The Business Times, 10 November 2012

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Microfilm: NL32293
Total Pages: 48
1 20 The Business Times
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  • Title Section
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    21 1 weekend THE BUSINESS TIMES www. usinesstimes.com. g| NOVEMBER 10-11, 2012 S$1.00| S$1.00| MICA (P) 075/08/2012 S|Sl A SINGAPORE PRESS HOLDINGS PUBLICATION
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  • Article
    Lock icon Banks cross fingers as govt talks to US on tricky tax law
    511 1  -  By Siow Li Sen lisen@sph.com.sg Singapore THE government is in talks with the US Department of the Treasury, which will help all financial institutions here comply with a new US law to provide details of US accounts. In
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  • Article
    Lock icon Rosy economic data greets China’s new era
    638 1  -  Low inflation and clear signs of economic recovery bring cheer as Beijing prepares for a change of leadership By Virginie Mangin btworld@sph.com.sg BeijingCHINA’S new leaders, gathered in Beijing for the 18th Communist Party Congress, were welcomed with a surprisingly cheerful set of economic
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      99 1 the business www. usinesstimes.com. the raffles conversation UBS CHAIRMAN AXEL WEBER 10-11 MOTORING The BMW M6 Coupé L19 m T M E NSTRUMENTS Q. BR 01-92 TURN COORDINATOR 0 46mm Limited edition GYRO GYRO j HORIZ COMRAb I Bell Ross Boutique Mandarin Gallery #01-15 Tel: 6884 6471 bellross.mandaringalleryfafjbenjamin.com Available at:
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      12 1 WEALTH Obama victory and Wall Street 30-31 LIVING Brands with benefits L2-3
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  • TOP STORIES
    • MARKETS
      • Article
        Lock icon STOCKS
        58 2 HSTI 3,009.56 (-2.69) HSTI FUTURES 3,010.00 (-2.00) HSIMSCI 339.92 (-1.42) HSIMSCI FUTURES 339.60 (-1.40) Friday Change KL COMP 1,641.08 +0.01 NIKKEI 225 8,757.60 -79.55 HANG SENG 21,384.38 -182.53 SET 1,290.83 -2.87 Jakarta 4,333.64 +5.77 MANILA 5,468.79 +22.08 KOSPI 1,904.41 -10.00 SHENZHEN B 599.92 +0.90 MUMBAI IND 18,683.68 -162.58 12.00
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      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.490 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.50 INDIA 14.50 Source: Bloomberg
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      • Article
        Lock icon FOREX
        48 2 us$ s$ US$ (S$ per US$) 1.223 (US$/S$ per 1.598 1.954 EURO(US$/S$/€) 1.276 1.560 Foreign currency per US$ S$ YEN 79.50 65.00 RM 3.063 2.505 HK$ 7.751 6.339 BAHT 30.65 25.07 RUPIAH 9,633 7,878 RENMINBI 6.240 5.103 INDIAN RUPEE 54.46 44.54 A$ 0.959 0.785 NZ$ 1.224 1.001
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    • Article
      Lock icon S’pore places bet on personalised drugs
      717 2  -  Medicines are matched to patients’ biomarkers in promising new field By Lynn Kan lynnkan@sph.com.sg Singapore EVEN as pharmaceutical giant Novartis remains focused on producing blockbuster drugs in the next five years, Singapore’s biomedical research linked to economic outcomes and investment dollars in recent years
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    • Article
      Lock icon HSBC’s offshore client data leaked by whistleblower
      488 4  -  The account holders allegedly include fraudsters, gun runners, drug dealers By Neil Behrmann btworld@sph.com.sg London A WHISTLEBLOWER has obtained details of some 8,000 HSBC bank accounts held in Jersey by British and foreign bank clients who are allegedly drug dealers, gun runners, fraudsters
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    • Article, Illustration
      Lock icon Diageo to pay 111.7b rupees for control of United Spirits
      474 4 It’s seen as a win-win for both the UK and Indian parties Bloomberg Mumbai DIAGEO Plc, the maker of Johnnie Walker Scotch, will buy a 53.4 per cent stake in India’s United Spirits for 111.7 billion rupees (S$2.5 billion) to
      Bloomberg; PHOTO: BLOOMBERG  -  474 words
    • Article, Illustration
      Lock icon NTUC wants to represent at least half of PMEs here
      768 6  -  It also wants laws amended to better protect low-wage workers By Cai Haoxiang haoxiang@sph.com.sg Singapore THE labour movement yesterday unveiled proposals to change the Employment Act (EA), hoping to represent the rising numbers of white-collar workers in Singapore while keeping
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    • Article
      Lock icon Rise in Singapore’s investments in Iskandar Malaysia
      533 6  -  IRDA says cumulative tally is up by over a third in 7 months By Malminderjit Singh msingh@sph.com.sg Singapore SINGAPORE’S cumulative investments in Iskandar Malaysia increased by more than a third in just over the first half of this year. The republic remains the
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    • Article, Illustration
      Lock icon Storm stories from a sodden New York
      1341 8  -  There were few complaints beyond cheerful, shoulder-shrugging ‘kvetching’ By Rob Curran btworld@sph.com.sg New York AT THE Grand Central Station on 42nd Street at lunch time on Friday, New York seemed very much its bustling self. The smell of fried food wafted from a
      PHOTO: AFP  -  1,341 words
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      120 2 CONTENTS NEWS Top Stories 2-8 Week in Review 9 Raffles Conversation 10-11 Companies 12-15 From the Desk of 16 Singapore 17-18 World 20-22 Stocks Stats 23-27 Perspective 28-29 Wealth 30-35 Show Me The Money 33 House Hunt 34 Real Estate 35 LIVING Style L2-3 Hawker Choices L4-6 Dining L7-9 Home
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      59 3 Ermenegildo Zegna Su Misura Made to measure is the art of personal elegance. Our promise is to deliver perfectly tailored apparel designed for your individual character from an unparalleled collection of Zegna fabrics. From personalized suits to entire wardrobes, the unique dividend of “Su Misura” is exacting sartorial excellence. ION
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      442 5 he Hottest Resort Homes in Penang's World-Renowned ourist nation i 3 hi Rts i, FI Located in Penang's HOTTEST tourist destination, only minutes to Batu Ferringhi beaches and hospitality belt with abundant amenities, FERRINGHI RESIDENCE is the complete resort haven the 'must-own' luxury residence with lavish landscaping on Penang Island.
