Goodpack (G05.SG) +1.1% at 2-month high of $1.76, expected to end up for third straight day, on continued optimism in demand for company’s intermediate bulk containers, says Dow Jones.
Expectations reinforced by recent establishment of US$300 million ($417 million) multi-currency medium-term note program to fund working capital, capex needs.
Analysts are divided on Golden Agri-Resources’ (E5H.SG) foray into food business via US$142.8 million ($197 million) purchase of sister firm Asia Food & Properties’ (A26.SG) China-based noodles production business, says Dow Jones.
“We are positive on the latest development as it is in line with its stated strategy to expand its distribution reach in China,” says OCBC’s Carey Wong, who has Buy call with $0.72 target.
Olam International, the global, integrated supply chain manager and processor of agricultural products and food ingredients, says the company will acquire the dehydrated and vegetable products business and operating assets of Gilroy Foods & Flavors from ConAgra Foods, Inc., including its dehydrated onion, garlic, capsicum, Controlled Moisture vegetables, GardenFrost purees, RediMade shelf-stable purees and fresh vegetable operations, for US$250 million ($354 million).
ComfortDelgro (C52.SG) is off 0.7% at $1.48 in thin trade as mild 1Q10 profit growth not enough to draw buyers, according to Dow Jones.
“We believe the upcoming revamp of the bus networks in Singapore will squeeze margins (while) the company’s various overseas investments will bring additional forex risks which are not compensated by stronger earnings growth prospects,” says Royal Bank of Scotland, which has a Sell call with $1.35 target.
There will be no photographing, joint statements, or indication of functions at the EU-Western Balkans conference in Sarajevo in June. UN mission in Kosovo, UNMIK, representatives will be present, according to Belgrade daily Danas.
Keppel Land’s (K17.SG) 1Q10 earnings improvement helping share price retain gains, outperform other developers, according to Dow Jones.
The stock is up 2.2% at $3.74 vs FTSE ST Real Estate Holding & Development Index +0.4%. Still, price unlikely to test recent year-to-date high of $3.85 for rest of session, based on orderbook quotes.
Fraser & Neave (F99.SG) is off 0.2% at $4.65, succumbing to mild profit-taking after Friday’s run-up to 21-month high of $4.66, says DBS Vickers, according to Dow Jones.
The stock one of this year’s best performers among blue chips, rising 11% since beginning January vs STI down 0.3% over same period, driven by strong food & beverage business, expectations demand for conglomerate’s Singapore residential projects will remain resilient despite recent government moves to cool property market.
Fraser & Neave (F99.SG) is up 2.7% at 20-month high of $4.57, extending recent solid gains since bottoming out at $3.71 in early February.
“The main driver for the stock in the last one, two months is their F&B business, pretty much their consumer business,” an analyst at foreign brokerage told Dow Jones Newswires. F&B, property arms accounted for bulk of F&N’s $135.6 million earnings for December quarter.
Oracle announces the availability of Oracle Enterprise Manager Ops Center, which gives IT administrators a platform for making use of physical and virtual Sun Microsystems environments, along with Enterprise Manager Management Connector for Ops Center, which provides viewpoints into underlying Sun servers, Oracle Solaris and related virtualization. Oracle is working on integrating Sun assets into its technology base due to its $7.4 billion acquisition of the company, even as it continues to release new applications for its various software platforms.
– Oracle announced March 16 the availability of its Oracle
Enterprise Manager Ops Center,
a platform for using physical and virtual Sun Microsystems environments. The
announcement reflects what will surely be a period of Oracle focus on
integrating Sun’s assets into the company’s portfolio, as tha…
eWEEK Labs’ exclusive hands-on tests show that Cisco’s UCS (Unified Computing System) combines high-end hardware with integrated management software to create a data center computing platform capable of hosting high-value applications, despite some Version 1.0 flaws.
– The Cisco Unified Computing System combines high-end hardware with integrated management software to create a data center computing platform capable of hosting high-value applications.
Cisco UCS was announced in March and started shipping at the end of July. The system I tested has a manufacturers …
KABUL — Local Taliban commanders threatened Thursday to kill a captured American soldier unless the U.S. military stops operations in two districts of southeastern Afghanistan.
The Taliban claimed last week to be holding the soldier, wh…
