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Viewing By Category : Headliners   |   No. of Articles : 185
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Stock Headliners You Need To Know

China Everbright Water has won the tender for Nanjing Pukou Reusable Water Project in Jiangsu Province with the highest ranking in the overall score rating.

  • Xiu Kai Sua
  • 17 December 2015
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    Stock Headliners You Need To Know

    First Ship Lease Trust has taken delivery of the newly acquired 2007, Japanese-built, 45,998 deadweight tonnage medium range product tanker and has named the vessel FSL Osaka. FSL Osaka was placed in the Hafnia medium range pool immediately after its delivery and is operating in the spot market.

  • Joey Ho
  • 03 December 2015
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    China Sky Chemical Fibre’s wholly-owned subsidiary, Qingdao Zhongda Chemical Fibre, has returned a piece of land where its manufacturing plant is located to the authorities.

  • Xiu Kai Sua
  • 19 November 2015
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    Biosensors International Group has announced that a private-equity arm of CITIC Group Corporation, CITIC Private Equity Funds Management, who currently owns 19.6% of the group, will be purchasing the remaining stocks of the group for $1.1b.

  • Xiu Kai Sua
  • 05 November 2015
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    Stock Headliners You Need To Know

    CapitaLand Mall Trust has disposed Rivervale Mall to a private equity fund managed by AEW for $190.5m. Rivervale Mall is a suburban mall with 3 retail levels and is part of a mixed development with 490 residential units known as Rivervale Crest.

  • Xiu Kai Sua
  • 22 October 2015
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    BBR Holdings’ wholly-owned subsidiary, Singapore Piling & Civil Engineering, has been awarded the design and build contract worth $116m for the construction of the Wisteria Mall and The Wisteria.

  • Xiu Kai Sua
  • 08 October 2015
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    Stock Headliners You Need To Know

    Ascendas REIT aims to acquire an Australian portfolio of 26 prime institutional grade logistics properties, all sited on freehold land and located in core sub-markets with major transport accessibility infrastructure, with a gross leasable area of approximately 630,946 sqm, for AUD1,013m.

  • Xiu Kai Sua
  • 23 September 2015
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    Stock Headliners You Need To Know

    Ascott Residence Trust announced the divestment of 6 properties under ARC-CapitaLand Three Tokutei Mokuteki Kaisha’s portfolio for JPY4.5b, consisting 2 properties each from Kyoto, Saga and Sendai.

  • Xiu Kai Sua
  • 09 September 2015
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    Stock Headliners You Need To Know

    Creative Technology reported a 52.9% expansion in FY15 net loss to US$33.4m, after revenue took a hit (down 14.5%), due to the uncertain and difficult market conditions, which affected product sales.

  • Xiu Kai Sua
  • 27 August 2015
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    Centurion Corporation announced a 36.4% decline in 1H15 net profit despite a 38% increase in revenue.

  • Joey Ho
  • 13 August 2015
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    Fortune REIT announced total revenue of HK$922.6m for 1H15, increasing 13.4% from 1H14, boosting income available for distribution by 12.8% to HK$440.3m.

  • Joey Ho
  • 30 July 2015
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    Stock Headliners You Need To Know

    Singapore’s economy expanded 1.7% y-o-y in 2Q15, falling short of economists’ estimates of 2.7%. Weak manufacturing output, which contracted 4% on a y-o-y basis, extended its 2.7% drop in the previous quarter, weighing down on the economy.

  • Tan Jia Hui
  • 15 July 2015
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    Stock Headliners You Need To Know

    Ace Achieve Infocomm’s revenue for FY15 slipped 1.1% to Rmb235.3m, from Rmb237.8m in FY14. The decline was attributable to lower income from ICT system integration and business support solutions businesses.

  • Joey Ho
  • 02 July 2015
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    Stock Headliners You Need To Know

    COSCO (Guangdong) Shipyard Co, a subsidiary of COSCO Corporation’s (Singapore) 51%-owned unit, COSCO Shipyard Group Co, has entered into a contract valued over Rmb129m to build a research vessel, which is expected to be delivered in 4Q17.

  • Tan Jia Hui
  • 18 June 2015
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    Stock Headliners You Need To Know

    8Telecom International has entered into a conditional sale and purchase agreement to acquire 51% of the issued and paid up capital of Arete M, an information-communications services company, for a total consideration of $2.2m.

  • Joey Ho
  • 04 June 2015
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    Stock Headliners You Need To Know

    Boustead Projects has been awarded a $34m contract to design and build an integrated commercial and logistics facility located at Sungei Kadut Industrial Estate for World Furnishing Hub.

  • Joey Ho
  • 21 May 2015
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    CapitaLand reported a 49.4% rise in 1Q15 turnover to $915m, mainly attributable to higher revenue from development projects in Singapore, China and Vietnam, as well as higher rental revenue from its shopping mall and serviced residences businesses.

  • Tan Jia Hui
  • 07 May 2015
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    AVIC International Maritime Holdings has entered into agreements to collectively acquire the entire stake in Shanghai Catic Industrial Co (SCIC), for Rmb207m (approximately $45m).

  • Tan Jia Hui
  • 23 April 2015
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    Stock Headliners You Need To Know

    EMAS Offshore reported a multiple-fold surge in net profit to US$158.1m for the 6 months ended 28 Feb-15, despite a 9.5% decline in revenue to US$133.6m.

  • Tan Jia Hui
  • 09 April 2015
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    Stock Headliners You Need To Know

    Cambridge Industrial Trust (CIT) has acquired the remaining 40% interest in Cambridge SPV1 from Oxley Projects for a purchase consideration of approximately $11m. Following the completion of acquisition on 20 Mar-15, 3 Tuas South Avenue 4 is now a wholly-owned asset of CIT.

  • Tan Jia Hui
  • 26 March 2015
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    Stock Headliners You Need To Know

    Dairy Farm International Holdings posted a 1.6% rise in net profit to US$509.1m for the financial year ended 31 Dec-14, which included a net US$9m in non-trading gains from disposal of properties.

  • Tan Jia Hui
  • 12 March 2015
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    Stock Headliners You Need To Know

    Asian Pay Television Trust’s revenue gained 4% to $81.8m for the fourth quarter ended 31 Dec-14, underpinned by higher contribution from basic cable television.

  • Tan Jia Hui
  • 26 February 2015
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    Stock Headliners You Need To Know

    Ezra Holdings secured multiple contracts worth US$65m from various energy companies. The scope of work for these contracts includes a wide range of services including installation works for a floating production storage offloading vessel in Africa, as well as various engineering and offshore construction support contracts.

  • Peter Ng
  • 05 February 2015
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    Stock Headliners You Need To Know

    CapitaCommercial Trust reported a 3.1% increase in gross revenue to $66.4m in 4Q14, driven by higher rental rates and occupancies.

  • Tan Jia Hui
  • 22 January 2015
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    Stock Headliners You Need To Know

    City Developments, via its subsidiary, Systematic Holdings, proposed the acquisition of the entire issued share capital of Systematic Laundry & Healthcare Services and Systematic Laundry & Uniform Services.

