Century Logistics beats full-year forecast Nov 21, 2009
Century has a cash balance of over RM29mil while its net gearing ratio is 0. 33 times. (The Star Online, Malaysia -- Business)
Amcor turns to US to raise funds Nov 19, 2009
4 billion at June 30, and last month said it will reduce its gearing ratio from 46. 2 per cent to 43. (Sydney Morning Herald -- Business)
China Metal Recycling Plunges as CFO Quits, Says He Was Denied Information Nov 17, 2009
9 million, and the gearing ratio was 8. 3 percent. (Bloomberg -- Asia)
Tutt Bryant first-half profit falls 56% as demand drops Nov 16, 2009
" Revenue at the equipment sales division slumped 37 per cent to $58.3 million as customers found it difficult to access credit at acceptable rates. Revenue at the crane hire business declined 11 per cent to $43.8 million as major resource-related projects were delayed.Sales for the general hire division slipped 39 per cent to $27.4 million as construction and infrastructure projects slowed in the eastern states, where the general hire businesses are located. Tutt Bryant said its balance sheet... (Sydney Morning Herald -- Business)
Sodexo Announces Both Revenue and Operating Profit Growth for Fiscal 2009 Nov 10, 2009
"market" : {"NAME" : "U.S.", "ID" : "us_market", "TZ" : "ET", "TZOFFSET" : "-18000", "open" : "1257863426", "close" : "1257886826", "flags" : {}} , "STREAMER_SERVER" : "http://streamerapi.finance.yahoo.com","arrowAsChangeSign" : false,"throttleInterval": "1000". Search for share prices. (Yahoo! Wire -- Entertainment News)
CCM plans revamp Nov 9, 2009
As at end-FY08, CCMs gearing ratio had deteriorated to 1 ... As the group has already committed to additional capacity expansion over the next three years, we expect its gearing ratio to rise further to about 1. (The Star Online, Malaysia -- Business)
Tradewinds shareholders approved proposed acquisition of Bernas Oct 29, 2009
The takeover of Bernas would increase the Tradewinds gearing ratio to 2 ... Syed Abdul Jabbar said there were plans to bring down the gearing ratio of Tradewinds post-acquisition. (The Star Online, Malaysia -- Business)
* BP Q3 profit halves, but beats forecasts Oct 28, 2009
BP said its debt-to-equity or gearing ratio fell in the quarter, against expectations that it would rise. BP and its rivals had been borrowing this year to meet high dividend payments, or in some cases, cutting their dividends. (Taipei Times, Taiwan -- World)
Tradewinds debt-ridden future Oct 28, 2009
If you include the debts of Bernas into the picture, the total debt figure will surpass RM3bil, giving the merged entity a net gearing ratio of 2. 02 times, more than double Tradewinds net gearing ratio of 0. (The Star Online, Malaysia -- Business)
BP earnings beat Wall Street forecasts Oct 28, 2009
Cost cuts help drive profit, oil and gas output up sharply. Quotes delayed 15+ min.. (MSNBC -- Business)
News in Brief Sep 24, 2009
The gearing ratio of Hap Seng is expected to decrease to 1 times from 1. 06 times as a result of the disposal. (The Star Online, Malaysia -- Business)
AirAsia raises RM505mil from placement Sep 16, 2009
ECM Libra Investment Research, which maintained a buy call on AirAsia, said it was positive on the private placement, which would help increase liquidity position of AirAsia and lower its net gearing ratio. Based on management guidance, post-private placement, net gearing may decrease to 2. (The Star Online, Malaysia -- Business)
LCL seeks partners for UAE projects Sep 12, 2009
Currently, the group gearing ratio is about three times. Most Viewed. (The Star Online, Malaysia -- Business)
Dayang expanding marine transport Sep 10, 2009
It will help lower Borcos gearing ratio from the current 2. 1 times to 1. (The Star Online, Malaysia -- Business)
Kowloon Development 2009 Underlying Interim Net Profit Up 84% to HK$883 Million Sep 9, 2009
As of 30 June 2009, the gearing ratio of Kowloon Development was 28. 3% while cash and cash equivalents amounted to HK$600 million. (JCN Network, Japan)
Excess liquidity may create a new bubble Aug 31, 2009
Irresponsible lending was encouraged with the 2004 removal of the 15 times gearing ratio limit imposed on US investment banks. Perhaps the economy should be allowed to cool down to a sustainable level so that the excesses of the previous bubble can be removed. (The Star Online, Malaysia -- Business)
Sonic Healthcare eyes expansion after profit rises 29% Aug 28, 2009
198 billion and a gearing ratio of 32. 1 per cent, down from 38 per cent at the corresponding point a year earlier. (Sydney Morning Herald -- Business)
