tag:blogger.com,1999:blog-68560265126863986292026-04-11T08:00:51.177+08:00Watch dollars and cents grow!Unknownnoreply@blogger.comBlogger119125tag:blogger.com,1999:blog-6856026512686398629.post-37529428154433956232012-10-22T10:50:00.000+08:002012-10-22T10:50:38.792+08:00

SINGAPORE Fraser and Neave Ltd (FNN): While Overseas Union Enterprise (OUE) announced it is negotiating a potential takeover bid for the Co with certain parties, Japan 's Kirin Holdings is among those parties involved, reported Reuters citing sources. CapitaMall Trust (CT) announced 3Q distribution per unit of S$0.0242, flat compared to a year earlier. 3Q gross revenue rose 5.1% YoY to S$

Unknownnoreply@blogger.com1tag:blogger.com,1999:blog-6856026512686398629.post-32035695603006566822012-10-18T10:56:00.002+08:002012-10-18T10:56:18.395+08:00

SINGAPORE Keppel Land (KPLD) posted 3Q net income down 28.5% YoY to S$75M on sales of S$166M, up 49.0%. The Co said: "Going forward, the Group will continue to selectively acquire well-located sites in Singapore and overseas for residential, commercial and mixed-use developments. The Group will also monitor the market closely for the appropriate window to launch new projects and phases."

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-6856026512686398629.post-636683212990200142012-10-17T10:50:00.002+08:002012-10-17T10:50:55.050+08:00

SINGAPORE Singapore 's non-oil exports fell 3.4% YoY (+2.3% expected) vs -10.7% (revised) in August reported the International Enterprise Singapore . Electronics exports dropped 16.4% YoY vs -11.0% in August. CapitaLand Ltd (CAPL)'s serviced-apartment unit Ascott may launch a yuan-denominated real-estate investment trust to fund its expansion in China according to the unit's chief

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-6856026512686398629.post-26693794566131972432012-10-16T10:41:00.000+08:002012-10-16T10:41:06.601+08:00

SINGAPORE Singapore Airlines (SIA) said it carried 1.50M passengers in September, up 6.1% YoY. September passenger load factor gained 1.0 percentage point YoY to 80.6%, while cargo load factor rose 0.4 percentage point to 64.1%. The Co's overall load factor for September was up 0.9 percentage point to 69.8%. Fraser & Neave Ltd (FNN) price target was raised to S$10.48 from S$10.19 at

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-6856026512686398629.post-51074013450237589492012-10-15T10:19:00.002+08:002012-10-15T10:19:46.175+08:00

SINGAPORE Singapore and Germany have agreed have agreed to adopt the Standard for Exchange of Information for tackling cross-border tax evasion, announced Germany's finance ministry. Singapore Press Holdings (SPH) posted FY net income down 5.9% YoY to S$366M on revenue of S$1.3B, up 1.8%. The Co added: "Group recurring earnings of S$410.2M was slightly higher by S$1.2M (0.3%) compared to

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-6856026512686398629.post-69117640729431347722012-10-12T10:52:00.002+08:002012-10-12T10:52:26.643+08:00

SINGAPORE Singapore 's GDP (seasonally adjusted and annualized basis) contracted 1.5% QoQ in 3Q (-1.0% expected) vs +0.2% (upwardly revised) in 2Q according to the government. On a YoY basis, GDP expanded 1.3% in 3Q (+1.2% expected) vs +2.3% in 2Q. The Monetary Authority of Singapore has kept its monetary policy unchanged, saying: "The Singapore economy should continue to expand but at

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-6856026512686398629.post-49413078786485055852012-10-11T12:40:00.002+08:002012-10-11T12:40:28.417+08:00

SINGAPORE Fraser and Neave Ltd (FNN)'s board said it agrees with its adviser JPMorgan that the buyout bid by Thai tycoon Charoen Sirivadhanabhakdi is "not compelling, though fair". In other news, Overseas Union Enterprise (OUE) confirmed it had made the S$1.4B unsolicited cash offer for the Co's hospitality and serviced residence business. US indices were under pressure on Wednesday.

