Facebook has nabbed $450 million in funding from investment bank Goldman Sachs that values the social networking company at $50 billion, the New York Times reported Monday. The company also took a $50-million investment from Russian firm Digital Sky Technologies, which has already invested some $500 million in Facebook. News of the investment came just [...]
Posts Tagged ‘valued’
Facebook valued at $50 bn after new investment
January 4th, 2011 |
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LeAnn Rimes Engagement Ring Valued At $85K; Eddie Cibrian’s Ex “Couldn’t Care Lessâ€
December 30th, 2010 |
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Model Brandi Glanville, ex-wife of actor Eddie Cibrian, has washed her hands of their relationship and “couldn’t care less†about his recent engagement to country singer LeAnn Rimes — even though her former love rival is sporting a rock worth approximately $85,000. On Monday, the scandal-stained adultress, 28, announced her engagement to former CSI: Miami [...]
China Fishery downgraded to Fully Valued by DBS Vickers
November 26th, 2010 |
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DBS Vickers downgrades China Fishery Group (B0Z.SG) to Fully Valued from Hold, cuts target to $1.83 from $2.12; says FY10 results below expectations, largely due to weak contribution from South Pacific trawling operations, which made net loss of US$14 million ($18.4 million), results also affected by higher than-expected one-off expenses of US$5 million.
House cuts FY11, FY12 earnings estimates by 16%, 11%, now assumes harvest volume of around 140,000, 162,000 mt in FY11-12, down from 202,000 mt previously. Lower target based on 10x FY11F EPS (from blended FY10/11F previously), in line with global peers.
“With shares trading at 11.8x FY11F P/E, top end of peers’ range, we prefer to see more tangible results from South Pacific before we turn more positive on the counter.”
Shares +0.5% at $2.19.
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Raffles Education cut to Fully Valued by DBS
November 8th, 2010 |
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DBS Vickers downgrades Raffles Education (E6D.SG) to Fully Valued vs Hold, cuts target price to $0.25 vs $0.29 after lowering earnings estimate for FY11 by 15% to factor in weaker operating environment, higher costs. Flags stronger SGD vs RMB, declining student enrolment in China as key earnings risks. Says 1Q11 earnings, down 58% on-year at $5.9 million, weaker than expected. Shares flat at $0.28.
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Koon Holdings unit bags 2 contracts valued at $17m
September 21st, 2010 |
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Koon Holdings says wholly-owned subsidiary, Koon Construction and Transport Co., has been awarded the following new projects worth a total of $16.9 million.
One is a $12.1 million contract from Zhen Hua (Singapore) Engineering to supply, install and extract temporary FSP4 steel sheet piles used as cut-off wall and temporary cofferdam installation works for 8 to 33 months.
The other is a $4.8 million contract from the Housing and Development Board for the coastal protection and restoration of mangrove biodiversity at Pulau Tekong. The project will last 10 months.
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Kencana Agri cuts to Fully Valued by DBS Vickers
September 16th, 2010 |
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DBS Vickers downgrades Kencana Agri (F9M.SG) to Fully-Valued from Hold as stock has breached $0.35 target price, according to Dow Jones.
DBS Vickers says investors have more than priced-in plantation group’s 3-year volume CAGR of 25%, potential spike in next year’s earnings.
Notes stock trades at all-time high P/E of 19.6x 2011 earnings, driven by bigger peer Wilmar’s (F34.SG) recent move to take 20% stake in company for $80 million.
Shares down 2.4% at $0.405.
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GIC’s logistics arm GLP valued at over $10.7b: Update
September 14th, 2010 |
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The logistics unit of Singapore sovereign fund GIC (GIC.UL) has assets worth over US$8 billion ($10.7 billion) and the fund hopes to sell a minority stake in the business at 1.3 to 1.4 times book value, a source briefed on the listing said on Tuesday.
The source also said that 65% of Global Logistic Properties’ (GLP) asset value comprises warehouses and other buildings in Japan, with China accounting for the remainder. The GIC unit owns 296 properties of which 69 are in Japan.
Singapore Exchange rated ‘fully valued’
July 6th, 2010 |
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DBS Vickers Securities in a July 5 research report says: “There appears to be no shortage of IPOs in the pipeline, although actual IPO launches have been anaemic due to market conditions.
