Home THE DAILY EDGE Business Feb 18: SembMarine, SIA, Yanlord, Ho Bee, China Fishery, Abterra
Feb 18: SembMarine, SIA, Yanlord, Ho Bee, China Fishery, Abterra

Tags: Abterra | China Fishery | China Fishery Group | Ho Bee Investment | Sembcorp Marine | Singapore Airlines | Singapore Airlines 200 | Yanlord | Yanlord Land Group

Written by The Edge   
Thursday, 18 February 2010 08:24
smaller text tool iconmedium text tool iconlarger text tool icon

Singapore’s Straits Times Index gained 1.3% to 2,794.06 at the close yesterday. Thirteen stocks rose for each that fell on the 30-member gauge. Stocks on the measure trade at 14.8 times estimated earnings, compared with about 10 times at the start of 2009, according to data compiled by Bloomberg. US stocks rose last night as stronger-than-expected corporate results and upbeat economic data fed expectations the recovery will bolster corporate profits. Here are some stocks to track today.

Sembcorp Marine (SCMN.SI), the world's second-largest offshore oil rig builder, said today it has clinched several ship repair and upgrading deals worth $130 million.

Singapore Airlines (SIAL.SI), the world's second-most valuable carrier by market value, said on Wednesday it filled 68.2% of the passenger and cargo space available on its planes in January, up from 63% a year ago. The January figure was, however, below the 71.7% reported for December 2009.

Property developers Yanlord Land Group (Z25.SI) and Ho Bee Investment (H13.SI) say they have jointly acquired a 13.69 hectares prime residential development site with gross floor area (GFA) of 246,487 sqm in Qingpu District, Shanghai, for RMB3.82 billion ($785 million) or RMB15,498 per sqm in an auction.

China Fishery Group (CFG SP) says its proposed secondary listing on Oslo Børs of Norway has been approved and has received in-principle approval from the SGX for the listing and quotation of up to 172 million new shares in connection with the public offering in Oslo

Abterra (ABTR.SI), the emerging supply chain manager of resources and minerals in Asia Pacific, says it has secured a $20 million equity line facility from YA Global Masters SPV Ltd, to fund Abterra’s regional growth and working capital needs.

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 Thursday, 18 February 2010 08:29