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| 29-Oct-2008 23:17 |
SingTel
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Singtel Bullish???
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SingTel down after UBS cuts target to $3.46 Singapore Telecommunications (SingTel), Southeast Asia's largest telecom, fell as much as 4.2 per cent on Wednesday after UBS cut its price target for the stock to $3.46 (US$2.30) from $4.60. 29/Oct/08 |
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| 29-Oct-2008 23:11 |
$ WesTech
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Good Buy
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WesTech cashflow (BT) WesTech Electronics, which is now in talks on a standstill agreement with its lenders, said it has appointed PricewaterhouseCoopers as its special accountant to monitor and review its cash flow and cash position. The company said earlier that a major Taiwanese, with accounts receivables of US$34.95 million, had defaulted on its payment. WesTech has since initiated legal proceedings to recover payment. |
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| 29-Oct-2008 23:06 |
Ferrochina
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Ferrochina
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October 29, 2008, BT Ferrochina facing RMB4.5b in claims from creditors SINGAPORE - Insolvent Chinese steelmaker Ferrochina is facing 169 claims on its assets, for a total of RMB4.48 billion (US$657 million), the company said on Wednesday. Chairman and chief executive officer She Chun Tai said in a statement to the Singapore Exchange that creditors of six of the company's subsidiaries in China have started action in Chinese courts. Mr She said many of the creditors have already obtained court orders to freeze assets - including plants, machinery, inventory, fixtures and bank accounts - to be seized if court action is successful. On Oct 9, Ferrochina said it would be forced to default on loans worth 706 million yuan. Other loan facilities and working capital loans totalling over RMB4 billion was also due soon, the company said then. The stock was halted for trading the next day and remains suspended |
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| 29-Oct-2008 23:01 |
SingShipping
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Why no-one stat a thread on SP Ship
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October 29, 2008, 6.27 pm (Singapore time) BT S'pore Shipping warns of 6-month loss Singapore Shipping Corp has warned that it expects to report a loss for the six months ended Sept 30, 2008. The loss stems from the negative net change in fair value of its financial assets held for trading. The group said it does not have any complex financial instruments and its financial assets held for trading are investments in equity and equity-linked notes whose fair values have been further impaired due to the global market plunge. It will release its detailed results on Nov 7, 2008 |
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| 26-Oct-2008 01:56 |
Olam Intl
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Ramping up its capex
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Now the PE appox 9.x , fall to $0.80 possible? | ||||||||||||||||||||||
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| 25-Oct-2008 15:16 |
Delong
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Delong
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Published October 24, 2008 BT Delong sees Q3 loss due to poorer margins CITING the worsening global economic climate, Delong Holdings said that it expects to incur a loss for the third quarter ended Sept 30 due to eroding margins. The Chinese manufacturer of hot rolled steel coils also confirmed a Reuters report that it has cut back on steel production and put some workers on unpaid leave given weaker demand for its steel products. Production at four of its older blast furnaces were reduced. The four blast furnaces contribute about 30 per cent to the group's total annual production capacity. Delong said that it will gradually increase its capacity utilisation rates when the demand situation for steel products improves. But it assured shareholders that despite the tighter credit market, it has sufficient financial resources to meet its working capital requirements. 'The Group has existing secured and unsecured credit facilities with various domestic and foreign financial institutions which can be called upon if any such need arises,' Delong said in a SGX announcement. |
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| 23-Oct-2008 23:31 |
Mercator Lines
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Mercator Lines
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Half Year Financial Results Presentation Slides 23-Oct-2008 12:46:42 -->Increase in profits by 239% for the 1H FY 2009 in comparison to the 1HFY2008, despite the fall in BDI. -->Consistently maintained the fleet capacity Utilization above 99% levels. -->Strong contract coverage going forward, low freight rates to adversely affect the earnings of the un-contracted capacity. http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_A0D7E183DAF65B0B482574EB0019FCF6/$file/MercatorResultsPresentation.pdf?openelement |
