Archive | Singapore Trading News

Yanlord Land sells 58.4% of units in Chinese residential project

SGX-listed Yanlord Land Group announced on Monday that it has sold 58.4 per cent, or 181 out of its 310 apartment units, at its inaugural launch of Yanlord Riverside Gardens in Tianjin, China. Yanlord Riverside Gardens is the group’s second international community development in Tianjin and contracted a total of 572 million yuan in pre-sales. […]

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SGX posts 7.9% fall in full year profits

Singapore Exchange Limited on Monday posted a 7.9 per cent decline in fiscal 2011 profits from S$320.1 million in 2011 to S$294.9 million on higher expenses. Revenue rose 3.3 per cent from S$639.7 million the previous year to S$660.7 million. The group registered a 6 per cent increase in securities daily trading value to $1.6 […]

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SembMarine’s Q2 net profit down 15%

Sembcorp Marine, the world’s second largest rig builder, posted a worse-than-expected 15 per cent fall in second quarter net profit, despite stronger margins. The company, a unit of waste-processor to infrastructure conglomerate Sembcorp Industry, reported a net profit of S$149.7 million (US$124.4 million) for the three months ended June 30, compared to S$176.1 million a […]

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SGX launches online help for investment products

The Singapore Exchange (SGX) on Friday introduced two online initiatives, the “Customer Account Review Module” and the “SGX Online Education Programme”, both aimed at supporting retail investors in their understanding and trading of “Specified Investment Products” listed on SGX. “Specified Investment Products” have terms and features that could be challenging for retail investors to understand. […]

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United Envirotech Announces a New US$113.8 Million Convertible Bond Investment by KKR

United Envirotech Limited (“UEL”, SGX: U19), a leading water treatment and recycling solution provider in China, today announced that an affiliate of Kohlberg Kravis Roberts & Co. L.P. (together with its affiliates, “KKR”), a leading global investment firm with US$ 61 billion in assets under management, has entered into a definitive agreement with the company […]

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DBS says guarding against US debt problems

The chief executive of Southeast Asia’s biggest bank, DBS (DBSM.SI), said on Thursday that the biggest problem from the deadlock on the U.S. debt position could be the liquidity of the U.S. dollar. Piyush Gupta told reporters the bank has already positioned itself to guard against a U.S. ratings cut and possible default. It was […]

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STATS ChipPAC Reports Second Quarter 2011 Results

STATS ChipPAC Ltd. (“STATS ChipPAC” or the “Company”) (SGX-ST: STATSChP), a leading semiconductor test and advanced packaging service provider, today announced results for the second quarter 2011. Tan Lay Koon, President and Chief Executive Officer of STATS ChipPAC, said, “Revenue for the second quarter of 2011 increased by 4.3% to $427.0 million over the prior […]

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Singapore Exchange Welcomes Indonesia’s Malacca Trust to Catalist

Singapore Exchange (“SGX”) is pleased to welcome the listing of Malacca Trust Limited (“Malacca Trust”) on Catalist, under the stock code of “5TH”. As one of Indonesia’s established financial services groups, Malacca Trust provides a wide range of financial services to a diverse customer base including both retail and institutional customers in the Indonesian market. […]

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