The Business Times, 5 January 2016

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Total Pages: 24
1 24 The Business Times
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  • Title Section
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    22 1 THE BUSINESS TIMES S$1.00 A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg @BTBreakingnews CO REGN NO *****2868E MCI (P) 039/08/2015 Tuesday, January 5, 2016
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  • Article
    Lock icon MARKETS
    27 1 Monday Change STI 2,835.97 -46.76 KL Comp 1,653.37 -39.14 Nikkei 225 18,450.98 -582.73 Hang Seng 21,327.12 -587.28 Shenzhen B 1,238.44 -70.92 Dow (10:45 EST) 17,018.65 -406.38
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  • Article, Illustration
    Lock icon DAILY DIGEST
    219 1 The Singapore Institute of Directors says that the SingPost special audit should include areas such as the composition of its board, the functioning of its exco and CEO succession. TOP STORIES 2 Bank of Japan governor Haruhiko Kuroda declares that the central bank would “do whatever it takes”
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  • Article, Illustration
    Lock icon Unhappy New Year as markets plunge
    789 1  -  Retail investor panic in China and Saudi-Iran tensions take their toll across the globe By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore MARKETS plunged on the first trading day of the new year, led by a 7 per cent crash in China stocks that halted trading
    PHOTO: AFP  -  789 words
  • Article
    Lock icon SIA returns to table with better offer for Tiger
    802 1  -  Offer now up 10% from before at 45 Singapore cents per share; SIAS thankful for revised offer By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore SINGAPORE Airlines (SIA) appears to be meeting Tiger Airways’ long-term shareholders halfway as it tabled a revised offer
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      6 1 8 "*****1 *****4 THE BUSINESS TIMES
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      12 1 RECIPE FOR CHANGE Elsie’s Kitchen rebrands with innovation and automation SME 24
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      38 1 KEPPEL CORP Conglomerate builds ‘new muscles’ amid headwinds, says CEO COMPANIES MARKETS 7 HDB Resale prices inch up 0.2% in Q4 REAL ESTATE 13 Jittery markets: More reports, Page 4 Saudi Arabia cuts ties with Iran, Page 19
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      76 1 SINGAPORE ECONOMY Fourth-quarter advance growth figure brings some cheer TOP STORIES 2 PROPERTY Private home prices in Q4 register smallest drop in more than two years TOP STORIES 2 Will the AEC live up to its potential promise? Industry experts weigh in with their thoughts, and what they are doing
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  • TOP STORIES
    • Article, Illustration
      Lock icon Q4 advance growth figure brings some cheer
      879 2  -  2% expansion beats economists’ average forecast, brings S’pore’s full-year growth to 2.1%; but hurdles remain for key manufacturing, services sectors By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore THE Singapore economy seems to have headed for a sweet denouement in an otherwise dreary 2015, but
      Source: Ministry of Trade and Industry; Source: Singapore Institute of Purchasing & Materials Management  -  879 words
    • Article
      Lock icon Private home prices in Q4 register smallest drop in more than two years
      919 2  -  The 0.5 per cent fall in URA flash price index for private homes in Q4 brings the year’s fall to 3.7 per cent By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore PRIVATE home prices registered the smallest quarterly decline
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    • Article
      Lock icon SID calls for SingPost special audit to go beyond specific lapse
      448 2  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore AHEAD of Singapore Post’s impending corporate-governance special audit, a professional body for board directors here has called for the scope of the audit to go beyond just investigating SingPost’s recently admitted failure to
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    • Article, Illustration
      Lock icon China’s two-speed economy stays intact
      649 2 Beijing CHINA’S economic rebalancing remained intact as the first economic reports of 2016 signalled that manufacturing weakened for a fifth straight month, the longest such streak since 2009, while a gauge of services rose to the highest level in more than a year. The official
      PHOTO: BLOOMBERG  -  649 words
    • Article, Illustration
      Lock icon Amid fresh market unrest, BOJ says it’s set to ease further
