Friday, July 04, 2008

SINGAPORE SHARE MARKET HEADLINE NEWS 4JULY

- SembCorp Marine said that Atwood Oceanics Inc. has conditionally exercised an option to construct a second deepwater semi-submersible rig with Jurong Shipyard. Contract details are being discussed.

- ST Engineering CEO Tan Pheng Hock said the impact of a slowdown in the aviation industry on the company was “minimal” at worst and could even provide growth opportunities.

- Although stock market turnover fell 15.6% YoY in 1H08 to S$220.1bn, warrant volume surged 21% to S$13.1bn.

- CityDev has begun to preview its much-awaited Livia condo at Pasir Ris at an average price of about S$650 psf for the initial batch of units according to the Business Times.

- Reuters reports that Fraser and Neave is looking to sell S$125m worth of two-year bonds with a semi-annual coupon of 3.6%.

- Driven by rising corporate demands, Frasers Hospitality says it expects to grow its brand of serviced apartments to 8,500 by 2010.

- BBR Holdings has secured a S$26.4m contract from the Ministry of Education for works at an existing school in Tampines.

- Healthway Medical Corp said that the public tranche of its IPO was 6.6x subscribed. Together, the private placement and public subscription was 1.04x subscribed.

- FM Holdings has inked a MOU to buy 90% of TriStar Global Services, which owns two Indonesian coal-mining firms, for up to S$160m.

- Hong Kong-based bulk cargo shipping firm Maritime Capital Shipping withdrew a Singapore listing worth up to US$300m.

No comments:

Post a Comment

About Me

enjoy stock and forex trading