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Archive for June, 2013

CIMB Starts Nam Cheong At Outperform, S$0.35 Targe…

CIMB Starts Nam Cheong At Outperform, S$0.35 Target ~ DJ Market Talk

SingTel, Yoma lose out on Myanmar bids Norway’s Telenor and Qatar’s Ooredoo outbid nine others to win the licences

SingTel, Yoma lose out on Myanmar bids Norway's Telenor and Qatar's Ooredoo outbid nine others to win the licences

By Kenneth Lim

"Moving on: SingTel says it remains 'committed to support Myanmar in its developments'.

SINGAPORE-LISTED companies Singapore Telecommunications (SingTel) and Yoma Strategic Holdings have been shut out of two highly sought mobile licences in Myanmar that the authorities awarded yesterday.

Norway's Telenor and Qatar's Ooredoo beat out nine other bids to take the licences, wire services reported. France's Telecom-Orange, with Japan's Marubeni Corp, was named as a reserve, in case negotiations between Telenor or Ooredoo and the Myanmar authorities fall through.

This is the first time that Myanmar is opening mobile telco licences to foreign players.

SingTel, which had been seen as a frontrunner by market observers, was in a consortium with Myanmar's KBZ Group and Myanmar Telephone Co."

~ Source: Reuters

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Daily Market Summary 28th Jun 2013

Daily Market Summary 28th Jun 2013

US Stocks rise as Fed step up campaign to stem increase in rates. Blmberg DJ +0.77% to 15024. S&P +0.62% to 1613. Nasdaq +0.76% to 3401.

Nikkei Market +1.19% as at 8:27am. Blmberg

Norway's Telenor, Qatar Telecom Get Myanmar Telecom Licenses. DJ

Chemoil subsidiary signs US$800m syndicated banking facilities. SGX

CosmoSteel entered into MOU of potential strategic business relationship in Myanmar. SGX

Freight Links Express FY13 net profit +19.1% to $38.4m. SGX

Popular FY13 net profit -25.2% to $23.3m. SGX

XMH 4Q13 net profit +21.6% to $3.5m. SGX


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