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Global Logistic Properties 4Q Net Profit Tripled to US$156.5M!
By Dou  •  May 24, 2012

On 24/May, Singapore shares ended lower after data pointing to a slowdown in Chinese manufacturing.

STI ended lower at 2779.53 (0.03%) with LOW VOL of 1.22 billion shares traded compared with 1.35 billion shares Thursday. In the broader market, gainers outnumbered losers 174 to 160. Today STI trend sideways as more investors sidelined for more news ahead.

Headline in STI

Before market close

United Overseas Bank Ltd. (U11.SG, UOVEY) has established a HK$30 billion certificate of deposit program.

After market close

Global Logistic Properties Ltd. (MC0.SG) 4Q net profit tripled to US$156.5 million compared to US$49.2 million a year earlier as the company recognized fair value gains on properties in China and Japan.

Bharti Airtel Ltd. (532454.BY) will pay about $165 million to buy a 49% stake in the Indian broadband wireless access units of Qualcomm Inc.’s (QCOM) as part ...

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By Dou
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