Home THE DAILY EDGE
The Daily Edge
Temasek exits New China Life with $343 mil share selldown PDF Print E-mail

Tags: Temasek Holdings

Written by Reuters   
Friday, 25 July 2014 13:38

Singapore state investor Temasek Holdings said on Friday it had sold all of its remaining shares in New China Life Insurance (NCI), on the back of a 27% rally in the stock over the past year.

Temasek sold 78 million shares in NCI, China’s third-largest life insurer at HK$27.45 ($4.40) each raising HK$2.14 billion ($343 million), after offering the stock in a HK$27.30 to HK$27.85 per share indicative range, a source familiar with the deal told Reuters.

Last Updated on Friday, 25 July 2014 13:39
 
MTQ Corp posts 35% fall in 1Q earnings to $4.2 mil PDF Print E-mail

Tags: MTQ Corp

Written by The Edge   
Friday, 25 July 2014 13:30

MTQ Corp said earnings declined 35% to $4.2 million for 1QFY2015 ended June from $6.5 million a year ago as revenue fell 19% to $76.7 million. This translates into earnings per share of 2.75 cents for the first quarter.

The decrease in earnings was largely due to the absence of vessel campaign at Neptune Marine Services which had previously boosted revenue. Within the Oilfield Engineering segment, the Singapore business recorded lower sales while the group had a quiet start from the Binder Group.

Last Updated on Friday, 25 July 2014 13:31
 
Yoma Strategic posts 1Q earnings of $1.4 mil PDF Print E-mail

Tags: Yoma Strategic | Yoma Strategic Holdings

Written by The Edge   
Friday, 25 July 2014 13:19

Yoma Strategic said earnings for 1Q2015 ended June increased 243.1% to $1.4 million from $0.4 million in 1Q2014. Group revenue increased 13.9% to $17.3 million.

Higher sales were mainly driven by its Real Estate Division. Revenue from the Real Estate Division for 1Q2015 rose 8.6% to $15.6 million from $14.4 million in 1Q2014 contributing 90% to the revenue. The increase was attributed to sustained sales of land development rights (LDRs) and residences in its key flagship projects.

Last Updated on Friday, 25 July 2014 13:32
 
Samudra Energy looks to raise up to $276 mln in Singapore IPO PDF Print E-mail

Tags: Accordia Golf Trust | Caprice Capital International | Samudra Energy

Written by Reuters   
Friday, 25 July 2014 10:20

Samudra Energy, which owns gas and oil interests in Indonesia, is seeking to raise $248 million to $276.3 million in an initial public offering in Singapore, according to a term sheet seen by Reuters.

The deal is a sign of some revival in Singapore’s IPO market, which in January-June saw the slowest start to a year in terms of amounts raised since the first half of 2012.

Last Updated on Friday, 25 July 2014 10:21
 
Singapore central bank to ease corporate bond buys for retail investors PDF Print E-mail

Tags: MAS

Written by Reuters   
Friday, 25 July 2014 09:52

The Monetary Authority of Singapore (MAS) is looking at ways to give retail investors greater access to corporate bonds in an effort to widen their investment choices, The Straits Times reported.

MAS Managing Director Ravi Menon said on Thursday that low interest rates as well as increased affluence and sophistication have spurred investors to seek better returns from financial investments.

The MAS plans to review how retail access to fixed-income products can be improved, which would involve making it easier for issuers to offer bonds to retail investors, while maintaining sufficient safeguards.

 

 

 

Last Updated on Friday, 25 July 2014 09:53
 
<< Start < Prev 1 2 3 4 5 6 7 8 9 10 Next > End >>

Page 1 of 100