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      84 7 In the future, even the smallest business will be multinational. K <i LWOOMPt €o.^V Whether you trade in Dollars, Euros or Renminbi, global markets are opening up to everyone. At HSBC, we can connect your business to new opportunities on six continents in more than 90 currencies. There's a new
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  • WEEK IN REVIEW
    • THIS WEEK Nov 5-9, 2012
      • Article
        Lock icon Race down to the wire for Obama, Romney
        55 9 WITH only a day before American voters go to the polls to choose their next president, the race for the White House between Democratic President Barack Obama and his Republican challenger Mitt Romney remains very tight, including in the major battleground states
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      • Article
        Lock icon Forex proving to be a big draw to rising rich
        39 9 A GROWING number of the emerging rich are putting their money in foreign exchange, driven by a hunger for yield and an appetite for assets beyond equities and bonds.
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      • Article
        Lock icon China stocks at bargain levels
        41 9 AFTER taking a beating for five years, China stocks are today among the best investment bargains around, according to Asia-fo-cused investor Cheah Cheng Hye, chairman and chief investment officer of HK-based fund management firm Value Partners.
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      • Article
        Lock icon Factories clutch at hope despite weak order book
        47 9 A LEADING indicator of factory orders took another dip in October on the back of three straight months of decline. But the worst may be over, suggests Janice Ong, executive director of the Singapore Institute of Purchasing Materials Management.
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      • Article
        Lock icon China gears up for Congress that could change dynamics
        57 9 JUST days before the 18th Chinese Communist Party Congress kicks off, many questions remain: Who will sit on the Standing Committee? Will President Hu Jintao remain at the head of the Military Commission? Will the new team be more open to
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      • Article
        Lock icon Firms holding up, going by cashflow picture
        29 9 DESPITE the slowing economy, Singapore companies especially services and construction firms that cater to the local economy seem to be holding up.
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      • Article
        Lock icon Not your parents’ telco, as SingTel rebrands itself
        64 9 FOR the first time in maybe forever, SingTel has found itself bosom buddies with four girls named Minzy, Dara, CL and Bom. Heralding the telco’s new rebranding campaign, the four-girl Korean pop group 2NE1 was flown in by SingTel for a surprise
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      • Article
        Lock icon OUE scurries in silence as F&N deadline looms
        39 9 OVERSEAS Union Enterprise has been busy working behind the scenes on a potential rival offer for Fraser and Neave as a deadline for the original offer looms, market sources said yesterday.
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      • Article
        Lock icon Odds favour Obama in the final stretch
        51 9 AMONG 12 national polls published on Monday, Mr Obama led by an average of 1.6 percentage points gaining 1.5 percentage points from the prior edition of the same polls, improving his stand- ing in nine of the surveys while losing ground in just
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      • Article, Illustration
        Lock icon Dow dives; fiscal cliff back in focus after Obama win
        61 9 US STOCK markets fell 2 per cent after President Barack Obama’s re-election victory set up a tough battle with Republicans over the looming “fiscal cliff”. MR OBAMA US bourses fell 2% after his re-election victory set up a tough battle
        PHOTO: BLOOMBERG  -  61 words
      • Article
        Lock icon OUE to show its hand on F&N by Nov 15
        40 9 OVERSEAS Union Enterprise said it needs another week to decide whether to launch a rival bid for Fraser and Neave, highlighting the complexities involved in the region’s largest-ever takeover battle.
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      • Article
        Lock icon Small-car COE premium hits record $77,201
        32 9 THE certificate of entitlement premium for small cars raced to a record $77,201 on the back of strong demand for higher-value cars, said some motor distributors.
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      • Article
        Lock icon Markets pay for failed Romney bets
        48 9 CALL it the revenge of Mitt Romney. The defeat of the Republican candidate in the US presidential election not only inflicted the worst one-day hammering on the Dow Jones Industrial Average this year, but also dragged down Asian stocks in its aftermath.
