Time Warner Cable will diversify into data center service provisioning that will include various cloud services — including online storage. – Time Warner Cable said Feb. 1 that it plans to go into the data center
operations business by buying NaviSite for $230 million.
The deal is designed to enable Time Warner Cable, the second-largest cable
television operator (behind Comcast) in the United States, to diversify into
data center s…
Citi notes outlook for shipbuilding industry has improved significantly after period of large losses: “Our EPS forecasts are above consensus numbers as we believe Cosco is one of few yards that can deliver strong year-on-year growth even in an industry downturn.”
Research house says consensus view underestimates Cosco’s ability to deliver on margins: “A key development the Street has likely overlooked is the strong progress made through simple fabrication to complex integration work for both rigs and FPSO (floating, production, storage, offloading) vessels. Cosco has also penetrated into windmill vessels, tapping into growing global demand for alternative energy.”
Shares +5.2% at $1.82.
Bank of America-Merrill Lynch lifts CDL Hospitality Trusts (J85.SG) target price to $2.30 from $2.20 after rolling over valuation, increasing FY10-FY12 DPU estimates by average 5.0%.
Bank of America-Merrill Lynch expects occupancy rates for CDLH’s Singapore hotels to remain high till at least next year, given rising tourist-arrivals, lower-than-expected supply of hotel rooms.
Volume at around 800 million shares worth $660.9 million vs yesterday’s 1.93 billion shares worth $1.48 billion, with decliners outnumbering gainers by slight margin. STI off 0.4% at 3,023.48 but expected to end above 3,000.
Starhub (CC3.SG) off 2.5% at 5-session low of $2.32, bucking gains by most other STI components, as stock trades without dividend entitlement, says Dow Jones.
Telco to pay $0.05/share dividend Sept 3, has pledged to maintain payout every quarter, translating to attractive annual 8.4% yield based on yesterday’s close.
While dividend yield highest among Singapore telcos, concerns remain over Starhub’s ability to maintain payout given risk to its free cash flows as competitive pressure not letting up. Some analysts however, say concerns over rising competition may be overblown.
Nomura has lifted Neptune Orient Lines (N03.SG) target price to $2.30 from $2.20 after raising FY10-12 earnings forecasts to reflect cost savings, but downgrades to Neutral from Buy on limited upside from current levels, according to Dow Jones.
Nomura says current price already factors in container shipping group’s return to profitability; “we believe container freight rates may have peaked and could potentially decline by end of the year. This is important as the share price is typically driven by directional movement in freight rates.”
Citigroup has started CapitaMalls Asia (JS8.SG) at Hold with $2.30 target price, based on 15% premium to RNAV estimate, reports Dow Jones.
DMG has raised MobileOne (B2F.SG) target price to $2.55 from $2.30, based on discounted cashflow valuation, after increasing FY10-11 earnings estimates by 3%-4% to reflect improved revenue outlook.
Starhub (CC3.SG) is trading at $2.30, the year’s highest close, says Dow Jones.
Shares of CapitaMalls Asia (CMAL.SI) opened 8.5% higher today, boosted by strong demand from investors keen on gaining exposure to China’s fast-growing consumer market.
At 9:01 a.m., CapitaMalls was traded at $2.28 compared with its initial public offering price of $2.12 a share. It opened at $2.30.
The IPO of CapitaLand’s (CATL.SI) malls unit was 1.7 times oversubscribed, the company said late yesterday.
Congressman Alan Grayson gave an interview to Wall Street Cheat Sheet’s Damien Hoffman, which includes the following bombshells:H.R. 1207 is one of the simplest bills imaginable. Unlike the healthcare bill which is over 1000 pages, H.R. 1207 is a page …
