The Hour Glass Limited, the purveyor of luxury watches, says net profit after tax improved by 21% to $11.1 million on higher gross margins attained for the third quarter ended 31 December 2010 (3Q FY2011). Group revenue was $144.2 million, a slight increase from $142.3 million from the last corresponding quarter.
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2008: Marie Smith Jones, a chief of the Eyak Indian tribe in Alaska, dies. With her dies the Eyak language.
Chief Marie, 89, was the last person to speak this tribal tongue, which she learned from her parents as a little girl. She was also the last full-blooded Eyak. Following her elder sister’s death in the [...]
The following companies may have unusual price changes in Singapore trading. Stock symbols are in parentheses, and share prices are from the previous close.
Singapore’s Straits Times Index dropped 1.1% to 3,205.48.
Ascott Residence Trust (ART SP): The serviced apartment operator partly owned by CapitaLand (CAPL SP) said fourth- quarter distributable income doubled to $23.9 million from $11.5 million a year ago. The stock lost 0.8% to $1.22.
Singapore shares may open lower on Friday as disappointing US earnings and fears of further monetary tightening in China turned sentiment sour. Singapore’s benchmark Straits Times Index <.FTSTI> was down 1.13% on Thursday to 3,205.48 points.
Here are some stocks and factors to watch:
In movies, TV shows and books aimed at kids, the creators will often times throw in something a little scary in order to keep the kids on their feet. However, sometimes they really underestimate just how creepy and terrifying these creations are, and end up crafting a scene that permanently scars the fragile young psyches. [...]
1842: Peter Alekseevich Kropotkin, Russian geographer, biologist and anarchist revolutionary, is born.
Kropotkin was the son of Russian nobles but came of age during a period of intellectual upheaval in the country, which had a profound effect on his social and political development. The miserable state of the peasant class especially bothered him, and the failure [...]
Before They Were Famous: Brad Pitt/Johnny Depp’s TV Moment! Stepping out on the red carpet for the premiere of The Tourist, Brad Pitt and Johnny Depp didn’t exactly seem like the best of friends, but the Hollywood hunks have got a bit more in common than just starring alongside the dazzling Angelina Jolie onscreen. Brad [...]
Singapore shares may open higher on Tuesday after the S&P 500 hit a two-year high overnight, continuing a steady upward march that investors believe will continue in 2011.
The following companies may have unusual price changes in Singapore trading today. Stock symbols are in parentheses, and share prices are from the previous close. Singapore’s Straits Times Index dropped 0.6% to 3,132.96.
Now here’s a dream casting we’d pay 10 bucks to see, Johnny Depp says he’s willing to make a cameo in the new 21 Jump Street movie! Jonah Hill and Channing Tatum will headline Columbia Pictures’ big screen reboot of the popular ‘80s TV series, which followed a team of babyfaced rookie cops who work [...]
Singapore-listed Reyoung Pharmaceutical <REPL.SI> jumped as much as 21% on Wednesday following its plan to delist from the stock exchange. China-based Reyoung’s shares were traded at 52 cents a share, slightly below its exit price of 53 cents.
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Samsung’s Galaxy Tab, its 7-inch iPad competitor, will roll out on AT&T Nov. 21. Samsung executives have predicted Tab sales of 1 million units in 2010. – AT amp;T will launch the Samsung Galaxy Tab on its network Nov. 21. The
tablet PC will retail for $649.99 at AT amp;T stores and online on Samsung’s
Website. While some other U.S.
carriers are selling the Galaxy Tab with a two-year contract, AT amp;T is
offering two month-by-month plans.
Under …
ComfortDelGro (C52.SG) +2.1% at $1.49 in above-average volume after record 3Q results.
CLSA notes 3Q marks first time CD crosses $60 million quarterly net profit mark, underscoring benefits from increasing ridership at home, strong growth in Australia, which will receive further boost from Swan Taxis buy.
“Risks from rising fuel/electricity costs and forex translation losses appear to be priced into stock, which remains attractively valued at 13x forward P/E,” vs SMRT’s (S53.SG) 20x, says CLSA.
Yongnam Holdings, the structural steel contractor and specialist civil engineering solutions provider, today reported a 20.6% jump in the group’s net profit to $13.7 million for the three months ended September 30, 2010 (3QFY2010), despite a marginal dip in revenue from $82.6 million in 3QFY2009 to $80.8 million in 3QFY2010.
This was due to higher contribution to the revenue mix from Specialist Civil Engineering which enjoyed better margins, coupled with improved margins achieved for Structural Steelworks projects. The Group achieved a gross profit of S$22.3 million in 3QFY2010, 13.5% higher than the gross profit of S$19.7 million in 3QFY2009.
OCBC (O39.SG) +2.1% at $9.20 rising vs $9.17 midday after 3Q results beat expectations, with net profit of $570 million, says Dow Jones.
UOB-KayHian, which has Buy rating, $11.52 target, says 3Q “an excellent set of results with growth in both interest and non-interest income and improvement in asset quality.”
The city-state’s seasonally adjusted overall unemployment rate fell to 2.1% in the third quarter compared with a downwardly revised 2.2% in the second quarter, according to the Ministry of Manpower’s preliminary estimates released Friday.
Singapore employers expanded payrolls for a fifth consecutive quarter, pushing the jobless rate to the lowest in 2 1/2 years.
The city-state added an estimated 24,100 jobs in the three months ended September, after the creation of 24,900 positions in the second quarter of 2010, the Ministry of Manpower said in a statement today. The seasonally adjusted unemployment rate fell to 2.1% from 2.2% the previous quarter, beating the median estimate of 2.2% in a Bloomberg News survey of 12 economists.
Weekend Comment Jan 21: What’s in store for SGX?
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