Posts Tagged ‘group research’
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
STI gains on renewed hopes of recovery
RENEWED hopes of an early economic recovery helped to bolster sentiment on the local bourse yesterday.
This was despite a fall in other regional markets, following concerns that China might be looking to curb investments in industries suffering from overcapacity.
In Singapore, the benchmark Straits Times Index (STI) ended 13.8 points higher at 2,642.23.
DBS Group Research said in a report that it … more




