Citigroup Research in a July 28 research report says: “For 2Q10, CDL H REIT reported a DPU of 2.57 cents. Including the 2.32 reported in 1Q10, total DPU for 1H10 amounted to 4.89 cents. This is largely in line with both consensus and our estimates of approximately 10 cents for FY2010.
Posts Tagged ‘sell’
HTC to Sell Smartphones Under Its Own Name in China: Report
July 27th, 2010 |
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HTC will reportedly soon begin selling phones under its own name in China. Just as in the United States, where HTC first offered phones under the T-Mobile brand, in China it has been selling under Dopod. – Taiwan-based HTC will begin selling
smartphones in China under its own name, as it
begins a big campaign to create a brand presence, the Wall Street Journal reported July
27.
Until now, HTC has sold phones in China under the Dopod brand, but
that will change with four new devices scheduled to…
Temasek to sell entire F&N stake to Japan’s Kirin: Update
July 26th, 2010 |
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Japan’s Kirin Holdings (2503.T) has agreed to buy a 14.7 stake in in beer and property conglomerate Fraser & Neave (FRNM.SI) from Singapore state investor Temasek Holdings for $1.3 billion.
Kirin, which vies with Asahi Breweries for Japan’s top spot in beer sales, said the move is aimed at expanding in Southeast Asia.
Temasek agrees to sell 14.7% stake in Fraser & Neave to Kirin
July 26th, 2010 |
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Temasek Holdings said it agreed to sell its entire 14.7% stake in Fraser & Neave to Kirin Holdings Co., according to an e-mailed statement today.
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Otto Marine cut to Sell by DnB Nor with $0.35 target
July 22nd, 2010 |
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DnB Nor has downgraded Otto Marine (G4F.SG) to Sell from Hold as stock has breached its $0.35 target price, says Dow Jones.
DnB Nor says shipbuilder, supplier of offshore support vessels continues to face weak order flows, with no new building contracts secured so far this year.
“Newbuild orders for deepwater offshore support vessels are likely to remain slow with current weak sentiments and uncertainties surrounding the demand for OSVs in the US Gulf,” says DnB Nor.
Apple to Sell iPad in 9 More Countries
July 19th, 2010 |
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Apple’s iPad will be available in nine more countries starting July 23, namely Austria, Belgium, Hong Kong, Ireland, Luxembourg, Mexico, the Netherlands, New Zealand and Singapore. – Apple announced July 19 that its iPad will be available in
nine more countries starting July 23: Austria,
Belgium, Hong
Kong, Ireland,
Luxembourg, Mexico,
the Netherlands,
New Zealand and
Singapore.
Given that this is consistent with Apple’s previously announced plans for a
July rollout in …
Temasek to sell 700m pounds of sterling bonds
July 19th, 2010 |
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Singapore state investor Temasek (TEM.UL) will sell 200 million pounds ($422.6 million) worth of 12-year bonds and another 500 million pounds of 30-year paper in its inaugural issue of sterling-denominated debt, according to a term sheet seen by Reuters on Monday.
The 12-year bonds will be priced at 97-100 basis points above the benchmark, while the 30-year paper will yield an extra 92-95 basis points, the term sheet said.
SMRT Corporation rated sell
July 19th, 2010 |
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Citi Investment Research in a July 18 research report says: “1QFY11 results due July 30. We expect SMRT to post a strong profit rebound from its unusually weak March 2010 qtr profit of just $22.7 million, hurt by one-off charges and cost build-up ahead of the Aprtil-2010 opening of Circle Line (CCL) Stage 1&2.
The Think Environmental Co rated sell
July 16th, 2010 |
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DMG & Partners Securities in a July 15 research report says: “The Think Environmental Co Ltd (TTEC) has been awarded with the prestigious 2010 International Business Award by the UK Trade & Investment in Singapore.
