STX OSV (MS7.SG) extends gains, +8.7% at $1.00 vs $0.955 at the end of the morning session, as a midday announcement by the company of a new shipbuilding contract piques interest.
The Norway-based firm will build a platform supply vessel for an unnamed international company, bringing the total number of ships under construction to 50.
Thinly-traded CentraLand (E3S.SG) down 8.7% at $0.42, giving up bulk of yesterday’s 9.5% gain, with market hardly paying heed to private equity group Warburg Pincus’ RMB650 million ($128 million) investment in 2 of China-based developer’s mall projects, says Dow Jones.
"There’s such low trading liquidity in the shares that it’s hard to get excited over this company," says trader at foreign house. Since listing in February 2008, stock still trading below its $0.50 IPO price, not helped by slew of China housing-market curbs in past months.
Net income rose to $393.8 million in the year ended March 31 from $210.3 million the previous year, helped by new developments and gains from the increased value of its holdings, the Singapore-based company said at a press briefing in the city-state today. Total assets under management climbed 9% to $12.9 billion in the year.
Net income rose to $393.8 million in the year ended March 31 from $210.3 million the previous year, helped by new developments and gains from the increased value of its holdings, the Singapore-based company said at a press briefing in the city-state today. Total assets under management climbed 9% to $12.9 billion in the year.
Tritech Group, the ground engineering specialist, says net profit decreased 8.7% to $6.4 million in the financial year ending Mar 31 (FY2010) from $7 million in FY2009. Group revenue increased by 2.4% to $42.3 million from $41.3 million.
Falcon Energy Group has announced a net profit after tax and non-controlling interest of US$8.1 million ($11.2 million) for the three months to 31 March 2010, up 87% over the US$4.3 million it achieved for the previous corresponding period.
Singapore shares stage technical rebound, enabling the STI to claw back more than half of yesterday’s losses at end of morning session, says Dow Jones.
Macquarie International Infrastructure Fund, the owner of toll roads and port facilities jointly owned by Macquarie Group Ltd. and Abu Dhabi Investment Co., said it agreed to sell its 8.7% stake in Arqiva, a UK telecommunications business, for $244.9 million. Macquarie Infrastructure rose 0.9% to close at 54 cents last night.
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CIMB has raised Cosco Corp. (F83.SG) target price to $0.87 from $0.67 on earnings upgrades following news yesterday of contract win from Sevan Marine worth more than US$500 million ($699 million), reported Dow Jones Newswires.
At least 87 people are now known to have died in China’s worst coal mine accident in two years, state media say. Another 21 miners are missing after the blast at Xinxing pit in Hegang City in Heilongjiang province.
The death toll from a coal mine blast in northeast China rose to 87 on Sunday, with 21 miners still trapped underground, in the nation’s deadliest mining disaster in two years, state media reported. Rescue teams hunting for survivors have located the site where eight workers remain stuck in
A powerful bomb blast in Pakistan’s northwestern city of Peshawar has killed and wounded dozens of people, RFE/RL reports. It came as U.S. Secretary of State Hillary Clinton arrived in Islamabad vowing a new page in U.S.-Pakistan relations.
At least 87 people are now feared dead in the Tonga ferry disaster, police said on Saturday, describing the sinking as a “tragedy of huge proportions” for the tiny Pacific island nation. The number people on board the Princess Ashika, which sank just before midnight on Wednesday, has been
Before I begin with the serious stuff, I’d like to indulge in a little gratuitous media-bashing first. If that sort of thing isn’t your cup…
