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Daxx Chong
Daxx, the Senior Research Editor of Shares Investment, has written numerous articles on finance, investment as well as corporate digests. He also manages the financial data and investment-related news on a portfolio of Singapore-listed companies.

Professing a long-standing interest in the multifaceted nature of economics, he is currently pursuing a Masters in Science in Applied Economics.

No. of Articles : 75
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Editorial Desk

The budget airline revolution started in the US with Southwest Airlines in 1970s, took off in Europe with Easyjet and Ryanair in 1990s, and came to this part of the world at the turn of the millennium.

  • 17 April 2014
  • Editorial Desk
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    Editorial Desk

    Following disappointing data from investment, manufacturing and retail sales, China announced a package of measures including railway spending and tax relief to fend off threat to its 7.5 percent growth target set out earlier by Premier Li Keqiang.

  • 04 April 2014
  • Editorial Desk
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    Editorial Desk

    Presiding over her first monetary policy meeting as the Federal Reserve Chair, Janet Yellen largely kept to the path set by predecessor Ben Bernanke. She announced a fresh US$10 billion cut to the Fed’s stimulus – this third cut is a continuation of the stepped reduction of the monthly asset purchasing programme from an initial US$85 billion to US$55 billion, setting the stage for it to be wound up by end of this year.

  • 21 March 2014
  • Editorial Desk
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    Editorial Desk

    Hogging the headlines over the past week has been the Ukraine crisis, which has added another dose of uncertainty to the global economy. The parliamentary vote-out of President Viktor Yanukovych and subsequent instatement of a pro-Western interim government represented the loss of a satellite state for Russia

  • 07 March 2014
  • Editorial Desk
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    RM1b Pre-Tax Target; MBS Open To Become A Full-Fledged Bank

    Malaysia Building Society provides a variety of financial services and is in a good position to take advantage of Malaysia’s growing finance sector.

  • 24 February 2014
  • Bursa Malaysia, Malaysia Corporate Digest
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    Editorial Desk

    While the beginning of tapering in US quantitative easing is an affirmation on the improved economic footing of the world’s largest economy, emerging countries – particularly those exhibiting internal and external imbalances in the form of persistently-large fiscal and current account deficits – have come under immense pressure as foreign capital fled and currencies tumbled.

  • 07 February 2014
  • Editorial Desk
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    thumb - kl

    Resilience In Play; KLCI To Hit 1,940 By End-2014

    The Malaysian economy is moving into a new era, based on consumption driven growth and shifting towards domestic demand, supported by its growing middle class group that are driven to create wealth.

  • 03 February 2014
  • Bursa Malaysia, Malaysia Perspective
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    Editorial Desk

    For the first fortnight of 2014, affirmation of traction gained in its economy saw the US market closing in to its all-time high. According to the Beige Book survey, US businesses are experiencing growth and most regions are seeing pick-up in the labour market.

  • 17 January 2014
  • Editorial Desk
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    Editorial Desk

    Entering a brand new year, we at Shares Investment are hopeful that 2014 will play out as one where investors can reap fruitful returns.

  • 03 January 2014
  • Editorial Desk
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    Editorial Desk

    Dropping a surprise on the market yet again, Federal Reserve chairman Ben Bernanke announced the start of tapering of quantitative easing come next month – the Fed will reduce its monthly bond purchase from the current US$85 billion to US$75 billion.

  • 20 December 2013
  • Editorial Desk
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    Editorial Desk

    The West has so far only managed a sluggish recovery, coupled with an oversupply of ships due to delivery of orders placed in the heyday, freight rates have slumped causing shipping lines to hand out lower orders to the shipbuilders.

  • 22 November 2013
  • Editorial Desk
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    ValueMax: Gearing For Growth With A Steady Hand

    ValueMax Group, one of the oldest and most established pawnshop chains in the local scene, has jumped on the bandwagon and became the latest of the rejuvenated industry to be listed on the Singapore Exchange.

  • 08 November 2013
  • Corporate Digest
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    Editorial Desk

    It is difficult not to notice the rejuvenation of the pawnbroking industry. Prolific mass media advertising campaigns, marked by engagement of local celebrities to endorse a brand, have been regular features on our airwaves.

  • 08 November 2013
  • Editorial Desk
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    Editorial Desk

    Politically wise, the Republicans were the losers as the Grand Old Party was held hostage by the conservative Tea Party faction to put up an unwinnable fight to undo President’s Obama new health care law. However, the biggest overall loser had to be the US economy.

