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http://www.reuters.com/article/2012/02/08/singapore-market-stocks-preopener-idUSL4E8D800720120208
-- CHEMOIL ENERGY LTD
- Commodities trader Glencore International plc is raising
its stake in Singapore-listed Chemoil Energy Ltd, a trader in
marine fuel products, to 89.04 percent from 51.54 percent. SINGAPORE, Feb 8 (Reuters) - Singapore shares face a
cautious start on Wednesday after Greece delayed a decision over
the unpopular terms of a new European bailout, taking the edge
off investors' appetite for fresh gains.
Budget carrier Tiger Airways Ltd may be in focus
after it said it is beginning a search for a chief executive
officer to succeed Chin Yau Seng, who will return to Singapore
Airlines Ltd.
----------------------MARKET SNAPSHOT @ 0000 GMT ------------
INSTRUMENT LAST PCT CHG NET CHG
S& P 500 1347.05 0.2% 2.720
USD/JPY 76.76 -0.01% -0.010
10-YR US TSY YLD 1.9663 -- -0.011
SPOT GOLD 1744.85 0.00% -0.050
US CRUDE 98.73 0.33% 0.320
DOW JONES 12878.20 0.26% 33.07
ASIA ADRS 128.66 0.36% 0.46
-------------------------------------------------------------
> Wall St edges up in quiet day Disney down late
> Bonds fall on supply, news Greek deal near
> Euro scales 8-week peak vs dlr on Greece deal hope
> Gold rises nearly 2 pct on Greece bailout optimism
> Oil rises on spread trade, Canadian outage
Stocks and factors to watch:
-- GLOBAL LOGISTIC PROPERTIES LTD
- Global Logistic Properties, which owns warehouses in Japan
and China, said it recently signed 86,900 square metres of new
and expansion leases in China, achieving a total leased area of
about 5.8 million square metres in the country.
-- FIRST SHIP LEASE TRUST, BERLIAN LAJU
- First Ship Lease Trust said some subsidiaries of troubled
Indonesian shipping company PT Berlian Laju Tanker Tbk
had defaulted on their payment obligations for three chemical
tankers.
-- CHEMOIL ENERGY LTD
- Commodities trader Glencore International plc is raising
its stake in Singapore-listed Chemoil Energy Ltd, a trader in
marine fuel products, to 89.04 percent from 51.54 percent.
-- SATS LTD
- Ground handling firm Sats said its third quarter net
profit fell 25 percent to S$38.2 million ($30.68 million) from a
year ago, weighed by a loss on the disposal of its British food
business Daniels Group.
-- OSIM INTERNATIONAL LTD
- Osim International, which makes massage chairs, said its
fourth quarter net profit rose 0.8 percent to S$17 million,
helped by higher sales.
- Singapore's benchmark Straits Times Index rose
0.6 percent to 2,957.78 points on Tuesday.
- The Dow Jones industrial average gained 0.26
percent at 12,878.20. The Standard & Poor's 500 Index
climbed 0.20 percent to 1,347.05. The Nasdaq Composite Index
was 0.07 percent higher at 2,904.08.
ASIA-PACIFIC STOCK MARKETS:
Japan S.Korea China
Hong Kong Taiwan SE Asia
Australia/NZ India
OTHER MARKETS:
Wall Street Gold Currency
Eurostocks Oil JP bonds
ADR Report LME metals US bonds
STOCKS NEWS US, Europe, Asia:
DIARIES & DATA:
IPO diary & data
U.S. earnings diary
Singapore diary
Eurostocks Week Ahead
Asia earnings diary
European diary
Wall Street Week Ahead
TOP NEWS:
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News
European companies Forex news
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Telecoms Media news
Banking news
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A multimedia version of Reuters Top News is available at:
topnews.session.rservices.com
LIVE PRICES & DATA:
World Stocks Currency rates
Dow Jones/NASDAQ Nikkei
FTSE 100 Debt
(Local currency) LME price overview
($1 = 1.2451 Singapore dollars)
(Reporting by Charmian Kok)
Chemoil Energy Ltd announced that that it expects to report a strong profit after tax for the first quarter of 2011.The positive operating results achieved in the fourth quarter of last year have not only continued into 2011, but also accelerated in the first quarter of this year. Higher cargo and ex-wharf volumes as well as improved margins, have contributed to the profitability in the first quarter, which Chemoil estimated to be in excess of US$20 million after tax. (Closing: $0.345)
================================================================================================
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Invest in land and get a double return in 4 to 5 years.
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=============================================================================================
4Q10 result was the strongest operating performance by the Group in 2010 with gross
contribution per metric ton (GCMT) reaching US$ 6.70/mt. Sales volumes for qtr were 4.1m mt, up 3% from 4Q2009, while full year sales volumes likewise rose by 3% to 15.6m mt for FY10….
