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Editorial Desk
Editorial Desk | 22 February 2013
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By: Xavier Lim
Articles (51) Profile

The Standard & Poor’s 500 Index settled on a five-year high due to a rise in corporate deal activity and bullish European trade. On the other hand, the Shanghai Stock Exchange Property Index fell 4.6 percent on 19 February, its biggest drop in more than six months. News that several local governments in China have introduced new measures to restrict financing for home purchases, triggered fears that there might be a fresh wave of tightening for the property sector.

The slid in the property stocks pushed the Shanghai Stock Exchange Composite Index down 1.6 percent, its worst percentage drop since a 1.8 percent decline on 11 January. Subsequently, it led China’s stocks to fall the most in a month after the Shanghai bourse climbed to the highest level in 17 months. More details can be found on page 12.

Meanwhile, crude oil prices fell from its three-month high of US$98 a barrel due to some disappointing global economic data that had dimmed the outlook for energy demand. However, both the US Energy Information Administration and the Organization of the Petroleum Exporting Countries raise their forecasts for global oil demand in 2013. Prices for crude oil have gained more than 5 percent year-to-date.

This issue, our cover story revolves around Mainboard-listed Marco Polo Marine. Analysts are expecting the company to tap on the rising offshore marine market in Asia. Specifically, its recently-listed Indonesian subsidiary, PT Pelayaran Nasional Bina Buana Raya Tbk, is set to ride on the robust Indonesian offshore market due to the favourable demand-supply dynamics for Indonesian vessel owners. For more information, please turn to page 6.

Next, we take a closer peek at the newly-listed Overseas Education. Unlike Raffles Education Corporation and TMC Education Corporation, this education provider captured strong investors’ interest, and ended its trading debut 30.2 percent higher than its offer price of 48 cents. Details are in page 10.

Last but not least, we also have an article on the upcoming listing of real estate investment trust, MapleTree Greater China Commercial Trust, which is the biggest initial public offering since the US$5.5 billion listing of Hutchison Port Holdings Trust in March 2011.

Happy reading and invest with care!

Armed with an arsenal of investment knowledge, Xavier is the Senior Research Editor at Shares Investment.

Please click here for more information about this author.

Marco Polo Marine  0.019 +0.001 +5.56%   
Business: A regional integrated marine logistic co, principally engaged in shipping & shipyard businesses. [FY18 Turnover] Ship building & repair (56.8%), ship chartering (43.2%).

Insight: May-19, 1H19 revenue slid 17.7% due to reduced shi... Read More
Overseas Education  0.285 -- --   
Business: Co operates a private foreign system school in Singapore. [FY18 Turnover] Tuition (96.7%), registration (1.4%), school shop (0.7%), enrichment programme (0.7%), interest & other (0.5%).

Insight: May-19, 1Q19 revenue slid 3.4% mainly due to weake... Read More

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