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		<title>Invest for Living</title>
		<link>http://investforliving.wordpress.com</link>
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		<item>
		<title>UOB NIM and trading income rebound</title>
		<link>http://investforliving.wordpress.com/2012/02/24/uob-nim-and-trading-income-rebound/</link>
		<comments>http://investforliving.wordpress.com/2012/02/24/uob-nim-and-trading-income-rebound/#comments</comments>
		<pubDate>Fri, 24 Feb 2012 14:14:50 +0000</pubDate>
		<dc:creator>Ramona Morse</dc:creator>
				<category><![CDATA[SGX]]></category>
		<category><![CDATA[UOB]]></category>
		<category><![CDATA[UOB Bank]]></category>

		<guid isPermaLink="false">http://investforliving.wordpress.com/?p=542</guid>
		<description><![CDATA[4Q11 results were in line; NIM recovered while higher provisions were set aside for AFS portfolio 40 Scts final DPS declared as expected; scrip dividend not applicable Earnings raised by 3-5% after raising loan and deposit growth with NIM expected to stabilise Downgrade to Hold but TP raised to S$19.50; stock has rallied 20% YTD [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=investforliving.wordpress.com&amp;blog=15127111&amp;post=542&amp;subd=investforliving&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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		<title>ST Engineering Ends on a strong note</title>
		<link>http://investforliving.wordpress.com/2012/02/24/st-engineering-ends-on-a-strong-note/</link>
		<comments>http://investforliving.wordpress.com/2012/02/24/st-engineering-ends-on-a-strong-note/#comments</comments>
		<pubDate>Fri, 24 Feb 2012 14:03:44 +0000</pubDate>
		<dc:creator>Ramona Morse</dc:creator>
				<category><![CDATA[SGX]]></category>
		<category><![CDATA[ST Engineering]]></category>
		<category><![CDATA[STE]]></category>

		<guid isPermaLink="false">http://investforliving.wordpress.com/?p=540</guid>
		<description><![CDATA[FY11 net profit of S$527m was slightly above; higher final DPS of 12.5Scts (FY10: 11.5Scts) Record S$12.3bn orderbook provides good visibility, but growth is unexciting Maintain HOLD with higher TP of S$3.25 Stronger US$ in 4Q, better results. STE reported better-than-expected results in 4Q11, driven by higher revenues and better margins in a stronger US$ [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=investforliving.wordpress.com&amp;blog=15127111&amp;post=540&amp;subd=investforliving&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">investforliving</media:title>
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		<title>Cosco Corporation Sinking lower</title>
		<link>http://investforliving.wordpress.com/2012/02/24/cosco-corporation-sinking-lower/</link>
		<comments>http://investforliving.wordpress.com/2012/02/24/cosco-corporation-sinking-lower/#comments</comments>
		<pubDate>Fri, 24 Feb 2012 13:48:12 +0000</pubDate>
		<dc:creator>Ramona Morse</dc:creator>
				<category><![CDATA[SGX]]></category>
		<category><![CDATA[Cosco Corporation]]></category>

		<guid isPermaLink="false">http://investforliving.wordpress.com/?p=537</guid>
		<description><![CDATA[FY11 net profit down 44%, in line with expectations Higher provisions for losses from shipbuilding and offshore in 4Q11 eroded positive surprise from shipping Pressure to top up order book could lead to unprofitable newbuild contracts for shipbuilding FY12-13F earnings cut by 21-27% on lower margin assumptions and higher interest burden, expect lower FY12 earnings [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=investforliving.wordpress.com&amp;blog=15127111&amp;post=537&amp;subd=investforliving&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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		<title>CapitaCommercial Trust Entrench in Tanjong Pagar</title>
		<link>http://investforliving.wordpress.com/2012/02/23/capitacommercial-trust-entrench-in-tanjong-pagar/</link>
		<comments>http://investforliving.wordpress.com/2012/02/23/capitacommercial-trust-entrench-in-tanjong-pagar/#comments</comments>
		<pubDate>Thu, 23 Feb 2012 13:03:13 +0000</pubDate>
		<dc:creator>Ramona Morse</dc:creator>
				<category><![CDATA[SGX]]></category>
		<category><![CDATA[CapitaCommercial Trust]]></category>
		<category><![CDATA[CCT]]></category>

