Singapore Listed Company News
Singapore Listed Company News
- - Ascendas Real Estate Investment Trust is pleased to announce that HSBC Institutional Trust Services (Singapore) Limited, in its capacity as trustee of A-REIT, has issued S$200 million 4.00% Notes due 2022. The Notes were issued under the S$1,000,000,000 Multicurrency Medium Term Note Programme established by the Issuer on 20 March 2009. Australia and New Zealand Banking Group Limited and United Overseas Bank Limited were the joint lead managers for the Issue...
- - Multi-Fineline Electronix, Inc. reported strong financial results for its fiscal first quarter ended December 31, 2011. Net sales in the first quarter of fiscal 2012 were $239.3 million, exceeding the high end of the Company's guidance range, compared to net sales of $241.2 million in the same period of the prior year. Gross margin during the first quarter of fiscal 2012 was 12.2 percent, compared to 14.3 percent for the same period in fiscal 2011. The year-over-year decline was attributable to higher capacity related costs to support anticipated 2012 customer demand, as well as rising labor costs and an appreciating yuan in China. Sequentially, gross margin increased 220 basis points primarily due to improved capacity utilization. Net income for the first quarter of fiscal 2012 was $13.5 million, or $0.56 per diluted share, compared to net income of $15.1 million, or $0.62 per diluted share, for the same period in the prior year...
- - Karin Technology Holdings Limited wishes to announce that Compusmart Limited, its indirect wholly-owned subsidiary, has entered into an agreement to purchase the 8th Floor, Karin Building, formerly known as Kai Sun Building, No. 166 Wai Yip Street, Kwun Tong, Kowloon, Hong Kong, with an area of 4,048 sq. ft., from an independent third party vendor. The purchase price of the 8th Floor is HK$16,200,000. The Acquisition will be fully funded from the Company's internal cash resources and bank borrowings...
- - See Hup Seng is pleased to announce that its wholly-owned subsidiary, TAT Petroleum Pte. Ltd. has secured a new contract from its principal supplier, which is one of the world's largest refiners of petroleum products, to package and resell asphalt in drums for a period of five years commencing from 1 February 2012. This packaging and resale contract will enable TAT Petroleum to extend its product offering and strengthen its revenue base. Asphalt is a petroleum-derived product that is used primarily in road construction. Under the terms of the contract, TAT Petroleum will purchase asphalt in bulk from its principal supplier, and fill the product into drums that carry the principal supplier's trademark and brand. TAT Petroleum has the right to resell the asphalt products to customers across all geographical territories...
- - Mercator Lines (Singapore) Limited announced a decrease of 10% in revenues to USD 109.3 million for the first nine months of Financial Year 2011-2012 ending 31st March 2012, as compared to USD 121.7 million for the corresponding period previous year. The total number of vessel operating days grew by about 13% during the period from 4153 days 2011 to 4702 days during the period due to capacity expansion. The Time Charter Equivalent rate per vessel per day was USD 20,585 for the period. Profits for the period decreased by 76% to USD 6.8 million due to lower spot rates, renewal of contracts at lower rates and an increase in operating expenses...
- - Mermaid Maritime Public Company Limited is pleased to announce that its subsidiary MTR-1 (Singapore) Pte. Ltd., has secured a letter of award with an international upstream oil and gas company for accommodation barge support services in Indonesia utilizing the 'MTR-1'. The duration of this Contract is for 150 days and has a potential value of USD 4.9 million...
- - Treasury China Trust is pleased to announce that Richard Barrett, Chairman and Non-Executive Director of the Trustee-Manager, has acquired an additional 1,800,000 units in TCT, which has increased his direct holding in TCT to 6.88% (17,449,720 Units) from 6.17%. These units were acquired from Treasury Asian Investments Limited, an existing unitholder in TCT, which now holds 9.82% (24,929,095 Units), reduced from 10.53% (26,729,095 Units) prior to the sale...
- - In 4Q 2011, CDL Hospitality Trusts registered a gross revenue of S$37.8 million, representing an increase of 13.4% from the corresponding period in 2010. This was attributed to improved hospitality performance across the portfolio and contribution from Studio M Hotel, which was acquired in the second quarter of 2011 and accounted for approximately S$2.7 million of the gross revenue increase. Net property income for the reporting quarter climbed to S$35.5 million, up 12.7% from the corresponding figure in 4Q 2010. Accordingly, income available for distribution, before deducting income retained for working capital, increased 12.5%, from S$28.0 million in 4Q 2010 to S$31.5 million in 4Q 2011. Income to be distributed per Stapled Security, after deducting income retained for working capital, for 4Q 2011 was 2.94 cents, 5.8% higher than the 2.78 cents reported in 4Q 2010...
