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2010-03-16 05:10
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Posts Tagged ‘engineering’

Deere’s profit falls after drop in sales

In its earnings release, Deere said it expects farmers to remain cautious about new equipment purchases because of the economy. Deere and Co. lost $223 million in the fourth quarter, reflecting big charges and a 28 percent slump in sales as demand for tractors, combines and construction equipment sagged.










Deere & CompanyTractorBusinessEngineering vehicleAgriculture and Forestry

Brokers’ Take

ST Engineering
Nov 5 close: S$2.97
DBS GROUP RESEARCH, Nov 4

THIRD quarter 2009 revenue of S$1.35 billion (down 2 per cent year-on-year, 4 per cent quarter-on-quarter) and net profit of S$120 million (down 7 per cent y-o-y, up 11 per cent q-o-q) were in line, and nine-months 2009 net profit of S$314 million equates to 74 per cent of our full year projections.
Q3 2009 pre-tax profit of S$149 … more

For firms, going green can mean bigger profits

GOING green in manufacturing can go hand in hand with boosting a company’s bottom line, participants at a seminar on sustainable manufacturing were told yesterday.
In fact, it is the way forward for Singapore-based electronics and precision engineering firms, as global businesses move towards sustainable manufacturing, according to trade promotion agency International Enterprise (IE) Singapore. Th… more

Profit-taking could weigh down shares

STOCKS are still sitting on some pretty gains despite the sharp pullback last week. On average, our portfolios are up 3.9 per cent from two weeks ago. The best performing portfolio is the one made up of analysts’ top recommended stocks as of mid-October last year. The portfolio popped 5.9 per cent. Three stocks accounted for the bulk of the gains. Rotary Engineering surged 28 per cent to $1.11. Th… more

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