Latest SGX Companies Stock Market News

Posted by admin on July 26, 2009 under Articles | Be the First to Comment

Singapore Listed Company News

Qian Hu: Reply To Management Online Q&A With Investors. – Dear Jayster, you wrote: Hi Kenny, Notable set of 2Q09 results. Well done! I would like to ask some questions about your India JV with Messrs Star Agencies. Can you give us some background about your India partners? How did you get to know them and what value do they bring to the table in the JV? I personally do not think India is a good market for ornamental fish as most of the country is in poverty. I think they would rather eat fish than rear it. What do you think…

Cosmosteel: Extension Of Supply Agreement With ExxonMobil Asia Pacific Pte. Ltd. – Cosmosteel Holdings Limited is pleased to announce that Kim Seng Huat Hardware Pte Ltd, the wholly-owned subsidiary of the Company, has recently secured an extension of a contract to supply Exxonmobil Asia Pacific Pte. Ltd. with pipes, fittings and flanges. Pursuant to the renewed supply agreement, KSH will continue to supply materials to Exxonmobil up to 31 July 2010 at revised prices. The Group expects the contract to continue to contribute to the Group’s revenue for the last quarter of FY2009 and the first three quarters of FY2010…

CapitaMall Trust: Achieves 15.8% Higher Second Quarter 2009 Distributable Income Year-on-Year. – CapitaMall Trust is pleased to announce a distributable income of S$67.9 million for the Second Quarter 2009, which is S$9.3 million or 15.8% higher than S$58.6 million for the Second Quarter 2008. CMT remains committed to maintain an annual 100% distribution payout. Unitholders can expect to receive their Second Quarter 2009 distribution of 2.13 cents per unit on 28 August 2009. The Books Closure date is on 3 August 2009…

Cambridge: Reports 4.2% Growth On DPU For The Second Quarter Of 2009. – Cambridge Industrial Trust is pleased to announce a distribution of 1.345 cents per unit for the quarter 1 April 2009 to 30 June 2009. Our second quarter result reflects the strength of leases and stability of cashflow. DPU has increased 4.2% from the first quarter while our portfolio occupancy has increased 0.3% Q-o-Q to 99.5%. This is consistent with our proactive asset management strategy which involves working closely with our tenants to identify value adding opportunities…

OSIM: Plans To Open More Outlets In China. – OSIM would like to provide further information on plans to open outlets in China. As of 30 June 2009, the Group has about 200 OSIM outlets and 18 RichLife in China. The Group has identified potential growth opportunities in China. Subject to the prevailing economic environment and consumer demand, the Group plans to open between 50 to 80 OSIM outlets per year within the next 3 to 5 years and plans to add another 60 to 100 nutritional supplement outlets per year under the RichLife brand…

CCT: Quill Capita Trust’s 2Q 2009 Profit After Taxation Up By 19.8%, Achieved DPU Growth Of 12.5%. – Quill Capita Trust is pleased to announce that QCT has achieved a profit after taxation of RM8.09 million for the second quarter ended 30 June 2009. This is an increase of 19.8% compared to the RM6.75 million reported for the corresponding quarter in 2008. Profit after taxation for the first half of the financial year 2009 rose by 11.5% to RM15.44 million from RM13.85 million in the same period last year…

Yanlord: Launches Inaugural Batch Of 636 Apartment Units At Nanjing Yanlord Yangtze Riverbay Town Phase 1; Contracted Pre-Sales Of RMB 1.15 Billion Recorded For Initial 597 Units Sold. – Yanlord Land Group Limited announced that it had sold approximately 94% or 597 of the 636 apartment units in Nanjing Yanlord Yangtze Riverbay Town Phase 1 that were launched on 18 July 2009. Average selling price of approximately RMB15, 000 per square metre was achieved for the 76,600 sqm gross floor area launched…

Tat Seng: MoU With Shangdong Weihai New Industrial District Administrative Committee. – Tat Seng Packaging Group Ltd wishes to announce that the Company had entered into a non-binding memorandum of understanding with Shangdong Weihai New Industrial District Administrative Committee of the People’s Republic of China pursuant to which the parties have proposed to build a corrugated plant for production of corrugated boards, corrugated cartons and other packing products in the Shandong Weihai New Industrial District. Under the MOU, the Company has proposed an total investment of USD20,000,000/- over certain number of years…

CRCT: 2Q 2009 DPU Increases By 14.1% Year-on-Year. – CapitaRetail China Trust is pleased to announce a distributable income of S$12.0 million for the financial period from 1 April 2009 to 30 June 2009. The actual income available for distribution in 2Q 2009 is S$12.8 million. To be prudent, the manager has retained 6.3% of the amount or S$0.8 million. The manager remains committed to distribute 100% of the total income available for distribution for the full financial year ending 31 December 2009…