- - Trek 2000 International Ltd. has achieved another out-of-court settlement with memory product manufacturer and distributor, Patriot Memory LLC. This is its second success following the International Trade Commission Complaint filed against eight companies for alleged infringement of four USB-flash drive patents on June 15, 2011. Trek's first out-of-court settlement was reached with two companies of the Verbatim Group Corporation in October 2011, during which licensing agreement was established. In addition, the settlement included the recovery of legal costs. Likewise, Trek grants to Patriot a non-exclusive, non-transferable, irrevocable license under the Licensed Patents to make, have made, use, import, offer to sell and/or sell Licensed Products worldwide during the term of the Licensed Patents...
- - Gross revenue increased 9.6% to S$87.8 million in FY2011. Net property income increased 9.1% to S$80.3 million in FY2011. DPU increased 9.2% to 9.60 cents in FY2011. Achieved interest cost savings of S$2.5 million with dynamic debt management. Retention of Distributable Income for capital expenditure in FY2012. On solid ground with defensive strategies and healthy long-term prospects...
- - Micro-Mechanics (Holdings) Ltd. reported a net profit of S$2.0 million for the six months ended 31 December 2011, compared with S$3.8 million in the same period a year ago. Group revenue fell 17.3% to S$19.1 million in 1H12, from S$23.1 million in 1H11, as continuing global uncertainties led to slower business conditions. For the three months ended 31 December 2011, the Group reported revenue and net profit of S$8.7 million and S$0.7 million respectively, compared to S$11.4 million and S$1.8 million in 2Q11. The Group is recommending payment of an interim dividend of 1.0 cent per share (one-tier tax exempt) totaling S$1.4 million. The dividend will be paid on 23 February 2012 to shareholders on record as at 8 February 2012...
- - Through the years, Swiber has responded to a variety of causes through its Corporate Social Responsibility initiatives. The commitment to serve and to help those in need have been deeply ingrained within the organization that for this Christmas celebration, this spirit of giving was demonstrated all the way to the different business unit levels. With the theme "Swiber Gives Back", eleven groups composed of three subsidiaries, four overseas offices and four business units chose private individuals or established charity organizations to help out. In addition, each team then came up with a compelling documentary about their causes for a video competition wherein the winner will be adopted by Swiber as one of its main CSR project for 2012. With this added motivation, all teams plunged in with varied and creative fund-raising activities to enable them to provide and celebrate a more meaningful Christmas with them...
SG Companies News
- - WHEN volume and speculative interest in penny stocks take off as they have over the past week, regulators should brace themselves - because history has shown they might soon have their work cut out for them.
- - ARTIVISION Technology has inked a memorandum of understanding with Intel Corp in a deal that could provide the Catalyst-quoted company with a strong earnings stream.
- - DOING business is often about who you know and it helps if you are on friendly terms with your bankers. This week, several thousand businessmen attended Lunar New Year gatherings hosted by the major banks to meet the top brass, fellow business associates and enjoy the food and drink.
- - EU Yan Sang International has offered A$5 million to buy certain businesses of bankrupt Healthzone, an Australian firm in which the Singapore-listed traditional Chinese medicine retailer has a stake of over 16 per cent.
- - THAILAND'S Total Access Communication pcl (TAC) said yesterday it had no plans to delist from the Singapore bourse after market talk pushed the Singapore-listed shares up more than 40 per cent.
- - LISTED property and retail group Second Chance Properties posted an 8 per cent increase in net profit to $9.6 million for the six months ended Dec 31, 2011.
- - FORTIS Healthcare (India) Ltd plans to raise US$300 million by spinning off its non-core business into a separate company, which will then be listed on the Singapore Exchange (SGX), a report in the Economic Times newspaper said.
- - SINGAPORE-LISTED electronics manufacturing service provider Valuetronics Holdings Ltd yesterday posted net profit of HK$31.49 million (S$5 million) for the third quarter ended Dec 31, 2011, a 0.3 per cent year-on-year decline from HK$31.57 million.
- - THE local debt market continues to buzz, with Keppel Corp the latest to tap investors yesterday with a $400 million, 10-year, 3.145 per cent bond offering.
- - GOLDTRON'S longest-serving board member, Low Seow Chye, has resigned from his position as the company's lead independent director.
- - CAPITALAND has unveiled key appointment changes, in line with its ongoing effort to groom younger talent for leadership roles.
- - TRADING activity in the securities market soared last month, with overall volume jumping 62.7 per cent to 24.6 billion shares, compared to December's 15.1 billion shares.
- - (FRANKFURT) Deutsche Bank AG cut pay for employees at the corporate and investment bank by 15 per cent in 2011 after income at the division plunged, following lower compensation at Wall Street competitors.
- - (NEW YORK) Nasdaq OMX Group Inc's quarterly profit declined due to a number of expenses, but when stripping out the one-time charges, the Nasdaq stock market parent beat analysts' expectations.
- - (LONDON) NYSE Euronext chief executive officer Duncan Niederauer said the exchange operator is considering whether to appeal against European regulators' veto of its merger with Deutsche Boerse AG.