  • Tan Jia Hui
  • 08 January 2015
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    Stock Headliners You Need To Know

    AEI Corporation has entered into a placement agreement with Well Global Investments (Singapore), who has agreed to subscribe to 20m new shares of the firm at $0.13 per share. The estimated net proceeds from the exercise is $2.6m, which will be used to finance its investment opportunities or acquisitions of other businesses synergistic to its operations.

  • Tan Jia Hui
  • 24 December 2014
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    Stock Headliners You Need To Know

    Cambridge Industrial Trust announced an acquisition proposal of 16 International Business Park, Singapore, for a consideration of $28m. The 3-storey building located within International Business Park in Jurong has a gross floor area of approximately 69,258 sqf and remaining land tenure of 41.6 years.

  • Tan Jia Hui
  • 11 December 2014
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    Stock Headliners You Need To Know

    Amplefield has been awarded a contract worth $233m for the design, execution and completion of main infrastructure works including but not limited to earth filling, road works, street lightings and landscaping works, on a 300 ha parcel of land in Ho Chi Minh, Vietnam.

  • Tan Jia Hui
  • 27 November 2014
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    Stock Headliners You Need To Know

    Fortune REIT posted a 32.8% growth in net property income to HK$867.7m in 9M14, attributable to strong rental reversions, satisfactory returns from completed asset enhancement initiatives and additional income contribution from Fortune Kingswood which was acquired in Oct-13.

  • 13 November 2014
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    Ascendas India Trust’s net property income gained 16.9% to $19.2m for the second quarter ended 30 Sep-14, stemmed from rental income from Aviator which became operational in Jan-14 and positive rental reversions from a few properties.

  • Tan Jia Hui
  • 30 October 2014
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    Stock Headliners You Need To Know

    BBR Holdings (S) was awarded a contract for the installation of a solar photovoltaic (PV) grid-tied system. Under the 25-year agreement, BBR will design, install, commission and maintain the 490 kilowatt (KW)-peak PV system which comprises 1,848 high efficiency multi-crystalline panels to be installed on the rooftop of a warehouse in Singapore.

  • Tan Jia Hui
  • 16 October 2014
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    Stock Headliners You Need To Know

    AEM Holdings agreed to dispose of its 57.7% owned subsidiary, Microcircuit Technology (S) (MCT) for US$3m. MCT is a company that is incorporated in Singapore where its principal activities lie in the design and manufacturing of organic substrates.

  • Tan Jia Hui
  • 02 October 2014
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    Datapulse Technology’s revenue sank 34.6% to $29.5m for the year ended 31 Jul-14, led by weaker demand for existing media storage products and services, while sales of Blu-Ray media storage products and services remained slow.

  • Jonathan Khoh
  • 18 September 2014
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    68-Perspective - Economy

    Stock Headliners You Need To Know

    Advanced Systems Automation proposed the disposal of its property located in Penang, Malaysia, for RM6m (approximately $2.4m).

  • Jonathan Khoh
  • 04 September 2014
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    Stock Headliners You Need To Know

    Asiatravel.com Holdings entered into a memorandum of understanding with Zhonghong Holding Co to facilitate strategic business cooperation and investment opportunities.

  • Tan Jia Hui
  • 21 August 2014
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    Stock Headliners You Need To Know

    CapitaLand’s 2Q14 revenue fell 13.2% to $875.3m, mainly attributable to lower revenue from the group’s development projects in Singapore and China. However, on the back of a higher other operating income, arising from the fair value gain on investment properties combined with a decrease in other operating expenses, net profit rose 14.5% to $438.7m.

  • Tan Jia Hui
  • 07 August 2014
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    Stock Headliners You Need To Know

    800 Super Holdings’ subsidiary, 800 Super Waste Management has been awarded a $204.9m contract by the National Environmental Agency to provide integrated public cleaning services for the South-West region of Singapore.

  • Tan Jia Hui
  • 24 July 2014
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    Stock Headliners You Need To Know

    CapitaLand’s serviced residence business unit, The Ascott (Ascott), has inked deals to manage 2 more serviced residences in Jeddah, Saudi Arabia.

  • Tan Jia Hui
  • 10 July 2014
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    74 - Perspective - Market Data

    Stock Headliners You Need To Know

    Hu An Cable Holdings’ chairman and CEO Dai Zhi Xiang has purchased an additional 6.1m of the company’s shares from the open market, raising his stake in the company from 17% to 17.6%.

  • Tan Jia Hui
  • 26 June 2014
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    Stock Headliners You Need To Know

    Asiasons Capital agreed to acquire 10.7% of the issued and paid-up share capital in EMS Holdings for a purchase consideration of $2.7m. The target company is principally involved in the business of exhibitions and events management.

  • Shane Goh
  • 12 June 2014
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    Stock Headliners You Need To Know

    Ezra Holdings has been awarded contracts totalling more than US$95m across subsea services particularly in the North Sea and Gulf of Mexico for cable lay and subsea installation as well as offshore support services in Africa and Asia.

  • Jonathan Khoh
  • 29 May 2014
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    Stock Headliners You Need To Know

    ComfortDelGro Corporation reported a 9.2% y-o-y growth in revenue to $950.8m in 1Q14, underpinned by positive currency translation effects and growth in all asset segments except for the car rental and leasing business. Consequently, net profit rose 9.7% y-o-y to $63.3m.

  • Shane Goh
  • 15 May 2014
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    Stock Headliners You Need To Know

    Aspial Corporation has acquired a property located in downtown Melbourne for A$26.8m. The freehold low-rise building sits on a land measuring 1,295 sqm.

  • Shane Goh
  • 30 April 2014
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    Cache Logistics Trust agreed to jointly develop and lease a build-to-suit warehouse with a net lettable area of 928.1k sqf located at Greenwich Drive, Tampines LogisPark, with its sponsor, CWT.

  • Nicholas Tan
  • 16 April 2014
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    Stock Headliners You Need To Know

    Ascendas Hospitality Trust has raised $50m via a private placement of 73.5m new stapled securities at $0.68 apiece. The proceeds will be used to partially fund the acquisition of Osaka Namba Washington Hotel Plaza, repay existing debt and general corporate and working capital purposes.

  • Shane Goh
  • 03 April 2014
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    CapitaLand completed the divestment of its remaining 39.1% stake in Australand for A$848.8m or A$3.75 per share, which represents a 3.6% discount to the closing price of Australand’s stapled securities on 18 Mar-14. CapitaLand will channel the proceeds to its core markets of Singapore and China.

  • Nicholas Tan
  • 20 March 2014
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    Stock Headliners You Need To Know

    Singapore Technologies Engineering posted a 12.4% rise in turnover for the quarter ended 31 December 2013 to $1.9b, as contributions from all segments, except Land System, increased. In particular, the marine division enjoyed a surge in shipbuilding activities. Consequently, net profit gained 10.1% to $167.5m. For the 12-month period, turnover jumped 4% to $6.6b while bottom line inched up 0.8% to $580.8m.

