ICT magazine

Amazon.com has revealed “Kindle for Mac” application which enables readers over the world to enjoy reading Kindle books for free of cost at their Mac computers. The Kindle Store in US presently provides around 450,000 books that include New Releases and 102 of 111 New York Times Bestsellers. Thus ...

Keppel Offshore & Marine has joined hands with State Oil Company of Azerbaijan Republic (SOCAR) and Azerbaijan Investment Company (AIC) to develop and manage a new 52-ha shipbuilding and shiprepair facility in Baku, Azerbaijan. Read more...

Singapore shares ended flat Friday as a late fall in DBS Group Holdings’ share price after the resignation of its chairman offset earlier gains made on strengthening convictions that US interest rates will stay lower for longer. The benchmark Straits Times Index ended up a mere 1.76 points at ...

Singapore’s Straits Times Index was little changed at 2,915.70 at the close. The measure advanced 1.2% this week, its third weekly gain. Four stocks fell for every three shares that rose on the 30-member gauge. Shares on the measure trade at 15.2 times estimated earnings, compared with about 17.5 times ...

Morgan Stanley expects SingTel’s (Z74.SG) share price to fall in absolute terms over the next 60 days, reported Dow Jones Newswires. The broker says this is because the stock has traded up recently, making the short term valuation much less attractive. Notes that the share prices of SingTel’s key ...

Genting Singapore (G13.SG) is up 1.1% at 95 cents, rebounding slightly following 2.6% drop yesterday, but investors are unlikely to make big bet on stock until there is more clarity on how recently-opened casino and theme park are faring, reported Dow Jones Newswires. Resistance is tipped at this week’s intraday ...

Singapore Exchange (S68.SG) succumbs to profit-taking after climbing to 7-week high of $8.10 in early trade. Its shares are up 0.5% at $8.08 and may be able to hold above $8 for rest of session as current selling not widespread given light volume, reported Dow Jones Newswires. Read more...

JPMorgan has raised CapitaCommercial Trust’s (C61U.SG) target price to $1.15 from $1.10 on higher earnings estimates but maintaining its “neutral” rating, reported Dow Jones. The broker has raised FY10-FY12 earnings forecasts by 7–13% to factor in lower borrowing costs as a result of recently announced convertible bond issue as ...

Aviva Investors, the asset management arm of British insurer Aviva (AV.L), plans to expand in Asia-Pacific by hiring bond and equity fund managers in Singapore and setting up a sales offices in Japan.  Aviva Investors intends to set up a regional asset management firm in Singapore and will hire ...

Singapore shares head towards highest close since Jan 11 in quiet session as US futures provide little in way of lead (DJIA down 6 points); STI +0.4% at 2,926.49 with resistance tipped at current 2010 intraday high of 2,947, reported Dow Jones Newswires. Read more...

Goodpack (G05.SG) is up 2.5% at $1.66 in active trade as investors increasingly hopeful of outlook amid rising demand for company’s bulk containers, reported Dow Jones Newswires. “We have examined various data points, which suggest the demand for natural and synthetic rubber is poised for a strong turnaround, as the ...

PT Berlian Laju Tanker, Indonesia’s biggest shipping company, withdrew an offer valued at about US$160 million ($223 million) to buy Camillo Eitzen & Co. after failing to agree on terms, says Bloomberg. Read more...

SIAS Research starts C&O Pharmaceutical Technology (E92.SG) with an “increase exposure” call and 45.6 cents target price, reported Dow Jones Newswires. Read more...

Singapore Exchange (SGX) (SGXL.SI) said on Friday it would launch trade in a new robusta coffee futures contract on April 22 to capitalise on Southeast Asia's top market status for the commodity.    “The launch of SICOM Coffee is timely, as Southeast Asia has grown to become the largest producer and exporter ...

Aviva Investors, the fund management arm of British insurer Aviva (AV.L), plans to hire asset managers in Singapore and set up sales offices in Japan and Saudi Arabia to grow its regional business, its Asia Pacific CEO said on Friday.  Read more...

Singapore Exchange (SGX) (SGXL.SI) said on Friday it would launch trade in a new robusta coffee futures contract on April 22. Read more...

Singapore’s Straits Times Index gained 0.3% to 2,923.77 as of the 12:30 p.m. trading break. The measure was set for a 1.5% advance this week. Almost three stocks rose for every two shares that fell on the 30-member gauge.   Shares on the measure trade at 15.2 times estimated earnings, compared with ...

Singapore shares remain supported by brighter macro picture amid hopes that US interest rates to stay low for some time and Greece debt, China tightening worries manageable, reported Dow Jones Newswires. Read more...

Sembcorp Marine (S51.SG) last rose 1.2% to $4.07 after news of $550 million contract win, gains fairly muted as rigbuilder still has long way to go to meet market expectations for full-year order wins. Read more...

OCBC Investment Research has upgraded CapitaCommercial Trust (C61U.SG) to “buy” from “hold”, lifting its target price to $1.19 from $1.16 after increasing FY10 DPU estimate by 6% to reflect lower cost of debt, reported Dow Jones Newswires. Read more...