JP Morgan Research in an Aug 25 research report says: “Excluding fair value losses of Rmb15 million, core net profit of Rmb383 million (+37% y-o-y) was 13%/5% ahead of JPM/consensus estimates. Gross profit margin remained steady at 40.4%.
Posts Tagged ‘Corp’
Engro Corp – Corporate moves
August 25th, 2010 |
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Choa Chee Meng has been appointed GM wef Aug 17
Work experience: Has held job positions in manufacturing operations, sales and marketing, new business development in Dupont, Invista and Dow Chemical
Healthway Medical Corp – Corporate moves
August 25th, 2010 |
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Dr Adrian Francis Leong Peng Kheong has been appointed MD/medical director, medical services wef Aug 1
Work experience: Adjust Professor, Dept of Surgery, Yong Loo Lin School of Medicine, National University of Singapore
Singapore Shipping Corp – Corporate moves
August 18th, 2010 |
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Ow Yew Heng has been appointed ED wef Aug 10
Work experience: Assist to COO, Singapore Shipping Corp Ltd, Stamford Land Corp Ltd; non-ED, Cougar Logistics Corp Ltd
Lafe Corp – Corporate moves
August 17th, 2010 |
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Law Kwok Fai Paul has been appointed ED wef Aug 6
Work experience: Head, manufacturing and operations, Lafe Corp Ltd; director, The Grande Holdings Ltd
Armstrong Industrial Corp rated ‘outperform’ by CIMB
August 16th, 2010 |
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CIMB in an Aug 13 research report says: “2Q10 core net profit of $7.1 million (+100% y-o-y) came in 14% above consensus and our estimates on the back of higher-than-expected gross margins. EBITDA margins improved 4.9% pts y-o-y to 18.4% in 2Q10.
SMRT Corp – Corporate moves
August 12th, 2010 |
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Teo Chew Hoon has been appointed senior VP, SMRT Investments Pte Ltd and SMRT Taxis Pte Ltd wef Aug 1
Work experience: VP, SMRT Investment Pte Ltd/SMRT Taxis Pte Ltd; VP, commercial business division, SMRT Investments Pte Ltd
Thievery Corp. & Massive Attack: Co-Headlining Tour
August 11th, 2010 |
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OCTOBER TOUR ANNOUNCED
 Massive Attack |
Renowned DC production duo Thievery Corporation and British trip-hop pioneers Massive Attack will combine forces
this fall for a must-see co-headlining tour. Both acts are celebrated for their mastery of using instrumentation over
the top of rich beats as well as stunning live performances. Confirmed tour dates include 2 amazing nights at New
York’s Beacon Theatre and a night at the beautiful Santa Barbara Bowl.
Tickets for U.S. dates will be available through www.Ticketmaster.com. Tickets for the Montreal show will be
available through www.evenko.ca. Check your local ticket
outlets for on-sale dates.
Tour Dates:
09.10.2010 – Red Rocks Amphitheatre Denver, CO
09.11.2010 – Belly Up Aspen, CO
09.25.2010 – Virgin Mobile FreeFest Columbia, MD
10.18.2010 – Bell Centre Montreal, CAN
10.19.2010 – Orpheum Theater Boston, MA
10.21.2010 – Beacon Theatre New York, NY
10.22.2010 – Beacon Theatre New York, NY
10.23.2010 – Borgata Hotel Atlantic City, NJ
10.26.2010 – Bayfront Park Amphitheater Miami, FL
10.27.2010 – Hard Rock Live Orlando, FL
10.29.2010 – Fox Theatre Atlanta, GA
10.30.2010 – MOOGfest @ Asheville Civic Center Asheville, NC
11.01.2010 – Palladium Ballroom Dallas, TX
11.04.2010 – RIMAC Arena San Diego, CA
11.05.2010 – Santa Barbara Bowl Santa Barbara, CA
11.06.2010 – Greek Theatre Berkeley, CA
11.07.2010 – Gibson Amphitheatre Los Angeles, CA
Hoe Leong Corp sees 1H net profit of $3m
August 11th, 2010 |
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Mainboard-listed Hoe Leong Corporation, the supplier of heavy equipment parts and vessel charterer, says net profit attributable to owners of the company increased by 276.8% to $3 million for the half year ended 30 June 2010 (HY2010) from $0.8 million in HY2009 as a result of improved revenue and gross profit performance as well as stable operating expenses.
