Keppel Land, the property developer partly owned by the world’s largest builder of oil rigs, said fourth-quarter net income surged to $841 million from $106.9 million a year earlier, boosted by one-time gains.
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Posts Tagged ‘surges’
Straits Asia surges on Indonesia coal licence
January 12th, 2011 |
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Shares of Singapore-listed coal miner Straits Asia Resources (STRL.SI) jumped as much as 9.8% to a 41-month high after it got a license, which would lead to new coal mining rights in Indonesia.
At 0119 GMT, Straits Asia shares were up 6.4% at S$2.81, with over 9.1 million shares changing hands.
Shares down at midday on profit-taking; Kim Eng surges
January 7th, 2011 |
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Singapore shares were down at midday on Friday, pulling back after a rally in the first few trading sessions of the year, but stockbroker Kim Eng (KEHS.SI) outperformed the broader market after Malaysian lender Maybank made a bid for the firm.
Maybank (MBBM.KL), Malaysia’s largest lender by assets, is snapping up Kim Eng for $1.4 billion in a move to strengthen its grip on the regional stock broking industry and diversify the lender’s source of overseas revenue.
Google Chrome Surges Past 9%, Perhaps from Chrome OS Netbooks
December 2nd, 2010 |
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Google’s Chrome browser jumped to 9.27 percent in November from 8.5 percent in October, which could be a sign that Chrome OS netbooks are being used by Googlers. – Google’s
Chrome Web browser surged to 9.27 percent market share in November, up from 8.5
percent in October, according to the latest statistics from Net Applications.
The
.77 percent gain appeared to come at the expense of Microsoft Internet
Explorer, which dropped to 58.41 percent from 59.18 p…
GMG surges on rubber supply concerns
November 11th, 2010 |
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Shares of Singapore-listed rubber firm GMG Global <GMGG.SI> surged 8% on Thursday after key Shanghai rubber futures hit a record peak on supply concerns.
At 0236 GMT, GMG shares were traded at $0.34 with over 65.5 million shares changing hands.
“Rubber has been hitting record highs recently due to worries of supply shortage and bad weather in Thailand. GMG’s earnings track rubber prices closely, it has been in the spotlight recently,” said a local trader.
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Sino Grandness 3Q net profit surges 53.6% to $7.5m
November 1st, 2010 |
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Mainboard-listed Sino Grandness Food Industry Group, the Shenzhen based integrated manufacturer and distributor of bottled juices and canned fruits and vegetables, today reported that net profit attributable to equity holders for third quarter ended 30 September 2010 (3Q10) surged 53.6% to RMB38.7 million ($7.5 million) from RMB25.2 million a year ago. This was achieved on the back of a 49.9% increase in group revenue to approximately RMB191.9 million from RMB128.0 million, primarily driven by surging orders for its new beverage products comprising bottled juices and canned herbal drink.
United Envirotech’s 2Q net profit surges 94.6% to $6.1 million on delivery of key project
November 1st, 2010 |
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Mainboard-listed United Envirotech, the membrane-based water and wastewater treatment solutions provider, announced a net profit growth of 94.6% to $6.1 million for the 3 months ended 30 September 2010 (2Q FY2011) on the back of a 103.8% increase in revenue to $23.0 million in 2Q FY2011.
Top Global surges on site tender win
October 28th, 2010 |
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Shares of Singapore real estate firm Top Global <TPGB.SI> surged as much as 200% on Thursday after a local newspaper reported that it had won a tender for a landmark site as part of a group of investors.
At 0218 GMT, Top Global shares were trading at $0.015 on a volume of about 490 million shares.
Singapore’s Mapletree Industrial surges on debut: Update
October 21st, 2010 |
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Mapletree Industrial Trust <MAPI.SI> made a sparkling debut on Thursday, surging as much as 29% above its IPO price as investors were drawn by its high dividend yield amid rock-bottom interest rates.
Units of Mapletree Industrial, which owns factories and other industrial properties in Singapore, opened at $1.15 a unit against an IPO price of $0.93. It rose as high as $1.20 a unit.
GLP surges on debut in Singapore’s 2nd biggest IPO: Update
October 18th, 2010 |
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Singapore wealth fund GIC’s logistics unit GLP surged nearly 11% on its debut on Monday, as Asia’s ninth-biggest public offering this year attracted investors due to its China exposure.
