Home THE DAILY EDGE Business Feb 10: CapitaLand, CapitaMall Trust, Marco Polo Marine, Jaya Holdings, Fabchem China, Goodpack
Feb 10: CapitaLand, CapitaMall Trust, Marco Polo Marine, Jaya Holdings, Fabchem China, Goodpack

Tags: Capitaland | Capitamall Trust | China Environment | China Essence Group | Fabchem China | Goodpack | Grand Banks Yachts | Jaya Holdings | Marco Polo Marine | Noble Group | Pan Hong Property Group | Raffles Education Corporation | Silverlake Axis | Stamford Land Corporation | Trump Dragon Distillers Hldgs

Written by The Edge   
Wednesday, 10 February 2010 08:52
smaller text tool iconmedium text tool iconlarger text tool icon

The following companies may have unusual price changes in trading today. Singapore’s Straits Times Index climbed 1.9% to 2,745.02 yesterday.

US stocks rallied, sending the Dow Jones Industrial Average back above 10,000, as prospects for a bailout of Greece eased concern that deteriorating government finances will derail the global economic recovery.

CapitaLand said 95% of the units at its Beaufort condominium project in Beijing have been sold since the properties were first offered in late January. Total sales value amounts to more than 800 million yuan ($166 million), the company said.

CapitaMall Trust, the Singapore-based shopping mall operator part-owned by CapitaLand, said it agreed to buy Clarke Quay for $268 million from CapitaMalls Asia.

Marco Polo Marine, the integrated marine logistic group, says net profit increased by 269%, to $4.8 million for the three months ended 31 December 2009 (Q1 FY2010) from $1.3 million in Q1 FY2009.

Jaya Holdings, the offshore chartering and shipbuilding group, says net profit attributable to equity holders for the Second Quarter ended 31 December 2009 (2QFY10) amounted to $35.3 million, a 32% increase over 2QFY09.

Luxury yacht maker Grand Banks Yachts reported a net loss of $1.9 million for the second quarter ended 31 December 2009 compared to a net loss of $2.5 million for the same period last year as market and economic conditions remained unfavourable.

Fabchem China, the manufacturer of initiation systems and non-electric detonators for explosives, says it posted a 7.1% rise in revenue RMB 81.2 million ($115.6 million) in the third quarter of the financial year ending 31 March 2010 (3Q2010) compared to 3Q2009.

China Environment, the maker of equipment used in treating waste gas, said it won a 58.2 million yuan ($12.1 million) contract from the Shanxi Province Electric Co.

Noble Group is in talks to help Aston Resources Pty. finance its A$480 million ($524 million) purchase of the Maules Creek coal deposit, the Australian Financial Review reported in its Street Talk column, without saying where it got the information. Aston needs to provide financing by Feb 16 after agreeing to buy the deposit from Coal & Allied Industries, according to the newspaper. Noble rose 1.8% to $2.78.

Pan Hong Property Group said it had third-quarter profit of RMB56.8 million ($11.8 million), compared with a year-earlier loss of RMB3.6 million.

Raffles Education Corp. said Rawa Investments (Cayman Islands), a unit of Malaysian state-linked investment company Khazanah Nasional Bhd, agreed to buy a 10% of its wholly-owned unit Oriental University City for $62.5 million. Raffles Education gained 3% to 34.5 cents.

Silverlake Axis has secured two new contracts in China for a total value of $70 million to provide cards (credit, debit and loyalty cards) and logistics IT solutions to HNA Group Co.

Trump Dragon Distillers Holdings, the producer and seller of baijiu products in Henan Province, China, registered a 2.1% y-o-y rise in net profit attributable to equity holders of RMB35.6 million ($7.4 million) in the three months ended December 31, 2009 (2QFY2010).

Goodpack posted profit attributable to equity holders rose 32.9% to US$9.75 million ($13.81 million) for the three months ended Dec 31 2009 (2Q2009/10) from US$7.3 million in 1Q2009/10 on the back of demand recovery and operational efficiency.

Stamford Land Corporation, the owner and operator of luxury hotels and developer of top-tier residential and commercial properties, says profit after tax increased by 113% to $16.8 million for the third quarter 2009/10 due from $7.9 million a year ago due to the absence of unrealised losses in current investments and lower finance costs.

China Essence Group, the integrated producers of potato products, says net profit fell 15% to RMB 68.8 million ($14.3 million) and revenue fell 11% to RMB 314 million for the third financial quarter (3Q FY2010).

Quote this article on your site

To create link towards this article on your website,
copy and paste the text below in your page.




Preview :


Last Updated on Wednesday, 10 February 2010 08:55