      703 4  -  Premier Abe pledges government’s support for the move as global stock and currency markets dive JITTERY MARKETS By Anthony Rowley btworld@sph.com.sg Tokyo IN what has been seen as a move to brace Japan against impending market shocks from China
      PHOTO: BLOOMBERG  -  703 words
    • Article
      Lock icon Malaysian stocks and ringgit take cue from regional markets
      613 4  -  By Pauline Ng btworld@sph.com.sg Kuala Lumpur STOCK market and currency falls on the first trading day didn’t make for the best of starts to 2016, and analysts are forecasting a bleak year for Malaysia, especially with the ringgit projected to shrink
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    • Article, Illustration
      Lock icon Oil surges at start of 2016 trading on Saudi Arabia, Iran tensions
      560 4 REUTERS Singapore OIL prices surged during the start of 2016 trading as relations between top crude producers Saudi Arabia and Iran deteriorated, raising concerns about potential supply disruptions, though weak Asian manufacturing data kept a lid on bullish
      REUTERS; PHOTO: BLOOMBERG  -  560 words
    • Article
      Lock icon GIC forms JV targeting US$1.4b student housing portfolio
      256 5  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore GIC on Monday said that it plans to, together with joint venture partners, buy a student housing portfolio in the United States that is worth about US$1.4 billion. GIC, the Canada Pension Plan Investment Board (CPPIB)
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    • Article, Illustration
      Lock icon Logistics sector gets boost with Kuehne+Nagel facility, new JTC hub
      682 5  -  Upcoming hub will help players reduce land needs, cut transport costs and encourage data sharing By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore THE Singapore logistics sector got another boost on Monday with the unveiling of two major projects, one just completed
      PHOTO: ALPHONSUS CHERN/THE STRAITS TIMES  -  682 words
    • Article
      Lock icon Singapore, Malaysia mulling over 2 high-speed rail services
      153 5 Singapore SINGAPORE and Malaysia are exploring the use of two different services on the cross-border high-speed rail (HSR) network between Singapore and Kuala Lumpur, said a ChannelNewsAsia report (CNA) on Monday. Citing a response from Singapore’s Ministry of Transport, CNA reported that
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      116 4 The SME Magazine coming to you with your copy of The Business Times tomorrow! IN THIS ISSUE CLASS ACT AT MDIS: Passion drives secretary-general R Theyvendran and the board, where every dollar earned is reinvested into the school’s infrastructure, curriculum development and expansion plans. ONE BLOC: ASEAN Economic Community how
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  • Page 5 Advertisements
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      149 5 SINGAPOREAN OFTHEYEAR2015 SHORTLISTED FINALISTS Peter Ho From space planes to exo-skeleton suits, the futuristic inventions of “Singapore’s Iron Man” Peter Ho have put the country on the world map for technological innovation. Noriza A Mansor When others shunned an old man who had soiled himself, Noriza stepped up to help
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      256 5 FUTURE I I t I I i II I t s CHINA ADVANCED LEADERS PROGRAMME EMPOWERING EUTIJRE LEADERS WITH CHINA-READY SKILLS Join the Programme and get up to 50% grant r L “The Future China Advanced Leaders Programme is very comprehensive. Through this Programme, I was able to understand the
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon KLW suspends shares, must find new sponsor by March 31
      473 6  -  Door maker says incoming sponsor still doing due diligence By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore AS if a police investigation and potential listing-rule breaches were not challenging enough, investors in Catal-ist-listed KLW Holdings welcomed the new year with a trading
      Source: ShareInvestor.com  -  473 words
    • Article
      Lock icon Singapore companies clock further progress in paying their bills in Q4
      490 6  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore LOCAL firms improved their payment performance in the last three months of 2015 for the third straight quarter, with overall prompt payments coming close to a two-year high and improvements seen in the
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    • Article, Illustration
      Lock icon Insurance cost of natural disasters down in 2015 at US$27b: Munich Re
      492 6 REUTERS Frankfurt INSURANCE claims from natural disasters such as storms and earthquakes fell to US$27 billion in 2015 as the overall cost of natural catastrophes dropped to its lowest level since 2009, reinsurer Munich Re said on Monday.
