The Business Times, 27 July 2015

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Microfilm: NL33561
Total Pages: 24
1 24 The Business Times
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  • Title Section
    Lock icon Masthead
    31 1 THE BUSINESS TIMES 2015 SOCIETY OF NEWS DESIGN EXCELLENCE AWARD■BEST IN OVERALL REDESIGN■ S$1.00 A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg @BTBreakingnews CO REGN NO *****2868E MCI (P) 051/08/2014 Monday, July 27,2015
    31 words
  • DAILY DIGEST
    • Article
      Lock icon All eyes will be, once again
      35 1 on the pace of loan growth and deterioration in asset quality in Q2, as DBS kicks off the results season for the three banks on Monday. TOP STORIES 2
      35 words
    • Article, Illustration
      Lock icon Barclays is gunning
      23 1 for Asia’s lucrative trade flows business and hiring corporate bankers in the region to lead this push. TOP STORIES 2
      23 words
    • Article
      Lock icon Fans of the current digital revolution
      43 1 can point to some success that technology has had in democratising finance in parts of Southeast Asia, where the majority still have no banking account. But traditional issues of costs, regulation and privacy remain. TOP STORIES 3
      43 words
    • Article
      Lock icon Singapore voters
      31 1 can form a better idea in the coming weeks of who and where candidates will be fielded as parties announce their plans ahead of the “watershed election”.TOP STORIES 4
      31 words
    • Article
      Lock icon Tokyo Tatemono Co
      35 1 sold the first bonds by a Japanese property developer to individuals in over a decade after strong sales of top-floor condominiums in the capital costing more than US$3 million. REAL ESTATE 11
      35 words
    • Article
      Lock icon Private equity firm Apollo Global Management, LLC
      35 1 is seeking to raise as much as US$3 billion for its new natural resources fund, Apollo Natural Resources II, LP, according to documents seen by Reuters. ENERGY COMMODITIES/16
      35 words
    • Article
      Lock icon The Bank for international Settlements
      33 1 says the ECB and other central banks should “abandon the debt-fuelled growth model that has acted as a political and social substitute for productivity-enhancing reforms”. GOVERNMENT ECONOMY 20
      33 words
  • Article
    Lock icon Manulife FA in poaching row
    914 1  -  Several other industry players are upset with company’s hiring practices and its buyout packages offered to agents By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore THREE months into its birth, Manulife Financial Advisers’ (Manulife FA) relationship with several industry players has hit a snag, with some questioning
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  • Article, Illustration
    Lock icon Two sides to the penny rally
    516 1  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore SINGAPORE-listed penny stocks surged over the past week as they caught an updraft of interest, sparking hopes of a sustained rally on one hand and concerns about blind speculation on the other. The smallest 20 per cent of
    Data: Singapore Exchange  -  516 words
  • Article
    Lock icon MARKETS
    25 1 Weekly Change STI 3,352.65 -0.80 KL COMP 1,720.76 -5.97 NIKKEI 225 20,544.53 -106.39 HANG SENG 25,128.51 -286.76 SHENZHEN B 1,289.35 -17.03 DOW 17,568.53 -517.92
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      51 1 8 "*****1 *****4 NEW RESTAURANT Andrew Walsh steps into the spotlight at Cure DINING OUT/23 OYSTER PERPETUAL GMT-MASTER II IN IS CT WHITE GOLD ROLEX EMPEROR WATCH AND JEWELLERY THE SHOPPING GALLERY AT THE HILTON, #01-03/04. TEL: S737 2896 WISMA ATRIA, #02-40/41-44, TEL: 6694 5712 WATCH FEATURED SUBJECT TO STOCK
      51 words
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      Lock icon Page 1 Advertisements Column 2
      21 1 GLOBAL ECONOMIC OUTLOOK Another Great Depression in the making? YOUNG INVESTORS’ FORUM 14 TOPLINE Mr Bean’s Cinderella tale COMPANIES MARKETS 6
      21 words
    • Advertisement
      Lock icon Page 1 Advertisements Column 3
      15 1 CHINA’S STOCK MARKET CRASH what happens when a giant sneezes? VIEWS FROM THE TOP 12-13
      15 words
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  • TOP STORIES
    • Article
      Lock icon Loan growth in focus for banks’ Q2 results
      468 2  -  Analysts remain wary of the hit from the cooling property market, and China By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore ALL eyes will be, once again, on the pace of loan growth and deterioration in asset quality in the second quarter, as DBS
      468 words
    • Article
      Lock icon Barclays to boost Asian trade flows business
      449 2  -  By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore BARCLAYS is gunning for Asia’s lucrative trade flows business and hiring corporate bankers in the region to lead this push. The UK bank announced this new growth phase for its corporate banking business in Asia, following
      449 words
    • Article
      Lock icon The importance of setting realistic sales targets
      585 2  -  COMMENTARY By Claire Huang huangjy@sph.com.sg @ClaireHuangBT LIKE all other industries, poaching is common business. So it’s no surprise that it happens in the business of insuring people, especially in a tight labour market. Insurance agents or financial advisers are generally paid low basic
      585 words
    • Article
      Lock icon US stocks could rebound this week on brighter economic data
