As part of its plans to speed up its growth and gain market visibility, China Fibretech (CF) launched an initial public offering (IPO) to net proceeds of $16.3m.
High materials costs continue to pose a challenge, but IRL appears to be controlling this with gross profit margin of 42% in 1Q08 as compared to 36% in 1Q07. However we remain cautious on the impact of higher materials costs, in particular steel and copper.
However, as mentioned earlier on, a rebound could come anytime and investors should make use of this opportunity to take some profit unless the macro trend shows signs of turning and the DJIA makes a dash past 12,000.
When the subprime mortgage crisis broke out last year in the US, the Federal Reserve took bold steps in reducing Fed funds rate in order to bolster the economy. The results of the rate cut, however, remain muted amid unresolved problems within the US economy.
After all, the manufacturer of marine sterngear equipment recently shrugged off all volatilities surrounding the local bourse to become the first to successfully list on SGX Catalist, marking a new chapter of growth for the company.
With the Fed expected to keep rates on hold for the foreseeable future and with the European Central Bank expected to approve another rate hike next week, another US$10 assault could be in sight if the dollar hits new lows.
For this issue, we have conducted an exclusive interview with Glenndle Sim, CEO of Mencast Holdings, a leading manufacturer of marine sterngear equipment that is poised to ride on the growth of the buoyant offshore oil and gas and marine industry.
CapitaLand Limited has acquired approximately 61.9% of the total retail strata area or 510,418 square feet as well as the car parks of Sungei Wang Plaza located in Kuala Lumpur, Malaysia, at a property purchase price of approximately RM595m (approximately $250m) through an asset securitisation structure.
A warrant is a form of financial derivative that entitles the holder to buy/sell shares of the company that issued it at a specified price.
Hyflux, with Hyflux Water Trust (HWT), jointly announced the first portfolio of qualifying projects earmarked for potential injection into HWT.
