Posts by: Chiamhm
Shares of casino operator Genting Singpore PLC fell as much as 4.5% to a three week low after some analysts said its fourth quarter earnings missed their expectations, reported Reuters.
By 9:05 a.m., Genting’s shares were 3% lower at $1.615 with over 3 million shares changing hands, making it the most actively traded stock on more »
Shares of Neptune Orient Lines, the world’s sixth biggest container shipping firm, opened 8.8% lower after reporting a worse-than-expected quarterly loss due to high fuel costs and lower freight rates, reported Reuters.
At 9:11 a.m., NOL shares had extended losses and were trading around 10.88 percent lower at $1.27 a share, down $0.155.
Related posts:more »
Singapore shares may fall on Thursday, following losses on Wall Street overnight as weak data on European business activity fanned concerns of a recession in the euro zone.
The benchmark Straits Times Index fell 0.97% on Wednesday to 2,995.59 points. Here are some stocks and factors to watch, according to Reuters:
Neptune Orient Lines, the more »
Neptune Orient Lines, owner of Asia’s No. 3 container line, posted its biggest quarterly loss in at least 10 years because of falling freight rates and higher fuel costs, reported Bloomberg.
The shipping line reported its fourth straight quarterly loss of US$320.4 million ($403.1 million) in the three months to Dec 30, compared with a more »
Singapore Airlines cut its cargo capacity by 20% as global economic slowdown led to persistent weakness in demand and high jet fuel prices piled pressure on its profitability, reported Reuters.
“Cargo demand over the last year has been very weak. Airlines are still running their cargo schedules a little too high and load factors have more »
Neptune Orient Lines, parent of Southeast Asia’s biggest container line, plans to cut costs by US$500 million ($629 million) this year and increase freight rates after posting its biggest quarterly loss in a decade.
Spending cuts will come from steps including reduced fuel consumption, better fuel purchasing and improvements in network design, Chief Executive Officer more »
Genting Singapore Plc said it swung to a net profit in the fourth quarter, helped by higher earnings from its casino in Singapore.
Genting Singapore, whose main asset is the Resorts World at Sentosa casino in Singapore, reported net profit of $262 million in October-December, compared to a loss of $150.3 million a year ago.
Singapore’s Ezion Holdings said had secured a three-year charter contract worth up to US$118 million ($148.6 million) to provide a service rig to a European-based multinational oil firm, reported Reuters. Ezion said on Wednesday the rig will be used to support the oil company’s oil and gas activities in offshore Myanmar. Ezion did not provide more »
Shares of Singapore’s Wilmar International (WLIL.SI), the world’s largest listed palm oil firm, fell as much as 9% in early trading on concerns about margins at its consumer business, reported Reuter.
Wilmar had earlier on Wednesday posted better-than-expected fourth-quarter net profit as its expanded sugar operations made up for weakness at its core palm oil more »
CapitaCommercial Trust (CCT), a real estate investment trust, said on Wednesday it has agreed to buy an office building on the outskirts of Singapore’s central business district for $430 million, reported Reuters.
The acquisition will be funded with existing cash and bank facilities, without the need to raise equity, CCT said in a statement to more »
Singapore shares may drift lower on Wednesday, following weak starts in Tokyo and Seoul, with the surge in oil prices likely to weigh on transport stocks such as Singapore Airlines and Neptune Orient Line.
The benchmark Straits Times Index rose 0.13 percent on Tuesday to 3,025.07 points. Here are some stocks and factors to watch, more »
Wilmar International, the world’s largest listed palm oil firm, on Wednesday posted a better-than-expected 57% rise in fourth quarter net profit, helped by contributions from its expanded sugar operations.
The company posted a net profit of US$500 million ($629 million), up from US$318.6 million a year ago. It was the highest quarterly profit since September more »
Singapore shares may drift downwards on Tuesday after Tokyo and Seoul opened lower, with investors staying on the sidelines until a rescue deal for Greece is reached. The U.S. market was closed for a public holiday.
