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Posts Tagged ‘surges’

Employers boost payrolls as economic growth surges

July 30th, 2010 | No Comments

Singapore employers expanded payrolls for a fourth consecutive quarter as record economic growth prompted companies in the services and construction industries to boost hiring.

The city state added an estimated 26,500 jobs in the three months ended June, after the creation of 36,500 positions in the first quarter of 2010, the Ministry of Manpower said in a statement today. The seasonally adjusted unemployment rate rose to 2.3% from the previous quarter’s 2.2% as more jobseekers entered the labour market.

PNE Micron surges on Intel forecasts

July 14th, 2010 | No Comments

Shares of PNE Micron (PNMC.SI) surged 14.3% to $0.04 on Wednesday, leading a rally in Singapore-listed technology shares after Intel’s (INTC.O) better-than-expected forecasts, traders said.

PNE Micron’s businesses include provides coating services for hard disk drives and automotive parts. Over 5 million PNE Micron shares had changed hands by 10:49 a.m.

SunVic Chemical surges on chemical play

July 12th, 2010 | No Comments

Shares of Singapore-listed chemical firm SunVic Chemical (SVCH.SI) surged 13.7% to a 22-month high at $0.29 on renewed interest in China chemical plays and expectations the firm will report strong second quarter earnings, traders told Dow Jones.

Over 8.9 million shares had been traded by 12:17 p.m.

Bund Center surges on report it was undervalued

July 6th, 2010 | No Comments

Shares of Singapore’s Bund Center Investment (BCIL.SI) rose 12.3% to $0.37 on Tuesday after a local newspaper said the Chinese property developer’s stock was undervalued.

Almost nine million shares changed hands as of 10:13 a.m. The stock was listed on the exchange last week, when it opened at $0.255.

Design Studio surges in Singapore after Depa Interiorsâ€™ offer

June 29th, 2010 | No Comments

Design Studio Furniture Manufacturer surged by most in 11 months after Depa Interiors LLC offered to 55 cents a share, valuing the Singapore- based company at $140.4 million.

Depa Interiors is a unit of Depa, the biggest shareholder of Design Studio. Design Studio advanced 13% to 55.5 cents as of 9:15 a.m., set for its biggest gain since July 2009.

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Eng Kong surges 35% after NEK Container makes bid

June 3rd, 2010 | No Comments

Eng Kong Holdings, a provider of logistics services to container shipping companies, surged by most on record after NEK Container Group offered to buy the company for 29.5 cents a share.

The deal values the company ay $77.8 million, according to Bloomberg estimates. Eng Kong jumped 35% to 29 cents as of 9:20 a.m. in Singapore, the biggest advance since its listing in Decmber 1989. The benchmark Straits Times Index rose 1.6% to 2,771.15.

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Golden Agri-Resourcesâ€™ 1Q net profit surges 932% to $123m

May 12th, 2010 | No Comments

Golden Agri-Resources says net profit attributable to shareholders rose 932% to US$89 million ($122.9 million) in the first quarter 2010 (1Q 2010) from US$9 million in (1Q 2009) despite low seasonal production.

Revenue surged by 52% year-on-year to US$625 million from US$412 million.

Riverstoneâ€™s 1Q net profit surges almost six-fold to $4.5m

April 26th, 2010 | No Comments

Riverstone Holdings, the manufacturer of nitrile and natural rubber gloves used in the high-tech and healthcare industries, reported a doubling in revenue to a record of RM 52.8 million ($22.7 million) for the quarter ended 31 March 2010 (1Q 2010) due to strong demand from semiconductor and healthcare customers. Net profit surged almost six times to RM10.5 million from RM 1.8 million achieved a year ago.

Singapore revalues currency as Q1 GDP surges

April 14th, 2010 | No Comments

Singapore’s central bank aggressively tightened its monetary policy on Wednesday by effectively revaluating the Singapore dollar, after the economy grew at a record pace in the first quarter.

The central bank also switched to a policy of modest and gradual appreciation for the Singapore dollar, which climbed to a five-month high after the move, and said the economy had fully recovered from its worst ever recession.

Singapore tightens monetary policy as economy surges

April 14th, 2010 | No Comments

Singapore’s central bank tightened monetary policy today to stem inflationary pressures that have grown with the island’s sharp recovery from last year’s slump.

The move, which came as the government reported surprisingly fast surge in economic growth for the first quarter, suggests the authorities believe the economy — and the outlook for its export markets — is strong enough for them to shift their focus from spurring the recovery to keeping consumer prices in check.

The news sent the Singapore dollar sharply higher, with the US currency falling to $1.3785, its lowest since Dec 3, from around $1.3927.

Singapore retail investors back as volume surges

April 7th, 2010 | No Comments

Retail investors appear to have returned to Singapore market, judging from today’s robust trading volume, says Dow Jones.

More than 2.76 billion shares changed hands so far vs 1.59 billion for whole of yesterday, clearing 2 billion mark for first time since February. Activity driven mostly by penny stocks, led by GMG Global (5IM.SG), Advanced Systems Automation (520.SG), United Fiber System (P30.SG).

Raffles Education surges; Khazanah to buy stake in China unit

February 10th, 2010 | No Comments

Bloomberg says shares of Raffles Education Corp. climbed by most in almost one year after Malaysian state-linked investment company Khazanah Nasional Bhd agreed to buy a 10% of its wholly-owned unit Oriental University City.

Oceanus surges by limit for 2nd day on plans to buy 2 firms

January 12th, 2010 | No Comments

Oceanus Group, the world’s largest operator of abalone farms, surged by its daily limit for the second day in Taipei trading after it plans to buy two companies this year and sell shares in its restaurant unit as early as 2012.

SIA Engineering surges most since December 2008 on BNP rating

January 5th, 2010 | No Comments

SIA Engineering Co. surged 6.6% to $3.66 at 1:34 p.m. in trading, headed for the biggest gain since Dec 9, 2008, after BNP Paribas advised investors to buy its stock on a recovery in global air traffic.

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Q & M Dental Group surges on first trading day in Singapore

November 26th, 2009 | No Comments

Q & M Dental Group Singapore, the operator of dental clinics, surged in its trading debut.

The stock climbed 32% to 35.5 cents as of 9:23 a.m. in Singapore. It advanced as much as 33% earlier.

Posts Tagged ‘surges’

Employers boost payrolls as economic growth surges

PNE Micron surges on Intel forecasts

SunVic Chemical surges on chemical play

Bund Center surges on report it was undervalued

Design Studio surges in Singapore after Depa Interiorsâ€™ offer

Eng Kong surges 35% after NEK Container makes bid

Golden Agri-Resourcesâ€™ 1Q net profit surges 932% to $123m

Riverstoneâ€™s 1Q net profit surges almost six-fold to $4.5m

Singapore revalues currency as Q1 GDP surges

Singapore tightens monetary policy as economy surges

Singapore retail investors back as volume surges

Raffles Education surges; Khazanah to buy stake in China unit

Oceanus surges by limit for 2nd day on plans to buy 2 firms

SIA Engineering surges most since December 2008 on BNP rating

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