  • Peter Ng
  • 06 March 2014
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    Stock Headliners You Need To Know

    Global Logistic Properties’ 3Q14 revenue remained flat, mainly due to the spinning of properties in Japan to GLP J-REIT coupled with the weakening of the Japanese Yen against the US Dollar.

  • Nicholas Tan
  • 20 February 2014
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    Headliners (S’pore Press Hldgs, OCBC, United Envirotech, Mapletree Logistics Trust)

    For the quarter ended 30 Nov-13, Singapore Press Holdings’ (SPH) turnover rose 2% to $328.5m, from $322.1m, credit to its property segment in the form of higher rental income from Paragon and The Clementi Mall.

  • Shane Goh
  • 16 January 2014
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    Headliners (GSH Corp, Vard Hldgs, Fraser & Neave, City Developments)

    Global Strategic Holdings Corporation via its subsidiary, Borneo Ventures, and the investment vehicle of the company’s executive chairman, Sam Goi, have jointly acquired a 77.5 percent stake in The Sutera Harbour Group …

  • Peter Ng
  • 02 January 2014
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    Headliners (Global Tech, Keppel Corp, Albedo, Wilton Resources)

    For the year ended 30 Sep-13, Global Tech (Holdings) saw a 9.9% jump in revenue to HK$110.5m from HK$100.6m last year. This was attributed to the provision of repair services on the back of an expanding product portfolio.

  • Shane Goh
  • 19 December 2013
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    Headliners (CDL Hospitality Trusts, LionGold Corp, Oxley Hldgs, Q&M Dental Group)

    CDL Hospitality Real Estate Investment Trust has purchased a luxury resort, Jumeirah Dhevanafushi which is located in Meradhoo Island, Republic of Maldives.

  • Peter Ng
  • 05 December 2013
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    Headliners (BRC Asia, CapitaMalls Asia, Q&M Dental Group, Soilbuild Construction Group)

    In its latest fiscal year ended 30 Sep-13, BRC Asia posted a 9.4% hike in turnover due to higher quantities of steel delivered, bolstered by buoyant construction activities, particularly in the HDB (Housing and Development Board) sector.

  • Ong Qiuying
  • 21 November 2013
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    Headliners (China Aviation Oil, Dyna-Mac Hldgs, Genting Singapore, Oxley Hldgs)

    China Aviation Oil (CAO) reported 3Q13 net profit of US$21.8m, a 65% y-o-y increase, amid higher share of profits from its associates.

  • Nicholas Tan
  • 07 November 2013
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    Headliners (Yoma, HPH Trust, Keppel Corp, Asiasons, LionGold)

    Yoma To Run Volkswagen’s First Service Centre In Myanmar Yoma Strategic Holdings announced that its 70%-held subsidiary, German Car Industries Company, has entered into a service partner agreement with Volkswagen Aktiengesellschaft. Under the deal, Yoma will operate Volkswagen’s first service centre in Yangon, scheduled to commence operations in Oct-13. The service centre will provide maintenance [...]

  • Shane Goh
  • 24 October 2013
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    Headliners (Koh Brothers, SingTel, AsiaPhos, Boustead)

    Koh Brothers Sets Up First Precast Plant In Iskandar Koh Brothers Group announced that its wholly-owned building materials unit, G&W Group has kick-started operations at its first precast plant in Senai, within Iskandar, Malaysia. The unit invested $13m for 47,000sqm of freehold land for the precast plant, which is expected to boost G&W Group’s precast [...]

  • Ong Qiuying
  • 11 October 2013
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    Headliners (YHM Group, Keppel Corp, LionGold Corp, GLP)

    YHM Group announced that it had secured a contract worth approximately US$183m over a 3-year period with an additional 2-year extendable option to provide a semi-submersible rig.

  • Ong Qiuying
  • 27 September 2013
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    Headliners (City Developments, United Envirotech, GLP,Halcyon Agri Corporation)

    City Developments (CD) announced that Beaumont Properties (Jersey), an indirect wholly-owned subsidiary of the company, has entered into a sale and purchase contract for the acquisition of a freehold property located in close proximity to Harrods at Pavilion Road in Knightsbridge London, United Kingdom, for a consideration of GBP80m (or approximately $159.6m).

  • Wilfred Ng
  • 13 September 2013
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    Headliners (Cordlife Group, KS Energy, Jaya Holdings, Fraser and Neave (F&N))

    Cordlife Group announced that the group recorded a 94.7% y-o-y surge in its net profit of $13.5m in FY13 from $6.9m in FY12. The surge is mainly due to an increase in revenue of 14.6% to $34.7m and an improvement of net profit margin excluding one-off items to 34%.

  • Wilfred Ng
  • 30 August 2013
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    Headliners (Nam Cheong , Super Group, Cordlife, Vard Holdings)

    Nam Cheong reported strong results performance with a jump of 37.3% in net profit to RM76.5m for 1H13, from RM55.7m in the corresponding period last year. The group recorded 43.5% growth in revenue, driven by the robust vessel sales to RM510.1m in 1H13, from RM355.5m in 1H12 with a healthy gross profit margin of 19.5% in 2Q13.

  • Wilfred Ng
  • 16 August 2013
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    Headliners (Raffles Medical Group, Rex International Holding, Courts Asia, Forterra Real Estate)

    Raffles Medical Group posted a net profit of $14.4m for its second quarter ended 30 Jun-13, up 15.9% y-o-y. The group recorded revenue of $86.8m, an increase of 12.9% from $76.9m a year ago, driven primarily by the increase in turnover from its hospital services and healthcare services business segments, which grew 16.8% and 6.8% y-o-y respectively.

  • 26 July 2013
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    Headliners (GLP, Sunpower, CIT, Boustead)

    Global Logistic Properties (GLP) will be commencing the development of GLP Naruohama, a 110,000sqm multi-tenant logistics facility in Greater Osaka.

  • 12 July 2013
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    Bull and bear , symbolic beasts of market trend

    Headliners (Enviro-Hub, Yongnam, Auric, Keong Hong)

    Enviro-Hub Holdings, through a recently formed joint venture, EH Property & Investments, has moved to purchase F2S1 Investment (F2S1). F2S1 is engaged in the business of investment holding of real estate and real estate-related investments and currently holds the property, PoMo, located alongSelegie Road.

  • Shane Goh
  • 28 June 2013
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    Headliners (GuocoLeisure, Jaya Holdings, Innopac Holdings, AsiaMedic)

    GuocoLeisure has rebranded a British unit, Guoman Hotel Management (UK) to GLH Hotels Management (UK) referred to as glh., in preparation for launching three new hotel chains around the world.

  • Shane Goh
  • 14 June 2013
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    Headliners (SPH, Sembcorp Marine, CDL Hospitality Trust, Yoma)

    Singapore Press Holdings (SPH) proposed a REIT listing for 2 of its properties, Paragon and The Clementi Mall.