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| 23-Oct-2008 17:39 |
China Oilfield
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China Oilfield Technology
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PROFIT GUIDANCE http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_F665531CD749D294482574EB00175F86/$file/ProfitGuidance3Q2008.pdf?openelement |
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| 23-Oct-2008 01:19 |
Pacific Century
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Bidding war for assets of PCCW
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October 22, 2008 Richard Li seen making moves to exit PCCW Speculation rife that a buyout or privatisation is on the cards By JANE MOIR IN HONG KONG - BT TELECOMS tycoon Richard Li is expected to pave the way for an exit strategy from PCCW, with a buyout or privatisation topping the list of possibilities. Speculation has been rife that the son of veteran property tycoon Li Ka-shing is preparing to transfer ownership to another company within his control as the precursor to a sale, or that a privatisation is on the cards. The stock was suspended on Oct 14 pending a price-sensitive announcement. Shares of Singapore-listed Pacific Century Regional Developments Ltd (PCRD) were also suspended from trading. Mr Li and PCRD own 28.3 per cent of PCCW shares. Before the stock was suspended, shares in PCCW were trading at HK$2.90. Observers are however wary of a privatisation, given the current low valuation of the company. |
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| 23-Oct-2008 01:11 |
Indofood Agri
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Indofood Agri Resources
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| 23-Oct-2008 01:06 |
Sakari
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Straits Asia
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Straits Resources Limited Quarterly Activities Report for the Period ended 30 September 2008 http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_07D2C162F4F45A2E482574EA001F1CC0/$file/082210_SRL_Quarterly_Report_and_Media_Release.pdf?openelement |
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| 23-Oct-2008 00:52 |
DBS
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DBS is now Singapore's smallest bank
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Date & Time of Broadcast 22-Oct-2008 22:41:33 Announcement Title * DBS' Media Statement http://info.sgx.com/webcorannc.nsf/d21c0ed0b4a507cf482571b2003641d2/f3a58f6e6ba204ac482574ea0050b306?OpenDocument Since the collapse of Lehman Brothers on 15 September, we have been deeply concerned about DBS customers in Singapore and Hong Kong who have invested in structured products with Lehman as a reference entity and understand the anguish they are facing. When DBS first distributed these products over 18 months ago, the global financial landscape was very different. Nobody could have imagined the extent of the fallout from the US sub-prime crisis, or the collapse of a venerable 158-year-old financial institution like Lehman and the toll this would take on investors. DBS CEO Richard Stanley said: “I am deeply concerned about the anguish our customers are experiencing. DBS is committed to doing the right thing and my colleagues and I are working as hard as possible to resolve the situation. Every customer is important to us and in cases where our standards are not met, DBS will not hesitate to make cash compensation.” These products were sold to 4700 customers in Singapore and Hong Kong who invested a total of SGD 360 million. In Singapore specifically, 1400 DBS customers invested a total of S$103 million in High Notes 5. Of these customers, two thirds are from DBS Treasures, which caters to customers with a minimum of $200,000 cash and/or investments, and 80% are below age 60. We will give every single case individual attention and hearing. We agree with MAS on the need to give priority to vulnerable customers and are fast-tracking such cases. As a matter of policy, we do not discuss individual cases. However, to-date we have found that a number of cases did not meet the standards DBS upholds and the Bank will be compensating these customers with effect from tomorrow. Based on the number of cases we've reviewed, we estimate that the total customer compensation in Singapore and Hong Kong will be in the range of SGD 70-80 million. The unwinding process of the products is currently underway. Regrettably, our initial expectation of the worst-case scenario whereby investors will lose their entire principal investment amount is likely to materialise. DBS will not gain from this process and the Bank will make a final announcement next week when the final credit redemption amount, based on prevailing market conditions, is determined. We will continue to work closely with the MAS to ensure that all cases are handled in a prompt and comprehensive manner. Thank you. Group Strategic Marketing & Communications DBS Bank |
