DMG has started Super Coffeemix Manufacturing (S10.SG) at “buy” with $1.10 target price, pegged at 8-year historical average P/E of 11.3x FY10 earnings, according to Dow Jones.
Archive for April, 2010
Yangzijiang target raised to $1.55, outperform by CLSA
April 30th, 2010 |
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CLSA has raised Yangzijiang’s (BS6.SG) target price to $1.55 from $1.44, based on 11.5x P/E, after increasing FY10–12 earnings forecasts by 9–17% to assume increased orders, according to Dow Jones.
Yeo Hiap Seng – Corporate moves
April 30th, 2010 |
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Koh Boon Hwee has been appointed non-executive chairman wef April 26
Work experience: Chairman/director, DBS; chairman, Singapore Airlines Ltd; chairman, Singapore Telecom Group
Indofood +0.8%; 1Q results, outlook supportive
April 30th, 2010 |
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Indofood Agri Resources (5JS.SG) +0.8% at $2.44, may end higher for second straight day, on stronger 1Q10 results, management’s upbeat outlook, says Dow Jones.
Top Global – Corporate moves
April 30th, 2010 |
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Yeo Chin Tuan Daniel has been appointed independent director wef April 26
Work experience: Consultant, Quantedge Capital Pte Ltd; CEO, MF Global Singapore Pte Ltd; director, Man Financial (S) Pte Ltd
French FM: Belgrade, Priština should talk
April 30th, 2010 |
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French Foreign Minister Bernard Kouchner says “Serbia’s EUintegration is not conditioned by recognizing Kosovoâ€. He called on the two sides to have a dialog, underscoring that he had never advised Belgrade not to appeal to the International Court in The Hague.
Croatia-Serbia border committee meets
April 30th, 2010 |
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The interstate diplomatic committee for the identification and marking of the border between Croatia and Serbia has continued negotiations in Zagreb. The committee met on Thursday after a seven year break.
Sino Construction – Corporate moves
April 30th, 2010 |
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Zon Cun Yu has been appointed CEO wef April 23
Work experience: ED/deputy GM (operations) Sino Construction Ltd; assistant engineer, Qing Liang Construction and Installation Co, Ltd
Neptune Orient Lines – Corporate moves
April 30th, 2010 |
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Eugene David Seroka has been appointed President Americas wef May 1
Work experience: VP, Middle East Region, APL; VP, Asia Middle East Region, APL Logistics; MD, Indonesia, APL
“IMF satisfied with pension reformsâ€
April 30th, 2010 |
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Unless the economy recovers, wages and pensions will remain frozen until 2011, Deputy Prime Minister Jovan Krkobabić told B92. Increase in salaries in the public sector and pensions before 2011 would be considered only if the economy improved, along with higher employment GDP figures, he explained.
Deal on Greece aid appears imminent
April 30th, 2010 |
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Tensions caused by the Greek debt crisis appear to be easing following assurances by EU officials that an agreement on aid will be reached in a matter of days. Global markets have been in turmoil as the debt crisis threatened to spread to other countries. But consensus that the relief package will be larger than originally expected is helping to shore up confidence in the euro, which has fallen precipitously in recent days.
Belgium votes to ban burqa
April 30th, 2010 |
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In a near-unanimous vote on Thursday, Belgium’s lower house of parliament voted to ban the burqa. The move could make the country the first in Europe to outlaw the practice.
Draft condemning crimes against Serbs
April 30th, 2010 |
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The Serbian parliament has drafted a declaration condemning crimes committed against Serbs committed in the former Yugoslavia. The draft “strongly condemns the crimes against Serbian nationals and all Serbs during the armed conflicts in Croatia, Bosnia-Herzegovina, Kosovo and Metohija, and the 1999 NATO bombing campaignâ€.
Incidents in northern Kosovo
April 30th, 2010 |
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A mobile telephony transmitter was targeted in a neighborhood of the town of Zubin Potok in northern Kosovo by unknown perpetrators this morning.
This came after two incidents occurred in the north of the province late on Wednesday.
MIIF +2%; discount to NAV too steep: BGC Securities
April 30th, 2010 |
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Macquarie International Infrastructure Fund (M41.SG) is up 2% at 51 cents as interest starts to stir after stock hit two-month low of 49.5 cents last week.
MTQ posts 10% growth in full-year net earnings to $12m
April 30th, 2010 |
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MTQ Corporation, engineering specialist in the fabrication, repair and maintenance of oilfield equipment, has reported a net profit attributable to shareholders of $12 million for the financial year ended 31 March 2010 (FY2010).
A new Mango Breed named after Master Blaster Sachin
April 30th, 2010 |
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The champion of Indian cricket team, the role model of million of people around the world has now got a fame to be known to share his name with a mango breed. The rarest mango breed has been named after the rarest cricketers of all.
Mango expert, Kalimullah Khan said, “There is no player like Sachin [...]
Venture Corp raised to ‘buy’ by Kim Eng, lifts target
April 30th, 2010 |
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Kim Eng Securities upgrades Venture Corp. (V03.SG) to “buy” from “hold”, raising target price to $11.30 from $8.83, based on 17x P/E vs 12.5x previously, according to Dow Jones.
‘Housefull’ releases today with a Grand Opening
April 30th, 2010 |
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Finally Sajid Khan’s much awaited Housefull releases today with a grand opening. The movie is good but not the best which could not prove itself as biggest entertainer as it claimed to be.
Housefull is all about Aarush (Akshay Kumar) who has been portrayed as an unlucky man and a loser in life who [...]