Singapore Daily Bulletin – 27/11/12

RELATED QUOTES

SymbolPriceChange
A27.SI0.003-0.001
B0Z.SI0.0760.000
5TJ.SI0.0510.000

China Fishery’s FY12 Bottom line Falls 25% To US$78.1m
China Fishery’s earnings for the full year ended 28 September 2012 fell 25 percent to US$78.1 million on the back of a 12 percent drop in revenue to US$604 million. The weaker performance was mainly due to a 59 percent drop in revenue from the China Fishery Fleet as a result of lower processing business in North Atlantic Ocean and lower-than-expected catch volumes in South Pacific Ocean. Meanwhile, China Fishery said in the financial report that it has recently completed the Fourth Long Term Supply Agreement to secure 18 years of stable fish supply for its Contract Supply business. Last but not least, a first and final dividend of $0.019/share has been proposed (FY11:$0.045/share).

Significance: DMG & Partners is positive about China Fishery’s fourth Long Term Supply Agreement, saying that the move will result in cost savings. The house maintains “Buy” with target price of $1.00.

mDR Forays Into Myanmar’s Telecommunications Industry
mDR, a leading distributor and retailer of mobile telecommunication devices and telecommunication services, has formed a joint-venture company with three other firms to break into the telecommunications industry in Myanmar. mDR will hold a 51 percent stake in the joint venture company (JVC), which will provide after-sales services of telecommunication devices to consumers in Myanmar. The JVC will also provide exclusive consultancy and retail franchisee procurement services to Myanmar-based conglomerate Golden Myanmar Sea. “We believe the partnership will bring the company to the next level of playing field in the mobile industry and reap sustainable financial rewards for the group,” said mDR chairman Phillip Eng.

Significance: According to mDR, Myanmar telecommunication industry is poised for de-regulation and rapid growth in the near future. Notably, it is widely believed that the Myanmar government may grant up to four telecommunication operating licences, two to Myanmar companies and two to foreign companies, with 4G services targeted as early as 2013.

Far East Orchard Plans To Acquire Straits Trading’s Hospitality Business
Established developer Far East Orchard has signed a non-binding memorandum of understanding (MOU) with Straits Trading Company (STC) to explore the proposed acquisition of STC’s entire hospitality management business. STC’s hospitality management business currently operates hotels in Singapore, Australia, New Zealand and China. Commenting on the MOU, Far East Orchard chief executive officer and managing director Lucas Chow said the move allows Far East Orchard to grow its hospitality management business beyond Singapore and also create a platform to operate a portfolio of third party hospitality assets.

Significance: If the proposed transactions are to proceed, this will see Far East Orchard managing an expanded portfolio of more than 30 hotels and service residences under 5 distinct brands and more than 6,000 rooms under management across different regions.

--

Get stories like this on the Yahoo app and discover more every day.
Download it now.
Loading...
  • Deutsche CEO tries to reassure staff as shares plunge
    Deutsche CEO tries to reassure staff as shares plunge Reuters - 17 minutes ago

    FRANKFURT/LONDON (Reuters) - Deutsche Bank's (DBKGn.DE) chief executive sought to reassure his staff on Friday that Germany's largest lender remained robust after its shares again fell to record lows, sending tremors through global financial … More »

  • First Thai babies diagnosed with Zika-linked microcephaly
    First Thai babies diagnosed with Zika-linked microcephaly AFP News - 18 minutes ago

    Thai health authorities on Friday said microcephaly in two babies was caused by the Zika virus, in what is believed to be Southeast Asia's first confirmed cases linking the sickness and the birth defect. The announcement could affect Thailand's key … More »

  • Minimum EPF savings for 55-year-old set to RM228k New Straits Times - 19 minutes ago

    KUALA LUMPUR: The Employees Provident Fund (EPF) has announced that the quantum for the basic savings will be revised from RM196,800 to RM228,000 effective Jan 1, 2017. The amount will be set as the minimum target EPF savings members should have … More »

  • UK funds dump stocks for bonds, emerging markets - Reuters poll
    UK funds dump stocks for bonds, emerging markets - Reuters poll Reuters - 26 minutes ago

    LONDON (Reuters_ - British funds have slashed equity holdings in their portfolios, allocating more capital to bonds and to buoyant emerging markets as they fret about the risks posed by Europe's banks and U.S. elections. The Reuters monthly survey … More »

  • Global funds add to Japan, euro zone bonds, see no further sell offs - Reuters poll
    Global funds add to Japan, euro zone bonds, see no further sell offs - Reuters poll Reuters - 32 minutes ago

