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Posts Tagged ‘Holdings’

STX OSV Holdings rated ‘buy’ by DMG

DMG & Partners Securities in a Jan 10 research report sas:  “STX OSV is one of the leading global shipbuilder of offshore support vessels (OSV) with nine shipyards in four countries.

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Jan 10: Brothers Holdings, ComfortDelgro, Olam

The following companies may have unusual price changes in Singapore trading today. Stock symbols are in parentheses, and share prices are from the previous close. Singapore’s Straits Times Index dropped 0.6% to 3,261.35.

Commodity suppliers: The Thomson Reuters/Jefferies CRB Index, which tracks prices of 19 commodities from copper to corn, fell 0.4% in New York on Jan. 7, extending its decline to a second day.

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Global Palm Resources Holdings rated ‘buy’ by AmFraser

AmFraser in a Jan 5 research report says: “Global Palm Resources Holdings Ltd (GPR) is one of the smallest SGX-listed palm oil producers with market capitalization of $155 million as of Nov 10. We believe GPR may be trying to gain a foothold into East Kalimantan for oil palm cultivation.

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ASL Marine Holdings rated ‘hold’ by OCBC

OCBC Investment Research in a Jan 5 research report says: “ASL Marine’s (ASL) order book has fallen to about $303 million in 1QFY11, less than half of its order book level of $693 million in 4QFY08.

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Ziwo Holdings rated ‘buy’ by CIMB

CIMB in a Jan 5 research report says: “A strong set of 2Q10 result provided indications of a profit recovery, while continued good performance in 3Q10 affirmed the trend.

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STX OSV Holdings – Corporate moves

Byung Ryoon Woo has been appointed non-ED wef Dec 21
Work experience: CFO, STX Europe; CFO; STX Pan Ocean; CFO, STX Energy

Ecowise Holdings – Corporate moves

Low Kian Beng has been appointed ED wef Jan 1
Work experience: Deputy CEO, Ecowise Holdings Ltd; MD/CEO, Envipure Pte Ltd; group MD/CEO, SP Corp Ltd

ecoWise Holdings posts full-year net loss of $1.3m

Mainboard-listed ecoWise Holdings says it registered a loss attributable to equity holders of $1.3 million in FY2010 mainly due to asset disposal in Wuhan related to the conversion of a coal-fired co-generation plant to a biomass co-generation plant, lower used copper slag-related activities and new business/project development costs. Revenue grew by 19.8% year-on-year to $37.59 million, mainly due to acquisition of Malaysia subsidiaries in the business of tyre retreading and rubber compound manufacturing in July 2010.

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Tiger Airways Holdings – Corporate moves

Stewart Andrew Adams has been appointed MD, Tiger Airways Singapore Pte Ltd wef Jan 10
Work experience: MD, UK regional airline, bmi Regional; 34 years of aviation experience

Temasek unit Fullerton buys 15% stake in Vietnam Bank

Fullerton Financial Holdings, a unit of Singapore sovereign fund Temasek Holdings, has bought a 15% stake in Mekong Development Bank, and plans to raise its holding to 20% next year, the Vietnamese bank said in an e-mailed statement today.

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HLN Tech to buy up to 58.3% Greatly Holdings

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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Amara Holdings plans $32m asset enhancement at 100 Tras Street

Mainboard-listed Amara Holdings, the homegrown integrated lifestyle group, says it has embarked on a $32 million asset enhancement plan and repositioning exercise for its Amara Shopping Centre located at 100 Tras Street.

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Popular Holdings posts half-year net profit of $246m

Popular Holdings says it posted a net profit of $9.8 million on turnover of $245.6 million for for the half year ended 31 October 2010 (HY2011). In view of the performance for HY2011, the group is declaring an interim dividend of 0.4 cents.

Popular’s retail and distribution business recorded an increase in turnover from $192.0 million in HY2010 to $202.5 million in HY2011, mainly contributed by organic growth.

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ConscienceFood Holdings rated ‘buy’ by DBS

DBS Vickers Securities in a Dec 9 research report says: “CSF is a leading manufacturer and seller of instant noodle and snack noodles in North Sumatra. CSF’s immediate growth driver is its expansion into cup noodle production in FY11F.

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Wee Hur Holdings upgraded to ‘buy’ by Phillip Securities

Phillip Securities Research in a Dec 9 research report says: “We are upgrading our revenue and net profit estimates for FY2011 on the back of better earnings for its maiden industrial development project in Woodlands and completion of 2 major construction contracts (Compassvale Pearl and Jurong Entertainment Centre).

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Koon Holdings secures $46m worth of government projects

Koon Holdings, one of Singapore’s largest civil engineering, reclamation and shore protection specialists, says subsidiaries, Koon Construction and Transport Co. (KCTC), Econ Precast Pte Ltd (EPPL) and Construction Technology (“Contech”) have been awarded several new government projects worth $45.7 million.

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Popular Holdings – Corporate moves

Poon Chi Wai Ponch has been appointed ED wef Dec 1
Work experience: CEO, Popular Holdings Ltd, Greater China; CFO, SCMP Group

Hisaka Holdings rated ‘increase exposure’ by SIAS Research

SIAS Research in a Dec 3 research report says: “Hisaka delivered a strong set of results that exceeded even our recently upgraded forecasts, on the back of robust demand from its customers. Full year FY2010 net attributable profit hit $9.3 million, up from $0.7 million last year. 2H FY10 PATMI grew by 20.4% over that of 1H FY10.

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St. James Holdings, Food Republic in JV to set up outdoor food court

St. James Holdings says unit Bar Street, has entered into a joint venture with Food Republic to operate a food court selling food and non-alcoholic drinks at the outdoor car park next to St. James Power Station. Bar Street and Food Republic will each hold 50% of equity interest in the JV company and will each provide a sum of $600,000 as interest-free shareholder loans to the JV company.

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Asiatravel.com Holdings downgraded to ‘hold’ by DBS

DBS Vickers Securities in a Nov 30 research report says: “While revenue was up 24% q-o-q to $25.6 million in 4Q-FY10 on the back of new business lines, Asiatravel.com recorded a net loss of $0.8 million and FY2010 net profit came in 71% lower y-o-y at $1.6 million, much below our estimates.

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