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.

UltraGreen.ai’s listing ceremony in December 2025. Perhaps the company should focus squarely on realising the growth expectations that supported the US$1.45-per-share valuation at which it came to market.
HOCK LOCK SIEW

‘Show me’ market: UltraGreen.ai should ditch its share buybacks for proactive engagement

2026-09-09T00:12:28.000Z
While Ley Choon has charted a comeback to the SGX mainboard this year, other companies that moved to Catalist such as FJ Benjamin and Digilife have shrivelled
MARK TO MARKET

Strategic springboard or slippery slope: Struggling mainboard-listed Fu Yu wants to move to Catalist

2026-09-06T11:19:59.000Z
Fed chair Kevin Warsh says that the US central bank’s predominant focus “should be on prices”.
MARK TO MARKET

Fed chair Warsh’s hawkish Jackson Hole turn favours soaring banks over struggling S-Reits

2026-08-30T12:19:19.000Z
Listed last December, UltraGreen.ai is exactly the kind of growth-oriented company MAS and SGX have been trying to attract to revitalise the local market.
MARK TO MARKET

UltraGreen.ai’s big slump: Was it the Singapore market that failed the company, or vice versa?

2026-08-23T08:25:21.000Z
The main sticking point in any manager-internalisation proposal at Sert is likely to be the valuation of its manager entities.
MARK TO MARKET

Manager internalisation isn’t the solution to Stoneweg Europe Stapled Trust’s problem

2026-08-16T13:57:31.000Z
While UOB is still buying back its shares, DBS and OCBC last conducted buybacks when their stocks were respectively 40% and 25% lower.
MARK TO MARKET

DBS, OCBC surge on strong H1 results but don’t overlook the potential of underdog UOB

2026-08-09T11:41:49.000Z
Keppel Reit units bounced 4.5% last week, versus a 1.1% rise in the iEdge S-Reit Index.
HOCK LOCK SIEW

Keppel Reit’s road to redemption

2026-08-05T03:30:00.000Z
Great Eastern’s shares have delivered a total return of 150.5% since OCBC’s offer in May 2024. OCBC’s own shares have returned 135.4% during the same period, while the STI has returned 90.7%.
MARK TO MARKET

Great Eastern’s big rally – activist investors can be crucial part of market ecosystem

2026-08-02T13:21:12.000Z
A combined CapitaLand-Mapletree group would be better positioned to compete, and it would raise the profile of the Singapore market.
MARK TO MARKET

Temasek should publicly state its position on the long-rumoured CapitaLand-Mapletree merger

2026-07-26T11:53:58.000Z
DBS reported an annualised ROE of 17 per cent for Q1 2026, and is currently trading at 2.95 times NAV.
MARK TO MARKET

DBS’ S$200 billion milestone: What will it take to create more high-performing big-cap stocks?

2026-07-19T11:31:45.000Z