Sound Global says it has won 18 projects from a group of urban-rural waste water treatment plants in Changsha County, Hunan province, China, totalling RMB275 million ($53.5 million) in investments.
The projects include the investment, building, operation and transfer of 16 urban-rural waste water treatment plants (with a total capacity of 29,400 tonnes per day) with a concession period of 30 years.
JUNE 24-26, MASS MOCA, NORTH ADAMS, MA;
TICKETS GO ON SALE FRIDAY, JANUARY 21 AT 11
AM EST
 Wilco |
Wilco‘s Solid Sound Festival, an intimate three day celebration of music,
comedy, art and community, returns to MASS MoCA in
North Adams, MA June 24 – 26. Envisioned by Wilco and presented in collaboration with MASS MoCA, America’s
largest center for contemporary art, this year’s festival boasts two headline concerts by Wilco, a comedy cabaret
hosted by John Hodgman, the new Solid Ground tent site for nearby camping, a Euclid Records pop-up
store, a wide array of all-ages programming and much more.
Tickets are on sale 11am EST this Friday, Jan. 21
through the festival’s official website SolidSoundFestival.com, through the MASS MoCA box office and
through massmoca.org. Click here for complete details
on tickets, including early-bird pricing, single-day tickets,
free and reduced-fee ticketing for children and more.
Singapore shares were expected to open higher on Wednesday after Wall Street rose overnight as solid earnings and a flurry of merger activity underpinned a steady upward trend that reinforced investor optimism for the coming year.
The following companies may have unusual price changes in Singapore trading today. Stock symbols are in parentheses, and share prices are from the previous close. Singapore’s Straits Times Index gained 0.2% to 3,139.85.
News Analysis: Real security depends on a belief that somebody, somewhere, will get into your network. The real question is, what do you do about it? – When Deborah Plunkett, the head of the National Security Agency’s Information Assurance
Directorate, said at a security conference that systems must be built with the
assumption that adversaries
will get in, her statement wasn’t exactly a revelation. True security is
multilayered, and it’s desig…
Singapore shares may open lower on Wednesday after Wall Street fell overnight as news that Portugal’s debt could be downgraded reignited selling.
Singapore’s benchmark Straits Times Index <.FTSTI> fell 0.43% on Tuesday to close at 3,144.70 points.
Stocks and factors to watch, say Thomson Reuters and Bloomberg:
Bulk-shipping companies: The Baltic Dry Index, which measures the cost of shipping commodities, fell 2.1% in London yesterday, extending its four-day decline to 5.2%. Cosco Corp. Singapore (COS SP), a China-based shipbuilder that also operates bulk carriers, slipped 1.5% to $2.02. STX Pan Ocean Co. (STX SP), South Korea’s biggest bulk carrier, gained 0.2% to $13.68.
Singapore banks bucking declines by most other local blue chips, likely supported by fresh official data showing improvement in October bank lending.
According to central bank MAS, overall lending +13.8% on-year, +1.3% on-month at $313.26 billion, with housing loans remaining key driver. OCBC (O39.SG) +1.5% at $9.77, UOB (U11.SG) +0.1% at $18.52, DBS (D05.SG) flat at $13.92 vs STI off 0.3%.
Wilmar (F34.SG) off 1.0% at $6.12, extending last week’s 2.7% fall, as concerns over China’s recent price controls continue to weigh. Beijing’s fight vs inflation giving investors additional reason to exit following plantation group’s weaker-than-expected 3Q10 results released earlier this month (net profit down 60.3% on year at US$259.5 million ($335.5 million) on weak margins, losses from associates, higher finance costs). UBS cuts target price to $7.00 vs $8.00 after lowering FY10-FY12 EPS estimates to account for earnings volatility stemming from Wilmar’s trading business, but keeps Buy call on view company remains structurally sound. “Wilmar’s size gives it superior insight into the vegetable oils trade flow, and thus a superior trading advantage. Coupled with our plantation team’s bullish call on palm oil, we believe Wilmar is more likely to profit from its trading positions over longer periods of time.” Tips support at $5.88 October trough.