      REUTERS; PHOTO: AFP  -  492 words
    • Article
      Lock icon New World Development said to be making 2nd bid to take China unit private
      288 6 REUTERS Hong Kong REAL estate developer New World Development Co Ltd plans to make an offer to take its 69 per cent-owned China property unit private, in a deal that could be worth US$2.1 billion, Bloomberg
      REUTERS  -  288 words
    • Article
      Lock icon Different paths for watch-list firms that seek Catalist transfer
      466 6  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore THE Singapore Exchange (SGX) on Monday sketched out the different paths for mainboard companies that are seeking to transfer to the Catalist board including those to be placed on the watch-list because they do not
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    • Article
      Lock icon Yoma gets long-awaited lease extension for landmark hotel project
      332 6  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore THE long wait for Yoma Strategic Holdings is over the firm has secured the lease extension until 2048 for its landmark hotel project at the former headquarters of the Myanmar Railway Company. The group said
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    • Article, Illustration
      Lock icon Keppel Corp builds ‘new muscles’ amid headwinds
      594 7  -  Conglomerate adopts multi-business and diversification approach for long-term sustainable growth By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore KEPPEL Corporation's chief executive officer Loh Chin Hua in his year-end staff address played up a multi-busi-ness strategy and diversification beyond “selling homes and rigs” as
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    • Article
      Lock icon Midas JV clinches 1.28b yuan rail contract
      262 7  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore MIDAS Holdings’ joint-venture company Nanjing SR Puzhen Rail Transport Co (NPRT) has landed a metro train contract worth about 1.28 billion yuan (S$279 million) for the Guiyang Rail Transit Line 1. NPRT is a Sino-foreign joint venture
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    • Article
      Lock icon ST Marine bags orders worth S$344m in fourth quarter
      166 7  -  By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore SINGAPORE Technologies Engineering said its marine arm, Singapore Technologies Marine, has secured new orders worth S$344 million for its shiprepair and engineering businesses in the fourth quarter of 2015. The contracts are for major
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    • CORPORATE DIGEST
      • Article
        Lock icon Cacola Furniture International
        59 7 CACOLA Furniture International, which is facing potential delisting, said on Monday that its chief executive officer, Zhou Zhuo Lin, has resigned. It said in a separate regulatory announcement that the reason for the resignation was “retirement”. No replacement was named. Cacola is currently on the SGX watch-list
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      • Article
        Lock icon Ley Choon Group Holdings
        58 7 LEY CHOON Group Holdings said on Monday that its subsidiary, Chin Kuan Engineering and Contractors Pte Ltd, has been awarded a tender for a contract worth approximately S$7 million by the Public Utilities Board. The contract is for watermain repairs and other contract work “in relation
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      • Article
        Lock icon Li Heng Chemical Fibre Tech
        41 7 LI HENG Chemical Fibre Technologies on Monday said it has appointed Xandar Capital Pte Ltd as the independent financial adviser, after its major shareholders offered to take the nylon fibre maker private at S$1 a share.
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    • Article, Illustration
      Lock icon STI / Catalist
      63 8 STI Catalist Straits Times index Jan 4,2016 2,835.97 -46.76 (-1.62%) Current streak 3 days Day high 2,890.21 Day low 2,824.94 52-week high 3,539.95 (Apr 15, 2015) 52-week low 2,787.94 (Sept 9, 2015) ftse ST Catalist index Jan 4,2016 495.32 -1.29 (-0.26%) Current streak 5 days Day high 498.77 Day low
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    • Article
      Lock icon GAINERS
      73 8 BY CENTS CLOSE UP 52w high/low SPDR DJIA US$ ***** 432.4 1.8 *****/***** GLD US$ ***** 162.1 1.1 *****/***** DBXT S&PShort US$ 2164 69.7 2.3 2393/2086 Hyflux 6% CPS ***** 30.0 0.3 *****/***** HongkongLand USD 710 14.2 1.4 880/640 BY PERCENTAGE CLOSE UP 52w high/low Vashion 0.2 100.0 0.1
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    • Article
      Lock icon LOSERS
      80 8 BY CENTS CLOSE DOWN 52w high/low DBXT E50 US$ 4521 -207.7 -3.1 5300/4350 DBXT MSKorea US$ 4958 -197.7 -2.7 6246/4478 DBXT MSTaiwan US$ 1812 -159.3 -5.8 2392/1788 DBXT China50 US$ 2834 -139.4 -3.3 4258/2750 Lyxor ChinaH US$ 1298 -128.0 -6.5 2055/1250 BY PERCENTAGE CLOSE DOWN 52w high/low DBS MB
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    • Article
