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| 27-Mar-2008 01:39 |
Pacific Century
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take over in pccw news
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McDonald's tries home delivery to push China sales Mon Feb 25, 2008 1:56am EST www.reuters.com "For so many years, customers called into our stores to order food for delivery, but our staff were so busy and could only meet the needs of those within walking distance of five minutes," Li said. He said the company had spent a year preparing for home delivery in Shanghai, but gave no forecast for how much the service would contribute to sales. Unlike Yum, which in China has its own delivery units, McDonald's chose to outsource the operation. Hong Kong fixed-line telecoms carrier PCCW Ltd (0008.HK: Quote, Profile, Research) has set up a call centre with mapping systems, while delivery is handled by two local firms with riders wearing red uniforms and hats emblazoned with the golden arches. |
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| 24-Mar-2008 22:57 |
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AP Home Sales Rose, Prices Fell in February Monday March 24, 10:44 am ET By Martin Crutsinger, AP Economics Writer Home Sales Rise Unexpectedly but Prices Keep Tumbling http://biz.yahoo.com/ap/080324/economy.html?.v=18 |
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| 24-Mar-2008 00:40 |
Pacific Century
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take over in pccw news
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PE (TTM) : 2.63 Acc/Dis : +55,464,007 ( Moving North ^ ) MACD: +0.005 (Company's primary holdings : PCCW) PCCW Global and China Network Communications partner to provide Olympic solutions to Television Broadcasts Limited HONG KONG, March 12, 2008 - PCCW subsidiary PCCW Global and China Network Communications ("CNC"), the official partner of the Beijing 2008 Olympic Games, have joined hands to facilitate high definition broadcast of the Games by Television Broadcasts Limited ("TVB"), Hong Kong's largest terrestrial television company. A strategic agreement signed today in Hong Kong enables the provision of high-definition multi-media solutions for TVB's transmission of live programming from Beijing to Hong Kong and vice versa. PCCW Global and CNC will jointly provide an end-to-end connectivity solution, including fiber and satellite transmission, high-definition video transmission equipment at both ends and 24x7 on-site support service in Hong Kong to ensure a secure video transmission for TVB to deliver high and standard definition television broadcast during the Olympic Games. CNC Senior Vice President Zhao Jidong said: "We are glad to provide the connectivity solution to TVB. With the joint expertise and experience we hold along with PCCW Global, we are confident of ensuring smooth and reliable delivery of the solution for TVB, and we are pleased to add TVB to the list of media companies all over the world connecting through our platform to the Beijing 2008 Olympic Games." PCCW Global Chief Executive Officer Marc Halbfinger said: "PCCW Global is honored to partner with CNC to provide high-definition multi-media solutions to the broadcasters for the Beijing 2008 Olympic Games. We will be using the most advanced and proven technology available to provide this unique end-to-end solution for transmitting high quality multi-media content on our resilient network." TVB General Manager - Broadcasting Cheong Shin Keong said: "As the largest free to air television station in Hong Kong, we are committed to providing high-quality television programs to our audience. With the all-round multi-media solutions and service support from two leading telecommunication providers, we will be able to broadcast high-quality Olympic programs with the most advanced technology to extend the enjoyment level of the games to all audience in Hong Kong." Since early 2007 PCCW Global and CNC have been working closely to provide Beijing 2008 Olympic Games solutions. In May 2007, PCCW Global became CNC's fixed-line communications partner in providing a live broadcasting platform for Hong Kong Olympic Equestrian Games. In September 2007, a successful connectivity trial was completed for the "Good Luck Beijing - HKSAR 10th Anniversary Cup" equestrian event held in Hong Kong as a rehearsal for the Beijing 2008 Olympic Games. About China Network Communications CNC is a state-owned, leading broadband communications and fixed-line telecommunications operator in China. As the official partner of Beijing 2008 Olympic Games, CNC is endeavoring to prepare for Olympic Games and making it worthy of "Broadband Olympics". In Beijing 2008 Olympic Games, the innovative services are deployed: the ASON technology based optical transmission network is debuted for high quality, more reliable video transmission and leased-line services; High-definition broadcasting signals are modulated by the first used long-distance and non-compression technology and delivered to the countries to meet their critical requirements of High-definition and low-latency video. The Olympic broadband IC-card is in first time used to surf internet for media customers. CNC provides the Olympic Games the IC-inserted service, enabling the media customers to enjoy high-speed