Singapore Airlines (C6L.SG) is likely to report 3Q net profit of $371 million from $403.7 million a year earlier as the carrier is likely to provide for a fine for price fixing on air cargo shipments, according to a Dow Jones Newswires poll of five analysts.
Posts Tagged ‘dow jones newswires’
Singapore export growth slows, 2011 outlook moderate: Update
January 17th, 2011 |
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Singapore’s non-oil export growth slowed to a 13-month low in December as shipments of key electronics products and pharmaceuticals declined, signaling more moderate growth in 2011.
Exports rose 9.4% on-year after growing a downwardly revised 9.9% in November, trade promotion agency International Enterprise Singapore said Monday. The pace was slower than the median 10.5% expansion forecast by 10 economists in a Dow Jones Newswires poll.
Standard & Poor’s: “The Double Dip [In Housing] is Almost Here”
December 28th, 2010 |
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MarketWatch writes today: The non-seasonally-adjusted S&P/Case-Shiller 20-city composite home-price index fell 1.3% on a monthly basis and 0.8% on an annual basis in October. Economists polled by Dow Jones Newswires had expected a 0.6% decline i…
Singapore exports slam brakes but point to normal pace
December 17th, 2010 |
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Growth in Singapore’s key non-oil exports slowed sharply in November after shipments to the city-state’s most important markets declined, but analysts said the moderation was expected and points to a more sustainable pace of growth next year.
Exports rose 10% from a year earlier in November, compared with October’s 34.5% rise, trade promotion agency International Enterprise Singapore said Friday.
The print was less than half the median forecast for 22.8% growth in a Dow Jones Newswires poll of economists, and was lower than even the most conservative estimate in the poll.
Singapore October CPI up 3.5% on year, below expectations
November 23rd, 2010 |
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Consumer prices in Singapore rose a tad slower than analyst estimates in October due to a smaller increase in food and housing costs.
The consumer price index — a measure of costs of goods and services — rose 3.5% in October from a year earlier, compared with a 3.7% increase in September, the Department of Statistics said in a statement Tuesday.
The median forecast from a Dow Jones Newswires poll of six economists was for a 3.7% rise from a year earlier.
Singapore’s OCBC 3Q net profit likely +21.9% on-year
October 29th, 2010 |
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Oversea-Chinese Banking Corp. (O39.SG) 3Q net profit likely +21.9% on-year at $548.7 million, says Dow Jones Newswires poll of 6 analysts.
Loan growth will be key for investors, especially in small-to-medium enterprise sector also, progress on state of private bank. Expect net-interest income to continue to be weak so trading and fee income will need to account for likely mortgage earnings shortfall.
Singapore September Industrial production likely +18.9%-Poll
October 25th, 2010 |
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Singapore’s September industrial production likely +18.9% vs +8.1% August on higher electronics shipments, according to median estimate in Dow Jones Newswires poll of 8 economists. In seasonally-adjusted terms, industrial production likely to contract 1.0% vs 6.3% contraction August.
Eli Lilly to close drug discovery center in Singapore
October 18th, 2010 |
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Eli Lilly & Co. will close its drug discovery center in Singapore, three years into a five-year, US$150 million ($196 million) plan to expand it.
About 130 employees will be affected by the closure, which will take effect as of the end of December, a Singapore-based external spokeswoman who declined to be identified said in an e- mail today. Projects developed in the city-state will be transferred to the company’s headquarters in Indianapolis, she said. Dow Jones Newswires reported the news earlier.
Eli Lilly to close Singapore Drug Discovery Center
October 18th, 2010 |
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Eli Lilly & Co. (LLY) will close its Singapore Center for Drug Discovery in December, a spokeswoman for the U.S. pharmaceutical group said Monday.
The spokeswoman said in an email response to queries from Dow Jones Newswires that the facility, which was a joint collaboration with the Singapore government’s Economic Development Board, will close “to ensure we are structured to most efficiently bring innovative new medicines to patients” and that “projects and capabilities deemed a priority for Lilly’s global research organization will be transitioned to the company’s global headquarters” in the U.S.
BlackBerry Ban Averted as RIM, UAE Strike Deal on Encryption
October 8th, 2010 |
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Crisis is averted for BlackBerry users in the Middle East as Research In Motion works out a deal with United Arab Emirates over BlackBerry services. – It came right down to the wire, but Research In Motion worked out a
deal with United Arab Emirates to avert the BlackBerry ban, reported
Dow Jones Newswires on Oct. 8.
