Friday, September 12, 2008

Daily news - 11 Sep

Chartered updates Q3 guidance
Chartered Semiconductor Manufacturing - yesterday updated an earlier guidance for its current third quarter. In its customary mid-quarter update, the Singapore contract chipmaker reiterated its earlier Q3 forecast, but said that its revenue and plant capacity utilisation will be at the lower end of its previous guidance range. This is due to 'some changes in customer delivery schedules', the Temasek Holdings-linked company said in a statement. Chartered's third quarter ends on Sept 30.

Sembcorp Marine wins $99m tanker contract
SembCorp Marine – Sembawang Shipyard has won a $99 million contract to convert a 111,567 deadweight ton tanker into a floating, drilling, production, storage and offloading (FDPSO) vessel for Dynamic Producer, a unit of Brazil-based offshore service company Petroserv.

Keppel Offshore and Marine US unit Keppel AmFels, meanwhile, has picked up a US$1.4 million bonus for successful delivery of Scorpion Offshore's fourth jack-up rig.

Noble - Coalmine running normally
Noble Group – In a statement filed with the stock exchange, said one of its coalmine sources in Indonesia's South Kalimantan region is running normally, denying an earlier Reuters report that operations were disrupted by heavy rains, forcing Noble to declare force majeure on shipments, according to Bloomberg.

Strong demand for UOB share offering
United Overseas Bank (UOB) – An offering of preferred shares aimed at institutional investors has closed earlier than expected due to strong demand, indicating success for the bank's S$1 billion deal. The transaction, which also includes a retail tranche, is now oversubscribed, and lead managers HSBC and UOB have stopped taking orders for the institutional portion, according to a Dow Jones report, citing two market sources.

Source: Kim Eng

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