Thursday, May 8, 2008
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。
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
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
Note:
1. Some of these videos have not been thoroughly investigated and may be explainable and due to conventional phenomena.
2. The videos are not sorted chronologically,but are displayed in order of date reported.
(The most recent reports on the top of the page.)
3. The videos are in Windows Media Format unless otherwise indicated.
(Some videos are animated GIF files.)
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.
Friday, May 2, 2008
新加坡股市收盘走高，受美国股市前夜强劲上涨推动
新加坡股市周五收盘走高；受美国股市前夜强劲上扬推动，投资者开始看涨新加坡股市大部分股票。
海峡时报指数收盘涨88.31点，至3236.10点，涨幅2.8%，收复了此前两个交易日的失地；该指数30只成份股中有26只收高。
市场有234只股票下跌，433只股票上涨。
成交量升至22.6亿股。
当地某经纪行一位交易员称，新加坡股市将从今晚公布的4月份美国非农就业数据中获取更多线索。
他说，如果该数据表现良好，海峡时报指数下周一甚至有望触及3250点。
海峡时报指数收盘涨88.31点，至3236.10点，涨幅2.8%，收复了此前两个交易日的失地；该指数30只成份股中有26只收高。
市场有234只股票下跌，433只股票上涨。
成交量升至22.6亿股。
当地某经纪行一位交易员称，新加坡股市将从今晚公布的4月份美国非农就业数据中获取更多线索。
他说，如果该数据表现良好，海峡时报指数下周一甚至有望触及3250点。
新加坡交易所前景仍不明了
新加坡交易所(Singapore Exchange Ltd.)的股价在过去6个月中已累计下跌了近一半，跌幅远远超过了该国股市的整体水平。
不过，很多分析人士认为该公司股票的下挫势头并没有结束。
这些分析人士建议投资者减持该公司股票，原因是他们认为全球经济放缓很可能会进一步侵蚀新加坡交易所的成交量，并使外国公司上市的步伐放缓，不利于扩大该交易所的吸引力。
新加坡交易所去年交易最为活跃时，日均成交量超过40亿新加坡元（合29亿美元）。眼下，日成交量通常介于14亿至19亿新元之间。
新加坡交易所股价4月份上涨了15%，周三涨1.5%，至8.59新元。不过，该股今年已累计下跌了36%，较去年10月8日创造的17.20新元的52周高点更是下跌了50%。
今年截至目前，海峡时报指数下挫了9.2%。美林公司(Merrill Lynch & Co.)的安德鲁•莫尔(Andrew Maule)在4月中旬的一份报告中写道，判断什么价位可以买进新加坡交易所股票无异于火中取栗。他将该股评级定为“卖出”，12个月目标价为5新元，较周三收盘价低42%。
BNP Paribas Securities的Ng Wee Siang对该股的评级也为“卖出”，12个月目标价为5.70新元。一些分析人士表示，至少在短期内，新加坡交易所规模更大的区域竞争对手香港交易及结算所有限公司(Hong Kong Exchanges & Clearing Ltd.)的股价可能会为那些希望投资亚洲证券交易所的投资者带来更大价值。
在亚太地区上市的证券交易所中，香港交易所市值最高，其次为新加坡交易所，澳大利亚交易所位居第三。