  • Shane Goh
  • 31 May 2013
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    Headliners (Super Group, United Engineers, Nam Cheong, Olam)

    For the first 3 months of fiscal year 2013, Super Group posted year-on-year increases of 8.8% and 25.2% in its revenue and earnings respectively.

  • Ong Qiuying
  • 17 May 2013
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    Headliners (Overseas-Chinese Bank, Yongnam Hldgs, Lian Beng Group, Indofood Agri Resources)

    Oversea-Chinese Banking Corporation reported a 16.3% decline in earnings for the first quarter ended 31 Mar to $696m from $832m in the year-ago period. Despite the drop, the headline figure came in higher than average projection of $641m.

  • Jade Lee
  • 03 May 2013
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    Headliners (Perennial China Retail Trust, Wilmar International, Keppel Corporation, CCM Group, SingHaiyi)

    Singapore property developer Perennial Real Estate Holdings announced that it has formed a second consortium to develop the second phase of the $2.6b Beijing Tongzhou Integrated Development.

  • Jade Lee
  • 19 April 2013
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    Headliners (CapitaLand, Otto Marine, TA Corp, Loyz Energy)

    CapitaLand is restructuring its 40%-owned Surbana Corporation’s residential development and consultancy businesses.

  • Ong Qiuying
  • 05 April 2013
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    Headliners (Sembcorp Marine, Rickmers Maritime, Midas Holdings, Yongnam Holdings)

    Sembcorp Marine, the world’s second largest offshore oil rigs builder announced on 18 Mar-13 that its subsidiary PPL Shipyard has secured orders for two turnkey contracts valued at US$417m.

  • Jade Lee
  • 22 March 2013
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    Headliners (BBR Hldg, SGX, TigerAir, TTJ)

    BBR Holdings (S), a local construction group, announced that it had clinched $61.6m worth of new contracts between Nov-12 and Jan-13.

  • Choo Hao Xiang
  • 08 March 2013
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    Headliners (CapitaLand, Koh Brothers, Ezion, Singtel)

    CapitaLand Malaysia, the wholly-owned subsidiary of CapitaLand announced that it has entered a joint venture (JV) with Iskandar Waterfront and Temasek to acquire and develop parcels of land in Danga Bay, located in one of the 5 flagship zones in Johor’s Iskandar Malaysia.

  • Louis Kent Lee
  • 22 February 2013
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    (A-HTrust, Boustead, Noble, SMRT)

    Ascendas Hospitality Trust’s (A-HTrust) 3Q13 results ended 31 Dec-12 beat its earnings forecast for a second consecutive quarter. It reported a distributable income of $12.5m (3.6% higher than forecast) on the back of $17.1m in net property income (4.1% higher than forecast).

  • Louis Kent Lee
  • 01 February 2013
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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.

  • Daxx Chong
  • 18 January 2013
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    Headliners (China Essence Group, Keppel Land)

    Singapore’s gross domestic product (GDP) for the three months to 31 Dec-12 grew 1.8% on a seasonally adjusted annualised basis, compared with a revised 6.3% contraction in the third quarter, according to advance estimates by the Ministry of Trade and Industry (MTI).

  • Ong Qiuying
  • 04 January 2013
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    Headliners (COSCO Corp, Keppel Corp, Far East Orchard, Petra Food)

    COSCO Corporation (S) bagged a contract valued over US$370m from a European firm to construct a floating production, storage and offloading (FPSO) unit.

  • Jade Lee
  • 21 December 2012
  • Headliners
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    Headliners (Keppel Corp, Yangzijiang, Mapletree Commercial Trust, Keppel T&T)

    Keppel Corporation had signed a contract with Ukraine state energy firm Naftogaz to build two semi-submersible drilling rigs worth about US$1.2b.

  • Jade Lee
  • 07 December 2012
  • Headliners
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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.

  • Daxx Chong
  • 23 November 2012
  • Headliners
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    Headliners (Keppel O&M, Great Eastern Holdings, Federal International (2000), Rotary Engineering)

    Keppel Offshore and Marine (Keppel O&M), a subsidiary of conglomerate Keppel Corp, said that its overseas yards in the Philippines and the Netherlands have won contracts totalling $160m.

  • Jade Lee
  • 09 November 2012
  • Headliners
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    Headliners (AsiaMedic, Overseas Union Enterprise, Capitaland, Gaylin)

    AsiaMedic, a health screening and medical imaging services provider has signed an MOU with Asia Merit, a Singapore-incorporated firm in the view of exploring setting up healthcare-related facilities in Myanmar.

  • Ong Qiuying
  • 25 October 2012
  • Headliners
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    Headliners (CourtsAsia, SembMar, UOB, MetroHldg)

    Courts Asia has launched its initial public offering (IPO) for a mainboard listing, with 178m shares priced at $0.77 each.

  • Jade Lee
  • 12 October 2012
  • Headliners
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    Headliners (Ezion, First REIT, Rotary, Z-Obee)

    Ezion Holdings, an oil and gas industry service provider, has secured a charter contract and a letter of intent to provide 2 service rigs to be used by a Southeast Asian based national oil company to support its oil and gas activities in the Caspian Sea.

  • Nicholas Tan
  • 28 September 2012
  • Headliners
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    Headliners(TA Corp, GLP, Popular)

    Total mergers and acquisitions (M&A) deals from Singapore into Vietnam has hit a record high of US$72m this year, which represents a more than 3-fold increase from the previous year’s US$23m worth of deals.

  • Ong Qiuying
  • 14 September 2012
  • Headliners
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    Headliners (Ezra, GreatEast, Lian Beng, Nam Cheong)

    Ezra Holdings’ engineering and fabrication division, TRIYARDS Holdings has been granted conditional eligibility to list on the main board of the Singapore Exchange.

  • Jade Lee
  • 31 August 2012
  • Headliners
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    Headliners(SBS Transit, City Dev, Kreuz Hldgs, STX OSV)

    SBS Transit recorded a 53.4% slide in 2Q12 net profit to $4.6m as operating expenses rose 9.8% to $190.5m due partly to higher staff costs from recruitment for the upcoming Downtown Line and pay increments for bus drivers.

  • 17 August 2012
  • Headliners
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    Headliners (Saizen Real Estate Investment Trust, CapitaLand, Sakari Resources, Sunpower Group)

    Saizen Real Estate Investment Trust (Saizen REIT) announced the acquisition of Cosmo Reveur Sangenjaya (CRS) in Tokyo by its TK operator Yugen Kaisha Kokkei for a cash consideration of approximately ¥590m yen ($9.4m).

  • Ong Qiuying
  • 03 August 2012
  • Headliners
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    Headliners (SPH, JB Foods, CapitaMall, K-REIT A)

    Singapore Press Holdings saw a 13.1% fall in its third quarter earnings to $99.8m resulted from a sharp drop in net investment income amid the financial market volatility, where investment income declined 59.9% y-o-y.