      873 2  -  WALL STREET INSIGHT By Rob Curran btworld@sph.com.sg LAST week, US stocks fell sharply as traders hedged against the possibility that the Chinese economic miracle was coming to an end. This week, stocks could rebound somewhat as a US gross-domestic product
      873 words
    • Article, Illustration
      Lock icon A digital revolution and a reality check
      1112 3  -  Technology is stretching boundaries but traditional issues of costs, regulation and privacy remain By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore FANS of the digital revolution can point to some success that technology has had in democratising finance in parts of South-east Asia, where the
      Graphics: Jamie Lee & Hyrie Rahmat  -  1,112 words
    • Article
      Lock icon DB Platinum
      9 3 Crod Branchen Stars R1C-A 17/07/2015 233,80 EUR
      9 words
    • Article, Illustration
      Lock icon Voters can expect candidates’ introduction after National Day
      699 4  -  Newcomers may be introduced by retiring MPs whom they will replace, to ensure a smooth transition: Eng Hen SINGAPORE VOTES By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore VOTERS will be able to form a better idea in the following weeks of who and
      PHOTO: DARWIS MD SAID / LIANHE ZAOBAO  -  699 words
    • Article, Illustration
      Lock icon Grundfos has ambitious water technology plans in Asia
      292 4  -  By Nikita Mathur mathurn@sph.com.sg Singapore WATER pump manufacturer Grundfos plans to double its revenues in the Asia-Pacific over the next five years and being in Singapore is critical to that strategy. Singapore hosts the company’s regional headquarters, and Grundfos is here to
      PHOTO: SHAWN TEO  -  292 words
    • Article, Illustration
      Lock icon Opposition parties declare contest areas
      393 4  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore THE various opposition parties have declared their intention of contesting several areas in the East and West, and at least two parties Democratic Progressive Party (DPP) and Singaporeans First are eyeing Tanjong Pagar GRC. The Workers’ Party (WP) on
      PHOTO: LIANHE ZAOBAO  -  393 words
    • Article
      Lock icon Singapore data centre operators eye China market
      880 4  -  By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore WITH the Singapore data centre market showing robust growth with high utilisation rates and a relatively lower power supply requirement, it has begun to emerge as an alternative gateway to China. Hong Kong has traditionally been
      880 words
    • Article
      Lock icon OCBC, Great Eastern launch SG50 endowment plan
      305 4  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore OCBC Bank and Great Eastern have jointly launched an SG50 five-year single premium endowment plan that offers customers a guaranteed payout of two per cent every year. In a release on Sunday, they said the total premium
      305 words
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      Lock icon Page 2 Advertisements Column 1
      163 2 Post-Graduates Take your career to greater heights with a master’s iree that’s highly able. commend K: w. J) y Established alumni networks. Better future prospects. In your favour. Edinburgh Napierl Edinburgh Napier University Programmes (Full-time/Part-time): Master of Science in International Business Master of Science in Business Entrepreneurship Human Resource Management
      163 words
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  • Page 3 Advertisements
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      243 3 AMAZING IN MOTION CT Hybrid The Perfect City Drive w I ES Hybrid The Essence of Luxury NX Hybrid The Next Exceptic WITH LEXUS HYBRIDS, EVERY LITRE TAKES YOU FURTHER, EXPERIENCE CLASS-LEADING FUEL EFFICIENCY FROM $0.10/KM'. As the leader in Hybrid technology, Lexus has set the benchmark for fuel efficiency,
      243 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Mr Bean’s royal Cinderella tale
      1390 6  -  The soya milk chain has gone from strength to strength in the past 20 years to become an extensive local and regional chain. TTTOPLINE BY DEBBIE YONG debyong@sph.com.sg @DebbieYongBT CHEERY cartoon stickers adorn the walkway leading up to Super Bean International’s headquarters in Sims Drive.
      PHOTO: BRAND ALLIANCE GROUP  -  1,390 words
    • Article, Illustration
      Lock icon But, I am only a sleeping director…
      856 6  -  By Joyce Koh T The writer is the executive director of the Singapore institute of Directors. ACCORDING to the Accounting and Corporate Regulatory Authority (Acra), 10,000 summonses are issued every year to “errant” directors. These are directors who have failed to comply with
      856 words
    • Article
      Lock icon Buying flat, selling remains very low
      1810 7  -  Aside from directors, buyback activity was flat with nine companies that posted 26 repurchases worth S$18.76m INSIDE MARKETS By Robert Halili T The writer is managing director, Asia insider Limited THE buying was flat while the selling among directors remained very low based on
      1,810 words
    • Article, Illustration
      Lock icon STI / Catalist
      64 8 STI Catalist WEEKLY Straits Times Index July 24,2015 3,352.65 -0.80 (-0.02%) Current streak 4 days Week high 3,373.48 Week low 3,352.65 52-week high 3,525.19 (Apr 17, 2015) 52-week low 3,167.73 (Oct 17, 2014) FTSE ST Catalist index July 24 2015 653.31 +13.17 (+2.06%) Current streak 3 days Week high 662.26
      64 words
    • Article, Illustration
      Lock icon National Day or election rally around the corner?
