Frasers Commercial Trust (A48U.SG) is down 2.9% at S$0.170, in hefty volume of 23.6 million shares, after reporting 1Q FY11 gross revenue of $29.0 million, down 2.3% on year and off 1.1% on quarter, which was mainly on lower contribution from Cosmo Plaza due to the expiry of a significant tenancy in August 2010.
Posts Tagged ‘positive’
Frasers Commercial Trust off 2.9%; cosmo divestment positive – OCBC
January 27th, 2011 |
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ComfortDelGro Chengdu taxi news positive
January 25th, 2011 |
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ComfortDelGro (C52.SG) is flat at $1.62 with 655,000 shares traded in a muted reaction to news its wholly-owned Chengdu subsidiary has been awarded 800 new taxi licences by the Chengdu Municipal Government, making it the second largest operator in Chengdu with 1050 taxis.
JPMorgan, which has an Overweight rating and $2.00 target price says the addition of 800 taxis “implies an 8% increase in its China taxi fleet and is positive.”
Keppel Land +2.0%; FY10 results positive – OCBC
January 25th, 2011 |
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Keppel Land (K17.SG) opens +2.0% at $4.66 after it reports an eight-fold on-year increase in 4Q net profit to $841 million, mainly due to a $363.8 million divestment gain from its stake in Marina Bay Financial Centre Phase 1 and fair value gains of $442.7 million from investment properties.
OCBC, which has its previous Buy rating and $4.50 fair value under review, says the FY10 results were positive, notwithstanding the bumper gains.
SAA ratification positive stimulus
January 19th, 2011 |
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According to the first reactions, adoption of Serbia’s Stabilization and Association Agreement (SAA) is a positive stimulus for further EU integration.
Serbian PM Mirko Cvetković has stated he expects that the SAA ratification would encourage other EU member states that still have not ratified the SAA to do so.
Noble +4.0%; Recent developments positive – Kim Eng
January 11th, 2011 |
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Noble Group (N21.SG) +4.0% at $2.34, in heavy volume of 49 million shares, rising steeply after the lunch break when 65%â€owned Gloucester Coal said its Gloucester basin open cut mining operations, 100 km north of Newcastle, have not been materially impacted by adverse weather on Australia’s east coast.
Today’s rise continues the stellar 15.7% gain from December 20’s close of $2.04, just before Noble announced its US$950 million ($1.23 billion) acquisition of two sugar cane mills in Brazil.
India’s rise welcomed as positive factor: PM
January 8th, 2011 |
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Prime Minister Manmohan Singh Saturday said the world expected India to play a more important role in the global polity and economy as the country’s rise as an emerging nation was seen as a positive factor in international relations. “The world expects India to play a more important role in the management of global polity [...]
Sensex opens 58 points up on positive global cues
December 22nd, 2010 |
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A benchmark index of Indian equities opened 50 points higher Wednesday, taking positive cues from global stocks. The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE) opened at 20,118.82 points, up 58.50 points from the previous close, after gaining nearly one percent Tuesday. At the National Stock Exchange C&X Nifty also opened in [...]
Noble Group +2.5%; Brazil mills deemed positive
December 21st, 2010 |
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Noble Group (N21.SG) is +2.5% at $2.09 on the prospect of a boost to earnings from 2 sugar cane mills in Brazil it’s paying US$950 million ($1.25 billion) to acquire.
Both mills generated a combined net profit of $64.9 million for the FY ended April.
DMG, which has a Buy call with a $2.58 target, says while the consideration is expensive as it’s priced at 25x P/E, the move is positive, with rising sugar prices suggesting stronger earnings prospects.
Yangzijiang +0.5%; DMG positive on JZME buy plan
December 17th, 2010 |
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Yangzijiang (BS6.SG) is up 1.1% at $1.91 after the shipbuilder says it has entered an agreement to acquire 100% of Jiangsu Zhongzhou Marine Equipment — which owns shipbuilding facilities of 350,000 square metre yard space, 430 metre deep water coast line — for RMB420 million ($82.7 million) (implied P/E of 7.7x and 1.2x NAV).
DBS’s RBS China buy is small but positive: JPMorgan
December 15th, 2010 |
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DBS’ (D05.SG) acquisition of RBS’ China assets is a small but positive transaction which involves the right geography and is part of the Singapore bank’s strategy to generate 30% of group revenue from Greater China, says JPMorgan, which has an Overweight call and a $18.00 target.
CIMB positive on containers; NOL top pick
December 15th, 2010 |
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CIMB maintains its Overweight stance on container shipping, as “order book relative to the existing fleet is light compared to the bulk and tanker sectors.”
Though the house expects an interim dip in freight rates in 2011 after a strong 2010, “rates should move up again in 2012 and beyond as supply growth is set to moderate and demand growth will pick up pace.”