internet without the tangle of configuration in password and account; IPv6 surveillance systems are in first time used in Olympic venues, Olympic Technical Operation Center and other important spots for real-time monitoring purposes. For other information concerning CNC, please visit our website www.cnc.cn. About PCCW Limited PCCW Limited (SEHK:0008) is the premier telecommunications provider in Hong Kong and a world-class player in Information and Communications Technologies. As the provider of Hong Kong's first quadruple-play experience, PCCW offers a range of innovative media content and services across four platforms - fixed-line, broadband Internet access, TV and mobile. In addition, the Company meets the sophisticated needs of the international business community, while supporting network operators with cutting-edge technical services and handling large-scale IT outsourcing projects for public and private sector organizations. To learn more about PCCW, please go to www.pccw.com. About PCCW Global PCCW Global is a provider of integrated global communications solutions and a wholly-owned operating division of PCCW Limited, the premier telecommunications provider in Hong Kong and a world-class player in Information and Communications Technologies. With centers in Hong Kong, Herndon, Virginia in the US and London in the UK, plus teams covering the Middle East, Africa, Europe, Asia and the Americas, PCCW Global serves the voice and data needs of multinational enterprises, as well as the operational requirements of service providers. Reaching 800 cities in 70 countries, the PCCW Global network supports a portfolio of integrated global communications solutions that include fiber and satellite transmission and International Private Leased Circuits, IP transit, MPLS-VPN, ATM/frame relay and IP telephony, plus capabilities such as hosted PBX solutions. To learn more about PCCW Global, please go to www.pccwglobal.com. For more information, please contact: Ivan Ho Corporate Communications, PCCW Limited Tel: +852 2883 8747 Email: ivan.wy.ho@pccw.com http://www.pccw.com/NASApp/cs/ContentServer?pagename=PCCW/COMMON/newspopup&pageid=1205285197395&pagelang=eng |
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| 21-Mar-2008 00:59 |
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Slowdown could have been avoided A well-respected economist says the U.S. is now in a recession...and that Congress and the Federal Reserve could have stopped it. By Chris Isidore, CNNMoney.com senior writer Last Updated: March 20, 2008: 12:39 PM EDT http://money.cnn.com/2008/03/20/news/economy/recession_forecast/index.htm?postversion=2008032012 |
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| 19-Mar-2008 22:17 |
RH PetroGas
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Tri-M^
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Tri-M Technologies Ltd. Announces Proposed Issue Of Up To 40,000,000 New Ordinary SharesMon Mar 17 08:48:00 EDT 2008 Tri-M Technologies Ltd. announced that it has entered into a placement agreement dated March 17, 2008 with HL Bank (the Placement Agent) and Surreyville Pte Ltd (the Scrip Lender). Under the terms of the placement agreement, the Company will place up to 40,000,000 new Shares (the New Shares) with the Placement Agent at the price of SGD0.109 (the Offer Price) for each New Share. http://stocks.us.reuters.com/stocks/keyDevelopments.asp?symbol=TRIM.SI |
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| 19-Mar-2008 00:32 |
Pacific Century
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Primary holding PCCW ( profit US$193mln +20% )
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http://www.pccw.com/NASApp/cs/BlobServer/20080306_presentation_chi.pdf?blobtable=FinancialUpload&blobcol=urlfile&blobkey=id&blobwhere=1204765549796&blobheader=application/octet-stream&wtsection=investors http://www.ddw.ca/showroom/pcg/main1.html |
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| 10-Mar-2008 00:01 |
First Resources
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First Resources
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RESPONSE TO AN ANNOUNCEMENT BY THE CORRUPTION ERADICATION COMMISSION OF INDONESIA IN THE RIAUPOS AND MEDIA INDONESIA NEWSPAPERS ON 6 MARCH 2008 Martias and the KPK subsequently appealed to the Corruption Supreme Court at the Supreme Court of Jakarta (the ?Supreme Court?). On 11 December 2007, the Supreme Court ruled that the financial penalty previously imposed on Martias was insufficient and ordered Martias to pay a penalty of approximately US$38.3 million. None of the Company or its subsidiaries were a party to the legal proceedings, nor did the Supreme Court rule that the Company or its subsidiaries were liable for such penalties imposed on Martias.............. The Company has consulted with its Indonesian legal advisors on actions to publish counter announcements clarifying that the Land are not the assets of Martias, and to seek clarifications from the KPK on the announcements, and furthermore to challenge any attempts to infringe upon its rights in relation to the Land in the courts of Indonesia. The Company continues to have full operational accessibility to the Land and hold the original HGU certificates to this Land. http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_DC53AFCD4246E0E048257407003899D0/$file/First_Resources_SGX_Announcement_9Mar08.pdf?openelement |
