Singapore Airlines (C6L.SG) is likely to report 3Q net profit of $371 million from $403.7 million a year earlier as the carrier is likely to provide for a fine for price fixing on air cargo shipments, according to a Dow Jones Newswires poll of five analysts.
Posts Tagged ‘READ’
Noble +0.9%; poised for more upside
January 27th, 2011 |
No Comments
Noble Group (N21.SG) rises 0.9% to S$2.25, extending yesterday’s 2.8% gain after a four-session losing streak, which Kim Eng says has pulled shortâ€term momentum indicators into oversold levels.
The house adds, the stock “looks poised to attempt the upside again following the recent correction.” It tips resistance at $2.40, and then $2.50, with support at $2.10, and then $2.00.
First Resources rated ‘hold’ by DMG
January 27th, 2011 |
No Comments
DMG & Partners Securities in a Jan 25 research report says: “Controlling shareholder, Eight Capital Inc., is selling 75 million of its First Resources’ shares (bringing its stake down from 74% to 68.2%) and FR is selling 15 million treasury shares, at $1.48 per share (8.1% discount to 19 Jan’s close).
Jan 31-Feb 4
January 27th, 2011 |
No Comments
MONDAY, JAN 31
Singapore
Bank Loans & Advances (y-o-y, Dec)
M1 Money Supply (y-o-y, Dec)
M2 Money Supply (y-o-y, Dec)
Unemployment Rate (4Q)
STI +0.3%; rig builders rise; UOB remains cautious
January 27th, 2011 |
No Comments
The STI is +0.3% at 3231.62, extending gains in the afternoon helped by gains for rig builders after Keppel Corp. (BN4.SG) announces yet another order win.
Overall market volume is tepid at 975 million worth $953 million, with 272 gainers and 1823 decliners. After the STI made a sharp 1.2% rise yesterday, UOB KayHian says “technicals may appear to be turning positive but we advise investors not to plunge into the market.”
STI +0.3%; rig builders rise; UOB remains cautious
January 27th, 2011 |
No Comments
The STI is +0.3% at 3231.62, extending gains in the afternoon helped by gains for rig builders after Keppel Corp. (BN4.SG) announces yet another order win.
Overall market volume is tepid at 975 million worth $953 million, with 272 gainers and 1823 decliners. After the STI made a sharp 1.2% rise yesterday, UOB KayHian says “technicals may appear to be turning positive but we advise investors not to plunge into the market.”
Keppel +4.2%; rises further on contract win
January 27th, 2011 |
No Comments
Keppel Corp. (BN4.SG) rises further, and is up 4.2% at $12.42 vs up 3.0% at $12.28 by the midday break, after it bolsters the now-consensus bullish view over offshore & marine orders with news of another contract.
Keppel says it has secured a contract worth about US$416 million ($532 million) from Discovery Offshore to construct two harsh environment jackup rigs based on its proprietary KFELS Super A Class design.
Keppel to build two jackups worth US$416m for Discovery Offshore
January 27th, 2011 |
No Comments
Keppel FELS says it has secured a contract worth about US$416 million ($532 million) from Discovery Offshore S.A. (Discovery Offshore) to construct two harsh environment jackup rigs based on KFELS’s Super A Class design.
The rigs are scheduled for delivery in 1H and 2H 2013 respectively. The construction, marketing and operation of both units will be managed by Nasdaq-listed Hercules Offshore, Inc., which is a leading global operator of jackup and liftboat assets.
Singapore’s Li Heng says hit by China anti-dumping duties
January 27th, 2011 |
No Comments
Singapore-listed Chinese textile firm Li Heng Chemical Fibre Technologies (LHCF.SI) said on Thursday it will be hit by China’s move to impose anti-dumping duties on caprolactam imports from the United States and European Union.
Caprolactam is a major raw material used in the production of polyamide chips that Li Heng needs for its nylon yarn products.
