Markets and Investing

CIMB senses that Keppel will be undergoing major changes in the next 3 - 5 years, including expansion in China and Vietnam.

This, as NCL’s results released in May showed a 37.5% YoY increase to US$81.9m.

The deal with CNR Changchun is for 41 train sets, or 246 train cars.

FSL Trust will be leasing the tankers back to TORM for a 7-year base period on a bareboat charter basis, says DBS.

The massive deal is for the construction of seven 10,000TEU container ships for Seaspan Corporation.

This latest order for a semisubmersible drilling tender brings Keppel's order book t a whopping $9.9billion.

The project is a 25k sqm business park site at Fusionopolis which comprises 60% business park space and 40% office space.

The CBs will mature in July 2016 and can be convertible into new ordinary shares at an initial conversion price of S$2.025 per share, reports OCBC.

Assuming a 6-month impact, the company could now gain around US$15m, says CIMB.

As Virgin increases its market share by 10%-20% and SIA is still denied access to the profitable trans-Pacific routes, DMG sees the deal to be more beneficial for Virgin.

But Singapore still contributed 19% to Ascott's earnings this year.

SIA's stake could be worth $1 billion or more, so if sold, this would be a substantial gain for the Group, says DBS.

OCBC's Indonesia loans exceed UOB's by a close 0.4%.

Singapore mid-cap and small-cap indices tumbled 1.5% and 4.0% respectively in the past one month, says DBS.

This latest transaction leaves DataPost at a $20m value, close to its NTA of about $19.5m as on 31 Mar 2011, says OCBC.

And their annual order intake is likely to surpass the peak annual order of S$12.8b in 2007, says DMG.