First REIT: 2Q 2009 Distributable Income Up 1.5% To S$5.3 Million. – First Real Estate Investment Trust announced that its distributable income for the three months ended 30 June 2009 rose 1.5% to S$5.3 million. The latest quarterly results confirm First REIT’s resilient rental revenue structure. First REIT’s distribution per unit also rose 0.5% to 1.92 Singapore cents. Based on its closing price of S$0.675 on 21 July 2009 and the annualised DPU of 7.66 Singapore cents, First REIT registered a distribution yield of 11.3% at the end of the period…

Rotary: Secures S$48M Contract To Build Ammonia Storage Tank And Facilities In Thailand. – Rotary Engineering Limited has inked an Engineering, Procurement and Construction deal totalling S$48 million with Thailand’s PTT Tank Terminal Company Limited for the PTT Tank Terminal Project. The contract was secured through Rotary’s Thai unit, REL-TREL Joint Venture, for the construction of an ammonia storage tank and facilities at Map Ta Phut petrochemical hub at Rayong Province, Thailand…

Rotary: Awarded Contracts Totalling S$36 Million For Works At Neste Oil’s Tuas Plant. – Rotary Engineering Limited has signed two contracts totalling S$36 million with Neste Oil Singapore Pte Ltd to undertake works at Neste’s S$1.2 billion NExBTL Renewable Diesel Plant in Tuas. The contracts relate to electrical and instrumentation works as well as mechanical, piping, painting and steel structures works. Rotary will be working with Technip Singapore Pte. Ltd., the party appointed to manage all construction contracts on behalf of Neste Oil…

SG Companies News

Gates Electronics in $105m reverse takeover – IN a season where S-chips have got a bad rap, Gates Electronics is hankering to become an S-chip. It is the first firm this year to have obtained shareholder approval to list a firm with operations in China via a $105 million reverse takeover deal.

Chartered posts US$42m Q2 net loss – CHARTERED Semiconductor Manufacturing has gained more ground along its recovery trek despite staying in the red for its second quarter.

Keppel big winner at workplace safety awards – DESPITE a busy 2008 churning out rigs for the global oil and gas industry, Keppel Corp’s offshore and marine (O&M) division maintained high safety standards, making it a big winner at the Annual Workplace Safety and Health (WSH) Awards held yesterday by the WSH Council and the Ministry of Manpower.

SingTel move to better protect shareholders – SINGAPORE Telecommunications (SingTel) has reduced the amount of shares it can issue without additional shareholders’ approval from 10 per cent to 5 per cent.

CapitaMall‘s Q2 distributable income up 15.8% to $67.9m – AFTER weathering half a year of bleak retail news, CapitaMall Trust’s (CMT) distributable income rose 15.8 per cent to $67.9 million for the second quarter of 2009, year-on-year.

Take up PetroChina’s SPC offer: IDs – SHAREHOLDERS of Singapore Petroleum Company (SPC) should accept the takeover offer by PetroChina, SPC’s independent directors said yesterday on the advice of the independent financial adviser (IFA).

Fragrance Group buys two more properties – PROPERTY and hotel firm Fragrance Group has bought two more properties, taking the total value of its acquisitions in the past month to close to $100 million. The company yesterday announced the acquisition of a 4,453-square-metre plot of land on Telok Kurau Road for $36.5 million and a 2,056-sq-m freehold site on Pasir Panjang Road for $23 million. The company’s two other acquisitions since mid-June cost a total of $33.51 million.

Financial help for former Sesdaq firms – THE Singapore Exchange (SGX) is offering financial assistance and more time to former Sesdaq companies to help them stay listed under the sponsor-supervised Catalist regime that replaced Sesdaq in December 2007.

Etika to buy Viet dairy firm for US$8.5m – ETIKA International is poised to enter Vietnam’s food and beverage market by acquiring a dairy company in Ho Chi Minh City for US$8.45 million. The sale-and-purchase agreement for a 100 per cent equity interest in Tan Viet Xuan (TVX) was announced yesterday.