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| 06-Mar-2008 00:31 |
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AP No Production Boost From OPEC Wednesday March 5, 11:10 am ET By William J. Kole, Associated Press Writer OPEC to Maintain Current Production; Blames US for Economic 'Mismanagement' VIENNA, Austria (AP) -- OPEC said Wednesday it will not put more oil on the global market despite near record-high prices for crude, blaming the U.S. for economic "mismanagement" it said was having a worldwide effect.............. OPEC President Chakib Khelil told reporters the global market is being affected by what he called "the mismanagement of the U.S. economy," and that America's problems were a key factor in the cartel's decision to hold off on any action........ "In truth, OPEC's decision not to pump more oil is a reflection that supply is relatively good," said Anthony Sabino, a professor of business at St. John's University in New York. "What is driving oil prices up to the stratospheric level of over $100 per barrel is the U.S. economy, now undeniably in recession," he said. "It's not so much the price of oil is going up -- it's that the value of the U.S. dollar, sad to say, is slumping." Oil shot up a dramatic 19 percent last month as the falling dollar prompted speculators and other investors to shift cash to crude and other commodities as a hedge.... http://biz.yahoo.com/ap/080305/opec_meeting.html |
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| 03-Mar-2008 05:34 |
Straits Trading
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Proposed Vol Conditional Cash Offer by Cairns
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Published March 3, 2008 Lees withdraw offer for Straits Trading They are accepting Tan family's $6.70 a share offer, citing volatile market conditions (SINGAPORE) The protracted battle for The Straits Trading Company (STC) has come to an abrupt end with OCBC Bank's founding Lee family suddenly withdrawing its offer for the mainboard company and accepting the $6.70 per share competing offer from the Tan family's The Cairns. In an announcement released yesterday, the Lee family vehicle Knowledge Two Investment Pte Ltd said that it was 'withdrawing its offer with immediate effect' and citing 'volatile market conditions' among other things. 'Any acceptances of the offer prior to or after the date of this announcement will be deemed not to have been made,' it added. In its reasons for the withdrawal, Knowledge Two Investment noted that in response to its offers of $5.76 and $6.55 per share on January 24 and February 14 respectively, The Cairns had increased its offer price by $1 per share or 17.5 per cent from its original offer price of $5.70 per share. 'This has increased total STC shareholder value by approximately $326 million,' the statement added. 'Taking into account the foregoing as well as the current volatile market conditions, the offeror and the Lee family companies holding in aggregate approximately 7.1 per cent of the total number of issued shares, have decided to realise their investments in STC and accept the Cairns offer at $6.70 per share.' This effectively ends a battle which saw two of Singapore's most famous corporate families - the Lees and the Tans, which have been linked for decades through OCBC Bank - on opposite sides in a contest for one of Singapore's oldest listed companies...... By VEN SREENIVASAN (The Business Times) |
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| 03-Mar-2008 05:31 |
Sakari
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Straits Asia
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Sorry! posted to wrong stock. |
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| 03-Mar-2008 05:24 |
Sakari
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Straits Asia
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Published March 3, 2008 Lees withdraw offer for Straits Trading They are accepting Tan family's $6.70 a share offer, citing volatile market conditions (SINGAPORE) The protracted battle for The Straits Trading Company (STC) has come to an abrupt end with OCBC Bank's founding Lee family suddenly withdrawing its offer for the mainboard company and accepting the $6.70 per share competing offer from the Tan family's The Cairns. In an announcement released yesterday, the Lee family vehicle Knowledge Two Investment Pte Ltd said that it was 'withdrawing its offer with immediate effect' and citing 'volatile market conditions' among other things. 'Any acceptances of the offer prior to or after the date of this announcement will be deemed not to have been made,' it added. In its reasons for the withdrawal, Knowledge Two Investment noted that in response to its offers of $5.76 and $6.55 per share on January 24 and February 14 respectively, The Cairns had increased its offer price by $1 per share or 17.5 per cent from its original offer price of $5.70 per share. 'This has increased total STC shareholder value by approximately $326 million,' the statement added. 'Taking into account the foregoing as well as the current volatile market conditions, the offeror and the Lee family companies holding in aggregate approximately 7.1 per cent of the total number of issued shares, have decided to realise their investments in STC and accept the Cairns offer at $6.70 per share.' This effectively ends a battle which saw two of Singapore's most famous corporate families - the Lees and the Tans, which have been linked for decades through OCBC Bank - on opposite sides in a contest for one of Singapore's oldest listed companies...... By VEN SREENIVASAN (The Business Times) |
