Singapore: Frasers bonds; Si2i e-commerce acquisition; Delong divestment

5 Apr 2017 - DealStreetAsia
In a few corporate developments in Singapore, the manager of Frasers Centrepoint Trust is issuing S$90 million bonds while Si2i is acquiring an e-commerce platform through Affinity Capital and Delong plans to divest its pig iron and steel production assets. Frasers Centrepoint Asset Management, the manager ...
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Delong's unit to sell production capacity for 400m yuan

3 Apr 2017 - Business Times Breaking News
STEEL manufacturer Delong Holdings on Monday said its unit Aoyu Steel plans to sell its pig iron production capacity of 1.08 million tonnes and steel production capacity of 1.21 million tonnes, for an aggregate consideration of 400 million yuan (S$81.1 million). This follows plans by the Hebei province's ...
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Delong says China unit to be affected by steelmaking cuts

18 Jan 2017 - Business Times Breaking News
STEEL manufacturer Delong Holdings says that its subsidiary, Laiyuan County Aoyu Steel Co, Ltd (Aoyu Steel), may be affected by provincial plans to reduce the steelmaking capacity of the Hebei Province in China. Aoyu Steel is located in Baoding, one of the cities affected by such plans.
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Hot stock: Delong surges 35% on thin volume after higher profit guidance

28 Oct 2016 - Business Times Breaking News
SHARES of Delong Holdings surged almost 35 per cent on Friday, a day after the Chinese steel company issued a guidance for a "significant increase" in net profit for the third quarter 2016. Delong shares hit S$0.35 each earlier, up 35 per cent from its close of S$0.26 on Thursday. They were hovering ...
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These highly-indebted corporates will be at risk once interest rates rise

23 Jun 2015 - Singapore Business Review
They have high gearing and low interest rate cover. Higher Singapore interest rates could spell trouble for locally-listed corporates with high gearing. RHB Research released a list of 24 firms which have gearing greater than 120% and an interest cover below 2x. The ten firms with the highest gearing ...
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2 Fascinating Insights about Booms and Busts in Singapore’s Share Market

23 Jun 2014 - The Motley Fool Singapore
Earlier today, I shared an interesting chart (reproduced below) that tracked how expensive or cheap Singapore’s share market is by looking at the number of shares selling below their net current asset values (NCAV). That is, shares that had market capitalisations lower than its total current assets sans ...
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