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Headliners
Headliners | 07 May 2010
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By: Jade Lee
Articles (97) Profile

C&G Secures 3rd Waste-To-Energy BOT Project
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. The Xiaogan plant will be completed in two phases, with phase 1 set to commence operations in 1H12, and phase 2 to commence operations in 1-2 years after Phase 1 starts operations. Both phases of the plant can generate up to 76m kWh of electricity per annum after completion. The green nature from which electricity is produced enables C&G to tap into a series of PRC Government subsidies to spur renewable energy use. With the addition of the new project, C&G will have a total of 10 WTE projects across Fujian, Hubei, Liaoning and Hebei, with an aggregate municipal solid waste treatment capacity of 10,050 tons per day.

Wilmar To Revisit Shelved IPO For Its China Businesses
Wilmar’s extensive network and business in China have urged investors to demand for the former to revisit a shelved IPO for its China businesses, possibly this year. BNP Paribas believes that Wilmar will revisit the IPO as super-charged growth in China’s economy, higher incomes and rural-to-urban migration have contributed to stronger demand in all the sectors it’s invested in. Wilmar’s integrated China operations account for 44.7% of its US$10.3b assets. The company is gaining a competitive advantage as Beijing in April has stopped approving permits to import Argentine soyoil, a commodity that competes with Wilmar’s domestically crushed oilseeds in China and imported palm oil.

Swiber Secures US$148m Deal In South Asia
Swiber successfully secured an award worth US$148m ($203m) from an oil and gas operator in South Asia. The EPIC (engineering, procurement, installation and construction) contract involves the installation of several pipelines in South Asia, as well as platform modifications. Offshore work will start in the last quarter of this year and should be completed by 2Q11. ‘South Asia continues to be a key market for the group,’ said Raymond Goh, executive chairman and group chief executive. ‘With firming oil prices, investments in production activities are expected to increase,’ Goh added.

Raffles Medical Targets 15-20% Revenue Growth
Raffles Medical Group (Raffles Medical) aims to post 15-20% revenue growth in 2010, banking on an aging population and growing wealth in the city-state. The company, which generates about a third of its revenue from overseas patients in Singapore, is also planning to grow revenues from other Asian countries and is opening two more clinics in Hong Kong this year. ‘We are looking for opportunity to grow our business in China, Vietnam, Malaysia, and Hong Kong though plans are still exploratory at the moment,’ said Raffles Medical chairman Loo Choon Yong to Reuters.

Jade manages and oversees a portfolio of stocks which are mainly focused on the mining and property sectors at Shares Investment.

Please click here for more information about this author.

C&G Environmental Protection Hldgs  -- -- --   
Business: Co develops and operates waste to energy plants in China.

Insight: Mar-19, FY18 Co remains a cash company and no rev... Read More
Wilmar Int'l  3.720 -0.06 -1.59%   
Business: Co's integrated agribusiness model encompasses the entire value chain of the agricultural commodity processing biz, from origination and processing to branding, merchandising and distribution of a wide range of agricultural pdts.

Insight: May-19, 1Q19 revenue fell 6.2% to US$10.4b driven ... Read More


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