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| 27-Feb-2008 23:36 |
Aqua-Terra
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Marine stocks
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Philips TP 0.85 OCBC TP 0.70 Business segment 2007 2006 Revenue S$'000 S$'000 Oil & Gas 126,203 74,617 Marine 95,435 74,382 Mining & General Hardware 9,772 6,508 Total 231,410 155,507 ATS Group 31.12.2007 31.12.2006 % Change S$'000 S$'000 Revenue - First Half Year 87,465 67,400 +30% Revenue - Second Half Year 143,945 88,107 +63% Revenue - Total 231,410 155,507 +49% Profit after tax before minority interest - First half Year 4,993 2,712 +84% Profit after tax before minorityinterest - Second Half Year 7,399 5,274 +40% Profit after tax - Total 12,392 7,986 +55% Commenting on the outlook for Aqua-Terra in FY2008: ?The increased oil exploration and production activities that we are witnessing across Asia will create new opportunities for us,? said Mr.Kris Wiluan, Chairman and CEO, ?and with our order book exceeding $100 million as at the end of January 2008, we are optimistic of Aqua-Terra?s ability to achieve better results in FY2008.? |
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| 12-Nov-2007 14:49 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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Singapore shares fall on Wall St, banks lead losses DBS XD $19.800 -$0.700 -3.4% $202,888K FIN Capitaland $7.100 -$0.300 -4.1% $102,851K PROP SGX $13.500 -$0.800 -5.6% $86,642K FIN UOB $19.600 -$0.500 -2.5% $80,992K FIN SingTel $3.780 -$0.080 -2.1% $73,056K TSC Kep Corp $13.300 -$0.400 -2.9% $72,728K Multi OCBC Bk $8.500 -$0.150 -1.7% $69,471K FIN |
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| 12-Nov-2007 14:27 |
Aqua-Terra
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Marine stocks
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Key factors: (e.g. China & Middle East), High oil prices resulting in more demand in the rig building market, and Singapore's fragmented market as 75% of ATS's revenue comes from Singapore. Oil and gas and marine sectors are still robust, but with high oil prices, most energy-linked stocks have become pricey. Hence, offshore engineering companies ? those that are involved in the manufacturing and distribution of oil and gas equipment and products, and are playing an equally crucial and profitable role in this booming oil and gas market. |
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| 05-Nov-2007 23:57 |
Aqua-Terra
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Marine stocks
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ATS latest S$0.85 fair value implies upside of 75.25% from last done price of S$0.485 (5 Nov). Phillip Securities Research (update: 5 Nov 07) Upgrade to BUY, with fair value estimate of $0.85. We value ATS at $0.85, based on 15x FY08 PER. We have adjusted our PE peg up from 11x to account current boom in the oil and gas industry, of which we view ATS to be a direct beneficiary. We also believe ATS deserves a higher valuation than before, due to the vast improvements in product offering, and extended geographical reach. Upgrade to BUY, with fair value estimate of $0.85. Going by our estimates, current net order book based on announced contracts, with fulfillments stretching into FY09, are close to S$130 mil. Current Orderbook (Announced) Date Contract details Customer Contract value Fulfillment 17-Aug-06 Marine equipment and CNOOC Oil Base Group Ltd US$14 mil (S$30 mil) 1H08 system for 3 supply vessels 29-Jan-07 Procurement and project CNOOC Oil Base Group Ltd S$68 mil 2008 / 2009 management for 6,500 dwt Bunkering Oil Tankers, 300-man Accomodation / Work Barge, 55m Offshore Utility Vessel 8-Aug-07 Supply pre-fabricated chord and Unnamed Chinese Shipyard S$30 mil 1H09 rack and other rig components for the construction of a 350-foot jack-up rig .............................. |
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| 01-Nov-2007 07:49 |
Aqua-Terra
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Watch Out for Aqua these few weeks
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Federal Reserve cut US interest rates by a quarter-percentage point + Oil surges to record US$95 + Dragon Fly Doji "T"...... ATS, an integrated service provider and procurement specialist in the oil and gas equipment On November 3, 2006, Aqua-Terra has acquired a 28.4% interest in SSH Corporation Ltd, the Group?s share of profit from an associated company, SSH Corporation Ltd, amounted to $1.7million in 1H 2007 Aqua-Terra 1H 2007: Profit +84.1% (NAV $0.249 ) (31Oct, Last done price $0.505) http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_F8CE0B88D20FC57D482573370005C769/$file/Aqua_Terra_1HFY2007.pdf?openelement SSH P&L For The 13 Months Ended 30 June 2007: Profit +74% (NAV $0.157 cents) (31Oct, Last done price $0.410) http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_8E79FE3CAABBC23648257337000AB16A/$file/FP2007.13Mths.Announcement.pdf?openelement |
