Oil prices have rocketed in response to continued unrest in Egypt, euronews reports. Brent crude topped USD 100 a barrel on Monday for the first time since 2008 – jumping more than one percent.
Posts Tagged ‘price’
Cairo contagion fires up oil price
January 31st, 2011 |
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We’re nudging closer to $100 a barrel of crude oil. The tensions in Egypt making the news headlines are making oil traders nervous and adding to upward price pressures. But Egypt isn’t a big-scale oil producer, so why would that be? Here’s an interesting article summing it up…
Bharti Airtel is not a price point player in 3G service
January 28th, 2011 |
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Integrated mobile telephony major Bharti Airtel Ltd said Thursday that it is not a price point player though there may be price play in the company’s strategy to gain market share in the 3G service segment. “There are market segments that have different needs. Pricing plans to have to meet that. But we are not [...]
Sri Trang Agro off 10.9%; low Singapore offer price
January 26th, 2011 |
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Sri Trang Agro-Industry (STA.TH) tumbles 10.9% to THB32.75 after the rubber processor set the final offering price for its dual listing on the Singapore Exchange at $1.20/share, or THB29/share, below the maximum offer price of $1.60, amid some investor concerns about Asian markets’ relative value in recent weeks, a person familiar with the transaction tells Dow Jones.
Sri Trang Agro shares slump after setting Singapore IPO price
January 26th, 2011 |
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Sri Trang Agro-Industry Pcl shares fell the most since August 2005 in Bangkok trading after saying it will sell stock in Singapore at $1.20 a share.
The stock fell as much as 16% to 31 baht as of 11:31 a.m. local time.
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Thai Sri Trang sets Singapore IPO price at $1.20
January 26th, 2011 |
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Thailand’s Sri Trang Agro-Industry Pcl (STA.BK) said on Wednesday it had set its Singapore initial public offering price (IPO) at S$1.20 per share, some way below the maximum price of $1.60 it had announced before book-building.
The company’s shares will resume trading in Bangkok at 11:30 a.m.
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Sri Trang says to fix Singapore IPO price Tuesday
January 25th, 2011 |
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Thailand’s Sri Trang Agro-Industry Pcl (STA.BK) said it had delayed fixing a price for its Singapore IPO to Tuesday from Monday due to unfavourable market conditions.
The Thai stock exchange halted trade in Sri Trang stock for a second day on Tuesday pending a pricing announcement, the company said in a statement.
The main Thai index <.SET> fell 4.3% on Monday.
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Phillip ups target price for Cosco Corp to $2.68
January 21st, 2011 |
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Phillip Securities has raised its target price for Singapore-listed shipbuilder Cosco Corp (COSC.SI) to $2.68 from $2.32 and maintained its “buy” rating.
According to DBS Vickers, Cosco Corp could benefit from the restructuring of its parent Cosco Group, which may inject two of its shipbuilding assets into the Singapore-listed unit.
Sri-Trang Agro sets maximum offer price at $1.60 per share
January 20th, 2011 |
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Sri Trang Agro-Industry Pcl, Thailand’s biggest publicly traded rubber producer, set a maaximum offer price of $1.60 a share for its initial public offering in Singapore.
The company will raise as much as $448 million by selling 280 million shares, it said in a statement. The offer price will be fixed on Jan. 24, the company said.
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Price rise: Court issues notice to Sonia Gandhi
January 19th, 2011 |
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Congress president and United Progressive Alliance (UPA) chairperson Sonia Gandhi was Wednesday issued notice by a local court on a petition filed by a city-based NGO over the issue of price rise. Additional Chief Judicial Magistrate Anshul Berry issued a notice and fixed April 7 as the next date of hearing in the case. “The [...]
SIA +0.1%; UOB KayHian tips $14.30 entry price
January 18th, 2011 |
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Singapore Airlines (C6L.SG) +0.1% at $15.30, rebounding slightly after two sessions of declines, despite posting a decline in December overall load factor to 69.8% vs November’s 70.1%. But a meagre volume of just 97,000 shares traded suggests investors would rather wait for the carrier’s fiscal 3Q results, due Jan. 28, before taking strong positions.
Phillip starts Overseas Union Enterprise at Buy
January 17th, 2011 |
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Phillip Securities initiates coverage on Overseas Union Enterprise (LJ3.SG) at Buy with a $4.28 target price with zero premium/discount applied to RNAV, representing 18.9% upside over Friday’s closing price.
It says OUE’s revenue is strengthened with the acquisition of DBS Towers in August 2010. It notes “FY11 earnings will be further reinforced by the completion of two Grade-A office buildings – OUE Bayfront in 1Q11 and One Raffles Place Tower Two in 2H11, and recognition of sales from residential development Twin Peaks.”
STI down 0.1%; price action is “So-So†– Phillip
January 17th, 2011 |
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Singapore’s STI is off 0.1% at 3243.42, as early slight gains fade and the index continues its recent listless, rangebound trade. 277 million shares traded so far worth S$218 million, with market breadth evenly matched.
Phillip Securities says the STI “is so-so price action wise.” The house says Friday’s opening gap due to the property sector regulation was filled within the day (by banks, not so much by property) and “the daily charts do not look so clear.”
Jan 13: Ezra, Swiber, Qian Hu, Yangzijiang
January 13th, 2011 |
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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 0.1% to 3,244.94.
Ezra Holdings (EZRA SP): The provider of logistics services to the oil and gas industry said first-quarter profit declined 28% to $13.3 million from a year ago. Ezra gained 0.6% to $1.81.
Macquarie upgrades CapitaMalls Asia to Outperform
January 12th, 2011 |
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Macquarie upgrades CapitaMalls Asia (JS8.SG) to Outperform from Neutral and raises its target price to $2.24 from $2.19; it says CMA exceeded its investment targets in 2010 and house sees “no fundamental reasons for the stock price performance” (down 21% in the past 12 months and off 17% in the past three months vs +13% and +4% for STI respectively).
PM-led meet on price rise ends inconclusively
January 11th, 2011 |
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A meeting Prime Minister Manmohan Singh held with senior cabinet ministers and officials Tuesday, to discuss measures to check rising food prices, ended inconclusively. According to a senior official, the high-level meeting will take place again Wednesday or Thursday. The meeting began around 10.30 a.m. at the prime minister’s 7, Race Course Road residence. Finance [...]
DMG upgrades SGX to Buy, ups FY12 volume view
January 11th, 2011 |
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DMG upgrades Singapore Exchange (S68.SG) to Buy from Neutral and raises its target price to $9.45 from $8.33. The house says SGX’s share price underperformed over the past year, but could outperform ahead.
The house raises its fiscal FY12 average daily turnover assumption by 8% to $1.90 billion on expectations trading volumes will rise, “given increased interest in market developments in the U.S. and EU, and on the domestic front.”
Jan 11: Guocoland, Indofood Agri, Tiger Airways
January 11th, 2011 |
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The following companies may have unusual price changes in Singapore trading today. Stock symbols are in parentheses, and share prices are from the previous close. Singapore’s Straits Times Index dropped 1% to 3,229.27.
Katie Price heading for divorce?
January 10th, 2011 |
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Former model Katie Price has reportedly called in her lawyers to discuss divorce from cage-fighter husband Alex Reid. “Kate is being quite clever and is keeping Alex hanging on while she works out what to do,” dailystar.co.uk quoted a friend as saying. “That means he has stayed in the house and she knows exactly what [...]