Yanlord added as a constituent stock in the MSCI Singapore Index
MacarthurCook Investment Managers (Asia) Limited, the Manager of
MacarthurCook Industrial REIT, has signed a sale and purchase agreement to
acquire an office and warehouse facility in the Tai Seng industrial
precinct for a total consideration of S$25.0 million. an additional 0.27
Singapore cents per unit, representing an increase of 3.64% from the
forecast2 FY2008 DPU of 7.41 Singapore cents per unit for the financial
year ended 31 March 2008 and also for 2009.
* Union Steel Holdings Ltd - Proposing a renounceable non-underwritten
Rights Issue of warrants, on a basis of one (1) warrant for every five (5)
shares held by shareholders of the Company. Based on the existing share
capital, the Company will be issuing up to 69,421,050 Warrants at an issue
price of S$0.03 for each Warrant, and each Warrant carrying the right, but
not the obligation, to subscribe for one new share (“New Share”) of the
Company at the exercise price of S$0.12. Based on the issue price and
exercise price of each Warrant, the aggregate cost of subscribing to each
New Share is S$0.15, which represents a discount of approximately 50.8% to
last transacted price of S$0.305 for each Share.
* Marco Polo Marine Ltd - FY07 Results: Revenue increased 134% to S$37.1
million, lifted by robust growth from both ship building and ship
chartering operations with net profit climbing 56% to S$8.4 million. As at
September 30, 2007, the Group’s NAV/share stood at 11.9 Singapore cents,
compared to 5.1 Singapore cents YoY
* Casa Holdings Ltd - FY07 Results: Revenue maintained @2.5% increase with
a S$4.491M loss in FY06 turned around with a S$7.805M gain in net profit
due to improved gross profit margins, gains from disposal of discontinued
operations and contributions from its associate company
* Sing Holdings Ltd - The proposed en-bloc purchase of Finland Gardens has
been dismissed by STB today on the grounds that statutory requirements have
not been fully complied with.
* Saizen REIT - has completed investments in 14 properties for a total
aggregate of JPY5.01B
* Mapletree Logistics Trust - UBS AG has increased its stake from 6.87 % To
7.31 % through a series of transactions
HG Metal - PROPOSED BONUS ISSUE 106,174,534 new ordinary shares
EI-NETS - THE PROPOSED ISSUE BY THE COMPANY TO PACIFIC CAPITAL INVESTMENT
MANAGEMENT LIMITED OF UNSECURED NON-INTEREST BEARING CONVERTIBLE NOTES DUE
2012 WITH AN AGGREGATE PRINCIPAL AMOUNT OF UP TO S$20,000,000 (IN FIVE
EQUAL TRANCHES OF S$4,000,000 PER TRANCHE AND EACH TRANCHE COMPRISING FOUR
EQUAL SUB-TRANCHES OF S$1,000,000 EACH) AT AN ISSUE PRICE OF 100 PER CENT
OF THE PRINCIPAL AMOUNT OF SUCH NOTES.
Guangzhao IFB receives endorsement for its solt tolerant poplar, plans mass
cultivation
Eastern Holdings receives in principal approval for one for two bonus issue
SIA increases fuel surcharge on the back of rising jet fuel prices
Craft Print International results - 2H revenue up 34% over the 1H, net
profit of $349,000 in 2H2007 which reduced 1H2007 losses from $1.046
million to a net loss of $697,000 for the year.
Friday, November 30, 2007
Saturday, November 10, 2007
US stock market continues downward path 11th nov
Stocks in U.S. tanked for a fourth day out of five on Friday, ending a forgettable week that saw financial stocks being hammered due to growing subprime problems and the technology heavy Nasdaq Composite Index losing almost 7%. Wachovia Corp, the nation's fourth-largest bank, said in a regulatory filing that it expects loan losses of as much as $600 million in the fourth quarter. This sparked further selling of embattled financial stocks.