      Lock icon UNUSUAL ACTIVITY
      84 8 VOL CLOSE($) CHANGE Nico Steel 50.0 0.081 +0.020 +32.79 Elektromotive 35,600.3 0.003 +0.001 +50.00 Hiap Tong 190.0 0.071 -0.011 -13.42 Global Tech 31,929.2 0.066 +0.015 +29.41 China Sports 47,832.0 0.014 -0.006 -30.00 Ossia Intl 116.7 0.200 +0.010 +5.26 CMC Infocomm 311.2 0.079 -0.021 -21.00 Terratech 54,486.0 0.070 +0.010
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    • Article, Illustration
      Lock icon China’s 7% crash sparks selling in S’pore
      635 8  -  ST Index opens 2016 with loss of 46.8 points or 1.6%, in line with regional markets’ performance STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT AFTER the Straits Times Index (STI) dropped 14.3 per cent in 2015 amid ever-weakening liquidity, there were hopes albeit faint
      Source: Bloomberg  -  635 words
    • Article
      Lock icon STI STOCKS
      303 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 225 -3 228/224 271 213 6.5 5910.2 CapitaLand 329 -6 336/325 379 267 12.1 2.7 *****.1 CapitaMall Trust 191 -2 193.5/190.5 228 184.5 5.7 6637.8 CityDev 768 +3 769/750 1095 695 9.2
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    • Article
      Lock icon MOST ACTIVE
      33 8 VOLUME CSC W*****9 112,495,000 Terratech 54,486,000 ChinaSports 47,832,000 StratechGroup 44,045,800 Elektromotive 35,600,300 Market volume 1,266,242,000 VALUE Singtel 85,860,225 DBS Grp 77,051,724 UOB 60,953,416 OCBC Bank 55,339,020 CapitaLand 47,119,146 Market value 858,269,000
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Jan 4 VALUE CLOSE BT OB/OS 49.00 -166.00 BT CADI -*****.00 -125.00 BT 10-day MA -*****.00 +4.00 FTSE ST Mid Cap 664.03 -3.50 FTSE ST Small Cap 400.69 -2.82 FTSE ST All Share 686.41 -8.57 FTSE ST China Top 169.59 -2.23 FTSE ST China 207.94 -1.02 FTSE
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    • Article
      Lock icon SGX ETFs
      112 8 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 290 -5 665 295/288 355/280 289/290 IS MS INDIA US$ US666 -4 172 683/666 1000/639 665/668 83.3 DBXT MSRussia US$ US164 -3 135 165/163 235/155 160/161 ABF SG Bond ETF 114 xd -1.5 85
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      34 8 STI FTSE ST All-Share FTSE ST All-Share index Jan 4,2016 686.41 -8.57 (-1.23%) Current streak 2 days Day high 696.96 Day low 684.32 52-week high 847.98 (Apr 15, 2015) 52-week low 676.13 (Sept 29,2015)
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      Lock icon STI / MSCI EAFE
      33 8 STI MSCI EAFE MSCI EAFE index Dec 31,2015 1,716.28 -11.19 (-0.65%) Current streak 2 days Day high 1,731.54 Day low 1,716.28 52-week high 1,949.49 (May 15, 2015) 52-week low 1,609.50 (Sept 9, 2015)
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 2 10 4 0 1 0 2 11 4 Manufacturing 32 45 31 4 11 7 36 56 38 Commerce 9 28 9 5 2 7 14 30 16 Tpt/Stor/Comms 6 23 7
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      125 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 10,899 2,501 13,400 40,381 780 41,161 Manufacturing 142,753 62,301 205,054 70,046 1,513 71,559 Commerce 77,366 24,597 101,963 62,254 977 63,231 Tpt/Stor/Comms 104,291 410 104,701 158,923 32 158,956 Finance 18,806 10 18,816 209,080 1 209,082 Construction
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    • BROKERS’ TAKE
      • Article
        Lock icon Singapore market
        242 8 KGI Fraser, Jan 4 2015 had not been a good year for most investors, with the Straits Times Index (STI) shedding 14.3 per cent. While the year started firm with the European quantitative easing, we saw risk sentiments deteriorate in the second half after the devaluation of the
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      • Article
        Lock icon Triyards Holdings | Buy
        171 8 Triyards Holdings Buy Jan 4 close: S$0.44 Target price: S$0.61 OCBC Investment Research, Jan 4 Triyards Holdings recently announced that it has clinched NT$716 million (about S$30.8 million) of new contracts to build two oil barges for a new customer, CPC Corporation (Taiwanese state-owned oil and gas company). Recall that
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      • Article
        Lock icon Keppel Corp | Buy
        129 8  - Keppel Corp Buy Compiled by Claire Huang Jan 4 close: S$6.41 Target price: S$10.00 RHB Research Institute Singapore, Jan 4 Keppel Corp announced S$125 million in new contracts for its offshore division as well as a share swap with private developer Mapletree, which sees it consolidate its ownership in Keppel
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    • Article
      Lock icon China sell-off sends yen, Swiss franc soaring
      508 9 CURRENCIES REUTERS London THE dollar sank to an 11-week low against the yen on Monday, hit by a renewed stock market sell-off in China that sent traders running for the traditional security of the Japanese currency and the Swiss franc. Even if a
      REUTERS  -  508 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 Jan 4 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.004 4.695 0.660 5.586 47.955 100.220 0.857 8.561 3.123 1.066 75.560 33.933 1.025 11.249 0.717 23.832 26.044 0.488 0.721 Canada 0.996 4.674
