News
Singapore Markets Morning Briefing - what you need to know for Fri March 2, 2012
Singapore Markets Morning Briefing - what you need to know for Fri March 2, 2012
There was recovery in US equity markets and the Nikkei started strong.
City Developments on a fast growth track: DBS
Major revenues from its pre-sold units and China expansion will soon kick in.
City Developments landbank a huge liability
Its landback now stands at 5.56 million sq ft and poses lopsided risks, says OCBC.
Raffles Education signs accord with Langfang Fenghe for sale of Hebei, China properties
A Raffles Education subsidiary entered into an overall agreement with Langfang Fenghe International Golf Club.
Yanlord Land profit down 23.9%
Net profit attributable to shareholders in FY 2011 dropped to RMB1.482b.
UOB prices US$500 million 2.25% fixed rate senior notes
UOB announced that it intends to issue US$500 million 2.25% fixed rate senior notes due 2017.
Banks’ asset quality is as good as it gets: CIMB
And this is the key negative for Singapore’s banking sector.
Currency Briefing - what you need to know for Thurs March 1, 2012
Singapore dollar showed resilience and avoided a steeper decline.
Singapore Markets Morning Briefing - what you need to know for Thurs March 1, 2012
There was retreat on Wall Street amidst the STI's mini-recovery.
DBS' smashing US$ deposits revealed
US$ deposits grew by S$6.3bn and the US$ funding gap shrunk to S$21bn.
Cosco’s new orders to yield low to mid-single digit gross margins
Excluding the four options, the new contract will lift Cosco’s YTD new orders to US$305m.
UOB's soaring credit costs drag its growth
But the bank's strong net interest income was spurred by an upturn in margins.
Standard Chartered Bank posts record income of US$2b in FY11
Thanks to its consumer and wholesale banking business which accounted for 42% and 58% of the income, consecutively.
Which sectors saw the steepest DC rate drops?
Development charges for sectors 100, 103 and 104 has been reduced 14.3% due to flagging bid prices.
Why Singapore businesses need to put Asia first
Before long Asia will shed its role as a low cost production source and mature into a lucrative market.
Stiffer competition to pester Noble Group
This plus a greater aversion to risk will counter its rebound momentum, says DBS.
City Developments' net profit up 2% to $798.6m in 2011
The group sold a total of 1,818 residential units valued at a whopping $1.76 billion last year.
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