      619 8  -  STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT IT ISN’T very often that stocks perform as amazingly as CEFC International or Qingmei, posting massive percentage gains in high volume for several days in a row. Such superior outperformance gets the juices flowing, the adrenalin
      619 words
    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      36 8 STI FTSE ST All-Share WEEKLY FTSE ST All-Share Index July 24,2015 801.52 -0.29 (-0.04%) Current streak 4 days Week high 806.37 Week low 801.52 52-week high 845.85 (Apr 17, 2015) 52-week low 766.44 (OCt 17, 2014)
      36 words
    • Article
      Lock icon STI STOCKS
      311 8 Stock name Close Change Wk high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 248 +5 250/242 271 219 5.9 6275.4 CapitaLand 341 -3 350/340 379 293 12.5 2.6 *****.9 CapitaMall Trust 214 cd -1 219/212 228 188.5 5.1 7425.2 CityDev 975 -11 997/973 1095 915
      311 words
    • Article
      Lock icon GAINERS
      77 8 BY CENTS CLOSE UP 52w high/low SPDR S&P500 US$ ***** 507.4 1.8 *****/***** SPDR DJIA US$ ***** 405.9 1.7 *****/***** DBXT CSI300 US$ 1167 90.5 6.0 1471/658 DBXT STGLDv US$ 3101 63.1 1.5 3382/3029 Lyxor Nasdaq US$ 1827 53.5 2.2 1838/1495 BY PERCENTAGE CLOSE UP 52w high/low Chinese Global
      77 words
    • Article
      Lock icon LOSERS
      76 8 BY CENTS CLOSE DOWN 52w high/low Lyxor ThaiSET US$ ***** -1094.0 -6.5 *****/***** GLD US$ ***** -802.2 -5.3 *****/***** DBXT MSKorea US$ 5125 -260.5 -3.6 6735/5125 DBXT Nifty US$ ***** -242.7 -1.3 *****/***** Jardie C&C 3033 -140.0 -4.4 4585.8/2878 BY PERCENTAGE CLOSE DOWN 52w high/low KrisEnergy R 0.1 -88.9
      76 words
    • Article
      Lock icon UNUSUAL ACTIVITY
      83 8 VOL CLOSE($) CHANGE Chinese Global 5,191.5 0.020 +0.015 +300.00 Sunpower 21,608.3 0.250 +0.030 +13.64 Lasseters Intl 193.0 0.055 -0.013 -19.12 ChinaSing Inv 10.0 0.022 +0.002 +10.00 China Intl 566.0 0.026 +0.007 +36.84 Dapai Intl 36,083.1 0.024 +0.005 +26.32 Suntar Eco-City 100.0 0.070 +0.003 +4.48 SingWindsor 424.0 0.400 +0.025
      83 words
    • Article, Illustration
      Lock icon STI / MSCI EAFE
      34 8 STI MSCI EAFE WEEKLY MSCI EAFE index July 24,2015 1,861.03 -28.50 (-1.51%) Current streak 1 day Week high 1,894.42 Week low 1,861.03 52-week high 1,949.49 (May 15, 2015) 52-week low 1,729.52 (Jan 9, 2015)
      34 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 9 1 0 0 0 7 9 1 Manufacturing 79 58 30 26 10 7 105 68 37 Commerce 32 28 11 10 6 2 42 34 13 Tpt/Stor/Comms 21 16 6
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 54,122 54,122 251,971 251,971 Manufacturing 2,690,055 970,774 3,660,829 548,582 56,763 605,345 Commerce 1,580,707 782,074 2,362,781 441,344 24,476 465,820 Tpt/Stor/Comms 709,271 90,327 799,598 882,724 8,944 891,668 Finance 160,630 417 161,047 870,707 95 870,802 Construction 637,725 136,809
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    • Article
      Lock icon Weak China demand and stronger dollar drive down gold price
      778 8 COMMODITIES AFP London GOLD prices hit multi-year low points last week, hit by a stronger dollar and weak Chinese demand. With prices of metals generally weak, mining groups Anglo American and Lonmin on Friday announced plans to cut their headcounts
      AFP  -  778 words
    • Article
      Lock icon MOST ACTIVE
      36 8 VOLUME Foreland FabriT 602,338,200 Qingmei 556,910,900 New Silkroutes 438,626,700 CEFC Intl 410,998,400 SinoConstruction 342,090,000 Market volume 12,821,769,000 VALUE Singtel 377,121,924 DBS Grp 324,331,282 Global Logistic 286,699,411 OCBC Bank 211,712,547 Noble 171,441,814 Market value 5,052,286,000
      36 words
    • Article
      Lock icon SGX ETFs Most Active
      108 8 Fund Last sale +/-(‘000) Wk high/low 52w high/low Buy/Sell Mcap IS MS INDIA US$ US764 -4 1167 774/756 1000/696 760/764 95.5 STI ETF 341 unch 617 343/339 355/319 340/341 Nikko AM STI ETF 341 +1 439 344/340 422/324 340/341 8.2 UETF SSE50China 270 -3 405 283/268
      108 words
    • Article
      Lock icon COMPANY MEETINGS
      132 8 COMPANY MEETING PLACE DATE TIME Accordia Golf Tr A Connection 1 2 (Lvl 3) Amara Singapore 165 Tanjong Pagar Road 27-Jul 2.00pm Alpha Energy A Spoon Mashie Rm S'pore Island Cty Club 240 Sime Road 27-Jul 10.00am Armarda Group Ltd A Room 301 (Lvl 3) 27-Jul 3.00pm S