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        Lock icon INTERBANK CURRENCY RATES
        155 9 Jan 4 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0249 1.0256 0.7206 0.7209 Canadian dollar 1.0204 1.0210 0.7177 0.7175 Euro 1.5539 1.5546 1.0925 1.0928 NZ dollar 0.9613 0.9621 0.6759 0.6763 Sterling pound 2.0992 2.0999 1.4759 1.4761
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        Lock icon US$/S$ FORWARD RATES
        22 9 Jan 4 S$ Bid Offer 1-month 1.4238 1.4243 2-months 1.4251 1.4258 3-months 1.4264 1.4271 6-months 1.4295 1.4305 Source: OCBC
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      • Article, Illustration
        Lock icon HANG SENG
        2 9
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        Lock icon SHANGHAI COMPOSITE
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        Lock icon NIKKEI
        1 9
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        Lock icon DOW JONES
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        392 9 Jan 4 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Jan16 *****.00 *****.00 9717.50 9730.00 *****1 *****0 Feb16 *****.00 *****.00 9622.50 9650.00 3741 348 NIKKEI 225 INDEX FUTURES Mar16 *****.00 *****.00 *****.00 *****.00 *****9 *****7 Jun16 *****.00 *****.00 *****.00 *****.00 342 678 MSCI TAIWAN
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        204 9 Most active Jan 4 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left CSC Holdings W*****9 0.4 -*****5 1 1 8 3.25 59 UOB MB eCW*****4 11.5 -2.7 6970 0.1 2030 6 Rowsley Ltd W*****3 2.9 unch 5658 1 18
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        365 9 In local curr In S$ In US$ dy yr dy yr dy yr Dec 31 Index Change Change Change Change Change Change World Preliminary 1281.9 -0.4 0.5 -0.3 4.5 -0.5 -2.4 EAFE Preliminary 1013.4 -0.3 2.7 -0.4 3.5 -0.6 -3.3 Europe Preliminary 1412.6 -0.4 2.2
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 9 Jan 4 $S Offer Bid 0vernight 0.10 Par 1-month 1.0 0.875 2-months 1.125 1.0 3-months 1.1875 1.0625 Overnight mode: 0.50 US$ Offer Bid 7 days 0.45 0.35 1 month 0.48 0.38 2 months 0.60 0.40 3 months 0.70 0.50 6 months 0.90 0.70 9 months 1.05 0.85 12
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      • Article
        Lock icon GOVERNMENT SECURITIES
        69 9 Jan 4 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0F 1.375 01-Oct-17 100.56 100.67 100.53 5-Year N*****0S 2.000 01-Jul-20 100.35 100.50 100.45 10-Year NX*****Z 2.375 01-Jun-25 98.34 98.41 97.70 15-Year NZ*****F 2.875 01-Sep-30 100.12 100.18 99.30 20-Year NZ*****V 3.375 01-Sep-33 106.44
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 9 Dec-31 Price Net change change Last Trade Agricultural Dec-31 CBOT Soybeans (US cents/bu) 871.25 -4.25 -0.49% 14/01/2016 CBOT Soybean Oil (US cents/lb) 30.55 -0.29 -0.94% 14/01/2016 CBOT Wheat (US cents/bu) 470.00 0.25 0.05% 14/03/2016 Dec-31 LIFFE Cocoa (£/tonne) 2262.00 11.00 0.49% 14/03/2016 LIFFE Coffee (US$/tonne) 1491.00 15.00 1.02%
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    • Article
      Lock icon SGX MAINBOARD
      1601 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Last vol Day Div GrYld Net 153 131.5 AIMSAMP Cap Reit 138 +0.5 71 139 136.5 1 8 875.8 High 175.5 109 ARA Asset Mgmt 116 -1.5 459 118.5 116
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    • Article
      Lock icon SGX CATALIST
      287 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale Vol (’000) 1 0.3 t Advanced Systems 0.4 unch 204 0.4 0.4 10.5 Day Low Div C'vr GrYld Net P/E MCap 35 10 t 3Cnergy 10.2 29.5 18
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    • Article
      Lock icon SGX ETF
      157 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter 163 103.6 CIMB APAC Div S$D 108 +2 2 108 108 Sale 1440 991 CIMBASEAN40 S$D 1137 +1 0 1143 1137 1043 700 CIMBASEAN40 US$ US773 -22 0 780 773
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      44 7 Solar Factory Outlet We are seeking investors to develop Singapore's largest solar retailer. Startup company Solar Factory Outlet Pte Ltd supplies and installs affordable solar energy systems for homes and buildings. I Investors and buying clients are welcome. Email to: solar@sfo.com.sg Call: 9117 9543
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      Lock icon Page 7 Advertisements Column 2
      148 7 in Singapore Source: Nielsen 1999-2011 (Jan -Mar) CL 0X0 WINNER SG50 IPOS Trade Mark Awards Wwmm s Our heartfelt thanks for making us one of your favourite brands for the past 50 years. Your love has propelled us to be one of the only 5 brands in Singapore to be
      148 words
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  • Page 10 Advertisements