Duke Singapore School, Inviragen to work on dengue vaccine
January 27th, 2011 |
No Comments
Duke University’s Singapore medical school agreed to work with closely held Inviragen Inc. to develop a vaccine against dengue fever, joining Sanofi Aventis SA in the quest for a shot against the deadly virus.
Shares flat at midday, China’s property curbs weigh
January 27th, 2011 |
No Comments
Singapore shares were flat at midday on Thursday, weighed by China’s fresh measures to cool the property market, but container shipping firm Neptune Orient Lines (NEPS.SI) led gains on hopes it will report strong earnings.
By the midday break, the Straits Times Index (STI) <.FTSTI> was up 3.26 points at 3,224.04. The total value of shares traded in the morning session was $838.8 million, up from $815.1 million on Wednesday.
STI +0.1% midday; Keppel, NOL gains support
January 27th, 2011 |
No Comments
The STI is +0.1% at 3224.04 midday, off its early 3208 low, helped by gains in NOL (N03.SG), which is +3.7% at $2.26 after a string of recent declines, and Keppel Corp. (BN4.SG), +3.0% at $12.28, still riding the positive reaction to 4Q results Tuesday.
Volume is modest at 874 million shares worth $817 million, with decliners and gainers evenly matched in the broad market.
Frasers Commercial Trust off 2.9%; cosmo divestment positive – OCBC
January 27th, 2011 |
No Comments
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.
STI gains 0.1% to 3,221.93 as of 11:40 a.m.
January 27th, 2011 |
No Comments
Singapore’s Straits Times Index gained 0.1% to 3,221.93 as of 11:40 a.m. local time. About the same number stocks rose as fell in the benchmark index of 30 companies.
Shares on the measure trade at an average 14.7 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.
Yanlord falls on China property measures
January 27th, 2011 |
No Comments
Shares of Singapore-listed Chinese property developer Yanlord Land (YNLG.SI) fell as much as 3% to a seven-month low on Thursday after China unveiled fresh measures to curb property prices.
At 11:50 a.m., shares of Yanlord were 2.4% lower at $1.60 with over 3.1 million shares changing hands.
Starhill Global flat; 4Q above view – Daiwa
January 27th, 2011 |
No Comments
Starhill Global REIT (P40U.SG) is flat at $0.650, with moderate volume of 1.3 million shares traded after announcing 4Q10 net property income of $36.7 million, +37.0% on-year and DPU of 1.04 Singapore cents, +7.2% on-year.
Daiwa says NPI was 5% higher than forecast, while DPU was 3% higher. “The stronger-than-expected NPI came almost solely from the Renhe Spring Zongbei Property in Chengdu, China, which reported NPI of S$3.38 million (+72% on quarter).”
NOL +2.8%; rebounding on oversold conditions
January 27th, 2011 |
No Comments
Neptune Orient Lines (N03.SG) rises 2.8% to $2.24, rebounding after 5 sessions of declines amounting to 6.4%, which took the stock to its $2.16 low yesterday, an area where AmFraser’s Najeeb Jarhom says there is multi-year support.
Osim off 2.9%; strong 4Q results likely priced-in
January 27th, 2011 |
No Comments
Osim International (O23.SG) off 2.9% at $1.67 in active trade, falling back after hitting $1.74 at the open, its highest level since late 2006, as despite its strong 4Q, FY results, investors are likely uneasy about pushing the price higher after the stock’s 215% surge since the start of 2010.
STI falls 0.3% to 3,210.43 at 9:30 a.m.
January 27th, 2011 |
No Comments
Singapore’s Straits Times Index fell 0.3% to 3,210.43 as of 9:30 a.m. local time. Three stocks declined for each that rose in the benchmark index of 30 companies.
Shares on the measure trade at an average 14.7 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.
STI off 0.3%; prices in no man’s land – Phillip Securities
January 27th, 2011 |
No Comments
The STI is off 0.3% at 3210.60, pulling back slightly after yesterday’s 1.2% rise, despite the positive lead from offshore. Decliners beat gainers 102 to 81, with 261 million shares traded worth $227 million.