  • 25 October 2013
  • Editorial Desk
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    Editorial Desk

    While the global stock markets have switched attention onto the political brinkmanship between the US Congress and the Obama administration, the defining news of the past fortnight had to be the surprise “not-to-taper” decision by Federal Reserve Chairman Ben Bernanke.

  • 27 September 2013
  • Editorial Desk
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    End Of QE, End Of Boom – Cautionary Words From Hu Li Yang

    With quantitative easing (QE) wildly expected to mark the beginning of its end some time this month, Shares Investment had the privilege to have an exclusive interview with investment guru Hu Li Yang.

  • 13 September 2013
  • In the Spotlight
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    Editorial Desk

    As if uncertainties from the imminent tapering of US quantitative easing are not enough to keep us on the toes, geopolitical risk from Syria has now been thrown into the mix.

  • 30 August 2013
  • Editorial Desk
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    Editorial Desk

    The major economies have been streaming out positive data in recent weeks. While it is undeniable that the global economy is on a mend, investors would be complacent to think that what lies ahead is a pothole-free smooth road.

  • 16 August 2013
  • Editorial Desk
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    Editorial Desk

    The global economic landscape is ever-changing. China, which stood tall as a beacon of hope in the aftermath of the global financial crisis and the Eurozone sovereign debt crisis, is now finding the tide turning against it.

  • 26 July 2013
  • Editorial Desk
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    Editorial Desk

    Emerging market equities were largely laggards compared to their developed market peers in the first half of this year.

  • 12 July 2013
  • Editorial Desk
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    Editorial Desk

    Better visibility and clearer skies were what we were all hoping for over the past fortnight.

  • 28 June 2013
  • Editorial Desk
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    http://www.dreamstime.com/royalty-free-stock-images-car-money-image11357039

    World Without Easy Money – Is It Necessarily Bad?

    Talks of tapering have been sending shivers through the global stock markets, just how far away is the Fed from tightening the liquidity tap?

  • 14 June 2013
  • Perspective
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    Editoral Desk

    Stock markets would usually find strength from improved economic data.

  • 31 May 2013
  • Editorial Desk
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    Editorial Desk

    Verdict, albeit a preliminary one, is seemingly out for Japan’s unprecedented monetary easing.

  • 17 May 2013
  • Editorial Desk
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    Editorial Desk

    Liquidity. That has largely been the one ingredient that is pushing global stock markets to new highs, including our local Straits Times Index (STI) that crossed the 3,400 level on the first trading day of May.

  • 03 May 2013
  • Editorial Desk
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    Editorial Desk

    Though commodities, as an asset class, has registered disappointing performance over the past one year, its intertwined nature with the broader economy means that investors should nevertheless sit up and take notice.

  • 19 April 2013
  • Editorial Desk
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    Editorial Desk

    Gulf in performance between the developed and the emerging economies was the standout mark for the global stock markets in the just-ended first quarter.

  • 05 April 2013
  • Editorial Desk
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    Investors’ Corner (Cache Logistics Trust, Singapore Post, Yoma Strategic Hldgs, SingTel)

    Cache Logistics Trust announced the close of a private placement of 70m new units at an issue price of $1.24 apiece.

  • 22 March 2013
  • Investors' Corner
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    Unit Trust Investing – Morningstar Singapore Fund Awards 2013

    Ever had bullish outlook for a geographical region or industrial sector but held back from investing because you were clueless on the right stocks to pick?

  • 11 March 2013
  • In the Spotlight
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    Banyan Tree Posts Higher Profit; Sees New Opportunities From Property Venture

    “We are seeing a sustainable upturn in our existing business as well as validation of our new strategy.”

  • 01 March 2013
  • Corporate Digest
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    Investors’ Corner (AdvaHldg, Kep Corp, Sheng Siong, SingPost)

    Despite having no significant developments since our last update report issued on 10 Dec-12, Sheng Siong’s share price has soared by more than 25%. We view this amazing appreciation as a result

  • 01 February 2013
  • Investors' Corner
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    Headliners (Ascendas REIT, Tiger Airways Hldgs, Ezra Hldgs, Lian Beng Group)

    The impact of the seller’s stamp duty on industrial property, which was part of the government’s latest property cooling measures introduced just last week, is not expected to have a significant impact on Ascendas REIT.

  • 18 January 2013
  • Headliners
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    Investors’ Corner (China Merchant Hldgs (Pacific), City Developments, Keppel Corporation, Technics Oil & Gas)

    The group is buying Jiurui Expressway, part of the Hangzhou–Ruili Expressway and a key route in Jiangxi province.

