Singapore
Wired Daily
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We expect gross margins from this project to be around
10% target margins for offshore projects. Chinese yards,
plagued by a dry spell for shipbuilding orders, are turning
towards the offshore sector to keep their yards utilized.
With this project, total YTD order win is US$1.45b, on track
to meet our assumed order wins of US$2b. The group
remains under pressure to top its gross order book of
US$6.1b, given persistent weak outlook in the shipbuilding
industry. Maintain Fully Valued and TP of S$0.88.
Global Logistic Properties has signed a strategic partnership
agreement with Haier Group, the world’s leading home
appliances solutions provider, to develop a state-of-the-art
logistics network for the distribution of household
appliances across China. The partnership will combine GLP’s
leading national platform and solutions with Haier’s strong
market presence. The result will be an expanded customer
base for GLP within the home appliance distribution
industry and further supply chain optimization for Haier.
Vashion Group is placing 900m new shares at an issue price
of S$0.01 per Placement Share for a consideration of
S$4.5m. The issue price represents a premium of 100% to
the volume weighted average price of S$0.005. The
estimated net proceeds of approximately S$8.95m will be
mainly used for business expansion, through acquisitions
and/or investments in new companies and/or capital
expenditure.
Share Buy-Back
Company D.O.T. Buy/Sell No.of shares S$/shr
GK Goh Holdings 10-Sep-12 Share Buy-Back 87,000 0.7250
Pan-United Corporation Ltd 10-Sep-12 Share Buy-Back 100,000 0.6500
Global Testing Corporation 10-Sep-12 Share Buy-Back 907,000 0.0630
Overseas-Chinese Banking Corp 10-Sep-12 Share Buy-Back 100,000 9.3100
Avi-Tech Electronics Limited 10-Sep-12 Share Buy-Back 237,000 0.0750
CDW Holdings 10-Sep-12 Share Buy-Back 150,000 0.0940
HG Metal Manufacturing Ltd 10-Sep-12 Share Buy-Back 433,000 0.0830
Kinergy Ltd 07-Sep-12 Share Buy-Back 48,000 0.1750
Overseas-Chinese Banking Corp 07-Sep-12 Share Buy-Back 31,000 9.3300
GK Goh Holdings 07-Sep-12 Share Buy-Back 95,000 0.7250
CDW Holdings 07-Sep-12 Share Buy-Back 472,000 0.0934
Viking Offshore and Marine Ltd 07-Sep-12 Share Buy-Back 50,000 0.1090
Macquarie Int'l Infra Fund Ltd 07-Sep-12 Share Buy-Back 2,500,000 0.5300
Wee Hur Holdings 07-Sep-12 Share Buy-Back 442,000 0.2756
Sarin Technologies 07-Sep-12 Share Buy-Back 100,000 0.9000
CDW Holdings Limited 06-Sep-12 Share Buy-Back 162,000 0.0931
Overseas-Chinese Banking Corp 06-Sep-12 Share Buy-Back 87,000 9.1800
Avi-Tech Electronics Limited 06-Sep-12 Share Buy-Back 100,000 0.0750
Viking Offshore and Marine Ltd 06-Sep-12 Share Buy-Back 190,000 0.1080
Macquarie Int'l Infra Fund Ltd 06-Sep-12 Share Buy-Back 150,000 0.5300
Sarin Technologies 05-Sep-12 Share Buy-Back 100,000 0.9150
Singapore Press 05-Sep-12 Share Buy-Back 500,000 3.9600
Macquarie Int'l Infra Fund Ltd 05-Sep-12 Share Buy-Back 470,000 0.5300
KS Holdings 05-Sep-12 Share Buy-Back 107,000 0.2250
Overseas-Chinese Banking Corp 05-Sep-12 Share Buy-Back 100,000 9.1400
CDW Holdings 05-Sep-12 Share Buy-Back 100,000 0.0920
Global Testing Corporation 05-Sep-12 Share Buy-Back 554,000 0.0630
San TehLimited 05-Sep-12 Share Buy-Back 309,000 0.2900
Straco Corporation Limited 05-Sep-12 Share Buy-Back 10,000 0.2200
Viking Offshore and Marine Ltd 05-Sep-12 Share Buy-Back 30,000 0.1090
Sarin Technologies 04-Sep-12 Share Buy-Back 88,000 0.9200
Macquarie Int'l Infra Fund Ltd 04-Sep-12 Share Buy-Back 3,000,00 0.5300
Viking Offshore and Marine Ltd 04-Sep-12 Share Buy-Back 30,000 0.1080
Second Chance Properties Ltd 04-Sep-12 Share Buy-Back 551,000 0.3950
Overseas-Chinese Banking Corp 04-Sep-12 Share Buy-Back 100,000 9.2200
CDW Holding Limited 04-Sep-12 Share Buy-Back 20,000 0.0920
Source: SGX Masnet