		<guid isPermaLink="false">http://investforliving.wordpress.com/?p=535</guid>
		<description><![CDATA[Acquires 20 Anson Road at NPI yield of 4% including a $17.1m stabilisation sum Strong cash position to fund acquisition, a 4-7% boost to FY12/13 yields Maintain BUY at a lower TP of S$1.30 Acquires asset at 4% NPI yield. CCT is buying 20 Anson Road for S$446.6m or S$2,205psf of net lettable area (NLA), [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=investforliving.wordpress.com&amp;blog=15127111&amp;post=535&amp;subd=investforliving&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">investforliving</media:title>
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		<title>Wilmar International Over-reaction to soft results</title>
		<link>http://investforliving.wordpress.com/2012/02/23/wilmar-international-over-reaction-to-soft-results/</link>
		<comments>http://investforliving.wordpress.com/2012/02/23/wilmar-international-over-reaction-to-soft-results/#comments</comments>
		<pubDate>Thu, 23 Feb 2012 12:57:04 +0000</pubDate>
		<dc:creator>Ramona Morse</dc:creator>
				<category><![CDATA[SGX]]></category>
		<category><![CDATA[Wilmar International]]></category>

		<guid isPermaLink="false">http://investforliving.wordpress.com/?p=533</guid>
		<description><![CDATA[4Q11 core profit of US$264.5m (+125% y-o-y) came below the expected US$451m Weak palm oil refining margins in EU, China and Malaysia offset boost from Indonesia; China oilseeds crushing margins remain challenging FY12-14F earnings cut by 7-9% on weak sales volumes on reduced merchandising demand Maintain Buy on revised TP of S$5.80 4Q11 profit below. [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=investforliving.wordpress.com&amp;blog=15127111&amp;post=533&amp;subd=investforliving&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">investforliving</media:title>
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		<title>CapitaMalls Asia Up stakes in Japan assets</title>
		<link>http://investforliving.wordpress.com/2012/02/23/capitamalls-asia-up-stakes-in-japan-assets/</link>
		<comments>http://investforliving.wordpress.com/2012/02/23/capitamalls-asia-up-stakes-in-japan-assets/#comments</comments>
		<pubDate>Thu, 23 Feb 2012 12:34:50 +0000</pubDate>
		<dc:creator>Ramona Morse</dc:creator>
				<category><![CDATA[SGX]]></category>
		<category><![CDATA[CAPITAMALLS ASIA]]></category>
		<category><![CDATA[Chitose Mall]]></category>
		<category><![CDATA[CMA]]></category>
		<category><![CDATA[Ito Yokada Eniwa]]></category>
		<category><![CDATA[Narashino Shopping Centre]]></category>

		<guid isPermaLink="false">http://investforliving.wordpress.com/?p=531</guid>
		<description><![CDATA[Acquires stakes in 3 assets for S$217m Earnings accretive and adds 1.5-2.5% to bottomline Maintain Buy with TP $2.02 Increases stake in Japan assets. CMA is buying the remaining stakes in 3 assets in Japan currently held through its Japan Fund. The acquisition comprises the remaining 73.71% share in La Park Mizue in Tokyo, Izumiya [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=investforliving.wordpress.com&amp;blog=15127111&amp;post=531&amp;subd=investforliving&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">investforliving</media:title>
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		<title>Tiger Airways Every cub has its day</title>
		<link>http://investforliving.wordpress.com/2012/02/22/tiger-airways-every-cub-has-its-day/</link>
		<comments>http://investforliving.wordpress.com/2012/02/22/tiger-airways-every-cub-has-its-day/#comments</comments>
		<pubDate>Wed, 22 Feb 2012 14:18:10 +0000</pubDate>
		<dc:creator>Ramona Morse</dc:creator>
				<category><![CDATA[SGX]]></category>
		<category><![CDATA[Air Australia]]></category>
		<category><![CDATA[PT Mandala Airlines]]></category>
		<category><![CDATA[Tiger Airways]]></category>