If a deal hadnt been reached, UAE was set to ban key BlackBerry
services, including instant messaging, e-mail and Web browsing,
…
Singapore’s August CPI rose 3.3% on-year
September 23rd, 2010 |
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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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RBS, Sempra Energy near deal to sell North American electricity business to Noble Group, says …
September 20th, 2010 |
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Royal Bank of Scotland Group PLC (RBS) and Sempra Energy (SRE) are nearing a deal to sell their joint venture’s North American electricity retail business to Hong Kong-based commodities trading company Noble Group (N21.SG), people familiar with the situation said Friday.
The sale price is in the low hundreds of millions of dollars, the people told Dow Jones Newswires.
On Thursday, US-based Sempra Energy’s chief financial officer said a deal should be announced shortly, without providing any details.
Kencana Agri +14.3% on hopes of Wilmar entry
August 13th, 2010 |
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Kencana Agri (F9M.SG) +14.3% at $0.40, just off all-time high of $0.41 earlier, on hopes potential entry of larger rival Wilmar (F34.SG) as shareholder will enlarge Indonesian plantation group’s scale, says Dow Jones.
Both companies in advanced talks on Wilmar taking minority stake, with sources telling Dow Jones Newswires earlier this week Wilmar could buy 20%.
“We believe the key attraction of Kencana Agri to Wilmar group is its young palm oil estates, large land bank as well as its logistic businesses,” says CIMB, which has no rating on Kencana; “this will complement Wilmar’s downstream business in Indonesia and help the group lock in future supply of palm oil as its current new planting has been slow due to stricter planting practices.”
Until actual deal finalised, shares unlikely to head much higher. Orderbook quotes suggest minimal upside beyond $0.415.
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Noble 2Q’s net profit likely at US$122m: Poll
August 12th, 2010 |
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Noble Group’s (N21.SG) 2Q net profit likely down sharply at US$122 million ($166 million) vs US$248.8 million year earlier due to exceptional gain booked last year, according to Dow Jones Newswires poll of 5 analysts.
Revenue likely higher at US$7.8 billion vs US$7.2 billion. “Although certain businesses may turn in lacklustre results in the second quarter, strength from other units as well as contributions from recent acquisitions should buffer the group’s overall performance. We continue to like Noble for its robust medium term growth outlook and reasonable valuations,” says OCBC Investment Research. Results due later today.
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Noble 2Q net profit likely at US$122m: Poll
August 10th, 2010 |
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Noble Group (N21.SG) 2Q net profit likely down sharply at US$122 million ($165 million) vs US$248.8 million year earlier due to exceptional gain booked last year, according to Dow Jones Newswires poll of 5 analysts; revenue likely higher at US$7.8 billion vs US$7.2 billion.
United Overseas Bank’s 2Q net profit likely +27.7%: Poll
August 6th, 2010 |
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Singapore’s United Overseas Bank (U11.SG) expected to post biggest improvement in 2Q net profit out of all Singapore banks, mostly on back of improving asset quality, says Dow Jones.
Net profit likely +27.7% on-year at $600 million according to Dow Jones Newswires poll of five analysts. Bank likely to face same pressures on interest margins DBS Group (D05.SG), OCBC Bank (O39.SG) have.
“UOB has the highest loan loss coverage, and is therefore likely to require lower provisions than peers. Having said that, UOB has historically been conservative and we do not rule out UOB continuing to raise its loan loss coverage to prepare for the rainy day,” says Daiwa Capital Markets.
Results due about 11:30 a.m. Tuesday.
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Singapore June CPI likely +3.5% on-year: Poll
July 21st, 2010 |
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Singapore June CPI likely +3.5% on-year vs +3.2% in May as private transport costs continued rising, according median forecast of Dow Jones Newswires poll of five economists.
Singapore exports hit Europe speed bump, may slow further
June 17th, 2010 |
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Singapore’s exports grew in the double digits for the sixth straight month in May but at a slower pace than the month before, and the growth in shipments could slow further in coming months as the island state begins to feel the full impact of the European sovereign debt troubles.
Non-oil domestic exports grew 24.4% from a year earlier, data released Thursday showed, below the 26.8% median forecast of seven economists polled by Dow Jones Newswires and slower than the upwardly revised 30% expansion in April.
Singapore March manufacturing data beats estimates
April 26th, 2010 |
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Singapore’s manufacturing output rose faster than expected because of robust growth in electronics and pharmaceuticals, and may help the island nation’s economy expand by at least 10% this year.
Manufacturing output grew 43% in March, accelerating from a downwardly revised 17.9% expansion in February, according to data released by the Economic Development Board Monday. A Dow Jones Newswires poll of seven economists had tipped industrial production to grow 30.3%.