      132 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Jul 24 VALUE CLOSE BT OB/OS 253.00 -62.00 BT CADI -*****.00 -62.00 BT 10-day MA -*****.00 +25.00 FTSE ST Mid Cap 755.26 +0.66 FTSE ST Small Cap 468.59 -1.53 FTSE ST All Share 801.52 -0.75 FTSE ST China Top 194.17 -0.15 FTSE ST China 235.74 +0.68 FTSE
      77 words
    • Article
      Lock icon Keeping the ringgit below US$3.80
      404 9  -  CURRENCIES By Daniel Ang T The writer is an investment analyst at Phillip Futures. GIVEN Malaysia’s strong Q1 GDP growth at 5.6 per cent and inflation being kept at a healthy level of 2.5 per cent, we were expecting the ringgit to remain strong. Even
      404 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 Jul 24 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.951 4.532 0.667 5.657 46.670 98.172 0.905 8.534 2.779 1.110 74.286 33.200 1.001 9.117 0.701 22.935 25.470 0.471 0.730 Canada 1.051 4.765
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      • Article, Illustration
        Lock icon HANG SENG
        3 9 WEEKLY
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        3 9 COMPOSITEWEEKLY
        3 words
      • Article, Illustration
        Lock icon NIKKEI
        2 9 WEEKLY
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      • Article, Illustration
        Lock icon DOW JONES
        3 9 WEEKLY
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 9 Jul 24 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0006 1.0013 0.7297 0.7301 Canadian dollar 1.0522 1.0526 0.7675 0.7673 Euro 1.5016 1.5020 1.0950 1.0952 NZ dollar 0.9018 0.9025 0.6576 0.6581 Sterling pound 2.1233 2.1240 1.5484 1.5488
        155 words
      • Article
        Lock icon US$/S$ FORWARD RATES
        22 9 Jul 24 S$ Bid Offer 1-month 1.3721 1.3723 2-months 1.3729 1.3731 3-months 1.3742 1.3748 6-months 1.3751 1.3754 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        401 9 Jul 24 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES SPOT *****.59 *****.25 *****.95 Jul15 *****.00 *****.00 *****.50 *****.00 *****9 *****0 Aug15 *****.00 *****.00 *****.00 *****.50 ***** *****2 NIKKEI 225 INDEX FUTURES SPOT *****.63 *****.54 *****.78 Sep15 *****.00 *****.00 *****.00 *****.00 ***** *****3 Dec15
        401 words
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES Most active
        207 9 Jul 24 Prem Expiry Wk Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left WE Holdings Ltd W*****5 0.2 0.1 *****5 1 0 1 Elektromotive Group w*****5 0.1 unch *****2 1 1 58 FTSEChinaA50 ***** MBeCW*****9 10.3 -1.6 ***** 0.0
        207 words
      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        373 9 In local curr In S$ In US$ dy yr dy yr dy yr Jul 24 Index Change Change Change Change Change Change World Preliminary 1338.5 -0.5 4.9 -0.3 6.2 -0.6 2.5 EAFE Preliminary 1086.6 -0.8 10.1 -0.5 8.6 -0.9 4.9 Europe Preliminary 1508.1 -0.9 9.1
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 9 Jul 24 $S Offer Bid 0vernight 0.08 0.03 1-month 0.6875 0.5625 2-months 0.75 0.625 3-months 0.8125 0.6875 Overnight mode: 0.30 US$ Offer Bid 7 days 0.22 0.12 1 month 0.23 0.13 2 months 0.28 0.18 3 months 0.40 0.20 6 months 0.60 0.40 9 months 0.80 0.60 12
        154 words
      • Article
        Lock icon SIBOR
        36 9 Jul 24 1 mth 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 1.***** SWAP Offer rates 1 mth 0.***** 3 mths 0.***** 6 mths 1.***** Source: Thomson Reuters
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      • Article
        Lock icon GOVERNMENT SECURITIES
        61 9 Jul 24 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 102.34 5-Year N*****0S 2.000 01-Jul-20 99.72 99.90 99.75 10-Year NX*****Z 2.375 01-Jun-25 97.51 97.75 97.73 15-Year NY*****E 2.875 01-Jul-29 99.47 20-Year NZ*****V 3.375 01-Sep-33 105.41 30-Year NA*****N 2.750 01-Apr-42
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        248 9 Jul-24 Price Net change change Last Trade Agricultural Jul-24 CBOT Soybeans (US cents/bu) 991.25 -18.75 -1.86% 14/08/2015 CBOT Soybean Oil (US cents/lb) 30.48 -0.71 -2.28% 14/08/2015 CBOT Wheat (US cents/bu) 511.75 -9.75 -1.87% 14/09/2015 Jul-24 LIFFE Cocoa (£/tonne) 2131.00 -34.00 -1.57% 15/09/2015 LIFFE Coffee (US$/tonne) 1789.00 -11.00 -0.61%
        248 words
    • Article
      Lock icon Critics of SGX should put things in perspective
      750 10  -  HOCK LOCK SIEW BY R SIVANITHY sivan@sph.com.sg @RSivanithyBT ALL those with an interest in the local stock market, from retail investors to brokers and fund managers, have their own wish list of changes and improvements they would like the new Singapore Exchange