据Thomson One Analytics估计，香港交易所的市值为223亿美元，新加坡交易所为67亿美元，澳交所为57亿美元。虽然香港交易所的股价今年已累计下挫了28%，但BNP Paribas预测其股本收益率今年将超过新加坡交易所；该公司预测，新加坡交易所的股本收益率为51%，香港交易所为83%。据Thomson One Analytics的数据，新加坡交易所股票2008年预期市盈率为20.14倍，低于香港交易所的26.18倍，与纽约泛欧交易所集团(NYSE Euronext)和Nasdaq OMX Group等世界其他交易所的水平相当。
新加坡交易所大约有50%的收入来自于新加坡公司的股票交易和上市费。另有25%来自于外国公司、跨国房地产投资信托和上市交易基金的上市费。剩下的25%来自于期权和合约等衍生产品的交易费。
分析人士说，衍生品领域的增长帮助抵消了一部分证券市场的低迷。新加坡交易所一直努力吸引中国公司在此上市，但至今尚未取得明显进展。虽然该交易所也有数十家中国公司上市，但规模较提振了香港股市的大型首次公开募股比起来相去甚远。
在2006年，在新加坡新上市的63家公司中有24家是中国公司。去年，66家中有31家来自中国。
2008年第一季度，共有11家公司在新加坡交易所上市，其中4家来自中国大陆。新加坡交易所首席执行长谢福华说，他预计中国公司的上市速度在2008年将有所放缓。分析师认为，眼下全球范围内公司上市速度减缓的市场状况可能使新加坡交易所今年吸引的公司数量低于去年。
野村证券公司(Nomura Securities)驻马来西亚分析师阿纳德•帕斯马克森(Anand Pathmakanthan)说，新加坡交易所今年或许可以吸引到40家公司在这里上市，其中可能有35%-40%是中国公司。他对新加坡交易所的评级是“卖出”，12个月目标价为7新元。大福资料研究(Tai Fook Research)驻香港Paul Lee说，新加坡交易所之前没能吸引到中国的大型石油及银行企业来此上市，而这些企业能够引来投资者，特别是来自富裕的中东地区的投资者。
当亚洲或西方经济增速放缓的时候，这些投资者有助于稳定交易量。而且，中东投资者只投资于知名的中国公司，而这些公司一般只在香港上市。
在截至3月31日的第三财季中，新加坡交易所实现净利润1.015亿新元，是四个财季以来盈利水平最低的，较第二财季下降了17%。不过，它的衍生品交易收入实现增长，抵消了证券市场收入的小幅下降，第三财季收益较上年同期增长了14%。当季收入也从上年同期的1.573亿新元增长至1.733亿新元，增幅10%。
花旗集团(Citigroup)预计，在截至6月30日的本财年中，新加坡交易所的净利润将增加43%，至4.45亿新元，但是预计下一财年的收益将下降24%，至3.37亿新元。
不过，一些分析师看好新加坡交易所的长期发展前景。他们指出，这家公司在努力削减成本，引进了新的衍生品工具，并且和其他股票市场建立了合作关系。JP摩根(J.P. Morgan)的分析师哈石•瓦德汉•默迪(Harsh Wardhan Modi)认为，最后这项举措有助于降低新加坡交易所收入的波动性，并拓宽产品系列和地域业务范围。他对新加坡交易所的评级为“买进”，12个月目标价为10新元，比周三收盘价高16%。
新加坡交易所最近收购了新加坡商品交易所(Singapore Commodities Exchange)，以进一步发展其商品交易平台。它还与台湾期货交易所(Taiwan Futures Exchange)、胡志明市证券交易中心(Ho Chi Minh City Securities Trading Center)以及阿布扎比证券市场(Abu Dhabi Securities Market)等证交所签署了合作协议。
一些分析人士认为，长期来看，这将有助于新加坡交易所拓宽其收入基础。
不过，很多分析人士认为该公司股票的下挫势头并没有结束。
这些分析人士建议投资者减持该公司股票，原因是他们认为全球经济放缓很可能会进一步侵蚀新加坡交易所的成交量，并使外国公司上市的步伐放缓，不利于扩大该交易所的吸引力。
新加坡交易所去年交易最为活跃时，日均成交量超过40亿新加坡元（合29亿美元）。眼下，日成交量通常介于14亿至19亿新元之间。
新加坡交易所股价4月份上涨了15%，周三涨1.5%，至8.59新元。不过，该股今年已累计下跌了36%，较去年10月8日创造的17.20新元的52周高点更是下跌了50%。
今年截至目前，海峡时报指数下挫了9.2%。美林公司(Merrill Lynch & Co.)的安德鲁•莫尔(Andrew Maule)在4月中旬的一份报告中写道，判断什么价位可以买进新加坡交易所股票无异于火中取栗。他将该股评级定为“卖出”，12个月目标价为5新元，较周三收盘价低42%。
