Singapore
Wired Daily
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Yanlord Land achieved Rmb1.31bn sales in August,
touching the high end of expectations, with 71% of sales
target locked-in. With new launches in Nanjing, Tianjin and
Shanghai, our analyst believes Yanlord’s September sales
will be decent. For September-December, monthly sales of
Rmb866m would be enough to meet the sales target (vs its
YTD average monthly sales of Rmb1.1bn). Maintain HOLD,
TP S$1.24.
Mr Oei Hong Leong has become a substantial shareholder
of private education provider Raffles Education. Mr Oei
bought 11.55m shares in an open market purchase at 32.6
cents apiece, raising his direct 3.51% stake to 4.86%.
Including a deemed stake of 1.28%, his holding is now
6.14%.
World Precision recently secured three orders with an
aggregate value of RMB10.0m to deliver 28 units of mid-tohigh
end stamping machines to home appliance and auto
sectors. The group believes that the recent order wins were
a result of the various economic stimulus measures by
China’s central and provincial governments.
GuocoLand has sold about 40 units or 10% of the total 381
units in its freehold Leedon Residence condo in the Holland
Road area, according to Business Times. It began a private
preview of the project in mid-August at an average price of
$2,000 psf. The developer is not offering any discount or
stamp duty absorption.
US markets rose after Germany’s constitutional court cleared
the way for the ESM. Investors also bet that the FED will
announce further stimulus at tonight’s FOMC meeting. Still, we
note that financial markets have been pricing in the possibility
of more QE in recent weeks – i.e. little upside surprise factor.
Share Buy-Back
Company D.O.T. Buy/Sell No.of shares S$/shr
CDW Holdings 12-Sep-12 Share Buy-Back 200,000 0.0960
GK Goh Holdings 12-Sep-12 Share Buy-Back 135,000 0.7300
Global Testing Corporation 12-Sep-12 Share Buy-Back 363,000 0.0641
Overseas-Chinese Banking Corp 12-Sep-12 Share Buy-Back 100,000 9.3600
Viking Offshore and Marine Ltd 12-Sep-12 Share Buy-Back 513,000 0.1100
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
Source: SGX Masnet