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Ben Paul

Reporter · SG

Indexed articles, last 90 days
15
Latest publication
Sep 13, 2026
Outlet visibility, for The Business Times
Top 50K sites
Earliest in this view
Jul 5, 2026

Latest articles

  1. Article · Sep 13, 2026 · Ben Paul

    Gold, RTOs, wind energy: While new listings are floundering, other issuers are finding their way (opens the original)

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    It seems unlikely investors will be eager to take their chances with IPOs of untested issuers in the rest of the year [SINGAPORE] While writing the Mark To Market column last week about Fu Yu Corporation seeking to transfer its listing from the mainboard of the Singapore Exchange (SGX) to Catalist, I was intrigued to learn that no less than half a dozen companies have moved in the opposite direction this year. Why is that relevant? For one thing, only five issuers have obtained primary listings

  2. Article · Sep 9, 2026 · Ben Paul

    ‘Show me’ market: UltraGreen.ai should ditch its share buybacks for proactive engagement (opens the original)

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    Investors are more excited about earnings momentum and growth prospects than defensive capital management initiatives [SINGAPORE] As shares of UltraGreen.ai tumbled last month amid concerns of looming competition in its key market, the company has sharply increased the pace of its share buybacks. During the month of August alone, UltraGreen.ai scooped up nearly 2.2 million shares from the market for US$1.6 million, or US$0.748 per share. This was more than twice the number of shares repurchased

  3. Article · Sep 6, 2026 · Ben Paul

    Strategic springboard or slippery slope: Struggling mainboard-listed Fu Yu wants to move to Catalist (opens the original)

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    Any aspiring Catalist issuer – whether new or transferring – must have a credible and viable growth strategy: SGX RegCo [SINGAPORE] Some market watchers may have been surprised when Fu Yu Corporation said on Aug 28 that it is seeking to transfer its listing from the mainboard of the Singapore Exchange (SGX) to Catalist. Many companies that made the same shift over the past decade did so largely to escape the dreaded SGX watch list for mainboard issuers that reported persistent losses and were un

  4. Article · Aug 30, 2026 · Ben Paul

    Fed chair Warsh’s hawkish Jackson Hole turn favours soaring banks over struggling S-Reits (opens the original)

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    Rising bond yields may reach a tipping point that chokes off growth and deflates richly priced blue chips [SINGAPORE] In the end, market watchers seemed to interpret US Federal Reserve chair Kevin Warsh’s much-awaited speech on Friday (Aug 28) as a curtain-raiser for a September rate hike. This was somewhat ironic, given his reluctance to provide any forward guidance on the Fed’s rate moves, but it was arguably a positive outcome for the markets in the short term. Much could now depend on whethe

  5. Article · Aug 23, 2026 · Ben Paul

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

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    Firms seeking to be priced on their potential must adopt a culture of transparency and meaningful engagement [SINGAPORE] During the National Day weekend, an independent analyst named Jamal Aliyev sent an e-mail to some of my colleagues and me to draw our attention to research he had just published about UltraGreen.ai. Aliyev had identified two companies – Zydus Lifesciences and Provepharm – that may soon begin competing with UltraGreen.ai in the supply of indocyanine green (ICG) dye in the US. H

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