Latest SGX Listed Company News

Posted by admin on August 1, 2009 under Articles | Read the First Comment

SGX Listed Company News

WBL Corp: Growing With Change, Wearnes Leadership Team Appoints New Group Chief Financial Officer. – WBL Corporation Limited appointed Victoria Ko Miu Ha as its new Group Chief Financial Officer. She assumes responsibility for all corporate financial activities of Wearnes, including treasury, tax and information technology management. Ms Ko brings to Wearnes more than 25 years of commercial experience in Finance and Audit functions. Most recently, she served as Senior Executive Vice President, Group CFO and Company Secretary of The Straits Trading Company. She also held Finance and Audit positions at various international professional accounting firms previously…
Marco Polo Marine: Forges Collaboration With PT Rig Tenders Tbk To Penetrate The Offshore Oil And Gas Marine Segment. – Marco Polo Marine Ltd is pleased to announce that it had entered into a Joint Venture Agreement with PT Rig Tenders Tbk to enhance its presence in the Offshore Oil and Gas segment. While PTRT is a 80.54%-owned subsidiary of Scomi Marine Berhad, a company listed on the Malaysia Stock Exchange, it is itself listed on the Jakarta Stock Exchange. Engaging in the business of owning and operating marine vessels serving the logistic needs of the Coal and Oil and Gas segments, the major customers of PTRT include PT Adaro and PT Arutmin and oil majors such as Chevron, CNOOC and TOTAL…
CDL HTrust: Reports Gross Revenue Of S$42.8 Million For 1H2009. – CDL Hospitality Trusts achieved gross revenue of S$42.8 million in 1H 2009, a 25.6% decrease from the same period last year. Income available for distribution for 1H 2009 was S$35.5 million, 26.8% lower than the S$48.6 million in the same period last year. The income to be distributed per Stapled Security for 1H 2009 was 3.86 cents. Based on a market price of S$1.15 as at close of market on 29 July 2009, holders of CDLHT’s Stapled Securities would enjoy an annualised distribution yield of 6.8% for 1H 2009…
Stamford Land: Appointment Of The Hon. Mark Vaile As An Independent Director. – Stamford Land Corporation Ltd is pleased to announce the appointment of The Hon. Mark Vaile as an independent director with effect from 30 July 2009. Mr Vaile, an Australian was the former Deputy Prime Minister of Australia and resides in Sydney, New South Wales. Among his other directorships, Mr Vaile is also a Director of Virgin Blue and was in the property business prior to joining politics in 1993…
a-iTrust: Distribution Per Unit For First Quarter Of FY 2009/10 Grew 25% Year-on-Year. – Ascendas India Trust reported the results for the first quarter ended 30 June 2009 of the financial year 2009/10. a-iTrust’s portfolio demonstrated a resilient performance in 1Q FY2009/10 despite the global conditions remained difficult during the quarter. Total property income for the quarter was S$ 29.7 million, an increase of 4% from the corresponding quarter last year. Net property income was S$ 18.3 million or 15% higher. Cash generation remains strong, with distributable income for the quarter of S$ 15.7 million, registering a growth of 26% over the same period last year…
Stamford Land: Profit After Tax Down 25% Versus Q1 FY 08/09 But Hotel Segment’s Operating Profit Up 45% On Q4 FY 08/09. – Stamford Land’s profit after tax decreased by 25% due to global financial crisis which kicked in Q3 FY 08/09. Q1 FY 09/10 profit increased 45% to $5.5 million over Q4 FY 08/09 owing mainly to effects of cost saving. Q1 FY 09/10 is normally low winter season of the year in Australasia. Our hotels in Adelaide and Auckland continued to perform strongly. The low contribution / sales from The Stamford Residences Auckland was due to the ongoing recession in New Zealand. The refinancing of a A$100 million facility is progressing well…
Technics: 3Q FY2009 net profit surged 188% to S$2.16 million. – Technics Oil and Gas Limited announced an impressive set of results for the 3 months and 9 months ended 30 June 2009. In view of the strong financial performance, the Board of Directors proposed to distribute an interim dividend of 1.5 Singapore cents per share. The year-to-date dividend per share including the proposed interim dividend for the third quarter amounted to 2.75 Singapore cents. Total DPS for FY2008 was 2.0 Singapore cents…
Tri-M: Gets Independent Shareholder Nod For The Acquisition Of Kingworld And The Diversification Into Crude Oil Business. – Tri-M Technologies (S) Limited has announced that its independent shareholders at an Extraordinary General Meeting held unanimously voted for and approved the Group’s proposed acquisition of the entire issued share capital of Kingworld Resources Limited at a purchase consideration of S$110.0 million by using S$20.0 million cash and 112.5 million new shares at S$0.80 each, the conversion of the controlling shareholder loan by issuing 15.0 million new shares at S$0.80 each, and the diversification of Tri-M’s business into crude oil exploration and production…
Lion Asiapac: Proposed Joint Venture In Changshu Lion Enterprise Co., Ltd With Well Morning Limited. – Lion Asiapac Limited has entered into a joint venture contract with Well Morning Limited to co-invest in and operate Changshu Lion Enterprise Co., Ltd. Changshu Lion is a limited liability company which was incorporated in Changshu City, Jiangsu Province, PRC as a wholly-owned foreign enterprise to undertake real estate development. For the purposes of undertaking property development activities, Changshu Lion has acquired four pieces of land in Changshu City within the Changshu Southeast Economic Development Zone, with a total land area of 200,610 square metres…
Mercator: Reports A Net Profit Of USD 10 Million. – Mercator Lines (Singapore) Limited announced a net profit of US$ 10.02 million for its first quarter ended June 30, 2009 registering a decline of about 57% as compared to US$ 23.24 million for the corresponding period in FY09. The Group`s revenues for Q1FY2010 declined by 31% to US$ 35.5 million from US$ 51.7 million in Q1FY2009. This drop in revenues and net profit is largely due to the decline in spot market day rates and renewal of long term contracts at rates lower than the previous rates…
Asia Water: Chairman Statement on EGM Results. – On behalf of the board of directors, I thank shareholders for their show of support at the extraordinary general meeting held today. The majority voted against the resolutions called by EGN Nominees for the removal of four board directors. This outcome is a vote of confidence in the board’s leadership and what it has done to help the company through its financial distress. Shareholders also voted against aborting the proposed investment by SI Infrastructure to buy a majority stake in the company…
Hisaka: Secures Medical Equipment Contract Worth SGD7 Million. – Hisaka Holdings Ltd. is pleased to announce that the Group’s wholly owned subsidiary, Hisaka (Singapore) Pte Ltd has been awarded a contract worth S$7.0 million to supply and deliver medical equipment to a customer in Singapore. The contract has been put into effect since 24 June 2009 and will last for a period of three years till 23 June 2012. The contract will have a positive impact on the Group’s financials over the financial years ending September 30, 2009, 2010 and 2011…

