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May 23, 2013 • by Donavan Lim A total of S$1.2 billion worth of new infocomm tenders in the fiscal year 2013 will be called by the Singapore government. This was announced at the annual Industry Briefing on Business Opportunities for Infocomm in the Public Sector held Thursday, where Infocomm Development Authority of Singapore (IDA) together with the Ministry...
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May 23, 2013 • By Ernie B. Calucag Singapore’s industrial output posted a surprise gain in April as electronics sector recorded its first year-on-year gain in the past 24 months. On a year-on-year basis, manufacturing output increased 4.7 per cent last month, reversing two consecutive months of contraction and surprised consensus estimates of a 1.6 per cent decline, the...
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May 23, 2013 • by Donavan Lim Singapore’s headline inflation recorded its lowest rate in more than years in April as government implemented tightening measures on purchases of cars and properties. The CPI-All Items inflation eased to 1.5 per cent in April from 3.5 per cent in March, the lowest since February 2010, according to a joint statement by...
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May 23, 2013 • Hiap Hoe (BUY; Target Price: S$0.79) Following the completion of its integrated project at Zhongshan Park at Balestier Road earlier this month, Hiap Hoe (HH) announced the valuation ascribed by Collier International for the commercial development, which was valued at S$702 million. The 4-star Ramada Singapore was valued at S$700,000 per key, while the 3-star...
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May 23, 2013 • Click Here to View Photo Gallery Spain has gained an international popular destination for gastronomy. Thanks to its restaurants and highly acclaimed chefs. In fact, Barcelona as a city is well-known for the trove of extraordinary, varied and high-quality gastronomy with 20 Michelin-starred eateries. This is like a food paradise where foodies have options...
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May 22, 2013 • Cedar Strategic to Acquire Chinese Property Developer for S$936.2 million Cedar Strategic Holdings Ltd announced Wednesday it will buy the entire issued share capital of Chinese property developer Hua Cheng Group for S$936.2 million, furthering the group’s ambitions to establish itself as a regional real estate player. Hua Cheng has completed over twelve property developments...
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May 22, 2013 • Bumi Armada Berhad (HOLD; Target Price: MYR3.74) Bumi Armada Berhad’s 1Q revenue jumped 46 per cent YoY to MYR489 million and net profit to shareholders increased by 22 per cent YoY to MYR110 million. The results were roughly in-line with ours and consensus’ estimates. Segment results were mixed. Although the FPSO, OSV and T&I segments...
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May 21, 2013 • Plastoform Exits SGX Watchlist Mainboard-listed Plastoform Holdings Limited said Tuesday it has been removed from the Singapore Exchange (SGX) watchlist after reporting its first full year pre-tax profit last year. The audio products manufacturer was relegated to the watchlist on 3 March 2010 after its performance was hit by the 2008 economic crisis and rising...
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May 21, 2013 • ComfortDelGro (HOLD; Target Price: S$1.95) ComfortDelGro announced that it will acquire a privately-held bus company, Driver Group Pty Ltd, for A$22 million. This acquisition will add five long-term, metropolitan bus routes in the Eastern suburbs of Melbourne to ComfortDelgro’s Australian operations in Victoria, and increase its fleet to 420 buses from 378. Assuming regulatory approval,...
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May 23, 2013 • Inaugural wins for ‘Best Employer’ award in Thailand, Indonesia and South Korea SINGAPORE, May 23 2013 /PRNewswire/ — DHL, the world’s leading logistics company, has been named ‘Best Employer’ in Asia Pacific for its Express division by Aon Hewitt, a global leader in human resource consulting and outsourcing solutions. Additionally, DHL Express received the...
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May 23, 2013 • BEIJING, May 23, 2013 /PRNewswire/ — The fifth Global Mobile Internet Conference (“GMIC”) was recently held at the China National Convention Center. For years, the GGS Mobile Game Summit, a core part of GMIC, has provided a communication platform and created business opportunities for mobile gaming professionals worldwide, significantly promoting the match-up between game developers...
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May 23, 2013 • Hong Kong bound potential issuers may list a Labuan company KUALA LUMPUR, Malaysia, May 23, 2013 /PRNewswire/ — Asia’s second largest stock exchange, the Hong Kong Stock Exchange (HKEx) now recognises Labuan IBFC as an acceptable jurisdiction for listing on its Exchange, both on the Main Board and Growth Enterprise Market (GEM). HKEx’s Listing Committee...
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May 23, 2013 • XIAMEN, China, May 23, 2013 /PRNewswire/ — China Xiniya Fashion Limited (“Xiniya” or the “Company”) (NYSE: XNY) announces that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2012 with the United States Securities and Exchange Commission (the “SEC”), which includes its audited financial statements. Pursuant to Section...
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May 23, 2013 • HONG KONG, May 23, 2013 /PRNewswire/ — Golden Wheel Tiandi Holdings Company Limited (“Golden Wheel Tiandi” or the “Company”, together with its subsidiaries, the “Group”) (Stock code: 1232.HK), a leading integrated property developer in China with a focus on developing projects that are physically connected to metro stations or other transportation hubs, is pleased to...
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May 23, 2013 • NEW YORK and SHANGHAI, May 23, 2013 /PRNewswire/ – Anomaly has announced today it will open an office in Shanghai to further extend the brand’s global footprint. (Photo: http://photos.prnewswire.com/prnh/20130523/NY19636 ) (Logo: http://photos.prnewswire.com/prnh/20120124/NY40208LOGO ) “We are thrilled to create a presence in Shanghai. As an agency, the market is a key engine for growth across virtually all...
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May 23, 2013 • – Chery+ Sports Journey Malaysia opens WUHU, China, May 23, 2013 /PRNewswire/ — Chery+ Culture Journey went through 2012 with Chery’s customers worldwide. This year, Chery will take Chery+ Sports Journey to release its energy through thrilling sports events and to provoke heated discussions among customers, thus making them resonate with the concept of “Wonderful...
