SGX Listed Companies News

Posted by admin on August 6, 2009 under Articles | 2 Comments to Read

Singapore Listed Company News

Parkway Life REIT: To Receive Islamic Financing From The Islamic Bank Of Asia. – Parkway Life Real Estate Investment Trust has been offered an Islamic revolving credit financing facility by The Islamic Bank of Asia. This makes PLife REIT the first Singapore-listed entity being offered a Shariah-compliant revolving credit facility. PLife REIT’s revolving credit facility uses the Commodity Murabaha structure, one of the most common structures used in Islamic financing. It satisfies the Shariah requirement of having an underlying asset to facilitate the creation of debt through a trade contract. The revolving credit financing facility will be for an amount of SGD 50 million over a period of three years…

Parkway Life REIT: Gross Revenue Jumps 33.1% To S$32.4 Million For 1H 2009. – Parkway Life Real Estate Investment Trust is pleased to announce a strong set of figures for the second quarter and first six months ended 30 June 2009. PLife REIT registered gross revenue of S$16.1 million and net property income of S$15.0 million for 2Q 2009, an increase of 28.9% and 27.9% respectively over the previous corresponding period, primarily due to higher revenue contribution from its Japan properties amounting to S$3.5 million for 2Q 2009 compared to $0.5 million for 2Q 2008…

AusGroup: Restructuring Of Modern Access Group Of Companies. – AusGroup Limited announced that its Australian subsidiary, Modern Access Services Pty Ltd has restructured its overseas holdings into a more efficient structure post integration into the AGL group of companies. Upon the completion of the restructuring all of the South-East Asian operations of the Modern Access group of companies are held directly by AusGroup Limited…

Hyflux: Reports Positive Earnings Growth Momentum In 2Q FY09. – Hyflux Ltd’s profit after tax and minority interests for the second quarter in 2009 increased by 15% to S$25.9 million, bringing its first half PATMI to a record of S$31.0 million. In addition to sequential quarterly growth, this represents a 10% year-on-year growth over the corresponding period in 1HFY08. The better performance was due to the progressive completion of higher-valued projects, especially from the MENA market, with continued active project execution driving improved gross profit margins…

Yanlord: Sells Over 99% Of Apartment Units At Inaugural Launch of Tianjin Yanlord Riverside Plaza Phase 1, Contracted Pre-Sales Of RMB 667 Million Recorded For 248 Units Sold. – Yanlord Land Group Limited announced that it had sold 99.2% or 248 of the 250 apartment units during the first three days of the inaugural launch of Tianjin Yanlord Riverside Plaza Phase 1. Average selling price of approximately RMB15,950 per square metre was achieved for the 41,800 sqm gross floor area sold. Total contracted pre-sales for the first three days amounted to RMB667 million…

China Oilfield: Proposed Capital Investment For The Industrial Production Of Submersible Linear Oil Pumping Units. – China Oilfield Technology Services Group Limited is pleased to announce that the Company is proposing a capital investment of approximately RMB 457.2 million for the industrial production of submersible linear oil pumping units. The Proposed Investment is to be located in Daqing, where there are over 40,000 oil production wells that may require oil production pumping units which are technologically-advanced and results in energy saving. Under the motor system energy saving policy issued by the PRC government, the Proposed Investment is one of the key projects that are supported by the PRC government…

Excelpoint: Announces 2Q09 Results, Registers Revenue Of US$84.1 Million In 2Q09. – Excelpoint Technology Limited announced its financial results for the second quarter ended 30 June 2009. The Group ended 2Q09 with revenue of US$84.1 million compared with US$115.5 million in 2Q08. Revenue for the six months ended 30 June 2009 was US$156.8 million, compared with US$240.0 million for the same period of 2008. The decline in revenue was a result of an increasingly challenging business environment from the global economic slowdown…

China Paper: Reports Stronger Sequential Net Profit Of RMB 24.8 Million For Second Quarter. – China Paper Holdings Limited announced its financial results for the 6 months ended 30 June 2009. Sequentially, net profit improved RMB1.3 million from RMB23.5 million for the 3 months ended 31 March 2009 to RMB24.8 million for the 3 months ended 30 June 2009. In tandem, net profit margin also increased by 1.6 percentage points from 10.9% in 1QFY09 to 12.5% in 2QFY09…

KSH Holdings: Reports 17% Rise In Net Profit To S$2.7 Million For 1QFY2010. – KSH Holdings Limited announced a 17% rise in net profit to S$2.7 million for the three months period ended June 30, 2009. This was despite a 30% decline in revenue to S$58.7 million in 1QFY2010 from S$84.3 million in 1QFY2009. The revenue decline was mainly due to the completion of four construction projects, which more than offset the increase in revenue from ongoing projects during the period under review…

