There were three transactions at Queens on Jan 4, with prices ranging from $1,055 to $1,148 psf. A 1,194.8 sq ft, three-bedroom unit on the 9th floor changed hands at $1.26 million ($1,055 psf). That’s a 48% gain for the previous owner who bought the unit for $850,000 ($711 psf) in 2000. Your guide to condo and landed property deals. Plus: The latest home loans on offer.
The following companies may have unusual price changes in Singapore trading. Stock symbols are in parentheses, and share prices are from the previous close. Singapore’s Straits Times Index gained 0.3% to 3,229.69.
Biosensors International Group (BIG SP): The maker of drug-coated stents used to treat blocked arteries said third-quarter profit rose 8% to $13.3 million a from a year earlier. The stock was unchanged at $1.14.
Singapore shares are likely to fall on Monday as anti-government rioting in Egypt prompts investors to flee emerging markets and put their money in less risky assets. Singapore’s benchmark Straits Times Index <.FTSTI> rose 0.31% on Friday to 3,229.69 points.
Here are some stocks and factors to watch:
Singapore Airlines (SIAL.SI), the world’s second largest airline by market value, may be in focus after it reported lower third quarter net profit, hit by provisions for fines as well as a settlement with US authorities on cargo price-fixing charges.
The International Cricket Council (ICC) Saturday turned down the Indian cricket board’s request to reconsider its decision of taking away the India-England World Cup match from the Eden Gardens Stadium in Kolkata. The ICC rejected the plea since there was no guarantee from the Cricket Association of Bengal (CAB) whether the stadium would be ready [...]
1938: German race car driver Bernd Rosemeyer drives his Auto Union streamliner to the unheard-of speed of 268.432 mph on a stretch of autobahn between Frankfurt and Darmstadt. Never before has anyone driven so fast, and never again has someone gone so fast on a public road.
Rosemeyer was behind the wheel of an Auto Union, [...]
The following companies may have unusual price changes in Singapore trading. Stock symbols are in parentheses, and share prices are from the previous close. Singapore’s Straits Times Index was little changed at 3,219.83.
CapitaLand (CAPL SP): Southeast Asia’s biggest developer said it has agreed to buy a residential property in eastern Singapore for $100.7 million . The property will be redeveloped into a condominium with 150 units, comprising of one-bedroom and two-bedroom apartments. CapitaLand slipped 1.1% to $3.65.
Singapore shares may be see a weak start on Friday after rating agency Standard & Poor’s cut Japan’s long-term debt rating, sending the yen (JPY=) lower, but gains on Wall Street overnight may provide some support.
Singapore’s benchmark Straits Times Index <.FTSTI> closed 0.03% lower on Thursday at 3,219.83 points. Here are some stocks and factors to watch:
1967: Gus Grissom, Ed White and Roger Chaffee are killed on the launch pad when a flash fire engulfs their command module during testing for the first Apollo-Saturn mission. They are the first U.S. astronauts to die in a spacecraft.
The command module, built by North American Aviation, was the prototype for those that would eventually [...]
DMG & Partners Securities in a Jan 25 research report says: “Controlling shareholder, Eight Capital Inc., is selling 75 million of its First Resources’ shares (bringing its stake down from 74% to 68.2%) and FR is selling 15 million treasury shares, at $1.48 per share (8.1% discount to 19 Jan’s close).
MONDAY, JAN 31
Singapore
Bank Loans & Advances (y-o-y, Dec)
M1 Money Supply (y-o-y, Dec)
M2 Money Supply (y-o-y, Dec)
Unemployment Rate (4Q)
The following companies may have unusual price changes in Singapore trading. Stock symbols are in parentheses, and share prices are from the previous close. Singapore’s Straits Times Index climbed 1.3% to 3,220.78.
Ascendas India Trust (AIT SP): The operator of business parks in India said third-quarter income for distribution fell 7% to $13.2 million from a year ago. The stock gained 0.5% to 96 cents.
