DBS Vickers Securities in a Dec 28 research report says: “CSE has agreed to acquire Australian based ASTIB Group Pty Ltd (‘ASTIB’) for an initial consideration of $46.7 million (comprising cash of A$30 million and 5 million ordinary shares of CSE), valued at 7.35x FY10 June PE and 3.81x P/B.
Posts Tagged ‘buy’
UOB rates CDL Hospitality Buy; top sector pick
January 3rd, 2011 |
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After Singapore’s visitor arrivals rose 16% on-year in November, marking the 12th consecutive month of record arrivals, UOB KayHian forecasts arrivals to grow 10% on-year in 2011 to 13.1 million “as Singapore gears itself for the next round of attractions, including Gardens by the Bay, River Safari at Mandai and the Lion King musical.”
Osim +1.8%; China buy in line with strategy – OCBC
January 3rd, 2011 |
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Osim International (O23.SG) is up 1.8% at $1.67, outperforming the broader market amid a positive reaction to the massage chair maker’s strategic acquisition in China.
Osim announces it has purchased a 19.03% stake in Hong Ming (China) for US$313,585, raising its total effective stake in Hong Ming to 30.0%. Osim says Hong Ming is one of the R&D arms of associated company Daito-OSIM Healthcare and that the buy is accretive but not expected to have any material impact on EPS and NTA for FY10.
Where To Buy Cheap Software Posted By : Rondle Tomsen
January 2nd, 2011 |
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No major software manufacturer is going to let someone else sell downloads of their product. The only place you can get legal, authentic versions to download is to download it directly from the manufacturer such as Adobe, Symantec, Autodesk, Microsoft etc… Downloading from somewhere else is more than likely illegal.
SGX CEO says will press ahead with bid to buy ASX: report
December 28th, 2010 |
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Singapore Exchange (SGX) (SGXL.SI) will try to push through its proposed US$7.8 billion ($10.1 billion) acquisition of Australian stock exchange ASX (ASX.AX) despite strong opposition in Australia, SGX CEO Magnus Bocker said in an interview with the Straits Times newspaper today.
“All the reactions that I have seen so far, I am not really surprised by,” Bocker told the Singapore paper.
UOL agrees to buy UIC shares from UOB
December 22nd, 2010 |
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UOL Group has agreed to buy a 9.7% stake in United Industrial Corp. for $320.5 million from United Overseas Bank, UOL said in a statement to the Singapore Stock Exchange today.
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CapitaMalls Asia +1.6%; Mall buy is accretive: JPMorgan
December 22nd, 2010 |
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CapitaMalls Asia (JS8.SG) is up 1.6% at $1.9, rising in afternoon trade after the company says it will acquire Queensbay Mall in Penang, Malaysia, for about $275.6 million.
JPMorgan says the deal is accretive, and notes while the mall’s current NPI yield is only 5.0%, it has been undermanaged with occupancy of about 91.5% and passing rents at less than CMA’s other Penang mall, Gurney Plaza.
"Given 70% of the leases will be up for renewal in the next two years, we see potential for CMA to leverage on its scale and expertise to upgrade the mall and to achieve a yield on cost of about 7.5%-8.0% by 2012."
JPMorgan says CMA can potentially achieve IRR of about 12% on this acquisition, adding about $0.03/share to RNAV estimates.
The house adds, the stock is at "an attractive entry level," trading at a 30% discount to SOTP valuation and 1.2x FY10E book.
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SATS off 0.4%; Earnings tweaked higher on TFK buy
December 21st, 2010 |
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SATS (S58.SG) off 0.4% at $2.83, giving back some of yesterday’s 0.7% gain which came amid a weak market on news the company has completed the acquisition of Japan Airlines International’s entire 50.7% stake in in-flight caterer TFK Corp. for $122 million.
Phillip Securities, which has a Buy call and raises its target to $3.48, says the purchase is a proxy to growth at Japan’s Narita and Haneda airports.
Sembcorp Industries rated ‘buy’ by Phillip Securities
December 21st, 2010 |
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Phillip Securities Research in a Dec 17 research report says: “We visited Sembcorp Industries’ key utilities facilities on Jurong Island. We believe that there is scope for further expansion, including the construction of another wastewater treatment plant, if more chemical and petrochemical companies build their facilities on Jurong Island.
DMG optimistic on SIA’s China Cargo stake buy
December 21st, 2010 |
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DMG says it’s optimistic on the potential arising from Singapore Airlines’ (C6L.SG) acquisition of a 16% stake worth $65 million in China Cargo Airlines, announced Monday.
