Resorts World Berhad
Resorts World has fallen from investors' radar since the drastic market drop on March 10. The share price currently hovers around RM3.40. A bank-backed brokerage suggested in a recent report that parent Genting Bhd should privatise it or Resorts should make a capital repayment, given its large coffers. At some point, it said, Genting was likely to privatise Resorts to leverage on the latter's strong balance sheet and achieve the group's ambition to expand its casino franchise.
Success Transformers Corp Bhd
SHARES of Success Transformers Corp Bhd have surged in recent weeks after it completed the purchase of the remaining 40% in Seremban Engineering Sdn Bhd (SESB).
In just two weeks, the share price appreciated by close to 11%.
The consolidation of SESB comes with a profit guarantee of RM7.5mil and RM9.0mil for financial years (FY) ending Dec 31, 2008 and 2009, respectively.
OSK expected this to boost Success' net earnings by 12.1% and 17.7% for FY08 and FY09.
Tan Chong Motor
The franchise holder of Nissan cars in Malaysia is expected to announce better earnings when it releases its results end of this month.
The anticipated stronger performance is fuelled by positive response to its new models, Latio and Grand Livina.
According to a local brokerage, Tan Chong has received about 11,000 bookings for Grand Livina since its launch in December.
Additionally, its Serendah plant, which was completed last year, would allow the carmaker to produce more cars. Tan Chong is expected to introduce a new model, Sylphy, in June, which will compete against Honda Civic and Toyota Altis.
Source
Monday, May 12, 2008
新加坡股市收盘走高；短期或存在下行倾向
新加坡股市周一收盘走高，受部分权重股反弹以及大宗商品类股走强提振。
但交易员们称，受原油价格上涨推动，股市仍有下行倾向。
新加坡海峡时报指数收盘涨18.13点，至3180.16点，涨幅0.6%；盘中低点为3147.82点。
股指30只成份股中有17只走高。
大盘共有299只股票上涨，270只股票下跌。
成交量仍然低迷，共有11亿股股票成交。
上周五的成交量约为14亿股。
尽管股指周一表现强劲，但CIMB称，股市可能在短期面临下行风险，因为有关油价引发通货膨胀的担忧仍在困扰投资者。
但交易员们称，受原油价格上涨推动，股市仍有下行倾向。
新加坡海峡时报指数收盘涨18.13点，至3180.16点，涨幅0.6%；盘中低点为3147.82点。
股指30只成份股中有17只走高。
大盘共有299只股票上涨，270只股票下跌。
成交量仍然低迷，共有11亿股股票成交。
上周五的成交量约为14亿股。
尽管股指周一表现强劲，但CIMB称，股市可能在短期面临下行风险，因为有关油价引发通货膨胀的担忧仍在困扰投资者。
Saturday, May 10, 2008
For some, it's 'trade in May and hope HK stays in play'
By R SIVANITHY SENIOR CORRESPONDENT
MANY blue chips have had a great run over the past four or five weeks. But now that the reporting season has started and the figures streaming in aren't that great, maybe it's time to cash out for a while?
For some traders, this means 'sell in May and go away'. And to be honest, that's not too bad an idea given the downgrades now being issued, especially for local banks.
For other traders, however, it's more a case of 'trade in May and hope Hong Kong stays in play'. Members of this camp are pinning their hopes on the former British colony holding up in the face of sudden weakness. But unfortunately for them, Hong Kong didn't hold up this week, registering more weakness than strength over the five days.
Yesterday, for example, a 1.5 per cent slide in the Hang Seng Index weighed the Straits Times Index down for the entire day, the latter eventually ending 9.85 points lower at 3,162.03. For the week, the STI lost 74 points or 2.3 per cent.
Yesterday's session was also marred by a computer glitch that started in the late morning and lasted until mid-afternoon. The exchange said the problem was due to 'connectivity issues at the primary telecommunications provider'.
The three banks were among the more prominent local corporations to report their first-quarter results this week. Although loans grew and profits were made, the figures were not overly sparkling and the outlook not overly optimistic to justify continued buying. The majority of analyst reports have been of the diplomatic 'hold' variety, based on fair values having been reached and the absence of catalysts for any major upswing.
In its bank round-up, Citi Investment Research said the outlook for the second half has turned cautious. Among the reasons are increasing macro-economic headwinds from the global slowdown, and although loan growth looks healthy, caution over property-related exposure is warranted. Citi also said it is debatable whether deferred-payment- scheme property launches can boost mortgage growth later this year. It recommended switching out of UOB to laggard DBS and maintained a 'hold' on OCBC.
BNP Paribas, meanwhile, said it sees little scope for upside and recommended investors sell the banks into strength.
The property sector has also had a good run over the past month, but looks like running into headwinds of its own.
Credit Suisse on Monday issued an 'underweight' on property, saying the sector could see the bursting of a bubble created by 'exuberant expectations and liquidity over the past two years'.
It went further to say physical property price falls of up to 40 per cent are possible because of a withdrawal of liquidity, dumping by marginal speculators, price cuts by small developers and rising vacancies because of rising supply.
In the stock market, second- line activity was focused on a mix of the old and the new - tried and trusted trading chip Jade Technologies registered a large volume after news that it had appointed a former minister as an independent director, while China abalone firm Oceanus debuted at an offer price of 20 cents and finished the week at 25 cents.
Hong Kong provided the main external thrust - as well as drag - throughout the week, with the gyrations of its Hang Seng mirrored perfectly by the STI. Oddly enough, Wall Street's influence was relatively muted, though yesterday a sharp drop in the US futures market probably played a part in Hong Kong's slide and a soft opening in Europe.
MANY blue chips have had a great run over the past four or five weeks. But now that the reporting season has started and the figures streaming in aren't that great, maybe it's time to cash out for a while?
For some traders, this means 'sell in May and go away'. And to be honest, that's not too bad an idea given the downgrades now being issued, especially for local banks.
For other traders, however, it's more a case of 'trade in May and hope Hong Kong stays in play'. Members of this camp are pinning their hopes on the former British colony holding up in the face of sudden weakness. But unfortunately for them, Hong Kong didn't hold up this week, registering more weakness than strength over the five days.
Yesterday, for example, a 1.5 per cent slide in the Hang Seng Index weighed the Straits Times Index down for the entire day, the latter eventually ending 9.85 points lower at 3,162.03. For the week, the STI lost 74 points or 2.3 per cent.
Yesterday's session was also marred by a computer glitch that started in the late morning and lasted until mid-afternoon. The exchange said the problem was due to 'connectivity issues at the primary telecommunications provider'.
The three banks were among the more prominent local corporations to report their first-quarter results this week. Although loans grew and profits were made, the figures were not overly sparkling and the outlook not overly optimistic to justify continued buying. The majority of analyst reports have been of the diplomatic 'hold' variety, based on fair values having been reached and the absence of catalysts for any major upswing.
