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Viability of other MoUs in question after failure of Singer deal
This week’s article is about the real thing that glitters, gold. Of course, some would argue that glove stocks too are actually like gold due to their spectacular run year-to-date.
AFTER going through a sustained phase of accumulation, following the announcement of the movement control order (MCO), pharmaceutical stocks saw a sudden surge in prices during the week.
BEIJING (Bloomberg): Zhong Shanshan, whose schooling was interrupted during the Chinese mainland’s cultural revolution, worked in construction, as a reporter and in the bottled-water business. Today, he’s worth US$17 billion after his drug company went public in April and the shares surged 26-fold.
NEW YORK: A year ago, you couldn’t get Wall Street to touch most gold miners’ stocks. Today, it’s throwing billions at the industry.
KUALA LUMPUR: Merger and acquisition (M&A) activities in the plantation sector in Malaysia will remain robust in the second half of this year and next year, after picking up momentum in the first half of the year.
VOLATILITY is picking up in China’s most overheated stocks, a sign that this month’s $1.5 trillion rally is looking vulnerable.
BEIJING: Similarities between a speculative frenzy that this month added more than US$1 trillion in value to China’s stock market and 2014’s debt-fueled binge left investors wondering if a new bubble was in the making.
SHANGHAI: Similarities between a speculative frenzy that this month added more than $1 trillion in value to China’s stock market and 2014’s debt-fueled binge left investors wondering if a new bubble was in the making.