Markets and Investing
Keppel Land may turn into a pure play residential developer in Singapore
DMG believes market concerns on KepLand may revolve around possible injection of its remaining assets into K-REIT in the medium term.
Keppel Land may turn into a pure play residential developer in Singapore
DMG believes market concerns on KepLand may revolve around possible injection of its remaining assets into K-REIT in the medium term.
CapitaMalls Asia acquires Minhang Plaza and Hongkou Plaza for $949.7m
CMA’s post-acquisition effective stakes in the properties will be 65% and 72.5% respectively.
ASL Marine Holdings’ $31.9m profit within expectations
But the shipping company's revenue declined 22% to S$363.2 million.
Sabana REIT acquires 39 Ubi Road 1 for $32m
The subject property has a remaining tenure of approximately 40.4 years.
OCBC’s lending grows 9% in 2Q11
DBS expects loan growth to moderate in 2H11, with 2011 loan growth guided at 20-21%.
Frasers Commercial Trust gets go-ahead to redevelop KeyPoint
Conditions include minimum 60% of GFA for residential use and a commercial portion of not more than 40% but not less than 20% of GFA.
On track: Midas Holdings’ Q2 earnings up 15% to RMB63m
And metro and export wins could bolster Midas’ current RMB1.1bn order book.
Time to sell your stocks in Singapore
An analyst senses more shocks than positive surprises ahead, as low forward earnings multiples become a myth.
Genting’s net profit drops 20% to $243m
Its revenue also fell 21% to $729m in 2Q11.
SingTel dividends a ‘defensive safe haven’
Despite SingTel’s disappointing 1QFY Mar12 results, the stock remains defensive against market turmoil with a 6% yield.
UOB’s net profit up 3.8% to S$636m in 2Q11
Loans expanded 7%QoQ and was largely driven by financial institutions.
City Developments’ profit rises 17% to S$220.9m in 2Q11
CDL sold 809 residential units at a total value of S$794m in 1H11.
Noble’s net profit plunges 31.2% to US$139.8m
And its revenue eased 1.6% to US$19.6b.
Wilmar’s net profit up 14.1% to US$393.1m in 2Q11
Its revenue also surged 56.2% to US$10.5b.
UOL’s profit up 16% to S$202.2m in 2Q11
Its revenue also increased 40% YoY to S$455.9m.
Golden Agri-Resources’ net profit drops 22% to US$179.9m in 2Q11
While its revenue surges 9.4% to US$1.6b.
Analyst expects Aussie Tiger Airways to exit Avalon base
All staff are being offered redeployment to its Melbourne Tullamarine base.
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