Building & Engineering News
|
|
|
BUILDING & ENGINEERING |
9 hours 38 min ago
11 reads
Chan Swee Choon has been appointed operations director; Kow Jong Pui, operations director of the Company's subsidiary, E'Mold Holding; and Sim Leng Kuan, group business development director. Read ››
|
|
|
|
BUILDING & ENGINEERING, MARKETS & INVESTING |
17 hours 56 min ago
197 reads
See its complete spending plan.
Read ››
|
|
|
|
BUILDING & ENGINEERING |
18 hours 15 min ago
28 reads
MOU signed to formalize joint participation.
Mainboard-listed specialist engineering group Hiap Seng Engineering Ltd (Hiap Seng) has announced via a release that it has entered into a Memorandum of Understanding (MOU) with industrialised building system contractor KUB Builders Sdn Bhd (KUBB) to jointly submit a proposal to pre-qualify to participate in the Petronas’ Refinery and Petrochemical Integrated Development (Rapid) Tank Farm Project at Pengerang, Johor in Malaysia. Read ››
|
|
|
|
BUILDING & ENGINEERING |
23 May 13
24 reads
He will replace To Kuo Hong who will stepped down because of personal matters. Read ››
|
|
|
|
BUILDING & ENGINEERING |
23 May 13
47 reads
Blame it on tighter labour rules.
According to OCBC Investment Research, 1Q13 revenue was 28.4% higher YoY but it saw a steeper than expected dip in gross margins from 21.0% to 15.1% over the quarter. Read ››
|
|
|
|
BUILDING & ENGINEERING |
22 May 13
223 reads
But full-year profit up 46%.
Read ››
|
|
|
|
BUILDING & ENGINEERING |
21 May 13
57 reads
He will retire on 31 May 2013 after 17 years on the Board of Directors. Read ››
|
|
|
|
BUILDING & ENGINEERING |
20 May 13
42 reads
He will pursue other career opportunities.
The Board of Multi-Chem announced the resignation of Teo Kheng Hwa as regional director of Singapore, Hong Kong and Taiwan. Read ››
|
|
|
|
BUILDING & ENGINEERING |
20 May 13
58 reads
No big-time orders in 1Q.
According to DBS, it trimmed FY13F/14F order win forecast to S$500m/ S$550m from S$550m/S$580m earlier leading to a 5%/4% cut in FY13F/14F earnings. Read ››
|
|
|
|
BUILDING & ENGINEERING, ENERGY & OFFSHORE |
20 May 13
288 reads
Outlook brightening as drillers escalate activities.
According to Barclays Research, increasing drilling activity in the North Sea and Gulf of Mexico (GOM) is poised to boost Singapore rig builders, especially Keppel Corp and Sembcorp Marine, who will be tapped to provide offshore drilling rigs for the expansion-hungry drillers. Read ››
|
|
|
|
BUILDING & ENGINEERING |
17 May 13
106 reads
Jonathan Phua Cher Chew and Boon Choon Kiat will assume new roles in TEE Land Private Limited to be renamed TEE Land Limited upon conversion to a public company. Read ››
|
|
|
|
BUILDING & ENGINEERING |
16 May 13
132 reads
Six contracts in past four months.
Mainboard-listed King Wan Corporation Limited (King Wan) is pleased to announce that its wholly owned subsidiary, King Wan Construction Pte Ltd (KWC) has secured six new mechanical and electrical (M&E) contracts in Singapore worth a total of S$28.4 million during the period from February to May 2013. Read ››
|
|
|
|
BUILDING & ENGINEERING |
16 May 13
144 reads
Staff costs were adjusted.
According to Nomura, SATS reported 4Q13 adjusted net income of SGD60mn, up 37% y-y and 25% q-q. Read ››
|
|
|
|
BUILDING & ENGINEERING |
16 May 13
134 reads
But headcount was flat.