      750 words
    • Article
      Lock icon DIVIDENDS ANNOUNCED
      1060 10 Payment Ex Rec Pay Ann (cts) date date date date AIMS Prop df 0.093 26-Jun 30-Jun 18-Sep 24-Jun Azeus Systems bn 1.230 22-Jul 24-Jul 06-Aug 13-Jul Azeus Systems bn 123.000 22-Jul 24-Jul 06-Aug 09-Jul Ban Leong Tech ak 1.000 31-Jul 04-Aug 14-Aug 28-May Boustead S'pore Ltd ak 2.000
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    • Article
      Lock icon Shareholding spread enough to enable operation of orderly market: CEFC
      333 10  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore PETROCHEMICAL and fuel oil trader CEFC International on Sunday said its latest shareholding data shows that its shareholding spread is sufficient to enable the operation of an orderly market. This came after the Singapore
      333 words
    • Article
      Lock icon PRIME LENDING RATES
      269 10 JUl 24 BANKS Agricultural Bank Of China 5.50 Agricultural Bank Of China Bangkok Bank Public Co. Ltd 6.00 Bank of China Limited ...5.50 Bank of Communications 5.50 6.00 Bank of China Limited ...5.50 Bank of Tokyo-Mitsubishi ...5.50 Banque Internationale a ...5.75 Bank of Singapore ...5.50 Cathay United
      269 words
    • Article
      Lock icon BROKERS’ RECOMMENDATIONS
      1323 10 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (times) Accordia Golf Trt 1.00 1.00 1 0.06 10.71 0.96 0.65 AIMS AMP Cap Industrial Reit 1.00 1.00 2 0.12 12.82 1.68 1.50 Ascendas India Trt 1.33 1.50 1 0.05
      1,323 words
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      116 7 r 3 1 1 I SAVED $245 ON CAR INSURANCE AND BOUGHT IN-CAR CAMERAS. M mm W f A Raymond, Direct Asia customer itdlL 5 v k 1 V' Vi, You too can spend your money a smarter wav/. Contact us to find out hoai much you can save. 6665
      116 words
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  • Page 9 Advertisements
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      Lock icon Page 9 Advertisements Column 1
      164 9 Trade NDFs Online with Phillip Futures An Asian Financial Flouse with a Global Reach WJ 6538 0500 futures@phillip.com.sg www.phillipfutures.com.sg 250 North Bridge Road #07-01 Raffles City Tower iHSPhiMipCapital Singapore *****1 Your Partner In Finance This advertisement is for general information only and does not constitute a recommendation, offer or solicitation
      164 words
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Japan developer sells 10b yen of debt to individuals
      639 11 Tokyo Tatemono’s offering is the first in more than a decade and comes after robust sales of top-floor condominiums in the capital costing more than US$3m BLOOMBERG Tokyo TOKYO Tatemono Co sold the first bonds by a Japanese property developer to
      BLOOMBERG; PHOTO: BLOOMBERG  -  639 words
    • Article
      Lock icon Hedge funds set to lease record space in Mayfair, St James’s
      412 11 BLOOMBERG London HEDGE funds and private equity firms are on track to lease a record amount of space in London’s Mayfair and St James’s neighbourhoods this year as an influx of wealthy investors makes the city a more attractive
      BLOOMBERG  -  412 words
    • Article
      Lock icon Brazil building execs accused in ‘Carwash’ graft scandal
      529 11 BLOOMBERG Rio de Janeiro FEDERAL prosecutors formally accused executives from Brazil’s top builders of participating in the country’s biggest corruption scandal in history. Prosecutors on Friday accused Marcelo Odebrecht, chief executive officer of Odebrecht SA, and Otavio Marques de Azevedo, president of
      BLOOMBERG  -  529 words
    • Article, Illustration
      Lock icon Airbnb hires Blackstone’s Laurence Tosi as CFO
      447 11 WP New York AIRBNB Inc has hired Blackstone Group LP’s Laurence Tosi as chief financial officer of the home-sharing startup, filling a position left vacant since Andrew Swain left last year. “LT’s expertise in hospitality and finance is the perfect combination to help
      WP  -  447 words
    • Article
      Lock icon Blackstone unit buys 25 Manhattan apartment buildings: source
      496 11 BLOOMBERG Seattle A VENTURE led by Blackstone Group LP has agreed to buy 25 Manhattan apartment buildings for about US$700 million in the private equity firm’s first purchase of rental housing in the borough, a person with knowledge of the transaction said.