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DMG raises Sound Global (E6E.SG) target to $1.05 from $0.93, keeps Buy call, according to Dow Jones.
The research house says 3Q10 earnings slumped 51.5% on year, which in line with house estimates; decline attributable to higher effective tax rates, IPO expenses, FX losses.
“While we remain confident of order book sustainability, we trimmed earnings (forecasts) downwards (by 7.3% FY10, 4.6% FY11) to factor in the higher effective tax rates and expenses,” says DMG.
Sound Global (E6E.SG) +1.7% at $0.890 after firm says it signs plant project agreement for treatment of industrial, domestic sewage in Jiangsu, China, according to Dow Jones.
Build-operate-transfer project scale at 60,000 tonnes/day; phase one investment about RMB130 million ($25.1 million), operational service tariff is RMB2.38/tonne with 28-year concession period.
Says China-based water treatment firm’s extensive R&D, technical expertise bode well for growth; “its project network, which mainly runs through China’s second- and third-tier cities, where penetration rates are lower, puts it in a position to benefit from the growth of local economies.”
As a native of New Zealand, this story in an email today caught my eye. Apparently some Kiwis don’t think TomTom’s current ‘NZ’ voices sound as authentic as they should.
Neither do I; I have one of TT’s earliest ‘Go’ models and, though it has guided me flawlessly to many destinations in the UK, Europe and Canada, I don’t reckon the Kiwi accent on it is genuine, nor is the Australian version. So I stick to the UK or US voices while resisting regular pleas from the company to pay to download Homer Simpson.
TomTom announced a competition this week to find “the voice of New Zealand” for its vehicle navigation tool and some of the entries so far are classic, if almost incomprehensible to foreign ears in some cases.
A little Friday afternoon entertainment awaits.
Singapore shares may see a weak start on Thursday after Wall Street’s main indices ended lower overnight, with September’s rally losing some steam. Stocks may also come under pressure after the US passed legislation to pressure China to let its currency rise faster, fanning the flames of a long-running dispute over trade and jobs.
Singapore’s benchmark Straits Times Index <.FTSTI> rose 0.28% on Wednesday to 3,106.03 points. Stocks and factors to watch:
DBS Vickers upgrades Sound Global (E6E.SG) to Buy from Hold, lifts target price to $0.96 from $0.84, based on 13.2x FY11 P/E, after increasing FY11 earnings forecast by 26%, says Dow Jones.
"We believe downside is limited in view of the various positive developments in the past month," says DBS Vickers.
Singapore stocks may open lower on Wednesday after US stocks fell on renewed concerns about European banks following a newspaper report that major lenders understated their holdings of potentially risky government debt. Singapore’s benchmark Straits Times Index <.FTSTI> inched 0.05% higher on Tuesday to 3,036.09 points. Here are some stocks to watch:
Singapore-listed Chinese shipbuilder Yangzijiang (YAZG.SI) will be in focus as it Taiwan Depository Receipts start trading on the Taiwan Stock Exchange on Wednesday.
The Press-Register notes today:Lumpy, degraded oil collected in the Mississippi Sound has tested positive for several of the main ingredients in the Corexit dispersant used in connection with the Deepwater Horizon oil spill, according to scientists …
Sound Global (E6E.SG) off 7.8% at 6-session low of $0.71 in active trade as proposed sale of up to RMB885 million ($176.4 million) worth of convertible bonds fuels dilution concerns, says Dow Jones.
Amount of shares to be issued, assuming full conversion without upsize option exercised, represents 11.36% of existing share capital.
While a pocket-size digital camera may not seem well-suited for the corporate world, Nikon has added a twist with the CoolPix S1100pj camera. This new Nikon digital camera includes a projector, the ability to attach to a PC or an Apple Mac, and a built in stand that removes the need for a tripod. For those who need to give that important presentation, the CoolPix S1100pj can display images up to 8 feet away. At $350 and available this September, the Nikon CoolPix S1100pj is affordable for businesses with a limited budget and limited IT resources. In addition, this Nikon CoolPix camera is designed with a variety of colors, which gives the camera an aesthetic impact, too. – …
