Tuned into the new season of American Idol? Neither are we! It seems, though, we’ve been missing out on some very LOL-worthy moments, courtesy of new judge Steven Tyler. At the start of last night’s show, producers of the talent series ran an apology for Tyler’s “outrageous behavior” on a previous broadcast. The Aerosmith rocker [...]
Posts Tagged ‘READ’
“American Idol†Apologizes For Steven Tyler’s “Outrageous†Behavior
February 3rd, 2011 |
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Mercator Lines (S) rated ‘hold’ by Phillip Securities
February 2nd, 2011 |
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Phillip Securities Research in a Feb 2 research report says: “Mercator reported 3Q11 revenue of US$40.5 million (+16.9% y-o-y) and net profit of US$5.1 million (-32.4% y-o-y). Revenue was 1.0% above our estimate of US$40.1 million while net profit was 55.1% below our estimate of US$11.3 million. It also announced an interim dividend of $0.0073.
Micro-Mechanics Holdings rated ‘buy’ by OCBC
February 2nd, 2011 |
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OCBC Investment Research in a Feb 1 research report says: “Micro-Mechanics (MMH) reported its 2Q11 results with revenue increasing 17% to $11.4 million and net profit surging 149.4% to $1.8 million. The growth was driven by increased sales of its semiconductor tooling business and Custom Machining and Assembly division as a result of improved conditions.
Wing Tai Holdings rated ‘hold’ by DBS
February 2nd, 2011 |
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DBS Vickers Securities in a Feb 1 research report says: “2Q net profit jumped 142% to $54m due to progressive billings from Helios Residences and sale of 14 Belle Vue apartments in Q2, bringing take up to c.72% and 7 units at L’VIV. Associates’ income surged to $16.9 million, thanks to billings from Floridian with a further 18 units sold in the quarter (74% sold to date).
Tiger Airways Holdings rated ‘hold’ by DBS
February 2nd, 2011 |
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DBS Vickers Securities in a Feb 1 research report says: “Reported net profit of $22.6 million in 3Q-FY11 included $4.7 million non-operational exchange gains and was slightly below our expectations.
Ascendas India Trust rated ‘buy’ by Citi
February 2nd, 2011 |
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Citi Investment Research in a Jan 27 research report says: “While revenue was up 4% in INR terms due to higher maintenance/operations income, growth was flat in S$ terms, as a result of currency (Rs 33.3 vs Rs 34.5/SGD in Q3Fy10).
Global Logistic Properties rated ‘buy’ by Nomura
February 2nd, 2011 |
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Nomura Research in a Feb 1 research report says: “Recent activity/news flow in China’s logistics space suggests two emerging trends: (1) significant demand for quality modern warehouse facilities, as evident in Alibaba’s reported plans and (2) consolidation, which highlights two key ingredients for success: scale and access to capital.
Olam International upgrade to ‘oveweight’ by HSBC
February 2nd, 2011 |
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HSBC Global Research in a Jan 31 research report says: “We believe Olam’s acquisition of Britannia Food Ingredients (BFI) and its logistics business for ~US$50 million will enhance Olam’s presence in the entire cocoa supply chain by including processed cocoa products. Yet the stock has underperformed due to operational concerns from environmental and political volatility.
Feb 2: Singapore stocks set to open higher; SATS in focus
February 2nd, 2011 |
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Singapore shares may open higher on Wednesday after global markets rallied on strong manufacturing data and easing concerns about the Middle East, although volumes are expected to be light on the eve of Chinese New Year. Citigroup in a note its clients on Wednesday said ample global liquidity suggests continued Singapore dollar strength, low interest rates and buoyant commodity prices. Singapore’s benchmark Straits Times Index <.FTSTI> was up 0.16% to 3,184.74 points. Here are some stocks and factors to watch:
China Fishery Group posts 8% rise in 1Q net profit to $25m
February 2nd, 2011 |
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Mainboard-listed industrial fishing company China Fishery Group says net profit rose 7.9% y-o-y to US$19.7 million ($25 million) for the first quarter of the financial year ending 28 September 2011 (1QFY2011).
Group revenue rose 13.4% to US$115.1 million from US$101.4 million in the same period last year.
Feb 2: Cerebos Pacific, SATS, Tuan Sing
February 1st, 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 0.2% 3,184.74.
