Singapore Stock Exchange

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Singapore Air net falls on fines, lags estimates: Update

January 28th, 2011 | No Comments

Singapore Airlines, the world’s second-largest carrier by market value, reported a worse-than- estimated 29% drop in third-quarter profit after it booked charges relating to antitrust cargo fines.

Net income declined to $288.3 million in the three months ended December from $404 million a year earlier, the carrier said in a statement to the Singapore stock exchange today. Profit was expected to be $299 million, based on the average of six analyst estimates compiled by Bloomberg. Singapore Air made a provision of $199 million for the fines.

Osim International 4Q net income doubles, sales fall

January 26th, 2011 | No Comments

Osim International said its fourth-quarter net income more than doubled to $17 million from $8 million a year earlier.

Sales in the quarter declined 6% to $133 million from $141 million, the company said in a statement to the Singapore stock exchange today.

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Keppel profit rises 17% as economy revives rig demand: Update

January 25th, 2011 | No Comments

Keppel Corp., the world’s largest oil-rig maker, said profit in the fourth quarter rose 17% to a record, beating analysts’ estimates, as a global economic recovery stoked demand.

Net income climbed to $403 million from $343 million a year earlier, the company said in a Singapore stock exchange statement today. That surpassed the $371.3 million average of four analyst estimates compiled by Bloomberg. Sales dropped 19% to $2.44 billion.

SIA Engineering 3Q profit rises 7.7%

January 25th, 2011 | No Comments

SIA Engineering Co. reported third-quarter net income of $60.3 million, 7.7% more than a year earlier.

Revenue gained 12% to $269.5 million, SIA Engineering said in a statement to the Singapore stock exchange today. The group will continue to benefit from the recovery in the aviation industry, according to the statement. Demand for maintenance, repair and overhaul services is expected to remain firm.

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Hutchison to raise $7.7b from ports spin-off – IFR

January 18th, 2011 | No Comments

Hutchison Whampoa (0013.HK) plans to raise US$6 billion ($7.7 billion) by spinning off its ports business and listing it on the Singapore stock exchange, IFR reported on Tuesday.

Earlier on Tuesday, Hutchison Whampoa said it planned to spin off Hutchison Port Holdings Trust in a separate listing in Singapore. The listing will be completed by March, IFR reported.

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XMH Holdings offers 100.95 million shares at $0.25 each in IPO

January 14th, 2011 | No Comments

XMH Holdings aims to sell 100.95 million shares at 25 cents each in its initial public offering on the Singapore stock exchange, according to an e-mailed statement today.

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Great Eastern said to sell $400m of 4.6% 15-year notes

January 12th, 2011 | No Comments

Great Eastern Holdings, the Singapore insurance company, sold $400 million of 4.6 percent 15-year bonds, according to a person familiar with the matter.

The company set up a $1 billion multi-currency medium-term notes facility on Jan. 10, and appointed Oversea-Chinese Banking Corp. and Morgan Stanley to manage it, according to a Singapore stock exchange announcement.

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Overseas Union sets up $1b medium-term notes program

January 11th, 2011 | No Comments

Overseas Union Enterprise established a $1 billion multi-currency, medium- term note program, according to a Singapore stock exchange announcement.

Standard Chartered Plc has been hired to arrange any sales, the proceeds of which could be used for general working capital or to refinance debt, the statement said.

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Great Eastern establishes $1b bond program

January 10th, 2011 | No Comments

Great Eastern Holdings, the insurance company controlled by Singapore’s second-largest bank, set up a $1 billion multi-currency medium-term note program.

Oversea-Chinese Banking Corp. and Morgan Stanley will manage the program, which may lead to sales of senior or subordinated, fixed- or floating-rate notes, according to a statement to the Singapore stock exchange today.

Stats Chippac hires Deutsche Bank for US$200m notes sale

January 5th, 2011 | No Comments

Stats Chippac, a Singapore-based provider of semiconductor test and assembly services, plans to sell US$200 million ($257.9 million) of senior notes due 2016 to repay debt, according to a Singapore stock exchange announcement.

The proceeds will be used to repay the company’s US$234.5 million of debt outstanding under a US$360 million senior term loan facility which was obtained in May, the announcement said.

Deutsche Bank AG has been hired to help manage the sale, the announcement said.

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CapitaLand, CapitaMalls up on China plans

January 5th, 2011 | No Comments

Shares of CapitaLand (CATL.SI), Southeast Asia’s largest property developer, rose on Wednesday after it said it was open to the idea of a listing in China, where the firm’s shopping mall unit plans to almost double its number of properties.

CapitaMalls Asia (CMAL.SI) said it hopes to have around 100 malls, up from 53 now, in China within the next three to five years, the firm said in a filing to the Singapore Stock Exchange on Tuesday.

Ziwo extends winning streak, +2.5%; $0.45 cap – UOB

January 3rd, 2011 | No Comments

Ziwo Holdings (I9T.SG) +2.5% at $0.410 with a heavy 13.8 million shares traded, extending gains over the last 3 sessions to 10.8% after the company late December 29 said it had obtained approval from the Singapore stock exchange to extend the deadline for the placement of new shares (in conjunction with its proposed TDR listing) to 31 January 2011.