The benchmark Straits Times Index <.FTSTI> rose 0.69% on Monday to 3,021.19 points. Here are some stocks and factors more »
CIMB Research upgraded Singapore-listed commodity trading firm Noble Group to neutral from underperform and raised its target price to $1.43 from $0.99, reported Reuters.
By 11:36 p.m., shares of Noble were little changed at $1.495, and have gained about 32&% since the start of the year.
CIMB said it has upgraded Noble, as improving leading more »
Shares of Neptune Orient Lines (NOL) rose as much as 4.8% to their highest since July after Maersk Line, the world’s biggest container shipping firm, said it will cut 9% of its vessel capacity in the Asia-Europe trade, reported Reuters.
“The planned capacity cut should support freight rates and people might be reading across to more »
Oversea-Chinese Banking Corp., Southeast Asia’s second-largest bank, said fourth-quarter profit rose 18% as loan demand climbed reported Bloomberg.
Net income in the three months ended Dec. 31 rose to $594 million from $505 million a year earlier, the Singapore-based lender said in a statement to the stock exchange today. That beat the $574.3 million average more »
Singapore shares are expected to open stronger as Asian markets rose in early trade after China boosted lending capacity, while Oversea-Chinese Banking Corp is in the limelight following better-than-expected results.
Singapore’s benchmark Straits Times Index rose 0.79% on Friday to 3,000.59 points. Here are some stocks and factors to watch according to Reuters:
OCBC, Singapore’s more »
Sembcorp Marine, the world’s second largest rig builder, said on Friday its subsidiary PPL Shipyard has won a US$213 million ($269 million) contract to build a jack-up drilling rig for Safin Gulf FZCO.
The rig is due for delivery in November 2012.
Safin Gulf is part of the privately owned Austria-based Safin GmbH, a group more »
Roxy-Pacific Holdings, the homegrown specialty property and hospitality group, reported net profit for the fourth quarter ended December 31, 2011 fell 5% from a year ago to $11.41 million.
Revenue fell 11% at $42.11 million.
For the full year ended December 31, 2012, Roxy-Pacific posted a net profit of $49.66 million, up 16% from 2010. more »
LMA International NV reported a 20.45% decrease in net profit for 4Q ended Dec 31, 2011.
Earnings fell to US$3.15 million ($4 million) from US$3.96 million a year ago despite a 9.2% increase in revenue to US$31.17 million.
Year to date, the group posted earnings of US$16.12 million, representing a 39.4% in- crease from a more »
Subscribe2
- Visits Today: 117
Visitor Online: 4
Total Visit: 62307 since 30 April, 2010
Categories
- Brokerage Firm (5)
- Chart (93)
- Charting Tools (3)
- News (1088)
- SiMSCI (133)
Recent Comments
- Container Shipping on April 4: Keppel, Neptune Orient, Parkway REIT
- World Spinner on Olam +4.5%; earns growth, valuation attractive – Deutsche Bank
- Kichler Outdoor Lighting | Kichler Lighting 65269 3-Light Art Glass Collection Inverted Pendant, Oiled Bronze | kichler landscape lighting on Steel to rise, commodities to fall post-quake: Kim Eng
- Genting Hong Kong started at Buy bu KE starts; Targets US$0.54 at ... on Genting Hong Kong started at Buy bu KE starts; Targets US$0.54
- World Spinner on GLP +3.1%; likely STI addition – Nomura
Archives
- February 2012 (88)
- December 2011 (4)
- November 2011 (51)
- October 2011 (67)
- September 2011 (35)
- August 2011 (115)
- July 2011 (149)
- June 2011 (160)
- May 2011 (184)
- April 2011 (191)
- March 2011 (193)
- February 2011 (1)
- December 2010 (3)
- November 2010 (2)
- October 2010 (3)
- September 2010 (4)
- August 2010 (3)
- July 2010 (6)
- June 2010 (19)
- May 2010 (36)
- April 2010 (6)
International News
Related Blog
Singapore Forums
Singapore News
Sponsors