According to OCBC, salary costs increased 5.7% to S$498.2m due to wage increases as headcount stayed roughly flat. Read ››
|
|
|
|
BUILDING & ENGINEERING |
16 May 13
96 reads
Its order book stood at CNY650m.
According to OCBC Investment Research, the order book for Midas and NPRT stood at CNY650m and CNY7.2b, respectively, as at 31 Mar 2013. Read ››
|
|
|
|
BUILDING & ENGINEERING |
16 May 13
77 reads
Blame it on lower new orders.
According to OCBC, CSE Global reported 1Q13 results that were in-line with estimates. Read ››
|
|
|
|
BUILDING & ENGINEERING |
16 May 13
121 reads
Steel and strutting business will boom.
Maybank Kim Eng predicts that with more than $8 trillion to be spent on Asian infrastructure investment, Yongnam Holdings will be one of the key beneficiaries as its market-leading structural steel and strutting businesses will likely receive a lion's share of the demand pie. Read ››
|
|
|
|
BUILDING & ENGINEERING |
15 May 13
73 reads
He has been the group CFO since 2009.
The Board of Swiber Holdings announced the appointment of Leonard Tay Gim Sin as executive director. Read ››
|
|
|
|
BUILDING & ENGINEERING |
15 May 13
143 reads
Net loss was also wider than expected.
According to OCBC Investment Research, Midas Holdings' profit from operations dipped 50.4% YoY to CNY18.9m. Read ››
|
|
|
|
BUILDING & ENGINEERING |
15 May 13
124 reads
Still up amidst cost pressures.
According to OCBC Investment Research, FY13 PATMI was S$184.8m (+2.1% YoY). Read ››
|
|
|
|
BUILDING & ENGINEERING |
15 May 13
125 reads
But revenues decreased 2%.
According to OCBC Investment Research, SIA Engineering Company's PATMI was up 0.4% to S$270m. Read ››
|
|
|
|
BUILDING & ENGINEERING |
15 May 13
67 reads
Thanks to larger contributions from current projects.
According to OCBC Investment Research, UE E&C reported a 43% YoY increase in revenue to S$87.6m and a 14% YoY increase in net profit of S$4.8m in 1Q13.
Here's more:
Read ››
|
|
|
|
BUILDING & ENGINEERING |
14 May 13
75 reads
But shipping still remained weak.
According to CIMB, 1Q13 PATMI of S$10.3m (+8% yoy) came as no surprise, with growth lifted by Basic Building Resources (BBR) and higher utilisation for CXP. Read ››
|
|
|
|
BUILDING & ENGINEERING |
14 May 13
117 reads
Its aerospace segment is ~42% of profits.
According to Nomura, STE’s aerospace segment contributed ~42% of PBT in FY12. Read ››
|
|
|
|
BUILDING & ENGINEERING |
13 May 13
73 reads
He is also chairman of the Remuneration Committee and a member of the Audit and Nominating Committees. Read ››
|
|
|
|
BUILDING & ENGINEERING, ENERGY & OFFSHORE |
13 May 13
211 reads
For one AHTS and four PSVs.
In a disclosure to the Singapore Exchange, the Board of Directors of Nam Cheong Limited (Nam Cheong) announced that Nam Cheong International Ltd., a wholly-owned subsidiary of Nam Cheong, has secured sale contracts (Contracts) with a total value worth USD110 million for one unit of Anchor Handling Towing Supply (AHTS) vessel and four units of Platform Supply Vessels (PSVs). Read ››
|
|
|
|
BUILDING & ENGINEERING |
12 May 13
167 reads
Rosy 4QFY3/13 results expected.
Maybank Kim Eng sounded off the positive forecast based on the robust nine-month performance Tat Hong Holdings has shown so far, with Crane Rental and Tower Crane segments see to continue driving growth. Read ››
|
|
|
|
BUILDING & ENGINEERING |
11 May 13
227 reads
Delivery set for 4Q this year.