Global Logistic Properties (GLP) (GLPL.SI) is set to raise $3.9 billion ($3.01 billion) if it exercises its greenshoe option, making it Singapore’s second-biggest IPO since SingTel’s (STEL.SI) $4 billion float in 1993.
GLP surges on debut in Singapore’s 2nd biggest IPO: Update
October 18th, 2010 |
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Singapore wealth fund GIC’s logistics unit GLP surged as much as 12% on its debut on Monday, as Asia’s ninth-biggest public offering this year attracted investors due to its China exposure.
Global Logistic Properties (GLP) (GLPL.SI) is set to raise $3.9 billion ($3.01 billion) if it exercises its greenshoe option, making it Singapore’s second biggest IPO since SingTel’s (STEL.SI) $4 billion float in 1993.
Global Logistic surges in Singapore debut
October 18th, 2010 |
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Shares of Singapore’s Global Logistic Properties <GLPL.SI> surged 10 percent on its market debut on Monday, with investors attracted to the counter as a proxy for China’s trade growth, analysts said.
GLP’s $3.9 billion share offering, which was 12 times subscribed, makes it Singapore’s second-largest IPO after Singapore Telecommunications’ <STEL.SI> S$4 billion share offering in 1993.
Olam surges on potential merger with Louis Dreyfus
September 24th, 2010 |
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Olam International climbed to its highest level after the commodities supplier said it was in preliminary talks that could lead to a merger with Louis Dreyfus Commodities. Olam jumped 5.8% to $3.12 as of 9:08 a.m. in Singapore, heading for its highest close since May 30.
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GMG Global surges on as rubber futures up
September 22nd, 2010 |
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Shares of Singapore-listed rubber firm GMG Global <GMGG.SI> rose 23% to $0.29, a shade below record high levels, on Wednesday after rubber futures in Tokyo rose to its highest level since late April on expectations of a global rubber shortage.
Over 150 million shares had changed hands by 11:29 a.m.
Biosensors surges as DBS recommends ‘buy’ medical device maker
September 17th, 2010 |
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Biosensors International Group, maker of drug-coated stents used to treat blocked arteries, surged to its highest level in eight months after DBS Group Holdings recommended investors “buy” the stock.
Tea Party surges in U.S. Republican primaries
September 15th, 2010 |
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The conservative Tea Party movement has won several victories over mainstream U.S. Republicans in primary contests ahead of November’s mid-term elections. Tea Party-backed Christine O’Donnell beat veteran Congressman Mike Castle for the Senate nomination in Delaware.
China Hongxing surges on expansion plans
September 8th, 2010 |
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Shares of Singapore-listed Chinese sportswear maker China Hongxing (CHXS.SI) rose as much as 8.1% to a seven-month high on Tuesday after the firm told Reuters it plans to open 2,000 new stores by end-2011.
At around 0704 GMT, China Hongxing’s shares were traded at $0.20, with over 57.4 million changing hands. It was the day’s third most actively traded stock by volume.
MCL Land surges by most on record after Hongkong Land offer
August 27th, 2010 |
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Shares of MCL Land surged by most on record after its parent Hongkong Land Holdings offered the buy the rest of the company at a premium. Hongkong Land, which holds about 77.4% of MCL Land, offered to pay $2.45 in cash for each remaining share in the Singapore-based homebuilder. MCL Land advanced 26% to $2.45 as of 9:13 a.m. in Singapore. Hongkong Land was unchanged at US$5.32 ($7.22).
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Sim Lian Group surges 33% on earnings, bonus issue
August 26th, 2010 |
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Sim Lian Group surged by most on record after the property developer reported full-year profit more than doubled and proposed a bonus issue.
The company said full-year profit increased to $104.4 million from $38.7 million a year earlier. Sim Lian will give shareholders one bonus share for every two shares held in addition to a cash dividend of 3.7 cents a share, it said. Sim Lian climbed 33% to 69 cents as of 9:23 a.m. local time, the biggest advance on record.
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Thai Air, Tiger plan budget carrier as travel surges
August 2nd, 2010 |
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Tiger Airways Holdings, the budget carrier part-owned by Singapore Airlines, will ally with Thai Airways International Pcl to form a new low-fare carrier amid rising demand for leisure travel in Asia.
Thai Tiger Airways Pte is due to start operations in the first quarter of next year, pending regulatory approvals, Tiger Air said in a stock exchange statement today. Thai Air, Southeast Asia’s third most-valuable airline, and another local company will own a combined 51% of the venture, with the remainder held by Singapore-based Tiger Air.