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      • Article
        Lock icon Airline, airport rating agency Skytrax cops a big downgrade
        34 9 ONE of the world’s largest airline and airport review and ranking sites has been rapped by the UK Advertising Standards Authority for making misleading claims.
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      • Article
        Lock icon Hu to Congress: Corruption could threaten state
        38 9 IN his opening speech to China’s Communist Party Congress, and his last as party chief, outgoing President Hu Jintao warned that corruption could threaten the party and even the state itself.
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    • Article
      Lock icon NEXT WEEK Nov 12-16, ’12
      78 9 US DATA Nov 14 October retail sales Nov 15 October consumer price index Nov 16 October industrial production SINGAPORE DATA Nov 15 September retail sales and F&B services indices Nov 16 October merchandise trade EVENTS Nov 12 German Chancellor Angela Merkel visits Portugal Nov 14
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  • Page 9 Miscellaneous
    • Miscellaneous
      Lock icon Page 9 Miscellaneous Column 1
      299 9 Across 1 Rush second spicy dish (6) 4 Uncommonly brave taking Latin oral (6) 8 Jokes about youth leader in room in party clothes (4,4) 10 Endless money in old gaming house (6) 11 Top complete/incomplete? (4) 12 Male prison, dreadfully cold (10) 13 Railway buff instructs one at the
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    • Miscellaneous
      Lock icon Page 9 Miscellaneous Column 2
      11 9 SATURDAY with Ludwig ‘Don’t worry about lightning we’re under rubber trees.’
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Remaking UBS
      2182 10 / 11  -  UBS Chairman Axel Weber talks to Vikram Khanna about the post-crisis overhaul of the venerable Swiss bank Vikram Khanna OUR investment bank is being rightsized, says UBS Chairman Axel Weber during our conversation in late September. “That’s the word I would use.’’ Just over a month later, UBS
      PHOTO: YEN MENG JIIN  -  2,182 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon OCBC posts record $1.85b profit for Q3
      690 12  -  Results bolstered by $1 .1 3b divestment gains; core earnings up 41 at $724m, beating analysts’ expectations By Nisha Ramchandani nishar@sph.com.sg Singapore BOLSTERED by the $1.13 billion divestment gains from the sale of its stakes in Fraser and Neave (F&N) and Asia Pacific
      FILE PHOTO  -  690 words
    • Article
      Lock icon Maybank S’pore 9-month pre-tax profit up 2.8%
      320 12  -  By Emilyn Yap emilyny@sph.com.sg Singapore MAYBANK Singapore yesterday posted a pre-tax profit of $306.6 million for the nine months ended Sept 30 2.8 per cent higher than a year ago. This followed a 0.1 per cent increase in total income to $542.4 million,
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    • Article
      Lock icon Jaya Q1 profit more than doubles to US$10.13m
      266 12  -  By Lee Meixian leemx@sph.com.sg Singapore JAYA Holdings achieved a more than doubling in net profit for the fiscal first quarter and had also secured funding to refinance its existing scheme debt. The shipbuilder’s net profit attributable to owners for the three months
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    • Article, Illustration
      Lock icon Wilmar shares up on Q3 profit, unit’s turnaround
      595 13  -  26.4% earnings rise to US$405.8m beats analysts’ estimates By Andrea Soh sandrea@sph.com.sg Singapore WILMAR International’s share price surged 4.5 per cent to S$3.26 at the opening bell yesterday on the back of two pieces of positive news released in the morning: it
      FILE PHOTO  -  595 words
    • Article
      Lock icon SBS Transit’s Q3 profit falls 41% as costs increase
      415 13  -  By Samuel Ee samuelee@sph.com.sg Singapore SBS Transit’s net profit decelerated sharply in the third quarter ended Sept 30, 2012, falling 40.9 per cent to $6.3 million on increased staff, depreciation and maintenance costs, even as revenue rose 5.9 per cent to
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    • Article
      Lock icon Sembcorp’s Q3 earnings fall 18.5%
      488 14  -  Plunge in marine contribution partially offset by growth in utilities’ profit By Teo Si Jia teosj@sph.com.sg Singapore SEMBCORP Industries’ net profit for the third quarter ended Sept 30 fell 18.5 per cent to $181.21 million from $222.36 million a year ago as its marine segment
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    • Article, Illustration
      Lock icon Tat Hong’s Q2 earnings jump 37%
      432 14  -  By Carine Lee carinel@sph.com.sg Singapore CRANE company Tat Hong Holdings yesterday reported a net profit of $17.31 million for the fiscal second quarter ended Sept 30, 2012, up 37 per cent from $12.63 million a year earlier. This was achieved on the back of
      FILE PHOTO  -  432 words
    • Article, Illustration
      Lock icon Week’s focus falls on US presidential play
      981 15  -  Fiscal cliff also plays a part, though probably a minor one, in selling STOCKS R Sivanithy sivan@sph.com.sg Senior Correspondent THE US presidential election provided the main market play this week, though probably not in the way that traders would have wished, at least
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    • Article
      Lock icon Straco Q3 profit falls 7% to $8.86m
