DBS to advance in bid for SocGen’s Asian Private Bank
Final bids expected by end-November.
According to a report by Bloomberg, DBS Group Holdings Ltd. (DBS) is among banks that have advanced in bidding for Societe Generale (GLE) SA’s private banking assets in Asia, said three people with knowledge of the matter.
Societe Generale picked about five suitors to study the unit’s finances after they made initial offers, said one of the people, asking not to be named because the process is confidential. Final bids are expected by the end of November, according to two people, who didn’t identify the other companies. The division oversees about $13 billion.
SGX lifts designation of stocks in Asiasons, Blumont, LionGold
As trading has been stable.
In a release, Singapore Exchange (SGX) will end the designation of stocks in Asiasons Capital Limited (“Asiasons”), Blumont Group Ltd and its related securities (“Blumont”), and LionGold Corp Ltd and its related securities (“Liongold”) on Monday, 21 October 2013, at 8.30am. Trading in these stocks has since become more stable.
It is important for market forces to determine share prices in fair and orderly trading. The designation of the stocks and its ending are done in the interest of the investing public and the market.
SGX will continue to monitor closely the trading activities in the marketplace. The investing public is advised to trade with care and caution.
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Human beings have short memory for history. Trading at 9 or 8:30 start queuing, all jump in the pool hope to catch goldfishes.
Me....monitor first, no hurry. First is B follow by L and lastly A.
NOTIFICATION OF RESULTS RELEASE * FINANCIAL STATEMENT AND RELATED ANNOUNCEMENT
For the Financial Period Ended * 30-09-2013
Description
CapitaLand Limited wishes to announce that its financial results for the third quarter ended 30 September 2013 will be released before the start of trading on Thursday, 31 October 2013.
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Hover price same as last week 3.21. Me vested at 3.1 and hold on to my 200
next resistance 3.26
Rex restructures holdings in US investments, raises stake in company holding Trinidad & Tobago concession
Written by The Edge
Monday, 21 October 2013 08:57
Rex International Holding’s wholly-owned subsidiary, Rex US has entered into an agreement with Fram Exploration ASA to exchange Rex US’s 20% direct interest in Fram’s Colorado and North Dakota concessions into shares in Fram.
Meanwhile, the group says it is also acquiring a larger stake of 64.17% in the licence-holding company Caribbean Rex, instead of the initially stated stake of 51.99%.
Rex International will acquire the additional stake in Caribbean Rex from Fram for a consideration of US$3 million, by way of the issuance of new ordinary shares in the capital of Rex International.
Caribbean Rex holds three onshore exploration & production (E&P) licences in Trinidad & Tobago.
Courtesy of The Edge Singapore
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Back to phobia price 0.795
follow by 2nd resistance 0.82 ..... my holding price
Why Courts Asia is predicted to have a 'muted' 2Q14
Furniture sales in Singapore to slow down.
DBS expects results to be muted, on lower fuel subsidies in Malaysia and slower furniture and household equipment sales in Singapore.
Here's more:
We have therefore reduced sales psf expectations in Singapore and Malaysia; and hence lowered our FY14F/FY15F earnings forecast by 5%/2%.
Longer term, we expect demand in Malaysia to normalise when the market adapts to lower fuel subsidies. With higher housing completion in Singapore going forward, we remain positive on demand picking up.
Since Apr/May 2013, Courts’ share price has fallen 33% from a high of S$1.145 to S$0.77 currently. Courts now trades attractively at 10.0x FY14F PE, below average valuations of 11x and peer’s average of 14x.
Long-term trends continue to be in favour for Courts as a beneficiary of increasing population and housing trend in Singapore. It will also continue to benefit from the growing middle class and rising income trend of ASEAN consumers in Malaysia, and Indonesia from 2014.
ENOUNCEABLE NON-UNDERWRITTEN RIGHTS ISSUE OF UP TO 861,002,293 NEW ORDINARY SHARES (THE “RIGHTS SHARES”) IN THE CAPITAL OF BLUMONT GROUP LTD.(THE “COMPANY”) AT AN ISSUE PRICE OF S$0.05 FOR EACH RIGHTS SHARE, ON THE BASIS OF ONE
(1) RIGHTS SHARE FOR EVERY TWO
(2) ORDINARY SHARES IN THE CAPITAL OF THE COMPANY HELD BY SHAREHOLDERS OF THE COMPANY AS AT THE BOOKS CLOSURE DATE, FRACTIONAL ENTITLEMENTS TO BE DISREGARDED (THE “RIGHTS ISSUE”)
– LISTING AND QUOTATION OF RIGHTS SHARES
Unless otherwise defined, all terms used in this announcement shall bear the same meanings
ascribed to them in the offer information statement issued by the Company in connection with the
Rights Issue dated 25 September 2013 (the “Offer Information Statement”).
Further to the announcement by Blumont Group Ltd. (博诺有限公司) (the “Company”) dated 16
October 2013 on the results of the Rights Issue, the Board of Directors of the Company (“Board”) is
pleased to announce that 861,002,293 Rights Shares were allotted and issued today.
The Rights Shares allotted and issued to successful Entitled Depositors will be credited to their
respective Securities Accounts before 9.00 a.m. on 22 October 2013. The share certificates of
successful Entitled Scripholders have been despatched today.
:huh: The 861,002,293 Rights Shares will be listed and quoted on the Official List of the SGX-ST on 22 October 2013, and trading of the Rights Shares will commence with effect from 9.00 a.m. on the same date.
