Markets and Investing
DBS’ trading income volatility set to persist
In Q2 2011, trading income slumped 43% to $146 million.
DBS’ trading income volatility set to persist
In Q2 2011, trading income slumped 43% to $146 million.
OSIM’s $18.8m profit within analyst's expectations
It was 2.2% higher than OCBC’s projection of $18.4 million.
Frasers Centrepoint Trust revenues down 11.1% to$27.3m
The slump was mainly due to a lower contribution from Causeway Point as it is currently undergoing refurbishment works.
Singapore-registered unit trusts fall 1.88% in June
Commodity funds were the least profitable, losing 5.82%.
Keppel Corp’s revenue falls 3.7% to S$2.3b
Its offshore and marine division remained the largest contributor to total net profit with a 68% share.
Cache Logistics funds $13m warehouse acquisition through debt
The property in 22 Loyang Lane is a 63,290 sqft purpose built bonded warehouse with ancillary office.
OCBC’s net interest income set to be ‘unexciting’
DMG is forecasting OCBC's 2Q11 net profit to be S$607m, a 3% QoQ decline.
Hedge funds continue to struggle on disappointing market conditions
In June, the S&P 500 index recorded a second month of significant losses with -1.67% and implied volatility of 16.5% rose again.
DBS’ earnings to drop 10% in 2Q11
CIMB expects the bank’s earnings to total S$727m.
Ezra Holdings’ net profit drops 75% to US$6.6m in 3QFY11
This was mainly due to a fall in gross profit margin of 17% vs. 31% in 3QFY10, with the consolidation of newly acquired AMC.
S-REITs beat developers by 13%
They have collectively acquired cS$1.9bn of assets YTD.
All quiet on the Wilmar International M&A front
The commodoties company has been ‘uncharacteristically quiet’ with only A$115m worth of acquisitions this year.
Venture Corp’s attractive dividends cover flat earnings
Dividend yield is expected to be secure and attractive at 6.3%, says Kim Eng.
K-Green Trust outperforms high-profile peer HPH Trust
Its stable price and projected yield of 6.9% makes it an excellent platform for investors looking for predictable and attractive yields, says Kim Eng.
Offshore companies to face higher financial risks
If the new accounting lease model is implemented, companies will likely report higher net gearing ratios and lower asset turnover.
Is SembCorp Marine losing to Keppel?
The shipping company only won S$1.5 billion worth of new orders this year versus Keppel’s S$7.1 billion.
Olam International building up a ‘huge war chest’
That is with $740m from its latest equity‐raising and a recent $1.5b term loan, says Kim Eng.
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