Updated Listed Companies News

Singapore Companies Stock Market News

Posted by admin on July 18, 2009 under Articles | 2 Comments to Read

Yanlord: Breaks Ground For Its RMB 4.0 Billion Landmark Integrated Development – Zhuhai Yanlord Marina Centre; Extends Leading Presence Within The Pearl River Delta Region. – Yanlord Land Group Limited announcedthe ground-breaking for its RMB 4.0 billion integrated residential and commercial development in Zhuhai, China – Zhuhai Yanlord Marina Centre. Conducted amidst much fanfare, the ground-breaking ceremony signifies the beginning of the development of approximately 300,000 square metre gross floor area of integrated residential and commercial development consisting of high-end residential apartment units, retail mall, Grade A office space and a five-star hotel…

A-REIT: Achieved 15.8% Year-On-Year Increase In Net Property Income For 1Q FY2009/10. – Ascendas Real Estate Investment Trust is pleased to announce a Net Property Income of S$80.7 million for 1QFY09/10 which is 15.8% higher than 1QFY2008/09 due mainly to an enlarged portfolio. Distribution per unit of 3.62 cents, based on a larger unitholder base, compares favourably to a proforma DPU of 3.07 cents in 1QFY08/09 taking into account units issued as at 30 June 2009…

Midas: Share Placement Meets With Overwelming Response; S$90.6 Million Raised To Fund Expansion Plans. – Midas Holdings Limited is pleased to announce that it has successfully raised gross proceeds of S$90.6 million through a private placement of 120 million new ordinary shares representing 14.2% of the existing share capital of the Company, at the price of S$0.755 per share. The placement received strong demand from investors, including tier one global funds, long and hedge funds and support from existing shareholders…

Ezra: Enters Next Expansion Phase With Vibrant New Strategy That Will Pump Up Growth. – Ezra Holdings Limited has unveiled a vigorous new strategy that will ramp up growth, to fully mine the Group’s assets and propel it forward into its latest expansion phase. Ezra aims to significantly enhance its value-add across the Group by layering even more services onto the manifold offerings already provided by its young and sophisticated fleet. By doing so, it will be able to offer customers complete solutions and widen its operations in ways that go far beyond the acquisition of new assets…

ECS Holdings: Appoints China’s ICT Industry Veteran Mervyn Mao As Chief Executive Officer, ECS CHINA To Accelerate Growth. – ECS Holdings Limited announced a new appointment to boost its senior executive management team. The Group has appointed a 20-year veteran of China’s ICT industry, Mr Mervyn Mao, as the new Chief Executive Officer of the Group’s 100%-owned China subsidiary, ECS Technology (China) Limited. Mr Mao’s appointment underscored the Group’s focus on channelling more resources to drive continued growth in its single largest and most important market, China, which accounted for 51% of Group revenue and 48% of Group profit before interest and tax for FY2008…

Design Studio: Wins S$27.03 Million Contract From One Of The Largest Township Developments In Abu Dhabi. – Design Studio Furniture Manufacturer Ltd has successfully clinched a contract from one of the largest urban development projects in Abu Dhabi. The Group secured a S$27.03 million residential project at Rihan Heights within a township development called Arzanah located at the capital of United Arab Emirates, Abu Dhabi. Arzanah is conceived by world-renowned award-winning master planner Sasaki Associates of the USA and SMC Alsop of the UK. This new township, developed by Capitala, a joint venture between Capitaland and Mubadala, is a USD$6 billion development on Abu Dhabi island…

StarHub: Terry Clontz To Retire As CEO In January 2010. – StarHub Ltd announced that Terry Clontz will retire as its CEO in January 2010, but he will continue as a Director with the Group. Succeeding him as CEO is telecommunications industry veteran, Neil Montefiore. Terry, 58, joined StarHub in January 1999 as its founding President and CEO. He also serves as a Director on StarHub’s Board…

Swiber: Invite You To Our First WalktheTalk Seminar On 27th July 2009. – WalktheTalk is Swiber’s avenue and venue for learning and inspiration. We want to harness the endless source of ideas and inspiration that is inherent in the human spirit. We believe in the power of talk and its ability to make us take the first step towards the right direction and towards new and exciting journeys…

Advanced: Successfully Clinches S$17.0 Million In Refinery And Petrochemical Contracts. – Advanced Holdings Ltd. announced that it has successfully secured three new contracts totaling approximately S$17.0 million. Two of these projects, which were awarded to Advanced by the PRC’s largest oil and gas producer, Petrochina, are for petrochemical plants located in the country’s Sichuan and Liaoning Provinces, while the third is for an oil refinery, owned by India’s flagship national oil company and downstream petroleum major, Bongaigaon Refinery and Petroleum Limited., in Assam, India…

SPH: Reports Third Quarter Net Profit Of $127 Million. – Singapore Press Holdings Limited reported its results for the third quarter ended 31 May 2009. Recurring profit declined marginally by 2.8% to $131.3 million. The Group’s investment portfolio recorded a gain of $17.6 million compared to $25.7 million in the corresponding quarter last year. Overall, net profit of $126.7 million was lower by 5.0% compared to $133.4 million achieved in the corresponding quarter last year…