UOL agrees to buy UIC shares from UOB

December 22nd, 2010 | No Comments

UOL Group has agreed to buy a 9.7% stake in United Industrial Corp. for $320.5 million from United Overseas Bank, UOL said in a statement to the Singapore Stock Exchange today.

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Kim Eng approached by parties interested in buying its shares

December 17th, 2010 | No Comments

Kim Eng Holdings, a Singapore securities broker, has been approached by unidentified parties that may be interested in buying its shares, the company said in a statement to the Singapore stock exchange today. Kim Eng said the approaches may lead to a general offer for the company.

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Sumitomo Trust unit buys DBS asset to tap Asiaâ€™s rich: Update

December 6th, 2010 | No Comments

Sumitomo Trust & Banking Co.’s Nikko Asset Management Co. unit agreed to buy DBS Asset Management from DBS Group Holdings for $137 million to tap business from the expanding ranks of wealthy Asians.

Under the accord, DBS will also take a 7.25% stake in Nikko Asset and the combined firm’s managed assets will total more than $150 billion, the companies said in a joint statement filed to the Singapore stock exchange today.

Sumitomo Trust unit buys DBS Asset to tap Asiaâ€™s rich: Update

December 6th, 2010 | No Comments

Under the accord, DBS Asset will also take a 7.25% stake in Nikko Asset and the combined firm’s managed assets will total more than US$150 billion ($195.5 billion), the companies said in a joint statement filed to the Singapore stock exchange today.

Olam sets up US$200m sugar venture in Nigeria: Update

December 3rd, 2010 | No Comments

Olam International, a commodity supplier backed by Singapore’s Temasek Holdings Pte, plans to set up a US$200 million ($261.9 million) sugar-refining venture at a port in Nigeria to tap growing demand in the nation.

Olam will have an 80% stake in the operation with the Lababidi Group, an African company with interests ranging from wheat milling to port real estate, holding the rest. Half the investment will be debt-funded, with the remainder contributed by each partner in line with their equity, Olam said today in a Singapore stock exchange statement.

Olam sets up US$200m Sugar Venture in Nigeria: Update

December 3rd, 2010 | No Comments

Olam International, a commodities supplier backed by Singapore’s Temasek Holdings, said it plans to set up a US$200 million ($261.7 million) sugar refining venture at a port in Nigeria.

Olam will hold an 80% stake in the operation with the Lababidi Group, a diversified African company with interests ranging from wheat milling to port real estate, holding the rest. Half the investment will be debt-funded, with the remainder contributed by each partner in line with their equity, Olam said today in a Singapore stock exchange statement.

Dec 2: Capitaland, Cosco, SIA, Noble, Osim, United Engineers

December 2nd, 2010 | No Comments

Singapore shares may open higher on Thursday after Wall Street posted its biggest gains in three months overnight, as efforts to resolve the EU’s debt crisis helped push the S&P above 1,200, an important technical level. Singapore’s benchmark Straits Times Index <.FTSTI> rose 1.18% on Wednesday to 3,181.94 points. Here are some stocks and factors to watch, say Bloomberg and Dow Jones:

Capitaland (CAPL SP): Southeast Asia’s biggest developer plans to introduce an average of 3,000 residential units in China annually as part of its growth strategy in the country, the Singapore-based company said in investor briefing materials filed to the Singapore stock exchange. It said it also plans to expand the number of its serviced residences in the country to 12,000 units by 2015, from 6,246 currently. The shares gained 1.4% to $3.66.

Noble receives record $3.34b revolving credit facilities

December 1st, 2010 | No Comments

Noble Group, the Singapore-based commodities supplier backed by China’s sovereign wealth fund, received revolving loan facilities worth $2.54 billion ($3.34 billion), according to a Singapore stock exchange statement.

The syndication, among 76 banks, is the largest for the company to date and will replace a US$645.2 million, 364-day revolving facility which matured this year, the statement said.

This is Noble’s second sydnication this year after another facility was in August increased to US$1.55 billion from the US$1.2 billion initially sought, the statement said. In a revolving credit facility money that’s been repaid can be borrowed again.

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Posts Tagged ‘singapore stock exchange’

Singapore Air net falls on fines, lags estimates: Update

Osim International 4Q net income doubles, sales fall

Keppel profit rises 17% as economy revives rig demand: Update

SIA Engineering 3Q profit rises 7.7%

Hutchison to raise $7.7b from ports spin-off – IFR

XMH Holdings offers 100.95 million shares at $0.25 each in IPO

Great Eastern said to sell $400m of 4.6% 15-year notes

Overseas Union sets up $1b medium-term notes program

Great Eastern establishes $1b bond program

Stats Chippac hires Deutsche Bank for US$200m notes sale

CapitaLand, CapitaMalls up on China plans

Ziwo extends winning streak, +2.5%; $0.45 cap – UOB

UOL agrees to buy UIC shares from UOB

Kim Eng approached by parties interested in buying its shares

Sumitomo Trust unit buys DBS asset to tap Asiaâ€™s rich: Update

Sumitomo Trust unit buys DBS Asset to tap Asiaâ€™s rich: Update

Olam sets up US$200m sugar venture in Nigeria: Update

Olam sets up US$200m Sugar Venture in Nigeria: Update

Dec 2: Capitaland, Cosco, SIA, Noble, Osim, United Engineers

Noble receives record $3.34b revolving credit facilities

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