SG Companies News

Bank lending stands at 7-month high in June – BANK lending rose in June to the highest level in seven months as growth in home loans accelerated even as lending to businesses continued to slow.
Great Eastern Q2 net profit rises to $97.7m – GREAT Eastern Holdings’ net profit rose to $97.7 million in the second quarter from $15.7 million a year earlier, as a rebound in equity and fixed-income markets boosted its insurance fund profits.
SIA may cut more capacity if needed – SINGAPORE Airlines Ltd (SIA), the world’s second-biggest carrier by market value, may consider further capacity cuts after saying that it may have its first annual loss in 24 years.
Fewer tourists, H1N1 take toll on CDLHT in Q2 – CDL Hospitality Trusts (CDLHT) has posted a 36.8 per cent year-on-year fall in its second-quarter distributable income to $15.8 million, dragged down by lower tourist arrivals and the impact of the H1N1 outbreak.
CapitaLand shares slip 4.3% on news of bond issue – CAPITALAND’S share price closed 4.3 per cent lower yesterday after the property group announced its $1.1 billion seven-year convertible bond (CB) issue due in 2016.
Top Thai broker Kim Eng’s Q2 net profit jumps 35% – KIM Eng Securities, Thailand’s largest broker, reported a 35 per cent rise in second-quarter earnings yesterday, thanks to a jump in average daily trading volume, slightly above market expectations.
No minority support for Kingboard Copper exit offer – SMALL shareholders say that an exit offer for Kingboard Copper Foil is too low and doesn’t value the company fairly, according to two people who attended what was described as a ‘hostile and emotional’ shareholders’ meeting yesterday.
SMRT Q1 net rises 19.6% – BOLSTERED by higher operating profits, SMRT Corp posted a 19.6 per cent year-on-year jump in net profit to $48.2 million for the first quarter of FY2010 ended June 30, 2009.
SingTel’s Optus launches 2b euro note programme – SINGAPORE Telecommunications yesterday said that wholly owned Optus Finance Pty has set up a two billion euro (S$4.1 billion) medium-term note programme.