      BLOOMBERG  -  496 words
    • Article
      Lock icon Largest US mall owner posts 22% jump in Q2 funds from operations
      225 11 BLOOMBERG New York SIMON Property Group, the largest US mall owner, reported a 2 2 per cent jump in second quarter funds from operations and increased its full year forecast as rising employment helps lure in shoppers. FFO
      BLOOMBERG  -  225 words
  • Page 11 Advertisements
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      Lock icon Page 11 Advertisements Column 1
      31 11 PAYA UBI INDUSTRIAL PARK $1.50psf $350psf ONWARDS LEASE SALE 200 to 7,500 sq ft Own parking space (not inclusive in listed area) Tel: 9090 2222 Office: 53 Ubi Avenue 1 #01-11
      31 words
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  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon When a giant sneezes
      3777 12 THIS WEEK’S TOPIC: What are the consequences of China’s recent stock market crash for the Chinese economy and for businesses in the region? David Emery Chairman Reciprocus International Pte Ltd CRITICS see China’s recent stock market crash as “doomsday” for the Chinese economy as well as
      PHOTO: REUTERS  -  3,777 words
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      489 13 m J HONORING THE BEST IN LOCAL ENTERPRISES 9 RISING TO PROMINENCE 0 PSiAESO 20/S The Promising SME 500 2015 Brand Campaign has been a phenomenal success thus far. With a stellar cast of the most talented business minds in Singapore, we are proud to be a national platform that
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  • BT-CITIBANK YOUNG INVESTORS’ FORUM
    • Article, Illustration
      Lock icon Another Great Depression in the making?
      1626 14  -  A bleaker global outlook can arise from the reliance on the dollar, deflation, and a lack of leadership, at a time of weak growth and an impending rate hike By Craig Botham T The writer is an emerging markets economist at Schroders. THE question
      THE STRAITS TIMES ILLUSTRATION  -  1,626 words
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      Lock icon The case against Depression
      1053 14  -  The global economy faces weak growth, not a collapse, amid available liquidity and stronger banking systems By Keith Wade T The writer is Schroders chief economist and strategist. WHILE it is true that there are similarities between the present day and the pre-Depres-sion period surplus countries
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      105 14 GET STARTED NOW Be a young investor Do you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to
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  • BANKING & FINANCE
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      873 15 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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      179 15 In the Matter of The Companies Act (Chapter 50) And In the Matter of TENG TAT TRADING PTE LTD UEN:*****0527G (In Members’ Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN, pursuant to Section 308(2) of the Companies Act (Chapter 50), that a Final Meeting of the members of
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  • ENERGY & COMMODITIES
    • Article
      Lock icon Apollo seeking to raise US$3b for its new natural resources fund
      450 16 Slump in commodities prices has created fresh investment opportunities in energy, mining and agriculture, particularly in North America REUTERS Boston PRIVATE equity firm Apollo Global Management, LLC is seeking to raise as much as US$3 billion for its new
      REUTERS  -  450 words
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      Lock icon Hedge funds in net-short position on gold for first time
      228 16 BLOOMBERG New York HEDGE funds are holding the first ever bet on a decline in gold prices since the US government started collecting the data in 2006. The funds and other speculators shifted to a net-short position of 11,345 contracts
      BLOOMBERG  -  228 words
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      Lock icon Total seeks buyer for half of Texas refinery
      590 16 REUTERS New York FRENCH oil major Total SA is selling a 50 per cent stake in its sole US refinery in Port Arthur, Texas, and has retained investment bank Lazard to advise on the deal, according to a source familiar with the
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      Lock icon Investors seek miners that can weather storm ahead
      376 16 REUTERS London A SLUMP in metals prices last week and worries over China’s growth prospects have heightened investor scrutiny of whether mining companies have the ability to weather the storm ahead. China accounts for almost half of global copper demand, 70 per
      REUTERS  -  376 words
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      Lock icon Mafia and multinationals milk Italy’s green energy boom
      850 16 AFP Narbolia, Italy THOUSANDS of solar panels glint in the sun, but the prized farmland beneath lies barren. While the Italian island of Sardinia revels in a renewable energy boom, the long arm of organised crime risks sullying its clean power ambitions.