  • 04 January 2013
  • Investors' Corner
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    Year-End Rally Continues On Fiscal Cliff Deal Optimism

    With each passing minute, clocks are ticking down for the US White House and Congress to reach a deal before the nation falls off the looming “Fiscal Cliff”.

  • 21 December 2012
  • Singapore Market Commentary
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    Headliners (Olam, Yoma, UOB, Thai Beverage)

    Commodities supplier Olam International saw a sting in its stock price, as it fell as much as 11% on 20 Nov-12 after Muddy Waters founder Carson Block labelled it a “black hole” at the Ira Sohn investment conference in London.

  • 23 November 2012
  • Headliners
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    320x240-SEA Full Steam Ahead Despite Global Adversities

    Southeast Asia: Full Steam Ahead Despite Global Adversities

    For most of this year, woes of the Eurozone debt crisis as well as anaemic labour market and weak consumption growth in the United States have plagued the global stock markets.

  • 09 November 2012
  • Perspective
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    Kingsmen Creatives Showcases Designing Prowess To Ride On Asian Consumerism

    Kingsmen Creatives Showcases Designing Prowess To Ride On Asian Consumerism

    “Western consumers aren’t likely to return to their heydays soon, so global brand names are shifting their focus to Asia where consumers have rising disposable income. Given our experience in roll-out programmes for the retailers, we are confident in securing more projects.”

  • 25 October 2012
  • Corporate Digest
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    Investors’ Corner (GoldenAgr, RafflesMG, UtdEnvirotech, VizBranz)

    The group’s 70%-owned subsidiary has signed a deal to acquire, upgrade and expand an existing industrial waste-water treatment plant in Weifang City, Shandong Province, China; this would make it the group’s 4th acquisition in the industrial treatment space in Shandong.

  • 12 October 2012
  • Investors' Corner
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    SICC2012-1246

    SIC 2012 (English) A Roaring Success

    If you fail to plan, you plan to fail.

  • 14 September 2012
  • In the Spotlight
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    Novo Group To Get New Support Amid China Steel Doldrums

    Considering the challenges in the steel industry, Novo’s earlier decision to branch out into tinplate manufacturing could provide some support in the near future.

  • 06 September 2012
  • Corporate Digest
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    In Far East Hospitality We Trust?

    Hopes were high for a stellar debut by Far East Hospitality Trust (FEHT), the latest and year-to-date’s largest Singapore initial public offering (IPO), on 27 August.

  • 31 August 2012
  • Initial Public Offering
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    Headliners (I-Berhad, Unisem)

    Astro Malaysia Holdings’ profit margins, which held at an average of 19 percent over the last three years, are likely to lure potential investors to participate at the upcoming initial public offering (IPO) exercise.

  • 24 August 2012
  • Malaysia Headliners
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    DBS Posts Sequential Profit Dip, Expects Further NIM Pressure In China

    DBS Group Holdings, South East Asia’s biggest bank by assets, reported a sequential dip in net profit to $810 million in the second quarter ended 30 June.

  • 03 August 2012
  • Corporate Digest
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    Headliners (CIMB Group Hldgs, Uzma, Kumpulan Europlus, VS Industry, M’sian Resources Corp)

    Group chief executive officer (CEO) Datuk Seri Nazir Razak of CIMB Group [SYM: 1023] has received the 2012 Euromoney Award for Outstanding Contribution to Asian financial markets.

  • 26 July 2012
  • Malaysia Headliners
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    Marcus De Maria

    Investment Mastery: Master It With Marcus De Maria

    Surprised that we are still harping on the Eurozone crisis? Or are you thinking out loud, when will there ever be a time where the markets are not that volatile

  • 23 July 2012
  • In the Spotlight
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    Investors’ Corner (CDL HTrust, PerennialCRT, TechOil&Gas, ST Engg)

    Singapore has reached another major tourism milestone with the official opening of the 101ha Gardens by the Bay. With this new attraction and the recently-opened Marina Bay Cruise Centre, the Marina Bay area will strengthen as a tourism cluster that complements Sentosa.

  • 06 July 2012
  • Investors' Corner
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    Global Cotton Market: Turnaround On The Horizon?

    Though cotton is just one of the many commodities that Olam dabbles with in its extensive supply chain management empire, it has pretty much hoarded the limelight during Olam’s recently-released 3Q12 financial results.

