Singapore’s Straits Times Index rose 0.3% to 2,881.61 as of 9:30 a.m. About 10 stocks gained for every three that fell. Shares on the measure trade at 15 times estimated earnings, compared with about 17.5 times at the start of 2010, according to data compiled by Bloomberg. The following shares were among the most active in the market.
Posts Tagged ‘Eng’
March 16: SIA Engineering, SIA, Cosco, Healthway Medical, Chip Eng Seng, Novo Group
March 16th, 2010 |
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Singapore’s benchmark Straits Times Index (.FTSTI) slipped 0.24% to 2,874.33 points yesterday. US stocks were little changed last night as a late rebound in financial stocks offset nagging worries the Chinese government may tighten credit, a move that could slow growth in the global economy. Here are some stocks and factors to watch:
Chip Eng Seng wins tender of Melbourne CBD land with $25.8m bid
March 15th, 2010 |
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Chip Eng Seng Corporation, one of the leading construction and property groups, has been awarded the tender for a land parcel at 27-39 Mackenzie Street in Melbourne, Victoria, for A$20.2 million ($25.8 million). The land tender was won by its wholly-owned subsidiary CES-Mckenzie (Victoria).
Kim Eng Holdings full-year net rises 25% to $89.3m
February 26th, 2010 |
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Kim Eng Holdings, a Singapore- listed stock broking and dealing company, reported full year net income of $89.3 million, a 25% rise. Revenue for the 12 months to Dec 31 rose 13% to $419.5 million, the company said in a stock exchange statement today.
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Hyflux cut to ‘hold’ by Kim Eng with price target of $4.03
February 25th, 2010 |
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Kim Eng Securities has downgraded Hyflux (600.SG) to “hold” from “buy” on limited upside and reduced its target price to $4.03 from $4.11 previously.
The broker has lowered its price target to account for dilution from shareholder Istithmar’s likely exercise of its 41 million warrants before they expire in April.
“We believe this may also lead to short-term pressure on the stock,” says Kim Eng.
Cosco off 4%; at risk of cash crunch, says Kim Eng
February 23rd, 2010 |
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Cosco Singapore (F83.SG) is off 5 cents at $1.23 on disappointment with FY09 earnings and worries over further weakness in coming quarters as ship builder hasn’t unveiled any major contracts for some time.
Lack of new jobs may eventually take toll on Cosco’s balance sheet with no fresh funds to service existing projects.
Raffles Education’s earnings to disappoint for next few quarters, says Kim Eng
February 4th, 2010 |
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Raffles Education Corporation (E6D.SG) is down 7.3% at four-session low of 38 cents in active trade, as sharp fall in December-quarter earnings fuels concerns bottomline in coming quarters may also disappoint, says Dow Jones Market Talk.
“Ongoing investment in organic growth will continue to dampen its earnings in the next few quarters,” says Kim Eng Securities, which has a “hold” call with 42 cents target.
The brokerage expects set-up costs to remain high for rest of year as company rolls out more colleges in Asia, saying, “Meaningful organic growth will only materialise from FY11.”
Raffles Education’s 2Q10 (ended December) net profit fell 74% on-year to $$7 million on lower student enrolment, absence of divestment and FX gains which boosted results year earlier.
Heavy selling pressure suggests stock may close below 40 cents for first time since Jan 27; support tipped at December low of 36 cents.
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Ascendas REIT flat; DPU growth likely muted, says Kim Eng
January 19th, 2010 |
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With a slight improvement in fiscal 3Q10 results and a cautious outlook, industrial landlord Ascendas REIT (A17U.SG) is not giving market confidence to stay invested, says Kim Eng Securities.
“We do not expect strong rental recovery due to the new industrial space coming on line and a still-weak office sector, which may draw tenants away from industrial space,” says the brokerage, which has ‘hold’ call with $2.02 target.
Otto Marine gains after Kim Eng recommends ‘buy’
January 11th, 2010 |
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Otto Marine climbed to its highest level since listing in November 2008 after Kim Eng Holdings initiated coverage of the stock with a “buy” rating and share-price forecast of 64 cents.
