Transport & Logistics
On track: Midas Holdings’ Q2 earnings up 15% to RMB63m
On track: Midas Holdings’ Q2 earnings up 15% to RMB63m
And metro and export wins could bolster Midas’ current RMB1.1bn order book.
Macroeconomic factors to put brakes on Asia Pac’s transport sector
Higher oil prices, such as the 46% increase in jet fuel prices, have lowered companies' profitability.
ComfortDelGro’s net profit up 2.9% to $59.9m in Q2 2011
And 37% of its $843m revenue came from overseas bus operations.
Up, up, and away: Transport & storage sector jumps 4.1%
The sector took off due to buoyant air travel demand.
Good news: Fare hike won’t leave you walking after all
Public transport fares are going up but help will be extended to the needy through vouchers.
Circle Line to be completed in October
Daily ridership for the 28 stations is pegged at 400,000.
Midas' associate clinches two deals worth RMB3.13b
The first contract worth RMB2.15b is for the supply of 46 train sets to the Nanjing Metro Line 3 Project.
Lucky 13: Additional train cars eyed for Bukit Panjang LRT
The 13 additional cars would provide additional capacity of about 50%.
Snail's pace: SingPost's profit down 3.5% to S$39.2m
Revenue was up but so were total expenses which jumped 6% to S$109.3m.
Derailed: SMRT profit down to $34.8m
The company is off track because of energy costs rising by 32.7% or $9.9m for the first quarter.
Asia’s steel sector stable over the next 12-18 months
But don’t be too confident, as Moody's Investors Service says that this outlook has a negative bias.
ST Engineering unit to provide MAN buses to SMRT
The deal with SMRT Buses is its first city bus contract as Singapore’s exclusive distributor of MAN Truck & Bus.
Pay up or walk
Public transport operators have applied to increase bus and train fares due to rising costs.
NOL charts new direction
Its strategy now is chartering 70% of overall capacity, making it flexible to reduce fleet count during a slowdown.
Shaky waters still ahead for NOL
Analyst says prospects remain weak for Neptune Orient Lines amidst fierce competition amongst carriers and poorer utilization levels.
Turning the tide: NOL carries more cargo
And NOL has higher volumes on intra-Asia and Asia-Europe routes to thank.
SingPost raises stake in Malaysian BPO company
It has acquired 35 million ordinary shares in Efficient, upping its stake to 20.12%.
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