In its bank round-up, Citi Investment Research said the outlook for the second half has turned cautious. Among the reasons are increasing macro-economic headwinds from the global slowdown, and although loan growth looks healthy, caution over property-related exposure is warranted. Citi also said it is debatable whether deferred-payment- scheme property launches can boost mortgage growth later this year. It recommended switching out of UOB to laggard DBS and maintained a 'hold' on OCBC.
BNP Paribas, meanwhile, said it sees little scope for upside and recommended investors sell the banks into strength.
The property sector has also had a good run over the past month, but looks like running into headwinds of its own.
Credit Suisse on Monday issued an 'underweight' on property, saying the sector could see the bursting of a bubble created by 'exuberant expectations and liquidity over the past two years'.
It went further to say physical property price falls of up to 40 per cent are possible because of a withdrawal of liquidity, dumping by marginal speculators, price cuts by small developers and rising vacancies because of rising supply.
In the stock market, second- line activity was focused on a mix of the old and the new - tried and trusted trading chip Jade Technologies registered a large volume after news that it had appointed a former minister as an independent director, while China abalone firm Oceanus debuted at an offer price of 20 cents and finished the week at 25 cents.
Hong Kong provided the main external thrust - as well as drag - throughout the week, with the gyrations of its Hang Seng mirrored perfectly by the STI. Oddly enough, Wall Street's influence was relatively muted, though yesterday a sharp drop in the US futures market probably played a part in Hong Kong's slide and a soft opening in Europe.
Friday, May 9, 2008
ANWELL sambas to beat of Brazilian solar energy customer
SOLAR ENERGY as a viable alternative to fossil fuels is moving toward “tipping point”, as cost per solar watt nears US$1.
That’s why the only capital goods maker listed on SGX, Anwell Technologies, is jumping on the solar power bandwagon.”
Solar cell production is expected to grow 25%-45% a year,” said its CEO Franky Fan to NextInsight in a telephone interview this week.
The capital goods maker expects to deliver its first production line for “Thin-Film” solar modules to Brazil Energy, an investor in energy producers."Brazil Energy approached us because of our strong presence in South America, where we have a 30% market share for DVD-R capital equipment," says Franky.”Solar technology has similarities to that for optical discs,” he explains, when asked about strategy in new business lines.
Anwell was the world’s largest DVD-R capital goods maker last year and shipped out its first Blu ray disc production line in 4Q07.Makers of conventional (crystalline) solar cells are rushing to produce new breed “Thin-Film” solar cells, which use less than 1% of silicon light absorbers compared to the former.
There are 80 “Thin-Film” solar capital goods makers today.Leading the pack is semi-conductor wafer equipment maker Applied Materials, which had US$1.9 billion of orders for solar factory equipment as at Mar 2008.
Anwell’s Sunlite-120 fully automatic turnkey production line has annual capacity of 120 megawatt peak (MWp), and is the largest available today.Competing lines produce at 20-60 MWp a year.And there are no “Thin-Film” solar module capital equipment makers in China currently, other than Anwell.
Replication of capital goods maker-integrated-downstream model
The equipment maker wants to replicate its successful business model in optical discs.
It is the only optical disc equipment maker that also manufactures end-user products (DVD-R and CDR discs).A new subsidiary of Anwell expects to deliver up to 5 mega watts of “Thin-Film” solar modules to Brazil Energy by 1Q09.
How lucrative would solar panels prove to be for Anwell?Market prices for Anwell’s “Thin-Film” solar modules are now at US$2.50 per watt peak, says Franky.
It generally costs US$1 per watt peak (albeit with government subsidies) to produce “Thin-Film” solar modules.”Being in China, and being integrated from equipment making allows us to produce at lower than US$1 per watt peak”, says Franky.This works out to pretty lucrative margins for Anwell's first solar module deal.
Thin Film makes solar energy commercially viable
“Thin-Film” solar cells are easily mass-produced as the process uses less than 1% of the silicon in conventional crystalline cells.Silicon, which amounts to 40%-50% of cost of goods sold in the latter, was the traditional cost barrier to solar energy.
When will “Thin-Film” solar systems become a cost effective alternative to fossil fuels?
The tipping point is widely touted to be a factory gate price of US$1 per watt peak, versus Anwell’s US$2.50.
Below the tipping point, the device for converting sunlight into electricity holds huge potential for installations on roofs or facades of public, private and industrial buildings.It is also used at solar power generation plants.
Governments worldwide such as in the US, Australia and China are also promoting the use of solar energy.
Home in Singapore, for example, the government announced this week a S$20 million scheme to subsidize property developers and building owners up to 40% for solar projects.
Confluence of solar energy and oil prices by 2010?
Oil prices made a new record this week, rising as high as US$122 a barrel, doubling y-o-y.Tightening supplies of crude oil make it increasingly likely that prices will reach as high as US$150-US$200 by 2010, according to Goldman Sachs analysts in a recent report.
Oil prices made a new record this week, rising as high as US$122 a barrel, doubling y-o-y.Tightening supplies of crude oil make it increasingly likely that prices will reach as high as US$150-US$200 by 2010, according to Goldman Sachs analysts in a recent report.
In contrast, prices of “Thin-Film” solar cells are expected to dip past tipping point to US$0.90-US$1.30 per watt peak by 2010, according to Applied Materials.
By end 2009, Anwell’s 40-mega watt (MW) line in Henan will be expanded to 120 MW.
The company will be ready for 2010’s solar energy revolution...
新加坡股市收盘走低，受地区股市和油价拖累
新加坡股市周五连续第三个交易日收盘下挫，因亚洲主要股市疲软，同时能源价格高企损害了市场人气。
新加坡海峡时报指数收盘跌9.85点，至3162.03点，跌幅0.3%。30只成份股中有14只走低。
大盘共有383只股票下跌，228只股票上涨。
成交量仍然低迷，共有14亿股股票成交。
周四的成交量约为16亿股。
某外资经纪公司交易商称，从短期看，新加坡股市处于超买，他认为投资者仍对小型股抱有更大兴趣。
新加坡海峡时报指数收盘跌9.85点，至3162.03点，跌幅0.3%。30只成份股中有14只走低。
大盘共有383只股票下跌，228只股票上涨。
成交量仍然低迷，共有14亿股股票成交。
周四的成交量约为16亿股。
某外资经纪公司交易商称，从短期看，新加坡股市处于超买，他认为投资者仍对小型股抱有更大兴趣。
Thursday, May 8, 2008
China shares in Singapore turn higher led by Sino Techfibre; trade cautious
SHANGHAI (XFN-ASIA) - China stocks in Singapore turned higher at late morning as investors accumulated select stocks after yesterday's declines. Sino Techfibre led gains.
Dealers said trading remained cautious on inflation concerns after crude oil prices hit new records.
