Forget Password?
  1. Indices
  2. Commodities
  3. Currencies
Straits Times 3,159.68 +0.88 +0.03%
Hang Seng 26,435.67 -33.28 -0.13%
Dow Jones 26,935.07 -159.72 -0.59%
Shanghai Composite 3,006.45 +7.17 +0.24%
Daily Bulletin – 11/02/09
Daily Bulletin | 11 February 2009
Related stocks:

Wall St Tumbles On Stimulus Plan Announcement
Big name banking stocks were among the heaviest losers on Wall Street on Tuesday after Tim Geithner, the US Treasury Secretary’s much-awaited financial sector rescue proposals failed to instil investors in the stricken sector with confidence. The S&P 500 closed down 4.9% at 827.16, paring the gains since US President Obama’s inauguration day to just 2.7%. The benchmark index stands 4.8% below its 50-day moving average and less than 10% away from an 11-year low hit last November. The Dow finished 4.6% weaker at 7,888.88 and the Nasdaq Composite Index 4.2% lower at 1,524.73.

SMRT Signs Lucrative 6-Year Contract With Nakheel In Dubai
SMRT Corporation has signed a 6-year contract with Nakheel, Dubai’s master developer, for the operation and maintenance of Palm Monorail on Nakheel’s iconic Palm Jumeirah development in Dubai. The contract sum is estimated at AE$50m annually. SMRT will be responsible for the overall operations management and maintenance of the monorail. Being the first of its kind to be completed in the Middle East, the monorail will open to the public in April this year.

StarHub’s FY08 Net Profit Declines 6% To $311m
StarHub has recorded a net profit decline of 6% to $311m despite total revenue growth of 6% to $2.1b for FY08 ended 31 December 2008. Increases in operating, interest and tax expenses have resulted in the lower net profit. Nevertheless, EBITDA remains stable at $644m and the company is recommending a final dividend of $0.045, totaling $0.18 for the full year.

Company Profit Guidances And Updates
Hosen Group expects to report a net loss for FY08 ended 31 December 2008 as a result of one-off expenses arising from transaction costs associated with the proposed acquisition of More Winner Investment and allowance for impairment loss on the loan to the target company.

Sitra Holdings expects to show a loss for FY08 ended 31 December 2008 primarily due to translation losses resulting from the weakening of several Asia-Pacific currencies against the US.

JES International Holdings expects to report a loss for 4Q08 ended 31 December 2008 due to a rise in the cost of production and the depreciation of the US Dollar against Renminbi. On a full year basis, the company expects to remain profitable though.

Reyphon Agriceutical expects its FY08 profits ended 31 December 2008 to be significantly lower compared to previous year due to decline in sales revenue and gross margin as well as increase in operating expenses.

AA Group expects to incur losses for FY08 ended 31 December 2008 as its 2H08 net profit was not good enough to offset the heavy losses suffered from inventory costs purchased in 1H08.

StarHub  1.320 +0.020 +1.54%   
Business: [FY18 Turnover] Mobile (34.9%), sale of equipment (22.4%), enterprise fixed (21.6%), pay TV (13.2%), broadband (7.9%).

Insight: May-19, 1Q19 total revenue rose 6% to $596.8m attr... Read More
Hosen Group  -- -- --   
Business: Co is a leading importer, exporter & distributors of fast moving consumer goods, specialising in packaged foods. [FY18 Turnover] House brands (74.2%), non-house brands (25.8%).

Insight: Mar-19, FY18 revenue rose 4.5% due to higher reven... Read More
Sitra Hldgs (Int'l)  -- -- --   
Business: Distributor of quality wood-based products & lifestyle outdoor furniture. [FY17 Turnover] Wood-based products (96%), lifestyle outdoor furniture and others (4%).

Insight: Feb-18, FY17 revenue declined by 5.3% to $16.7m ma... Read More
JES Int'l Hldgs  -- -- --   
Business: Co engaged in the trading & manufacturing of plastic products, foodstuffs, household insecticides, seasoning, beverages & infant-care products.

Insight: Aug-18, 1H18, Co did not generate any revenue but ... Read More
AA Group Hldgs  0.009 -- --   
Business: Co is engaged in the supply and manufacturing business. [FY18 Turnover] Leasing and service income (45.6%), ready-mix concrete products (39.3%), articles of concrete, cement and plaster (15.1%).

Insight: Mar-19, FY18 revenue increased 74.1% to $19.5m in ... Read More

Join The Conversation
The Shares Investment editorial team welcomes constructive feedback on our coverage and content. We would also be delighted to answer any questions on the above article. Leave us a comment below, and we'll get back to you shortly!

All Rights Reserved. Pioneers & Leaders (Publishers) Pte Ltd. Best viewed with Mozilla Firefox 3.5 and above.