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Chip Eng Seng Corp – Corporate moves
December 4th, 2009 |
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Dawn Lim Sock Kiang has been appointed ED wef Dec 1
Work experience: Senior architect, Hassell, Melbourne; architect, Stephen Jolson Architect, Melbourne
Ashes live – England v Australia
July 17th, 2009 |
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Second Test, Lord’s, day two (1100 BST start):
LATEST ACTION (all times BST)
By Tom Fordyce
e-mail tms@bbc.co.uk (with ‘For Tom Fordyce’ in the subject), text 81111 (with "CRICKET" as first word) or use606. (Not all contributions can be used)
ENGLAND INNINGS
1119: 379-9 And so it comes down to Trevor Bailey and Chris Tavare, aka Monty and Jim. Anderson gets off the mark – of course he does – with a pushed single that almost sees Monty run out as he daydreams a dwardle down the track. An air of resigned shock around HQ.
Michael (having a difficult day), Cleadon, Sunderland, text 81111:>"It’s a miserable day up here, my girlfriend crashed her car with me in it this morning, I was late for work, I’m tired but at least my overly relaxed office don’t mind me catching up on the live text all day and I can really see Strauss…oh."
1115: 378-9 Three overs, three wickets, and that was a stinker – a big booming drive aimed at a full inswinger, and Broad’s castle is breached. Looking at the replays there was an inside edge, but the feet were rooted. Anyone want to start this morning again
1113: WICKET Broad b Hilfenhaus 16, Eng 378-9 Jimmy Anderson now, and if we’re looking for silver linings, he’s got to be eyeing this enormo-swing and licking his Lancashire lips. Oh my giddy aunts – ANOTHER ONE’S GONE!
From James the geophysicist, TMS inbox: "Simon in Oxford, I will severely put myself out and completely change the non-existent plans I had on Sunday to take the Lord’s ticket off your hands. Don’t worry, I don’t expect any compensation."
1107: WICKET Swann c Ponting b Siddle 4, Eng 370-8 Swanny to the trenches, and he gets off the mark with a clip off the toes for four. Short leg in for the Cardiff hopper. Siddle, a sweatband halfway up his forearm in the style of His Airness, gets dabbed away for a single legwards before a steepling lifter zips past Swann’s retreating ears. Another short one – and that’s got him, prodded feebly to second slip. Two overs, two wickets…Former England seamer Angus Fraser on TMS: "If England do get bowled out cheaply and the ball is moving around, it gives them the opportunity to get some early wickets."1103: Eng 364-7 If you’ve just spat your mid-morning cuppa at your PC screen, you’re not the only one. That one swung like Tarzan on a vine – starting out wide, dipping back in and banging back the off stump as Strauss shouldered arms. Calamitous start for England, joy unconfined for the tourists. Ricky Ponting’s face is in danger of splitting, his smile is so wide.
1102: WICKET Strauss b Hilfenhaus 161, Eng 364-7 Here we go – Hilfenhaus to Strauss – and HE’S BOWLED HIM!1050: Traditional pre-bell heads-up – could you F5 it before we roll into action Video scorecard reasons. Reth’pect.From Simon in Oxford, TMS inbox: "I need advice. I have, this morning been offered the opportunity to come down to Lord’s on Sunday. Another friend has also offered me the chance to go to Turnberry. All the while it is my girlfriends birthday and I should really be with here in Manchester. I am in a severe quandary. Any suggestions"Former England spinner Phil Tufnell on TMS: "We’ve got to get up to 460 to put the Australians under pressure."Meanwhile, fresh from regaling his Wimbledon colleagues with tales of his past badminton glories, Radio One Newsbeat’s David Garrido has been ‘helping’ the Barmy Army take on the Aussie Fanatics. David describes his own bowling as "amazing".You be the judge by checking out his video of the match.1035: Humid out there at the mo. Could it swing Wrinkled old purveyors of wobble are sniffing the air like Bisto kids. There’s movement in them there clouds.BBC Sport’s Oliver Brett on Twitter:"Hauritz gingerly taking part in touch rugby, Watson – remember him – jogging around. Covers are being hauled off – should start on time."1025: Having said that, the covers are currently off at Lord’s. There’s rain forecast – it is the middle of July, after all – but there’ll be cricket this morning or my name’s Martin McCague.
1015: Morning – all well Hope you’ve packed your snorkels…
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