The FTSE/ST China Index was up 3.14 points or 0.6 pct at 509.84, while the broad Straits Times Index was down 1.1 pct at 3,191.97.
Sino Techfibre, a maker of synthetic fiber, rose 0.040 sgd or 4.8 pct to 0.870 in heavy trade.
Li Heng Chemical Fibre Technologies, a maker of high-end nylon fiber, was up 0.020 sgd or 2.4 pct at 0.855.
SunVic Chemical Holdings advanced 0.005 sgd or 1.4 pct to 0.365 in heavy trade. The stock is up more than 4 pct this week since saying it expects its profit to more than triple this year.
Bio-Treat Technology rose 0.005 sgd or 1.7 pct to 0.305 after an announcement that Swiss bank UBS received about 5 mln of its shares as collateral on April 25, raising its stake in the company to 5.04 pct.
Last month, the company was declared in default by a Merrill Lynch investment unit which holds Bio-Treat bonds with a face value of 27.6 mln sgd.
Jiutian Chemical fell 0.005 sgd or 3.3 pct to 0.145 sgd.
(1 usd = 7 yuan, 1.36 sgd)
shburo@xfn.com
Source
Dealers said trading remained cautious on inflation concerns after crude oil prices hit new records.
The FTSE/ST China Index was up 3.14 points or 0.6 pct at 509.84, while the broad Straits Times Index was down 1.1 pct at 3,191.97.
Sino Techfibre, a maker of synthetic fiber, rose 0.040 sgd or 4.8 pct to 0.870 in heavy trade.
Li Heng Chemical Fibre Technologies, a maker of high-end nylon fiber, was up 0.020 sgd or 2.4 pct at 0.855.
SunVic Chemical Holdings advanced 0.005 sgd or 1.4 pct to 0.365 in heavy trade. The stock is up more than 4 pct this week since saying it expects its profit to more than triple this year.
Bio-Treat Technology rose 0.005 sgd or 1.7 pct to 0.305 after an announcement that Swiss bank UBS received about 5 mln of its shares as collateral on April 25, raising its stake in the company to 5.04 pct.
Last month, the company was declared in default by a Merrill Lynch investment unit which holds Bio-Treat bonds with a face value of 27.6 mln sgd.
Jiutian Chemical fell 0.005 sgd or 3.3 pct to 0.145 sgd.
(1 usd = 7 yuan, 1.36 sgd)
shburo@xfn.com
Source
新加坡股市收盘大幅下跌，银行及地产开发商类股跌幅居前
新加坡股市周四收盘大幅下跌，走势弱于亚洲地区多数股市，受银行及地产类股走软拖累。
海峡时报指数收盘跌57.07点，至3171.88.点，跌幅1.8%。
该指数30只成份股中有25只下跌。
总体市场，397只股票下跌，262只股票上涨。
市场交投淡静，成交量为16亿股。
当地一位分析师称，新加坡股市短线或持续走软。
海峡时报指数收盘跌57.07点，至3171.88.点，跌幅1.8%。
该指数30只成份股中有25只下跌。
总体市场，397只股票下跌，262只股票上涨。
市场交投淡静，成交量为16亿股。
当地一位分析师称，新加坡股市短线或持续走软。
Wednesday, May 7, 2008
CEO Aims to Finish Casino Resort by 2010
By CHING-LI TORMay 5, 2008; Page B6
Taking note of the lucrative regulated gambling market in the Asian-Pacific region, which is forecast to grow 16% a year to US$30 billion by 2011, the Singapore government rescinded its 40-year-old ban on casinos and in 2005 kicked off a grueling and intensely scrutinized bidding process to choose two casino operators.
After losing an attempt to snare the first license, won by the Las Vegas Sands Corp. of the U.S. for a casino at Marina Bay, Tan Hee Teck and a core team of 10 in late 2006 clinched the competitive bidding for the second integrated resort/casino license for his company, Malaysia's Genting Bhd. and its 50.4%-owned Genting International PLC subsidiary.
Today, Mr. Tan, 52 years old, is using his two decades of gaming-industry experience to lead a staff of more than 170 in a race to bring to fruition by early 2010 their concept for Resorts World at Singapore's Sentosa Island. The ambitious S$6 billion (US$4.4 billion) project will sprawl across 49 hectares, and include attractions such as a Universal Studios theme park, one of the world's largest oceanariums, six hotels offering 1,800 rooms and, of course, a world-class gambling casino meant to attract Asia's rich and famous.
For spearheading Genting's successful bid against two other international contenders, Mr. Tan was promoted to chief executive of Resorts World at Sentosa last January from his role as chief financial officer for the Singapore-listed Genting International, which has a market capitalization of S$5.86 billion.
Clinching the license proved to be the easy part. Mr. Tan, who joined the Genting Group in 1982, has had to deal with several curve balls, such as the rising cost of sand, for landfill, which helped inflate the project cost from an initial S$5.2 billion; and a botched joint venture with Macau casino tycoon Stanley Ho, which ran afoul of Singapore's stringent casino regulations. Resorts World will be Mr. Tan's seventh and biggest casino-resort development, after managing casinos in Australia, the Bahamas, Malaysia and the Philippines.
Mr. Tan left Genting in 1996 to join and later become chief executive at Waterfront Group, a Malaysian stock-brokerage company that is now CMY Capital, an investment holding company. He subsequently became chief operating officer at another stock brokerage, DBS Vickers Securities in Singapore, before rejoining Genting in 2004. He is a fellow of the (UK) Association of Chartered Certified Accountants, and a graduate of the advanced management program of Harvard Business School at Harvard University. Tor Ching Li interviewed Mr. Tan in Singapore.
WSJ: What was the biggest lesson you learned from your first job?
Mr. Tan: My first job was...teaching science to secondary 2 [eighth-grade] students. It was my first experience being a coach and has served me well since. I have always considered myself a mentor to my younger colleagues in all the organizations that I have worked for.
WSJ: Do you have a favorite business book?
Mr. Tan: "Strategic Marketing Management," [edited] by Robert J. Dolan. Marketing is the soul of any company. This book has many useful articles that we can apply in various situations and in many industries. One example is how to succeed through differentiation.
WSJ: What principle of management do you wish you knew when you were starting out in your field?
Mr. Tan: The psychology of managing people. As I have always been task oriented, I tend to overlook the softer side of being a manager.
WSJ: What do you wish every new hire knew?
Mr. Tan: Common sense, which isn't actually very common. I am not sure if this can be taught, but certainly if one is immersed in the right environment, it helps hone judgment.
WSJ: What is the most important piece of technology you use personally?
Mr. Tan: I have a Nokia E61 [smartphone] that controls my life, although sometimes I wish that it hadn't been invented.
WSJ: Is there a difference between integrated resorts in Asia and the rest of the world?