		<guid isPermaLink="false">http://investforliving.wordpress.com/?p=529</guid>
		<description><![CDATA[Reactivation of Mandala’s AOC will give Tiger more flexibility in aircraft deployment in FY13 Easier thus for Singapore operations to digest the excess capacity added in FY12 Expect turnaround in 3Q-FY13, and upgrade Tiger to BUY with a higher TP of S$1.01 Fleet deployment now less of a concern. Tiger Airways announced that the Indonesian [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=investforliving.wordpress.com&amp;blog=15127111&amp;post=529&amp;subd=investforliving&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">investforliving</media:title>
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		<title>ARA Asset Management Matter of time</title>
		<link>http://investforliving.wordpress.com/2012/02/22/ara-asset-management-matter-of-time/</link>
		<comments>http://investforliving.wordpress.com/2012/02/22/ara-asset-management-matter-of-time/#comments</comments>
		<pubDate>Wed, 22 Feb 2012 14:13:22 +0000</pubDate>
		<dc:creator>Ramona Morse</dc:creator>
				<category><![CDATA[SGX]]></category>
		<category><![CDATA[ARA]]></category>
		<category><![CDATA[ARA Asset Management]]></category>
		<category><![CDATA[ARAAM]]></category>

		<guid isPermaLink="false">http://investforliving.wordpress.com/?p=527</guid>
		<description><![CDATA[Strong end to FY11; Proposed 2.7 Scts DPS China REIT/ADF2 progress on track; AUM to continue growing cS$2bn/year Maintain BUY. Raised SOTP-based TP to S$1.74 FY11 PATMI of S$68.2m (+7% y-o-y). ARA reported 4Q11 PATMI of S$13.2m (-48%% yoy) bringing FY11 PATMI to S$68.2m (+7%), in line with expectations. Performance would have been stronger at [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=investforliving.wordpress.com&amp;blog=15127111&amp;post=527&amp;subd=investforliving&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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		<title>Yangzijiang Strong sail against the wind</title>
		<link>http://investforliving.wordpress.com/2012/02/22/yangzijiang-strong-sail-against-the-wind/</link>
		<comments>http://investforliving.wordpress.com/2012/02/22/yangzijiang-strong-sail-against-the-wind/#comments</comments>
		<pubDate>Wed, 22 Feb 2012 12:42:51 +0000</pubDate>
		<dc:creator>Ramona Morse</dc:creator>
				<category><![CDATA[Yangzijiang]]></category>

		<guid isPermaLink="false">http://investforliving.wordpress.com/?p=524</guid>
		<description><![CDATA[Expect a strong set of FY11 results Contract momentum to resume in 2H after 3-4 quiet quarters Near term catalyst from possible entry into offshore market and growing shipbreaking activities Maintain BUY; TP raised to S$1.55; offers 18% upside potential and attractive dividend yield of 5% Another record year. We expect Yangzijiang&#60; to churn RMB967m [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=investforliving.wordpress.com&amp;blog=15127111&amp;post=524&amp;subd=investforliving&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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		<title>Hutchison Port Holdings Trust Delivers promises in first year</title>
		<link>http://investforliving.wordpress.com/2012/02/22/hutchison-port-holdings-trust-delivers-promises-in-first-year/</link>
		<comments>http://investforliving.wordpress.com/2012/02/22/hutchison-port-holdings-trust-delivers-promises-in-first-year/#comments</comments>
		<pubDate>Wed, 22 Feb 2012 12:30:40 +0000</pubDate>
		<dc:creator>Ramona Morse</dc:creator>
				<category><![CDATA[SGX]]></category>
		<category><![CDATA[HPH Trust]]></category>
		<category><![CDATA[Hutchison Port]]></category>
		<category><![CDATA[Hutchison Port Holdings Trust]]></category>

		<guid isPermaLink="false">http://investforliving.wordpress.com/?p=522</guid>
		<description><![CDATA[No surprises; 2H11 DPU of 23.4 HKcts (3.0 UScts) in line Volume growth in FY12, though muted, should be more noticeable in 2H12 Look forward to FY12 dividend yield of 8.4% Maintain BUY with TP of US$0.85 Delivers on DPU. 4Q11 revenue came in at HK$3,089m, slightly ahead of our estimates as throughput growth held [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=investforliving.wordpress.com&amp;blog=15127111&amp;post=522&amp;subd=investforliving&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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