    Global investors raised holdings of Japanese bonds to four-year highs in September and bought more euro zone debt, shrugging off a mid-month market sell-off and expressing faith in central banks' commitment to their asset-buying programmes. The … More »

  • Renault signs deal for venture in Iran as its economy opens
    Renault signs deal for venture in Iran as its economy opens Associated Press - 38 minutes ago

    Renault has reached a deal with Iran's government to open a plant making at least 150,000 vehicles a year, as European companies race for a share of Iran's market now that international sanctions have ... … More »

  • HeidelbergCement relaxed about Brexit, had good August in UK
    HeidelbergCement relaxed about Brexit, had good August in UK Reuters - 40 minutes ago

    Germany's HeidelbergCement (HEIG.DE) is seeing strong business in the UK and is more worried about the economic effects if Donald Trump wins the U.S. presidential election than it is about Brexit, its chief executive said on Friday. Britain is the … More »

  • Eurozone inflation doubles as low oil price impact fades
    Eurozone inflation doubles as low oil price impact fades Associated Press - 58 minutes ago

    Inflation in the 19-country eurozone doubled in September to near two-year highs as the impact of lower oil prices began to fade, official figures showed Friday, in a development that's likely to ease ... … More »

  • Revealed: Ex-MaGIC CEO Cheryl Yeoh’s new designation
    Revealed: Ex-MaGIC CEO Cheryl Yeoh’s new designation e27 - 59 minutes ago

    Since leaving MaGIC in December 2015, the public has been anticipating the founding CEO’s next adventure Former MaGIC founding CEO Cheryl Yeoh has been announced as the new director of Flexiroam, a telco company that enables customers to bypass … More »

  • Some relief for big-spending ECB as euro zone inflation ticks up
    Some relief for big-spending ECB as euro zone inflation ticks up Reuters - 1 hour 0 minutes ago

    BRUSSELS/FRANKFURT (Reuters) - Inflation in the euro zone ticked up in September, data showed on Friday, giving the European Central Bank some confidence its stimulus programme is pulling the bloc's economy away from the deflationary brink. … More »

  • Sainsbury's names Simon Roberts as retail & operations director Reuters - 1 hour 2 minutes ago

    Sainsbury's (SBRY.L), Britain's No. 2 supermarket chain, on Friday named Simon Roberts as its new retail and operations director but may have to wait until July 2017 before he can start. Roberts was most recently executive vice president of … More »

  • YTL acquires three new luxury properties in the UK Business Times - 1 hour 7 minutes ago

    KUALA LUMPUR: YTL Hotels is expanding its luxury portfolio with the recent acquisition of three properties in Edinburgh, Berkshire and London, strengthening the company’s presence within the United Kingdom. The company’s current portfolio in the … More »

  • Japan's Mitsubishi Motors to resume sales after latest cheating scandal
    Japan's Mitsubishi Motors to resume sales after latest cheating scandal Reuters - 1 hour 8 minutes ago

    Japanese automaker Mitsubishi Motors Corp (7211.T) will resume domestic sales of eight vehicle models on Oct. 1, the company said on Friday, after correcting overstated mileage readings in its second cheating scandal this year. Japan's sixth … More »

  • Gold gains as stocks slide on Deutsche Bank worries
    Gold gains as stocks slide on Deutsche Bank worries Reuters - 1 hour 9 minutes ago

    Spot gold was up 0.48 percent to $1,326.41 an ounce by 1005 GMT. Gold has gained one percent so far this month, partly because of the weaker dollar after the U.S. Federal Reserve chose not to raise interest rates. U.S. gold futures were up 0.29 … More »

  • Oil falls as investors cash in on OPEC deal rally, dollar rises
    Oil falls as investors cash in on OPEC deal rally, dollar rises Reuters - 1 hour 9 minutes ago

    Oil prices fell on Friday on a stronger dollar and as investors cashed in on a 6-percent rise in just one day after OPEC members agreed to reduce output for the first time in eight years to stifle a two-year price slide. Global benchmark Brent … More »

  • Renault to enter new joint venture in Iran Reuters - 1 hour 19 minutes ago

    Renault (RENA.PA) said on Friday it had signed a deal to enter into a new joint venture in Iran that would allow it to strengthen its presence in the country after most trade sanctions were lifted earlier this year. In a statement, Renault said it … More »

  • Stock markets tumble on Deutsche Bank strains
    Stock markets tumble on Deutsche Bank strains AFP News - 1 hour 24 minutes ago

    European and Asian stock markets slumped Friday as Deutsche Bank shares plunged on widening concerns over its financial strength, causing ripples of fear across the global financial sector. Bloomberg reported that several hedge funds had withdrawn … More »