  • Ong Qiuying
  • 21 July 2012
  • Headliners
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    Headliners (C&G EP, Hyflux, UE, AIMSAMPI Reit)

    C&G Environmental Protection Holdings has been selected as the first preferred bidder of the Guiyang waste-to-energy project.

  • Ong Qiuying
  • 06 July 2012
  • Headliners
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    Headliners (OrchardP, Maxi-Cash, Boustead Sp, Olam)

    Orchard Parade Holdings (OPH) has proposed injecting its three hospitality assets into a hospitality trust which will be listed on the Singapore Exchange.

  • Jade Lee
  • 22 June 2012
  • Headliners
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    Headliners (TigerAir, LionGold, Swiber)

    Malaysian lottery operator, Berjaya Sports Toto (BST), intends to list its subsidiary, Sports Toto Malaysia (STM) on the Singapore Exchange according to statements released.

  • Jade Lee
  • 08 June 2012
  • Headliners
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    Headliners (SingTel, PSL Hldg, Swee Hong, Fragrance)

    Singapore Telecommunications (SingTel) announced that it has signed an agreement to acquire the whole of GTW Holdings, which owns Singapore’s popular restaurant review site HungryGoWhere. By taking GTW under its wing of subsidiaries, SingTel will be merging the site with its lifestyle and local search site inSing.com.

  • Jade Lee
  • 25 May 2012
  • Headliners
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    Headliners (EzionHldg, OCBC Bk, Semb Corp, StarHub)

    Ezion Holdings, a provider of multi-purpose self-propelled jack-up rigs, service rigs and offshore logistics support services reported a 20th consecutive quarter of growth.

  • Scott Lee
  • 11 May 2012
  • Headliners
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    Headliners (Fragrance, CNMC, Semb Corp)

    Fragrance Group and Aspial Corporation’s property development arm, World Class Land, announced on 24 April-12 that it would be incorporating a new special purpose company, Bayfront Ventures.

  • Simeon Ang
  • 27 April 2012
  • Headliners
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    Headliners (Genting SP, ST Engg, DBS)

    Genting Singapore is planning a second round of perpetual issue of $500m after its first successful $1.8b offering.

  • Ong Qiuying
  • 13 April 2012
  • Headliners
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    Headliners (GP Hotels, Bumitama, MapletreeLog, SeeHS)

    Global Premium Hotels, the hospitality arm of property company Fragrance Group, is set to list on the Singapore Exchange after having lodged its preliminary prospectus with the Monetary Authority of Singapore.

  • Andy Chor
  • 30 March 2012
  • Headliners
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    Headliners (VDH Energy, SembMar, MapletreeLog, SeeHS)

    Van Der Horst Energy (VDHE) has inked an agreement with LD Commodities Metals Asia, to sell a 51% stake in its wholly owned subsidiary GKE Metal Logistics for $8m. According to its filing, the subsidiary engages in metal logistics services in Singapore and Shanghai and is a warehouse operator approved by the London Metal Exchange (LME) to take custody of non-ferrous metals traded on the LME.

  • Andy Chor
  • 16 March 2012
  • Headliners
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    Headliners (Treasury China Trust, Q&M Dental Group, Swiber Holdings, Berlian Laju)

    Treasury China Trust (TCT) has announced FY11 earnings of $235.5m underpinned by net property income of $58.1m. The bulk of the trust’s earnings came from a gain in fair value of investment properties which amounted to $312.5m.

  • Jade Lee
  • 02 March 2012
  • Headliners
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    Headliners (SMRT Corp, Cerebos Pacific, Tiger Airways Hldgs)

    Singapore’s unemployment rate encouragingly fell to a 14-year low in 2011.

  • Andy Chor
  • 03 February 2012
  • Headliners
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    Headliners (CapitaLand, Keppel Corp, Ezra, KSH)

    CapitaLand has led a consortium, established with CapitaMall Asia and Singbridge Holdings, to seal a cooperation agreement with the Chongqing government.

  • Simeon Ang
  • 13 January 2012
  • Headliners
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    Headliners (Sembcorp, Hyflux, Hiap Seng, Olam)

    Sembcorp Utilities (Sembcorp) is reportedly vying to build Oman’s latest desalination plant, the US$350-400 million ($454-519 million) Ghubrah independent water project (IWP).

  • Simeon Ang
  • 30 December 2011
  • Headliners
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    Headliners (UOB-Kay Hian Hldgs, Hyflux, Sembcorp Industries, Yangzijiang Shipbuilding Hldgs, SingTel, StarHub, M1)

    UOB-Kay Hian Holdings (UOB-Kay Hian), Singapore’s largest stockbroking group, has entered a share purchase agreement to acquire Malaysian licensed broker Innosabah Securities (Innosabah).

  • Andy Chor
  • 16 December 2011
  • Headliners
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    Headliners (Loyz Energy, DBS Group , Wee Hur Holdings, Global Logistics Properties)

    Wee Hur Holdings (Wee Hur) has been awarded a $159.3m public housing building contract from the HDB.

  • Jade Lee
  • 02 December 2011
  • Headliners
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    Headliners (Genting Singapore, Fraser & Neave, Sheng Siong, Oceanus Group)

    Genting Singapore (GS) posted a four-fold jump in 9M11 earnings, mainly attributed to the full nine months operations of Singapore IR as well as the one-off gain on disposal of available-for-sale financial assets of $45.6 million in 2011.

  • Jade Lee
  • 18 November 2011
  • Headliners
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    Headliners (Great Eastern, Hartawan, Eastgate)

    In statistics released by the Ministry of Manpower on 31 Oct, Singapore’s unemployment rate fell slightly to 2% in the third quarter of this year. This slight improvement from 2.1% in the previous quarter was due to more jobs being created.

  • Simeon Ang
  • 04 November 2011
  • Headliners
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    Headliners (Keppel T&T, K-Reit, LionGold)

    Keppel Telecommunications and Transport’s profit more than doubled to $35.6 million from $15.7 million for the third quarter ended 30 Sep-11.

  • Gerald Teo
  • 21 October 2011
  • Headliners
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    Headliners (Aspial, SG Banks, Hong Leong Asia, LMIR Trust)

    In August, Aspial Corporation was awarded the land parcel located at Woodlands Avenue 2/Rosewood Drive by the Urban Redevelopment Authority (URA), which it had submitted a bid for $151.5m in a joint tender exercise with Fragrance Group earlier.

  • Ong Qiuying
  • 07 October 2011
  • Headliners
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    Headliners (Rotary, UOL, M1, StarHub, STXOSV)

    Rotary Engineering has bagged 10 new deals worth S$110m in the past three months. Some three-quarters of the $110 million is understood to be for the construction of two of three petrochemical plants that Taiwan’s Chang Chun group is building on Jurong Island​.

  • Jade Lee
  • 23 September 2011
  • Headliners
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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%.

