OKP Holdings has faced difficulties in the past due to the fatal accident at their project in 2017. With respect to the accident, OKP succeeded in the Arbitration against the design consultant and awarded S$43,792,421.96. Also with respect to the accident, they were not actively pursuing government tenders from 2017-2020. Unlike majority of Singapore’s construction industry, they avoided executing projects that were badly affected by cost increases arising from the pandemic. OKP has regained momentum in new contract wins worth $384.5mil since Nov 2022. It has been a long time since I covered ..read more

Singapore’s construction industry is having a bad quarter. News of financial difficulties were coming out from a few public listed construction companies. The pandemic and the rise in cost due to inflationary pressures have caused many to suffer. Revenue and profit from construction companies are usually project/contract based. It means that any sudden surge in construction cost will have a negative impact on their budgeted costs as it is not easy to pass the cost onto the customer. Therefore, contractors and developers were the worse hit in this sector. This has led me to think whether Singap ..read more

Just in today, a statement issued by leading names in AI, emphasizing the need to mitigate the risk of extinction from AI. The statement raises important questions about the responsibility of AI scientists and the role of governments in ensuring the safe development and deployment of AI technologies. While it may seem logical to assume that AI scientists are best positioned to prevent AI from causing harm, the reality is more complex. AI scientists, despite their expertise, recognize the need for external oversight and regulation to address potential risks. They acknowledge that unchecked comp ..read more

Artificial intelligence (AI) dominates conversations, prompting thoughts on its impact, business models, and regulatory responses. However, uncertainty looms over the outcome of this technological revolution. Interestingly, investors find themselves in the same boat. Recent surges in the stock prices of tech giants like Alphabet, Meta Platforms, and Microsoft indicate that investors are banking on the long-term potential of AI. Their hopes and perhaps a touch of faith fuel these investments. Yet, concrete evidence supporting such optimism remains scarce. Alphabet, for instance, has witnessed ..read more

Last week, I saw this on the cover of The Economist. Covers like this are very often good contrarian indicators. It is Wall Street’s worst kept secret that they are using the media to manipulate markets to enter and exit their stock positions. Our job is to sieve through the news and spot the bullshit. Jesse Stine, author of the book “Insider Buy Superstocks” also called out Goldman Sachs as the “best in the business” of market manipulation. Insider Buy Superstocks by Jesse Stine I agree with this point as I believe that every news outlet has their own agenda and we cannot take everything a ..read more

Singapore’s construction industry is having a bad quarter. News of financial difficulties were coming out from a few public listed construction companies. The pandemic and the rise in cost due to inflationary pressures have caused many to suffer. Revenue and profit from construction companies are usually project/contract based. It means that any sudden surge in construction cost will have a negative impact on their budgeted costs as it is not easy to pass the cost onto the customer. Therefore, contractors and developers were the worse hit in this sector. This has led me to think whether Singap ..read more

Total revenue was $38.17 million, an increase of 157% year-over-year. Earnings per share 1.6cts, up 321% year over year from 0.38cts. Cash holdings at $18.5m, against a market cap of $25.6m. Enterprise Value of $7.99m, Acesian Partners is trading close to EV/E x 1 Company is looking for ways to diversify and invest their cash hoard. Company Overview Acesian Partners Limited, formerly known as Linair Technologies Limited, was established in Singapore in 1998. As a versatile organization, Acesian operates as a comprehensive provider of environmental solutions and integrated services across va ..read more

Just in today, a statement issued by leading names in AI, emphasizing the need to mitigate the risk of extinction from AI. The statement raises important questions about the responsibility of AI scientists and the role of governments in ensuring the safe development and deployment of AI technologies. While it may seem logical to assume that AI scientists are best positioned to prevent AI from causing harm, the reality is more complex. AI scientists, despite their expertise, recognize the need for external oversight and regulation to address potential risks. They acknowledge that unchecked comp ..read more

MTQ Corporation (SGX:M05) is a engineering solutions provider specializing in the oil and gas, marine, and mining industries. With a focus on providing integrated services and innovative solutions, MTQ has established itself as a trusted partner for its clients in the energy sector. Leveraging its expertise and extensive experience, MTQ Corporation offers a comprehensive range of services, including maintenance, repair, and overhaul (MRO), fabrication, and engineering solutions. The company’s commitment to excellence, customer satisfaction, and operational efficiency has positioned it as a ke ..read more

The 268-unit Sceneca Residence saw 160 units (about 60%) sold at an average price of $2,072 psf. Former Realty Centre Condo expected to launch in 2Q23. The Group is set to receive recurring royalty income from the licensing of the IP Rights and operating revenue from the operation of the Shimao Tianjie Sky Screen. Overview Listed on the Mainboard of the Singapore Exchange, The Place Holdings Limited is an investment holding company with 3 core business pillars: Property development and property management activities Integrated tourism and related “new retail” businesses Media, advertising a ..read more