Singapore
Wired Daily
Page 2
(12% gain) and 2582 (22% gain) over months. Investors
may gain exposure to the SSEC through the iShares FTSE
A50 China Index (2823 HK).
Among the S-chips, Midas is a beneficiary of China’s
industry specific fiscal stimulus through expenditure on
railway projects. Technically, we maintain our view that the
stock should work its way higher to $0.48, which coincides
with the fundamental target price of $0.49.
TA Corporation has bought the entire business of Sino Tac
Resources - the sole distributor of BP motor oils and
lubricants in Singapore - for $2.8m, as part of the property
and construction group's strategy to widen its income base.
The Stock Exchange of Thailand is aiming to join Singapore
and Malaysia on the soon-to-be-launched Asean trading link
in October, according to SGX. SGX also sought to stress the
long-term benefits of the cross-border connection for all
market participants amid muted expectations for the link.
The trading link is slated to go live on Sept 18 with SGX and
Bursa Malaysia as the first two participating exchanges.
With Thailand on board, the three bourses will put about
US$1.5 trillion of market capitalisation available for direct
trading among investors in the three countries.
Total M&A deals from Singapore into Vietnam hit a record
high of US$72m this year, a more than three-fold increase
from the previous year's US$23m worth of deals. Vietnam's
12-month M&A activity from August 2011 to July 2012 saw
22 deals worth US$2.5bn. Singapore accounted for 9% of
the total deals in Vietnam and 3% of the total value of
corporate deals in Vietnam.
Chinese banks extended RMB703.9bn of new local-currency
loans in August, beating market expectations of RMB600bn.
The August lending data, which comes after the central
bank's recent interest rate cuts and quickening government
approvals for some infrastructure projects, also marked a
sharp increase from RMB540.1bn in July.
Share Buy-Back
Company D.O.T. Buy/Sell No.of shares S$/shr
Avi-Tech Electronics Limited 11-Sep-12 Share Buy-Back 250,000 0.0750
CDW Holdings 11-Sep-12 Share Buy-Back 350,000 0.0957
Food Empire Holdings 11-Sep-12 Share Buy-Back 43,000 0.4200
GK Goh Holdings 11-Sep-12 Share Buy-Back 41,000 0.7250
Global Testing Corporation 11-Sep-12 Share Buy-Back 865,000 0.0639
Overseas-Chinese Banking Corp 11-Sep-12 Share Buy-Back 100,000 9.3300
Viking Offshore and Marine Ltd 11-Sep-12 Share Buy-Back 20,000 0.1090
GK Goh Holdings 10-Sep-12 Share Buy-Back 87,000 0.7250
Pan-United Corporation Ltd 10-Sep-12 Share Buy-Back 100,000 0.6500
Global Testing Corporation 10-Sep-12 Share Buy-Back 907,000 0.0630
Overseas-Chinese Banking Corp 10-Sep-12 Share Buy-Back 100,000 9.3100
Avi-Tech Electronics Limited 10-Sep-12 Share Buy-Back 237,000 0.0750
CDW Holdings 10-Sep-12 Share Buy-Back 150,000 0.0940
HG Metal Manufacturing Ltd 10-Sep-12 Share Buy-Back 433,000 0.0830
Kinergy Ltd 07-Sep-12 Share Buy-Back 48,000 0.1750
Overseas-Chinese Banking Corp 07-Sep-12 Share Buy-Back 31,000 9.3300
GK Goh Holdings 07-Sep-12 Share Buy-Back 95,000 0.7250
CDW Holdings 07-Sep-12 Share Buy-Back 472,000 0.0934
Viking Offshore and Marine Ltd 07-Sep-12 Share Buy-Back 50,000 0.1090
Macquarie Int'l Infra Fund Ltd 07-Sep-12 Share Buy-Back 2,500,000 0.5300
Wee Hur Holdings 07-Sep-12 Share Buy-Back 442,000 0.2756
Sarin Technologies 07-Sep-12 Share Buy-Back 100,000 0.9000
CDW Holdings Limited 06-Sep-12 Share Buy-Back 162,000 0.0931
Overseas-Chinese Banking Corp 06-Sep-12 Share Buy-Back 87,000 9.1800
Avi-Tech Electronics Limited 06-Sep-12 Share Buy-Back 100,000 0.0750
Viking Offshore and Marine Ltd 06-Sep-12 Share Buy-Back 190,000 0.1080
Macquarie Int'l Infra Fund Ltd 06-Sep-12 Share Buy-Back 150,000 0.5300
Sarin Technologies 05-Sep-12 Share Buy-Back 100,000 0.9150
Singapore Press 05-Sep-12 Share Buy-Back 500,000 3.9600
Macquarie Int'l Infra Fund Ltd 05-Sep-12 Share Buy-Back 470,000 0.5300
KS Holdings 05-Sep-12 Share Buy-Back 107,000 0.2250
Overseas-Chinese Banking Corp 05-Sep-12 Share Buy-Back 100,000 9.1400
CDW Holdings 05-Sep-12 Share Buy-Back 100,000 0.0920
Global Testing Corporation 05-Sep-12 Share Buy-Back 554,000 0.0630
San TehLimited 05-Sep-12 Share Buy-Back 309,000 0.2900
Straco Corporation Limited 05-Sep-12 Share Buy-Back 10,000 0.2200
Viking Offshore and Marine Ltd 05-Sep-12 Share Buy-Back 30,000 0.1090
Source: SGX Masnet