Mr. Tan: Different countries have different customer profiles. In the Bahamas, the clientele was 90% American. At Resorts World, we expect and have tailored facilities to cater to clients mainly from Southeast Asia, India, China and the Middle East. For example, we have entire floors with rooms that can be linked up for larger families that come from the Middle East. While Americans don't mind spending more on their room, Asians tend to prefer to save on the room while spending more on entertainment, so we provide for this.
WSJ: Given the intense competition of existing and up-and-coming integrated resorts, how do you keep ahead of the pack?
Mr. Tan: Differentiation is absolutely key to ensure that we are ahead of the curve in our product position and creating top-of-the-mind awareness to our customers. In our industry, we have to continually predict trends and refresh our product to ensure our relevance in the marketplace. Singapore coined the term "integrated resort," but of late, the term has frequently been misused to refer even to stand-alone casinos that have neither attractions nor facilities. I would say that the only true IRs are in Singapore, where the gaming complex is part of a megaleisure-and-entertainment destination that includes world-class family attractions.
WSJ: Is there an instance when you felt you let your company or colleagues down? If so, what did it teach you?
Mr. Tan: Soon after rejoining Genting in 2004, I was involved in negotiating a pretty large business deal and didn't push this deal harder through the board for approval. We didn't conclude the deal and it turned out to be a gold mine. I had believed in it, but I was not vocal enough. Conviction must be translated into determination.
WSJ: What was the toughest decision you've had to make as a manager?
Mr. Tan: During the Asian economic crisis about eight years ago, the stock-brokering business went through a very rough patch. In order to keep the business afloat, [DBS Vickers Securities] had to lay off a number of staff. The pain is unforgettable.
WSJ: What is the most satisfying decision you make as a manager?
Mr. Tan: At the end of every financial year, when the results are good, the most satisfying decisions are made to communicate and share the spoils with fellow colleagues in special bonuses or incentives.
WSJ: Would you recommend that someone starting out in your field attend business school, or skip the M.B.A. and learn along the way?
Mr. Tan: The M.B.A. isn't a necessity but it is good to have, especially if one can grasp the analytical lessons of the case studies presented in class. It is important to experience and understand the basics of management, finance or whatever your interest is.
Source
By CHING-LI TORMay 5, 2008; Page B6
Taking note of the lucrative regulated gambling market in the Asian-Pacific region, which is forecast to grow 16% a year to US$30 billion by 2011, the Singapore government rescinded its 40-year-old ban on casinos and in 2005 kicked off a grueling and intensely scrutinized bidding process to choose two casino operators.
After losing an attempt to snare the first license, won by the Las Vegas Sands Corp. of the U.S. for a casino at Marina Bay, Tan Hee Teck and a core team of 10 in late 2006 clinched the competitive bidding for the second integrated resort/casino license for his company, Malaysia's Genting Bhd. and its 50.4%-owned Genting International PLC subsidiary.
Today, Mr. Tan, 52 years old, is using his two decades of gaming-industry experience to lead a staff of more than 170 in a race to bring to fruition by early 2010 their concept for Resorts World at Singapore's Sentosa Island. The ambitious S$6 billion (US$4.4 billion) project will sprawl across 49 hectares, and include attractions such as a Universal Studios theme park, one of the world's largest oceanariums, six hotels offering 1,800 rooms and, of course, a world-class gambling casino meant to attract Asia's rich and famous.
For spearheading Genting's successful bid against two other international contenders, Mr. Tan was promoted to chief executive of Resorts World at Sentosa last January from his role as chief financial officer for the Singapore-listed Genting International, which has a market capitalization of S$5.86 billion.
Clinching the license proved to be the easy part. Mr. Tan, who joined the Genting Group in 1982, has had to deal with several curve balls, such as the rising cost of sand, for landfill, which helped inflate the project cost from an initial S$5.2 billion; and a botched joint venture with Macau casino tycoon Stanley Ho, which ran afoul of Singapore's stringent casino regulations. Resorts World will be Mr. Tan's seventh and biggest casino-resort development, after managing casinos in Australia, the Bahamas, Malaysia and the Philippines.
Mr. Tan left Genting in 1996 to join and later become chief executive at Waterfront Group, a Malaysian stock-brokerage company that is now CMY Capital, an investment holding company. He subsequently became chief operating officer at another stock brokerage, DBS Vickers Securities in Singapore, before rejoining Genting in 2004. He is a fellow of the (UK) Association of Chartered Certified Accountants, and a graduate of the advanced management program of Harvard Business School at Harvard University. Tor Ching Li interviewed Mr. Tan in Singapore.
WSJ: What was the biggest lesson you learned from your first job?
Mr. Tan: My first job was...teaching science to secondary 2 [eighth-grade] students. It was my first experience being a coach and has served me well since. I have always considered myself a mentor to my younger colleagues in all the organizations that I have worked for.
WSJ: Do you have a favorite business book?
Mr. Tan: "Strategic Marketing Management," [edited] by Robert J. Dolan. Marketing is the soul of any company. This book has many useful articles that we can apply in various situations and in many industries. One example is how to succeed through differentiation.
WSJ: What principle of management do you wish you knew when you were starting out in your field?
Mr. Tan: The psychology of managing people. As I have always been task oriented, I tend to overlook the softer side of being a manager.
WSJ: What do you wish every new hire knew?
Mr. Tan: Common sense, which isn't actually very common. I am not sure if this can be taught, but certainly if one is immersed in the right environment, it helps hone judgment.
WSJ: What is the most important piece of technology you use personally?
Mr. Tan: I have a Nokia E61 [smartphone] that controls my life, although sometimes I wish that it hadn't been invented.
WSJ: Is there a difference between integrated resorts in Asia and the rest of the world?
Mr. Tan: Different countries have different customer profiles. In the Bahamas, the clientele was 90% American. At Resorts World, we expect and have tailored facilities to cater to clients mainly from Southeast Asia, India, China and the Middle East. For example, we have entire floors with rooms that can be linked up for larger families that come from the Middle East. While Americans don't mind spending more on their room, Asians tend to prefer to save on the room while spending more on entertainment, so we provide for this.
WSJ: Given the intense competition of existing and up-and-coming integrated resorts, how do you keep ahead of the pack?
Mr. Tan: Differentiation is absolutely key to ensure that we are ahead of the curve in our product position and creating top-of-the-mind awareness to our customers. In our industry, we have to continually predict trends and refresh our product to ensure our relevance in the marketplace. Singapore coined the term "integrated resort," but of late, the term has frequently been misused to refer even to stand-alone casinos that have neither attractions nor facilities. I would say that the only true IRs are in Singapore, where the gaming complex is part of a megaleisure-and-entertainment destination that includes world-class family attractions.
WSJ: Is there an instance when you felt you let your company or colleagues down? If so, what did it teach you?