In a release, the Board of Directors of COSCO Corporation (Singapore) Limited wishes to announce that COSCO (Zhoushan) Shipyard Co., Ltd. Read ››
|
|
|
|
BUILDING & ENGINEERING |
10 May 13
109 reads
She will pursue further career opportunities.
The Board of SP Corporation announced the resignation of Gan Pin Pin as chief financial officer effective 30 June 2013. Read ››
|
|
|
|
BUILDING & ENGINEERING |
10 May 13
109 reads
He will replace Ling Tien Yew, who resigned to pursue personal interest. Read ››
|
|
|
|
BUILDING & ENGINEERING |
10 May 13
68 reads
He will oversee the daily operations of Kin Xin Engineering including the project, tender and purchasing department. Read ››
|
|
|
|
BUILDING & ENGINEERING |
10 May 13
110 reads
Boosted by projects in Southeast Asia.
According to a release, Kreuz Holdings Limited, an integrated subsea service provider for the oil and gas industry, reported that the Group’s net profit increased 5.4% to US$10.8 million for the first quarter ended March 31, 2013 as compared to US$10.3 million in the previous corresponding period. Read ››
|
|
|
|
BUILDING & ENGINEERING |
09 May 13
146 reads
But it warns of intensified competition in Singapore.
According to Maybank Kim Eng, SCI would add new capacity of 400MW to its cogen plant by Dec 2013. Read ››
|
|
|
|
BUILDING & ENGINEERING |
09 May 13
150 reads
Heavy Lift and Haulage segment booming.
In a release, Mainboard-listed Tiong Woon Corporation Holding reported for the third quarter ended 31 March 2013 (3Q2013), that the Group registered revenue of S$45.3 million, an increase of 29 per cent over the S$35.1 million it recorded in the corresponding quarter of financial year 2012. Read ››
|
|
|
|
BUILDING & ENGINEERING |
08 May 13
189 reads
Half of which are projects outside Singapore.
According to a release, Rotary Engineering has recorded revenue of S$102.8 million and a net profit of S$2.5 million for its first-quarter results ended 31 March 2013. Read ››
|
|
|
|
BUILDING & ENGINEERING |
07 May 13
161 reads
Despite revenue hits in some divisions.
In what the company has described as a "steady performance," Singapore Technologies Engineering Ltd (ST Engineering) reported financial results for its first quarter ended 31 March 2013 (1Q2013) that almost mirrored the same period last year. Read ››
|
|
|
|
BUILDING & ENGINEERING, MARKETS & INVESTING |
07 May 13
294 reads
Under the stock code “S3N”.
To explain OKH Global Limited's stock code, Singapore Exchange explained that Sinobest Technology Holdings Ltd acquired OKH Holdings Pte Ltd for S$123 million. Read ››
|
|
|
|
BUILDING & ENGINEERING |
07 May 13
354 reads
Despite its highest bid of US$148.87m.
Citing Upstream, OCBC Investment Research said that Punj Lloyd is poised to win a US$131.45m contract from India’s state-owned ONGC to lay subsea pipelines and execute topside modification work for the B-127 field development in India.
Read ››
|
|
|
|
BUILDING & ENGINEERING |
06 May 13
239 reads
See what this new design offers.
In a release, TRIYARDS Holdings Limited (TRIYARDS or the Group) announced that it has become one of only three Singapore yards able to design and build its own proprietary drilling jack-ups and selfelevating units (SEUs) with the introduction of the new Premium Class 400 HPHT (high pressure, high temperature) Drilling Jack-up Rig, the TDU-400. Read ››
|
|
|
|
BUILDING & ENGINEERING, ECONOMY |
06 May 13
159 reads
It'll pocket 25% of spillovers.
According to the MAS, using input-output analysis, EPG decomposed the sectoral spillovers from a per dollar increase in domestic investment spending. Read ››
|
|
|
.jpg "Simon Tan")