Ezra +2.4%; DMG tips positive contract newsflow
December 15th, 2010 |
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Ezra (5DN.SG) is +2.4% at $1.71, a three-week high, as it continues to recover from a nearly seven-month low of $1.63 touched earlier in December.
The offshore oil and gas support company has underperformed peers, down 8.2% since 2H10’s start, compared with the FTSE ST Oil & Gas Index’s +23.8%, partly on disappointment with its quarterly results and the company’s persistent delays in taking delivery of new vessels.
Midas +0.5%; New plant positive: DBSV; XinRen +2.5%
November 26th, 2010 |
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Midas (5EN.SG) +0.5% at $0.940 after announcing plan for new production plant in Henan with proposed 30,000 tons aluminium alloy extrusions per year capacity.
News also perhaps benefiting another China-based aluminium play — new listing XinRen (MN5.SG), +2.5% at $0.405, top traded today on SGX, though still well below $0.55 IPO price — as bolsters view that China’s hefty infrastructure investment, robust economic growth will underpin demand for metal.
Land sales positive for office, hotels: Credit Suisse
November 26th, 2010 |
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Credit Suisse says Singapore government’s 1H11 land sale programme neutral for residential, positive for office, hotels.
“While the government released another aggressive land sale program for 1H11, with a total residential supply of 14,300 units, 3.0% above the 2H10 record, the confirmed list was similar to 2H10’s 8,125 units, suggesting that the government does not want prices to collapse from oversupply.”
Viking Offshore +7.9%; Outlook positive: OCBC
November 25th, 2010 |
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Viking Offshore & Marine (557.SG) +7.9% at $0.205, volume surges to 6.7 million shares after company says yesterday it expects FY10 revenue of over $100 million vs $37.6 million year ago, net profit of $10.5 million-$12.0 million vs $1.0 million.
Improvement due to full year contributions from Viking Airtech, first-time contributions from newly acquired subsidiaries. OCBC, which has Buy rating, $0.32 fair value, says FY10 improvement not surprising given series of acquisitions; notes leveraging on acquired businesses for further efficiencies, synergies “essential for the group to differentiate itself from the rest.”
Adds, outlook for group turning more positive with recovery in rig orders at Sembcorp Marine (S51.SG), Keppel (BN4.SG); “we note that Viking has obtained work from both companies before.” Also notes China’s shipbuilding market in China, where Viking expected to expand, “still showing strong growth.” Near term resistance likely at September high of $0.22.
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Hague report “objective, mostly positive”
November 24th, 2010 |
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Government Hague cooperation office chief Dušan Ignjatović says the new report of Hague Chief Prosecutor Serge Brammertz is objective and mainly positive.
“At this point it was not possible for Serbia to get a better report considering that the two remaining Hague fugitives are not arrested yet,” Ignjatović told RTS in Belgrade late on Tuesday.
A-REIT’s enlarged scope likely long-term positive
November 23rd, 2010 |
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Ascendas REIT’s (A17U.SG) decision to widen investment scope beyond Singapore to explore Asian acquisition opportunities not expected to move unit price much near term as work still in progress.
Still, strategy could pay off in longer haul given stiff competition locally, increasingly challenging conditions for acquiring yield-accretive assets. In bid to enlarge portfolio, industrial REIT says actively eyeing China opportunities, set up Shanghai representative office.
Current business stable, earnings profile backed by long-, short-term leases accounting for weighted average lease to expiry of 5 years. But for property income to grow beyond current single-digit rate, acquisition-driven strategy beyond Singapore may need consideration.
Current portfolio of 92 assets worth $4.8 billion vs 8 properties worth $636 million during inception in 2002. Resistance at current $2.18 November high, support at last week’s $2.02 low.
Stock flat at $2.10.
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Serbian prosecutor expects positive report
November 16th, 2010 |
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Serbian war crimes prosecutor Vladimir VukÄević expressed expectation that Serge Brammertz’s report on Serbia’s cooperation will be positive. The chief Hague prosecutor was in Belgrade on Monday, and his report is due before the UN Security Council in December.
Jardine Matheson says ‘positive trends’ have continued
November 10th, 2010 |
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Jardine Matheson Holdings said the “positive trends seen in the first half of the year continued across many of the group’s markets,” according to a statement issued by the company today.
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Tapping the Positive from Social Networks for Enterprise Collaboration
November 9th, 2010 |
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Collaboration tools with social features provide a powerful foundation for sharing information and linking experts within your organization. – Social networking and user-contributed content have taken
the Internet by storm as evidenced by the popularity of MySpace, Facebook,
YouTube, Flickr, LinkedIn, Wikipedia and Twitter. Earlier this year, we looked
at the security risks of social networking on public sites. But that’s not the
whole…