      401 15  -  By Ven Sreenivasan ven@sph.com.sg Singapore THE foreign-exchange effect from a strong Singapore dollar weighed down on Straco Corporation’s third-quarter bottom line, although the company’s total profit for the first nine months of the financial year matched that of the entire previous year. The
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    • Business briefing
      • Article
        Lock icon Tee International in Myanmar cement venture
        54 15 TEE International’s wholly owned subsidiary, Tee Resources, has inked a memorandum of understanding with Ayeyarwaddy Cement Co Ltd, a unit of Myanmar’s A1 Group of Companies, to develop and operate a cement plant in Myanmar. Project costs are estimated at $250-$300 million, pending the
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      • Article
        Lock icon Raffles Education Q1 profit dives 77%
        67 15 RAFFLES Education Corporation posted a net profit attributable to equity-holders of $4 million for the first quarter ended Sept 30, down 77 per cent from a year ago. This was due primarily to a rise in other operating expenses of $9.3 million which comprised
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      • Article
        Lock icon United Engineers’ Q3 earnings plunge
        66 15 UNITED Engineers saw its net profit for the third quarter ended Sept 30 plunge 92 per cent to $12.80 million from $159.85 million a year ago. Turnover dived 79 per cent year on year to $152.39 million, as the group recorded no revenue contribution from
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      Lock icon Page 13 Advertisements Column 1
      177 13 BERLIN AS INVESTMENT HUB I st BERLIN-GERMANY Real Estate Exhibition Saturday Sunday 10-1 I November 2012, I IAM-7PM Venue: Swiss Club, 36 Swiss Club Rd, S’pore *****0 In one of the most exciting capitals of Europe Starting Price: 148,879 1-2-3 Bedrooms Attractive market already for many Asian investors Safe investments
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      Lock icon Page 14 Advertisements Column 1
      49 14 Surbana has a vacancy for the position of Quantity Surveyor Emerson Process Management is hiring a Manufacturing Engineer Gain City is recruiting Showroom Managers/ Assistant Managers ExxonMobil is looking for Facilities Planners SMRT has positions open for Rail Operations Check out more than 500 positions available in CATS Recruit
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  • FROM THE DESK OF
    • Article, Illustration
      Lock icon Behold, the Superpowerin your room
      965 16  -  Thanks to the Internet, the world’s axis of good and evil has changed fundamentally since 1991 into a perpetually connected and very NOW world FROM THE DESK OF Neil Hudspeth Chief Digital Officer, Asia Pacific, Leo Burnett Asia Pacific GOOD and Evil. Wrong and Right.
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  • SINGAPORE NEWS
    • Article
      Lock icon Non-landed private homes’ resale prices up 7.3% in Jan-Oct period
      578 17  -  But transaction volumes dip 10.2%; average unit rental sees a marginal increase of 0.5% By Jasmine Ng jasng@sph.com.sg RESALE prices of non-landed private homes rose over the first 10 months of the year, even as transaction volumes fell 10.2 per
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    • Article, Illustration
      Lock icon A glimpse of Omani hospitality in Kg Glam
      221 17 FOREIGN Affairs Minister K Shanmugam was yesterday treated to Omani hospitality with some freshly prepared halwa, an Omani sweet, along the rejuvenated Muscat Street here. Mr Shanmugam, along with Sayyid Badr bin Hamad Al-Busaidi, Secretary-General of Oman’s Ministry of Foreign Affairs, was
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    • Briefing
      • Article
        Lock icon Tuas South industrial site awarded to Teck Leong
        78 17 INDUSTRIAL landlord JTC Corporation has awarded the tender for the industrial site at Plot 12, Tuas South Street 8, to Teck Leong Industries. Teck Leong was earlier reported to have been the highest bidder, having offered $3.2 million for the 48,983.3 sq
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      • Article
        Lock icon Five get International Mgt Action Award
        56 17 FIVE business leaders yesterday received the International Management Action Award, administered by the Chartered Management Institute. The five are FarEastFlora.com managing director Ryan Chioh, HVS Engineering managing director Alex Chow, MHC Asia Group CEO Low Lee Yong, Makino Asia president/CEO Moh Chong Tau, and
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      • Article
        Lock icon MOM frontline units’ move to be completed
        128 17 THE Ministry of Manpower (MOM) will soon complete the relocation of its frontline divisions from its Havelock headquarters to the ministry’s new Services Centre, a four-storey purposebuilt facility at 1500 Bendemeer Road. The Occupational Safety Health Division, Labour Relations Workplaces Division and Customer
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    • Article
      Lock icon Govt ready to help the needy but wary of entitlement mentality
      513 18  -  PM Lee says that Singapore’s success must also be measured by the growth in values such as compassion, empathy and altruism By Lee U-Wen leeuwen@sph.com.sg Expecting the government to step in all the time would eventually foster an “entitlement
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    • Article, Illustration
      Lock icon $15m programme to develop student entrepreneurs unveiled