The Dow Jones Industrial Average lost another 223.5 points, or 1.7%, to 13,042.7, giving it a weekly drop of nearly 4%. Of the Dow's 30 components, 24 ended in the red, led by IBM Corp. and General Motors Corp. both of them losing about 5.5%. The S&P 500 Index also fell 21.07 points, or 1.4%, to 1,453,70, dropping 3.7% for the week.
Despite an unexpected decline in the U.S. trade deficit in September, which the Commerce Department attributed to a surge in exports, investors chose to focus on the negative news. The U.S. dollar continued its downward path, dropping about 1.75% against the Japanese yen as financial woes on Wall Street took their toll on stocks. A bleak consumer sentiment survey further raised concerns about U.S. economic growth. The consumer sentiment index released by Reuters and the University of Michigan is now at its lowest level in 13 months. The decline in consumer sentiment could lead to a grim holiday sales season for retailers.
The Nasdaq Composite Index fell 68.06 points, or 2.5%, to 2,627.94.
The technology-heavy index has declined 6.5% since last week as the tech sector experienced another sell-off session.
Even the high-flying Google Inc. was not spared, with the Internet search engine dropping 4.2% to $663.50, down sharply from the intraday high of $747.24 hit just two days.
In commodities market, oil futures saw volatile trading before closing up 86 cents at $96.32 a barrel amid concerns about supply problems and the weakening U.S. economy.
Gold futures finished slightly lower, down $2.80 to $834.70 an ounce, but still posted a gain of more than $26 on the week, as U.S. dollar weakness continues to provide support for Gold prices.
Stocks in U.S. tanked for a fourth day out of five on Friday, ending a forgettable week that saw financial stocks being hammered due to growing subprime problems and the technology heavy Nasdaq Composite Index losing almost 7%. Wachovia Corp, the nation's fourth-largest bank, said in a regulatory filing that it expects loan losses of as much as $600 million in the fourth quarter. This sparked further selling of embattled financial stocks.
The Dow Jones Industrial Average lost another 223.5 points, or 1.7%, to 13,042.7, giving it a weekly drop of nearly 4%. Of the Dow's 30 components, 24 ended in the red, led by IBM Corp. and General Motors Corp. both of them losing about 5.5%. The S&P 500 Index also fell 21.07 points, or 1.4%, to 1,453,70, dropping 3.7% for the week.
Despite an unexpected decline in the U.S. trade deficit in September, which the Commerce Department attributed to a surge in exports, investors chose to focus on the negative news. The U.S. dollar continued its downward path, dropping about 1.75% against the Japanese yen as financial woes on Wall Street took their toll on stocks. A bleak consumer sentiment survey further raised concerns about U.S. economic growth. The consumer sentiment index released by Reuters and the University of Michigan is now at its lowest level in 13 months. The decline in consumer sentiment could lead to a grim holiday sales season for retailers.
The Nasdaq Composite Index fell 68.06 points, or 2.5%, to 2,627.94.
The technology-heavy index has declined 6.5% since last week as the tech sector experienced another sell-off session.
Even the high-flying Google Inc. was not spared, with the Internet search engine dropping 4.2% to $663.50, down sharply from the intraday high of $747.24 hit just two days.
In commodities market, oil futures saw volatile trading before closing up 86 cents at $96.32 a barrel amid concerns about supply problems and the weakening U.S. economy.
Gold futures finished slightly lower, down $2.80 to $834.70 an ounce, but still posted a gain of more than $26 on the week, as U.S. dollar weakness continues to provide support for Gold prices.
Friday, November 09, 2007
US and Regional stock markets
US stocks fell for a second straight day on Thursday, led by declines in the Nasdaq after tech bellwether Cisco Systems signalled the credit crisis was hurting demand from key customers, including banks. A late-day rebound in beaten-down financial stocks, however, pulled the indexes well off their worst levels of the day. The rebound was attributed to traders buying stocks to cover their earlier bets against the financial sector, which has been trading at two-year lows.