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      80 10 SGX== SGX My Gateway Stay informed about Singapore's stock market with regular market updates, research reports and corporate actions. Sign up on sgx.com/mygateway now. Singapore Exchange 9 This advertisement has been published for general circulation only. It is not an offer or solicitation to buy or sell, nor financial advice
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  • Page 11 Advertisements
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      Lock icon Page 11 Advertisements Column 1
      9539 11 THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF NOTEHOLDERS. If Noteholders (as defined below) are in doubt about any aspect of the Proposal (as defined below) and/or the action they should take, they should seek their own independent professional advice immediately from their stockbroker, bank manager, solicitor, accountant
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  • Page 12 Advertisements
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      Lock icon Page 12 Advertisements Column 1
      3459 12 o FRASER AND NEAVE, LIMITED (COMPANY REGISTRATION NO. *****0001R) (INCORPORATED IN SINGAPORE) NOTICE OF ANNUAL GENERAL MEETING Date Friday, 29 January 2016 Place Ballrooms II and III Level 2, InterContinental Singapore 80 Middle Road Singapore *****6 NOTICE IS HEREBY GIVEN that the 117 th Annual General Meeting of FRASER AND
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      Lock icon Page 12 Advertisements Column 2
      1160 12 NOTICES Alceda Fund Management S.A. 5, Heienhaff, L-1736 Senningerberg R.C.S. Luxembourg B-*****6 Notification to the unitholders of AC with its Sub-funds AC Risk Parity 7 Fund AC Risk Parity 12 Fund AC Risk Parity 17 Fund Unitholders of the “AC” fund (the “Fund”), a fund under Part I of the
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  • REAL ESTATE
    • Article, Illustration
      Lock icon HDB resale prices inch up 0.2% in Q4
      638 13  -  Latest data brings full year change to a 1.5% decline, shows signs of stabilisation after 2014’s 6% contraction By Lee Meixian leemx@sph.com.sg @LeeMeixianBT AFTER nine months of decline, public housing resale prices in Singapore rose 0.2 per cent in the fourth quarter
      Source: HDB  -  638 words
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      Lock icon Best that property investors in Asia can hope for is a soft landing
      531 13  -  Australia may yet be able to prevent a housing collapse but Hong Kong has failed to contain speculative fervour By Andy Mukherjee BLOOMBERG Singapore REAL estate in Singapore just finished a second ho-hum year, with home prices
      BLOOMBERG; FILE PHOTO  -  531 words
    • Article
      Lock icon Sydney home prices record worst quarter in 4 years
      482 13 BLOOMBERG Sydney SYDNEY home prices fell for the second consecutive month and recorded the worst quarter in four years as a regulatory crackdown pushed up mortgage rates and dented affordability amid record prices. Home values in Australia’s largest city dropped 1.2
      BLOOMBERG  -  482 words
    • Article
      Lock icon China wants migrant workers to buy vacant homes
      650 13 REUTERS Beijing RATTLED by the potential economic fallout from millions of unsold homes, China wants migrant workers to buy properties in smaller cities and ease the burden on a real estate sector that makes up about 15 per cent of the country’s
      REUTERS  -  650 words
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon Pimco overweight on Indian bonds
      761 14 Plunging oil prices, stable rupee and India’s limited exposure to China keep investors bullish BLOOMBERG Mumbai RUPEE sovereign bonds, Asia’s best performers for two years in a row, are still the top pick for some global funds. Plunging oil prices, a stable currency and limited
      BLOOMBERG; PHOTO: REUTERS  -  761 words
    • Article
      Lock icon China’s top arranger sees more bonds as cure for debt hangover
      653 14 BLOOMBERG Shanghai CHINA’S top underwriter said that regulators will encourage more bond sales this year because cutting off financing is not the right solution to the nation’s debt hangover. As the slowing economy cuts earnings, companies increasingly need fresh
      BLOOMBERG  -  653 words
    • Article
      Lock icon Dong dips as Hanoi starts daily forex rate setting
      429 14 ting the rate for a longer period. REUTERS Hanoi VIETNAM allowed its currency to ease on Monday as it resumed a more flexible foreign exchange policy for interbank dollar/dong transactions, a move that could trigger a gradual devaluation in the local
      ting the rate for a longer period. REUTERS  -  429 words
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      426 14 NOTICES T O L L F R E E 1 8 0 0 -2 8 9 8 8 2 2 I E m a i l n o t i c e s s p h c o m s g I w w w s p h c l
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      411 14 IN THE MATTER OF COMPANIES ACT, CAP. 50 AND IN THE MATTER OF KYOCERA CONNECTOR PRODUCTS ASIA PTE. LTD. REG. NO. *****2734Z (IN MEMBERS’ VOLUNTARY LIQUIDATION) NOTICE OF RESOLUTIONS [Pursuant to Section 290(2)(b)] At an Extraordinary General Meeting of the Company held on 28 December 2015, the following Resolutions were