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-6856026512686398629.post-67238940160008013302012-10-10T10:19:00.000+08:002012-10-10T10:19:02.004+08:00

SINGAPORE Singapore Finance Minister Tharman Shanmugaratnam said property prices in the city-state could press higher with a risk of forming a bubble. CapitaLand (CAPL) announced Lim Ming, currently the Co's COO, will replace Liew Mun Leong as president & CEO. Fraser & Neave Ltd (FNN) announced it will not respond to a S$1.4B unsolicited cash offer by a third party for its

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-6856026512686398629.post-30996525703850309012012-10-09T10:48:00.002+08:002012-10-09T10:48:37.022+08:00

SINGAPORE Singapore 's foreign exchange reserves rose to $252.1B in September from $246.2B in August reported the Monetary Authority of Singapore. German Finance Minister Wolfgang Schaeuble will seek to revise Germany's bilateral tax treaty with Singapore during a visit to the country Sunday in a bid to fight against tax evasion, announced the German government. US indices&

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-6856026512686398629.post-32386718090285346802012-10-08T10:53:00.000+08:002012-10-08T10:53:06.037+08:00

SINGAPORE The Monetary Authority of Singapore announced tighter rules on home loans: the tenure for all new residential-property loans will be capped at 35 years; if the borrower has no other home loan, he can borrow only 60% (down from 80%) of the property's value, if the borrower has other existing home loans, he can borrow only 40% (down from 60%). Oversea-Chinese Banking Corp (OCBC) and

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-6856026512686398629.post-21796578374017665302012-10-05T10:39:00.002+08:002012-10-05T10:39:20.165+08:00

SINGAPORE SembCorp Marine (SMM) said its Jurong shipyard unit has signed a letter of intent to build a semi-submersible accommodation rig for operator Prosafe SE. Financial terms were not disclosed. Mapletree Logistics Trust (MLT) was downgraded to "underperform" from "outperform", Ascendas REIT (AREIT) and Cambridge Industrial Trust (CREIT) to "underperform" from "hold" at Daiwa Securities

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-6856026512686398629.post-48832539236018231522012-10-04T10:31:00.002+08:002012-10-04T10:31:55.122+08:00

SINGAPORE Singapore 's government said it intends to remove the one-share-one-vote restriction on public companies and allow those companies to issue nonvoting and multiple-vote shares, adding: "This will give companies greater flexibility in raising capital, and meet different investor preferences." CapitaMall Trust (CT) announced the pricing of its 10B-yen 7-year bonds with 1.309%

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-6856026512686398629.post-47509933363054800512012-10-03T12:43:00.002+08:002012-10-03T12:43:58.140+08:00

SINGAPORE Singapore 's Manufacturing PMI declined to 48.7 in September from 49.1 in August according to the Singapore Institute of Purchasing & Materials Management. Electronics PMI slowed to 50.0 from 50.7 in August. Tiger Airways (TGR) is expanding its operations in Indonesia through the leasing of five more Airbus A320 jets its 33%-owned local associate PT Mandala Airlines,

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-6856026512686398629.post-16052918148702462762012-10-02T10:45:00.002+08:002012-10-02T10:45:35.300+08:00

SINGAPORE Singapore Airlines (SIA) announced its long-haul budget unit Scoot Pte has signed an agreement with Tiger Airways (TGR) on a marketing partnership, saying: "The initial phase of this partnership will see each carrier marketing joint itineraries between Phuket, Ho Chi Minh City and Kuala Lumpur, destinations served by Tiger; and Sydney and Gold Coast, served by Scoot. Customers may

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-6856026512686398629.post-34015346303364090482012-10-01T11:02:00.002+08:002012-10-01T11:02:28.869+08:00

SINGAPORE Singapore may further slow down the inflow of foreign workers said Acting Manpower Minister Tan Chuan-Jin on his official blog. Singapore Exchange Ltd (SGX) proposed scaling up the proportion of shares available to retail investors in IPOs. SMRT Corp (MRT) said it has sold S$450M of fixed-rate bonds. US indices fell on Friday pressured by technology hardware

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-6856026512686398629.post-326902005219696902012-09-26T10:52:00.000+08:002012-09-26T10:52:11.750+08:00

SINGAPORE SingTel (ST): Singapore state investor Temasek Holdings is selling up to 500M shares in the Co at S$3.20-3.25 per share, a move that will lower its holding to 51.3% from 54.4%, reported Reuters citing a term sheet. Fraser & Neave Ltd (FNN) announced the appointment of Goldman Sachs and JPMorgan as its advisers on the take-over offer made by Thai tycoon Charoen

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-6856026512686398629.post-80602430882567745432012-09-24T10:25:00.002+08:002012-09-24T10:25:31.184+08:00

SINGAPORE Singapore Exchange (SGX) announced the appointment of Timothy Utama as its Chief Operations and Technology Officer, effective 1 December 2012. US markets were mixed on Friday. On the US economic data front, no major data were released today. Stocks in the telecommunication services & health care equipment & services sectors traded higher while shares in the