Mr. Tan: Soon after rejoining Genting in 2004, I was involved in negotiating a pretty large business deal and didn't push this deal harder through the board for approval. We didn't conclude the deal and it turned out to be a gold mine. I had believed in it, but I was not vocal enough. Conviction must be translated into determination.
WSJ: What was the toughest decision you've had to make as a manager?
Mr. Tan: During the Asian economic crisis about eight years ago, the stock-brokering business went through a very rough patch. In order to keep the business afloat, [DBS Vickers Securities] had to lay off a number of staff. The pain is unforgettable.
WSJ: What is the most satisfying decision you make as a manager?
Mr. Tan: At the end of every financial year, when the results are good, the most satisfying decisions are made to communicate and share the spoils with fellow colleagues in special bonuses or incentives.
WSJ: Would you recommend that someone starting out in your field attend business school, or skip the M.B.A. and learn along the way?
Mr. Tan: The M.B.A. isn't a necessity but it is good to have, especially if one can grasp the analytical lessons of the case studies presented in class. It is important to experience and understand the basics of management, finance or whatever your interest is.
Source
新加坡股市收盘走低，因亚洲大部分股市回落、市场缺乏指引
新加坡股市周三收盘下跌，由于缺乏买盘线索而且亚洲大部分股市回落，市场人士进行获利回吐。
海峡时报指数收盘跌19.80点，至3228.95点，跌幅0.6%。该指数30只成份股中有15只下跌。
大盘方面，375只股票下跌，319只股票上涨。
市场成交量约为20亿股，高于周二的15亿股。
分析师称，尽管海峡时报指数一直顽强守在3200点上方，但近期或将跌破这一水平。
海峡时报指数收盘跌19.80点，至3228.95点，跌幅0.6%。该指数30只成份股中有15只下跌。
大盘方面，375只股票下跌，319只股票上涨。
市场成交量约为20亿股，高于周二的15亿股。
分析师称，尽管海峡时报指数一直顽强守在3200点上方，但近期或将跌破这一水平。
Anwell Technologies
InfoSmart Group, Inc. Closes on $5,000,000 Financing to Fund Blu-Ray Demand in International Markets
May 05, 2008: 08:30 AM EST
May 05, 2008: 08:30 AM EST
InfoSmart Group, Inc. ("InfoSmart" or the "Company") (OTCBB: IFSG), a leading recordable digital versatile disc ("DVDR") manufacturer in Hong Kong and Brazil, today announced that on Wednesday, April 30th, 2008 it closed on a $5.0 million commercial secured lending transaction (the "Loan") with two institutional investors. The proceeds of the Loan are marked for the Company's development of Blu-Ray Disc (BD) sales and marketing efforts in their local and international markets.
For more detailed information on the Loan referred to in this release, reference is made to the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission and related exhibits thereto.
Parker Seto, CEO of InfoSmart Group, stated: "While our company continues to reap the benefits of traditional DVDR lines in emerging markets like Brazil, we are also preparing for the continued development of media in developed markets such as Asia. The addition of BD production lines to our recent acquisition of our first Anwell unit not only expands our Blu-Ray production capacity, but also adds balance to our product portfolio which now consists of DVDR, Flash Memory and now BD."
About InfoSmart Group, Inc.
InfoSmart operates state-of-the-art DVDR and storage media production facilities in Hong Kong and Brazil and is preparing to manufacture Flash Memory. InfoSmart has production flexibility to upgrade its manufacturing capacity to include production of High-Density (HD) and Blu-Ray discs. In addition, the Company is one of the largest manufacturers of DVDR discs in Brazil and all of South America. Flash memory devices will be the storage media of choice for years to come, whether the Company is able to manufacture Blu-Ray DVD for mature markets or traditional DVDR for developing markets. No other storage media available rivals the combination of high capacity, low cost and exceptional portability of InfoSmart's current product mix.
FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements, as defined in the Securities Reform Act of 1995 (the "Reform Act"). The safe harbor for forward-looking statements provided to companies by the Reform Act does not apply to InfoSmart Group, Inc. (the "Company").
However, actual events or results may differ from the Company's expectations on a negative or positive basis and are subject to a number of known and unknown risks and uncertainties including, but not limited to, competition with larger companies, development of and demand for a new technology, risks associated with a startup company, risks associated with international transactions, general economic conditions, availability of funds for capital expenditure by customers, availability of timely financing, cash flow, timely delivery by suppliers, ability to produce our DVDRs and their components, ability to maintain quality control, collection-related risks from international transactions, or the Company's ability to manage growth. Other risk factors attributable to the Company's business may affect the actual results achieved by the Company including those that are found in the Company's Annual Report on Form 10-K filed with the SEC on April 1, 2008, and subsequent Quarterly Reports on Form 10-Q and subsequent Current Reports filed on Form 8-K that will be included with or prior to the filing of the Company's next Quarterly or Annual Report.
Contact:
Investor Relations,
HC International, Inc.
Alan Sheinwald, Partner
Tel: (914) 669-0222
Email: Alan.Sheinwald@HCinternational.net
Investor Relations,
HC International, Inc.
Alan Sheinwald, Partner
Tel: (914) 669-0222
Email: Alan.Sheinwald@HCinternational.net
Tuesday, May 6, 2008
新加坡股市收盘持平，银行和商品类股支撑股指
新加坡股市周二收盘基本持平，因银行类股和商品类股显现出抗跌性，抵消了美国股市前夜下挫的影响。
海峡时报指数收盘涨0.71点，至3248.75点，涨幅0.02%。
该指数30只成份股中有13只上涨。大盘方面，370只股票上涨，271只下跌。
成交量约为15亿股，周一为14亿股。
一位交易商表示，虽然海峡时报指数一直保持在3200点之上，但近期前景依然存在不确定性。
海峡时报指数收盘涨0.71点，至3248.75点，涨幅0.02%。
该指数30只成份股中有13只上涨。大盘方面，370只股票上涨，271只下跌。
成交量约为15亿股，周一为14亿股。
一位交易商表示，虽然海峡时报指数一直保持在3200点之上，但近期前景依然存在不确定性。
Monday, May 5, 2008
印尼设赌场未明朗 龙马仍三缄其口
（吉隆坡25日讯）龙马有限公司（LANDMRK，1643，主板酒店组）仍对它是否已获得印尼当局发出博彩执照，在印尼岸外民丹岛经营赌场一事三缄其口。
虽然如此，该公司股东们已在特别大会上，批准建议中收购民丹岛休闲湾私人有限公司其余26%股权，后者正发展预定将兴建一个综合渡假村兼赌场的休闲湾。
民丹岛休闲湾副首席营运员梁保罗（译音）告诉记者，龙马了解投资者关注上述博彩执照问题，不过现在还不是时候作出澄清。
询及若民丹岛休闲湾是否已正式获颁博彩执照时，他说：“我还不能透露。我即将对此作出公布。我必须与董事部和当局洽谈。我们将尽快发表一项声明。”
上述休闲湾计划的工程，除上述综合渡假村外，也包括一个城市中心、文化村、别墅和共管公寓，将耗时8年直到2015年。
加入上述综合渡假村，整项发展将耗资96亿令吉总发展值，以及45亿令吉总发展成本。
Source
虽然如此，该公司股东们已在特别大会上，批准建议中收购民丹岛休闲湾私人有限公司其余26%股权，后者正发展预定将兴建一个综合渡假村兼赌场的休闲湾。
民丹岛休闲湾副首席营运员梁保罗（译音）告诉记者，龙马了解投资者关注上述博彩执照问题，不过现在还不是时候作出澄清。
询及若民丹岛休闲湾是否已正式获颁博彩执照时，他说：“我还不能透露。我即将对此作出公布。我必须与董事部和当局洽谈。我们将尽快发表一项声明。”
上述休闲湾计划的工程，除上述综合渡假村外，也包括一个城市中心、文化村、别墅和共管公寓，将耗时8年直到2015年。
加入上述综合渡假村，整项发展将耗资96亿令吉总发展值，以及45亿令吉总发展成本。
Source
Bintan casino plan waiting for a green light from Jakarta
Fadli, The Jakarta Post, Batam
A plan to create a legal gambling zone in the Lagoi integrated exclusive tourist area in Bintan, Riau Islands province, is still awaiting approval from the central government, an official says.
