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ST Engineering's first quarter profit up 20% to S$111mn
The group expects higher turnover and profit for this year as it continued to get new orders as it ended the quarter with a $11.3bn order book.
ST Engineering's first quarter profit up 20% to S$111mn
The group expects higher turnover and profit for this year as it continued to get new orders as it ended the quarter with a $11.3bn order book.
SGX to add 8 new ADRs
All the ADRs are fungible with those listed in the US and allow investors, for the first time, to manage their exposure to these companies round-the-clock.
CapitaLand to develop sixth residential site in Vietnam
In a third joint venture with Khang Dien Sai Gon Real Estate JSC, CapitaLand will develop a 29,000 sq m site into 974 units of value homes.
Singapore Airlines Engineering net earnings up 9% in FY2011
This reflected the strong recovery momentum in the MRP sector after the aviation downturn in 2009.
DBS Asset Management launches DBS Asia Asset Allocator Fund
The fund offers investors a multi-asset class approach to long-term wealth management with an Asian focus.
Banyan Tree PATMI surged 36% in 1Q11
PATMI increased to $10 million due to the gain on divestment of a development site and lower depreciation.
Maybank acquires stake in Kim Eng
Mayban IB, formerly known as Aseam Credit, announced the completion of the acquisition for 44.63% of the issued share capital of Kim Eng.
Otto Marine's PATMI plummets 71% YoY for 1Q11
The shipbuilder reported a lower PATMI at S$7.0mln on the back of lower shipbuilding revenue.
Yongnam clinches SG Sports Hub contract
The steel contractor won a S$75 million sub-contract for the construction of the new 7-storey sports stadium Located off Nicoll Highway, within the Kallang planning area, the key features of the new Stadium include a movable roof cover and a retractable grandstand.
Residential site at Jalan Loyang Besar / Pasir Ris Drive 4 nets $246mn bid
The tender for the site closed today and MCL Land Limited submitted the highest bid.
InterContinental Hotels Group operating profit surge 23% in 1Q11
First quarter global RevPAR grew 6.9%, including rate growth of 1.9%, said IHG.
Singapore-based investors can now tap into Malaysian property sector
The next possible stop for venturing investors from Singapore definitely has to be its booming neighboring country, Malaysia, said a government official from the middle-income economy while citing efforts to strengthen business environment.
Conservation bungalow site along Marine Parade Rd set reserve price of up to $110mn
This works out to be $1,164-$1,262 psf ppr including an estimated DC of $19.5 million based on a potential GFA of 102,648 sf.
URA to launch tender for industrial site at Tuas View Square
URA has received an application from a developer who has committed to bid at a price of not less than $4,888,888.00 in the tender for the land parcel.
Sembcorp Marine's strong 1Q11 margins offset by lower revenue
Gross profit margin soared 23.5% in the first quarter although net profit fell 39% YoY to S$151mln.
OUE net profit jumped 23.3% in 1Q 2011
Overseas Union Enterprise net profit grew from $184.6 million to $227.6 million.
Sembcorp net profit up 1.2% in 1Q11
Net profit surged to $150.6 million, said Sembcorp Marine.
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