  • Daxx Chong
  • 09 September 2011
  • Headliners
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    Headliners (Cosco, Hyflux, Tiger Airways, Keppel Corp, Yangzijiang, Man Utd, Technics Oil)

    DBS Vickers Securities (DBS Vickers) has cut the full-year earnings forecasts for several industries, taking examples of COSCO Corporation (Singapore), Hyflux and Tiger Airway.

  • Jade Lee
  • 26 August 2011
  • Headliners
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    Headliners (Yongnam, GLP, KingWan)

    Singapore’s economy grew by 0.9% on a year-on-year (yoy) basis in 2Q11 while a 6.5% contraction on a quarter-on-quarter basis, a reversal from a growth of 27.2% in the preceding quarter.

  • Jade Lee
  • 12 August 2011
  • Headliners
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    Headliners (Starhill Gbl, RafflesMG, Far East Group, Kyodo-All )

    Starhill Global REIT delivered an improved distribution per unit for 2Q11 ended 30 June, up by 14.3% to 1.04 cents from 0.91 cents a year ago.

  • Gerald Teo
  • 29 July 2011
  • Headliners
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    Headliners (China Fish, Yanlord, UOB, Commonwealth, STX OSV, ST Engineering)

    China Fishery Group and Yanlord Land Group, two S-chips among 49 Chinese entities red-flagged by ratings agency Moody’s, have seen their shares fall 3.2% to $1.64 and 3.7% to $1.185 respectively on 12 Jul.

  • Jade Lee
  • 15 July 2011
  • Headliners
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    Headliners (TCT, OCBC, AnwellTech, Biosensors)

    Treasury China Trust (TCT) has taken a rebuttal stance following concerns raised in a Phillip Securities research report. The house earlier cited a potential office supply glut in Shanghai as a main threat, highlighting that one million square metres of new office supply is projected to come on-stream for the year and that represents a staggering three times of the average historical annual supply.

  • Jade Lee
  • 01 July 2011
  • Headliners
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    Headliners (PerennialCRT, Sim Lian, TCT, Q&M, SingPost)

    Perennial China Retail Trust (PCRT), whose listing was delayed and debut price slashed from the initially planned amount of $1 apiece, traded 11.4% below its IPO price of $0.70 on 14 Jun. The trust, as the only pure-play China retail real estate owner and developer listed in Singapore, is managed by a firm controlled by former CapitaLand retail chief Pua Seck Guan.

  • Jade Lee
  • 17 June 2011
  • Headliners
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    Headliners (Perennial China, COSCO, GLP, China Healthcare)

    Citing potentially more rewarding returns for investors, Perennial China Retail Trust (PCRT) has confirmed that units will be priced at 70 cents each for its IPO, significantly lower than the $1 per unit which it had planned previously.

  • Ong Qiuying
  • 03 June 2011
  • Headliners
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    Headliners (Noble Grp, Keppel Corp, NOL, UOL Grp)

    Australian miner Gloucester Coal said it will buy Donaldson Coal Holdings from its major shareholder Noble Group for A$360m. The deal will deliver Gloucester more thermal and coking-coal mines and give it access to new port capacity. Gloucester said it planned to raise A$230m through an equity issue at A$9 per share, a 9% discount, to partly fund the deal, which includes acquiring Monash Group, an undeveloped semi-soft coking coal and thermal coal opportunity.

  • Jade Lee
  • 20 May 2011
  • Headliners
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    Headliners (SMRT, Indofood Agri, DBS, Oceanus)

    SMRT posted a 1.1% dip in its FY10 earnings to $161.1m on higher staff and energy costs, as well as other operating expenses.

  • Jade Lee
  • 06 May 2011
  • Headliners
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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.

  • Daxx Chong
  • 21 April 2011
  • Headliners
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    Headliners (SGX, ASX, GMG Global, BBR Hldgs, Shanghai Asia Hldgs)

    GMG Global has temporarily stopped its operations in Ivory Coast due to a country-wide curfew and disruption in transportation.

  • Jade Lee
  • 08 April 2011
  • Headliners
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    Headliners (XMH Hldgs, Falmac, Fastube, Keppel)

    Diesel engine distributor XMH Hldgs’ (XMH) 9M11 revenue increased 12.9% y-o-y to $53.4m supported by broad-based growth. Its operating profit in 9M11 would have been higher at $12.2m if the one-off IPO expenses of $1.4m were excluded.

  • Gerald Teo
  • 25 March 2011
  • Headliners
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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.

  • Daxx Chong
  • 11 March 2011
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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.

  • Daxx Chong
  • 25 February 2011
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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.

  • Daxx Chong
  • 11 February 2011
  • Headliners
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    Headliners

    ComfortDelGro Corporation has been awarded 800 new taxi licences by the Chengdu Municipal Government, making it the second largest taxi operator in the city with 1,050 taxis.

  • Gerald Teo
  • 28 January 2011
  • Headliners
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    Headliners

    Hyflux’s subsidiaries have signed concession agreements with the government of Chongqing City, Hechuan District, to develop three water projects at the Hechuan Industrial Park in Chongqing City, China.

  • Gerald Teo
  • 14 January 2011
  • Headliners
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    Headliners

    Mapletree Logistics Trust (MLT) completed the acquisition of N S Tang Building located in Loyang Industrial Estate, Singapore from N.S. Tang (Pte) Ltd at a purchase price of $13.8m.

  • Gerald Teo
  • 31 December 2010
  • Headliners
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    Headliners

    EMS Energy (EMS) has secured a US$12m contract from Koastal Industries to design, manufacture and commission a pipelay system for Vietnam oil company, Joint Venture Vietsovpetro.

  • Gilbert Chia
  • 17 December 2010
  • Headliners
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    Headliners

    China Fishery Group reported a 23.5% increase in net profit to US$116.5m for the full year ended 28 Sep-10. Revenue rose 10.4% from US$488.2m to US$538.9m.

  • Gilbert Chia
  • 03 December 2010
  • Headliners
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    Headliners

    Olam International has enlarged its footprint in Africa through two key deals with the Gabonese government, a US$1.3b ammonia-urea fertilizer production plant project, and a US$236m investment plan for palm plantations.

  • Jade Lee
  • 19 November 2010
  • Headliners
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    Headliners

    Oversea-Chinese Banking Corp, Singapore’s second-biggest lender, posted a 27% rise in quarterly profit on falling bad debt charges and higher insurance income, beating expectations.

  • Gilbert Chia
  • 04 November 2010
  • Headliners
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    Headliners

    Shipbuilder STX Europe’s offshore support vessels unit, STX OSV, has lodged its preliminary prospectus with the Monetary Authority of Singapore, and is expecting to raise a net proceed of US$400m.

  • Jade Lee
  • 22 October 2010
  • Headliners
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    Headliners

    Mainboard listed United Envirotech, a leading membrane-based water and wastewater treatment solutions provider, have acquired 60% of its associate company, Guangzhou Linhai Envirotech Co for Rmb23m.

