Ascendas REIT (A-REIT), the business space and industrial real estate investment trust, says net property and related finance lease interest income increased 3.3% year-on-year to $84.1 million for 3Q FY2010/11.
Distribution Per Unit (DPU) grew by 0.6% year-on-year to 3.29 cents
Italian Prime Minister Silvio Berlusconi has bought 37 gold rings – one for each of his female MPs. The 74-year-old ordered the specially made 1,193-pound rings and they were given to female politicians as part of his annual Christmas gift, reports the Telegraph. The rings were designed by jeweller Recarlo, who are based at Valenza [...]
Builder and developer Chip Eng Seng says after-tax profits for 3Q2010 increased by 37.0% to $23.7 million from $17.3 million in 3Q2009. Total revenue increased by 9.8% to $115.2 million from $104.9 million.
Construction
Revenue contribution came mainly from on-going projects such as Grange Infinite, Queenstown RC25, Sengkang N4C3 and Punggol West C25. However, revenue decreased by 10.9% to $71.7 million for 3Q2010 due to the completion of two major projects, The Parc Condominium and CityVista Residences in 3Q2010.
This compared with a net profit of $85.2 million in the three months ended Sept 30, 2009, the firm said in a statement. StarHub had a operating revenue of S$552.3 million, up 2.8% from $537.1 million a year ago, helped by higher mobile and fixed network sales.
A church service in Baghdad has ended in bloodshed after Iraqi forces stormed the building and militants set off their suicide vests.
Iraq’s Interior Department said at least 37 people were killed during Sunday’s church standoff, including at least seven hostages. More than 50 others were wounded.
CIMB, which has Buy call, $0.51 target under review, increases orders assumption to $700 million from $600 million for FY11-FY12; expects one sizeable contract (around $300 million) on annual basis.
Singapore Exchange (S68.SG) above $10.00 for first time since February 2008, +3.7% at $10.06, possibly in anticipation of increased trading activity in Singapore market in days ahead, says Dow Jones.
Federal and state law enforcement agencies have charged more than 60 people as part of an international crime syndicate that used the Zeus Trojan to swipe millions of dollars from bank accounts. – Federal prosecutors in New York City
charged 37 people on Sept. 30 in connection with a cyber-crime ring that looted
millions of dollars from victims’ bank accounts.
The defendants, mostly in their 20s, are accused of using the Zeus Trojan to
steal more than $3 million.
The victims were primari…
Qingmei Group Holdings, the original design manufacturer (ODM) of mid-end and high-end sports shoe soles in China, says net profit jumped 37.0% to RMB250.0 million ($50 million), while revenue surged 41.6% to hit RMB1.2 billion for the full year ended June 30, 2010 (FY2010).
Qingmei says group revenue increase in FY2010 was due mainly to strong sales volume growth as well as stable average selling price of its shoe sole products.
Wilmar (F34.SG) +3.7% at $6.45 on above-average volume, best performer among Singapore blue chips, with buyers returning after losing streak over last 3 days, according to Dow Jones.
Market participants contacted are divided over reason for current interest, with some attributing rise to merely buying ahead of 2Q10 results due Aug 13, while others hopeful agribusiness group will benefit from recent rally in wheat prices following Russia’s ban on wheat exports.
Roxy-Pacific Holdings, the specialty property and hospitality group, says it registered a 37% rise in profit after tax to $12.9 million in the 2nd half ended June 30 (2QFY2010) from $9.4 million in 2QFY2009. Revenue grew 27% to $55.4 million in 2QFY2010 from $43.7 million in 2QFY2009.
Roxy-Pacific says the improvement in turnover came on the back of a 25% increase in revenue from its Property Development segment as well as a 145% surge in revenue from its Property Investment segment.
The group’s Hotel Ownership segment reported a 27% increase in revenue in 2QFY2010 due to an increase in both the average occupancy rate (AOR) and average room rate (ARR).
Multi-Fineline Electronix or M-Flex, the global provider of flexible printed circuit and value-added component assembly solutions to the electronics industry, today says it expects to report net sales of $181 million in the third quarter ended June 30, 2010, an increase of 3.7% from net sales of $174.5 million in the same period last year.
Gross margin during the third quarter of fiscal 2010 is expected to be 12.3%, compared to 14.3% for the same period in the prior year.
Parkway Life REIT (C2PU.SG) tad higher after lunchbreak, +3% at $1.38 vs +1.5% at $1.36 midday, as healthcare property trust unveils second yield-accretive acquisition in Japan in two months.
Ezra Holdings, the integrated support and marine services provider in the offshore oil & gas (O&G) sector, posted a 37% higher year-on-year (yoy) net attributable profit (PATMI) of US$25.7 million ($35.5 million) for the three months ended 31 May 2010 (3QFY10), supported by its diversified earnings base.
Group revenue rose by 82% y-o-y to US$108.8m, largely from the Marine Services Division which benefitted from an increase in procurement and equipment supply and engineering activities in Vietnam. This fabrication and engineering services base recently clinched two contracts worth up to US$130 million, one of which is to build an offshore accommodation structure for use in the fast expanding African offshore O&G market.
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Neptune Orient Lines (N03.SG) off 3.7% at 2-month low of $1.83 on concerns euro-zone problems may take toll on global trade. Based on morning low of $1.80, stock trades at more reasonable valuation of 1.24x P/B vs 1.6x last month, according to Dow Jones.
Synear Food Holdings, one of China’s leading quick freeze food producers, says it posted a a net profit growth of 3.7% to RMB50 million ($10.1 million) for the three months ended March 31, 2010 (1Q2010).
MONDAY, MAY 3
Singapore
Advanced Holdings LtdÂ
Dividend: $0.02 one-tier tax; record date: May 5; payable date: May 18
Asia Enterprises Holding LtdÂ
Dividend: $0.012 one-tier tax; record date: May 5; payable date: May 21
China Hu An Cable (KI3.SG) is up 3.7% at two-month high of 42 cents as interest driven by several non-rated bullish analyst reports, says Dow Jones.
But despite gains, stock still unchanged from its IPO price, with volume remaining thin since listing in February. The China-based maker of electric power cables has largely been ignored in past months given investors preference for more established names over new listings, although stock’s 15.7% gain since final week of March indicates interest picking up.
NOL said in a statement it carried the equivalent of 189,100 40-foot containers (FEUs) on its ships in the period, up from 137,800 a year earlier.
