Markets and Investing
Venture Corp’s growth to slow down in 2Q11
OCBC says this is due to the 17.5% drop in Singapore’s industrial production.
Venture Corp’s growth to slow down in 2Q11
OCBC says this is due to the 17.5% drop in Singapore’s industrial production.
Keppel secures US$1.75bn worth of new orders in 3 months
Kim Eng says Keppel’s offshore and marine division has orders amounting to US$7.3 bn lasting until 2014.
Parkway Holdings to make a comeback in 3 to 6 months
Kim Eng says assets for the offering will be placed under a new company called Parkway Pantai Limited and is expected to be valued over $5bn.
Profit Jam: ComfortDelGro’s profit growth estimates for 2011 fall by 2%
Phillip Capital says there could be improved profitability from the company’s bus business due to lower oil prices.
AREIT raised S$393m in March 2011 for potential acquisitions
Ascendas REIT submitted bids for JTC’s ready-built industrial facilities with 15 flatted factories, six amenity centres and 1,749 car-park lots.
Wilmar International unaffected by China price caps
This, as Wilmar received some 1.2m tons of subsidized soy beans from the Chinese government, says OCBC.
NOL’s profit estimates for 2011 sink 73%
Blame it on continuous freight rate deterioration, says DBS.
Price pressure: SATS’ rates to drop by 15% after new competitor ASIG starts
But this doesn’t pose a major impact, as SATS controls 80% of businesses in Changi, says OCBC.
Ezion secures US$73m contract with Maersk Oil
They will be acquiring a cold-stacked rig, and converting it to an accommodation-purpose rig with 140 single man-cabins, says CIMB.
Loss making NOL splurges US$1.54bn on new ships
The order from the Korean shipyards includes ten 14,000 TEU vessels and two 9,200 TEU vessels.
ST Engineering seals S$171m contract with Swire Pacific Offshore Operations
The contract is for the construction and outfitting of 4 Anchor Handling Tug Supply vessels, DBS reports.
South Beach project to be completed in 2015
It will comprise 644,871 sq ft of office space, 60,924 sq ft of retail space, 701 hotel rooms and 180 residential apartments.
Noble Group still unsure of Territory Resources takeover
TTY’s share price is currently trading at A$0.515, above Noble’s takeover offer price, says DBS.
Singapore Press Holdings wants to expand its retail business: OCBC
It may have just lost out in its $1 bn bid for the East Jurong site, but it has other options lined up.
Yongnam Holdings secures more than S$190m worth of contracts in Q2 2011
This makes YNH’s order book bid for S$1.2bn worth of projects this year, says CIMB.
Singapore Press Holdings should focus on digital media, not property:Kim Eng
Kim Eng advises Singapore Press Holdings to focus on boosting its digital media revenue stream instead.
Sembcorp Marine receives order worth US$600m
This project with PTT Exploration and Production Company will include the fabrication and installation of 20,000 tonnes of platform topsides and an 18,000 tonne jacket.
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