Home THE DAILY EDGE Business March 19: SembMarine, Tiger Airways, Noble Group, Dayen
March 19: SembMarine, Tiger Airways, Noble Group, Dayen

Tags: Dayen Environmental | Noble Group | Sembcorp Marine | Tan Chong International | Tiger Airways | Tiger Airways Holdings

Written by The Edge   
Friday, 19 March 2010 08:52
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Singapore’s benchmark Straits Times Index (.FTSTI) yesterday fell 0.18% to 2,913.94 points. Last night, The Dow Jones industrial average (.DJI) rose 0.42% to 10,779.17 points. The Nasdaq Composite Index (.IXIC) finished 0.09% higher to end at 2,391.28 points. Here are some stocks and factors to watch:

Sembcorp Marine (SCMN.SI) , the world’s second-largest offshore oil rig maker, said it has secured a $550 million contract from ConocoPhillips (COP.N) to build accommodation for the North Sea’s Ekofisk field.

Budget carrier Tiger Airways (TAHL.SI) and Standard Chartered have signed two financing agreements — the first for pre-delivery payments to Airbus for six aircraft, and the second for the purchase of seven additional aircraft. Tiger currently has 19 planes and is targetting a fleet of 68 by 2015.

Noble Group said that it has signed an agreement to begin construction pn expansion of the Botlek Tank Terminal’s (BTT) tank storage capacity. The expansion raises the capacity from 11,000 cubic metres to 200,000 cubic metres. The project involves the construction of 130,000 cubic metres storage tanks for mineral oils and 70,000 cubic metres storage tanks for vegetable oils or biodiesel.

Dayen Environmental has bagged a $6.55 million contract by The Public Utilities Board to undertake the engineering, procurement and construction works to construct a pumping station with a capacity of 68,000 cubic metres per day within Jurong Water Reclamation Plant to deliver additional industrial water to Jurong Island.

Tan Chong International said profit attributable to shareholders for the financial year ended 31 Dec 2009 was HK$492.7 million ($88.6 million) after taking a write-back on and revaluation gain from listed securities and investment properties of HK$196.2 million and HK$209.0 million respectively.

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Last Updated on Friday, 19 March 2010 08:53