Singapore shares may open slightly higher on Thursday, following gains on Wall Street overnight, but a tepid view of the economy from the Federal Reserve may weigh on investor confidence.
Singapore’s benchmark Straits Times Index <.FTSTI> rose 1.25% at 3,220.78 points.
Here are some stocks to watch:
The following companies may have unusual price changes in Singapore trading. Stock symbols are in parentheses, and share prices are from the previous close. Singapore’s Straits Times Index lost 0.1% to 3,181.15.
Fortune Real Estate Investment Trust (FRT SP): The Hong Kong-based shopping mall operator said fourth-quarter income for distribution increased 11% to HK$105.7 million ($17.4 million) from a year ago. The stock was unchanged at HK$4.05.
Singapore shares are likely to see a weak start on Wednesday after most Wall Street indices were flat overnight, as a surprise contraction in the British economy shook investors’ confidence. Singapore’s benchmark Straits Times Index <.FTSTI> fell 0.14% on Tuesday to 3,181.15 points. Here are some stocks and factors to watch:
1921: A play about robots premieres at the National Theater in Prague, the capital of what was then Czechoslovakia.
R.U.R, (which stands for Rossum’s Universal Robots) by Karel Capek, marks the first use of the word “robot” to describe an artificial person. Capek invented the term, basing it on the Czech word for “forced labor.” (Robot [...]
The following companies may have unusual price changes in Singapore trading. Stock symbols are in parentheses, and share prices are from the previous close. Singapore’s Straits Times Index was little changed at 3,185.76.
Boustead Singapore (BOCS SP): The provider of engineering services said its Boustead Salcon Water Solutions Pte. won a $25 million contract to build a water demineralization plant for a unit of Tuas Power, a supplier of electricity in Singapore. The stock was unchanged at $1.12.
Singapore shares may climb higher on Tuesday after Wall Street indices closed up overnight as confidence returned in the global economy’s growth prospects.
Singapore’s benchmark Straits Times Index <.FTSTI> closed up 0.04% at 3,185.76 on Monday.
Here are some stocks and factors to watch:
Keppel Land (KLAN.SI), Singapore’s third-largest property developer, may be in focus after it posted an eight-fold rise in fourth quarter net profit, helped by a $363.8 million one-time gain from the sale of its one-third interest in a large office project.
Singapore’s ComfortDelGro (CMDG.SI) said its subsidiary in China has been awarded 800 new taxi licences by the Chengdu Municipal government, making it the second largest taxi operator in the city with 1,050 taxis.
Electronics contract manufacturer Valuetronics (VLUE.SI) said on Tuesday its net profit for the three months ended December more than doubled to HK$31.6 million ($674,000) from HK$13.5 million a year earlier, due to stronger orders from its customers.
Boustead Singapore (BTSS.SI) said its wholly-owned subsidiary won a $25 million contract to design, engineeer and construct a demineralisation plant in Singapore.
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1935: The first canned beer in the United States goes on sale in Richmond, Virginia. By the end of the year, 37 breweries follow the lead of the Gottfried Krueger Brewery.
The American Can Co. began experimenting with canned beer in 1909. But the cans couldn’t withstand the pressure from carbonation — up to 80 [...]
The following companies may have unusual price changes in Singapore trading. Stock symbols are in parentheses, and share prices are from the previous close. Singapore’s Straits Times Index dropped 0.7% to 3,184.60.
Singapore’s Keppel Corp (KPLM.SI), the world’s largest builder of oil rigs, said on Sunday it has secured an order from Clearwater Capital Partners to build two jackup rigs for US$360 million ($462 million). Keppel Corp. fell 1.2% to $11.36.
Weekend Comment Jan 28: SIA disappoints
The full-service carrier reported a disappointing set of third quarter results after the market closed on Jan 28, falling short of the average profit estimates of analysts tracked by Bloomberg. For the three months ending Dec 31, SIA posted a 29% y-o-y fall in net income to $288.3 million, after it booked charges of as much as $199 million relating to antitrust cargo fines.
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