On the back of its launch in Asia and Europe on Friday last, Apple has posted a huge sale of its iPad. According to the company, it has so far sold two-million iPad and now the company plans to start selling the device in other countries to give boost to the sales.
Soon, the [...]
Archive for June, 2010
2 million Apple iPad sold in record 60 days
June 1st, 2010 |
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Parkway off 0.5%; take some profits, says Nomura
June 1st, 2010 |
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Interest in Parkway Holdings (P27.SG) substantially lower after yesterday’s 22.8% rally on Khazanah Nasional’s $3.78/share partial takeover offer, according to Dow Jones.
Stock is off 0.5% at $3.69 on thin volume as investors await next development, with major shareholder Fortis Healthcare (532843.BY) not willing to sell its stake.
June 1, 1495: King James Will Have a Scotch, Good Sir
June 1st, 2010 |
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1495: The Scottish government records it has commissioned Friar Jon Cor to make Scotch whisky — the first mention in print of an elixir which has since brought down many a government, made friends of enemies and enemies of friends, lubricated good, great and bad writing, and … well, suffice it to say a touch [...]
Using data management for surveys Posted By : Arthor Greenwald
June 1st, 2010 |
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These days, the collection and collation of information is used for many reasons. From local authorities issuing questionnaires about residents’ opinions of their local services to cosmetic companies requesting peoples opinion on a certain product or beauty routines, surveys can be issued on a regular basis.
How conventional custom Software Development is better that the new age SaaS model? Posted By : priscillablythe
June 1st, 2010 |
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Custom Software Development refers to the business process model for delivering a comprehensive solution for the organization. Unlike software application development, many software development companies offer Software as a Service (SaaS) to companies for satisfying their business processing needs by utilizing a hosted software service. SaaS may be newer but custom software development is always better.
M’sia, S’pore regulators ordering telcos to cut roaming rates between countries, says CIMB
June 1st, 2010 |
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The regulators of Malaysia and Singapore are ordering cellcos to reduce the roaming rates between the two countries by 20% for retail and 30% for wholesale rates by Aug 2010, according to CIMB’s industry contacts.
The research house says this is not entirely surprising as the issue was first brought up two years ago but subsequently died down.
Tiger Airways flat at $1.75; to Outperform peers, says Citi
June 1st, 2010 |
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Tiger Airways (J7X.SG) has rebounded after early fall, now trading at $1.76 vs early low of $1.74 (off 0.6%), but still consolidating with slight downside bias ever since coming off all-time high of $1.96 in April.
7 Household Items You Didn’t Know Could Get You High
June 1st, 2010 |
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Far be it from Popcrunch to condone the consumption of household objects for the sole purpose of getting a quick and probably painful kick to the brain cells. Not our style, man. We wouldn’t touch this stuff if the last beer keg on earth had run dry – at one time aspirins were outlawed under [...]
Mapletree Logistics flat at $0.82; time to buy, says Citi
June 1st, 2010 |
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Mapletree Logistics Trust (M44U.SG) is flat at $0.82 in thin trade, with REIT’s $83.5 million yield-accretive acquisition of three properties failing to generate interest amid sluggish broad market, according to Dow Jones.
Daryl Guppy: Shanghai developing RSI divergence turnaround
June 1st, 2010 |
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THE CHINESE GOVERNMENT’S strategy of pulling the wood from beneath the cauldron appears to be working. The precipitous fall in the Shanghai Composite Index is evidence of a market coming off the boil. In Beijing, there is much discussion about whether this cooling has exceeded its intended targets. However, the Beijing traders and investors I have been talking with in the last few days are beginning to agree that the worst is over. The developing Relative Strength Index (RSI) divergence pattern supports their growing confidence.
Bob Doll: Markets need time to repair themselves
June 1st, 2010 |
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FINANCIAL MARKET VOLATILITY has increased over the past several weeks, amid growing investor concern over happenings in Europe, the prospect of increased financial market regulation in the US and, more generally, worry that the economic recovery has hit a rough patch. In Europe, the rescue package announced by the European Central Bank a couple of weeks ago should be enough to prevent the threat of an outright default by Greece, but investors remain concerned about the sharp fall in the value of the euro and are questioning whether the sovereign debt crisis will spill over into other markets.
STI falls 0.6% to 2,736.62 at opening
June 1st, 2010 |
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Singapore’s Straits Times Index fell 0.6% to 2,736.62 as of 9:40 a.m. local time. About eight stocks declined for each that rose on the 30-member gauge.
Shares on the measure trade at 13.5 times estimated earnings, compared with about 17.5 times at the beginning of the year, according to Bloomberg data. The following shares were among the most active in the market.
STI may face more weakness in coming weeks, says DMG
June 1st, 2010 |
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The STI may face more weakness in next few weeks as concerns on European sovereign debt default continue to raise risk premium for equity investment, and 2010 World Cup tournament curtails interest in stocks, says DMG.
The research house is tipping support at 2,530, based on 1 standard deviation from 12-year historical P/B of 1.6x. Notes Europe more important to Singapore as export market than US, with exports to EU accounting for 19% of total NODX (non-oil domestic exports) last year vs 14% for US.
“Given the short-term global concerns, we prefer to be defensive.” Suggests avoiding cyclical plays like SGX (S68.SG), SembMarine (S51.SG), DBS (D05.SG), buying M1 (B2F.SG), Sembcorp Industries (U96.SG), ComfortDelgro (C52.SG). STI closed +0.5% at 2,752.60 yesterday.
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In brief: China Milk, Lum Chang, Sunvic, Hwa Hong, Pan Hong
June 1st, 2010 |
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China Milk Products Group says it has today made an application to the Singapore Exchange for an extension of time to announce the Unaudited Full Year Financial Statements and Dividend Announcement for the Year Ending 31 March 2010
Lum Chang Holdings has disposed of its wholly owned subsidiary, LED System (Shanghai) Technology Pte Ltd to its joint venture partner, LED Singapore for a cash consideration of $3.95 million.
June 1: Parkway, UOB, Super, Mapletreelog, Datapulse
June 1st, 2010 |
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Singapore’s benchmark Straits Times Index rose 0.47% to 2,752.60 points on Monday. US financial markets were closed for holiday on Monday.
Parkway Holdings (PARM.SI) is expected to be in focus on Tuesday as a tussle for control of Singapore’s biggest healthcare group between Malaysian wealth fund Khazanah and India’s Fortis Healthcare (FOHE.BO) drags on. Parkway Holdings shares jumped 25% on Monday after Malaysian sovereign fund Khazanah offered US$835 million ($1.2 million) for control of Parkway, leaving Fortis Healthcare to make the next move in a potential takeover battle. Fortis, which bought into Parkway in March and owns about 25% of the firm, must now decide whether to sell its shares or make a counterbid for all of Parkway, which it had hoped to use as a springboard for global expansion.