Cerebos Pacific (CER SP): The maker of Brand’s Essence of Chicken health tonic said net income in the three months ended December rose 16% to $42.6 million from a year earlier. The shares lost 1.2% to $4.87.
PopCrunch’s 100 Hottest Women of 2011
February 1st, 2011 |
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Welcome to our third annual PopCrunch 100 Hottest Women. This is easily one of our most popular annual traditions, and in previous years we have crowned Minka Kelly (2009) and January Jones (2010) as the hottest women in the world. Read on to see who takes the top spot for 2011. 100. Carrie Underwood Carrie [...]
Tuan Sing posts 53% rise in full-year net profit to $68.2m
February 1st, 2011 |
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Tuan Sing Holdings says it posted a net profit after tax attributable to shareholders of $68.2 million for the year ended 31 December 2010, an increase of 53% compared to last year.
Property generated profit after tax of $52.3 million, driven by strong sales and profit recognition on Lakeside Ville Phase III in Shanghai and a fair value gain of $28.6 million largely from investment properties in Singapore.
STI gains 0.2% to 3,184.74 at closing
February 1st, 2011 |
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Singapore’s Straits Times Index gained 0.2% to 3,184.74 at the close. Four stocks advanced for every three that fell in the benchmark index of 30 companies.
Shares on the measure trade at an average 14.5 times estimated earnings, compared with about 15.6 times at the end of 2010, according to data compiled by Bloomberg. The following shares were among the most active in the market.
Assif Shameen: Glencore listing will boost Noble and Olam
February 1st, 2011 |
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JUST WHEN YOU thought the petty tit for tat between the Singapore and Hong Kong bourses was over, there is more. Less than a week after Singapore Exchange snatched the listing of Hong Kong billionaire Li Ka-shing’s ports assets of Hutchison Whampoa as a business trust, the Hong Kong Exchange leaked out word that Switzerland- based global commodities giant Glencore International AG was seeking a listing there by June. The IPO of the metals-to-agricultural commodities group is likely to raise up to US$2.5 billion ($3.2 billion) in Hong Kong as part of a US$10 billion IPO and a dual listing in London.
HSBC upgrades Olam to Overweight; $3.63 target
February 1st, 2011 |
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HSBC upgrades Olam International (O32.SG) to Overweight from Neutral, and keeps its target at $3.63. The house says Olam’s acquisition of Britannia Food Ingredients and its logistics business for around US$50 million ($63.9 million) will enhance Olam’s presence in the entire cocoa supply chain by including processed cocoa products.
United Fiber System – Corporate moves
February 1st, 2011 |
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Eddy has been appointed non-ED wef Jan 25
Work experience: Finance & accounting division head, Sinarmas Mining Division, PT Kuansing Inti Makmer; vice director funding & legal affairs, Sinarmas Forestry & Mining Division, PT Arara Abadi
Raffles Education Corp – Corporate moves
February 1st, 2011 |
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Chew Kok Chor has been appointe ED wef Jan 24
Work experience: Deputy CEO, Raffles Education Corp Group; COO, Raffles Education Corp Group
Profit gain in Singapore bunkers may jump 24%: energy markets
February 1st, 2011 |
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The profit traders can get from selling shipping fuel in Singapore, the world’s second-busiest container port, may rise 24% in 2011 after the worst slump in at least two years, a Bloomberg News survey showed.
Sellers of 380-centistoke fuel oil, or bunkers, will receive an average US$4.20 ($5.37) a metric ton more than what they pay for the cargoes in Singapore this year, according to the median estimate in a survey of six traders conducted Jan. 24-27. The difference, known as the bunkers premium, shrank to an average US$3.40 a ton last year from US$5.92 in 2009 and $12.14 in 2008, according to data compiled by Bloomberg.
STI gains 0.3% to 3,188.65 at trading break
February 1st, 2011 |
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Singapore’s Straits Times Index gained 0.3% to 3,188.65 as of the 12:30 p.m. trading break. Two stocks advanced for each that fell in the benchmark index of 30 companies.
Shares on the measure trade at an average 14.6 times estimated earnings, compared with about 15.6 times at the end of 2010, according to data compiled by Bloomberg. The following shares were among the most active in the market.