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Posts Tagged ‘33’

LibreOffice 3.3 Suite Advances While Staying True to OpenOffice Roots

In September 2010, a third of OpenOffice.org developers (about 20) objected to the open-source office suite falling under the custodianship of Oracle after the company completed its buyout of Sun Microsystems. They feared that Oracle wouldn’t provide whole-hearted support to an open-source application project that didn’t significantly contribute to its bottom line. They created the Document Foundation and forked the office suite code to create another open-source suite they dubbed LibreOffice. A little more than four months later, the developers unveiled on Jan. 25 a stable release of their first product, LibreOffice 3.3 (the numbering sequence conforms to the OpenOffice product chronology). The developers spent the time adding new features as well as extensively cleaning up portions of the the legacy code, said Italo Vignoli, one of the founding members of the Document Foundation. Previous OpenOffice fans will appreciate that LibreOffice 3.3 looks very similar to OpenOffice 3.3 and that many of the new features are also new in OpenOffice. But there are also a number of key differences that set the two open-source suites apart. The installer file is available on libreoffice.org, as well as a "help pack" executable, which contains the English language help files. Not installing the help pack means users end up in the documents section on the LibreOffice Website. If Java is not installed on the system, the application returns an error, but the installer doesn’t perform that check. So check that Java is installed before running the installer. Here are a few new features and cleanups that eWEEK found noteworthy. – …


Document Foundation Launches Breakaway Open Source LibreOffice 3.3 Suite

The Document Foundation launched its first stable version of the open source LibreOffice suite, after its breakaway from OpenOffice.org and Oracles control. – The Document Foundation launched LibreOffice 3.3 on Jan. 25,
just a mere five days after announcing a release candidate. This is the first
stable release of the open-source office suite since its breakaway from
Oracles OpenOffice.org project in September.
Concerned about Oracles plans for OpenOf…


Singapore Exchange profit rises 3.3% on stock trading: Update

Singapore Exchange, the operator of the city’s securities market, said fiscal second- quarter profit rose 3.3% on increased stock trading.

Net income climbed to $74.2 million in the three months ended December from $71.8 million a year earlier, the company said in a statement today. Excluding $7.5 million of costs for the pending takeover of ASX, Australia’s main bourse, profit increased to $81.7 million. Analysts had expected US$85 million ($109.5 million), based on the median of five estimates compiled by Bloomberg News.

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Olam +3.3%; Nigeria execution risks low – UOB

Olam (O32.SG) +3.3% at 8-session high of $3.17 on commodity trader’s venture into sugar refining in Nigeria, where margins expected to be substantially higher than what company currently enjoys. 

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Advanced Holdings posts 3.3% rise in 3Q net to $1.4m

Advanced Holdings, the supplier of proprietary process equipment and technologies, clean energy solutions and environmental technologies, today reported revenue of $18.8 million for the third quarter ended 30 September 2010 (3Q2010), representing a 3.3% increase as compared to the same period last year (3Q2009), and earnings of $1.4 million for the latest quarter.

Despite higher cost outlays, the group recorded a marginally higher gross profit margin of 31.2% in 3Q2010.

Managing Director Dr Wong Kar King says, “We are heartened by the improvement in our latest order book. We recently clinched four new contracts amounting to some $11 million in China and the Middle East, signifying renewed momentum in terms of demand. In addition, our opportune acquisition of both ATAC1 and AEPL2 earlier this year will enable the Group to capture a bigger slice of the market in the Oil and Gas as well as Petrochemicals and Chemicals business segments. Going forward, we will focus on further integrating our Group and improving our performance.”

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Armstrong Industrial off 3.3%; $0.435 as support

Armstrong Industrial (A14.SG) off 3.3% at $0.44 following 35.2% sequential fall in 3Q10 earnings to $4.6 million on FX losses, lower margins. Volume modest, with any further downside expected minimal given management’s guidance for stronger 4Q10 performance vs 3Q10. 

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OCBC +3.3%; Most promising among peers: Kim Eng

OCBC (O39.SG) best performer among Singapore banks, +3% at $9.69, as investors judge lender most promising after all 3 reported 3Q10 results last week.

“In our opinion, OCBC is the pick of the bunch, as the results bore out its ability to maintain its interest margins while growing the loans book,” says Kim Eng Securities; expects loans growth to gain more traction in next 12 months on increased synergy among commercial banking, private banking, insurance businesses.

Current gains coincide with OCBC’s sale of subordinated notes due 2022, callable in 2017. Bank could raise US$500 million ($643 million) through such notes, people familiar with transaction tell Dow Jones.

Notes currently assigned “expected ‘A+’” rating by Fitch, with proceeds to be used for general corporate purposes, expanding regulatory capital base.

Orderbook quotes suggest price may test $9.80. DBS (D05.SG) off 0.6% at $14.14, UOB (U11.SG) +0.3% at $18.44.
 

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China Minzhong +3.3%; Chance to buy on dip – BNP Paribas

China Minzhong Food (K2N.SG) +3.3% at $1.27, may end in positive region for first time in 4 sessions, says Dow Jones.

Stock has been on almost sustained pullback in recent weeks, culminating in Thursday’s 5.4% fall to almost 3-month low of $1.23. Weakness blamed on end of 6-month moratorium in October preventing major IPO investors from selling their shares (company listed in April).