BNP Paribas Securities的Ng Wee Siang对该股的评级也为“卖出”，12个月目标价为5.70新元。一些分析人士表示，至少在短期内，新加坡交易所规模更大的区域竞争对手香港交易及结算所有限公司(Hong Kong Exchanges & Clearing Ltd.)的股价可能会为那些希望投资亚洲证券交易所的投资者带来更大价值。
在亚太地区上市的证券交易所中，香港交易所市值最高，其次为新加坡交易所，澳大利亚交易所位居第三。
据Thomson One Analytics估计，香港交易所的市值为223亿美元，新加坡交易所为67亿美元，澳交所为57亿美元。虽然香港交易所的股价今年已累计下挫了28%，但BNP Paribas预测其股本收益率今年将超过新加坡交易所；该公司预测，新加坡交易所的股本收益率为51%，香港交易所为83%。据Thomson One Analytics的数据，新加坡交易所股票2008年预期市盈率为20.14倍，低于香港交易所的26.18倍，与纽约泛欧交易所集团(NYSE Euronext)和Nasdaq OMX Group等世界其他交易所的水平相当。
新加坡交易所大约有50%的收入来自于新加坡公司的股票交易和上市费。另有25%来自于外国公司、跨国房地产投资信托和上市交易基金的上市费。剩下的25%来自于期权和合约等衍生产品的交易费。
分析人士说，衍生品领域的增长帮助抵消了一部分证券市场的低迷。新加坡交易所一直努力吸引中国公司在此上市，但至今尚未取得明显进展。虽然该交易所也有数十家中国公司上市，但规模较提振了香港股市的大型首次公开募股比起来相去甚远。
在2006年，在新加坡新上市的63家公司中有24家是中国公司。去年，66家中有31家来自中国。
2008年第一季度，共有11家公司在新加坡交易所上市，其中4家来自中国大陆。新加坡交易所首席执行长谢福华说，他预计中国公司的上市速度在2008年将有所放缓。分析师认为，眼下全球范围内公司上市速度减缓的市场状况可能使新加坡交易所今年吸引的公司数量低于去年。
野村证券公司(Nomura Securities)驻马来西亚分析师阿纳德•帕斯马克森(Anand Pathmakanthan)说，新加坡交易所今年或许可以吸引到40家公司在这里上市，其中可能有35%-40%是中国公司。他对新加坡交易所的评级是“卖出”，12个月目标价为7新元。大福资料研究(Tai Fook Research)驻香港Paul Lee说，新加坡交易所之前没能吸引到中国的大型石油及银行企业来此上市，而这些企业能够引来投资者，特别是来自富裕的中东地区的投资者。
当亚洲或西方经济增速放缓的时候，这些投资者有助于稳定交易量。而且，中东投资者只投资于知名的中国公司，而这些公司一般只在香港上市。
在截至3月31日的第三财季中，新加坡交易所实现净利润1.015亿新元，是四个财季以来盈利水平最低的，较第二财季下降了17%。不过，它的衍生品交易收入实现增长，抵消了证券市场收入的小幅下降，第三财季收益较上年同期增长了14%。当季收入也从上年同期的1.573亿新元增长至1.733亿新元，增幅10%。
花旗集团(Citigroup)预计，在截至6月30日的本财年中，新加坡交易所的净利润将增加43%，至4.45亿新元，但是预计下一财年的收益将下降24%，至3.37亿新元。
不过，一些分析师看好新加坡交易所的长期发展前景。他们指出，这家公司在努力削减成本，引进了新的衍生品工具，并且和其他股票市场建立了合作关系。JP摩根(J.P. Morgan)的分析师哈石•瓦德汉•默迪(Harsh Wardhan Modi)认为，最后这项举措有助于降低新加坡交易所收入的波动性，并拓宽产品系列和地域业务范围。他对新加坡交易所的评级为“买进”，12个月目标价为10新元，比周三收盘价高16%。
新加坡交易所最近收购了新加坡商品交易所(Singapore Commodities Exchange)，以进一步发展其商品交易平台。它还与台湾期货交易所(Taiwan Futures Exchange)、胡志明市证券交易中心(Ho Chi Minh City Securities Trading Center)以及阿布扎比证券市场(Abu Dhabi Securities Market)等证交所签署了合作协议。