      AFP; PHOTO: AFP  -  850 words
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      61 16 11 1C FACILITIES MANAGEMENT i I SOLUTIONS EXPO 2016 LEADING REGIONAL \sSHSl FACILITIES MANAGEMENT EXHIBITION a w J Redefining f SWMMia 1 Facilities* j^anaqernfenfjl ■m -*> PREMIUM SPACES AVAILABLE! Contact us today at fmse@sph.com.sg or call +65 6590 3415 Visit www.fmse.com.sg for more information! irwT Organised by: Co-located with: ((sphere
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      60 16 comex SINGAPORE’S BIGGEST I.T. AND CONSUMER ELECTRONICS EXHIBITION BOOK YOUR SPACE! SELL YOUR TECH PRODUCTS SERVICES TO THOUSANDS OF CONSUMERS DIRECTLY 3-6 SEP 2015 SUNTEC SINGAPORE L3.4&6 TRADE-IN-FASHION TIME TECH SHOWCASE BRAND TIME AUCTION TIME WORLD OF GAMING BOOTH BABES CONTEST Reserve your booth Tel: 6747 4620 El sales@exhibitsinc.com.sg www.comexshow.com.sg
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  • TECHNOLOGY
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      Lock icon Striving for gender equality in Silicon Valley
      1279 17 Pay gap between men and women receiving fresh scrutiny; many firms trying to fix problem but none are likely to bridge salary disparity on their own NYT New York MARC Benioff, co-founder and chief executive of Salesforce, was riding high a couple of
      NYT; PHOTOS: NYT, BT FILE PHOTO  -  1,279 words
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      Lock icon Technology, while not a fountain of youth, can make ageing safer
      940 17 NYT New York JEAN Dickow, 78, never wanted the latest whiz-bang technology. But her gadget-friendly daughter, who lives in Norway, was worried that Ms Dickow would fall in her apartment and no one would know. So Ms Dickow was
      NYT  -  940 words
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      781 17 A Special Feature presented to you by the Institute of Systems Science at The National University of Singapore {NUS-ISS) DEVELOPING NEXT GENERATION IT LEADERS FOR THE DIGITAL AGE If you’re tasked with or involved in leading digital transformation and IT management, the new NUS Master’s degree in IT Leadership will
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  • CONSUMER
    • Article
      Lock icon Pearson in talks to sell 50% stake in The Economist
      544 18 One other shareholder of the weekly newspaper, Italy’s Agnelli family, confirms it wants to increase its holding; a deal is likely to take several weeks, says a source REUTERS London BRITAIN’S Pearson is in talks to sell its 50 per
      REUTERS  -  544 words
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      Lock icon Toshiba scandal exposes Japan Inc’s governance flaws
      811 18 AFP Tokyo TOSHIBA’S billion-dollar accounting scandal has shone a light on a corporate culture in Japan still beset by collusion in its senior ranks, unquestioning employees and poor external controls, experts say. The vast 140-year-old conglomerate was hammered this week by embarrassing revelations
      AFP; PHOTO: BLOOMBERG  -  811 words
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      Lock icon GE books US$2.5 billion in African orders from oil to locomotives
      490 18 BLOOMBERG Nairobi GENERAL Electric Co booked US$2.5 billion of orders from sub-Saharan Africa in the past 11 months, including oil and gas equipment for Eni SpA in Ghana and locomotives for Angola. That figure is US$500 million more than
      BLOOMBERG; PHOTO: AFP  -  490 words
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      Lock icon Teva said to be close to buying generic drug unit of Allergan
      345 18 NYT Petah Tikva, Israel TEVA Pharmaceuticals is in advanced talks to buy the generic drug division of Allergan for about US$45 billion, a person briefed on the matter said on Saturday. A deal could be announced as soon
      NYT  -  345 words
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      62 18 15th 16th August 2015 Suntec Singapore Convention Exhibition Centre Level 4, Exhibition Hall 403 404 Expand Your Investment Horizon Invest with Confidence Market Outlook Panel Discussion: Featuring the Industry’s Sharpest Minds hosted by Diana Ser UP-CLOSE WITH “Small Change: Turning Cents Into Dollars” Join us and witness the winning portfolio
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  • GOVERNMENT & ECONOMY
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      Lock icon India’s reforms target labour anarchy, but too late for some
      857 19 Proposed changes will increase flexibility to hire, and fire, seasonal workers but are also likely to hike costs for firms REUTERS New Delhi LAST month, hundreds of workers went on the rampage at a factory belonging to garment exporter Orient
      REUTERS; PHOTO: REUTERS  -  857 words
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      Lock icon India aims to unlock value of its far-flung islands
      877 19 REUTERS jirkatang, India BOLLYWOOD music blares from a line of food stalls serving tourists outside the entrance to a thickly forested tribal reserve on India’s far-flung Andaman and Nicobar Islands. Beyond the barrier patrolled by police, a few hundreds members of
      REUTERS  -  877 words
    • Article
      Lock icon Eurozone urged to drop debt-fuelled growth model
      922 20  -  Ultra-low short and long-term interest rates have caused speculation which could lead to another crash, warns BIS By Neil Behrmann btworld@sph.com.sg London THE eurozone’s massive debt burden continues to weigh on the region’s growth and the Greece debacle is a warning of further
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      Lock icon Job insecurities mar Spain’s labour rebound
      969 20 REUTERS Madrid ERIC Martin, a freelance property agent, also drives trucks and sometimes moonlights as a football referee. After more than 10 years of odd jobs, he has still not landed the one thing he really wants a permanent contract, in any position. The
      REUTERS; PHOTO: REUTERS  -  969 words
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      629 19 NOTICES CHINA SKY CHEMICAL FIBRE CO., LTD (Incorporated in the Cayman Island) Company Registration Number: CT -*****9 NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (the “EGM”) of China Sky Chemical Fibre Co., Ltd (the “Company”) will be held at Vine I Ballroom, Metropolitan
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      141 20 iiSGPF air Singapore Gifts Premiums Fair 2015 29-31 JULY 2015 Marina Bay Sands, Singapore Sands Expo and Convention Centre Level 1, Hall B C Download our GOP 2015 Mobile App for FREE Navigate your way around the hall, search for exhibitors'information, and much more! www.guidebook.com/app/gop2015 Don't forget to check out
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      29 20 SINGAPORE BL G AWARDS Iff JP gp W, TS S? 2 0 15 HERE COMES THE BEST! m w ’j St-50 Winners List Awards Ceremo highlights sgblogawards.omy.sg Organiser: www.omy.sg
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      31 20 HAPPY 50TH BIRTHDAY,SINGAPORE! This National Day, check out the August issue that’s jam-packed with tips and tricks galore on how to live well past SG100! GRAB YOUR AUGUST ISSUE NOW! MENSHEALTH.COM.SG
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      25 21 Lifestyle An independent voice BTLifestyle offers a candid view of the food, arts, travel, design and entertainment scene in Singapore and beyond. businesstimes.com.sg/lifestyle btlifestyle thebusinesstimes
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  • TRANSPORT
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      Lock icon Indonesia floats port expansion to boost economy
      810 21 AFP Jakarta CONTAINER ships dot the horizon off the coast of Jakarta, as cranes and labourers work on an ambitious, econo-my-boosting project to expand the port network in the world’s largest archipelago nation. New Priok will be Indonesia’s biggest port once completed, and
      AFP; PHOTO: AFP  -  810 words
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      Lock icon Equipment reliability of Dreamliner leaves supplier with unsold spare parts
      414 21 BLOOMBERG Chicago AFTER early hiccups, Boeing Co’s 787 Dreamliner is turning into a stellar performer for airlines. That’s creating an unexpected headache for the company that makes the plane’s cockpit displays. The problem: Rockwell Collins Inc finds itself with a
      BLOOMBERG  -  414 words
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      Lock icon US Congress nowhere near a deal as highway fund deadline nears
      477 21 BLOOMBERG Washington US Senate action on legislation to fund the nation’s roads and bridges for three years will stretch into the week, just days before a July 31 deadline, putting pressure on both chambers to consider a short-term extension.