  • SE Asia Stocks-Down; Indonesia falls on cigarette tax hike concerns Reuters - 1 hour 28 minutes ago

    By Anusha Ravindranath Sept 30 (Reuters) - Southeast Asian stocks ended lower on Friday with Indonesia posting its biggest intraday percentage loss in over two weeks as the announcement of a tax hike on ... … More »

  • Seven & I Slashes Forecast on Department Store Writedowns (2) Bloomberg - 1 hour 33 minutes ago

    Net income will be 80 billion yen ($793 million) for the fiscal year ending February 28, 2017, about 53 percent less than the 172 billion yen forecast it issued on Aug. 2, Japan’s largest retailer by market value said Friday in a statement. The … More »

  • Airbus Group to merge with planemaking unit
    Airbus Group to merge with planemaking unit Reuters - 1 hour 44 minutes ago

    Airbus Group (AIR.PA) said on Friday it would merge with its planemaking unit, strip out bureaucracy and simplify its brand, marking a break with its complex corporate roots as it prepares for tougher expected competition. Europe's largest … More »

  • RBC cutting 15 investment banking jobs in London - sources
    RBC cutting 15 investment banking jobs in London - sources Reuters - 1 hour 52 minutes ago

    LONDON/TORONTO (Reuters) - Royal Bank of Canada (RBC) is cutting 15 investment banking jobs in London amid a slowdown in activity in the region, sources familiar with the matter told Reuters. RBC Capital Markets, the investment banking arm of RBC … More »

  • BRIEF-Lion Forest Industries enters into a conditional share sale agreement Reuters - 1 hour 53 minutes ago

    Sept 30 (Reuters) - Lion Forest Industries Bhd * Entered into a conditional share sale agreement to acquire from tan sri cheng heng jem about 5.18% of the voting shares in parkson holdings * Deal for total ... … More »

  • EU regulators open to Italy request for more time to sell banks Reuters - 1 hour 54 minutes ago

    Italy has asked for more time to sell four small savings banks it bailed out last year, the European Commission said on Friday, saying it was open to the request. "The Commission is in close and constructive contacts with the Italian authorities … More »

  • UK's IG Group to buy DailyFX from FXCM Inc for $40 million Reuters - 2 hours 7 minutes ago

    IG Group said the deal, which is expected to close by the end of October, would add about 5 million pounds ($6 million) to ongoing operating costs annually and add to earnings from IG's 2018 financial year. IG Group, which has over 152,600 active … More »

  • BRIEF-Boustead holdings bhd proposed disposal of lands by Boustead Petroleum Marketing Sdn Bhd Reuters - 2 hours 15 minutes ago

    Sept 30 (Reuters) - Boustead Holdings Bhd * Boustead petroleum marketing intends to undertake the proposed disposal of two pieces of adjacent lands for compensation of 16.7 million rgt * Proposed disposal ... … More »

 
Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
 
Sign-in to view quotes in your portfolios.

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.152-0.008-5.00%
    N21.SI
    0.12+0.01+12.15%
    40F.SI
    0.115+0.003+2.68%
    40E.SI
    0.113+0.007+6.60%
    43E.SI
    3.97-0.05-1.24%
    Z74.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.186+0.025+15.53%
    AWS.SI
    0.12+0.01+12.15%
    40F.SI
    0.164+0.016+10.81%
    40N.SI
    1.35+0.11+8.43%
    U19.SI
    0.475+0.035+7.95%
    NC2.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.36-0.24-40.00%
    AWG.SI
    0.20-0.06-23.08%
    AWI.SI
    0.27-0.03-11.48%
    BQO.SI
    0.30-0.03-9.09%
    5VP.SI
    0.265-0.025-8.62%
    BKA.SI

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.36400.000.00%
    USDSGD=X
    1.5241-0.0059-0.39%
    EURSGD=X
    1.7669-0.0012-0.07%
    GBPSGD=X
    74.2070+0.136+0.18%
    SGDJPY=X
    5.6834-0.0006-0.01%
    SGDHKD=X
    3.0308+0.0079+0.26%
    SGDMYR=X
    9,568.2803+25.5674+0.27%
    SGDIDR=X
    4.8918+0.0048+0.10%
    SGDCNY=X
    1.0395-0.0014-0.13%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,328.50+2.50+0.19%
    GCZ16.CMX
    19.38+0.19+0.97%
    SIZ16.CMX
    95.01-0.66-0.69%
    ^XAU
    2.20+0.01+0.32%
    HGZ16.CMX
    43.85+0.41+0.94%
    CLV16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.12-0.01
    ^FVX
    1.56-0.01
    ^TNX
    2.28-0.01
    ^TYX