  • Gilbert Chia
  • 08 October 2010
  • Headliners
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    Headliners

    Midas Holdings (Midas) has received in-principle approval from the Stock Exchange of Hong Kong (HK) for its proposed secondary listing – a global offering of 220m new shares to raise up to HK$1.27b ($218.6m) in net proceeds.

  • Jade Lee
  • 24 September 2010
  • Headliners
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    Headliners

    Golden Agri-Resources (GAR)’s supplementary Golden Veroleum (GVL), and the government of Liberia have announced a partnership for the cultivation of sustainable palm oil by the company and by Liberian smallholders and farmers, mill processing and value-added manufacturing.

  • Jade Lee
  • 09 September 2010
  • Headliners
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    Headliners

    Wilmar International (Wilmar) said it will buy an Indonesian sugar refinery, PT Jawamanis Rafinasi (JMR), and a Singapore sugar trading firm, Windsor & Brook Trading, to complement the development of its plantations in Papua. The company said it had bought JMR with a throughput of 1,000 tonnes per day (tpd), but is licensed to increase it up to 1,600 tpd. Its refinery caters to the industrial sugar market with a customer base comprising multi-national corporations and large Indonesian food manufacturers.

  • Jade Lee
  • 27 August 2010
  • Headliners
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    Headliners

    Olam International (Olam) has issued US$250m ($337m) in unsecured bonds, the leading global, integrated supply chain manager of agricultural products and food ingredients said in a statement on the Singapore Exchange. The Bonds have a maturity of 10 years, which provides Olam with long term financing, enabling it to further term out its debt maturity profile.

  • Jade Lee
  • 13 August 2010
  • Headliners
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    Headliners

    Raffles Medical registered a 20.3% rise in its 2Q10 earnings

  • Jade Lee
  • 30 July 2010
  • Headliners
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    Headliners

    Singapore Press Holdings (SPH) posted a 29.9% jump in its 3Q10 net profit contributed mainly by higher advertising sales and higher contribution from its property segment.

  • Jade Lee
  • 16 July 2010
  • Headliners
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    Headliners

    Stamford Tyres posted a 9-fold jump in its FY10 results mainly attributed to forex gains as well as savings in financial cost from better inventory management.

  • Jade Lee
  • 02 July 2010
  • Headliners
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    Headliners

    Noble Group, the global supplier of agricultural, energy, metals and mineral products, has acquired a 51% stake in PT Henrison Inti Persada to develop about 32,500 ha of land for palm oil production in Sorong Regency, West Papua Province, Indonesia.

  • Jade Lee
  • 18 June 2010
  • Headliners
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    Headliners

    Indonesia’s Lippo Group is selling an undisclosed number of its shares in property group Overseas Union Enterprise (OUE). Meanwhile, OUE is planning to issue up to $200m in convertible notes due 2015.

  • Jade Lee
  • 04 June 2010
  • Headliners
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    Headliners

    British-based Prudential will be heading for a secondary listing of its shares in Singapore, and a primary listing in Hong Kong on May 25, with the launch of US$21b (S$29.2b) rights issue. pr

  • Jade Lee
  • 21 May 2010
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    Headliners

    C&G Industrial (C&G) has secured a $110.6m (Rmb550m) build, operate and transfer (BOT) project for a new waste-to-energy (WTE) plant in Xiaogan City, located in Hubei province, China, for a concessionary period of 27 years.

  • Jade Lee
  • 07 May 2010
  • Headliners
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    Headliners

    Having just built up its cash mountain with a $38m share sale, the company is ready to launch into another acquisition spree in Europe, the Middle East, the US and Australia.

  • Jade Lee
  • 22 April 2010
  • Headliners
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    Headliners

    Foshan-based Debao Property Development is seeking a Singapore mainboard listing, aiming to raise $47.93m in net proceeds from its initial public offering (IPO).

  • Jade Lee
  • 09 April 2010
  • Headliners
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    Headliners

    Structural steel specialist TTJ Holdings is launching its initial public offering of 110m new shares at $0.20 each, in conjunction with its listing on the main board of the Singapore Exchange.

  • Jade Lee
  • 26 March 2010
  • Headliners
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    Headliners

    A study by CB Richard Ellis (CBRE) shows that the average transaction value of private homes sold in the primary market in the first 2 months of the year rose to $1.78m per unit, as developers released more upmarket projects.

  • David Lee
  • 12 March 2010
  • Headliners
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    Headliners

    Oslo-listed Golden Ocean Group (GOG) has received regulatory approval for a dual-listing in Singapore, according to the SGX yesterday.

  • David Lee
  • 26 February 2010
  • Headliners
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    Headliners

    According to Elliott Wave International (EWI), Asian stocks may decline for months after forming a ‘top’ that signals the end of a 10-month rally

  • David Lee
  • 05 February 2010
  • Headliners
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    Headliners

    Ryobi Kiso Hldgs, a piling and geoservices specialist, has launched its IPO for a Singapore Exchange mainboard listing.

  • David Lee
  • 22 January 2010
  • Headliners
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    Headliners

    Of the 154 Catalist companies, 14 have yet to find a sponsor as of Jan 6, 2010 with less than a month left before the Feb 5 deadline arrives.

  • David Lee
  • 08 January 2010
  • Headliners
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    Headliners

    Low-cost carrier Tiger Airways has lodged its preliminary prospectus with the MAS as it seeks to raise IPO funds on the SGX to enable aircraft acquisitions

  • David Lee
  • 24 December 2009
  • Headliners
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    Headliners

    Policy-makers in the world’s major economies are likely to wait many more months before they rein in economic stimulus measures, even in Asia, where many economies have rebounded rapidly

  • David Lee
  • 11 December 2009
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    Headliners

    Singapore’s October CPI fell for a seventh consecutive month, down 0.8% on-year vs 0.4% drop in September due to lower housing and recreation costs, based on government data. The median forecast from a Dow Jones Newswires poll of seven economists was for CPI to have fallen 0.5% from a year earlier.

  • David Lee
  • 26 November 2009
  • Headliners
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    Headliners

    SingTel’s 2Q Net Profit Up 19% To $952m
    Southeast Asia’s largest telco SingTel has reported an 18.8% yoy rise in net profit for 2Q10 ended 30 September, thanks to robust performance in its Singapore and Australia businesses and strong earnings recovery by its Indonesian associate, Telkomsel.

  • David Lee
  • 13 November 2009
  • Headliners
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    Headliners

    The Consumer Confidence Index (CCI) in Singapore has increased from 88 to 110 in 3Q09 as recovery from the economic crisis continues (neutral point being 100).

  • David Lee
  • 30 October 2009
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    Headliners

    According to China Ocean Shipping (Group) (Cosco), the parent of SGX mainboard-listed COSCO Corp (S), the Baltic Dry Index may surge more than 80% by the end of 2009 on increased demand for shipments to PRC. The index, a yardstick for measuring shipping costs for commodities, may rebound to rebound to 4,000 points as local governments encourage factory output, especially of steel.