      579 18  -  The programme will be rolled out as a CCA in schools in the form of business clubs By Felda Chay feldac@sph.com.sg THE Action Community for Entrepreneurship (ACE) is teaming up with the Ministry of Education (MOE) to roll out a $15 million programme
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  • Page 19 Advertisements
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      Lock icon Page 19 Advertisements Column 1
      105 19 v,\ 3E O K w 3E i..fl I Breath Of Hrvatska Air Croatia (or Hrvatska) prepares to enter the European Union m *L S .it Lh 51 tv Italian Love Affair The whole world loves Italian shoes except Italy...why? I B33I3ISmi Gourmet Labs The restaurant kitchen of the future goes
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  • WORLD
    • Article
      Lock icon Oct import prices up; oil hikes ease
      615 20 Consumer confidence at 5-year high in Nov as job market shows signs of improvement LATEST US DATA Reuters, Bloomberg Washington US import prices rose more than expected in October but price hikes for imported oil slowed, pointing to only modest inflation pressures. Another
      Reuters,; Bloomberg  -  615 words
    • Article, Illustration
      Lock icon China, India seen overtaking OECD members in 50 years
      783 20  -  Their combined GDP will exceed the total of the 34 countries By Anthony Rowley btworld@sph.com.sg Tokyo THE next 50 years will see major changes occur in the relative size of world economies with China and India growing at a rate that
      PHOTO: REUTERS  -  783 words
    • Briefing
      • Article
        Lock icon BOA whistle-blower now accused of fraud
        88 21 Bloomberg London THE whistleblower helping the US government mount a US$1 billion fraud lawsuit against Bank of America Corp was himself accused of fraud by an investor in a financing company that he co-found-ed, and now works at Fannie Mae, one of two entities
        Bloomberg  -  88 words
      • Article
        Lock icon Wheelock chairman has stake in Sun Hung Kai
        95 21 Bloomberg Shanghai HONG Kong billionaire Peter Woo, chairman of property developers Wheelock Co and Wharf (Holdings) Ltd, has a 1.84 per cent stake worth HK$5.4 billion (S$853 million) in rival developer Sun Hung Kai Properties Ltd, a public filing shows. Mr Woo’s
        Bloomberg  -  95 words
      • Article
        Lock icon Trader hides deals, causes US$118m loss
        87 21 Bloomberg San Francisco A COMMODITIES trader concealed an US$8.3 billion position and caused his employer losses of US$118 million, US regulators claimed in a lawsuit accusing him of violating anti-fraud laws. The trader, Matthew Marshall Taylor, in 2007 fabricated trades in a New Yorkbased
        Bloomberg  -  87 words
    • Article
      Lock icon US finalising pacts with 47 nations on curbing offshore tax evasion
      413 21 Cayman Islands, Gibraltar, and Liechtenstein discussing Fatca compliance with Treasury Reuters Washington IN a step towards reining in offshore tax evasion, the US Treasury Department on Thursday said that it was close to finalising tax information-sharing pacts with countries
      Reuters  -  413 words
    • Article, Illustration
      Lock icon Japan seeks tighter pact with US to confront China
      451 21 Defence minister sends deputy to Washington for talks, saying Japan wants to revise security alliance NYT Tokyo JAPANESE Defence Minister Satoshi Morimoto said yesterday that he wants to revise his nation’s security alliance with the United States to place more emphasis
      NYT; AFP FILE PHOTO  -  451 words
    • Article, Illustration
      Lock icon Malaysian IPO spree set to continue into 2013
      522 22 Bursa CEO says M’sian firms are growing regionally so the need for capital continues Bloomberg Kuala Lumpur BURSA Malaysia Bhd, the country’s stock exchange manager, said it expects the spree of initial public offerings in the nation to continue into 2013 as
      Bloomberg; PHOTO: BLOOMBERG  -  522 words
    • Article
      Lock icon SEC computers not encrypted, left vulnerable to cyber attacks
      637 22 Some staff even take devices to a meeting on latest hacking trends Reuters Washington STAFF at the US Securities and Exchange Commission (SEC) failed to encrypt some of their computers containing highly sensitive information from stock exchanges, leaving the data vulnerable
      Reuters  -  637 words
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      Lock icon Page 22 Advertisements Column 1
      22 22 TwoIRs contribute 1.5% to2% ofGDP M^IR To subscribe, call 6388-3838 or go to sphsubscription.com.sg To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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  • Article
    Lock icon SGX
    8053 23 Transaction date: Nov 9 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 15.5 11.4 8Telecom 12.1 12.1 12.8 66.8 0.4 2.9 57.9 6 3 A-Sonic 3.3 3.2 4 3.9 23.6 AAT 2 halt 1.6
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  • Article
    Lock icon SGX CATALIST
    1755 26 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 12.1 t 800 Super 21 18.3 19 3.3 4.8 6.3 37.5 4 3 t AA Grp 3.1 2.6 3.8 3 98 20 t APStrategic
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  • Article
    Lock icon SECURITIES TRADING SCOREBOARD
    186 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 8 5 0 0 0 3 8 5 Manufacturing 28 61 36 1 9 6 29 70 42 Commerce 14 24 23 2 3 2 16 27 25 Tpt/Stor/Comms 8 21 9
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  • Article
    Lock icon BT SHARE INFORMATION SERVICE