CAO: BP China President Appointed As Director. – China Aviation Oil (Singapore) Corporation Ltd wishes to announce that Mr Chen Liming is appointed as a the Non-Executive Director of CAO. He replaces Mr Michael Bennetts as a BP nominee director of CAO. Mr Chen is also appointed as a member of the Remuneration Committee and the Nominating Committee in place of Mr Bennetts, who has stepped down following his resignation from BP to pursue personal interests. Mr Chen is the President of BP China and also serves as Chairman of BP (China) Holdings Limited…

StarHub: Reports 2009 Second Quarter And Half Year Results. – StarHub’s operating revenue was stable at S$532 million compared to S$531 million in 2Q2008. For the half year, it stood at S$1.06 billion. The Group’s EBITDA for the quarter rose 10% to S$161 million and for the half year, increased 5% to S$329 million. EBITDA margin as a percentage of service revenue was 31.5% for the quarter and at half time, it registered 32.2%. For the quarter, profit from operations was 13% higher year-on-year at S$101 million. Net profit after tax increased 21% to S$78 million…

CAO: Records Higher Profits Quarter-On-Quarter. – China Aviation Oil (Singapore) Corporation Ltd announced its unaudited results for the second quarter ended 30 June 2009. CAO posted net profit attributable to shareholders of US$11.8 million for 2Q 2009, a significant increase of 188% as compared to 1Q 2009. This is mainly attributable to the turnaround in the performance of CAO’s associated company and key profit contributor, Shanghai Pudong International Airport Aviation Fuel Supply Co., Ltd…

SG Companies News

SGX posts marginal rise in Q4 net profit to $91.2m – SINGAPORE Exchange (SGX) posted a marginal net profit growth in its fourth quarter to June 30, exceeding analysts’ expectations.

StarHub lifts Q2 earnings 21% to $77m – THE ceasefire following last year’s all-out marketing war, coupled with higher sales from its mobile and fixed network businesses, helped lift StarHub’s second-quarter net income 21.1 per cent to $77.8 million.

Impairment loss puts OUE in the red – OVERSEAS Union Enterprises (OUE) yesterday posted a net loss of $47.8 million for the second quarter, which compares to a year-ago net profit of $12.1 million.
Rotary Engineering Q2 gain up 11% to $13m – ROTARY Engineering, whose stock has soared in recent weeks after the company unveiled some $1.1 billion worth of new projects, yesterday unveiled an 11 per cent rise in April-June second quarter earnings to $13 million.

UOB starts yuan service like rivals – UNITED Overseas Bank (UOB) has officially launched the Chinese yuan cross-border trade settlement and account service in Singapore and Malaysia, and will also do so in Hong Kong, following similar moves by rivals OCBC Bank and DBS Bank.

Yangzijiang Q2 profit surges 80% – CITING higher productivity from a new yard, Yangzijiang Shipbuilding yesterday announced an 80 per cent year-on-year surge in second-quarter net profit to 607.4 million yuan (S$127.5 million). This resulted in its first-half earnings rising 54 per cent to a record 1.09 billion yuan.

CAOS Q2 net profit down by 36.9% – THE global economic downturn, compounded by the H1N1 virus which has hit air travel, saw China Aviation Oil Singapore (CAOS) reporting a 36.9 per cent fall in second-quarter net profit to US$11.8 million from US$18.8 million in Q2 last year.

Boustead clinches $15m Charles & Keith deal – BOUSTEAD Singapore has clinched a $15 million contract to design-and-build a new headquarters building for Charles & Keith Holdings Pte Ltd at the Paya Lebar iPark. This latest project, through 91.7 per cent subsidiary Boustead Projects Pte Ltd, raises Boustead’s order book to some $525 million.

Sunpower shines with Q2 profit – SUNPOWER Group, a China-based heat transfer technology specialist, yesterday reported a 20.59 per cent rise in net earnings to 17.4 million yuan (S$3.65 million) for the second quarter ended June 30.

Company Briefs – LOGISTICS player CWT Ltd saw net profit rise 27 per cent to $8.7 million in the second quarter ended June 2009, as revenue rose 3 per cent to $146.9 million.

L&M to resume trading on Aug 17 – SHIPPING coal for Indonesia’s biggest coal producer from Kalimantan to power stations in Java, sand from Vietnam to Singapore and landfill from Fujairah to Qatar’s Pearl island – this will now be the core businesses of former construction play L&M Group which expects to resume trading here on Aug 17 as Seroja Investments (SI).

Baker Tech Q2 net profit rises 59% to $5.4m – HELPED by a sharp rise in gross margins, Baker Technology yesterday reported a 59 per cent jump in second-quarter net profit to $5.4 million, from $3.4 million a year ago.

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