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-6856026512686398629.post-71819563537101432252012-09-21T10:22:00.000+08:002012-09-21T10:22:18.848+08:00

SINGAPORE Genting Singapore (GENS) price target was raised to S$1.45 from S$1.17 at DBS Vickers. Overseas Union Enterprise (OUE) price estimate was upped to S$3.35 from S$2.85 at Credit Suisse. Tiger Airways (TGR) was downgraded to "hold" from "buy" at OCBC. US markets were mixed on Thursday. On the US economic data front, initial jobless claims for the week ended

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-6856026512686398629.post-503960068084334462012-09-20T10:14:00.002+08:002012-09-20T10:14:28.084+08:00

SINGAPORE Genting Singapore (GENS) is selling its entire 4.8% stake in Echo Entertainment Group, the Australian gambling company for appx. A$131.7M (Dow Jones). Cosco Corp Singapore (COS) price estimate was lowered to S$0.83 from S$0.87 at Daiwa Securities. US markets closed slightly higher on Wednesday. On the US economic data front, MBA Mortgage Applications for the week ended

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-6856026512686398629.post-31151371219946075472012-09-19T10:16:00.002+08:002012-09-19T10:16:55.756+08:00

SINGAPORE Fraser & Neave (FNN): Heineken said ThaiBev (THBEV) and TCC Assets are backing the Co's S$5.6B bid for Fraser's 40% interest in Asia Pacific Breweries (APB) and "has undertaken not to make a general offer for shares in F&N". OLAM International (OLAM) announced the acquisition of a 100% equity interest in Northern Coffee Corp, Zambia 's largest coffee estate, for appx. $

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-6856026512686398629.post-2421727815510167732012-09-18T11:12:00.004+08:002012-09-18T11:12:39.410+08:00

SINGAPORE Singapore 's new private home sales dropped by 27% in August from the month prior. Singapore Airlines (SIA) released August overall load factor rose 1.1% YoY vs -1.7% in July, and passenger load factor was up 1.7% YoY in August vs -1.1% for the prior month, while cargo load factor fell 1.7% YoY vs -2%. ComfortDelGro (CD) unit acquired a 10% stake in Nanning ComfortDelGro

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-6856026512686398629.post-73570577861703335182012-09-17T10:31:00.002+08:002012-09-17T10:31:25.336+08:00

SINGAPORE Singapore 's non-oil domestic exports fell 9.1% MoM (-10.6% YoY) in August, vs +3.6% MoM (+5.7% YoY) in July. Electronic exports tumbled by 11.0% YoY, after a +2.0% increase in July. Fraser & Neave (FNN)'s FCL (China) sold its entire 56.05% stake in Frasers Property (China) to a unit of Gemdale Corp for S$261M. ARA Asset Management (ARA) said it received approval from

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-6856026512686398629.post-69375026310861659152012-09-14T09:57:00.002+08:002012-09-14T09:57:20.054+08:00

SINGAPORE OLAM International (OLAM) has priced a $500M issuance of 5-year senior notes at a coupon of 5.75%. IHH Healthcare (IHH) will replace Neptune Orient Lines (NOL) in the Straits Times Index effective September 24, the Singapore Exchange said on Thursday. Sembcorp Industries (SCI) to invest 327M yuan to develop centralised utilities facilities in Fushun Hi-Tech Industrial Zone in

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-6856026512686398629.post-86335544678400648152012-09-13T12:48:00.000+08:002012-09-13T12:48:04.908+08:00

SINGAPORE Fraser & Neave (FNN): TCC Assets, a concert party of ThaiBev (THBEV) linked to Thai billionaire Charoen Sirivadhanabhakdi, plans to make a mandatory conditional cash offer for all of the issued and paid-up ordinary shares of Fraser & Neave for S$8.88 a share or $7.2B in total. SingTel (ST) CEO Allen Lew said the Co is "interested in investing in startups addressing major

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-6856026512686398629.post-31210156800697939812012-09-12T10:06:00.000+08:002012-09-12T10:06:01.059+08:00

SINGAPORE Fraser & Neave (FNN)'s FCL ( China ) is in discussions to sell of its majority stake in Hong Kong listed Frasers Property (Straits Times). ARA Asset Management (ARA) expects to raise S$800M in Singapore 's first dual-currency initial public offering (Bloomberg). Indofood Agri Resources (IFAR) price target was cut to S$1.50 ("neutral") from S$1.90 ("overweight") while Golden

Unknownnoreply@blogger.com0