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Posts Tagged ‘Research’

Mercator Lines (S) rated ‘hold’ by Phillip Securities

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.

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Micro-Mechanics Holdings rated ‘buy’ by OCBC

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.

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Ascendas India Trust rated ‘buy’ by Citi

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).

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Global Logistic Properties rated ‘buy’ by Nomura

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.

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Olam International upgrade to ‘oveweight’ by HSBC

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.

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Intel Labs to Invest $100 Million in University Research

The first center will be hosted by Stanford University, with a focus on visual computing. – Intel announced plans to invest $100 million
directly into U.S. university research over the next five years to
drive innovations in computing and communications: The company will
open Intel Science and Technology Centers across multiple universities
throughout the year, with a focus on projects…


Intel Labs to Invest $100 Million in U.S. University Research

First Center Hosted by Stanford, Focused on Visual Computing

NEWS HIGHLIGHTS
  • Intel Labs announced $100 million cash investment in U.S. university research over the next 5 years, marking a new model of collaboration for the organization.
  • Funding will support a number of Intel Science and Technology Centers; the first such center will be led by Stanford University and focus on next-generation visual computing.
  • This new model of university-lead research is expected to provide U.S. researchers with up to 5 times more funding from Intel Labs compared to the previous approach, and enable engagements across a broader set of universities.

MOUNTAIN VIEW, Calif., Jan. 26, 2011 – Intel Corporation announced plans to invest $100 million directly into U.S. university research over the next 5 years to drive innovations in computing and communications. The company will open Intel Science and Technology Centers across multiple universities throughout the year.

The centers will focus on projects in select technology areas that align with the company’s research agenda including visual computing, mobility, security and embedded solutions. This new model is expected to result in U.S. researchers receiving up to five times more funding from Intel Labs when compared to the previous approach.

As an initial step, Intel Labs also announced that Stanford University will be the hub for the first center, which will focus on improving visual computing experiences for consumers and professionals. Researchers at Stanford will collaborate with a community of researchers from seven other universities. The recently introduced 2nd Generation Intel® Core™ processor with combined visual and 3-D graphics will be a key R&D platform for researchers to develop innovations which improve the quality and the way images are captured or created, manipulated or interpreted and ultimately displayed to the viewer.

This first Intel Science and Technology Center, as well as those that will follow later this year, represents a new model of collaboration for the company. Until now, Intel Labs ran open collaboration centers near research universities and a substantial portion of the company’s funding focused on operating, maintaining and staffing these facilities. The new centers will be Intel-funded and jointly led by Intel and university researchers. They are designed to providemore dollars in the hands of researchers, and to encourage tighter collaboration between academic thought leaders in essential technology areas such as visual computing, security and mobile computing. For maximum flexibility, Intel will be able to tune its research agenda across the research centers over time. Intel plans to invite proposals from the academic community to continue pursuing the creation of additional Intel Science and Technology Centers.

“Intel Labs has long been a significant investor in university research and this program is the next step in that critical investment,” said Justin Rattner, Intel’s chief technology officer. “The pace of technology change is getting faster. With today’s announcement we are ensuring that Intel Labs’ academic research support is adaptable and flexible. Our new approach should allow us to quickly and dynamically invest in the most promising academic work.”

“Stanford is honored to be chosen as the host university for the initial ISTC,” said Pat Hanrahan, the lead academic principal investigator for the ISTC-VC. “This is an exciting new model that will have huge impact on the future of computing. Stanford looks forward to working with Inteland our network of seven other universities, to bring exciting new visual computing experiences to the computer user.”

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About Intel
Intel (NASDAQ: INTC) is a world leader in computing innovation. The company designs and builds the essential technologies that serve as the foundation for the world’s computing devices. Additional information about Intel is available at newsroom.intel.com and blogs.intel.com.

Intel is a trademark of Intel Corporation in the United States and other countries.

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China Sunsine Chemical Holdings rated ‘buy’ by Phillip Securities

Phillip Securities Research in a Jan 21 research report says: “9M10 revenue improved 39.8% y-y while net profit registered an improvement of 50.7% y-o-y. In view of the buoyant performance of the automobile industry, we believe Sunsine should maintain its momentum for 4Q10. The main product of the company is the rubber accelerator which accounts for close to 90% of revenue.

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PEC downgraded to ‘hold’ by Phillip Securities

Phillip Securities Research in a Jan 20 research report says: “PEC announced that they had been awarded a $78 million EPC contract to provide pipe rack and utilities piping reticulation system for Tuas Power Utilities (TPU). With the contract win, we estimate that PEC’s current order book should be worth approximately $245 million.

