How are you managing your portfolio now? SGXcafe will do it for you intelligently.
Sign up for free now!

Market

Trending

Here's why SingTel's earnings will inch just a tad up

10 Aug 2012 - Singapore Business Review
Income is expected to rise by a measly 6% to S$920m. According to Barclays, SingTel is due to report its 1Q FY13 earnings on Tuesday, 14 August. "We estimate recurring profit at S$920mn (up 6% y/y) and operating EBITDA at S$1.28bn (flat y/y)." Here's more from Barclays: The S$/A$ cross-rate approximated ...
Z74

Chart of the Day: New stores to boost hiring in retail

10 Aug 2012 - Singapore Business Review
Survey shows firms within the retail industry expect to increase recruitment during the third quarter due to new shops opening. The Singapore Department of Statistics reported: Overall, a net weighted balance of 7% of firms in the services sector forecasts growth in operating receipts for the third quarter ...

Singapore to struggle with one of the highest inflation rates in Southeast Asia

10 Aug 2012 - Singapore Business Review
Singapore will be home to the weakest growth, says DBS. Here's more from DBS: In addition, this year is proving to be a difficult year for the economy and a tricky one for policy makers. In contrast to past years, Singapore will be home to the weakest growth and one of the highest inflation rates in ...

Singapore economy contracts by 0.7% in 2Q12

10 Aug 2012 - Singapore Business Review
This translates to a 2% expansion - a sharp pullback in growth compared to a 9.5% expansion in 1Q12. Here's more from DBS: Final GDP figures for 2Q12 announced this morning saw the economy contract by 0.7% QoQ saar. That translates into a 2% YoY expansion. This is an upward revision from a 1.1% QoQ saar ...

StarHub to increase its LTE roll-out

10 Aug 2012 - Singapore Business Review
Cash capex is then expected to be 11% of its operating revenue. Here's more from OCBC: Previous guidance largely unchanged Going forward, StarHub has maintained its previous guidance for the rest of the year, with revenue expected to grow in the low single-digit range. It has also kept service EBITDA ...
CC3

Singapore's services sector dips 0.6% in 2Q12

10 Aug 2012 - Singapore Business Review
Guess which sector is expected to provide modest support to growth? According to OCBC, the pull-back in growth was mainly due to decline in externally-oriented sectors such as electronics manufacturing, wholesale trade and tourism-related sectors. Here's more from OCBC: Manufacturing contracted 0.5% ...

5 reasons why drillships is top choice over semi-subs

10 Aug 2012 - Singapore Business Review
Drillers seem to prefer drillships over semi-subs as evident from recent order activities. Nomura investigated the seeming preference drillers have shown for drillships over semi-subs as evident from the vigorous order activity for drillships over semis. Steep cost decline stimulating drillship orders ...

Venture Corp suffers waning customer loyalty

10 Aug 2012 - Singapore Business Review
The 19.9% profit fall sees a slower recovery in 2H as there is less visibility from customers. According to OCBC, Venture management highlighted that it was more difficult to get a firmer visibility from customers, although there would still be new product launches, mainly from networking and communications, ...

Here's why offshore companies don't freak out amid economic crisis

10 Aug 2012 - Singapore Business Review
Offshore drillers reveal that exploration and development activities remain robust. Nomura released an analysis of rig utilisation and dayrates, capacity availability going forward and management commentary from offshore drillers which showed that exploration and development activity, especially in deepwater, ...

SingTel subsidiary's earnings 37% below consensus expectations

10 Aug 2012 - Singapore Business Review
Bharti's net profit was hurt by rising competition and expenses. Here's more from DBS: Bharti hurt by rising competition with net profits 37% below expectations. 1Q12 profit of Rs.7.6bn (-37% y-o-y and -34% q-o-q) was 37% below consensus expectations of Rp12.15bn due to a sharp decline in EBITDA margins ...
Z74