Bintan Deputy Regent Mastur Taher said on Tuesday a regional regulation designed to legalize gambling in Bintan had been handed over to the Bintan Legislative Council in September 2007.
"It is up to the Bintan regency legislature to endorse the bill," he said.
Malaysia's Landmarks Bhd., backed by Asia's largest gambling company, hopes to build Indonesia's first legalized casinos in a $3.1 billion resort project to compete with Las Vegas Sands Corp. in Singapore.
"The objective is to develop a new destination for Indonesia," Chief Operating Officer Lim Boon Soon said in an interview in Kuala Lumpur. The gaming element "will accelerate the whole integrated development in Bintan," according to Bloomberg.
The planned casinos in Bintan will compete with gaming resorts that Las Vegas Sands and Genting Bhd., Landmarks's biggest shareholder, are racing to build in Singapore, which is a 55-minute ferry ride away.
Mastur said local authorities feared the casino center would have an adverse effect on local moral standards.
The 23,000 hectares special resort was inaugurated in 1996 to attract foreign tourists, especially from Southeast Asian countries and has so far attracted seven investors, including Banyan Tree, Bintan Lagoon and Club Med Ria.
Foreign visitors to the resort increased from 330,000 in 2006 to 370,000 in 2007 and the number is expected to double in the coming years.
The secretary of the regency legislature's special committee handling the development, Timbul Sianturi, said the regency legislative council was still collecting information and consulting with the central government and the local people on the resort's fate.
"The special integrated tourist resort bill, which allows electronic and non-electronic sport games (or gambling), has raised a wide public controversy, and that is why we are still awaiting considerations from the central government and the public," he said.
Timbul, a councillor of the Golkar Party, said the four-member faction of the Prosperous Justice Party (PKS) opposed the bill, while 21 other councillors of Golkar, the Indonesian Democratic Party of Struggle (PDI Perjuangan) and the United Development Party (PPP) were still taking a "wait and see" stance.
He said it was time for Indonesia to take financial advantage of competition between Malaysia and Singapore in the gambling business, which attracts many Indonesians, especially to the Genting Highlands gambling district in Malaysia.
Chief spokesman for the Riau Islands provincial government Irmansyah said the governor and the Bintan regent had met with the director general of regional development affairs at the Home Ministry to discuss the bill but had yet to reach a decision.
The local chapter of the Indonesian Ulema Association has decried the bill, sparking similar strong support from locals.
"We support development, but not gambling. It will likely generate jobs but will damage local morality," he said.
Source
A plan to create a legal gambling zone in the Lagoi integrated exclusive tourist area in Bintan, Riau Islands province, is still awaiting approval from the central government, an official says.
Bintan Deputy Regent Mastur Taher said on Tuesday a regional regulation designed to legalize gambling in Bintan had been handed over to the Bintan Legislative Council in September 2007.
"It is up to the Bintan regency legislature to endorse the bill," he said.
Malaysia's Landmarks Bhd., backed by Asia's largest gambling company, hopes to build Indonesia's first legalized casinos in a $3.1 billion resort project to compete with Las Vegas Sands Corp. in Singapore.
"The objective is to develop a new destination for Indonesia," Chief Operating Officer Lim Boon Soon said in an interview in Kuala Lumpur. The gaming element "will accelerate the whole integrated development in Bintan," according to Bloomberg.
The planned casinos in Bintan will compete with gaming resorts that Las Vegas Sands and Genting Bhd., Landmarks's biggest shareholder, are racing to build in Singapore, which is a 55-minute ferry ride away.
Mastur said local authorities feared the casino center would have an adverse effect on local moral standards.
The 23,000 hectares special resort was inaugurated in 1996 to attract foreign tourists, especially from Southeast Asian countries and has so far attracted seven investors, including Banyan Tree, Bintan Lagoon and Club Med Ria.
Foreign visitors to the resort increased from 330,000 in 2006 to 370,000 in 2007 and the number is expected to double in the coming years.
The secretary of the regency legislature's special committee handling the development, Timbul Sianturi, said the regency legislative council was still collecting information and consulting with the central government and the local people on the resort's fate.
"The special integrated tourist resort bill, which allows electronic and non-electronic sport games (or gambling), has raised a wide public controversy, and that is why we are still awaiting considerations from the central government and the public," he said.
Timbul, a councillor of the Golkar Party, said the four-member faction of the Prosperous Justice Party (PKS) opposed the bill, while 21 other councillors of Golkar, the Indonesian Democratic Party of Struggle (PDI Perjuangan) and the United Development Party (PPP) were still taking a "wait and see" stance.
He said it was time for Indonesia to take financial advantage of competition between Malaysia and Singapore in the gambling business, which attracts many Indonesians, especially to the Genting Highlands gambling district in Malaysia.
Chief spokesman for the Riau Islands provincial government Irmansyah said the governor and the Bintan regent had met with the director general of regional development affairs at the Home Ministry to discuss the bill but had yet to reach a decision.
The local chapter of the Indonesian Ulema Association has decried the bill, sparking similar strong support from locals.
"We support development, but not gambling. It will likely generate jobs but will damage local morality," he said.
Source
Brokers' Take Published May 3, 2008
S-chips DMG & Partners Securities, May 2
THE Shanghai Composite Index has been on a downtrend over the past few months. Despite the Chinese government cutting the stamp duty on stockmarket transactions (effective April 24), which led to a positive market reaction, the index is still 33 per cent lower than at end-2007.