The Dow Jones industrial average fell 33.73 points, or 0.25 per cent, to end at 13,266.29. The Standard & Poor's 500 Index was down just 0.85 of a point, or 0.06 per cent, at 1,474.77. The Nasdaq Composite Index was down 52.76 points, or 1.92 per cent, at 2,696.00.
The European Central Bank held its key interest rate at 4.0 per cent on Thursday as the bank contends with conflicting pressures from a soaring euro and a jump in euro zone inflation. The Bank of England held interest rates at a six-year high of 5.75 per cent for the fourth month running on Thursday, but expectations of a cut soon are growing as stocks slide and house prices fall.
Asian markets fell yesterday after Wall Street posted its second big drop in a week as investors worried about the extent of fallout from the global credit crisis. Japan's benchmark Nikkei 225 index sank 2 per cent, while the Hang Seng Index in Hong Kong tumbled 3.2 per cent. China's benchmark Shanghai Composite Index lost 4.9 per cent in its biggest one-day decline in four months. Shares also fell in Australia, India, South Korea and the Philippines.
In Japan, the Nikkei 225 index fell 325.11 points, or 2.02 per cent, to 15,771.57. In Hong Kong, the benchmark Hang Seng index dropped 948.71 points, or 3.2 per cent, to 28,760.22.
Stock markets in Singapore and Malaysia were closed for the Deepavali holiday yesterday.
US stocks fell for a second straight day on Thursday, led by declines in the Nasdaq after tech bellwether Cisco Systems signalled the credit crisis was hurting demand from key customers, including banks. A late-day rebound in beaten-down financial stocks, however, pulled the indexes well off their worst levels of the day. The rebound was attributed to traders buying stocks to cover their earlier bets against the financial sector, which has been trading at two-year lows.
The Dow Jones industrial average fell 33.73 points, or 0.25 per cent, to end at 13,266.29. The Standard & Poor's 500 Index was down just 0.85 of a point, or 0.06 per cent, at 1,474.77. The Nasdaq Composite Index was down 52.76 points, or 1.92 per cent, at 2,696.00.
The European Central Bank held its key interest rate at 4.0 per cent on Thursday as the bank contends with conflicting pressures from a soaring euro and a jump in euro zone inflation. The Bank of England held interest rates at a six-year high of 5.75 per cent for the fourth month running on Thursday, but expectations of a cut soon are growing as stocks slide and house prices fall.
Asian markets fell yesterday after Wall Street posted its second big drop in a week as investors worried about the extent of fallout from the global credit crisis. Japan's benchmark Nikkei 225 index sank 2 per cent, while the Hang Seng Index in Hong Kong tumbled 3.2 per cent. China's benchmark Shanghai Composite Index lost 4.9 per cent in its biggest one-day decline in four months. Shares also fell in Australia, India, South Korea and the Philippines.
In Japan, the Nikkei 225 index fell 325.11 points, or 2.02 per cent, to 15,771.57. In Hong Kong, the benchmark Hang Seng index dropped 948.71 points, or 3.2 per cent, to 28,760.22.
Stock markets in Singapore and Malaysia were closed for the Deepavali holiday yesterday.
Monday, November 05, 2007
Hong Kong Stock Market Experienced Sharpest One Day Drop
- Led Asian Markets Lower
HONG KONG (XFN-ASIA) - Share prices closed sharply lower, with the key index posting its biggest one-day points drop ever, as China stocks tumbled after comments from Chinese Premier Wen Jiabao suggested that Beijing will delay further the start of direct share purchases in Hong Kong by mainland individuals.
Wen said the individual investor scheme, which Beijing had announced in August, should be implemented only after ensuring that conditions are in place to minimize its impact on China's domestic bourses and fund flows.
He also said that investors' risk awareness must be improved before they are allowed to buy overseas stocks.
The comments led to profit-taking in H-shares and red chips, which had posted sharp gains over the past two months on hopes of a boost from mainland individuals.
PetroChina also succumbed to profit-taking despite a stronger-than-expected debut of its A-shares in Shanghai.
Dealers noted that the financial sector also contributed to the market's weakness as troubles at Citigroup renewed concerns over the fallout of credit market meltdown on global financial institutions.
