Analysts say industrial production may have peaked, and expect growth to return to more sustainable levels between 8.0% and 10% in 2011. Factory output is tipped to contract 3.2% on-month in December on a seasonally-adjusted basis after a surprise 1.1% expansion in November, according to the poll.
1883: Roselle, New Jersey, earns its place in tech history when the first electric lighting system employing overhead wires goes into service.
The system was built by Thomas Edison as part of an experiment to prove that an entire community could be lit by electricity from a shared, central generating station.
A steam-driven generator sent the juice [...]
Singapore shares may open higher on Wednesday, helped by stronger commodity prices, improving sentiment in the debt-laden euro-zone and robust earnings from US technology companies. Singapore’s benchmark Straits Times Index <.FTSTI> rose 0.34% on Tuesday to 3,249.58 points.
Here are some stocks and factors to watch:
Singapore hotel operator Overseas Union Enterprise (OVES.SI) may be in focus after IFR reported that Credit Suisse International is selling up to a US$116 million ($149 million) stake in the property firm.
Amtek Engineering (M1P.SG) off 1.9% at $1.01, extending 20.8% loss yesterday on debut, as investors still wary of contract manufacturer’s IPO valuations.
But downside likely limited with Morgan Stanley Asia helping to stabilise share price. Underwriter bought 8.3 million shares at $0.99-$1.05 each yesterday, expected to continue purchase during Amtek’s first month of listing if price weakens further.
1981: Citing their socially destructive effects, Philippine President Ferdinand Marcos bans videogames in his country. Filipinos are given two weeks to hand over or destroy their game consoles.
Marcos was no stranger to imposing draconian solutions. The Philippines lived under martial law throughout the 1970s, Marcos’ way of dealing with the increasingly radical elements — mainly [...]
Singapore shares are likely to rise on Friday, after concerns about Ireland’s debt problems eased and triggered a rally in Wall Street shares overnight.
Singapore’s benchmark Straits Times Index <.FTSTI> rose 0.10% on Thursday to 3,215.22 points. Here are some stocks and factors to watch, say Thomson Reuters and Bloomberg:
Thai Beverage Pcl, Thailand’s largest brewer and distiller, said third-quarter profit rose 19% from the same period last year on higher sales. Net income rose to 2.23 billion baht ($97 million), or 0.09 baht a share, from 1.88 billion baht, or 0.07 baht, a year earlier, Thai Beverage said in a Singapore stock exchange filing today after the market closed.
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BBR Holdings, the specialist engineering group, says profit after tax grew 19% y-o-y to $3.5 million for the three months to 30 September 2010 (3Q10) from $3 million in 3Q09.
BBR has three core business activities, namely General Construction, Specialised Engineering and Property Development.
Net income rose to US$157.2 million ($201.9 million), or 2.53 cents a share, in the three months ended Sept. 30, from US$132.1 million, or 2.47 cents, a year earlier, the Hong Kong-based company said in a statement to the Singapore stock exchange.
Shares on the measure trade at an average 16 times estimated earnings, compared with about 17.4 times at the beginning of the year, according to data compiled by Bloomberg. The following shares were among the most active in the market.
Android exited the third quarter with 19 percent smartphone market share, with BlackBerry OS and Apple iOS grabbing 30 percent and 28 percent, respectively, Nielsen said. – Google’s Android operating system topped out at 19 percent market share for
the third quarter, while Apple iOS and BlackBerry are virtually tied for second
place, according to fresh stats from Nielsen.
Nielsen said Apple’s iPhone OS reached 28 percent share.
RIM BlackBerry OS, which just months…
The following companies may have unusual price changes in Singapore trading. Share prices are from the previous close. Singapore’s Straits Times Index slipped 0.7% to 3,181.27. Singapore’s benchmark Straits Times Index <.FTSTI> fell 0.72% on Monday to 3,181.27 points. Here are some stocks to watch out for, according to Thomson Reuters and Bloomberg.
Palm-oil producers: Nomura Holdings Inc. raised its view on crude-palm-oil stocks to “bullish” after increasing its price forecasts for the commodity by as much as 20%, the brokerage said in a note to clients.
Police say the cyber-crime ring swiped the money during a three-month period using the notorious Zeus Trojan. – Scotland Yard has arrested 19 people in connection with a
cyber-crime ring accused of stealing millions from bank accounts in
Europe.
Officers from the MPS (Metropolitan Police Services) Police Central
e-Crime Unit arrested 15 men and four women in predawn raids Sept. 28
in London. They group i…
Tiger Airways (J7X.SG) off 1.9% at $2.11 in thin trade, with investors content to trim positions amid quiet market after +2.4% so far this week, +12.6% since beginning September, says Dow Jones.
While budget carrier widely touted to benefit from growing demand in Asia for low-cost travel, some analysts say shares have run ahead of expectations, especially given airline’s rising operating costs, pilot shortage.
Singapore Exchange (S68.SG) said Tuesday its new board, GlobalQuote, will begin operations on Oct 22 with the American depositary receipts of 19 major Asian companies, in the latest attempt by the bourse to boost trading volumes and liquidity.
The Singapore Exchange is aggressively pursuing opportunities to become an Asian Gateway for international issures and investors as bourses around the region compete to list blue chips on their respective exchanges.
Weekend Comment Dec 19: Buying opportunity in China
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