The FTSE ST China (FSTC) Index, which comprises Chinese companies listed in Singapore, has also weakened in tandem with the weakness for the Shanghai Composite Index. The FSTC Index value of 475 on April 29 is 38 per cent lower YTD, though there was some temporary firmness following the stamp duty cut by the Chinese government.
The temporary firmness in the FSTC Index has been accompanied by a corresponding surge in the volume of FSTC Index member stocks traded. The volume exceeded 400 million units per day for April 22-24 as market players traded on expectations of some measures by the Chinese government, and also post-announcement, sharply higher than the 248 million units daily average from Jan 10 to April 29.
What is more interesting is the ratio of the trading volume of FSTC Index member stocks to the trading volume of Straits Times Index member stocks, which rose to a recent peak of more than two times compared with the average of one time over the past three-and-a-half months. However, over the past two to three days, the ratio has fallen back close to its 3.5-month average.
We note that the FSTC Index typically weakens after the ratio peaks. This occurred in late-February and early-April. It is likely that the ratio peak from April 22-24 could lead to some temporary weakness in the FSTC Index in future, barring any other measures by the Chinese government which could stimulate the stock market. If the FSTC Index does weaken, it will lower the PE of S-chips to below the current 9.5 times, which is already attractive.
Notwithstanding this possible weakness, we recommend investors to buy into S-chips with strong fundamentals such as China XLX ('buy', TP: S$1.00) and Ferrochina ('buy', TP: S$2.14). In addition, JES International (unrated) and Li Heng Chemical Fibre (unrated) look interesting.
Singapore PostMay 2 close: S$1.15DBS Group Research, May 2
UNDERLYING Q4 FY2008 net profit of $33.6 million (down 1.2 per cent y-o-y, and 8.0 per cent lower q-o-q) was below our $35 million forecast, as a 13 per cent y-o-y increase in operating expenses (excluding an impairment charge of $4.9 million) was above our already high single-digit growth estimate. The company declared a final dividend of 2.5 cents, taking full-year dividends to 6.25 cents.
Operating expenses grew mainly due to: 1) rising wages; 2) higher traffic volume coupled with higher oil prices; and 3) higher selling expenses for boosting retail sales. Management has guided for stabilisation of operating costs at Q4 FY2008 levels, which means that Q1 FY2009 and Q2 FY2009 could be hit by a high cost base compared to the corresponding quarters in FY2008. Moreover, postal liberalisation, although not very significant, can put additional pressure on Singapore Post's margins.
We have trimmed our FY2009 earnings estimates by 6.5 per cent on lower margin assumptions. In view of an uncertain property market, sum-of-the- parts valuation based on the assumed sale of the SPC building may be less relevant now. Our new target price of $1.12 is pegged at 15 times FY2009 PE (based on a historical range of 15-18 times), and we downgrade Singapore Post to 'hold'. Stable earnings with a 5.5 per cent dividend yield remain as key attractions of the stock.HOLD
CapitaLandMay 2 close: S$7.09CIMB-GK Research, May 2
CAPITALAND'S Q1 2008 core EPS of 7.5 cents formed 20 per cent of our full-year forecast. We believe the results were below consensus forecast. Q1 2008 saw revenue from the residential segment falling by 8 per cent y-o-y to $412 million, while revenue from commercial and retail operations leapt 62 per cent and 67 per cent y-o-y respectively. With the pace of completion of residential projects expected to pick up, we expect stronger recognition in the next few quarters. CapitaLand is also expected to launch several overseas projects this year.
We have lowered our FY2008-10 core EPS forecasts by 21-219 per cent on less aggressive recognition assumptions in Singapore. On the other hand, our end-2008 RNAV estimate and target price have been raised by 6 per cent to $6.86 to factor in higher market valuations for its listed subsidiaries and higher fee income growth assumptions. Rich valuations remain the main reason for our 'underperform' rating.UNDERPERFORM
Glossary:
EPS - earnings per share
Ebit - earnings before interest & tax
Ebitda - earnings before interest, tax, depreciation & amortisation
FY - fiscal/financial year
H1, H2 - first or second halfNAV - net asset value
9M - nine months
P/B - price/book value (ratio)
PE - price/earnings (ratio)
Q1, Q2, Q3 - first, second, or third quarterq-o-q - quarter-on-quarter
ROE - return on equity
RNAV - revised net asset value
TP - target price
y-o-y - year-on-year
YTD - year to date
- Compiled by CONRAD TAN
Disclaimer: All analyses, recommendations and other information herein are published for general information. Readers should not rely solely on the information published and should seek independent financial advice prior to making any investment decision. The publisher accepts no liability for any loss whatsoever arising from any use of the information published herein. Brokers who wish to send in their reports can email us at btnews@sph.com.sg
THE Shanghai Composite Index has been on a downtrend over the past few months. Despite the Chinese government cutting the stamp duty on stockmarket transactions (effective April 24), which led to a positive market reaction, the index is still 33 per cent lower than at end-2007.
The FTSE ST China (FSTC) Index, which comprises Chinese companies listed in Singapore, has also weakened in tandem with the weakness for the Shanghai Composite Index. The FSTC Index value of 475 on April 29 is 38 per cent lower YTD, though there was some temporary firmness following the stamp duty cut by the Chinese government.
The temporary firmness in the FSTC Index has been accompanied by a corresponding surge in the volume of FSTC Index member stocks traded. The volume exceeded 400 million units per day for April 22-24 as market players traded on expectations of some measures by the Chinese government, and also post-announcement, sharply higher than the 248 million units daily average from Jan 10 to April 29.
What is more interesting is the ratio of the trading volume of FSTC Index member stocks to the trading volume of Straits Times Index member stocks, which rose to a recent peak of more than two times compared with the average of one time over the past three-and-a-half months. However, over the past two to three days, the ratio has fallen back close to its 3.5-month average.
We note that the FSTC Index typically weakens after the ratio peaks. This occurred in late-February and early-April. It is likely that the ratio peak from April 22-24 could lead to some temporary weakness in the FSTC Index in future, barring any other measures by the Chinese government which could stimulate the stock market. If the FSTC Index does weaken, it will lower the PE of S-chips to below the current 9.5 times, which is already attractive.
Notwithstanding this possible weakness, we recommend investors to buy into S-chips with strong fundamentals such as China XLX ('buy', TP: S$1.00) and Ferrochina ('buy', TP: S$2.14). In addition, JES International (unrated) and Li Heng Chemical Fibre (unrated) look interesting.
Singapore PostMay 2 close: S$1.15DBS Group Research, May 2
UNDERLYING Q4 FY2008 net profit of $33.6 million (down 1.2 per cent y-o-y, and 8.0 per cent lower q-o-q) was below our $35 million forecast, as a 13 per cent y-o-y increase in operating expenses (excluding an impairment charge of $4.9 million) was above our already high single-digit growth estimate. The company declared a final dividend of 2.5 cents, taking full-year dividends to 6.25 cents.
