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Singapore Eyes Gold Vault Expansion to Compete as Global Bullion Hub

Singapore is exploring plans to expand its gold storage capacity as it seeks to position itself as a  major global bullion trading hub , targeting central bank reserves and institutional flows. Strategic Push Into Bullion Market Authorities are evaluating potential sites — including areas near  Changi Airport  — to enhance  vaulting infrastructure for gold storage , according to sources familiar with the discussions. The  Monetary Authority of Singapore  confirmed it is  considering the use of existing facilities for gold vaulting , though it stopped short of confirming expansion plans. The move aligns with Singapore’s broader ambition to strengthen its role in  precious metals trading and financial services . Targeting Central Banks and Institutional Demand A key objective is to attract  central banks , which collectively hold around  39,000 tonnes of gold , accounting for roughly  18% of global supply , according to the World Gold...
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Super Micro Stock Surges 22% After Filing Delayed Financials, Avoids Nasdaq Delisting

Regaining Compliance

Super Micro Computer (SMCI) saw its stock soar 22% in after-hours trading after finally filing its delayed 10-K report and quarterly reports for September and December. This move allowed the company to regain Nasdaq compliance, preventing a potential delisting.

Key Updates from Super Micro’s Financial Filing:

  • Revenue for FY2024 (ended June 30) was 0.3% higher than preliminary reports.
  • Net income revised down by 4.6%.
  • BDO audit confirmed the financial statements are fair, though it flagged internal control weaknesses over financial reporting.
  • Super Micro now meets SEC reporting obligations, officially closing the matter with Nasdaq.

Background: Delisting Concerns & Short Seller Allegations

  • Super Micro had delayed its filings in August 2024 after Hindenburg Research alleged accounting issues.
  • Ernst & Young resigned as auditor in October, citing an unwillingness to be associated with the company's financials.
  • BDO was appointed as the new auditor in November, leading to the latest filings.
  • This isn’t the first compliance issue—Super Micro was previously delisted in 2018 before being relisted in 2020.

Market Reaction & Outlook

  • Stock dropped 11.8% on Tuesday before the filing, reflecting investor uncertainty.
  • Despite turbulence, shares remain up 50% in 2025, showing that investors still believe in the AI server company’s potential.
  • Analysts warn that institutional investors avoid non-Nasdaq stocks, meaning a delisting could have been a major setback.

Summary:

  • Super Micro dodges delisting after filing delayed financials, stock jumps 22%.
  • New filings confirm revenue growth but highlight financial control weaknesses.
  • Despite past compliance issues, investor confidence in the AI-driven company remains strong.
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