Home

The Daily Edge

Offshore marine firm POSH raises $389 mil in Singapore IPO: Update

PACC Offshore Services Holdings (POSH) could raise at least $389 million after pricing its initial public offering near the bottom of the pricing range indicated earlier, the company said on Thursday.   The deal comes as Singapore’s IPO market has struggled in recent years. Most big-ticket listings in Asia opt for Hong Kong where there is more robust demand from Chinese and international...

ComfortDelgro shares near 11-month high; Singapore index flat

Shares in ComfortDelgro rose to their highest in nearly 11 months on Thursday, outperforming a flat Singapore market following weaker-than-expected March export data. ComfortDelgro shares surged 3% to as high as $2.09, its highest since May 22, 2013. Around 6.2 million shares of the company changed hands, more than 1.7 times its 30-day trading average.

Singapore’s weak March exports cast pall over outlook

Singapore’s exports in March fell more than expected on declines in shipments to the United States and Europe, official data showed on Thursday, clouding the city-state’s trade outlook. Non-oil domestic exports slid 6.6% in March from a year earlier, according to the trade agency International Enterprise Singapore, far below a median forecast of a 0.8% dip in a Reuters poll.

Offshore marine firm POSH may raise $389 mil in Singapore IPO

PACC Offshore Services Holdings (POSH) could raise at least $389 million after pricing its initial public offering near the bottom of the pricing range indicated earlier, two sources with knowledge of the matter said. Underwriters have recommended POSH to price the deal at $1.15 a share against an indicative price range of $1.13 to $1.24 a share, the sources said. The company is selling 337.625...

Apr 17: Morning preview

Shares in Singapore ended 0.21% higher on Wednesday, in line with regional bourses, following overnight gains on Wall Street. The Straits Times Index rose 6.88 points to end at 3,253.20. Here are some stocks that could move the market this Thursday morning: Keppel Corp’s first-quarter net profit fell 5% from a year ago to $339 million despite group revenue rising 8.6% to $2.996 billion....

EUR/USD, GBP/USD, AUD/USD Performance Charts as at 12:00p.m. Singapore time, 17/04//2014

Keppel Corp Q1 net profit falls 5% to $339 million

Ezion Holdings sells shares worth $194 mil to Hong Leong units

Hotel Properties shares hit over 6-year top; Singapore index muted

Malaysian Hong Leong unit subscribes to $194 mil of Ezion shares

Apr 16: Keppel Land, Qian Hu

Cambridge Industrial Trust’s 1Q DPU up 1.4% year-on-year

AUD/USD, USD/JPY Performance Charts as at 12:00p.m. Singapore time, 16/04//2014

Singapore Airlines spreads wings into F1

Ascott Marunouchi Tokyo to open in 2017, ahead of Olympics

Blog Heads

Lim Yin Foong: London facing ‘no lights on’ phenomenon

Lim Yin Foong: London facing ‘no lights on’ phenomenon

IT’S BEEN DUBBED the “Billionaire’s Row” and “Britain’s Blingest Road”, with properties worth up to £65 million ($136 million). Located in North London, The Bishops Avenue is said to be one of the most affluent streets in the world. The likes of steel...

Daryl Guppy: China breakout above resistance

Daryl Guppy: China breakout above resistance

MORAL HAZARD IS difficult to translate into Chinese. It describes the situation where something is too big to fail, so government will step in. In China, this used to apply to state-owned enterprises. The SOEs could do virtually anything, safe in the knowledge that if things went wrong, the government...

Weekend Comment Apr 11: Spate of M&As to continue, says CIMB

"NEW ECONOMY” stocks like the high-tech Internet startups tend to be sexier and more sought-after most of the times, but in their current downtrodden status, "Old Economy” stocks, like those in property and transport, might be the ones actually stealing the limelight.   “Asia...

Manu Bhaskaran: Is the Thai crisis reaching a climax?

THERE IS INCREASING pessimism being expressed about Thailand’s prospects as its political crisis deepens. Some fear an outright civil war while others speak of the country splitting, with the north and northeast separating away from the rest. What are the likely scenarios for Thailand?

Daryl Guppy: China breakout moves sideways

TWO ISSUES DOMINATE the China debate: the anti-corruption campaign and shadow banking. Both are significant but it is often difficult to accurately judge the degree or severity of the problem. The China bears say not enough is being done about corruption and that the shadow banking system is understated....

Weekend Comment Apr 4: Property blues

Lim Yin Foong: Reviving Britain’s savings culture

Daryl Guppy: China breakout pauses

Weekend Comment Mar 28: XinRen pulls ahead amid S-chip slumber

Manu Bhaskaran: What are the markets missing?

Daryl guppy: Opportunity in China growth slowdown

Weekend Comment Mar 22: SingTel to gain from World Cup strategy, says Citi

Lim Yin Foong: Struggles of the squeezed middle class

Daryl guppy: China disconnections drive commodity crisis

Weekend Comment Mar 14: Corporate restructuring lifts Olam and Global Premium Hotels