"Given the fact that there is no fundamental change to Minzhong’s operations, we see the current technical price weakness as an excellent buying opportunity," says BNP Paribas, which has Buy call with $1.68 target.

Near-term performance may hinge on vegetable processor’s fiscal 1Q11 results, guidance due Nov 12. Immediate resistance at 5-day moving average, last at $1.29.

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Hongkong Land +3.3%; Sector outlook bullish: Macquarie

Hongkong Land (H78.SG) +3.3% at US$6.54, extending last week’s 5.3% gain, as expectations of property group continuing to benefit from Hong Kong’s office market rebound still running high, says Dow Jones.

“Hongkong Land provides the greatest leverage to the core Hong Kong Central office market, which industry contacts suggest has the most attractive fundamentals with little vacancy, limited new supply and strong demand,” says Macquarie; “we are confident the tight supply in Hong Kong central office and recovering demand will drive rents higher.”

Orderbook quotes suggest stock may head up to US$6.80.

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Singapore’s August CPI rose 3.3% on-year

Singapore’s August CPI rose at faster pace driven by increases in transport and housing costs. CPI +3.3% on-year, in-line with Dow Jones Newswires poll and vs +3.1% in July.

CPI +0.3% on-month seasonally-adjusted, also in-line with poll and vs +0.5% in July. Increases largely due to higher car ownership levies but also some pressures in housing market.

Suggests inflation still fairly well behaved in Singapore especially in relation to imported price pressures such as food, clothing, and supports views MAS unlikely to take any action at October policy meeting.

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Sim Lian Group surges 33% on earnings, bonus issue

Sim Lian Group surged by most on record after the property developer reported full-year profit more than doubled and proposed a bonus issue.

The company said full-year profit increased to $104.4 million from $38.7 million a year earlier. Sim Lian will give shareholders one bonus share for every two shares held in addition to a cash dividend of 3.7 cents a share, it said. Sim Lian climbed 33% to 69 cents as of 9:23 a.m. local time, the biggest advance on record.

 
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Golden Agri off 3.3%; Cost pressure may persist

Golden Agri-Resources (E5H.SG) remains weak despite plantation group reporting on-year improvement in 2Q10 earnings during midday break, according to Dow Jones. Shares off 3.3% at $0.58 in active trade.

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Venture Corp posts 33% fall in 2Q net profit to $45.8m

Venture Corporation says net profit for the quarter ended 30 June 2010 (2QFY2010) was $45.8 million, compared to $60.9 million in 2QFY2009 which included a positive fair value adjustment of $25 million on its derivative financial instrument.

Revenue for 2QFY2010 was $652.9 million compared to $846 million in 2QFY2009.

Quarter-on-quarter, the Test & Measurement/Medical/Others segment recorded a revenue improvement of 18.4% in 2Q.

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Singapore Exchange says ETF trading grew 33% in Fiscal 2010

Singapore Exchange, operator of the city state’s derivatives and securities exchange, said activity in exchange traded funds grew 33% in the year ended June 30. Turnover of exchange traded funds rose to $5.11 billion, according to an e-mailed statement today.
 
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Tiger Airways May passenger numbers rise 33%

Tiger Airways Holdings said passenger numbers rose 33 percent in May from a year earlier.

The airline carried 486,000 passengers last month compared with 365,000 a year earlier, according to a statement sent to the Singapore Stock Exchange today. Tiger Air filled 82% of available seats last month, the same as a year earlier.

 
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Raffles Education off 3.3%; Big setback, says OCBC

Raffles Education Corp. (E6D.SG) is off 3.3% at $0.295, its lowest level since March last year, says Dow Jones.

Sentiment, already hurt by slowing earnings growth, further dampened by private equity group AIF Capital’s pullout from non-binding agreement to take 10% stake in company’s Oriental University City due to recent global economic, market conditions.

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Noble off 3.3%; Europe fears overdone, says OCBC

Noble Group (N21.SG) off 3.3% at 3-session low of S$1.76 as renewed fears of Europe’s debt problems revive concerns over supply chain manager’s exposure to continent, says Dow Jones.

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FSL Trust off 3.3%; potential vessel revenue loss

First Ship Lease Trust (D8DU.SG) is off 3.3% at 44.5 cents on risk to near-term revenue as one of vessel owner’s ships, Verona I, seized in Japan by Singapore-based Daxin Petroleum for not paying for bunker supplied by Daxin, according to Dow Jones.

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Tat Hong posts 33% decline in 4Q net profit to $9.8m

Tat Hong Holdings, one of the world’s top 10 crawler crane companies, says net profit for the full-year ended March 31, 2010 (FY2010) declined 44% to $38.6 million in FY2010 from $68.9 million in the previous financial year (FY2009), on the back of a 22% decrease in revenue to $495.4 million in FY2010 from $631.8 million in FY2009.

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Kian Ann Engineering posts 3.3% growth in net profit to $9.8m for 9MFY10

Kian Ann Engineering, the distributor of heavy machinery parts in Asia, says net profit attributable to shareholders declined 3.3% y-o-y to $9.8 million for the nine months ended 31 March 2010 (9MFY2010) from $10.2 million in 9MFY2009.

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