News

Analysts have raised net profit estimates by 2.8% to S$785m in FY2012E as crude oil prices are likely to bring in more orders for the shipping company.

With record net profit of S$1.97b for 9M10 and revenue growth of 14.7% y-y, the bank’s full year earnings for FY10 is likely to exceed the S$6.9b forecast by about S$300m.

The wholly-owned NYK subsidiary was picked by both the US and UK editions of Conde Nast Traveler magazine and holds the distinction of having won the award more than any other cruise line, hotel, or resort in history.

Tianjin Goldin Metropolitan Polo Club and Hotel boasts of two full-sized international standard polo fields—the largest of its kind in China—and they are exclusively for members’ use.

The developer won the tender for parcels 2, 3 and 4 at Yishun Street 23/Yishun Avenue 9 with a S$64.01m bid.

An updated statement from CAG said Runway 2, which has remained closed since the landing, will reopen later today while flights have continued to take off and land at Runway 1.

The bank's 3Q earnings rise 28% from 2009 to a record S$722m while net interest income rose 1% from the previous quarter to  S$1.08 billion as the benefit of loan growth was offset by continued softness in interest rates.

The economy might have grown 15.5% yoy for the first three quarters of this year, but Q3 also marked the first qoq saar contraction since Q4 2009 at -19.8% qoq saar.

In a statement, CAG said that QF 32, an A380 aircraft from the Australian carrier, turned back to Changi for technical reasons.

The EPCM company’s income exceeded last year’s figure of S$404.9m by 35% and turned in profit after tax of S$37.8 million, up 35% from S$28.1 million a year ago.

Interest in ADRs of companies with primary share listings in Hong Kong, accounted for a significant portion of the activity as the cost advantage, convenience and longer trading hours of SGX-quoted ADRs drew investors.

Properties in Wuhan, Tianjin and Xi’an are part of the developer’s target to achieve 12,000 apartment units in China by 2015.

With a rate of US$13.38 per sq. ft. per year for industrial space, the country joins Hong Kong and Tokyo as the three Asian cities with highest leases for 1H10.

Collective sale transactions in Singapore (y-t-d) amount to S$975.64 million, with over 90% of this total resulting from sale of properties in areas such as Balestier and Serangoon.

Passengers who depart from the airport to take their connecting flights will have to pay a Passenger Service Charge (PSC) or Passenger Security Service Charge (PSSC) of S$9.00 and S$3.00, respectively, starting April 2011.

The carrier’s revenues for 2Q11 might have risen by 35% yoy, but the bank says the figure could have been higher.