As the anti-government protests rage on in Egypt, Bollywood megastar Amitabh Bachchan reminisces about his stay in the beautiful country of pyramids and hopes it “all comes to an end soon and in peace”. “I see incredible scenes of violence and disruption on television about what is happening in Egypt and in particular in Cairo [...]
Posts Tagged ‘hopes’
Big B hopes peace returns in Egypt
UN hopes to break Cyprus deadlock
Delegations from both of Cyprus’ communities have arrived at the United Nations headquarters in Geneva for talks aimed at reunifying the island. However there is a strong fear this latest round of talks could fail.
Ascott Residence hopes to double assets, eyes new market
Waqar hopes a fresh start for Pakistan cricket after Doha hearing
Pakistan coach Waqar Younis hoped that his team will be able to play some controversy-free cricket once a decision is taken by an independent tribunal that has finished hearing a spot-fixing case involving Mohammad Asif, Salman Butt and Mohammed Asif in Doha. “I hope all goes well and I hope the outcome is what cricket [...]
Palm oil firms rally on higher price hopes
At 0316 GMT, shares of Golden Agri-Resources (GAGR.SI) gained 2.5%, Indofood Agri Resources (IFAR.SI) rose 3.2% and First Resources (FRLD.SI) added 1.9%.
America’s retailers: Holiday hopes
Retailers are expecting happy holidays, but not all shoppers are full of cheer
JUDGING by the wildly cheering audience at the orgy of consumerism that was Oprah Winfrey’s “Ultimate Favourite Things” show, American women have lost none of their enthusiasm for the finest stuff money can buy. (The handful of men in the audience seemed to share the feeling.) The show, screened in two parts just before Thanksgiving, the traditional start of the holiday shopping season, ended with each audience member going home with products ranging from a set of Oprah-branded Le Creuset pots to an iPad, some sparkling Ugg boots and a new car.
Retailers must hope that the public will be as enthusiastic about such products when they have to pay for them as the audience was when getting them free. They are certainly competing harder than ever to lure shoppers into their stores. Many are opening before sunrise on Black Friday, as the day after Thanksgiving is known (supposedly because it is the point in the financial year when retailers edge into the black). Wal-Mart was due to open most of its stores at the stroke of midnight. Sears decided to open on Thanksgiving Day itself for the first time, though still holding back its best bargains for Black Friday. …
Dell’s Windows Phone 7 Switch: Good for Microsoft’s Enterprise Hopes?
Dell’s decision to switch its workers from BlackBerry to Windows Phone 7 could be a sign that mobile enterprise is swinging in Microsoft’s favor. Maybe. – Is Windows Phone 7 slated to become the next big enterprise device?
That becomes a more pressing question following news
that Dell plans on dumping Research In Motion’s BlackBerry from its corporate
offices, in favor of Windows Phone 7 devices manufactured by the company.
Within hours of that ne…
NOL up on hopes of year-end volume surge
Freight Links jumps on REIT hopes
Serbia hopes for positive outcome
The heads of the EU Integration Office says she hopes for a positive outcome on Serbia’s bid to become candidate for EU membership. While deciding on Serbia’s EU membership candidacy, the EU Foreign Ministers will try to find a compromise between the need to enable Belgrade to progress in the EU integration process and the necessity to ensure the completion of cooperation with the Hague, Milica Delević says.
Serbia hopes for positive outcome
The heads of the EU Integration Office says she hopes for a positive outcome on Serbia’s bid to become candidate for EU membership. While deciding on Serbia’s EU membership candidacy, the EU Foreign Ministers will try to find a compromise between the need to enable Belgrade to progress in the EU integration process and the necessity to ensure the completion of cooperation with the Hague, Milica Delević says.
STI +0.8%; hopes pinned on Central Banks-Kim Eng
Benchmark +0.8% at 3188.80, with resistance expected at 3200. Market breadth still at more than 2 gainers for every decliner. “Investors (are) increasingly optimistic that central banks will do what it takes to promote growth recovery,” says Kim Eng Securities, noting BOJ’s recent rate cut, JPY5 trillion fund to buy assets.
