Boustead Singapore expects lower earnings for FY2018

OIL and gas worries and a challenging Singapore industrial real estate market might continue to affect earnings at technology and engineering group Boustead Singapore.
SPOTLIGHT

Singapore construction's future in an alphabet soup

BIM. VDC. PBU. PPVC. DFMA. MET. The acronyms are flying thick and fast as Singapore's construction industry gets drastically reshaped...

One-off gains boost Boustead Singapore Q4 net profit to S$9.2m

ONE-OFF gains resulted in technology and engineering group Boustead Singapore reporting a net profit of S$9.2 million for its fourth quarter ended March 31, 2017, more than double from S$4.1 million a year ago.
HOCK LOCK SIEW

When investors sell businesses on the cheap

INVESTORS are not supposed to sell businesses for free. That happens when they sell their shares for only the net cash on the company's balance sheet, or less...

Hot stock: Noble up for second day running

BELEAGUERED commodities trader Noble Group has rebounded for the second day running.

ASL Marine posts S$11.7m loss for Q3

SHIPBUILDER and vessel charterer ASL Marine reported an S$11.7 million loss for its third quarter ended March 31, 2017, from a net profit of S$1.3 million a year ago.
MONDAY MULTIPLE

Investing, come what May

MAY is the season of spring, of hope, when a long winter fades and green leaves begin appearing on bare branches.
TOPLINE

Giving precision its name

DEEP inside an industrial building in Kaki Bukit is a S$500,000 machine that is used just to drill microscopic holes in metal pieces - holes that even strands of hair are too large to go through.
INSIDE VIEW

Uncertainty vanishes with Macron win

After the May 7 French presidential election resulted in a resounding victory for the market's candidate of choice, Emmanuel Macron, financial markets celebrated as one of the biggest fears of the year - a Marine Le Pen victory - fell away...

The International

THE first thing Takumi Shibata did upon taking the top job at Nikko Asset Management (Nikko AM) in 2013 was to meet every single employee working in the Japanese asset manager's Tokyo headquarters, all 500 of them. He met some of them one on one. Meetings in groups of five or eight proved the...

China skincare glow rubs off on Best World

VORACIOUS appetite for its premium skincare line in China led to beauty products distributor Best World International posting what analysts called a glowing set of results for the first three months ended March 31, 2017.

China sales drive Best World's Q1 net profit up 63% to S$9.7m

BEAUTY products distributor Best World International reported a net profit of S$9.7 million for the first quarter ended March 31, 2017, up 63 per cent from S$6 million a year ago.

Pan-United to spin off China ports business in HK listing

RIDING on a wave of improved sentiment around the world and in China, Pan-United Corporation said on Wednesday that it will spin off its profitable China river ports business and list it in Hong Kong as Xinghua Port Holdings.

Pan-United to split off ports business to Hong Kong, raise S$60.9m from rights issue

CONCRETE supplier Pan-United Corporation, which also owns two ports in China, is proposing to split off its ports business and raise up to S$60.9 million from a rights issue to pay off port-related debt.

130 units at Redhill's Artra sold over the weekend

SOME 130 units in Artra, a 400-unit condo next to Redhill MRT station, were sold over the weekend.

Amundi cool to Asian emerging market bonds

ACROSS emerging markets, Asian bonds are not as attractive as their higher-yielding counterparts in Latin America and Turkey, said Abbas Ameli-Renani, global emerging markets strategist at French asset manager Amundi.
MONDAY MULTIPLE

Kudos to the serious shareholder

AN altercation over a long-winded but dogged investor at the Pan-United annual general meeting (AGM) last Wednesday turned into one of the more edifying meetings I've attended at the company in years...

Government will take lead to ensure jobs: PM Lee

HARD work is required to achieve economic growth in Singapore and help workers stay employed, and the government will take the lead, said Prime Minister Lee Hsien Loong in his 2017 May Day message.

Valuations up, China Sunsine no longer ponders delisting

WITH its shares at a historic high, S-chip China Sunsine is no longer thinking about delisting from the Singapore Exchange (SGX), said chief executive officer Liu Jing Fu.

Economy improving but in transition: PM Lee

THE global economy as well as Singapore faces an improving but mixed outlook, said Prime Minister Lee Hsien Loong in his 2017 May Day message.
BUSINESSMAN OF THE YEAR

The growth imperative

BEING just a market player is not good enough for Jebsen & Jessen (SEA) chairman Heinrich Jessen, 49, who oversees an industrial conglomerate generating more than S$1 billion of revenues a year.
HOCK LOCK SIEW

Will Reits continue to return 10% a year?

NO question about it: real estate investment trusts (Reits) are performing astonishingly well on the Singapore Exchange (SGX).

BlackRock fund manager leans towards bonds

EVEN though economic fundamentals have improved in the past year, BlackRock multi-asset fund manager Justin Christofel remains cautious as some data such as US car sales growth has been losing steam while recently released inflation and retail sales data has also been slightly weak.

Healthcare, semiconductor companies looking attractive this year: RHB

COMPANIES in the healthcare and semiconductor sectors are especially attractive this year, said Jarick Seet, head of Singapore small and mid caps at RHB Research Institute, as he unveiled 25 picks at a book launch.

Not too late to board investment train

JUST half a year ago, global financial markets were going nowhere, fretting over the prospect of businessman Donald Trump becoming US president.