News

Revenue grew 26% to S$2.5bln as the group attributes growth to IndoChina region’s contribution, accounting for 48% APB’s PBIT.

The offshore construction services provider reported a 27.5% increase in revenue to US$122.4, taking into consideration the contributions arising from the projects awarded to the company since November 2009.

The ratings agency said the telecommunications company’s S$4.44b revenue was in line with its expectations and has no immediate impact on the company's Aa2 rating.

The niche property developer Heeton Holdings has posted a net profit of $16.9 million for the nine months on revenue of $32.7 million, compared with net profit of $10.3 million on revenue of $41.9 million a year ago. This takes into account a $4.7 million profit contribution during the nine months from the divestment of wet markets operations in 1Q10. Excluding this item, the increase innet profit from continuing operations was 25.1%.

Flat passenger operating data for the past two months and soaring jet fuel prices are making the carrier’s stocks unattractive despite its 18% revenue increase for 2QFY11 to S$3,631.2m.

Singapore trails behind Hong Kong with 22% share in region’s total direct real estate investment, which rose 53% to US$18bln.

Yet they still seek more and faster data as survey finds data deluge driving IT investments in customer relationship management software and security systems.

SGX opens door to its 34th maritime & offshore listed company with market capitalisation of S$80mln.

Robust growth in Singapore and Australia helped propel the telecommunications company’s revenue for 2Q by 8% toS$4.44b despite incurring losses earlier this year due to the acquisition of an African mobile services provider.

The luxury real estate developer posted impressive results for the first nine months of 2010, with revenue rising 11% y-y to S$191.6 mil, and PATMI soaring 517% to S$33.4 mil.

The action raises the government's foreign and local currency bond ratings to Aa3 from A1, China's country ceilings for foreign and local currency bank deposits to Aa3 from A1, and the ceilings for foreign and local currency bonds to Aa3 from A1.

Phillip Securities Research notes the chemical manufacturing company’s “spectacular ascent” as its net profit exceeded the estimate by 91.1% and revenue by 22.2% for 3Q10.

Software and Software Related Services revenue in the Asia Pacific-Japan region reached €300 million while total revenue saw a corresponding 20% growth to €365 million.

Optus 3G subscribers increased to 4.5mln in the quarter, with wireless broadband subscribers more than 1mln.

Phillip Securities Research has upgraded the trading company's stock recommendation to a "Buy" in light of its 82% jump in revenue for 9M10 and recovery of its margins in the Agriculture segment.

The construction company's revenue for the first nine months of 2010 might have contracted due to lower revenue contribution from general construction, but gross profit expanded 49%, thanks to specialised engineering projects.