AirAsia targets RM1bil cash reserves Aug 4, 2009
An analyst with TA Securities said post-private placement, AirAsias gearing ratio was expected to fall to 2. 7 times from 3. (The Star Online, Malaysia -- Business)
Analysts positive on AirAsia placement plan Aug 1, 2009
Gearing ratio would decline to 2. 7 times from 3. (The Star Online, Malaysia -- Business)
B&B Japan, Australand join the write-down brigade Jul 21, 2009
But its gearing ratio under a foreign exchange hedging contract is now 63. 8 per cent. If that exceeded 65 per cent B&B Japan would have 90 days to reduce gearing; at 70 per cent, it would be in default of the contract. (Sydney Morning Herald -- Business)
B&B Japan slashes portfolio value Jul 20, 2009
"Despite the soft operating environment however, BJT's portfolio is approximately 94 per cent occupied by income as at 30 June 2009, only slightly down from 96 per cent as at 31 December 2008,'' he said. The trust holds interests in a portfolio of 34 retails, office and residential properties in Japan. Importantly, even after these revaluations, BJT remains in compliance with both of its gearing ratio covenants,'' Mr Lucas said in a statement this morning. The trust has two covenants affected by... (Sydney Morning Herald -- Business)
Glomac hopes to sell half of properties in present campaign Jul 13, 2009
He noted that Glomacs gearing ratio was also low at 0. 1, and the company would try to contain it below 0. (The Star Online, Malaysia)
Sunway declines comment on assets buy Jul 11, 2009
Met after the company EGM yesterday, Cheah said Sunway was trying to reduce its gearing ratio from the current 0. 9 times to 0. (The Star Online, Malaysia -- Business)
SP Setia CEO doesnt see PNB takeover taking place Jun 25, 2009
Its net gearing ratio at 0. 2 times as of April 30, 2009 means its balance sheet is not stretched and has plenty of room to increase its leverage to capitalise on any acquisition opportunities as and when they arise, Ching added. (The Star Online, Malaysia)
Capital Estate Announces Subscribing 8 Billion New Shares at Consideration of HK$200 Million by Fullkeen Holding Jun 23, 2009
Executive Chairman of Capital Estate Limited, Mr. Chu Nin Yiu, Stephen said, "The subscription of new shares has a positive effect on the Company. It can strengthen the Company's capital base and improve its gearing ratio on the one hand. On the other hand, the subscription can remove the uncertainty over the Company's financial position to pay the majority of the outstanding remaining balance under the Hotel Fortuna acquisition and to save the interest expense for the majority of the remaining... (JCN Network, Japan)
Can-One going ahead with KJCF stake buy Jun 4, 2009
The acquisition would push Can-Ones gearing ratio to a high of 3. 1 times from 1. (The Star Online, Malaysia -- Business)
MRCB gearing still manageable Jun 3, 2009
KUALA LUMPUR: Malaysian Resources Corp Bhd (MRCB) sees its current gearing ratio of 2 ... Though there is an increase of gearing ratio to 2. (The Star Online, Malaysia -- Business)
It's plain sailing if you know how Jun 1, 2009
Hudson Gore recommends its clients have a gearing ratio of no more than 50 percent and will even start clients off at 30 or 40 per cent. ... Aside from setting a gearing level appropriate to their risk tolerance, investors can reduce the risk of a margin call by actively monitoring their portfolios, keeping track of how their investments are performing and how their gearing ratio is moving. (Sydney Morning Herald -- Business)
Luoxin Announces 2009 First Quarterly Results; Profit Attributable to Shareholders Increased 31.3% to Approximately RMB 52,727,000 May 12, 2009
As at 31 March 2009, the Company's cash on hand and cash equivalents amounted to approximately RMB240,418,000, maintaining a solid gearing ratio and cash flow. Commenting on the steady growth of the results for the period under review, Mr. Liu Baoqi, Chairman of Luoxin, said, "In 2009, the Company continued to insist on our strategy of strengthening the production, research and development and distribution abilities in providing reliable and high value-added medical products, as well as to... (JCN Network, Japan)
AXA says long-term plan doubtful May 6, 2009
1 billion of assets in excess of regulatory requirements as at March 31 and that its gearing ratio had dropped to about 34. AXA hopes Asia's growth potential and high savings rates would provide the company with an earnings buffer and it continued to expand its distribution footprint in China and India. (Sydney Morning Herald -- Business)