    799 26 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Nov 5 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Serial System 7-Nov-12 Goh Bak Heng Buy 1345 0.11 *****1 35.80 *****6 35.95 Far East Group 7-Nov-12
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  • Article
    Lock icon SECURITIES TRADING TURNOVER
    123 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 20,613 20,613 139,830 139,830 Manufacturing 225,315 54,824 280,139 282,225 1,346 283,571 Commerce 218,285 1,253 219,538 265,384 117 265,501 Tpt/Stor/Comms 58,129 18,948 77,077 102,371 5,666 108,037 Finance 22,356 298 22,654 173,822 134 173,956 Construction 61,874 140,558
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  • MARKETS
    • Article
      Lock icon LIFFE
      80 27 Nov 8 COCOA (£/tonne) Close Prev High/Low Dec 12 1519 1551 1556/1516 Mar 13 1518 1550 1559/1513 May 13 1524 1556 1565/1519 Jul 13 1532 1563 1572/1527 COFFEE(US$/tonne) Close Prev High/Low Nov 12 1943 1903 1930/1908 Jan 13 1966 1929 1970/1923 Mar 13 1982 1946 1985/1941 May 13 1997
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    • Article
      Lock icon METALS
      68 27 Nov 9 GOLD(US$/oz) Nov 09 Nov 08 Hong Kong 1745.60 1731.00 Nov 08 Nov 07 London 1716.16 1707.66 1716.93 1708.43 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 39.88 39.23 Source: UOB PLATINUM/ Lon (US$/oz) Nov 08 Close Previous PM Fix 1544.00 1556.00 AM Fix 1541.00 1563.00 Source:
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    • Article
      Lock icon PALM OIL
      57 27 Nov 9 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 12 2260.0 2257.0 2260.0 2235.0 166 2275 Dec 12 2277.0 2297.0 2314.0 2260.0 1181 ***** Jan 13 2343.0 2336.0 2364.0 2308.0 ***** ***** Feb 13 2387.0 2375.0
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    • Article
      Lock icon GOVERNMENT SECURITIES
      84 27 Nov 9 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****T 07-Feb-13 0.24 6-Month BS*****V 02-May-13 0.26 1-Year BY*****X 01-Nov-13 0.27 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0N 0.25 01-Oct-14 102.11 5-Year N*****0Z 2.375 01-Apr-17 108.75
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      Lock icon INTERBANK CURRENCY RATES
      154 27 Nov 9 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2736 1.2751 1.0420 1.0425 Canadian dollar 1.2232 1.2244 1.0011 1.0007 Euro 1.5590 1.5602 1.2755 1.2756 NZ dollar 0.9984 0.9994 0.8168 0.8171 Sterling pound 1.9535 1.9554 1.5982 1.5987
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      Lock icon SMX MARKET UPDATE
      94 27 As on 8 November 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PRECIOUS METAL GOLD FUT DEC2012 1725.60 1713.60 1725.80 INDIA GOLD (E-GOLD) FUT DEC2012 575.70 572.00 574.00 CURRENCY EUR-USD FUT DEC2012 1.2780 1.2724 1.2742 BASE METAL COPPER FUT DEC2012 7633 7586 7647 INDEX IRON ORE (MBIO) IDX
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      Lock icon CHICAGO BOT
      103 27 Nov 8 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Nov 12 1499.25 1508.75 1513.00 1499.00 Jan 13 1495.75 1507.00 1513.50 1493.00 Mar 13 1476.50 1485.25 1492.25 1475.75 May 13 1456.00 1461.00 1466.50 1454.75 SOYBEAN/OIL(60,000 lbs; USc/lb) Close Previous High/Low Dec 12 48.77 48.62 49.20 48.45
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      Lock icon OIL
      68 27 Nov 08 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 106.17 -0.99 WTI (Near Mth) 85.15 0.41 Dubai (1-Mth F) 104.04 -2.92 Tapis blend 112.8 -2.91 Minas 106.58 -2.91 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 101.67 -3.83 Jet Kerosene 123.51 -3.01 US$/barrel OpecOil Basket Price 106.87
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      Lock icon FOREIGN CURRENCY NOTE RATES
      118 27 Nov 09 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.303 1.241 Can dollar 1.253 1.194 Euro 1.598 1.522 Sterling pound 1.994 1.918 NZ dollar 1.029 0.971 US dollar 1.249 1.19 Local dollars to 100 units of foreign currency: Currencies Sell
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      Lock icon LONDON METALS
      70 27 Nov 8 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1902.00 1897.00 3 months 1925.00 1923.00 Copper, Grade A (US$/tonne) Cash 7628.75 7599.25 3 months 7630.00 7605.00 Lead (US$/tonne) Cash 2228.50 2200.50 3 months 2208.00 2176.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
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      Lock icon MORGAN STANLEY CAPITAL INT'L INDICES
      373 27 In local curr In S$ In US$ dy yr dy yr dy yr Nov 8 Index Change Change Change Change Change Change World Preliminary 900.7 -0.4 8.5 -0.3 2.4 -0.5 8.5 EAFE Preliminary 728.1 -0.6 6.7 -0.6 0.4 -0.7 6.4 Europe Preliminary 1103.6 -0.2 7.5
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      Lock icon STOCK MARKETS
      107 27 Straits Times Index YTD change: +13.72% 52-week high: 3,110.86 on Oct 5,2012 52-week low: 2,606.52 on Dec 20,2011 Source: Bloomberg Hang Seng Index YTD change:+16.00% 52-week high: 22,149.70 on Nov 2,2012 52-week low: 17,613.20 on Nov 25,2011 Source: Bloomberg Shanghai Stock Exchange Composite YTD change: -5.93% 52-week high:
      Source: Bloomberg  -  107 words
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  • PERSPECTIVE
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      Lock icon Taking it to the next level
      862 28 / 29  -  Airlines are finding ways to not only please customers but also improve operations. By Won-Joon Lee By Won-Joon Lee ~The writer is managing director Automotive, Industrial Equipment, Infrastructure and Transportation (AIIT), Asia-Pacific HYPER-COMPETI-TION among airlines is the new normal. Full service airlines, low-cost carriers