Going forward, grp aims to continued to improve operational efficiency through a rationalization of our operating assets resulting in better utilization rates in certain ports, through the reduction in barging and pipeline costs in.
Chemoil expects 4Q loss due to write off at unit
| WRITTEN BY BLOOMBERG |
SATURDAY, 05 FEBRUARY 2011 11:53 |
Chemoil Energy, a Singapore-listed marine fuels supplier, said it expects to report a net loss for the fourth quarter as a result of a write off at one of its units.
/theedge///
Chemoil Energy (CHEME SP, $0.33, NOT RATED) –
Chemoil sells marine fuel and related services to a broad base of customers. Its margins have been under pressure from tightening fuel supplies and weakness in the marine markets, and it has been loss-making up till 9M10. Chemoil’s plans to change management may give it a boost, but earnings risk from a volatile marine market is the overriding factor.
/KimEng
trades
airlines
shipping
ALL are recOverIng
CHEMOIL has Only One waY tO gO
recOverY
k3n888 ( Date: 19-Sep-2010 01:02) Posted:
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Chemoil Energy
reported 2Q10 net profit of US$3.2m,
compared to US$12.2m in 2Q09.
grandmaster89 ( Date: 22-May-2010 23:03) Posted:
|
Chemoil already has a large parent...Glencore bought a stake last year. Glencore is the world largest commodity supply chain manager with revenue exceeding US$106 billion. It earned US$2.72 billion in FY 09.
Ever since oil prices crashed to $33 per barrel in December 2008, China has been on a buying spree, dipping their hand in nearly every major energy source on the planet.
During the last two years, China has expanded their oil and gas reserves over and over again.
From Iran to Canada, there is no place that China considers off-limits:
-
May 18, 2010: CNPC, China's largest oil firm, acquires a 35% stake in Syria oil from Shell.
-
April, 2010: China spends $5 billion stake in the Canadian oil sands. The purchase gives the Chinese a 9% share in Syncrude Canada.
-
May, 2010: China closes a deal to develop the Missan oil fields in Southern Iraq. Current production from the Missan field is 100,000 barrels per day.
-
September, 2009: China invests $16 billion barrels on oil exploration in Venezuela.
- Today, PetroChina just announced plans to invest $60 billion in overseas oil and gas output, hoping to add about 4 million barrels a day to current production.
The list goes on...
Largest petrochem complex opened
>>
and in the Middle East, than there is actually in Europe and the United States.”
Currently, the Asia-Pacific and Middle East account for 35 per cent of Shell’s business but going forward, the energy giant wants a bigger slice of the Chinese market.
“We are cooperating, doing business with Chinese companies within China, but also internationally. So, this is competition as usual,” said Mr Voser.
The company said prospects remain bright as energy needs are set to double by 2050 but is concerned about the withdrawal of stimulus packages globally.
Expected in the second half of this year, the stimulus withdrawal may impact demand in both the petrochemical and energy sectors, added Mr Voser.
Continued from Page 1pharoah88 ( Date: 05-May-2010 12:51) Posted:
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desmondwong@mediacorp.com.sg — Shell announced the completion of its largest petrochemical complex yesterday, highlighting that the multi-billion dollar facility which spans Pulau Bukom and Jurong Island, will enable an increase in production levels to better serve the Asian market.
SINGAPORE
The Shell Eastern Petrochemicals Complex could help to attract some $2 billion in fixed asset investments from leading chemical firms, said Prime Minister Lee Hsien Loong, who was guest of honour at the launch.
Mr Lee said the new complex is a key project that will bring a new source of feedstock to Jurong Island and spur a new wave of high value downstream investments in the chemical industry.
The energy and chemical industry accounts for a third of Singapore’s total manufacturing output at $60 billion annually — a sector which the Government will continue to support.
However, Mr Lee highlighted that managing carbon emissions from the energy and chemical industry is essential.
“The Government is tracking closely the UN framework convention on climate change talks, and how an international agreement to limit greenhouse gas emission would impact Singapore,” Mr Lee said.
“We will strive to safeguard our interests at the talks together with other countries who share these interests. And we will also work with the chemical industry to improve emission standards to help it remain competitive and viable in Singapore.”
The multi-billion dollar facility will allow Shell to boost ethylene supply by 800,000 tonnes a year.
This will go some way to meet rising demand for chemicals in Asia.
Shell chief executive officer Peter Voser said: “Clearly, there is more growth in the Asia-Pacific
pharoah88 ( Date: 05-May-2010 12:45) Posted:
|
TODAY
Wednesday May 5, 2010 www.todayonline.com we set you thinking
Shell opens largest
petrochem complex
New petrochemical complex will spur
Desmond Wong
wave of downstream investment: PM
desmondwong@mediacorp.com.sg
Thursday: 29 APRIL 2010 CLOSING
USD0.395 +USD0.005
DOW PHOBIA