Keppel and SembCorp regain some appeal, analysts say

Article Abstract:

Singapore's state-run conglomerates Keppel Corp and SembCorp Industries Ltd have received positive ratings from some analysts following changes made in the two firms. The restructuring efforts, coupled with Singapore's positive economic outlook, have made investors reevaluate their perceptions of the two firms. The poor perceptions about Keppel and SembCorp were brought about by the firms' expansion into businesses which were not their specialty. However, despite the positive ratings, analysts were still cautious, considering both firms as long-term investments.

Diversified Companies, Financial analysis, Conglomerate corporations, SembCorp Industries Ltd., Keppel Corporation Ltd.

---

NOL poised to sail

Article Abstract:

Neptune Orient Lines (NOL) is expected to recover from two years of deficits under the guidance of CEO Fleming Jacobs and an increase in freight rates for routes going from Asia to the US. The company, the national shipping line of Singapore, is also planning to raise $500 million that it will use to pay a portion of its outstanding debt of almost $4.5 billion. NOL's problems began in 1997 after it paid $825 million for the acquisition of Oakland, CA-based APL.

Financial management, Deep Sea Foreign Transport, Containerships, Cargo Ships NEC, Prices and rates, Marine transportation, Container ships, Cargo ships, Neptune Orient Lines Ltd.

---

Osprey digs in with magnate, but fails to take off

Article Abstract:

World Shipholding Ltd. has become the majority shareholder for Osprey Maritime acquiring 52% of Osprey in November 2000. However, analysts believe current shareholders will not approve World Shipholding's most recent offer of one Singapore dollar per share for all the ordinary shares in Osprey.

Norway, Securities prices, Deep sea foreign trans. of freight, Water Transportation of Passengers, Parent-to-subsidiary activities, Subsidiary-to-parent activities, LNG Tankers, Statistical Data Included, Investments, Liquefied natural gas industry, Liquefied gas tankers, World Shipholding Group, Osprey Maritime Ltd.

Similar abstracts:

• Abstracts: Blandishments. Time to split. Better broken
• Abstracts: Bertelsmann's plan for EMI merger gains momentum. Warner rejects EMI bid, but case may not be closed. EMI might sell Virgin to assuage EU doubts
• Abstracts: GE and Honeywell seek EU approval through stake sale. GE's purchase of Honeywell earns U.S. approval. Welch touts Honeywell megamerger
• Abstracts: Asia may get glimpse of TV future. Once the darling of analysts, Serome spins some new dials. Google turns to Asian Web market
• Abstracts: Challenging an adjudicator's decision may be a long process. Adjudication: heaven for some, but hell for homeowners

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.