      STOCK.X.CHNG  -  862 words
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      Lock icon Employees follow your purpose, not you
      932 28 / 29  -  By Louisa Wong ~The author is executive chairman, Bo Le Associates, a headhunting firm headquartered in Hong Kong TODAY, leaders have a very tough job. You need to direct the company to achieve business targets while balancing employee engagement and revenue generation. Most importantly,
      932 words
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  • Wealth
    • WEALTH INVESTING
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        Lock icon Asset markets on tenterhooks
        1074 30 / 31  -  The so-called fiscal cliff clouds the way but a complete meltdown is unlikely given that US lawmakers should arrive at some compromise Genevieve Cua gen@sph.com.sg Personal Finance Editor WALL Street has greeted US President Barack Obama’s re-election with what appeared to be dismay. Earlier this week,
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        Lock icon BROKERS' TAKE
        830 30 / 31  -  Compiled by Joyce Hooi Global Premium Hotels Buy OCBC Investment Research Nov 9 Close: $0.24 GLOBAL Premium Hotels (GPH) registered Q3 2012 results that were below our expectations. Q3 2012 revenue increased 8.1 per cent y-o-y to $14.9 million. Gross profit margin declined 1.7 percentage points versus Q3
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        Lock icon Bond-rating agencies’ reputation at stake
        1390 32 Aussie judge finds S&P liable for issuing AAA for a ‘grotesquely complicated’ financial product developed by ABN Amro NYT THE rating agencies have long managed to turn aside litigation by asserting they have a freespeech right to their opinions, whether or not they turn out
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        Lock icon Market consistently underprices quality
        1201 33  -  SHOW ME THE MONEY Teh Hooi Ling hooiling@sph.com.sg Senior Correspondent ~The writer is a CFA charterholder A FEW months back, US asset management firm GMO produced a white paper, “Profits for the Long Run: Affirming the Case for Quality”. In it, authors Chuck Joyce and Kimball
        Source: G MO; Compiled by BT with data from Bloomberg  -  1,201 words
    • WEALTH REAL ESTATE
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        Lock icon Househunt
        1046 34 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN OCT 10 AND OCT 16, 2012 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED V On Shenton Apt 12/10/2012 99 958 2052 2142 V On Shenton Apt 10/10/2012 99
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        Lock icon Lower Manhattan quiet after Sandy
        1278 35 One-third of some 1 00 million sq ft in office space there out of operation, according to Jones Lang LaSalle Bloomberg New York THE drone of generators fills the silence of Lower Manhattan on a weekday afternoon. A newsstand is open at the corner of
        Bloomberg; PHOTO: AP  -  1,278 words
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      27 36 Published and printed by Singapore Press Holdings Limited. Co. Regn. No. *****2868E. A member of Audit Bureau of Circulations Singapore. Customer Service (Circulation): 6388-3838, circs@sph.com.sg, Fax 6746-1925.
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      60 1 LivingBTTHE BUSINESS TIMES WEEKEND NOVEMBER 10-11 2012 HAWKER CHOICES 2012 Oodles of noodles L4-6 BRANDS WITH BENEFITS Big fashion houses spend millions on rewarding their ultra-VIP shoppers L2-3 HOME GARDEN Home is where the art is L10-11 PHOTO: LOUIS VUITTON DESIGN Luca's winning ways L12 DINING Spanish ayes L7-9 GOLF
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  • BT Living
    • STYLE
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        Lock icon Brands with benefits
        1403 2 / 3  -  While the rest of us score a free latte when we use a loyalty card, fashion houses reward their ultra-VIP shoppers with million-dollar events, which include rubbing shoulders with celebs, 6-star hotel stays and flights to Paris for first dibs on the latest runway rollouts. By May
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    • HAWKER CHOICES 2012
      • Article, Illustration
        Lock icon Oodles of noodles
        2732 4 / 5  -  In soup or dry, with extra chilli or more vinegar Singaporeans love their fishball noodles and bak chor mee in a variety of ways. It’s why there’s always one stall, sometimes more than one, in any hawker centre or coffee shop. Here are the top five as
        PHOTOS: YEN MENG JIIN  -  2,732 words
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        Lock icon Bak chor mee to feed the soul
        507 6  -  By Geoffrey Eu WHEN he’s not scouring the world for senior executives to fill corporate posts, Richard Hoon enjoys indulging his triple passions for food, wine and art. In true Singaporean style, of course, that also means heading to the nearest food centre
        YEN MENG JIIN  -  507 words
    • DINING
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        Lock icon Not your typical tapas
        1616 7  -  The shared plate revolution is now in full swing in Singapore, with the ‘tapas’ concept no longer restricted to Spanish bar food but applied to all sorts of other cuisines too. Debbie Yong treks through a new tapas terrain Debbie Yong The Crostini Bar 55 Haji
        PHOTOS. JOSEPH NAIR; PHOTOS: TANUKI  -  1,616 words
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        Lock icon Spanish ayes
