ECONOMY, MARKETS & INVESTING | Staff Reporter, Singapore

Daily Briefing: Demand for HR professionals continue to rise; Sembcorp Marine buys back shares

And here’s Standard Chartered Plc’s latest investment.

From The Motley Fool:

Sembcorp Marine is one of the largest oil rig builders in the world. The firm also has capabilities in performing repairs and upgrades of vessels, marine and offshore structures, among others.

On 6 and 8 November 2017, Sembcorp Marine bought back a total of 300,000 shares at a price range of between S$1.9614 and S$1.9696 per share. The total cost came up to slightly below S$590,500.

The firm’s shares ended Friday at S$1.97. This translates to a trailing price-to-earnings (PE) ratio of around 50 and a dividend yield of 1%.

Read more here.

From Bloomberg Finance:

Standard Chartered Plc’s loss-making private equity unit is planning an investment in a Singaporean crane firm, signaling it’s still open to deals even as the business shrinks.

Standard Chartered Private Equity, or SCPE, has proposed to buy shares of publicly listed Tat Hong Holdings Ltd., the Singapore-based company said Friday in a filing to the local stock exchange. The London-based bank’s buyout unit has offered to pay 50 Singapore cents ($0.37) a share, subject to conditions, Tat Hong said in the statement, without specifying the number of shares involved. That’s 28 percent higher than the year-to-date average price of the firm, which has a market value of S$347 million.

Read more here.

From Human Resources Online:

As the war for top talent continues, it’s no surprise to see an increase in demand for HR professionals.

According to the JobTech 3Q 2017 Online Jobs Census, HR jobs saw a quarter-on-quarter growth of 17.1% compared to Q2, with the overall number of HR jobs in Q3 standing at just over 1,200.

This marks a growth in hiring appetite over three quarters since 1Q 2017, with Q2 seeing a quarter-on-quarter growth of 16.3% compared to Q1.

Read more here.

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