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Joan Ng
Weekend Comment Jul 17: Geo-political risks rising PDF Print E-mail

Tags: ComfortDelGro Corp | Food Empire Holdings | Singapore Airlines | SMRT Corp | Tiger Airways Holdings

Written by Joan Ng   
Saturday, 19 July 2014 18:01

REGIONAL EQUITY MARKETS had a rocky start today after Malaysian Airlines flight MH17 crashed near the Ukraine-Russia border. The Straits Times Index managed to end the day in positive territory at 3,310.53 points, up 3.64 points or 0.11%. In Malaysia, however, the FTSE Bursa Malaysia Kuala Lumpur Composite Index was down 10.17 points or 0.54% to 1,872.97 points. Other Asian markets that ended down included Japan, Hong Kong, Taiwan and Thailand. The plane was shot down as it was flying over Ukrainian airspace.

Last Updated on Saturday, 19 July 2014 14:05
 
New model better for bus operators, but may not be better for commuters PDF Print E-mail
Written by Joan Ng   
Monday, 02 June 2014 13:38

AS SHAREHOLDERS OF Comfort DelGro Corp, SBS Transit and SMRT Corp rejoice over the government’s decision to transit to a government contracting model for the public bus industry, commuters may want to reserve their judgement for now. The Land Transport Authority (LTA)’s proposal to offer bus routes to operators through a competitive tendering process will relieve the public transport operators (PTOs) of the burden of running a loss-making bus service. But it is difficult to see how transferring that burden from the shoulders of private enterprise to the public sector will give commuters a better bus ride.
Last Updated on Monday, 02 June 2014 13:40
 
Weekend Comment May 30: Tiger Airways takes flight PDF Print E-mail

Tags: AirAsia | Garuda Indonesia | Singapore Airlines

Written by Joan Ng   
Friday, 30 May 2014 23:30

THE SINGAPORE EXCHANGE has been kept busy for several weeks now, querying companies whose shares have spiked suddenly on large volumes. Low cost carrier Tiger Airways Holdings is the latest to join the club. At 3.22pm today, it was queried about its trading activity. As of 5.30pm, it had yet to respond.
 
Shares of Tigerair surged to as high as 54.5 cents at 3.14pm, a 21.1% increase from their close on May 29 at 45 cents. They ended today at 53 cents. Trading volume was unusually heavy, at close to 30 million shares – the highest volume in two years and 12.9 times the average traded over the past 30 days.
Last Updated on Monday, 02 June 2014 09:20
 
Weekend Comment Apr 4: Property blues PDF Print E-mail

Tags: Ascendas India Trust | Ascendas REIT | Capitacommercial Trust | Capitaland | Capitamall Trust | CDL | Centurion Corp | China New Town Development Co | City Developments | Fragrance Group | Frasers Centrepoint | GLP | Ho Bee Land | Hongkong Land Holdings | Keppel Land | Suntec Reit | Uol Group | Wing Tai Holdings

Written by Joan Ng   
Friday, 04 April 2014 21:55

ON APRIL 1, the Urban Redevelopment Authority released its flash estimate of the price index for private residential property in 1Q2014. The index is estimated to have fallen 2.7 points q-o-q, from 214.3 points in 4Q2013 to 211.6 points in 1Q2014. This represents a 1.3% decline, accelerating from the 0.9% decline reported in 4Q2013.
 
Real estate-related stocks, on the other hand, have been surprisingly buoyant. The FTSE ST Real Estate Index ended the month of March up 1%, according to FTSE’s monthly report. This was below the 2.5% gain in the Straits Times Index (STI) and the 1.3% gain in the FTSE ST All-Share Index. Nevertheless, it suggested that investors still see value in select property counters.
Last Updated on Monday, 02 June 2014 13:37