Top Glove expects higher Q3 revenue Apr 15, 2009
Web search enhanced by. Wednesday April 15, 2009. (The Star Online, Malaysia -- Business)
Plenty of land for development with Country Heights Apr 4, 2009
According to Mark, Country Heights gearing ratio is less than 0. 5 times, which he considers as comfortable based on the industry standard. (The Star Online, Malaysia)
Boustead selling assets worth up to RM600mil Apr 3, 2009
Selling these non-performing assets would also reduce the groups gearing ratio and improve cashflow, Lodin said, adding that it was in the midst of very serious negotiations to dispose of its insurance arm. As at end-2008, Boustead had a gearing ratio (borrowings/shareholders equity) of 1. (The Star Online, Malaysia -- Business)
Nuplex confirms its earnings guidance Mar 23, 2009
78) million at the end of April and would lower the company's gearing ratio from 52. 3 per cent to about 37 per cent, and reduce interest costs, the company said on Monday. (Sydney Morning Herald -- Business)
AXA taps markets for $660m Mar 17, 2009
"I think there is still some more refinancing ... there's probably more of that to come,'' Mr Patterson said. His funds plan to participate in AXA's offer. Port operator Asciano and waste management group Transpacific Industries are among many companies facing debt maturities. The new funds would lift AXA's total assets to $900 million to $1 billion, above the minimum regulatory requirement for insurers, and up from $779 million estimated at end-December. AXA said the new capital would cut its... (Sydney Morning Herald -- Business)
Deterioration in asset quality manageable Mar 16, 2009
Lee pointed out the corporate sector balance sheet was healthy, with the net gearing ratio coming down to 18. 5% from 62. (The Star Online, Malaysia -- Business)
Supermax to focus on organic growth Mar 6, 2009
On concerns over funding for its projects due to its high gearing ratio, he said Supermax would make loan repayments of RM30mil every year and expected to complete payment of its last tranche of bonds in 2012. SUPERMX. (The Star Online, Malaysia -- Business)
GDF SUEZ: 2008 Annual Results(1) Mar 5, 2009
9 billion in net debt, equal to two years of EBITDA, and a gearing ratio of 46. Industrial strategy on track. (PR Newswire)
EU proposes tighter banking regulation Feb 26, 2009
"We should," he wrote, "lend our political support to the EBRD so that it may reinterpret its gearing ratio and release an additional 6 billion for handling the crisis," referring to European Bank for Reconstruction and Development. U.S. Treasury supports banks. (International Herald Tribune)
Pacific Brands shares hit record low Feb 25, 2009
Pacific Brands' gearing ratio climbed to 70. 9 per cent during the first half of 2008/09, from 56 per cent at the end of 2007/08. (Sydney Morning Herald -- Business)
Mah Sing eyes Klang Valley land for quick development Feb 24, 2009
As at end-2008, the company had a cash pile of RM172mil, and its net gearing ratio (total debt over total equity) stood at 0. 07 times. (The Star Online, Malaysia)
China XLX Announces FY2008 Financial Results Feb 20, 2009
Its net gearing ratio remains manageable at 32% as at 31 December 2008. Liquidity risk also reduces with the short-term to long-term loan ratio reducing from 3. (PR Newswire)
Zero hour looms as OZ writes off $2.8b Feb 14, 2009
One analyst said a write-down of this size would normally threaten a company's ability to access funds by raising its gearing ratio, but OZ's situation is so serious it is now a question of survival. "Unless they can complete an asset sale the banks are basically going to seize the assets," said the analyst, who asked not to be identified. (Sydney Morning Herald -- Business)
Al-Aqar REIT eyes more Mideast investors Feb 14, 2009
The new financing will raise gearing ratio to 45%, which is close to the limit of 50% allowed by the Securities Commission. Damansara REIT Managers director Kamaruzzaman Abu Kassim said there were no plans currently to issue more new Al-Aqar units to reduce gearing. (The Star Online, Malaysia -- Business)
Stable demand to help YSP sustain earnings Feb 13, 2009
The companys balance sheet remains healthy with a manageable gearing ratio at 0. 12 time, according to Lee. (The Star Online, Malaysia -- Business)
Bunnings trust may pursue acquisitions Feb 10, 2009
The trust's gearing ratio - debt to total assets - at the end of December was 35. 5 per cent, within the preferred range of 20 to 40 per cent.. (Sydney Morning Herald -- Business)