FSL Trust cut to Fully Valued by DBS Vickers
June 10th, 2010 |
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DBS Vickers has downgraded First Ship Lease Trust (D8DU.SG) to Fully Valued from Hold, citing risk to cash flow following recent seizure of two of its vessels by Singapore-based Daxin Petroleum, which claims it hasn’t been paid for bunker supplied to both ships, according to Dow Jones.
Tat Hong raised to Buy from Fully Valued by DBS
May 25th, 2010 |
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DBS has upgraded crane company Tat Hong (T03.SG) to Buy from Fully Valued after upgrading earnings CAGR forecast of 27% in FY11-12, according to Dow Jones.
China Sports cut to Fully Valued by DBS Vickers
May 21st, 2010 |
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DBS Vickers has downgraded China Sports International (FQ8.SG) to Fully Valued from Hold on concerns over weakening competitiveness, says Dow Jones.
The broker has cut its target price to $0.11 from $0.18, based on 5x FY10 P/E vs 6x previously, to account for lower liquidity, higher risk premium due to earnings risks.
Singapore REITs fairly valued, says Morgan Stanley
May 17th, 2010 |
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Singapore REITs generally fairly valued as currently trade at historical averages in terms of dividend yields, with prospect of further yield compression dim as rental growth, rising interest rates start to weigh on prices, says Morgan Stanley, according to Dow Jones.
Asia Environment Holdings rated fully valued
May 11th, 2010 |
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DBS Vickers Securities in a May 10 research report says: “Asia Environment reported sales of RMB121 million (+9% y-o-y), largely driven by higher O&M revenue as more BOT projects were commissioned compared to last year.
CapitaMall Trust off 0.5%; fully valued says Daiwa
March 26th, 2010 |
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CapitaMall Trust (C38U.SG) is off 0.5% at $1.84 and continues to underperform rest of STI stocks, says Dow Jones.
Over the last three weeks, the stock has gained 2.2% vs STI +3.5% over same period.
SIA data strong, but stock fairly valued, says Citi
March 16th, 2010 |
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Singapore Airlines (C6L.SG) yesterday reported February operating data showed continued improvement in traffic levels, load factors, reported Dow Jones Newswires.
But Citi says while data “encouraging,” stock looks fairly valued; “Operating statistics remained robust, likely benefiting from Chinese New Year holidays falling in February and the Singapore Airshow.”
Asia Environment Holdings rated fully valued
March 3rd, 2010 |
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DBS Vickers Securities in a Mar 2 research report says: “Asia Environment recorded RMB23.5m in losses in 4Q09 due to almost RMB20m of doubtful debt provisions and impairment charges. In addition to these one-off items, the company also charged higher staff expenses and associate losses of RMB7.8m on higher stake for Nantong water projects.
Epure wins build-operate-transfer project in Yantai city valued at $25m
February 5th, 2010 |
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Epure International says wholly-owned subsidiary, Beijing Sound Environmental Engineering Co., has won a Build, Operate and Transfer (BOT) municipal project in Yantai City, Shandong Province.
K-Reit Asia rated fully valued
January 25th, 2010 |
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DBS Vickers Securities in a Jan 21 research report says: “Kreit’s 11.4% y-o-y jump in distribution income to $19.4 million (DPU 1.45 cents) is in line with expectations. This was achieved on a 13.8% rise in net property income to $13.4 million while revenue increased a higher 19.1% to $17 million.
Starhub rated fully valued
January 6th, 2010 |
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DBS Vickers Securities in a Jan 5 research report says: “We estimate an adverse impact of 5%/10% and 2%/3% on FY2010F/2011F earnings due to EPL loss and expiry of job credit scheme respectively. Management has guided for annual 20 cents dividend per share (DPS), which exceeds its estimated FY2009F EPS, as StarHub does not have to pay cash tax till late 2010. However beyond 2010, in our view, 20 cents DPS could be sustained only by raising debt.
Swiber wins 2 contracts valued at as much as $114m for offshore support vessels
December 14th, 2009 |
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Swiber Holdings, the integrated construction and support services provider to the offshore oil and gas industry, says it has won from major oil companies in South East Asia to provide offshore support vessels.
One contract will last for five months and the other will last for two years with options to extend annually for up to five years. The value of the contracts is expected to range between US$31.4 million ($43.7 million) and US$81.9 million if all the three annual options are exercised.