Operating expenses grew mainly due to: 1) rising wages; 2) higher traffic volume coupled with higher oil prices; and 3) higher selling expenses for boosting retail sales. Management has guided for stabilisation of operating costs at Q4 FY2008 levels, which means that Q1 FY2009 and Q2 FY2009 could be hit by a high cost base compared to the corresponding quarters in FY2008. Moreover, postal liberalisation, although not very significant, can put additional pressure on Singapore Post's margins.
We have trimmed our FY2009 earnings estimates by 6.5 per cent on lower margin assumptions. In view of an uncertain property market, sum-of-the- parts valuation based on the assumed sale of the SPC building may be less relevant now. Our new target price of $1.12 is pegged at 15 times FY2009 PE (based on a historical range of 15-18 times), and we downgrade Singapore Post to 'hold'. Stable earnings with a 5.5 per cent dividend yield remain as key attractions of the stock.HOLD
CapitaLandMay 2 close: S$7.09CIMB-GK Research, May 2
CAPITALAND'S Q1 2008 core EPS of 7.5 cents formed 20 per cent of our full-year forecast. We believe the results were below consensus forecast. Q1 2008 saw revenue from the residential segment falling by 8 per cent y-o-y to $412 million, while revenue from commercial and retail operations leapt 62 per cent and 67 per cent y-o-y respectively. With the pace of completion of residential projects expected to pick up, we expect stronger recognition in the next few quarters. CapitaLand is also expected to launch several overseas projects this year.
We have lowered our FY2008-10 core EPS forecasts by 21-219 per cent on less aggressive recognition assumptions in Singapore. On the other hand, our end-2008 RNAV estimate and target price have been raised by 6 per cent to $6.86 to factor in higher market valuations for its listed subsidiaries and higher fee income growth assumptions. Rich valuations remain the main reason for our 'underperform' rating.UNDERPERFORM
Glossary:
EPS - earnings per share
Ebit - earnings before interest & tax
Ebitda - earnings before interest, tax, depreciation & amortisation
FY - fiscal/financial year
H1, H2 - first or second halfNAV - net asset value
9M - nine months
P/B - price/book value (ratio)
PE - price/earnings (ratio)
Q1, Q2, Q3 - first, second, or third quarterq-o-q - quarter-on-quarter
ROE - return on equity
RNAV - revised net asset value
TP - target price
y-o-y - year-on-year
YTD - year to date
- Compiled by CONRAD TAN
Disclaimer: All analyses, recommendations and other information herein are published for general information. Readers should not rely solely on the information published and should seek independent financial advice prior to making any investment decision. The publisher accepts no liability for any loss whatsoever arising from any use of the information published herein. Brokers who wish to send in their reports can email us at btnews@sph.com.sg
新加坡股市收盘走高，受美国经济前景转好影响
新加坡股市周一收盘走高，追随了美国股市上周五的涨势；上周五公布的最新数据显示，美国经济放缓的程度并不像预想得那样严重。
海峡时报指数收盘涨11.94点，至3248.04点，涨幅0.4%。
该指数30只成份股中有18只走高。
共有355只股票上涨，285只股票下跌。成交量约14亿股，上周五为15亿股。
一些分析师仍对涨势的可持续性持怀疑态度。
UOB-KayHian分析师K. Ajith表示，海峡时报指数已从2746点的近期低点上涨了500多点；现在很多公司已经完成了业绩公布，市场未来走势还有待进一步观察。
海峡时报指数收盘涨11.94点，至3248.04点，涨幅0.4%。
该指数30只成份股中有18只走高。
共有355只股票上涨，285只股票下跌。成交量约14亿股，上周五为15亿股。
一些分析师仍对涨势的可持续性持怀疑态度。
UOB-KayHian分析师K. Ajith表示，海峡时报指数已从2746点的近期低点上涨了500多点；现在很多公司已经完成了业绩公布，市场未来走势还有待进一步观察。
Sunday, May 4, 2008
NCL's First F3 Ship Takes Shape With Keel Laying At Aker Yards
During a ceremony at Aker Yards in St. Nazaire, France, the keel was laid for the first of Norwegian Cruise Line's F3 ships, the third generation and the next evolution of the company's innovative Freestyle Cruising ships. The first block of the keel, number 5006, a double bottom block weighing 322 tons, was put into place marking the start of the overall construction of the ship.
The milestone ceremony was attended by executives from Star Cruises, Apollo Management, NCL and Aker Yards. Upholding maritime tradition, each attendee was invited to put a specially designed coin in a tube that was welded shut and placed in the keel for good luck.
"The F3 ships are our most innovative project in the company's 41-year history and will provide a totally unique vacation experience," said Colin Veitch, NCL's president and CEO. "Today as we lay the keel for this groundbreaking new ship, we are one step closer to revolutionizing cruising as we know it."
The two 150,000-ton F3 ships will each total 4,200 passenger berths, representing the largest ships in NCL's fleet.
Chairman of Star Cruises Tan Sri KT Lim added, "History is in the making today as NCL's first F3 ship begins to take shape. We are proud to be a part of bringing this new innovative ship to fruition, one unlike any the world has seen before."
Steve Martinez, partner at Apollo Management, noted, "NCL already has the youngest fleet in the industry. We are excited to launch the construction of this next generation of Freestyle Cruising ship."
The new ship design will offer 60 percent more guest space than NCL's largest ships to date, which will be used to provide guests an even wider range of on-board activities, amenities and stateroom options. The ships' cabin mix will be the richest of any NCL ship with 100 percent of outside staterooms featuring private balconies. In total, each ship will have 1,415 balcony staterooms.
More details about the F3 ships including other innovative accommodations, public spaces, dining, entertainment/nightlife, cutting-edge technology and casino will be announced leading up to the launch of the first F3 ship in 2010.
Saturday, May 3, 2008
April 16, 2008 - Westfield, Indiana
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HISAKA Holdings Ltd
Machine parts maker Hisaka to raise $15 mln in Singapore IPO
SINGAPORE, April 28 - Singapore-based Hisaka Holdings, which makes machine components for the semiconductor and data storage industries, plans to raise around S$20.7 million in its Singapore listing.
The firm, which has factories in Singapore, Malaysia and China, is offering 90 million shares at S$0.23 each.
Provenance Capital Pte Ltd is the issue manager and UOB Kay Hian is the underwriter and placement agent for Hisaka's initial public offering.
SINGAPORE, April 28 - Singapore-based Hisaka Holdings, which makes machine components for the semiconductor and data storage industries, plans to raise around S$20.7 million in its Singapore listing.
The firm, which has factories in Singapore, Malaysia and China, is offering 90 million shares at S$0.23 each.
Provenance Capital Pte Ltd is the issue manager and UOB Kay Hian is the underwriter and placement agent for Hisaka's initial public offering.
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