Citigroup CEO Charles Prince resigned in the wake of huge losses in the bank's mortgage-backed securities business. He joins Merrill Lynch's Stanley O'Neal, who also quit last week after announcing a big quarterly loss.
The Hang Seng Index closed down 1,526.02 points or 5.01 pct at 28,942.32, off a low of 28,920.30 and high of 30,356.79. Today's showing marks the index's biggest one-day points drop ever.
The index's previous biggest one-day points drop was on October 28, 1997, when it fell 1,438.31 points.
Turnover was 158.76 bln hkd.
- Led Asian Markets Lower
HONG KONG (XFN-ASIA) - Share prices closed sharply lower, with the key index posting its biggest one-day points drop ever, as China stocks tumbled after comments from Chinese Premier Wen Jiabao suggested that Beijing will delay further the start of direct share purchases in Hong Kong by mainland individuals.
Wen said the individual investor scheme, which Beijing had announced in August, should be implemented only after ensuring that conditions are in place to minimize its impact on China's domestic bourses and fund flows.
He also said that investors' risk awareness must be improved before they are allowed to buy overseas stocks.
The comments led to profit-taking in H-shares and red chips, which had posted sharp gains over the past two months on hopes of a boost from mainland individuals.
PetroChina also succumbed to profit-taking despite a stronger-than-expected debut of its A-shares in Shanghai.
Dealers noted that the financial sector also contributed to the market's weakness as troubles at Citigroup renewed concerns over the fallout of credit market meltdown on global financial institutions.
Citigroup CEO Charles Prince resigned in the wake of huge losses in the bank's mortgage-backed securities business. He joins Merrill Lynch's Stanley O'Neal, who also quit last week after announcing a big quarterly loss.
The Hang Seng Index closed down 1,526.02 points or 5.01 pct at 28,942.32, off a low of 28,920.30 and high of 30,356.79. Today's showing marks the index's biggest one-day points drop ever.
The index's previous biggest one-day points drop was on October 28, 1997, when it fell 1,438.31 points.
Turnover was 158.76 bln hkd.
Singapore stock market and share related news 5th nov
Excelpoint - 3Q results - Sales turnover up by 14.8% yoy. Net profit down from $0.24 million to $0.19 million, due to higher operating expenses, higher selling and distribution costs and wages.
Indofood Agri - completed acquisition of majority interest in Pt Perusahaan Perkebunan London Sumatra Indonesia TBK
Board Room - 1Q results - Revenue up 16.2% yoy on increase of clients, new assignments. Pretax profit up 24.9% yoy.
Sim Lian's wholly owned subsi, Geo-Tele has entered in to sales and purchase agreement with Savvis Singapore company to divest its entire data centre business and assets for a total consideration of
S$7.8 Million in cash.
Capita Mall Trust - Placement - Private placement of 97m new shares at
S$3.63 per share.
China Infrastructure Holdings - Placement - placement of 150m new shares at the issue price of S$0.095 per share.
CH Offshore: Released 1Q07/08 results. Revenue decreased by 3%, profit from operations drop by 24.6%. Profit after tax drop by 25.4%.
Great Eastern Holdings: 3Q07 results. Overall, GE's profit surges 34% to 402.3mil.
ADROIT: Coy, through ASphere, its subsi, completed acquiring 1mil of issued shares of Gemisuria Corp for an aggregate purchase consideration of RM2.
UIC: 3Q07 results. Net profit increased by 40% to 41mil. Revenue by 76% qoq.
UNI-Asia: Coy used usd1.3mil, 1.4mil and 1.35mil for coy's investments in Akebono fund through the subscription of performance notes issued by the Akebono fund.
Lian Beng: Coy announced JV with Duke Development via a 20% equity sharing with Duke.
CapitaLand: Capitaland Retail Indea Investments has subscribed for and been allotted an additional 9.8mil shares of Rp10 ea in Flicker Projects Pte Ltd for 490mil. Flicker continues to be an indirect subsi of Capitaland.
