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construction
Sunpower announces $8.5 mil EPC contract win in China
SINGAPORE (Jan 2): Sunpower Group’s wholly-owned subsidiary, Jiangsu Sunpower Technology, has secured an RMB41.5 million ($8.5 million) engineering, procurement & construction (EPC) contract from Xinjiang GCL New Energy Material Technology, a subsidiary
January 02, 2018
Singapore economy
Singapore economy grew by 3.1% in 4Q: MTI advance estimates
SINGAPORE (Jan 2): Singapore’s economy grew by 3.1% on-year over 4Q17, easing from the 5.4% growth reported in the previous quarter, according to the latest advance estimates from the Ministry of Trade and Industry (MTI).
January 02, 2018
Global Markets
Singapore among Asian economies set for robust export growth in 2018: HSBC
SINGAPORE (Dec 18): HSBC Global Research has revised its export forecasts upwards for Asia – especially for more trade-dependent economies such as Singapore, Malaysia, Korea, Taiwan and Thailand – given the region’s strong growth numbers over 2H17,
December 18, 2017
Singapore economy
Singapore economy forecast to grow by 3.3% for 2017: MAS survey
SINGAPORE (Dec 13): Singapore’s economy grew stronger than expected in 3Q17, according to latest data from the Monetary Authority of Singapore (MAS).
December 13, 2017
Investing strategies
Move over tech. Here come Southeast Asia’s builders
SINGAPORE (Dec 7): With at least US$323 billion in infrastructure spending in the pipeline in Southeast Asia and potentially more expected over the next few years, 2018 could well shape up as the year of builders’ stocks from Indonesia to the Philippine
December 07, 2017
Broker's Calls
This cash-rich infrastructure stock may see its earnings double in FY18
SINGAPORE (Dec 6): DBS Vickers Securities expects construction company Hock Lian Seng to see a near-doubling of earnings in FY18 to $27 million from $13.8 million in FY17 on the back of strengthening order book momentum.
December 06, 2017
Property
Hupsteel to redevelop Genting Lane property for $9.3 mil
SINGAPORE (Dec 5): Hupsteel is redeveloping a Genting Lane freehold property it owns into an eight-storey industrial building, with elevated car parks with a gross floor area (GFA) of 5,259 sq m, for an estimated cost of $9.3 million which represents 5.9%
December 05, 2017
Yoma awards contracts worth $538 mil to build Yoma Central & The Peninsula Yangon
SINGAPORE (Nov 29): Yoma Strategic Holdings has engaged two construction companies to build Yoma Central and The Peninsula Yangon, both of which sit on a 10-acre site in Yangon with a combined contract value of over US$400 million ($538 million).
November 29, 2017
Civmec to participate in construction of Australia's new offshore patrol vessels
SINGAPORE (Nov 24): Civmec, the multi-disciplinary construction and engineering services provider, will be engaged in Australia’s upcoming A$4 billion ($4.1 billion) project to construct offshore patrol vessels (OPVs) as part of the country’s efforts
November 24, 2017
Broker's Calls
How joint acquisitions & projects are proving advantageous for KSH Holdings
SINGAPORE (Nov 16): OCBC Investment Research is maintaining its “hold” call on KSH Holdings with a higher fair value estimate of 79 cents after updating its valuation model for the latest results and assumptions.
November 16, 2017