Midas: Secures Additional Fabrication Contract Worth RMB48 Million. – Midas Holdings Limited is pleased to announce that its Aluminium Alloy Division, Jilin Midas Aluminium Industries Co., Ltd has secured an aluminium alloy train car body fabrication contract worth RMB48 million. Awarded by Changchun Railway Vehicles Co., Ltd, the contract involves the provision of fabrication and welding services for large component panels used in the flooring, sides, front, back and roofing of metro train cars. The contract value represents solely processing fees for fabrication and welding services…

HG Metal: Business Associates To Snap Up S$22.5 Million New Shares. – HG Metal Manufacturing Limited has entered into 11 separate subscription agreements to allot and issue an aggregate of 225,000,000 new ordinary shares in the capital of the Group. The total consideration would amount to S$22.5 million. When completed, the subscription will increase the existing issued share capital of HG Metal from S$89.5 million comprising 550,671,962 shares to S$112.0 million comprising 775,671,962 shares…

SG Companies News
Bid to delist CK Tang hits another road block – IT’S not victory yet for the Tang brothers looking to delist CK Tang in their third attempt.

A-Reit’s Q1 property income up 15.8% – ASCENDAS Real Estate Investment Trust (A-Reit) yesterday posted a net property income of $80.7 million for its first quarter ended June 30, 2009. This is 15.8 per cent more than that a year ago, due mainly to contributions from a bigger portfolio.

Guangzhao appoints agent to sell assets – TROUBLED S-chip Guangzhao Industrial Forest Biotechnology Group yesterday announced the appointment of a non-exclusive agent as part of its bid to pay its bills. Ferrier Hodgson in Shanghai will facilitate and administer the sale of part of Guangzhao’s forestry assets.

Wong Pakshong gives up another directorship – BANKING veteran Michael Wong Pakshong has relinquished another directorship – this time with Bukit Sembawang Estates.

OSIM price surge sparks query – A SPIKE in price and unusually high trading activity for OSIM’s shares – less than a week before the release of the company’s Q209 financial results – sparked a query from the Singapore Exchange (SGX) yesterday.

Best World sets up China unit – HEALTH and wellness company Best World International has incorporated a subsidiary in China with registered capital of US$12 million.

Tough times ahead for refiners – REFINERS will face tough times until demand for oil products starts to recover, Fitch Ratings has warned.

OUE expects Q2 net loss – OVERSEAS Union Enterprise (OUE) said it will report a net loss for its second-quarter results as it writes down two development properties in its portfolio.

Cambridge Reit drops purchase of property – CAMBRIDGE Industrial Trust is not taking up an option to buy and lease back a $55.2 million industrial property at Tai Seng Street.

MAP Tech posts Q2 net loss – MAP Technology Holdings yesterday reported a net loss of US$21.5 million on revenue of US$38.9 million for the second quarter to June 30.

Profit warnings from four companies – AT LEAST four companies yesterday issued profit warnings. HLN Technologies said it expects to report a ‘significant loss’ for the financial year to June 30.

Reits seen posting lacklustre Q2 results – REAL estate investment trusts (Reits) are expected to report lacklustre earnings for the second quarter on the back of falling occupancies and rents across their portfolios.

Check this daily at : Singapore Companies Stock Market News

Ezra

Posted by admin on July 9, 2009 under Articles | Read the First Comment

08 Jul 2009 : Still trapped within the yellow downtrend channel after breaking its blue major uptrend line… 
The final midas support at 1.07 while the nearest midas resistance is at 1.20… 
Lets see if its 3Q results is good enough to clear the 1.20 midas resistance tmr……by Cind

09 Jul 2009 : Broke the yellow channel liao… with increased volume…. 
Hope there will be a nice follow through tomorrow……by pinata

Read full store here : http://www.rmao.net/forum/viewtopic.php?f=5&t=406

STI – Hourly – 20090709

Posted by admin on under Articles | 3 Comments to Read

A more in-depth look at the STI hourly chart…hope the messy lines are not too confusing…

A quick summary on the short-term support/resistance levels to look out for the next few days:

Resistance Zone: 2330~2342 (Combination of daily midas line + hourly midas line + pink hourly upper bollinger band + yellow downtrend channel line)
Support Zone: 2275~2291 (Combination of daily midas line + hourly midas line + red neckline)

So everyone is asking the same qn: To long or short at the resistance or support zone?
Ans: Simply trade what you see; not what you think…

By Cind : http://www.rmao.net/forum/viewtopic.php?f=2&t=209&start=240