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Global Economy
Thailand to kick start $61 bil economic revamp before polls
BANGKOK (Sept 28): Thailand’s military government is looking to start construction of projects under a 1.5 trillion baht ($61.2 billion) investment plan before the country’s possible return to democracy late next year.
September 28, 2017
Broker's Calls
This stock is well-placed to benefit from Indonesia’s gas-to-power initiative
SINGAPORE (Sept 13): OCBC Investment Research is maintaining its “buy” call on Keppel Corporation at a fair value estimate of $7.36 on the notion that it is well positioned to benefit from opportunities in Indonesia’s small-scale liquefied natural g
September 13, 2017
Broker's Calls
CAO primed to achieve greater heights on China’s burgeoning tourism market: Maybank KE
SINGAPORE (Sept 6): Maybank Kim Eng says it likes China Aviation Oil (CAO) as one of the largest jet fuel physical traders in the Asia Pacific (APAC) region, the group’s strategy for the expansion of its core China jet fuel supply business, as well as i
September 06, 2017
Broker's Calls
UOB Kay Hian initiates coverage on NetLink at ‘buy’ with 93 cent price target
SINGAPORE (Aug 31): UOB Kay Hian has initiated coverage on NetLink NBN Trust with a “buy” and target price of 93 cents, which implies an annualised distribution yield of 5.2% and 6% of the research house’s projects for FY18 and FY19, respectively.
August 31, 2017
Results
Civmec sees FY17 earnings halve to $8.4 mil on lower revenue
SINGAPORE (Aug 22): Civmec, the integrated construction and engineering services provider, announced earnings of $8.4 million for the full year ended June, down by half from the $17.4 million reported in FY16 on lower revenue.
August 22, 2017
China Focus
China crackdown hasn’t ended its foreign buying spree
HONG KONG (Aug 16): China’s government has sent shudders through investors and executives this year by cracking down on the nation’s biggest corporates and their record foreign shopping spree.
August 16, 2017
Results
Hock Lian Seng 1H17 earnings tumble to $2.5 mil on absence of JV profit
SINGAPORE (Aug 3): Civil engineering group Hock Lian Seng earnings for 1H17 ended June declined to $2.5 million compared to $12.5 million in 1H16 on the absence of joint venture profits in the previous year.
August 03, 2017
Aviation & Engineering
Singapore and Hong Kong’s airport dominance is under threat
SINGAPORE (July 27): For decades, Singapore and Hong Kong have reigned supreme: as key transit points connecting travelers in Asia to and from the rest of the world. But now, a US$1 trillion global airport spree is threatening the status quo.
July 27, 2017
Building a ‘Smart Nation’ in Singapore doesn't come cheap
SINGAPORE (July 12): Schooling isn't cheap in Singapore: not just for citizens, but for the government too.
July 12, 2017
Broker's Calls
Keppel headed in the right direction despite ‘sluggish’ O&M contributions: RHB
SINGAPORE (June 30): RHB is maintaining its “buy” call on local conglomerate Keppel Corporation with a lower target price of $7.34 compared to $7.55 previously, after adjusting its discount rate and valuation for Keppel Land, Keppel Capital, and the o
June 30, 2017