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      28 14 Blow your own trumpet Buy new musical instruments or put up your old ones for sale in CLASS 72 To advertise, call the Print Classified Hotline: 1800-289 9988
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  • ENERGY & COMMODITIES|15
    • Article
      Lock icon Big oil producers to cut investment again in 2016
      690 15 International oil companies are being forced to cut spending, sell assets, shed jobs, delay projects REUTERS London WITH crude prices at 11-year lows, the world’s biggest oil and gas producers are facing their longest period of investment cuts in decades, but
      REUTERS  -  690 words
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  • TECHNOLOGY
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      258 16 Defining your trading plan with the winning formula Key Learning Points To ensure a winning trade, what is the ONE signal that you should look out for? How to create a trading strategy that brings you through this volatile market environment? Join Vito Henjoto as he shares insights on the
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      25 16 One man’s junk is another man’s treasure Shop second-hand or sell your possessions in CLASS 162 To advertise, call the Print Classified Hotline: 1800-289 9988
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      16 16 Grow Your Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Mergers Acquisitions Notices
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  • CONSUMER
    • Article
      Lock icon Samsung Electronics warns of tough 2016
      285 17 CEO tells staff to expect weak global growth and greater competition in New Year message REUTERS Seoul SOUTH Korean tech giant Samsung Electronics Co Ltd said it expects a difficult business environment in 2016 due to weak global economic conditions and heightened competition in
      REUTERS  -  285 words
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      Lock icon Gadgets get smarter, friendlier at CES show
      793 17 AFP San Francisco FROM drones, cars and robots to jewellery, appliances and TVs, the new technology on display at the 2016 Consumer Electronics Show promises to be smarter and friendlier. The annual tech extravaganza with more than 3,600 exhibitors set to formally start
      AFP; PHOTO: REUTERS  -  793 words
    • Article
      Lock icon Australia pushes to boost export of crocodile products
      266 17 AFP Sydney AUSTRALIAN officials are looking to increase the export of crocodile products in 2016, after decades of official protection to stop them being hunted to extinction have increased their numbers. Under a new Saltwater Crocodile Wildlife Trade Management Plan (WTMP), which
      AFP  -  266 words
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      233 17 300 \Ot> tV B0 cm r 0 m 2 rcM V ifjtjsr 6 r ■H LsP 1 4 Pillars to a Successful Leadership —-Yoo 500 t Need tips to get better workplace results from your team? f L2£® X, K I -&9- I wj Learn how to reach out to
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  • TRANSPORT
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      Lock icon Asian shipbuilders expect an unhappy 2016
      962 18 Problems caused by plunging oil prices, China’s slowing growth, order cancellations BLOOMBERG Singapore FOR many Asian shipyards, 2015 was a brutal year. This year could be even worse. With oil prices forecast to fall as low as US$15 a barrel and China’s growth slowing,
      BLOOMBERG; PHOTO: BLOOMBERG  -  962 words
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      Lock icon Hyundai and Kia forecasting slowest sales growth in 10 years
      493 18 BLOOMBERG Seoul HYUNDAI Motor Co and Kia Motors Corp, South Korea’s largest carmakers, are forecasting their weakest sales increase in a decade as a slump in demand in China and a stronger won cut their profit. The companies’ combined deliveries
      BLOOMBERG; PHOTO: AFP  -  493 words
    • Article
      Lock icon Uber’s win-at-all-costs expansion strategy retreats in Germany
      1005 18 NYT Frankfurt UBER is rapidly expanding its ride-hailing operations across the globe. But here in this city of 690,000 less than the population of San Francisco, Uber’s hometown the company recently did something unusual: It retreated. In early November, Uber shut its small
      NYT  -  1,005 words
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      22 18 A story about a box that holds big dreams for a little country. Now on sale at all major bookstores and www.stpressbooks.com.sg
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      77 18 LLC m ASIA’S LARGEST EDUCATIONAL KIDS’ FAIR 18-20 MARCH 2016 (SCHOOL HOLIDAYS) SINGAPORE EXPO HALL 6 Be a part of SmartKids Asia 2016! m MM Promote and sell your brand, products and services to a targeted 90,000 parents with children from ages 3 to 12! CONTACT US NOW! Ms Suhaliana
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  • OPINION