      BLOOMBERG  -  477 words
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      Lock icon US airlines surge but plenty of challenges still lie ahead
      483 21 The 4 biggest carriers have seen their earnings spike but there are doubts about long-term profitable levels AFP New York MAJOR US airlines are facing a boon thanks to lower fuel prices and enjoying record profits, but doubts remain as
      AFP  -  483 words
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    1926 22 MONTREAL 10 120 29/7 30/7 4/8 MONTREAL 10 120 29/7 30/7 4/8 EASTERN CAR LINER, LTD SPECIALIZE IN RORO HEAVY LIFT INTRA-ASIA SERVICE VOY Ramp(KT) Lifting(KT) SIN PG PKL KK JKT SUR SEA CORAL 71 60 31/7 1/8 3/8 4/8 POSITIVE STAR 108 100 29/7
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      104 22 Experienced Stl/p maintenance services wanted. Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 THEBLSINRSSTI.MtS SHIPPING TIMES Make A Splash In The Maritime World Via sj5i.Sfnaritime.coM Ahoy there! If you are in a business pertaining to any sector of the maritime
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  • DINING OUT
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      Lock icon Stepping into the spotlight
      1062 23  -  The heart of Cure lies in its sizeable open kitchen from which Chef Andrew Walsh dispenses good eats and culinary philosophy. BY JAIME philosophy.BY JAIME EE jaime@sph.com.sg @JaimeEeBT NEW RESTAURANT Cure 21 Keong Saik Road Tel: 6221-2189 Open for dinner Mon to Sat from 6pm. Lunch
      PHOTOS: YEN MENG JIIN  -  1,062 words
  • Page 23 Advertisements
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      354 23 STPROPERTY SEMINAR Grow Your Returns Through Real Estate Investment in Singapore the Asia Pacific ES3- ATTEND OUR SEMINAR FOR A CHANCE TO WIN PRIZES WORTH UP TO $1,200! All prices are inclusive of GST TICKETS NORMAL EARLYBIRD* 1- Pass $30 $22 2- Pass $40 $35 'Early bird price ends 31
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  • LIFE & CULTURE
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      Lock icon Two more schools to receive Sing50 baby grand pianos
      849 24  -  Canberra Primary and Yu Neng Primary are the second and third schools to benefit from the initiative. BY NIKITA MATHUR Singapore TWO more schools will receive Stein-way-designed Lang Lang baby grand pianos, as part of the Sing50 Fund’s “Adopt-A-Piano” initiative. Canberra
      PHOTO: SHAWN TEO  -  849 words
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      Lock icon Passing on wedding gifts, millennials prefer cash
      938 24 NYT New York WHEN it comes to registering for gifts, a generational sea change has developed, with more and more millennial couples asking their guests to consider holding the gravy ladles and shelving the dishes in favour of gifts of a very different
      NYT; ILLUSTRATION: TOM BLOOM/NYT  -  938 words
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      Lock icon Hungarian GP: Vettel wins for Bianchi and Ferrari on emotionally charged day
      367 24 AFP Budapest GERMAN driver Sebastian Vettel delivered an emotional high-speed tribute to his late colleague Jules Bianchi on Sunday when he stormed to victory for Ferrari in a dramatic and inci-dent-filled Hungarian Grand Prix. The four-time world champion
      AFP  -  367 words
  • Page 24 Miscellaneous
    • Miscellaneous
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      331 24 CRYPTIC CROSSWORD Across 1 Poor type for mixing after introductions to people at receptions? (5-6) 9 Study limitations of tenor singer—or another? (9) 10 Comparatively clean river in jungle of Peru (5) 11 Reluctant rock explorers heading off East (6) 12 Restraint shown in duke’s bash? (8) 13 Pastry from
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