HSBC Global Research in a Jan 31 research report says: “We believe Olam’s acquisition of Britannia Food Ingredients (BFI) and its logistics business for ~US$50 million will enhance Olam’s presence in the entire cocoa supply chain by including processed cocoa products. Yet the stock has underperformed due to operational concerns from environmental and political volatility.
Posts Tagged ‘International’
Lasseters International posts half-year loss of $1m
January 31st, 2011 |
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Lasseters International Holdings reported a 16% increase in revenues to A$42.4 million ($54 million) and a loss of A$789,000 for the six months ended Dec 31, 2010. The company had reported earnings of A$164,000 in the same period last year. Lasseters says it continues to be impacted by the poor performance of the Cypress Lake Group, which is in the resorts, spas and health retreats business.
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BNP Paribas starts Mewah International at Buy
January 31st, 2011 |
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BNP Paribas starts Mewah International (MV4.SG) at Buy with a $1.33 target price. It says Mewah — Malaysia’s second-largest palm oil refiner and sixth-largest globally — has modern plants with state-of-the-art equipment, uses computerised process control and robotic system-storage facilities:
Fund manager Janus names international head, to boost Singapore operations
January 27th, 2011 |
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U.S. fund manager Janus on Thursday named Augustus Cheh as president of non-U.S. business arm Janus Capital International and said it also will base a fund manager in Singapore as part of a plan to grow its global operations.
Cheh, formerly CEO of AllianceBernstein Hong Kong, will take up his new position at Janus effective March 29. He will be based in Hong Kong.
Singapore Post names CEOs for postal & corporate, international
January 27th, 2011 |
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Singapore Post named Ng Hin Lee chief executive officer of postal and corporate services and appointed Wolfgang Baier as international CEO.
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Osim International 4Q net income doubles, sales fall
January 26th, 2011 |
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Osim International said its fourth-quarter net income more than doubled to $17 million from $8 million a year earlier.
Sales in the quarter declined 6% to $133 million from $141 million, the company said in a statement to the Singapore stock exchange today.
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Feith: Kosovo needs credible government
January 14th, 2011 |
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International Civilian Office (ICO) Head Pieter Feith said Friday that he expected that people under investigation would not be part of a new Kosovo government.
He explained that it would undermine Kosovo’s credibility and reputation in Brussels and Washington, and added that he was concerned over Kosovo’s stand regarding CoE rapporteur Dick Marty’s report.
Olam International sells $150m of 2.125% notes due 2012
January 14th, 2011 |
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Olam International., a commodity supplier backed by Singapore’s Temasek Holdings, sold $150 million of 2.125 percent notes due January 2012, according to data compiled by Bloomberg.
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“Kosovo needs credible governmentâ€
January 8th, 2011 |
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International Civilian Representative in Kosovo Pieter Feith says that Kosovo needs a new, credible government which will be ready to face the challenges.
He said that the December elections were held in a generally constructive atmosphere but that there had been some irregularities.
TEE International posts 54% rise in half-year net profit to $6.9m
January 6th, 2011 |
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Mainboard-listed TEE International, the engineering and integrated real estate and facilities management group, says net profit after tax increased 53.6% to $6.9 million for the six months ended 30 November 2010 (HY2011) from $4.5 million in HY2010.
Revenue for HY2011 surged 222.3% to $114.1 million compared with $35.4 million registered in the same period last year due to ongoing large-scale and new projects awarded to the group.
International rankings: Wrong numbers
January 6th, 2011 |
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Global league tables are interesting, but not always reliable
MEASURING things is hard. Counting mentions of them is easy. Google’s new search tool Ngram Viewer lets users find out how often a word occurs in the millions of books the firm has scanned. It also helps analyse the salience of abstract ideas—corruption, say—in different languages and places (see chart).
Lots of new numbers will be grist to the mills of those who compile international rankings. The hunger for crunchy comparisons of everything from venality to brainpower is huge and growing, not least among media such as this newspaper. It is tempting to try and pin ideas down by turning them into figures. Such measures can be handy. But they have serious flaws. …
TT Int’l down on report of Boustead pullout
December 21st, 2010 |
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Shares of Singapore electronics retailer TT International <TINL.SI> fell as much as 14.3% on Tuesday after the local press reported that Boustead Singapore <BTSS.SI> has pulled out of a plan for a joint warehouse project.
TT International shares fell 14.3% to $0.03 on a volume of 615,000 shares before it requested a trading halt.
LMA International NV in advanced negotiations to acquire US medical device manufacturer and …
December 20th, 2010 |
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Mainboard-listed LMA International NV, the provider of supraglottic airway management devices, says it is in advanced talks to acquire Wolfe Tory Medical, a Salt Lake City, Utah-based manufacturer and distributor of medical devices.
The expected cash consideration for the acquisition is US$13.1 million ($17.3 million), plus additional deferred payments based on the 2012 trailing sales of two new products that will be introduced in 2011. But the proposed acquisition will not include Wolfe Tory Medical’s critical care product, AbViser.
Eu Yan Sang Hong Kong unit acquires 90% stake in Yan Sang Biotechnology Company
December 17th, 2010 |
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Eu Yan Sang International says wholly-owned subsidiary in Hong Kong, Eu Yan Sang (Hong Kong) Limited has acquired 90% interest in Yan Sang Biotechnology Company for HK$6.12 million ($1.03 million).
Rabobank International – Corporate moves
December 9th, 2010 |
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Anand Batepati has been appointed head, Multi Asset Structuring, Asia wef October 2010
Work experience: Director, equities structuring, HSBC; VP, equities & hybrids structuring, Bear Stearns, London
Osim International rated ‘buy’ by DMG
December 6th, 2010 |
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DMG & Partners Securities in a Dec 3 research report says: “OSIM plans to offer and list Taiwan Depository Receipts (TDRs) on the Taiwan Stock Exchange (TSE).
Olam International rated ‘buy’ by DBS
December 6th, 2010 |
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DBS Vickers Securities in a Dec 3 research report says: “Olam announced its intention to set up a Nigerian port-based (i.e. on Tincan Island, Lagos) sugar refinery with Lababidi Group under a 80:20 JV. The total project would cost c.US$200 million to be developed over 3 years between FY2011 to FY2013.