Singapore
Wired Daily
Page 2
market expertise to the joint venture, while Kellogg will
contribute a portfolio of globally recognized brands and
products, along with deep cereal and snacks category
expertise.
Rotary Engineering is expected to record a net loss for
coming quarter and nine months ending 30 September
2012. Accordingly, the group is also expected to record a net
loss for FY12, mainly due to a project in Saudi Arabia, which
has experienced problems and resulted in the recognition of
additional cost that significantly impacted the gross margin.
Chasen Holdings had secured its first purified water (PWT)
and wastewater treatment (WWT) Transfer-Operate-Transfer
(TOT) project in Jilin Province, China. The total investment for
acquiring the 30 years concession rights for both plants is up
to RMB300m. The design capacity of the PWT plant is
200,000 cubic metres/day and 60,000 cubic metres/day for
the WWT plant. The PWT plant is expected to start operation
in stages by early 2013 and the WWT plant is expected to
start operation in stages by second quarter of 2013.
Consumer prices rose 3.9% y-o-y in August, faster than
consensus forecast of 3.6%. Inflation in August was the
lowest Singapore has seen since November 2010 after
edging down from July's 4%. Core inflation (excludes
accommodation and private road transport) fell to 2.2% in
August from 2.4% in July, due to slightly lower services
inflation. This was better than the 2.3% market had
expected. Accommodation cost inflation slowed to 7.4% y-oy
from 7.8% in July, as residential property rentals rose at a
more moderate pace. But private road transport cost inflation
accelerated to 6.3% from 5.9% in July, as a slower increase
in car prices was offset by a rebound in petrol prices.
Gross average monthly rentals in CBD locations such as
Marina Bay and Shenton Way, fell roughly 4% q-o-q in Q3.
Further out, in addresses such as Marina Centre (including
Suntec City and Millennia and Centennial towers), North
Bridge Road/Beach Road, Bras Basah and Orchard Road, rents
held pretty firm, according to DTZ. One reason is that the
fringe locations have a more diversified tenant profile; unlike
the tenant profile in Raffles Place and Marina Bay, where
more than half the occupiers are in banking and finance, the
sector feeling the most heat from the ongoing debt crisis in
Europe. Another reason is that the supply of new offices is
much tighter in the fringe areas than in the CBD.
US markets fell modestly with investors starting to shift
towards the sidelines following recent stock market gains
ahead of the upcoming 3Q results season, after US
bellwethers Federal Express and Caterpillar lowered their
earnings forecast. Meanwhile, Chancellor Angela Merkel and
French President Francois Hollande disagreed on a timetable
for starting joint oversight of Europe’s banking sector while
German business confidence unexpectedly fell in September.
Share Buy-Back
Source: SGX Masnet
Company D.O.T . Buy /Sell No.of shares S$/shr
Global Testing Corporation Ltd 24-Sep-12 Share Buy-Back 1,140,000 0.0650
Ho Bee Investment Limited 24-Sep-12 Share Buy-Back 200,000 1.4575
Hotung Investment Hldgs Ltd 24-Sep-12 Share Buy-Back 425,000 0.1472
Overseas-Chinese Banking Corp 24-Sep-12 Share Buy-Back 100,000 9.2700
Straco Corporation Limited 24-Sep-12 Share Buy-Back 80,000 0.2400
Viking Offshore and Marine Ltd 24-Sep-12 Share Buy-Back 150,000 0.1120
CDW Holding Limited 21-Sep-12 Share Buy-Back 141,000 0.0900
Cheung Woh Technologies Ltd 21-Sep-12 Share Buy-Back 233,000 0.1800
Global Testing Corporation Ltd 21-Sep-12 Share Buy-Back 300,000 0.0650
Hotung Investment Hldgs Ltd 21-Sep-12 Share Buy-Back 282,000 0.1450
Overseas-Chinese Banking Corp 21-Sep-12 Share Buy-Back 100,000 9.3500
San Teh Limited 21-Sep-12 Share Buy-Back 103,000 0.2900
Straco Corporation Limited 21-Sep-12 Share Buy-Back 237,000 0.2384
Cheung Woh Technologies Ltd 20-Sep-12 Share Buy-Back 76,000 0.1800
CSC Holdings Ltd 20-Sep-12 Share Buy-Back 200,000 0.1003
Global Testing Corporation Ltd 20-Sep-12 Share Buy-Back 118,000 0.0650
Hotung Investment Hldgs Ltd 20-Sep-12 Share Buy-Back 745,000 0.1441
Overseas-Chinese Banking Corp 20-Sep-12 Share Buy-Back 100,000 9.3100
CDW Holding Limited 19-Sep-12 Share Buy-Back 50,000 0.0880
Hotung Investment Hldgs Ltd 19-Sep-12 Share Buy-Back 916,000 0.1420
Hotung Investment Hldgs Ltd 19-Sep-12 Share Buy-Back 100,000 9.3500
Straco Corporation Limited 19-Sep-12 Share Buy-Back 250,000 0.2284
CDW Holding Limited 18-Sep-12 Share Buy-Back 200,000 0.0885
Global Testing Corporation Ltd 18-Sep-12 Share Buy-Back 270,000 0.0640
Overseas-Chinese Banking Corp 18-Sep-12 Share Buy-Back 100,000 9.3300