一些分析人士认为，长期来看，这将有助于新加坡交易所拓宽其收入基础。
美国股市午盘延续涨势，受美元走强及油价回落推动
美国股市周四后市全线上扬，美元上涨及油价走低促使投资者抛售能源和材料类股，转而买入消费类股。
美元周四的上涨源于最新公布的消费者支出报告，该报告显示3月份消费者支出增长0.4%，升幅较预期高出一倍。
此外，4月份的ISM制造业指数降幅也小于预期，尽管该数据显示制造业活动仍在萎缩。
消费类股是标准普尔500指数成份股中表现最佳的类股。
标准普尔500指数涨19点，至1404点。
纳斯达克综合指数涨56点，至2469点，涨幅2.3%。
道琼斯工业股票平均价格指数涨168点，至12989点，涨幅1.3%。
石油巨头埃克森美孚(Exxon Mobil)在道琼斯指数成份股中跌幅居前，该股下挫3.9%，至88.41美元。
该公司此前公布第一财季实现净利润108.9亿美元，合每股收益2.03美元，未达到分析师预期的2.14美元。
纽约商交所原油期货最新跌2.50美元，至每桶110.96美元。
投资者买进了那些此前因油价上涨而下跌的股票。数只交通运输股走高，其中包括美利坚航空公司(American Airlines)的母公司AMR，该股上涨12%，至9.82美元。
美元周四的上涨源于最新公布的消费者支出报告，该报告显示3月份消费者支出增长0.4%，升幅较预期高出一倍。
此外，4月份的ISM制造业指数降幅也小于预期，尽管该数据显示制造业活动仍在萎缩。
消费类股是标准普尔500指数成份股中表现最佳的类股。
标准普尔500指数涨19点，至1404点。
纳斯达克综合指数涨56点，至2469点，涨幅2.3%。
道琼斯工业股票平均价格指数涨168点，至12989点，涨幅1.3%。
石油巨头埃克森美孚(Exxon Mobil)在道琼斯指数成份股中跌幅居前，该股下挫3.9%，至88.41美元。
该公司此前公布第一财季实现净利润108.9亿美元，合每股收益2.03美元，未达到分析师预期的2.14美元。
纽约商交所原油期货最新跌2.50美元，至每桶110.96美元。
投资者买进了那些此前因油价上涨而下跌的股票。数只交通运输股走高，其中包括美利坚航空公司(American Airlines)的母公司AMR，该股上涨12%，至9.82美元。
Thursday, May 1, 2008
丽星邮轮(0678.HK)或上涨；售两邮轮获益用于减债
丽星邮轮(0678.HK)出售资产获益用于减债，或可带动股价上扬。
公司宣布以总代价约29.6亿港元出售两艘邮轮，并且于交付后租回，以作调配航程；估计今次交易可带来收益约6.5亿港元，所得资金将用于削减债务及物色新商机。
丽星在3月初公布，伙拍菲律宾上市公司 Alliance Global Group在菲律宾发帚酒店及赌场综合项目。
丽星周三(23日)收报1.61港元，升2.5%，成交增18%至22.3万股。
道琼斯通讯社/香港记者 朱嘉蒂
公司宣布以总代价约29.6亿港元出售两艘邮轮，并且于交付后租回，以作调配航程；估计今次交易可带来收益约6.5亿港元，所得资金将用于削减债务及物色新商机。
丽星在3月初公布，伙拍菲律宾上市公司 Alliance Global Group在菲律宾发帚酒店及赌场综合项目。
丽星周三(23日)收报1.61港元，升2.5%，成交增18%至22.3万股。
道琼斯通讯社/香港记者 朱嘉蒂
新加坡股市收盘走低，市场等待Fed利率决定及美国GDP数据
新加坡股市周三收盘走低，原因是在美国联邦储备委员会(Federal Reserve, 简称Fed)利率决定及美国第一季度国内生产总值(GDP)初步数据公布前，投资者不愿贸然行动。
新加坡金融市场周四将因假日休市，周五恢复交易。
海峡时报指数收盘跌24.57点，至3147.79点，跌幅0.8%；该指数30只成份股中有21只下挫，市场有319只股票下跌，272只股票上涨。
市场成交量仍然较低，仅为13亿股，周二成交量约为12亿股。
新加坡金融市场周四将因假日休市，周五恢复交易。
海峡时报指数收盘跌24.57点，至3147.79点，跌幅0.8%；该指数30只成份股中有21只下挫，市场有319只股票下跌，272只股票上涨。
市场成交量仍然较低，仅为13亿股，周二成交量约为12亿股。
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