate Crypto Payments if His Takeover Bid Is SuccessfulTesla CEO Elon Musk has suggested integrating crypto payments into Twitter. “My goal would be to maximize the usefulness of the service,” he told Twitter’s employees in his first all-hands meeting with them.Twitter’s First All-Hands Meeting With Elon Musk, Integrating Crypto PaymentsTesla and Spacex CEO Elon Musk, who may become the new owner of Twitter Inc., had his first all-hands meeting with Twitter’s employees Thursday.Musk answered many questions about how he plans to run the social media company if his bid to buy Twitter is successful. However, the $44 billion deal is currently on hold, and Musk has accused Twitter of a material breach of the merger agreement.During the meeting, Musk mentioned cr

CGS-CIMB lowers SIA’s TP to $5.75 as multiple risks potentially clouding strong revenue trendCGS-CIMB Research analyst Raymond Yap has kept a “hold” rating on Singapore Airlines (SIA) as he sees the airline’s high airfares, elevated market share and strong demand to be offset by the risks of high oil prices.In addition, Yap has lowered his target price of $5.75 from $5.92 previously, after cutting his earnings per share (EPS) estimates for the FY2023 to FY2024 ending March and applying a lower FY2023 P/BV of 0.95x, which is SIA’s mean since 2011.The lowered EPS estimates were due to the analyst’s higher price assumptions for spot jet fuel, from US$120 ($167.15) per barrel to US$135 a barrel for the FY2023, and from US$95 per barrel to US$110 per barrel for the FY2024.“We have also assumed

Rising jet fuel costs, inflation offset SIA’s strong revenueBrent price is at $174 (US$125) per barrel of crude oil.Pricier fuel costs remain a risk for Singapore Airlines (SIA) Group even as its revenue momentum “looks solid” on the back of travel recovery, capital market firm, CGS-CIMB, said.On revenue, SIA group’s main carrier and budget airline, Scoot, are in an “undoubtedly strong position” as it continues to launch flights quickly to take advantage of travel demand revival. “The SIA group also kept the majority of its crew intact, although it has had to start recruitment and training of new cabin crew from early-May 2022 in order to facilitate additional schedule reinstatement,” the CGS-CIMB also noted.However, CGS-CIMB explained that inflationary pressures, as well as rising jet fue

Elon Musk says he doesn't 'really care' about being CEO of Twitter or his title: 'But people do need to listen to me'During his first meeting with Twitter employees this week, Elon Musk said he doesn't care about being the company's CEO. "There are a lot of chores to being CEO. And I just want to make sure that the product evolves rapidly and in a good way," Musk said in a recording of the hour-long meeting reviewed by Insider."I don't really care what the title is. But people do need to listen to me," he added. The billionaire has expressed a similar philosophy on executive titles at his companies SpaceX and Tesla. In March 2021, Musk named himself "Techno King" and Chief Financial Officer Zach Kirkhorn "Master of Coin," official SEC filings show."All of these other titles are just basica

Twitter to expand into long-form content with upcoming Twitter Notes featureIn what could be one of Twitter's more significant changes since doubling the character count from 140 to 280 characters, the company is preparing to launch a new feature that would support the direct publishing of long-form content on its platform. With Twitter Notes, as the upcoming feature is called, users will be able to create articles using rich formatting and uploaded media, which can then be tweeted and shared with followers upon publishing.The feature is being tested with select users ahead of an upcoming public launch, we understand. (Twitter declined to comment but said it would share updates about the feature "soon.")If broadly adopted, Twitter Notes could potentially change how some people use the soci

Singapore Airlines (SQ, Singapore Changi) is contemplating establishing hubs outside of Singapore to reduce its dependency on the purely international market at Singapore Changi, which proved to be a huge liability during the COVID-19 pandemic, Chief Executive Goh Choon Phong told Bloomberg."We recognise that not having a domestic market means challenges. That's why we have a multi-hub strategy. We're setting up an external hub where we hope to be able to participate in the growth of that market," Goh said.He did not elaborate on where the "external hub" could be located, although he hinted that any such expansion would entail equity investment in other airlines. Due to the regulatory environment in Asia, an application for extensive fifth-, seventh-, or ninth-freedom traffic rights would