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Singapore UE E&C jumps to record high for dividends
Shares of Singapore-listed construction and engineering firm UE E&C Ltd surged as much as 22 percent to a record high after it posted strong earnings and said it would pay an attractive dividend. By 0211 GMT on Monday, shares of UE E&C were 16.7 percent higher at S$0.525 with over five million shares changing hands. This was 15.6 times its average daily volume over the last five sessions.
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Manufacturing on decline phase by 8.8% In January-
In statistics released by the Economic Development Board, Singapore’s key manufacturing sector churned out 8.8 percent fewer products in January 2012.
Q&M Rides On Record Revenue-
Q&M Dental Group, a private dental healthcare group in Asia reported FY11 earnings growth of 14 percent to $4.6 million on the back on a healthy 22 percent increase in revenue. The FY11 record revenue of $47.7 million was underpinned by growth in revenue from Q&M’s existing dental clinics and contributions from new clinics in Singapore and Malaysia.
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