Ben Paul

Ben Paul

SENIOR CORRESPONDENT

Ben Paul joined The Business Times in 2020, after nearly three decades of covering financial markets as an analyst and journalist. He writes and produces the BT’s Mark To Market column and podcast.

AEM, Top Glove, UI Boustead Reit and PC Partner will be added to the iEdge Singapore Next 50 indices, replacing SingPost, Digital Core Reit, Wee Hur and China Sunsine.
HOCK LOCK SIEW

How to ride the iEdge Singapore Next 50 indices as momentum wanes

After a broad rerating in 2025, investors may now have to dig deep among smaller-cap stocks for strong returns

SpaceX’s heft may soon land it in portfolios of investors who are not particularly interested in owning it.
MARK TO MARKET

Silent kingmakers: Market index providers are driving public investors into SpaceX and Big AI

This may sustain demand for AI hardware powering the best performing Asian markets, and perhaps lift some of the worst laggards too

Warren Buffett's success has convinced a generation of investors that long-term ownership of high-quality companies is a reliable path to fabulous wealth.
MARK TO MARKET

Have we become too optimistic about stocks?

With the major banks funnelling resources into their wealth franchises, investors could be about to face an avalanche of sales calls

If a new market index is created, it should be explicitly positioned to include companies that list on the Global Listing Board.
MARK TO MARKET

New dynamism: Singapore needs a market index without Reits to support passive flows

ETFs a means of riding market’s revitalisation while neutralising risk of picking the wrong companies, abandoning strong performers too early

Earnings at S&P 500 constituents rose 28.4% in Q1 2026 – their fastest growth since Q4 2021, when the world was emerging from the Covid-19 pandemic.
MARK TO MARKET

Nacho versus Taco: Are these Tex-Mex themes about to give investors in Singapore indigestion?

Mega-cap listing aspirants may draw liquidity away from less exciting companies around the world

 It may be a matter of time before Jardine C&C will have to respond to the impact of Chinese EVs in its other key markets too
MARK TO MARKET

Is Jardine C&C likely to be taken private?

Most of its value resides in Jakarta-listed Astra International, while its own parent has secondary listing in Singapore

Among the STI components that will trade ex-dividend this week are DBS and Frasers Logistics & Commercial Trust.
MARK TO MARKET

Power of payouts: A big chunk of the STI has just gone ex-dividend. What’s next?

The big question is whether the core businesses of the STI’s constituents can support its next leg up as the impact of major capital return initiatives wanes

The most striking aspect of the Paragon deal is that the manager of CICT seems less fazed by the ageing property’s need for an asset enhancement initiative than Cuscaden Peak.
HOCK LOCK SIEW

Paragon deal: Why investors should get ready for more Reit mergers and take-private offers

In a less-conducive operating backdrop, smaller Reits may be weeded out, as larger ones play the role of consolidators

Addvalue is one of the few SGX-listed companies with a business profile overtly aligned with today’s geopolitical currents.
MARK TO MARKET

Addvalue should rethink value-unlocking move

The business it plans to spin off may garner a lofty valuation on Nasdaq, but its own shares may be plagued by a holding company discount

The enhanced disclosures on executive pay, dividend policy and investor relations are clearly linked to the Value Unlock programme announced late last year.
MARK TO MARKET

SGX RegCo stiffens its back with proposal for enhanced disclosures to drive value creation

The frontline market regulator should ask boards for more transparency on their thinking on capital management