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      Lock icon Middle East politics get murkier, dashing hopes for coalition against IS
      652 20 EDITORIAL THE severing of diplomatic ties between Saudi Arabia and Iran this week puts paid to all hope that some form of limited cooperation between Riyadh and Teheran could have helped crush the Islamic State (IS) rebels. Yet it
      652 words
    • Article, Illustration
      Lock icon Why Trump could be the ‘spoiler’ of 2016
      1265 20  -  Even if he does not win the Republican nomination, he may run as an independent candidate which will allow him to play the role of kingmaker.BY ANDREW HAMMOND kingmaker.BY ANDREW HAMMOND T The writer is an associate at LSE IDEAS (the Centre
      PHOTO: AFP  -  1,265 words
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      Lock icon America’s middle class is being hollowed out
      829 20  -  Despite the top one per cent’s outsized incomes, this hasn’t yet shut down the upward march of living standards for most of the population. We have mistaken what is plausibly a one-time setback for long-term stagnation. THE BOTTOM LINE By Robert J Samuelson
      THE WASHINGTON POST WRITERS GROUP  -  829 words
    • Article
      Lock icon A tricky balancing act ahead for oil in the new few decades
      970 21  -  COMMENTARY By Nick Cunningham O ILPRICE.COM OPEC says that US$10 trillion worth of investment will need to flow into oil and gas through 2040 in order to meet the world’s energy needs. The Organisation of the Petroleum Exporting
      OILPRICE.COM  -  970 words
    • Article
      Lock icon Obstacles in the battle against cyber threats
      764 21  -  COMMENTARY By Kim Khoo T The writer is vice-president of advisory services at global media, business and market intelligence consultancy M-Brain in Singapore CYBER-security crimes in Singapore, including theft of confidential business information, are estimated to exceed S$1 billion in value annually, going
      764 words
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      Lock icon The new question for AEC businesses: ‘Growth at what cost?’
      1108 21  -  The “growth-at-all-costs” strategy is dead. The Asean Economic Community changes things for Asean businesses; those with leaner, agile supply chains, especially, will come out ahead. BY JEROME GILLET ahead.BY JEROME GILLET TThe writer is the chief customer officer for the
      PHOTO: REUTERS  -  1,108 words
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      992 22 Vessel Voy Sin Pusan Tarawa Honiara Santo Port Vila Noumea Lautoka Suva Nukualofa Apia Pago Pago Papeete Lae P. Moresby Townsville APL Columbus V010E 23 May 06 Jun 22 Jun 26 Jun 29 Jun 01 Jul 03 Jul 06 Jul 08 Jul 10 Jul 10 Jul 15 Jul APL Columbus
      992 words
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  • LIFE & CULTURE
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      Lock icon Serialised novel to be delivered via interactive app
      739 23 New Julian Fellowes project “Belgravia” to be released in April treads new digital ground NYT London THERE are few literary mediums that Julian Fellowes has not dabbled in. Fellowes, creator of the hit historical British melodrama Downton Abbey, has worked on screenplays,
      NYT; PHOTO: REUTERS  -  739 words
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      Lock icon A year of highs and corrections in the art market
      1327 23 NYT London LOOKING back at the headlines, 2015 was a momentous year for the art market. In May, Picasso’s 1955 painting Les Femmes d’Alger (Version ‘O’) sold at Christie’s in New York to an as-yet-uni-dentified telephone bidder for US$179.4 million,
      NYT; PHOTOS: REUTERS, AFP  -  1,327 words
  • Page 23 Miscellaneous
    • Miscellaneous
      Lock icon Page 23 Miscellaneous Column 1
      320 23 CRYPTIC CROSSWORD Across 1 Noble champion? (5-6) 7 Conjecture in East about ‘Wise Men’ (7) 8 Callas working on aria’s ending in opera house (2,5) 10 Paper having no time for children (5) 11 Get rid of last of cattle spread out round Cape (9) 12 Latest to pick out
      320 words
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  • SME
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      Lock icon Recipe for change
      1436 24  -  Elsie’s Kitchen rebrands with lashings of innovation and automation. BY VIVIEN SHIAO SHU FEN lashings automation.BY VIVIEN SHIAO SHU FEN vshiao@sph.com.sg @VivienShiaoBT TAKE a stroll through the new premises of catering company Elsie’s Kitchen at Second Chin Bee Road and one will be surprised at just how
      PHOTO: ARTHUR LEE  -  1,436 words
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      Lock icon Why Asian family offices should care about family office values
      946 24  -  By Britta Pfister The writer is a Distinguished Fellow at the Insead Global Private Equity initiative. This article first appeared on insead Knowledge ASIAN family offices are at a nascent stage of development; while they are keen to progress, there
      PHOTO: STOCK.XCHNG  -  946 words