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New Source of sand for Construction Company
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ongjeremiah
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03-Apr-2007 23:50
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I thought I wanted to share my opinion before we get too carried away on the "buying on news" syndrome. If you looked at prices before the sand ban was announced previously, we are at very similar levels for the spread of the construction firms, and in fact, at higher prices now. However, with the possible supply of sand from myanmar, how has this improved the financial fundamentals of the construction firms before the ban, to justify us paying greater and greater premiums for the shares, all else equal? For speculators, I thought pls speculate with caution. Good luck |
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punter2006
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03-Apr-2007 23:34
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Myanmar says it could supply sand to Singapore SINGAPORE : Myanmar has suggested to Singapore that it could be a long-term supplier of sand, cement, granite and other construction materials. This comment came from the State Peace and Development Council's Lieutenant-General Thein Sein. He made this suggestion to Foreign Minister George Yeo when the two met in Nay Pyi Taw on Tuesday. Singapore has been looking for alternative sources of sand after Indonesia imposed a ban on land sand in February. For a start, the government has released sand from its stockpile to ease supply concerns in the local construction industry. It is also urging the construction sector to make the switch to sustainable construction methods using alternative materials in the longer term. Singapore has also managed to acquire sand supplies from Malaysia, Vietnam and China, and it now appears that Myanmar will join the list. General Thein Sein also encouraged more Singapore companies to invest in his country. During their discussion, the General briefed Mr Yeo on the domestic developments in Myanmar, outlining the national reconciliation and economic development efforts. The two leaders also talked about bilateral relations, reaffirming the longstanding ties between the two countries. Both men also exchanged views on closer bilateral economic exchanges, particularly in the area of trade and investment. - CNA/ms |
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