Cosco, JES, Yangzijiang Outperform on Greek order hopes
Singapore-listed Chinese shipbuilders outperforming rest of market on hopes for increased orders following China’s plan for U$5 billion ($6.6 billion) fund to help Greek shipping companies buy Chinese vessels, says Dow Jones.
Cosco (F83.SG) +3.3% at $1.87, JES International (EG0.SG) +7.1% at $0.375, Yangzijiang (BS6.SG) +1.7% at $1.81 vs STI +0.8%.
Fund announced over weekend by Chinese Premier Wen Jiabao.
LDP hopes for Serbia-EU compromise on Kosovo
Liberal Democratic Party (LDP) leader Čedomir Jovanović says any kind of compromise with the EU over the resolution on Kosovo would be good. He also expressed expectation that it will be reached.
StarHub up on corporate business hopes
Singapore’s second-biggest telecom firm StarHub <STAR.SI> rose as much as 3.7% to a 22-month high on Wednesday on hopes the island’s new fibre-optic network may help the firm to get a bigger slice of the corporate data segment.
At around 11:00 a.m., StarHub’s shares were traded at $2.52 with over 2.9 million shares changing hands.
“With the roll out of the new network, we foresee StarHub making more headway in the corporate space as they will be able to sell more (data) services to schools, financial institutions etc.,” said Carey Wong, an investment analyst at OCBC Investment Research.
Singapore’s new fibre-optic network opened for business on Wednesday.
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Starhub +1.2%; New broadband network fuels hopes
Starhub (CC3.SG) best performer among Singapore telcos, +1.2% at S$2.49 although off new 52-week high of $2.55 set in early trade, on hopes for higher broadband revenue as launch of Singapore’s high-speed national broadband network now allows telco to service companies in central business district, where it had no access previously, says Dow Jones. Foray, if successful, will mean rival SingTel (Z74.SG) losing some market share in this space.
CDL Hospitality +0.5%; Loan payment ups DPU hopes
CDL Hospitality Trusts (J85.SG) +0.5% at $2.06, just off new 52-week high of $2.08 set in intraday trade, as hotel REIT’s settlement of $350 million loan from DBS Bank supportive, says Dow Jones.
Three-year loan granted in April last year for refinancing debt, with REIT’s Singapore hotels offered as collateral. With loan paid off, DPU likely to increase.
Kencana Agri +14.3% on hopes of Wilmar entry
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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Banyan Tree +1.2% on dividend hopes; $0.875 cap
Banyan Tree (B58.SG) +1.2% at $0.86 as $110.0 million disposal of Phuket hotel raises hopes for special dividend, eases concerns of further hit to business as move lowers luxury resort operator’s exposure to Thailand, where past political unrest responsible for its reduced bookings last year, says Dow Jones.
“A potential return of capital is positive for shareholders,” says Kim Eng Securities, which has no rating on stock. Banyan unit Laguna Resorts & Hotels (LRH.TH) will sell hotel to Dusit Thani (DTC.TH) for expected $68.4 million gain, which it plans to use for investment in hotel or hotel-related project overseas, repay bank loans, pay dividends.
Pending 2Q10 results due this Friday, upside for shares likely to be limited, with resistance at year-to-date high of $0.875.
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Fraser & Neave +5.2% on special dividend hopes
Fraser & Neave (F99.SG) +5.2% at new 52-week high of $5.86 on hopes diversified business group may issue special dividend following recent completion of US$257.8 million ($355 million) sale of glass packaging business in Malaysia, says Dow Jones.
Company will reap estimated gain of $149 million.
“Chances of a special dividend being declared this year has increased as management shall consider returning part of the cash surplus to shareholders if there are no attractive opportunities available,” says Deutsche Bank, which has Buy call with $6.30 target.
But analyst at another foreign house more conservative: “They are more likely to conserve the cash to redevelop Starhub Centre.” F&N last week announced $380 million purchase of office property from CapitaCommercial Trust (C61U.SG), plans to turn it into residential/retail asset. Orderbook quotes tip resistance at $5.90.
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