For HY2010, the group recorded an increase of 13.5% to $32.8 million from $28.9 million in HY2009. This was mainly attributable to revenue increase from all its business segments – namely Design and Manufacture, Trading and Distribution; and Barge and Vessel Chartering.
Venture Corp raised to Outperform from Neutral by Credit Suisse
August 6th, 2010 |
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Credit Suisse raises Venture Corp. (V03.SG) to Outperform vs Neutral, ups target price to $11.05 from $8.95 after electronics contract manufacturer yesterday reports 2Q core net profit +14% on year, in line with expectations. “We expect overall demand-led recovery, ramping of new programs, and contribution from new customers to support a stronger growth profile into 2H,” Credit Suisse says. Venture down 1.3% at $9.09.
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Venture Corp posts 33% fall in 2Q net profit to $45.8m
August 5th, 2010 |
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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.
Aug 5: CapitaLand, Cosco Corp., Noble Group
August 5th, 2010 |
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The following companies may have unusual price changes in Singapore trading today. Stock prices are from the previous close. Singapore’s Straits Times Index fell 0.4% to 3,001.87.
Commodity suppliers: The Reuters/Jefferies CRB Index, which tracks prices of 19 commodities including corn and copper, rose 0.9% in New York yesterday. Olam International (OLAM SP), a supplier of agricultural commodities, dropped 0.7% to $2.73. Noble Group (NOBL SP), a Hong Kong-based commodity supplier, declined 1.2% to $1.66.
Cosco Corp. gets $94.6 m in contracts for two bulk carriers
August 4th, 2010 |
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Cosco Corp. Singapore, part of China’s largest shipping group, said its Cosco (Dalian) Shipyard subsidiary signed contracts to build two bulk carriers of 92,500 deadweight tons each valued at more than US$70 million ($94.6 million) for a Hong Kong ship owner, the company said in a statement to the Singapore stock exchange today.
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Oversea-Chinese Banking Corp rated ‘hold’ by Phillip Securities
August 4th, 2010 |
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Phillip Securities Research in an Aug 3 research report says: “After a record quarter with earnings of $676 million, OCBC 2Q10 earnings declined by 26% to $503 million, similar to 4Q09 income of $502 million. The results were due to lower investment revenues, lower insurance income and higher operating expenses.
Cougar Logistics Corp – Corporate moves
August 3rd, 2010 |
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Ow Yew Heng has been appointed non-ED wef July 29
Work experience: Asst to COO, Stamford Land Corp Ltd, Singapore Shipping Corp Ltd and Cougar Logistics Corp Ltd; analyst, private wealth management, Deutsche Bank AG, Singapore
SMRT Corp downgraded to Neutral from Buy by Nomura
August 3rd, 2010 |
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Nomura has cut SMRT Corp. (S53.SG) to Neutral from Buy, lowers price target to $2.05 from $2.45 on back of expected higher cost pressures for Singapore public transit stock over next 6-8 months, says Dow Jones.
Nomura is cutting FY 2011, FY 2012 earnings by 21% to account for higher costs and steeper losses on newly opened Circle Line. But expects growth to resume in FY 2012 as Circle Line ridership improves, more stations open.
Cosco Corp. Singapore 2Q profit rises 85%
August 2nd, 2010 |
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Cosco Corp. Singapore reported an 85% increase in second-quarter profit after revenue gained.
The company had a net income of $68.4 million compared with $37 million a year earlier, according to a stock exchange statement. Revenue increased 34% to $962.5 million compared with $718.5 million a year earlier, it said.
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SMRT Corp cut to Hold by OCBC from Buy; lowers target price
August 2nd, 2010 |
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OCBC Investment cuts public transit stock SMRT Corp. (S53.SG) to Hold from Buy, on valuation grounds and on challenging outlook flagged in earnings, reported Dow Jones.
OCBC lowers fiscal FY11 earnings forecast by 8.2%, also tweaks dividend assumptions, cuts fair value estimate to $2.16 from $2.33.
Singapore Shipping Corp – Corporate moves
August 2nd, 2010 |
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Lt-Gen(Retd) Ng Jui Ping has been appointed independent director/audit committee member wef July 29
Work experience: Chairman, August Asia Consulting Pte Ltd; chairman/group CEO, Horizon Education and Technologies Ltd
The Hong Kong Shanghai Banking Corp – Corporate moves
July 30th, 2010 |
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Alex Hungate has been appointed CEO, HSBC Singapore wef Sep 1
Work experience: Global head, personal financial services and marketing, HSBC, London