A year has flown by since Catalist-listed Travelite Holdings (Travelite) made its debut on the Singapore Exchange. During this period, investors and analysts who had their radar locked on the company were few and far between, as evident by its slim trading volume.
The broad market is generally trading without a fixed direction with the Straits Times Index (STI) gyrating in a tight range. There is no special reason for this phenomenon, as I believe that it is typical of a mid-bear phase for the market to be behaving this way.
Mainboard-listed Tat Hong Holdings (Tat Hong), one of the world’s largest crane company announced its FY08 results ended 31 March 2008. Tat Hong is principally engaged in 4 core activities – rental of cranes, rental of general equipment, sale of cranes and other heavy equipment.
If history is a good guide, then the leading steel stockist in Singapore and Southeast Asia can certainly be counted on to deliver the goods. Listed in 2002, HG has reported 5 straight years of commendable growth.
Surging oil prices finally discovered gravity. The price of black gold has stumbled of late amidst growing indications that demand is poised to decline due to the slowing US economy as well as cutbacks on fuel subsidies in various countries, which could limit wants.