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| 01-Nov-2007 03:03 |
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WASHINGTON (AP) -- The Federal Reserve, confronted with surging oil prices and a slumping housing market, cut a key interest rate by a quarter-point on Wednesday, the second rate reduction this year. Now DOW @ 13932.78 +140.31 or +1.02% Nasdaq @ 2857.24 +40.53 or +1.44% http://www.nasdaq.com/?selected=DJIA |
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| 30-Oct-2007 23:45 |
Aqua-Terra
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Watch Out for Aqua these few weeks
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By Serene Lim (OCBC Investment Research) Fri, 5 Oct 2007, 10:32:56 SGT Summary: Macro fundamentals for the oil and gas and marine sectors are still robust. In view of this, shipbuilding, shiprepair and offshore marine companies here have seen overwhelming follow-through orders. While stock prices for this sector have become increasingly pricey, we believe that the growth factors for the offshore engineering companies ? those that are involved in the manufacturing and distribution of oil and gas equipment and products ? are still strong and these companies are playing an equally crucial and profitable role in this booming oil and gas market. Aqua-Terra Supply (ATS), an integrated service provider and procurement specialist in the oil and gas equipment, is one such example. We like its growing presence in China which we believe will offer the next leg of growth for the group, with contribution expected from FY08. ATS is currently trading at consensus of 16x FY07 PER. Using this PER, we derive a fair value of S$0.70 using FY07/08F blended earnings, and this represents a potential upside of about 41%. Maintain BUY. A player in the booming oil and gas industry. Macro fundamentals for the oil and gas and marine sectors are still robust, but with high oil prices, most energy-linked stocks have become pricey. Hence, we shift our focus to offshore engineering companies ? those that are involved in the manufacturing and distribution of oil and gas equipment and products, and are playing an equally crucial and profitable role in this booming oil and gas market. Aqua-Terra Supply (ATS), an integrated service provider and procurement specialist in the oil and gas equipment, is one such example. China rig market ? future revenue driver. In Jan 07, ATS secured its maiden sizeable project of S$68m from China National Offshore Oil Corp (CNOOC) Oil Base Group Ltd to provide integrated procurement and management services for the construction of Bunkering Oil Tankers and Offshore Utility Vessels. Just last month, ATS clinched yet another S$30m contract to supply pre-fabricated chord and rack and other rig components for the construction of a jack-up rig. Singapore accounts for about 75% of ATS?s revenue. Owing to strong demand from Singapore yards, order books of these yards should stretch till 2010-11. This will, in turn, fuel demand for engineering services provider like ATS, providing them with good earnings visibility. However, growth in Singapore market share is limited and we favour the move to penetrate the growing Chinese market. China contributions from FY08. A project typically takes 18-24 months to complete, and we expect these Chinese projects to contribute S$49m to its toplines in both FY08 and FY09. We believe that these projects are merely the tip of the ice-berg, and ATS should be leaving more footprints in the Chinese rig market. We are optimistic of the potential upside from China, and foresee revenue contributions from China growing from 8% currently to 20%. |
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| 25-Oct-2007 08:02 |
Straits Times Index
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STI
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Home Sales Plunge by 8 Percent Wednesday October 24, 6:24 pm ET By Martin Crutsinger, AP Economics Writer Sales of Existing Homes Fall by Largest Amount on Record in September The National Association of Realtors reported Wednesday that sales of existing homes fell 8 percent in September. It was the largest decline to show up in records dating to 1999. The seasonally adjusted annual sales rate of 5.04 million existing homes was the slowest pace on record. http://biz.yahoo.com/ap/071024/economy.html?.v=21 |
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| 24-Oct-2007 00:42 |
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"Housing is obviously still a big concern, and the question is how much does it spill over into the rest of the economy," said Alexander Paris, economist and market analyst for Chicago-based Barrington Research. "I think the trend for the market is down unless investors see something positive, and the market drifts back up again." He said investors were also adjusting their positions ahead of key housing data this week. On Thursday, the National Association of Realtors will release its existing home sales report, while the Commerce Department reports new home sales a day later. http://biz.yahoo.com/ap/071023/wall_street.html?.v=35 |
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