  • David Lee
  • 02 October 2009
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    Headliners

    Analysts said anticipated lower home sales brought forth by the Singapore government’s recent scrapping of interest absorption scheme (IAS) and interest-only housing loan, could result in slowdown in housing loans growth, therefore hitting the 3 local banks’ profits, according to a report from The Business Times. The Royal Bank of Scotland (RBS) in particular, expects the earnings of the 3 local banks to be reduced by around 0.5% through a negative impact on both volumes and margins.

  • David Lee
  • 18 September 2009
  • Headliners
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    Headliners

    Labour chief Lim Swee Say has pointed out that the outlook for Singapore’s wafer fabrication industry is encouraging and that the global semiconductor revenue is expected to rise to $250b in 2010 and continue to grow in 2011, though at a slower rate.

  • David Lee
  • 04 September 2009
  • Headliners
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    Headliners

    Property giant CapitaLand announced that it has deployed about $1b from its $1.8b rights issue earlier this year to increase the respective capital base of its PRC, Vietnam and Ascott businesses. $500m will go to CapitaLand China Hldgs, $299m to CapitaLand (Vietnam) Hldgs and $200m to serviced apartment chain The Ascott Group.

  • David Lee
  • 21 August 2009
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    The Manufacturing sector expanded in July for a 3rd straight month after having contracted over 8 consecutive months, according to latest figures from the Purchasing Managers’ Index. The index crept up 0.4 point from June to 51.5 points, thanks to further expansion in new orders and new export orders.

  • David Lee
  • 07 August 2009
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    The sea freight container sector is set to remain weak going into 2010 as uncertainty over the pace of world economic recovery and fleet oversupply continues to dog the sector. In a forecast report by London-based shipbroker Clarksons, the volume of container trade will contract 8.3% this year versus growth of 4.8% in 2008.

  • David Lee
  • 24 July 2009
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    According to economists at Barclays Capital, the Singapore economy should recover in y-o-y terms by 4Q09, with GDP increasing 2.2% – after 5 quarters of declines – boosted by the opening of 3 biologics plants and the anticipated opening of Shell’s US$3b petrochemical cracker in that quarter.

  • David Lee
  • 10 July 2009
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    Starhill Global REIT, which owns stakes in Wisma Atria and Ngee Ann City in Singapore, has said it will raise $337.3m through a rights issue, making it the 5th REIT this year to raise funds by issuing new units.

  • David Lee
  • 26 June 2009
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    Oil price has stormed back above a 7-month high of US$70.32 per barrel in recent weeks, spurred by a weakening US$ and strong car sales figures from PRC. Since February, oil prices have rallied sharply in line with equities and credit markets as investors started to position themselves for global economic recovery powered by Chinese consumption.

  • David Lee
  • 12 June 2009
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    India’s largest wireless operator, Bharti Airtel, has revived talks with South African operator, MTN Group, of a possible combination between two of the world’s emerging telecom giants.

  • Lai Wyai Kay
  • 29 May 2009
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    The US economy is expected to begin growing in 2H09, while the jobless rate is expected to peak in 1Q10, according to a survey of top forecasters in the Blue Chip Economic Indicators newsletter for May.

  • David Lee
  • 15 May 2009
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    Tentative steps towards economic recovery took another stumble as global markets factored in the threat of a global pandemic. The flu strain at the heart of the outbreak, H1N1, takes its name from the fact that it infects pigs.

  • Lai Wyai Kay
  • 01 May 2009
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    Weakening economic conditions prompted another revision to growth forecasts as flash estimates for first quarter growth painted a gloomier picture.

  • Lai Wyai Kay
  • 17 April 2009
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    According to the International Air Transport Association (IATA), the airline stocks may have already bottomed out by pricing in the poor 4Q results and the slump in traffic.

  • David Lee
  • 03 April 2009
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    After recent cash calls by Temasek-linked companies (TLCs) DBS Group, CapitaLand and Chartered Semiconductor, non-Temasek names such as UOB, Suntec REIT and possibly Parkway Holdings could follow suit, according to DMG & Partners Securities.

  • David Lee
  • 20 March 2009
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    Under new Singapore Exchange (SGX) rules taking effect on March 24, companies must announce the use of funds once the money is being ‘materially disbursed’ and whether it is used as intended. If there is a material deviation in the use, the company must explain the reason.

  • David Lee
  • 06 March 2009
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    ST Engineering’s net profit for the fourth quarter ended 31 December 2008 has fallen 30.1% to $102.3m YoY. However, sales rose 3.8% to $1.35b in the same period. For the full year, the company made a net profit of $473.6m, down 6% YoY, even though turnover was up 6% at $5.34b.

  • David Lee
  • 20 February 2009
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    Lippo-Mapletree Indonesia Retail Trust (LMIR Trust) has announced a distributable income of $3.2m for 4Q08 ended 31 December 2008, 79% below its forecast of $15.5m. Distribution per unit (DPU) for the period thus fell short of its forecast of $0.0145 at $0.003. For FY08, distributable income was $59.5m, 14% lower than its forecast of $68.9m while DPU was $0.056 against its forecast of $0.0648.

  • David Lee
  • 06 February 2009
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    Mainboard-listed Chemoil Energy, which already has presence in the world’s three largest ports of Singapore, Fujairah and Rotterdam, will start supplying bunker fuel at Indian ports early this year through its 50:50 joint venture with Adani Enterprises

  • David Lee
  • 16 January 2009
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    Poor market sentiment is slowing Transcu Group’s compliance placement exercise and trading in the counter will stay suspended

  • David Lee
  • 19 December 2008
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    Singapore Airport Terminal Services (SATS) has inked a conditional sale and purchase agreement with Ambrosia Investment (Ambrosia)

  • David Lee
  • 05 December 2008
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    Straits Asia Resources, which owns two coal mines in Indonesia, has secured a US$300m loan from Standard Chartered Bank.

  • David Lee
  • 21 November 2008
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    CapitaLand is expected to recognise a gross gain of about $43m from divesting the property.

  • David Lee
  • 22 September 2008
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    Property giant CapitaLand said that it will realise a total portfolio gain of $313m from injecting four Raffles City assets in China as seed assets

  • David Lee
  • 29 August 2008
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    Just two months after it launched a $1b preference share offering, OCBC Bank is launching another issue of 10m preference shares to raise up to $1.5b.

  • David Lee
  • 15 August 2008
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    The trust has gained around 8% since the start of the year, beating the benchmark index’s 16% fall.

  • David Lee
  • 01 August 2008
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    DBS Asset Management is one of three financial institutions granted licences to set up Islamic fund management operations in Malaysia, according to report by Business Times.

  • David Lee
  • 18 July 2008
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    The converted 127,540 deadweight tonne Lewek Arunothai further enhances the Group’s fleet capability and has already landed EOC a US$400m charter contract

  • Clement Kan
  • 04 July 2008
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    Former Jade Technologies Holdings President Anthony Soh has filed claims in Australia against collapsed broker Opes Prime Group

  • 20 June 2008
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