        1305 8 / 9  -  The international attention El Bulli drew to Spanish cuisine, the similarity of its flavours with Asian food, and the weakened Spanish economy could be why Spanish chefs are opening up restaurants here in droves. Debbie Yong spotlights three new spots for those who still crave traditional Spanish tapas
        PHOTO: JOSEPH NAIR  -  1,305 words
    • HOME & GARDEN
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        Lock icon Home is where the art is
        979 10 / 11  -  isBuddhist statues, old carp ts, modern artworks and paintings of all sizes jostle for space in marketing manager Priya Rath’s home. By Tay Suan Chiang personal space By Tay Suan Chiang taysc@sph.com.sg IT looks like a regular two-storey home in Bukit Timah, but the
        PHOTOS: YEN MENG JIIN  -  979 words
    • DESIGN
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        Lock icon The practical designer
        1070 12  -  Luca Nichetto wants his products to help people, not just look good for magazines. By Tay Suan Chiang taysc@sph.com.sg LUCA Nichetto would hardly consider himself famous, but fellow customers at a Tokyo pizzeria recently proved him wrong. “Everyone was asking for my business card, so I have
        PHOTOS: CASSINA  -  1,070 words
    • HEALTH
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        Lock icon Happy holidays
        1122 13  -  Take precautions before taking off to ensure a worry-free, enjoyable vacation. By Chong Yeh Woei ~Dr Chong is a physician at the Singapore Medical Specialists Centre, president of the Singapore Medical Association, and chairman of the Private Practice Committee of the SMA IT’S that time of the year
        PHOTO: AFP  -  1,122 words
    • GADGETS
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        Lock icon New Windows to great phones
        878 14 / 15  -  While Microsoft’s newly released Windows Phone 8 (WP8) operating system still doesn’t have enough apps to woo those who can’t live without their favourite iOS or Android ones, it’s a truly beautiful and fresh alternative. All five phone models destined for our shores sport a
        878 words
    • SPORTS
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        Lock icon Liverpool-Chelsea rivalry loses steam
        614 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg Correspondent WHAT used to be one of English football’s most captivating rivalries has lost some of its fizz this season. Sure, Chelsea versus Liverpool will still get top billing on any given Barclays Premier League (BPL) weekend, but with a
        PHOTO: REUTERS  -  614 words
      • Article
        Lock icon Talk of Federer’s retirement too premature
        409 16  -  grand slam with christy simson ~Catch Christy Simson on SportsCenter every weekday on ESPN at 7.30pm IF ROGER Federer wins the ATP World Tour finals in London on Monday, it will be the seventh time he’s done so, chalking up yet another record to
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    • GOLF
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        Lock icon Thanks Barclays, and goodbye
        739 17  -  Bank leaves a lasting legacy on the Singapore Open as its sponsorship comes to a close. By Justine Moss btnews@sph.com.sg AS Barclays seven year sponsorship of the Singapore Open comes to a close, there is little doubt that it has left a lasting legacy on the
        PHOTO: AFP  -  739 words
    • MOTORING
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        Lock icon Magic carpet ride
        580 18  -  The ride comfort of the Rolls-Royce Phantom Series II is even better. By Samuel Ee By Samuel Ee samuelee@sph.com.sg EXACTLY nine years after the first Phantom wafted into Singapore, there is an updated version of this super-luxury limousine. Despite its ageless styling, Rolls-Royce has slightly tweaked the
        580 words
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        Lock icon 6 DRIVE
        590 19  -  The BMW M6 Coupé is no featherweight but this stunner is still a scintillating drive. By Samuel Ee samuelee@sph.com.sg THE BMW M6 Coupé is finally here, a few months after the M6 Convertible, but for keen drivers, it has been worth the wait. Like the M6 Convertible introduced
        590 words
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        Lock icon POLO WITH ATTITUDE
        525 20  -  The W CrossPolo is a taller and sportier version of the Polo. By Samuel Ee samuelee@sph.com.sg VOLKSWAGEN is the best-selling make in COE Category A for cars under 1,600 cc, with a total of 14 models and a mind-boggling 40 variants available here. One of these is
        525 words
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      65 4 / 5 CREATING VALUE ENHANCING ASSETS Knight Frank Knight Frank's Estate Management Team offers experience and expertise into asset management and facility management of boutique projects to mass market projects across all property types. Call Knight Frank Estate Management Team at 6848 5678 for the full suite of property and facility management
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      830 8 / 9 wine&dine with BTWeekend AquaMarine Level 4, Marina Mandarin Singapore 6 Raffles BoulevardZ 6845 1111 Sensational Seafood Till Nov 30, 2012 Satiate your cravings for fresh and succulent seafood this November at AquaMarine. Dive into an array of mouth-watering seafood dishes such as assorted sushi sashimi, wok-fried curry butter scallop, freshly-shucked
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