Singapore
Wired Daily
Page 2
ChinaVision Media Group is expected to record a profit
for 1H12 as compared with a loss for 1H11, primarily
attributable to significant improvement in the financial
performance of the Group’s media related businesses
resulted from, in particular, the substantial increase in the
turnover and gross profit from the television and film
business and gain from the disposal of an associate and
an intangible asset.
China Haida’s 1H12 net financial results are expected to
be affected due to lower sales and in particular, lower
gross profit margin attributed to the lower selling prices
of aluminium panels in the highly competitive markets.
China Great Land Holdings is expected to record a
significant loss for HY2012 as a result of: (a) continued
slowdown in Hainan construction market in the first year
of 2012, leading to low margins for the Group’s products
and construction contracts; (b) persistently high costs of
production, attributed mainly to high fuel costs, raw
material prices and increasing of direct labour costs; and
(c) high cost of financing.
EMS Energy expects to report a loss for 1H2012 as a
result of lower sales revenue, increase in logistics costs,
costs incurred on extra work sites and subcontractor costs
due to limitations of its space at its EMS Energy Solutions
business segment resulting in lower overall gross profits.
Sinotel Technologies is expected to record a net loss for
2Q12 and the net profit for 1H12 is expected to be
substantially lower than that of the corresponding period
last year. This is mainly due to the increase in the
subcontractor costs and the costs incurred in facilitating
the initial certification of the completion for the projects.
Global air traffic demand continued to slow amid
weakness in business and consumer confidence. The
latest data released by the International Air Transport
Association (Iata) shows that demand for air travel in June
expanded by 6.2% y-o-y. Capacity grew by a much more
cautious 4.5%, leaving load factors at 81%. Iata added
that while this appears to be a healthy growth rate, the
growth trend since early 2012 has seen a slowdown.
China’s non-manufacturing industries expanded at a
slower pace in July as new orders and outlooks for future
business slipped. The Purchasing Managers' Index (PMI)
fell to 55.6 from 56.7 in June. The report showed the
slowdown in China's exports and industrial production
may be spreading to services, which would add pressure
on Premier Wen Jiabao to introduce more measures to
stem the slide.
Share Buy-Back
SGX Masnet
Company D.O.T. Buy/Sell No.of shares S$/shr
Overseas-Chinese Banking Corp 03-Aug-12 Share Buy-Back 100,000 9.4000
Second Chance Properties Ltd 03-Aug-12 Share Buy-Back 3,512,000 0.3770
Overseas-Chinese Banking Corp 02-Aug-12 Share Buy-Back 200,000 9.5100
Ho Bee Investment Limited 30-Jul-12 Share Buy-Back 400,000 1.2200
Ho Bee Investment Limited 27-Jul-12 Share Buy-Back 300,000 1.2167
Ho Bee Investment Limited 26-Jul-12 Share Buy-Back 394,000 1.2150
AEM Holdings Ltd 25-Jul-12 Share Buy-Back 2,500,000 0.0850
HG Metal Manufacturing Ltd 25-Jul-12 Share Buy-Back 20,000 0.0820
Ho Bee Investment Limited 25-Jul-12 Share Buy-Back 426,000 1.2138
Ho Bee Investment Limited 24-Jul-12 Share Buy-Back 563,000 1.2094
San Teh Limited 24-Jul-12 Share Buy-Back 242,000 0.2900
CNA Group Ltd 23-Jul-12 Share Buy-Back 25,000 0.1076
HG Metal Manufacturing Ltd 23-Jul-12 Share Buy-Back 1,071,000 0.0829
Ho Bee Investment Limited 23-Jul-12 Share Buy-Back 450,000 1.2094