  • 25 May 2012
  • Perspective
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    Trek 2000’s Disruptive Technology 2.0 – The FluCard

    “I foresee our FluCard to kill the dummy secure digital (SD) card in three years’ time!”

  • 11 May 2012
  • Corporate Digest
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    XinRen Gets Shareholders’ Nods For Xinjiang Plant Acquisition, On Course For Next Phase Of Growth

    XinRen Aluminum Holdings, an integrated upstream aluminum producer in China, has secured strong approval from its shareholders to acquire an initial 21 percent equity interest in China Leading International Group.

  • 24 April 2012
  • Corporate Digest
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    Private Placements Of Oil And Gas Plays: Dilutive Or Accretive To Earnings?

    After two quarters of near-zero equity issuance, our local stock market saw a slew of private placements in the first quarter of 2012.

  • 12 April 2012
  • Perspective
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    SingTel’s Latest Amobee Acquisition, Not Everyone Going Gaga

    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.

  • 07 March 2012
  • Corporate Digest
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    Can Hyflux’s Tap Continue To Flow Beyond The Home Turf?

    Hyflux, an integrated water management and environmental solutions provider, first came into the public’s eyes for building Singapore’s first Seawater Reverse Osmosis (SWRO) plant in 2005 providing some 136,000 cubic metres of water per day, representing some 10 percent of the nation’s needs.

  • 02 March 2012
  • Corporate Digest
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    40 Years Of Success, Rotary Launches New Brand Identity

    Marking its 40th anniversary, mainboard-listed Rotary Engineering unveiled its new brand identity at the Rotary Regional Conference 2012 yesterday.

  • 17 February 2012
  • Corporate Digest
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    Parkway Life REIT: Resilient Portfolio Stands Tall Amidst Global Uncertainties

    Developed by American demographer Warren Thompson in 1929, the Demographic Transition Model illustrates the many phenomena seen in today’s developed countries.

  • 03 February 2012
  • Corporate Digest
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    ABSD Hits Hard On Property Developers

    “Just how bad can it get?” This was no doubt the unsavoury question that topped the mind of every private residential property developer on 7 December.

  • 16 December 2011
  • Perspective
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    Hoe Leong: Reaping Fruits From Opportunistic Ventures

    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’.

  • 02 December 2011
  • Corporate Digest
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    Indonesia: Realising Its ‘Demographic Dividends’

    Opening ceremony of an international sports meet is a charm offensive opportunity that the host nation seized to present its best to the world. On that count alone, the glitzy opening of the 26th South East Asia Games at Palembang – breathtaking fireworks, captivating light-displays as well as enchanting traditional dances and songs – was a seemingly perfect coming-up party for Indonesia.

  • 18 November 2011
  • Perspective
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    Investors’ Corner (DBS, Sakari, GLP, RafflesMG )

    DBS Group Holdings (DBS) reported 3Q11 profit of $762m, a 4% improvement q-o-q. 9M11 profit was 77% of our FY11 estimate of $3b (78% of consensus $2.944b). Notwithstanding distortion from sharp fall of S$, net interest income inched up 1% on loan. Net interest margins, however, fell 7 basis points (bps) q-o-q to 173bps, driven by a weaker loan-to-deposit spread of 2.05%.

  • 04 November 2011
  • Investors' Corner
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    Investors’ Corner (M1, SGX, Yangzijiang, CapitaRChina)

    M1 reported 3Q11 revenue easing 0.4% y-o-y and 0.2% q-o-q at $244.8m, or around 4% shy of our forecast; net profit climbed 4.1% y-o-y to $41m, it was down 4% q-o-q and was also 4.6% short of our forecast.

  • 21 October 2011
  • Investors' Corner
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    SI Conference 2011: The Quest For Investment Success

    In the aftermath of recent market upheaval, many were left overwhelmed and are in search for investment advice. Embarking on a trail to seek opportunities, more than 2,000 participants turned up for our Shares Investment Conference 2011 on 17 September.

  • 23 September 2011
  • In the Spotlight
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    Headliners (Kian Ann, Yangzijiang, Sino-Env)

    Private sector economists have lowered their growth forecasts for Singapore. According to a quarterly poll by the Monetary Authority of Singapore, 2011 gross domestic product growth projections were cut from 6.2% to 5.3%.

  • 09 September 2011
  • Headliners
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    Double-Dip Recession? What’s In For Investors?

    Relishing the roaring success of its inception last year, our magazine is proud to partner Asia Investment Forum to bring you Shares Investment Conference 2011.