“While management has not provided any guidance on the outlook specifics, SIA’s pivotal role in the route optimization of China Cargo Airline’s freighter carriers could potentially see SIA offering direct connectivity between China and Singapore (and Asean for the matter) and Australia, while China Cargo Airlines would be dedicated to traffic in/from the mainland China region.”
Apps share personal details says WSJ, Facebook app update, Best Buy ends restocking fee
December 20th, 2010 |
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The WSJ investigated 101 apps for the iPhone and Android smartphones and found that many of them share personal details with ad firms without asking the user’s permission. The study found that Pandora was one of the apps that shared many details on the user. The Facebook app for iPhone was updated recently to version [...]
Noble confirms Brazil mills buy in $1.2b deal
December 20th, 2010 |
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Noble Group (NOBG.SI), Asia’s largest commodities trader, said on Monday it has signed a US$950 million ($1.2 billion) deal to purchase two sugar mills from Brazilian and ethanol group Cerradinho Holding.
The Singapore-listed firm told the bourse the two mills will increase Noble’s total annual sugarcane crushing capacity to 17.5 million tonnes, after a Brazilian newspaper reported of the takeover bid last week.
SIA to buy 16% of China cargo carrier for $65m
December 20th, 2010 |
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Singapore Airlines (SIAL.SI) said on Monday it will take a 16% stake in China Cargo Airlines for 328 million yuan ($65 million). China Cargo Airlines, which is based in Shanghai, is currently 70% owned by China Eastern Airlines and 30% by Cosco.
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ComfortDelgro Corporation rated ‘buy’ by Kim Eng
December 20th, 2010 |
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Kim Eng Research in a Dec 17 research report says: “With the purchase of Swan Taxis in Perth completed, ComfortDelgro is now reported to be among eight companies vying to operate 850 metro buses in Adelaide, the capital of South Australia.
DBSV upgrades Pacific Andes to Buy from Hold
December 20th, 2010 |
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DBS Vickers upgrades Pacific Andes Resources (P11.SG) to Buy from Hold and raises its target price to $0.48 from $0.37 on news its subsidiary China Fishery (B0Z.SG) is seeking a dual-listing in Hong Kong by offering up to 200 million new shares.
“With the potential funds raised of (about) U$350 million, we believe CFG could be aggressively looking for acquisition of more quotas/fishing companies.”
HLN Tech to buy up to 58.3% Greatly Holdings
December 20th, 2010 |
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HLN Technologies, which manufactures and distributes components used in industries such as consumer electronics and office automation, said today it has proposed acquiring up to 58.33% shareholding interest in Greatly Holdings Investment for 73.5 million yuan ($14.5 million).
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Noble Brazil buy likely earnings accretive: Analyst
December 17th, 2010 |
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Noble (N21.SG) is down 0.5% at $2.06, unmoved by a Brazilian media report that Noble will buy 2 mills from Grupo Cerradinho for around US$941 million ($1.2 billion).
“There isn’t much of a reaction in the market due to a few reasons. The valuation isn’t out, and without that it’s all just an abstract thing. But my view is that the chances of it being earnings accretive are quite high,” says an analyst at a local brokerage.
Super Group initiated at Buy by UOB-KayHian, $1.66 target
December 17th, 2010 |
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UOB KayHian starts Super Group (S10.SG) at Buy with a $1.66 target, based on a PEG valuation of 1.0x, “which we think is justified given its steady but solid growth outlook of 16% CAGR over the next three years.”
It says the company is “a leading instant food and beverage brand owner with a strong position in Southeast Asia. Super also owns more than 10 brands that are targeted at different consumer groups.”
Yangzijiang +0.5%; DMG positive on JZME buy plan
December 17th, 2010 |
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Yangzijiang (BS6.SG) is up 1.1% at $1.91 after the shipbuilder says it has entered an agreement to acquire 100% of Jiangsu Zhongzhou Marine Equipment — which owns shipbuilding facilities of 350,000 square metre yard space, 430 metre deep water coast line — for RMB420 million ($82.7 million) (implied P/E of 7.7x and 1.2x NAV).
NOL cut to Hold from Buy by Phillip; Eyes $2.41
December 17th, 2010 |
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Phillip Securities downgrades Neptune Orient Lines (N03.SG) to Hold from Buy due to limited upside of 11.6% from current share price to fair value estimate of $2.41, which is raised from $2.36 due to higher estimates.
The house is now more optimistic on the outlook of container shipping industry, while “NOL has also ordered new container vessels, which shows it is confident about the future.”