SPLand: 1H07 results. Revenue increased by 27% qoq, net profit by 25% at 36mil.
Venture: Coy achieved a record net profit of SGD227mil for the first 9mths of 07, a 40% increase qoq. This translate to an EPS of 82.5cts on a fully diluted basis.
HengXin: 3Q NP increase 10.2% to RMB26M QOQ, YOY decrease by 2.8% to 65M.
Mainly due to securing more contacts in RF coaxiale cables which increase revenue increase from 170.4M to 241.3M QOQ
C&O: 1Q'08 ended 30 Sept result to be announce on 12 Nov Mon during lunch time
Gallant: Sub. Verizon Resorts Limited has acquired 100% of Great Success Investments Limited for US$2
SNF: Proposed acquisition of up to 75% of multielectron optronics co Ltd
(MEO) which specialized in the engineering design & original design manufacturer (ODM) of small & medium size TFT LCD used in digital photo frames, DVD players etc for $8,250,000. Profit guarantee '07 $2M, '08 $8m
* Kep Land Ltd - Its 2 wholly-owned subsidiaries Dattson Pte Ltd & Sophia Intl Pte Ltd have entered into 2 separate JVs with local property developer, An Phu Corporation to develope luxury villas & condominiums in District 9 of Ho Chi Minh City, Vietnam
* Travelite Holdings Ltd - The Company has on 2 November 2007 executed a sale and purchase agreement to acquire 70% interest in the capital of Fashion Street (S) (Pte) Ltd from Shinji Anno and Takako Anno at a purchase consideration of S$2.55M
* Delong Holdings Ltd - SGX issues queries on Delong's 3Q07 results namely in areas of its increased inventory with high sales, FX losses as well as the impact of its 13.2% stake in ASX-listed Cape Lambert Iron Ore Ltd
* Yanlord Land Group Ltd - Frasers Hospitality and Yanlord Land Group Limited have jointly opened the doors of their first serviced residence in Nanjing. Fraser Suites Nanjing, owned by Yanlord, is a 30-level gold-standard serviced residence located in a prime area at the heart of the emerging Central Business District in Hexi, Jianye District.
* Haw Par Corp Ltd - Will be releasing its 3Q07 & 9 months earnings results on 7th Nov 07.
* Biosensors Group Intl Ltd - Will announce its financial results for the second quarter and first half of its fiscal year ended 30 September 2007 on Monday, 12 November 2007 before trading hours.
* Foreland Fabritech Holdings Ltd - Has successfully developed a new product – a biodegradable compound fabric that is environmentally friendly and has an advanced grading and higher performance function. This new fabric has passed the tests conducted by the relevant Chinese governing authorities. Targeted to be launched and commercialised by November 2007, the new product is expected to command higher gross profit margin than that of the average of the Group’s existing product range
* Multi-Con Systems Ltd - Has entered into a sales & purchase agreement & a subscription agreement to acquire 75% of CEE Tech & Mgmt Pte Ltd for S$41.3M through the issuance of 154.843M shares prices @S$0.15/share & S$8M
Excelpoint - 3Q results - Sales turnover up by 14.8% yoy. Net profit down from $0.24 million to $0.19 million, due to higher operating expenses, higher selling and distribution costs and wages.
Indofood Agri - completed acquisition of majority interest in Pt Perusahaan Perkebunan London Sumatra Indonesia TBK
Board Room - 1Q results - Revenue up 16.2% yoy on increase of clients, new assignments. Pretax profit up 24.9% yoy.
Sim Lian's wholly owned subsi, Geo-Tele has entered in to sales and purchase agreement with Savvis Singapore company to divest its entire data centre business and assets for a total consideration of
S$7.8 Million in cash.
Capita Mall Trust - Placement - Private placement of 97m new shares at
S$3.63 per share.
China Infrastructure Holdings - Placement - placement of 150m new shares at the issue price of S$0.095 per share.
CH Offshore: Released 1Q07/08 results. Revenue decreased by 3%, profit from operations drop by 24.6%. Profit after tax drop by 25.4%.
