$SingPost(S08.SI)$ Singapore Post, or SingPost, is Singapore’s sole postal service provider. Like Singtel, the group has also announced a strategic review to assess its various businesses and to try to enhance shareholder returns by ensuring that the group is “appropriately valued”. The strategic review is being finalised and could be announced together with SingPost’s fiscal 2024 earnings for the year ending 31 March 2024. The group is not sitting still, though. It recently expanded its integrated logistics network with the acquisition of Australian company Border Express for A$210 million. SingPost is also executing strategies to transform into a global logistics enterprise. It is eyeing more acquisitions and the potential divestment of
$FuelCell(FCEL)$ Last Friday, President Joe Biden announced the locations of seven regional hydrogen hubs that will receive $7 billion from the government as part of the bipartisan infrastructure law. The infrastructure bill passed by Congress in 2021 allocated up to $7B to launch the Regional Clean Hydrogen Hubs program, which will help fund 6-10 regional clean hydrogen hubs across the country. The hubs are part of Biden’s ambitious climate goals wherein he has pledged to cut the country’s greenhouse gas emissions by 50%-52% below its 2005 emissions levels by 2030. The hubs will produce hydrogen powered by renewables, natural gas and nuclear energy.
$JFrog Ltd(FROG)$ JFrog Ltd provides an end-to-end, hybrid, universal DevOps Platform to achieve Continuous Software Release Management (CSRM). The CSRM platform enables organizations to continuously deliver software updates across any system
Billionaire investor Bill Ackman said he covered his short bet on US Treasuries, noting “there is too much risk in the world to remain short bonds at current long-term rates.”, reason being the economy is slowing faster than recent data suggests. Is this the time to buy treasuries? DYODD!
Many companies such as Pfizer and Amgen are developing weight loss drugs, as Barclays has predicted a $100 billion global market for obesity drugs by 2030. Females of ages 18-34 are the target customers of weight loss products. In a separate note, The sugar industry is an example of a weight-losing industry. Weight-gaining industries are industries whose raw materials are lighter but finished products are heavier and bulky. They tend to locate near markets.
In the wake of the Hamas attack on Israel, gold prices have shot up. Expansion of oil revenues enhances gold prices. As oil and gold prices move in tandem, recent escalating conflicts will cause oil and gold prices to surge due to increase haven demand.