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| 22-Oct-2008 11:48 |
Keppel
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keppel Corp
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Offshore & marine sector CIMB-GK RESEARCH, Oct 21 Downgrade sector to 'neutral' from 'overweight'; SembMarine remains our top pick. We downgrade Keppel Corp to 'neutral'from 'outperform', with a lowered target price of $6.10 (from $13.30). Maintain 'outperform' on SembCorp Marine but with a lowered target price of $3.00 (from $5.25). It remains our top pick as it is trading below its 10-year trough valuation of about 10x P/E. Maintain 'outperform' on SembCorp Industries with a lower target price of $3.60 (from $5.37). Maintain 'underperform' on Cosco with an unchanged target price of $0.85. Sector - NEUTRAL |
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| 21-Oct-2008 23:19 |
Others
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Oceanus Group Limited
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Profit for the period (RMB'000) 3Q'2008 $158,722 vs 3Q'2007 $31,094 +410% http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_C66DBA361AF6E733482574E90034F076/$file/Oceanus3QResultAnnouncementFinal.pdf?openelement |
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| 21-Oct-2008 22:56 |
SGX
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SGX
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DBS Group Research, Oct 16 SINGAPORE Exchange's (SGX) Q1 FY2009 net profit was in line with our expectations but marginally below consensus. Net profit of $84 million was lower by 35 per cent y-o-y and 7 per cent q-o-q due to the softer equities market. Average daily trading volumes and values for the securities market stood at 820 million and $1.3 billion respectively for Q1 FY2009. We did see trading volumes and values pick up in the first two weeks of October. Given the softness in equities coupled with continued uncertainties in the financial markets, we maintain our 'sell' recommendation and TP of $4.80 based on 15.5 times FY2009 EPS. Our target PE multiple is derived based on a correlation relationship with market velocity, similar to our valuation methodology for the Hong Kong Stock Exchange. Our target PE of 15.5 times is just above mid-cycle PE of 14.5 times during the last seven years. Our bear-case scenario assumes that average volume drops below 900 million (value below $855 million), hence fair value could decline to $3.75. SELL |
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| 21-Oct-2008 22:21 |
First REIT
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Good to top-up here ?
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Net Property Income ('000) 3Q'2008 $7,557 vs 3Q'2007 $6,997 +8.0% http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_AF17C31F84EDD87C482574E800386220/$file/FR_3QFY08_20Oct08.pdf?openelement |
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| 21-Oct-2008 22:08 |
Mapletree Log Tr
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MapleTreeLog
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NET PROPERTY INCOME ('000) 3Q'2007 $33,906 vs 3Q'2008 $40,244 +18.7% http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_A3EE14F704D7C536482574E9003A6CE4/$file/MLog_3Q08_presentationslides.pdf?openelement |
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| 20-Oct-2008 23:35 |
Mermaid Maritime
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Mermaid Maritime
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Aug 25 2008 MISCELLANEOUS :: ANALYST PRESENTATION - 3RD FINANCIAL QUARTER 2008 http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_BAEFACC7ECF9F9F4482574B00055C722/$file/Mermaid_Analyst_Presentation_FQ3_2008.pdf?openelement Operating profit (Baht’000) Q3'2007:$252,134 vs Q3'2008:$458,184 +81.72% |
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| 20-Oct-2008 23:05 |
COSCO SHP SG
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CoscoCorp
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The Board of Directors of COSCO Corporation (Singapore) Limited ("the Company") wishes to inform that the Company will be releasing the financial results of the Company and of the Group for the Third Quarter ended 30 September 2008 on Thursday, 30 October 2008, after trading hours. For and on behalf of the Board Jiang Li Jun Vice Chairman/ President 20 October 2008 |
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| 20-Oct-2008 14:50 |
SunVic Chemical
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May Attempt 60 cts
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P/E 2.13 now, http://uk.reuters.com/business/quotes/ratios?symbol=SVCH.SI Phillip Securitues Research TP $0.37, 2008F Revenue $3,059 RMB mln http://www.remisiers.org/research/sunvic092508.pdf |
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