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M1 rated ‘hold’ by Phillip Securities

Phillip Securities Research in a Jan 20 research report says: “M1 reported FY2010 operating revenue of $979.2 million (+25.3% y-o-y) and net profit of $157.1 million (+4.5% y-o-y). It announced a final dividend of $0.077 and special dividend of $0.035 per ordinary share for FY2010.

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UOL Group rated ‘buy’ by OCBC

OCBC Investment Research in a Jan 19 research report says: “UOL announced that it has successfully tendered for the Lion City Hotel Site and the adjoining Hollywood Theatre Site for $313 million. We estimate that this project has a net present value of $62 million or $0.08 per share.

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Tat Hong Holdings rated ‘hold’ by OCBC

OCBC Investment Research in a Jan 19 research report says: “The floods in Australia have taken a toll on Tat Hong Holdings (Tat Hong), which announced that one of its seven branches in Queensland was evacuated on 11 Jan as a result of the floods.

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Sinopipe Holdings rated ‘increase exposure’ by SIAS

SIAS Research in a Jan 19 research report says: “Sinopipe Holdings manufactures, distributes and installs plastic pipe and fittings. Positive industry factors such rapid urbanisation of China and superior properties of plastics over other materials are impelling the demand for plastic pipes.

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Singapore Airlines rated ‘buy’ by Kim Eng

Kim Eng Research in a Jan 18 research report says: “SIA’s December passenger load factors dipped 3.6 percentage points y-o-y but still remained healthy at 80.7. Cargo continued to outperform expectations, with load factor holding steady at 63.5.

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Facebook, Twitter Users More Likely to Join Groups: Pew

Pew Research found that more Internet users than non-Internet users are inclined to belong to social groups and organizations. Sounds about right to Facebook and Twitter users. – It’s never been a stretch to connect that dot that people who are socially active on the Web may also be socially active in the non-virtual world. New research presents data that backs this theory up.
Pew Research Center’s Internet amp; American Life Project on Jan. 18 said that 80 percent of Inte…


SembMarine wins contracts worth $215m

Sembcorp Marine says subsidiary Sembawang Shipyard has secured a newbuilding and three major upgrading contracts totalling $215 million.

The newbuild contract worth $123 million was awarded by Teekay Shipping (Australia) Pty Ltd for the Engineering, Procurement, Construction and Commissioning (EPCC) of a dynamically positioned blue water research vessel for Australia. The Commonwealth Scientific and Industrial Research Organisation (CSIRO), Australia’s national science agency.

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Genting Singapore PLC rated ‘buy’ by Phillip Securities

Phillip Securities Research in a Jan 14 research report says: “Genting Singapore is an investment holding company for Resorts World Singapore (RWS). Genting principal activities include casino operations, operation and management of integrated resort, international sales and marketing services as well as IT application related services.

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Sunvic Chemical Holdings rated ‘buy’ by Phillip Securities

Phillip Securities Research in a Jan 11 research report says: “Sunvic announced that it has gotten approval to utilize the balance of the tax incentive which was granted to its subsidiary in 2007 and 2008.

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Ezra Holdings rated ‘buy’ by OCBC

OCBC Investment Research in a Jan 13 research report says: “Ezra reported a 25% y-o-y rise in revenue to US$75.9 million but saw a 28% fall in net profit to US$13.3 million in 1QFY11, as its results were impacted by lower contribution from EOC and JV companies as well as higher financial expenses arising from the group’s expansion programme.

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Singapore Telecommunications rated ‘hold’ by Daiwa Research

Daiwa Research in a Jan 12 research report says: “SingTel’s stake in Bharti has increased by just 0.1 of a percentage point. Hence, we expect the earnings accretion resulting from the current transaction to be very small (less than 0.2% upside for our FY12 EPS forecast).

“The latest announcement supports our belief that SingTel could be a logical buyer in the event that Vodafone Group decides to divest its effective 4.4% shareholding in Bharti. That said, in our opinion, SingTel’s future course of action with regards to possible stake increases is difficult to predict, as we think such a move may require the consent of the Bharti Enterprises, the key indirect shareholder of Bharti.

“Sum-of-the-parts-derived six-month target price of $3.09. SingTel looks fairly valued to us, with the stock trading currently at a PER of 12.1x on our FY11 EPS forecast. MAINTAIN HOLD.”