Archive | Singapore Trading News

GLP Limited MCO.SI announces development of logistic facility in Japan

Global Logistics Properties (GLP)MCO.SI announced on Monday that it will develop a large-scale multi-tenant logistics facility in Ichikawa City, Chiba prefecture (Greater Tokyo), Japan. In a statement released on Monday, GLP said that it has formed a 50:50 joint venture with Mitsui Fudosan to undertake the project. The development will have a gross floor area […]

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SingTel Z74.SI’s Latest Amobee Acquisition

SingTel Z74.SI’s Latest Amobee Acquisitionadapted from sharesinv.com When the largest market capitalisation company on our local bourse announces an acquisition bid, especially one that is its first major overseas acquisition since 2007, it is little surprise that analysts are scrambling behind their research desks making sense out of the news. On 5 March, Singapore Telecommunications […]

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Sky China profit in Q4 plunges 58%

Sky China profit in Q4 plunges 58% SKY China Petroleum Services posted a 58 per cent slump in net profit to $1.66 million for the three months ended Dec 31, citing lower revenue and impairments. Barring unforeseen circumstances, the group should remain profitable in FY2012. – Sky China Revenue in the fourth quarter slipped 15 […]

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China Paper full-year earnings plummet 39.2% to 79.5m yuan

A FALL in gross profit coupled with a rise in operating expenses saw China Paper Holdings Ltd’s net profit dive 39.2 per cent to 79.5 million yuan (S$15.8 million) for 2011, from 130.8 million yuan for the preceding year. Revenue inched up 0.3 per cent to a record high of 1.06 billion yuan. This was […]

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CapitaMalls Asia placement tranche of S$100m oversubscribed

The placement tranche of 10-year bonds by CapitaMalls Asia Treasury Limited, a wholly-owned subsidiary of CapitaMalls Asia Ltd, has closed three days after its launch on 3 January and public offer on 4 January. The initial S$100 million placement tranche on offer was two times over-subscribed. Driven by such strong demand, CapitaMalls Asia Treasury will […]

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Asia stocks follow Wall Street higher

BANGKOK (AP) — Asian stock markets were mostly higher Wednesday after Wall Street opened the year with a bang following the release of positive U.S. economic data.Oil prices softened but remained above $102 per barrel. The dollar rose against the euro and was steady against the yen.On the first trading day of 2012 in Japan, […]

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Hoe Leong: Reaping Fruits From Opportunistic Ventures

Hoe Leong: Reaping Fruits From Opportunistic Ventures adapted from sharesinv.com There is a well-known Chinese saying that goes along the line ‘to start a business is a challenge, to uphold its success is an even bigger challenge’. For Hoe Leong Corporation Ltd (Hoe Leong)H20.SI, its continued success for more than half a century is certainly […]

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Keong Hong’s IPO fully subscribed despite cloudy economic outlook

SINGAPORE : Keong Hong Holdings 5TT.SI says its Initial Public Offering (IPO) on the Singapore Exchange (SGX) Catalist has been fully subscribed despite the cloudy global economic outlook. The IPO, comprising 27 million new shares at an issue price of S$0.24 each, was fully placed out to institutional and private investors raising approximately S$6.48 million. […]

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KSH Holdings Secures Mt. Alvernia Hospital contract

KSH Holdings: Secures Mt. Alvernia Hospital contract KSH Holdings announced that it has secured a S$49.9m constructioncontract from Mt Alvernia Hospital for additions and alterations to the hospital.We judge that the market would be mildly positive on this contract win,which brings the order book to an estimated S$385m. This project isexpected to begin on 6 […]

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SIA stock analysis

Singapore Airlines (SIA SP, $11.40, BUY, TP $14.40) – Singapore Airlines’ share price has been surprisingly resilient, trading in an upward pattern since its recent low. The stock has gained 8.5% since last Thursday, while the STI has slumped by 4.0%. Loads and traffic have remained relatively resilient, while declining oil prices could provide a […]

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GuocoLeisure trades at just 0.7x NTA of US$0.69 per share or S$0.86 per share, which arguably still undervalues its prized assets, Quek Leng Chan & fu

Hot stock GuocoLeisure (GLL SP, $0.60, NOT RATED) – GuocoLeisure trades at just 0.7x NTA of US$0.69 per share or S$0.86 per share, which arguably still undervalues its prized assets, especially its properties in Hawaii and Fiji which it intends to sell. Major shareholder Quek Leng Chan continues to add to his already majority stake, […]

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Manchester United Said to Get Singapore’s Approval for Listing Story Tools

Manchester United Said to Get Singapore’s Approval for Listing Story Tools Singapore’s stock exchange approved Manchester United’s application to raise about $1 billion in an initial public offering in the city-state, two people with knowledge of the matter said.As much as two-thirds of Manchester United’s offering will likely be in preferred shares, which may carry […]

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Symbol Bid Ask Spread
EURUSD 1.17900 1.17920 2
GBPUSD 1.33480 1.33510 3
USDCAD 1.28520 1.28550 3
USDJPY 113.460 113.480 2
USDCHF 0.99060 0.99090 3
AUDUSD 0.75320 0.75350 3
NZDUSD 0.69130 0.69180 5
EURGBP 0.88320 0.88350 3
EURCHF 1.16800 1.16830 3
EURJPY 133.790 133.820 3
AUDJPY 85.460 85.510 5
GBPJPY 151.450 151.510 6
XAUUSD 1243.95 1244.35 40
XAGUSD 15.728 15.778 5