  • 26 August 2011
  • In the Spotlight
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    7 Stock Apps You Should Know About

    With SGX trading non-stop since 1 August, it is not surprising that people who cannot be in front of their computers all day are relying more and more on their smart phones. We review 7 stock apps that investors definitely should know about.

  • 11 August 2011
  • In the Spotlight
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    Eurozone: Restoration In Progress

    Merely three weeks after Greece enacted an additional €78 billion worth of austerity package into its law to pave way for a second sovereign bailout, ugly head of the Eurozone debt crisis reared once again and roiled the global financial markets.

  • 29 July 2011
  • Perspective
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    Investors’ Corner (GLP, StarHub, Super Group, ARA, MapletreeInd, Wilmar)

    GLP has signed a strategic partnership with Unicharm. GLP’s initial project would be a Build-To-Suit (BTS) development in GLP Park Pujia in the Tianjin Xiqing Economic Development Area. Unicharm entered China in 1995 and is building a strong presence through its feminine care and baby care products.

  • 01 July 2011
  • Investors' Corner
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    Vote Of Confidence Secured. End Of The Greek Debt Drama?

    Shouldering a massive responsibility that could trip our shaky world economy into recession, lawmakers of the Greek parliament cast a vote of confidence to back the newly-formed cabinet of Prime Minister George Papandreou. Though the securing of the vote was widely expected, as evident from the rallies of equity markets prior to the vote, it nonetheless offers much relief to investors.

  • 24 June 2011
  • Perspective
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    Investors’ Corner (CoscoCorp, MapletreeCom, Q&MDental, SIA)

    COSCO Corp (S) (COSCO) entered into a US$114m contract with ATP Oil Gas (UK) for the construction of “Octabuoy Topside Module” – Octabuoy Phase 2.

  • 03 June 2011
  • Investors' Corner
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    STX OSV Rides Momentum With Offshore Oil E&P Activities

    Of late, oil has been caught in a tough battle to wriggle its way back to the psychological important level of US$100 per barrel. Notwithstanding the protracted high unemployment in the United States and the contagion of debt from peripheral nations in the Eurozone, oil price is foreseen to have limited downside and would secure a firm footing above US$80 in the long term.

  • 20 May 2011
  • Corporate Digest
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    Tiger Airways Faces Turbulence Ahead

    More than a year since its initial public offering, the shares of Tiger Airways (Tiger) closed on the last trading day of Apr-11 at the exact level which it debuted – $1.50.

  • 06 May 2011
  • Corporate Digest
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    Headliners (Mapletree Commercial Trust, SGX, Think Environmental, SIAS)

    The Mapletree Investments, a property arm of the state-owned Temasek Holdings, is launching what is set to become Singapore’s second largest initial public offering (IPO) this year.

  • 21 April 2011
  • Headliners
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    Ramba Energy: Market Darling Once More

    Flickering conspicuously on the radar screen of investors, shares of Ramba Energy (Ramba) have captured much attention in recent months.

  • 08 April 2011
  • Corporate Digest
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    Singapore-listed REITs Take Heavy Beating As Japan Fights To Contain Earthquake Damages

    Gloomily labeled “the most severe crisis in the past 65 years since World War II”, Japanese Prime Minister Naoto Kan called on his nation to unite as it comes to grips with the destructive aftermath of its largest-ever earthquake.

  • 15 March 2011
  • Perspective
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    Headliners

    Hutchison Port Holdings Trust (HPH Turst) is set to become Singapore’s largest initial public offering (IPO) as it looks to raise up to US$5.8b. Despite the prevailing jittery equities climate which has not been kind to recent IPOs, the Hutchison Whampoa spin-off trust is seeing overwhelmingly enthusiastic response.

  • 11 March 2011
  • Headliners
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    Headliners

    CapitaLand reported a 21% increase in net profit to $1.27b in its FY10 financial results, marking the fifth consecutive year that CapitaLand has delivered profits exceeding $1b. The strong performance was a result of contributions across its businesses in the core markets of Singapore, China and Australia on the back of sales of residential and commercial projects, higher fair value gains for investment properties, and lower impairment charges.

  • 25 February 2011
  • Headliners
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    Headliners

    SATS is expected to face intensifying cost pressures from rising food prices and potential competition from the entry of a third ground-handler at Changi Airport. For 3Q10, SATS posted a 4.1% y-o-y drop in net earnings on the back of higher costs. Analysts have flagged worsening inflationary pressure on food materials as a key risk and a concern for SATS.

  • 11 February 2011
  • Headliners
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