Markets and Investing
Keppel to focus on core logistics and data center operations
CIMB senses that Keppel will be undergoing major changes in the next 3 - 5 years, including expansion in China and Vietnam.
Keppel to focus on core logistics and data center operations
CIMB senses that Keppel will be undergoing major changes in the next 3 - 5 years, including expansion in China and Vietnam.
Genting Hong Kong posts good growth profile in Q1 2011
This, as NCL’s results released in May showed a 37.5% YoY increase to US$81.9m.
Midas clinches RMB 62m Shanghai Metro contract
The deal with CNR Changchun is for 41 train sets, or 246 train cars.
First Ship Lease Trust acquires second tanker for US $46m
FSL Trust will be leasing the tankers back to TORM for a 7-year base period on a bareboat charter basis, says DBS.
Yangzijiang signs US$700m shipbuilding contract with Seaspan
The massive deal is for the construction of seven 10,000TEU container ships for Seaspan Corporation.
Keppel seals $175m deal with Seadrill
This latest order for a semisubmersible drilling tender brings Keppel's order book t a whopping $9.9billion.
Ascendas REIT seals $110m deal with Jurong Town Corporation
The project is a 25k sqm business park site at Fusionopolis which comprises 60% business park space and 40% office space.
OSIM to issue $120m worth of unsecured convertible bonds
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.
Wilmar to boost profit as China lifts price caps for retail vegetable oils
Assuming a 6-month impact, the company could now gain around US$15m, says CIMB.
Virgin Australia the bigger winner from tie-up with SIA
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.
Train stations key to Ascott’s growth overseas
But Singapore still contributed 19% to Ascott's earnings this year.
SIA willing to sell its 49% stake in Virgin Atlantic as it cashes in to fund budget startup
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 beats UOB in Indonesia expansion
OCBC's Indonesia loans exceed UOB's by a close 0.4%.
“Planking” market hits small mid caps
Singapore mid-cap and small-cap indices tumbled 1.5% and 4.0% respectively in the past one month, says DBS.
SingPost acquires 30% of DataPost shares
This latest transaction leaves DataPost at a $20m value, close to its NTA of about $19.5m as on 31 Mar 2011, says OCBC.
YTD, Keppel, and Sembcorp secure orders worth $8.1 billion in Q4 2010
And their annual order intake is likely to surpass the peak annual order of S$12.8b in 2007, says DMG.
The cheque’s not in the mail: SingPost failing to invest in non-mail businesses
The mailman raised $200 million in 2010 but so far has only managed to invest $30 million, and analysts are concerned.
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