Great Eastern Holdings: 3Q07 results. Overall, GE's profit surges 34% to 402.3mil.
ADROIT: Coy, through ASphere, its subsi, completed acquiring 1mil of issued shares of Gemisuria Corp for an aggregate purchase consideration of RM2.
UIC: 3Q07 results. Net profit increased by 40% to 41mil. Revenue by 76% qoq.
UNI-Asia: Coy used usd1.3mil, 1.4mil and 1.35mil for coy's investments in Akebono fund through the subscription of performance notes issued by the Akebono fund.
Lian Beng: Coy announced JV with Duke Development via a 20% equity sharing with Duke.
CapitaLand: Capitaland Retail Indea Investments has subscribed for and been allotted an additional 9.8mil shares of Rp10 ea in Flicker Projects Pte Ltd for 490mil. Flicker continues to be an indirect subsi of Capitaland.
SPLand: 1H07 results. Revenue increased by 27% qoq, net profit by 25% at 36mil.
Venture: Coy achieved a record net profit of SGD227mil for the first 9mths of 07, a 40% increase qoq. This translate to an EPS of 82.5cts on a fully diluted basis.
HengXin: 3Q NP increase 10.2% to RMB26M QOQ, YOY decrease by 2.8% to 65M.
Mainly due to securing more contacts in RF coaxiale cables which increase revenue increase from 170.4M to 241.3M QOQ
C&O: 1Q'08 ended 30 Sept result to be announce on 12 Nov Mon during lunch time
Gallant: Sub. Verizon Resorts Limited has acquired 100% of Great Success Investments Limited for US$2
SNF: Proposed acquisition of up to 75% of multielectron optronics co Ltd
(MEO) which specialized in the engineering design & original design manufacturer (ODM) of small & medium size TFT LCD used in digital photo frames, DVD players etc for $8,250,000. Profit guarantee '07 $2M, '08 $8m
* Kep Land Ltd - Its 2 wholly-owned subsidiaries Dattson Pte Ltd & Sophia Intl Pte Ltd have entered into 2 separate JVs with local property developer, An Phu Corporation to develope luxury villas & condominiums in District 9 of Ho Chi Minh City, Vietnam
* Travelite Holdings Ltd - The Company has on 2 November 2007 executed a sale and purchase agreement to acquire 70% interest in the capital of Fashion Street (S) (Pte) Ltd from Shinji Anno and Takako Anno at a purchase consideration of S$2.55M
* Delong Holdings Ltd - SGX issues queries on Delong's 3Q07 results namely in areas of its increased inventory with high sales, FX losses as well as the impact of its 13.2% stake in ASX-listed Cape Lambert Iron Ore Ltd
* Yanlord Land Group Ltd - Frasers Hospitality and Yanlord Land Group Limited have jointly opened the doors of their first serviced residence in Nanjing. Fraser Suites Nanjing, owned by Yanlord, is a 30-level gold-standard serviced residence located in a prime area at the heart of the emerging Central Business District in Hexi, Jianye District.
* Haw Par Corp Ltd - Will be releasing its 3Q07 & 9 months earnings results on 7th Nov 07.
* Biosensors Group Intl Ltd - Will announce its financial results for the second quarter and first half of its fiscal year ended 30 September 2007 on Monday, 12 November 2007 before trading hours.
* Foreland Fabritech Holdings Ltd - Has successfully developed a new product – a biodegradable compound fabric that is environmentally friendly and has an advanced grading and higher performance function. This new fabric has passed the tests conducted by the relevant Chinese governing authorities. Targeted to be launched and commercialised by November 2007, the new product is expected to command higher gross profit margin than that of the average of the Group’s existing product range
* Multi-Con Systems Ltd - Has entered into a sales & purchase agreement & a subscription agreement to acquire 75% of CEE Tech & Mgmt Pte Ltd for S$41.3M through the issuance of 154.843M shares prices @S$0.15/share & S$8M
Thursday, November 01, 2007
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