Australand may seek to sell bonds in Singapore, CFO Pryke says
July 15th, 2010 |
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Australand Property Group may seek to issue bonds in Singapore, the home of majority shareholder CapitaLand, according to the Australian developer’s chief financial officer.
Joost TV website looking to sell up Posted By : Paddy Chang
July 15th, 2010 |
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Live Internet TV | Online TV technology allows you to watch over 4,500 HD channels right on your PC.
DBS cut to Sell from Buy by RBS; Target $12
July 15th, 2010 |
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RBS has downgraded DBS Group (D05.SG) to Sell from Buy, reduces target price to $12 vs $18 previously; anticipates earnings disappointment on higher costs, depressed interest margins till FY12, says Dow Jones.
“Margin pressure is likely to accelerate this year, and we expect a 31bp net interest margin decline to 171 bp, lowest level since 2003. The problem is that DBS no longer has room to cut its cost of funds, while pressure on asset yields remains as a result of low SIBOR.”
DBS to report 2Q earnings on July 30. Stock last down 0.1% at $14.76.
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Ezion to sell liftboat to Middle East client for US$78m
July 14th, 2010 |
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Ezion Holdings, a provider of offshore marine logistics and support services, expects to sell a liftboat to a Middle Eastern client in the third quarter for $78 million ($107.2 million) with an excess of proceeds of about US$14.4 million, the company said in presentation slides posted to the Singapore stock exchange today.
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NOL downgraded to Sell by Citi; Cuts target to $1.70
July 12th, 2010 |
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Citigroup has downgraded Neptune Orient Lines (N03.SG) to Sell from Buy, cuts target price to $1.70 from $2.00, based on 1.1x P/B vs 1.4x previously, according to Dow Jones.
Citi says expectations of shipping group returning to profitability this year on higher freight rates, increased volume already reflected in share price.
Sound Global downgraded to sell
July 8th, 2010 |
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Citi Investment Research in a July 7 research report says: “The stock began to be re-rated in 3Q09 after an announcement that it would be listed in HK. But the listing was pulled last week on weak demand despite the HK shares being priced at a double-digit percentage discount to the Singapore shares.
Sound Global cut to Sell from Buy by Citigroup
July 8th, 2010 |
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Citigroup has downgradesd Sound Global (E6E.SG) to Sell from Buy on view current share price fairly valued after run-up in past months on HK dual listing plan, which China-based water treatment firm recently decided to postpone, says Dow Jones.
China Fishery to sell new shares, warrants to Carlyle Group for $266m
June 29th, 2010 |
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China Fishery Group, an industrial fishing company, today announced a conditional private sale of shares and warrants to the Carlyle Group for a total of $266 million. The shares will be priced at $1.85 each, while the warrants will have an exercise price of $2.10 each, according to a statement sent to the Singapore stock exchange.
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Citi says Genting Singapore is a “top sellâ€
June 29th, 2010 |
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Citi has identified Genting Singapore (GENS.SI), which operates casinos in Singapore and Britain, as one of its “top sells”, saying the firm’s high valuations made it the world’s most expensive gaming stock.
“Growth rates (for Macau gaming firms) are much stronger. There’s also some risk of earnings disappointment,” Markus Rosgen, Citi’s head of Asia ex-Japan equity strategy, said during a conference call with journalists.
Citi says Genting Singapore is a “top sellâ€
June 29th, 2010 |
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Citi has identified Genting Singapore (GENS.SI), which operates casinos in Singapore and Britain, as one of its “top sells”, saying the firm’s high valuations made it the world’s most expensive gaming stock.
“Growth rates (for Macau gaming firms) are much stronger. There’s also some risk of earnings disappointment,” Markus Rosgen, Citi’s head of Asia ex-Japan equity strategy, said during a conference call with journalists.
CDL Hospitality Trusts seeks to sell up to 116m units
June 22nd, 2010 |
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CDL Hospitality Trusts aims to sell as many as 116 million units for $1.71 to $1.77 each, raising up to about $200 million, according to the offer term sheet obtained by Bloomberg News.
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